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June 27, 2022

Magazine: is the metaverse the next frontier in clinical trials?

In this issue: Clinical trials in the metaverse, making LFTs sustainable, foreign direct investment in medical devices and the affordability of 3D printed organs.

By Kezia Parkins

In this issue, we take a dive into the metaverse – a decentralised virtual world that is set to revolutionise a number of industries, including healthcare.

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The Metaverse is becoming a reality – adapt to meet it

Although the term resists single definition, the metaverse can broadly be described as a virtual world where users can meet, work, play, shop and socialize in real-time within simulated scenarios. The theme has gained traction following Facebook's rebranding to Meta, prompting enterprises to consider how they can seemingly develop economies, trade with other companies, and form alliances in new and imaginative ways as the metaverse use cases and applications grow broader. This is subsequently encouraging businesses across sectors to begin developing capacities related to the metaverse experience, foundation, tools, and user interfaces. Simultaneously, the impact of the COVID-19 pandemic has accelerated the technology adoption rate, thereby increasing the expectations of stakeholders. Amid all such developments, the metaverse is projected to influence multiple sectors with user engagement, collaboration, training, and learning being touted as some of its early use cases. GlobalData examines how the innovative adoption of emerging technologies can accelerate the advent of the metaverse ecosystem. This report explores our in-house data to provide our clients with insights into how various companies are driving the immersive ecosystem’s growth with their innovative solutions.
by GlobalData
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In addition to looking at key metaverse trends, we also explore whether it could be the next frontier in clinical trials. Indeed the metaverse could help break down barriers in healthcare, but experts caution the clinical trials sector to go slow.

Also in this issue, we ask how the industry can make lateral flow tests (LFTs) more sustainable. Self-testing has become a regular part of life, thanks to the pandemic. But what does the boom in lateral flow tests mean for the environment, and what can medical device companies do about all that single-use plastic?

Elsewhere we take a look at foreign direct investment in medical devices and the affordability of 3D printed organs.

Read the latest issue of Medical Technology for all this plus the latest medical device industry news, comment, data and analysis from GlobalData.

You can also subscribe here to receive email notifications when a new issue is available.

Related Companies

Free Report
img

The Metaverse is becoming a reality – adapt to meet it

Although the term resists single definition, the metaverse can broadly be described as a virtual world where users can meet, work, play, shop and socialize in real-time within simulated scenarios. The theme has gained traction following Facebook's rebranding to Meta, prompting enterprises to consider how they can seemingly develop economies, trade with other companies, and form alliances in new and imaginative ways as the metaverse use cases and applications grow broader. This is subsequently encouraging businesses across sectors to begin developing capacities related to the metaverse experience, foundation, tools, and user interfaces. Simultaneously, the impact of the COVID-19 pandemic has accelerated the technology adoption rate, thereby increasing the expectations of stakeholders. Amid all such developments, the metaverse is projected to influence multiple sectors with user engagement, collaboration, training, and learning being touted as some of its early use cases. GlobalData examines how the innovative adoption of emerging technologies can accelerate the advent of the metaverse ecosystem. This report explores our in-house data to provide our clients with insights into how various companies are driving the immersive ecosystem’s growth with their innovative solutions.
by GlobalData
Enter your details here to receive your free Report.

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