The digital twins in healthcare global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Digital Twins In Healthcare Market, 2024 report by The Business Research
Company offers comprehensive insights into the current state of the market and
highlights future growth opportunities.
Market Size -
The digital twins in healthcare market size has grown exponentially in recent
years. It will grow from $1.31 billion in 2023 to $1.96 billion in 2024 at a
compound annual growth rate (CAGR) of 49.5%.
The growth in the historic period can be attributed to Increasing
adoption of digital twin technology in manufacturing and aerospace industries,
Advancements in IoT and cloud computing technologies, Growing demand for
predictive maintenance and real-time analytics, Growing demand for predictive
maintenance and real-time analytics, and Increasing investments in digital twin
technology by public and private entities.
The digital twins in healthcare market size is expected to see exponential
growth in the next few years. It will grow to $9.69 billion in 2028 at a
compound annual growth rate (CAGR) of 49.2%.
The growth in the forecast period can be attributed to Increasing
adoption of digital twin technology in the healthcare industry, Growing demand
for real-time data analytics, Advancements in machine learning and artificial
intelligence, Increasing focus on patient-centered care, and Growing demand for
predictive analytics and preventive interventions. Major trends in the forecast
period include Increasing use of digital twins for drug discovery and
development, Growing demand for patient remote monitoring, Increasing use of
digital twins for customized medicine, Growing use of digital twins for surgery
planning, and Increasing use of digital twins for epidemic management,
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Scope Of Digital Twins In Healthcare Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Digital Twins In Healthcare Market Overview
Market Drivers -
The expansion of telehealth is expected to propel the growth of digital twins
in the healthcare market going forward. Telehealth refers to using
telecommunications technology to provide healthcare services and information
remotely. It encompasses various healthcare services, including medical
consultations, monitoring, education, and health information exchange, all
delivered through digital communication channels. Digital twins can simulate
real-time physiological responses and disease progression for individual
patients. Telehealth platforms can use this information for remote monitoring,
enabling healthcare providers to remotely track patients' vital signs,
medication adherence, and overall health. For instance, in February 2023, according
to Rock Health Inc., a US-based health technology company, four out of five
consumers had utilized a telemedicine service at least once. Additionally,
telemedicine use increased significantly in 2022 among underrepresented groups
in healthcare. Telemedicine adoption increased by 12% among people over the age
of 55, and rural residents adopted telemedicine at a 13% higher rate.
Therefore, telehealth expansion is driving the growth of digital twins in the
healthcare market.
Market Trends -
Major companies operating in digital twins in the healthcare market are
developing innovative digital twin-supported technology, such as Emma, to raise
awareness of the role of virtual twins in accelerating medical research and
delivering personalized care. Emma is a digital twin-supported technology that
provides an interactive, true-to-life virtual replica with additional data
points, insights, and analysis that enhance the experience. The technology can
optimize surgical procedures and give patients a greater understanding of
treatment options. For instance, in September 2023, Dassault Systèmesa SE, a
France-based software company, launched a digital twin avatar named Emma to
raise awareness about health research. Emma is a virtual model that accurately
reflects the characteristics of a physical being. Emma was developed using
anonymous health data to conduct numerous tests to gain insight into various
diseases and therapies.
The aerospace support and auxiliary equipment market covered in this report is
segmented –
1) By Type: Commercial Radars, Satellites
2) By Ownership: Public, Private
3) By Platform: Airborne, Land, Naval, Space
Subsegments Covered: Continuous Waveform, Pulse Waveform, Large Satellite, Mini
Satellite, Micro Satellite, Nano Satellite
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Regional Insights -
North America was the largest region in the digital twins in healthcare market
in 2023. The regions covered in the digital twins in healthcare market report
are Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, Africa.
Major companies operating in the digital twins in healthcare market are
Amazon.com Inc., Microsoft Corporation, IBM Corporation, Oracle Corporation,
SAP SE, NVIDIA Corporation, Siemens AG, Koninklijke Philips N.V., GE HealthCare
Technologies Inc., NTT DATA Corporation, Atos SE, Dassault Systemes SE, Ansys
Inc., PTC Inc., Twin Health Inc., Faststream Technologies, Rescale Inc.,
ThoughWire Corp., Q Bio Inc., Verto Healthcare, Unlearn.AI Inc., PrediSurge,
QiO Technologies Ltd., NUREA, Predictive Care Inc., Virtonomy GMbH
Table of Contents
1. Executive Summary
2. Digital Twins In Healthcare Market Report Structure
3. Digital Twins In Healthcare Market Trends And Strategies
4. Digital Twins In Healthcare Market – Macro Economic Scenario
5. Digital Twins In Healthcare Market Size And Growth
…..
27. Digital Twins In Healthcare Market Competitor Landscape And Company
Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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