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Digital Twins in Healthcare Global Market Report 2024

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    Report

  • 175 Pages
  • April 2024
  • Region: Global
  • The Business Research Company
  • ID: 5953352
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 expansion observed during the historic period can be attributed to several key factors, including the 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 solutions, and increasing investments in digital twin technology by both 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 anticipated growth in the forecast period can be attributed to several significant factors, including the increasing adoption of digital twin technology in the healthcare industry, a growing demand for real-time data analytics, advancements in machine learning and artificial intelligence, a heightened focus on patient-centered care, and an increasing demand for predictive analytics and preventive interventions. Major trends expected during this period encompass the increasing use of digital twins for drug discovery and development, growing demand for patient remote monitoring, the rising use of digital twins for customized medicine, increased utilization of digital twins for surgery planning, and a growing application of digital twins for epidemic management.

The expansion of telehealth services is poised to drive the proliferation of digital twins within the healthcare market in the foreseeable future. Telehealth, leveraging telecommunications technology, facilitates remote delivery of healthcare services and information, encompassing medical consultations, monitoring, education, and health information exchange through digital communication channels. Digital twins, capable of simulating real-time physiological responses and disease progression for individual patients, emerge as a pivotal technology complementing telehealth initiatives. Telehealth platforms leverage digital twins to enable remote monitoring, empowering healthcare providers to track patients' vital signs, medication adherence, and overall health from a distance. For example, data from Rock Health Inc. in February 2023 revealed that four out of five consumers had utilized telemedicine services at least once, with significant increases observed in telemedicine adoption among underrepresented groups in healthcare, including a 12% increase among individuals over the age of 55 and a 13% higher adoption rate among rural residents in 2022. This underscores the transformative impact of telehealth expansion in driving the adoption of digital twins within the healthcare landscape.

Key players within the digital twins in healthcare market are actively engaged in the development of innovative digital twin-supported technologies aimed at enhancing medical research and delivering personalized care. One such innovation is Emma, a digital twin-supported technology designed to raise awareness of the role of virtual twins in accelerating medical research and improving patient outcomes. Emma offers an interactive, true-to-life virtual replica enriched with additional data points, insights, and analysis capabilities, enhancing the overall patient experience. This technology facilitates optimization of surgical procedures and provides patients with a deeper understanding of treatment options. For instance, in September 2023, Dassault Systèmes SE, a renowned France-based software company, unveiled Emma, a digital twin avatar engineered to raise awareness about health research. Leveraging anonymous health data, Emma undergoes numerous tests to gain insights into various diseases and therapies, exemplifying the potential of digital twins in advancing medical research and patient care.

In December 2021, Siemens AG, a renowned German automation company, completed the acquisition of EcoDomus Inc. for an undisclosed sum. This strategic acquisition is geared towards integrating EcoDomus' advanced technology into Siemens AG's portfolio, with the objective of enriching and diversifying its range of offerings. EcoDomus Inc., headquartered in the United States, specializes in providing cutting-edge digital twin software solutions.

Major companies operating in the digital twins in healthcare market report are Amazon.com Inc., Microsoft Corporation, International Business Machines 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.

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. The countries covered in the digital twins in healthcare market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A digital twin in healthcare is a virtual representation of physical entities such as patients and hospital environments, created in digital form and incorporating real-time data sourced from electronic health records and physiological measurements. These digital replicas enable personalized treatment plans, predictive analytics, and improved clinical operations by integrating real-time data with virtual simulations.

The main types of digital twins in healthcare include process and system digital twins, as well as product digital twins. A Process and System Digital Twin represents a virtual model of a physical process or system, utilized in various applications such as asset and process management, personalized medicine, and drug discovery. These digital twins find applications in clinical research organizations, research and diagnostic laboratories, hospitals, and clinics.

The digital twins in healthcare market research report is one of a series of new reports that provides digital twins in healthcare market statistics, including digital twins in healthcare industry global market size, regional shares, competitors with digital twins in healthcare market share, detailed digital twins in healthcare market segments, market trends, and opportunities, and any further data you may need to thrive in the digital twins in healthcare industry. This digital twins in healthcare market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The digital twins in healthcare market includes revenues earned by entities by replicating staffing systems, creating digital twins of healthcare facilities, interdisciplinary teamwork and patient care coordination, training and simulation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Digital Twins In Healthcare Market Characteristics3. Digital Twins In Healthcare Market Trends And Strategies
4. Digital Twins In Healthcare Market - Macro Economic Scenario
4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market
5. Global Digital Twins In Healthcare Market Size and Growth
5.1. Global Digital Twins In Healthcare Market Drivers and Restraints
5.1.1. Drivers Of The Market
5.1.2. Restraints Of The Market
5.2. Global Digital Twins In Healthcare Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Digital Twins In Healthcare Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)
6. Digital Twins In Healthcare Market Segmentation
6.1. Global Digital Twins In Healthcare Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Process And System Digital Twin
  • Product Digital Twin
6.2. Global Digital Twins In Healthcare Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Asset And Process Management
  • Personalized Medicine
  • Drug Discovery
6.3. Global Digital Twins In Healthcare Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Clinical Research Organizations (CROs)
  • Research And Diagnostic Laboratories
  • Hospitals And Clinics
7. Digital Twins In Healthcare Market Regional And Country Analysis
7.1. Global Digital Twins In Healthcare Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Digital Twins In Healthcare Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Digital Twins In Healthcare Market
8.1. Asia-Pacific Digital Twins In Healthcare Market Overview
(Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies)
8.2. Asia-Pacific Digital Twins In Healthcare Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Digital Twins In Healthcare Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Digital Twins In Healthcare Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Digital Twins In Healthcare Market
9.1. China Digital Twins In Healthcare Market Overview
9.2. China Digital Twins In Healthcare Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Digital Twins In Healthcare Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Digital Twins In Healthcare Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Digital Twins In Healthcare Market
10.1. India Digital Twins In Healthcare Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Digital Twins In Healthcare Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Digital Twins In Healthcare Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Digital Twins In Healthcare Market
11.1. Japan Digital Twins In Healthcare Market Overview
11.2. Japan Digital Twins In Healthcare Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Digital Twins In Healthcare Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Digital Twins In Healthcare Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Digital Twins In Healthcare Market
12.1. Australia Digital Twins In Healthcare Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Digital Twins In Healthcare Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Digital Twins In Healthcare Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Digital Twins In Healthcare Market
13.1. Indonesia Digital Twins In Healthcare Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Digital Twins In Healthcare Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Digital Twins In Healthcare Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Digital Twins In Healthcare Market
14.1. South Korea Digital Twins In Healthcare Market Overview
14.2. South Korea Digital Twins In Healthcare Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Digital Twins In Healthcare Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Digital Twins In Healthcare Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Digital Twins In Healthcare Market
15.1. Western Europe Digital Twins In Healthcare Market Overview
15.2. Western Europe Digital Twins In Healthcare Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Digital Twins In Healthcare Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Digital Twins In Healthcare Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Digital Twins In Healthcare Market
16.1. UK Digital Twins In Healthcare Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Digital Twins In Healthcare Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Digital Twins In Healthcare Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Digital Twins In Healthcare Market
17.1. Germany Digital Twins In Healthcare Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Digital Twins In Healthcare Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Digital Twins In Healthcare Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Digital Twins In Healthcare Market
18.1. France Digital Twins In Healthcare Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Digital Twins In Healthcare Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Digital Twins In Healthcare Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Digital Twins In Healthcare Market
19.1. Italy Digital Twins In Healthcare Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Digital Twins In Healthcare Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Digital Twins In Healthcare Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Digital Twins In Healthcare Market
20.1. Spain Digital Twins In Healthcare Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Digital Twins In Healthcare Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Digital Twins In Healthcare Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Digital Twins In Healthcare Market
21.1. Eastern Europe Digital Twins In Healthcare Market Overview
21.2. Eastern Europe Digital Twins In Healthcare Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Digital Twins In Healthcare Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Digital Twins In Healthcare Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Digital Twins In Healthcare Market
22.1. Russia Digital Twins In Healthcare Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Digital Twins In Healthcare Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Digital Twins In Healthcare Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Digital Twins In Healthcare Market
23.1. North America Digital Twins In Healthcare Market Overview
23.2. North America Digital Twins In Healthcare Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Digital Twins In Healthcare Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Digital Twins In Healthcare Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Digital Twins In Healthcare Market
24.1. USA Digital Twins In Healthcare Market Overview
24.2. USA Digital Twins In Healthcare Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Digital Twins In Healthcare Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Digital Twins In Healthcare Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Digital Twins In Healthcare Market
25.1. Canada Digital Twins In Healthcare Market Overview
25.2. Canada Digital Twins In Healthcare Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Digital Twins In Healthcare Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Digital Twins In Healthcare Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Digital Twins In Healthcare Market
26.1. South America Digital Twins In Healthcare Market Overview
26.2. South America Digital Twins In Healthcare Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Digital Twins In Healthcare Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Digital Twins In Healthcare Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Digital Twins In Healthcare Market
27.1. Brazil Digital Twins In Healthcare Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Digital Twins In Healthcare Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Digital Twins In Healthcare Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Digital Twins In Healthcare Market
28.1. Middle East Digital Twins In Healthcare Market Overview
28.2. Middle East Digital Twins In Healthcare Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Digital Twins In Healthcare Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Digital Twins In Healthcare Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Digital Twins In Healthcare Market
29.1. Africa Digital Twins In Healthcare Market Overview
29.2. Africa Digital Twins In Healthcare Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Digital Twins In Healthcare Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Digital Twins In Healthcare Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Digital Twins In Healthcare Market Competitive Landscape And Company Profiles
30.1. Digital Twins In Healthcare Market Competitive Landscape
30.2. Digital Twins In Healthcare Market Company Profiles
30.2.1. Amazon.com Inc.
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Microsoft Corporation
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. IBM Corporation
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Oracle Corporation
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. SAP SE
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Digital Twins In Healthcare Market Other Major And Innovative Companies
31.1. NVIDIA Corporation
31.2. Siemens AG
31.3. Koninklijke Philips N.V.
31.4. GE HealthCare Technologies Inc.
31.5. NTT DATA Corporation
31.6. Atos SE
31.7. Dassault Systemes SE
31.8. Ansys Inc.
31.9. PTC Inc.
31.10. Twin Health Inc.
31.11. Faststream Technologies
31.12. Rescale Inc.
31.13. ThoughWire Corp.
31.14. Q Bio Inc.
31.15. Verto Healthcare
32. Global Digital Twins In Healthcare Market Competitive Benchmarking33. Global Digital Twins In Healthcare Market Competitive Dashboard34. Key Mergers And Acquisitions In The Digital Twins In Healthcare Market
35. Digital Twins In Healthcare Market Future Outlook and Potential Analysis
35.1 Digital Twins In Healthcare Market In 2028 - Countries Offering Most New Opportunities
35.2 Digital Twins In Healthcare Market In 2028 - Segments Offering Most New Opportunities
35.3 Digital Twins In Healthcare Market In 2028 - Growth Strategies
35.3.1 Market Trend Based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright And Disclaimer

Executive Summary

Digital Twins In Healthcare Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on digital twins in healthcare market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase:

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Description

Where is the largest and fastest growing market for digital twins in healthcare ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The digital twins in healthcare market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) By Type: Process And System Digital Twin; Product Digital Twin
2) By Application: Asset And Process Management; Personalized Medicine; Drug Discovery;
3) By End-User: Clinical Research Organizations (CROs); Research And Diagnostic Laboratories; Hospitals And Clinics.

Key Companies Mentioned: Amazon.com Inc.; Microsoft Corporation; International Business Machines Corporation; Oracle Corporation; SAP SE

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Companies Mentioned

  • Amazon.com Inc.
  • Microsoft Corporation
  • International Business Machines 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

Methodology

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Table Information