Dublin, Aug. 25, 2023 (GLOBE NEWSWIRE) -- The "Digital Twin in the Global Healthcare Market: Trends, Opportunities and Competitive Analysis (2023-2028)" report has been added to ResearchAndMarkets.com's offering.
The global healthcare sector is undergoing a transformative shift with the integration of digital twin technology, predicted to reach a substantial value of $2.03 billion by 2028. This promising trajectory reflects an impressive Compound Annual Growth Rate (CAGR) of 26.7% from 2023 to 2028.
Embracing a Bright Future for Digital Twin in Healthcare
The horizon for digital twin in the global healthcare market is notably optimistic, offering a multitude of opportunities across various sectors including pharma & bio-pharma companies, research & academia, healthcare providers, and medical device firms. The driving forces behind this growth include the technology's ability to facilitate creative and efficient operations, real-time data analytics for informed patient care decisions, and the burgeoning adoption of telemedicine and remote patient monitoring services.
Unveiling the Breakdown: Digital Twin in Healthcare Segmentation
Diving into the intricacies, the study presents insights into digital twin in the global healthcare market segmented by component, application, end-use industry, and region:
Segmented by Components [Shipment Analysis by Value from 2017 to 2028]:
- Software
- Services
Application Insights [Shipment Analysis by Value from 2017 to 2028]:
- Drug Discovery & Development
- Personalized Medicine
- Surgical Planning and Medical Education
- Medical Device Design and Testing
- Healthcare Workflow Optimization & Asset Management
- Others
End-User Industry Breakdown [Shipment Analysis by Value from 2017 to 2028]:
- Pharma & Bio-Pharma Companies
- Research & Academia
- Healthcare Providers
- Medical Device Companies
- Others
A Glimpse at Geographical Distribution [Shipment Analysis by Value from 2017 to 2028]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
Key Players Shaping the Landscape
In a competitive arena, companies strive to excel in product quality. Major players in this landscape focus on expanding their manufacturing facilities, investing in Research & Development, improving infrastructure, and capitalizing on integration opportunities throughout the value chain. Notable players in this sector include:
- Siemens Healthineers
- DassaultSystemes
- Microsoft
- Koninklijke Philips
- Faststream Technologies
- Twin Health
- IBM
Promising Avenues Unveiled
- Personalized medicine is projected to dominate the application segment due to its potential for enhanced patient outcomes, minimized side effects, and improved therapeutic efficacy.
- The healthcare provider sector is expected to lead among end-use industries, offering accurate disease diagnosis, timely medication, and data-driven decisions.
- North America will continue to spearhead this domain, supported by market leaders, advanced digital infrastructure, and governmental investments.
Market Features in Focus
- Market Size Estimates: Valuation of digital twin in the healthcare market ($B)
- Trend and Forecast Analysis: Insights into market trends (2017-2022) and projections (2023-2028) across various segments and regions.
- Segmentation Analysis: Detailed breakdown by component, application, end-use industry, and region.
- Regional Analysis: Comprehensive breakdown covering North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Examination of growth potential in diverse components, applications, end-use industries, and regions.
- Strategic Analysis: Evaluation of M&A, new product development, and competitive landscape via Porter's Five Forces model.
Key Topics Covered
1. Executive Summary
2. Digital Twin in the Global Healthcare Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2017 to 2028
3.1: Macroeconomic Trends (2017-2022) and Forecast (2023-2028)
3.2: Digital Twin in the Global Healthcare Market Trends (2017-2022) and Forecast (2023-2028)
3.3: Digital Twin in the Global Healthcare Market by Component
3.3.1: Software
3.3.2: Services
3.4: Digital Twin in the Global Healthcare Market by Application
3.4.1: Drug Discovery & Development
3.4.2: Personalized Medicine
3.4.3: Surgical Planning and Medical Education
3.4.4: Medical Device Design and Testing
3.4.5: Healthcare Workflow Optimization & Asset Management
3.4.6: Others
3.5: Digital Twin in the Global Healthcare Market by End-use Industry
3.5.1: Pharma & Bio-Pharma Companies
3.5.2: Research & Academia
3.5.3: Healthcare Providers
3.5.4: Medical Device Companies
3.5.5: Others
4. Market Trends and Forecast Analysis by Region from 2017 to 2028
4.1: Digital Twin in the Global Healthcare Market by Region
4.2: Digital Twin in the North American Healthcare Market
4.3: Digital Twin in the European Healthcare Market
4.4: Digital Twin in the APAC Healthcare Market
4.5: Digital Twin in the RoW Healthcare Market
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter's Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.2: Emerging Trends for Digital Twin in the Global Healthcare Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of Digital Twin in the Global Healthcare Market
6.3.3: Mergers, Acquisitions, and Joint Ventures of Digital Twin in the Global Healthcare Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Siemens Healthineers
7.2: Dassault Systemes
7.3: Microsoft
7.4: Koninklijke Philips
7.5: Faststream Technologies
7.6: Twin Health
7.7: IBM
For more information about this report visit https://www.researchandmarkets.com/r/n3ac5f
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