Healthcare Digital Twins Market To Reach $3.55 Billion By 2030

November 2024 | Report Format: Electronic (PDF)

Healthcare Digital Twins Market Growth & Trends

The global healthcare digital twins market size is estimated to reach USD 3.55 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to grow at a CAGR of 25.9% from 2025 to 2030. Digital twins are digital models or real-time replicas of an object or process that incorporates and updates all the available data in real-time.

The technology is used in healthcare to test the safety and economic viability of a scenario before it is launched into the real world. The adoption of digital twins in the healthcare industry is still in a nascent stage but scientists are adopting the technology to test the viability of surgical procedures and develop personalized medicine. These are some of the key factors anticipated to drive the market growth during the forecast period. For instance, digital twins are used in healthcare to study diseases such as multiple sclerosis and Alzheimer’s to better understand the treatment options and accelerate clinical trial timelines.

The rising adoption of artificial intelligence in healthcare is anticipated to further drive the adoption of the technology. Integration of components such as APIs, graph databases, and natural language processing (NLP) to craft digital twins for healthcare and other life science organizations helps to reduce medical costs and enhance medical outcomes. Digital twins help to transform the industry by offering data-backed feedback, data capturing, and data interventions, which are anticipated to considerably reduce healthcare costs.

The emergence of startups and entry of key players in the market is anticipated to significantly boost the growth of the market. For instance, Sim&Cure a France-based company provides Sim&Size, a digital twin solution that helps brain surgeons to treat an aneurysm using simulations. Aneurysms are the enlarged vessels that can cause stroke and clots in the brain. Moreover, increased funding provided to the startups is anticipated to promote the adoption of the technology during the forecast period. For instance, in October 2021, Twin Health a California and Chennai-based startup raised USD 140 million in a Series C funding round. The startup is an AI-powered platform that provides doctors and patients the guidance on sleep activity, nutrition, and meditative breathing that helps to reverse and prevent chronic conditions such as liver diseases, Type-II diabetes, and cardiovascular diseases.

In addition, various government initiatives to improve the adoption of digital twins are anticipated to drive the demand for the technology. For instance, DigiTwins, a flagship project launched by the European Government aims to bring paradigm shifts in the healthcare industry using communication, advanced omics, sensing technologies, and computing. The European government plans to invest USD 1.1 billion in the project over 10 years to support its growth and development. Moreover, UK Research and Innovation announced funding of USD 39.15 million for healthcare technological advancements, including digital twins and digital hubs, in June 2023.


key Request a free sample copy or view report summary: Healthcare Digital Twins Market Report


Healthcare Digital Twins Market Report Highlights

  • Based on application, the personalized medicine segment led the market with the largest revenue share of 27.4% in 2024. And the medical device design and testing segment is anticipated to witness at the fastest CAGR growth over the forecast period

  • In terms of end use, the providers segment led the market with the largest revenue share of 36.2% in 2024. And the pharma & biopharma segment is anticipated to witness at the fastest CAGR over the forecast period

  • Based on region, North America held the largest revenue share of 46.8% in 2024. Factors such as favorable government initiatives, lucrative funding, and the presence of key players in the region contributed to the growth of the market

Healthcare Digital Twins Market Segmentation

Grand View Research, Inc. has segmented the global healthcare digital twins market report based on the component, application, end use, and region:

Healthcare Digital Twins Component Outlook (Revenue, USD Million, 2018 - 2030)

  • Software

  • Services

Healthcare Digital Twins Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Personalized medicine

  • Healthcare workflow optimization & Asset Management

  • Medical Device Design and Testing

  • Drug Discovery & development

  • Surgical planning and medical education

  • Others

Healthcare Digital Twins End Use Outlook (Revenue, USD Million, 2018 - 2030)

  • Providers

  • Pharma & Bio Pharma Companies

  • Medical Device Companies

  • Research & Academia

  • Others

Healthcare Digital Twins Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • Spain

    • Italy

    • France

    • Denmark

    • Norway

    • Sweden

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • Thailand

    • South Korea

  • Latin America

    • Brazil

    • Argentina

  • MEA

    • South Africa

    • Saudi Arabia

    • UAE

    • Kuwait

List of Key Players of Healthcare Digital Twins Market

  • Atos

  • Microsoft

  • Philips Healthcare

  • PrediSurge

  • Unlearn AI

  • QiO Technologies

  • Verto Healthcare

  • Dassault Systems (3DS System)

  • ThoughWire

  • Faststream Technologies

  • Twin Health

gvr icn

GET A FREE SAMPLE

gvr icn

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

gvr icn

NEED A CUSTOM REPORT?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.

Contact us now to get our best pricing.