Market Overview:
A digital twin in healthcare refers to a virtual model or replica of a physical entity, such as a patient, medical device, healthcare facility, or even an entire healthcare system. It is a digital representation that uses real-time data, advanced simulation, machine learning, and artificial intelligence (AI) to mirror the physical object or system in the digital world. These models enable healthcare professionals to monitor, analyse, and predict the behaviour or condition of the physical entity they represent, thereby improving decision-making, patient care, and operational efficiency.
North America is projected to maintain a dominant position in the North America digital twins in the healthcare market, driven by significant product launches, advanced technological infrastructure, and large investments in the digitization of healthcare. Advanced AI and ML capabilities aid in the adoption of digital twin technology in personalized medicine, predictive analytics, and real-time patient monitoring.
Increased government initiatives promoting digital healthcare, rising adoption of EHR applications, and growing demand for precision medicine are other growth factors driving the market. Innovators are actively involved in developing advanced digital twins for a plethora of applications.
Market Size Growth Rate:
According to the DataM market research report, the North America Digital Twins Market was valued at US$ 977.76 million in 2024 and is estimated to reach US$ 7,350.06 million by 2033, growing at a CAGR of 25.5% during the forecast period from 2025 to 2033.
North America Digital Twins in Healthcare Market Segments:
By Offering:
- Software
- Services
- Hardware
By Application:
- Treatment Planning
- Drug Discovery and Development
- Diagnostics
- Patient Monitoring
- Healthcare Facility Management
- Others
By Technology:
- Virtual Reality (VR)
- Artificial Intelligence (AI)
- Machine Learning (ML)
- Internet of Things (IoT)
- Augmented Reality (AR)
- Others
By End User:
- Hospitals and Clinics
- Pharmaceutical and Biotechnology Companies
- Academic and Research Institutes.
By Country:
- U.S
- Canada
- Mexico
Recent Developments in the Industry:
- In May 2024, Ontrak Health, a leading AI-powered healthcare company, launched its Mental Health Digital Twin (MHDT) technology, which combines human empathy with data-driven insights to provide personalized, precise, and effective care for individuals struggling with mental health challenges.
- In February 2024, Unlearn, an AI company, secured a $50M Series C round led by Altimeter Capital, along with Radical Ventures, Wittington Ventures, Mubadala Capital, Epic Ventures, and Necessary Venture Capital. The funding will help Unlearn advance AI to eliminate trial and error in medicine by investing in its people, data, engineering capabilities, and R&D initiatives.
- In August 2023, Altis Labs, an AI-driven computational imaging company, announced an international coalition to develop and implement digital twins in clinical trials.
Major Companies:
Major companies working towards the market's growth include Twin Health, GE Healthcare, Owkin, Inc., Ontrak Health, and Altis Labs, Inc., among others.
The Full Report has the following insights:
- The report offers a comprehensive evaluation of the market in terms of market value (US) and Y-o-Y Growth Rates (%). It does so via in-depth qualitative insights, historical data (2022-2033), and verifiable projections about market size during the forecast period (2025-2033).
- Visualize the composition of the North America digital twins in healthcare market segmentation by offering, application, technology, end user, and region, highlighting the key commercial assets and players.
- Identify commercial opportunities in the North America digital twins in healthcare market by analyzing trends and co-development deals.
- The report also covers data insights on various industry forces such as Porter's five forces analysis, supply chain analysis, pricing analysis, and regulatory analysis.
- Excel data sheet with thousands of data points of North America digital twins in the healthcare market -level 4/5 segmentation.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in Excel for the key product of all major market players
