The Global Digital Twins Market is expected to experience a significant growth at 30% CAGR till 2035, according to a market research report by Roots Analysis

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13 Sep, 2023, 04:15 GMT

Given the potential of digital twins to replicate the physical world in a digital layout, while gathering constant inputs from the real-world, such products have generated significant interest within the healthcare domain

LONDON, Sept. 13, 2023 /PRNewswire/ -- Roots Analysis has announced the addition of "Digital Twin Market, 2022-2035" report to its list of offerings.

The growing interest in digital twin market can be validated from the fact that, in the last two years, close to USD 6 billion has been invested by several investors based across the globe, in companies engaged in the development or those offering digital twins. Majority of the funds have been raised through venture rounds. In terms of the amount of funds raised, Babylon Health and Certara are the leading digital twin companies, essentially owing to their IPOs in 2021. Interestingly, the partnership activity in the industry has also witnessed a growth rate of over 15%, in the past three years. Consistent support from the venture capital firms will ensure the development of digital twins for healthcare industry.

To order this 200+ page report, which features 80+ figures and 95+ tables, please visit

https://www.rootsanalysis.com/reports/digital-twins-market.html

Key Market Insights

Presently, over 35 digital twin products / services are available in the healthcare market which are being offered by players located across the globe
The partnership activity for digital twins in healthcare domain has grown at a CAGR of over 15%, in the past three years, 2019-2022
In order to tap into the lucrative opportunity associated with digital twins, various investment firms have invested over USD 6 billion in this market space, during the period 2018-2022
The projected future opportunity for companies engaged in this field is expected to be well distributed across different types of digital twins, therapeutic areas, areas of applications and key geographical regions

For additional details, please visit
https://www.rootsanalysis.com/reports/digital-twins-market.html

The financial opportunity within the digital twins market in the healthcare domain has been analyzed across the following segments:

Therapeutic Area

- Cardiovascular Disorders
- Metabolic Disorders
- Orthopedic Disorders
- Other Disorders

Type of Digital Twin

- Process Twins
- System Twins
- Whole Body Twins
- Body Part Twins

Area of Application

- Asset / Process Management
- Personalized Treatment
- Surgical Planning
- Diagnosis
- Other Applications

End Users

- Pharmaceutical Companies
- Medical Device Manufacturers
- Healthcare Providers
- Patients
- Other End Users

Key Geographical Regions

- North America
- Europe
- Asia
- Latin America
- Middle East and North Africa
- Rest of the World

The research includes profiles of key players (listed below); each profile features a brief overview of the company, details related to its recent developments (including funding and collaborations) and an informed future outlook.

Babylon
ExactCure
ImmersiveTouch
Navv Systems
ThoughtWire
Unlearn.AI

Key Questions Answered

Who are the leading players engaged in the development of digital twins for the healthcare domain?
Which type of digital twin is most commonly offered by developers engaged in this market space?
What is the relative competitiveness of different players engaged in the digital twins domain?
What is the likely valuation of start-ups involved in the development of digital twins for the healthcare sector?
What is the present and likely future demand for digital twins in the overall healthcare sector?
What are the anticipated future trends related to digital twins in the healthcare domain?
How is the current and future opportunity likely to be distributed across key market segments?

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