According to research from ResearchAndMarkets.com, the market for healthcare digital twins will be growing by 26% annually in the next ten years. There are several developments adding to this growth, according to the research firm. One is the growing public knowledge of the potential uses and benefits of digital twins. However, security risks and high costs for maintenance will hinder the growth.
According to ResearchAndMarkets.com, the healthcare digital twins market size is estimated to be $489.7 25 million in 2022. This market is expected to witness a CAGR of 26.31% during the forecast period 2023-2033. Surge in usage of the technology in the healthcare sector and increasing use of medical records, mobile applications, sensors, and wearables in the healthcare sector are factors contributing to the market growth.
Furthermore, increase in research and development (R&D) efforts will stimulate the usage. As will the growing public knowledge of the potential uses, and benefits of digital twins influence the use of this technology. Active involvement from major global tech companies in the market is projected to accelerate the market growth even further. However, growing incidence of security breaches in healthcare facilities and the high costs associated with maintaining the technology’s infrastructure is expected to hinder the growth.
Adoption of healthcare digital twins
According to an article by AI Multiple from May 2022, 66% of healthcare professionals anticipate soaring investments in digital twins. Adoption helps to enhance the performance of healthcare organizations. It will enable the development of new devices and medications. Plus: it will facilitate personalization and customization of medicine.
Based on an individual’s genetic structure, behavior, and anatomy, personalized treatment offers a great deal of potential thanks to the technology. For instance, Swedish researchers have been mapping mice RNA into multiple digital twin models with the objective of customizing arthritis diagnosis and care for people. Cases like these will drive further adoption of healthcare digital twins.
