The Asia Pacific Digital Twins in Healthcare Market would witness market growth of 53.0% CAGR during the forecast period (2023-2030).
A surgical digital twin aims to create a patient model so that surgery can be planned in a multidisciplinary team meeting, practiced beforehand in a simulator, and called upon during the operation to evaluate anatomy and minimize accidental structural damage. These techniques can aid in preventing mistakes that might happen before an operation and enable medical professionals to better plan. For effective digital twins and the development of precise data models, technologies like machine learning, AI, 3D modeling, and predictive analytics are essential. Additionally, digital twins have played a significant role in the development.
They will continue to do so in the medical industry, focusing on software-as-a-medical services, integration, assessment of IoT-enabled devices, and enhanced surveillance of healthcare facilities. As a result, digital twins will become more popular, and healthcare organizations will find them more practical. By improving medical care with digital tracking and developing human body modeling, digital twins in healthcare are transforming clinical operations and hospital management. When examining illnesses, novel medications, and medical gadgets, researchers greatly benefit from these methods.
In recent years, the medical tourism sector in Southeast Asia has developed into a major force in the development of international medical travel. Thailand, Singapore, and Malaysia have established themselves as major players among the popular ASEAN (Association of Southeast Asian Nations) places for medical travel, encouraging inbound travel to the area due to its affordable costs, first-rate healthcare, state-of-the-art technology, and well-known medical expertise. The growing medical tourism, and grown investment in healthcare sector further opens up opportunities to adopt latest and advanced technologies within the healthcare industry. As a result, the market may witness significant growth in the APAC region.
The China market dominated the Asia Pacific Digital Twins in Healthcare Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,148.2 million by 2030. The Japan market is estimated to grow at a CAGR of 52% during (2023 - 2030). Additionally, The India market would register a CAGR of 53.9% during (2023 - 2030).
Based on Application, the market is segmented into Healthcare Workflow Optimization & Asset Management, Personalized Medicine, Drug Discovery & Development, Medical Device Design & Testing, Surgical Planning & Medical Education, and Others. Based on Component, the market is segmented into Software, and Services. Based on End User, the market is segmented into Providers, Pharma & Biopharma Companies, Research & Academia, Medical Device Companies, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Digital Twins in Healthcare Market is Projected to reach USD 29.3 Billion by 2030, at a CAGR of 51.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens Healthineers AG (Siemens AG), Dassault Systemes SE, Microsoft Corporation, Koninklijke Philips N.V., IBM Corporation, NVIDIA Corporation, GE HealthCare Technologies, Inc., Oracle Corporation, Amazon Web Services, Inc. (Amazon.com, Inc.), and SAP SE.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Healthcare Workflow Optimization & Asset Management
- Personalized Medicine
- Drug Discovery & Development
- Medical Device Design & Testing
- Surgical Planning & Medical Education
- Others
By Component
By End User
- Providers
- Pharma & Biopharma Companies
- Research & Academia
- Medical Device Companies
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Siemens Healthineers AG (Siemens AG)
- Dassault Systemes SE
- Microsoft Corporation
- Koninklijke Philips N.V.
- IBM Corporation
- NVIDIA Corporation
- GE HealthCare Technologies, Inc.
- Oracle Corporation
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- SAP SE
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Digital Twins in Healthcare Market, by Application
1.4.2 Asia Pacific Digital Twins in Healthcare Market, by Component
1.4.3 Asia Pacific Digital Twins in Healthcare Market, by End User
1.4.4 Asia Pacific Digital Twins in Healthcare Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, May – 2023, Jun) Leading Players
4.4 Porter’s Five Force Analysis
Chapter 5. Asia Pacific Digital Twins in Healthcare Market by Application
5.1 Asia Pacific Healthcare Workflow Optimization & Asset Management Market by Country
5.2 Asia Pacific Personalized Medicine Market by Country
5.3 Asia Pacific Drug Discovery & Development Market by Country
5.4 Asia Pacific Medical Device Design & Testing Market by Country
5.5 Asia Pacific Surgical Planning & Medical Education Market by Country
5.6 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Digital Twins in Healthcare Market by Component
6.1 Asia Pacific Software Market by Country
6.2 Asia Pacific Services Market by Country
Chapter 7. Asia Pacific Digital Twins in Healthcare Market by End User
7.1 Asia Pacific Providers Market by Country
7.2 Asia Pacific Pharma & Biopharma Companies Market by Country
7.3 Asia Pacific Research & Academia Market by Country
7.4 Asia Pacific Medical Device Companies Market by Country
7.5 Asia Pacific Others Market by Country
Chapter 8. Asia Pacific Digital Twins in Healthcare Market by Country
8.1 China Digital Twins in Healthcare Market
8.1.1 China Digital Twins in Healthcare Market by Application
8.1.2 China Digital Twins in Healthcare Market by Component
8.1.3 China Digital Twins in Healthcare Market by End User
8.2 Japan Digital Twins in Healthcare Market
8.2.1 Japan Digital Twins in Healthcare Market by Application
8.2.2 Japan Digital Twins in Healthcare Market by Component
8.2.3 Japan Digital Twins in Healthcare Market by End User
8.3 India Digital Twins in Healthcare Market
8.3.1 India Digital Twins in Healthcare Market by Application
8.3.2 India Digital Twins in Healthcare Market by Component
8.3.3 India Digital Twins in Healthcare Market by End User
8.4 South Korea Digital Twins in Healthcare Market
8.4.1 South Korea Digital Twins in Healthcare Market by Application
8.4.2 South Korea Digital Twins in Healthcare Market by Component
8.4.3 South Korea Digital Twins in Healthcare Market by End User
8.5 Singapore Digital Twins in Healthcare Market
8.5.1 Singapore Digital Twins in Healthcare Market by Application
8.5.2 Singapore Digital Twins in Healthcare Market by Component
8.5.3 Singapore Digital Twins in Healthcare Market by End User
8.6 Malaysia Digital Twins in Healthcare Market
8.6.1 Malaysia Digital Twins in Healthcare Market by Application
8.6.2 Malaysia Digital Twins in Healthcare Market by Component
8.6.3 Malaysia Digital Twins in Healthcare Market by End User
8.7 Rest of Asia Pacific Digital Twins in Healthcare Market
8.7.1 Rest of Asia Pacific Digital Twins in Healthcare Market by Application
8.7.2 Rest of Asia Pacific Digital Twins in Healthcare Market by Component
8.7.3 Rest of Asia Pacific Digital Twins in Healthcare Market by End User
Chapter 9. Company Profiles
9.1 Microsoft Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 Siemens Healthineers AG (Siemens AG)
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Acquisition and Mergers:
9.2.6 SWOT Analysis
9.3 NVIDIA Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.3.6 SWOT Analysis
9.4 IBM Corporation
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional & Segmental Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.6 SWOT Analysis
9.5 Oracle Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.6 SWOT Analysis
9.6 Amazon Web Services, Inc. (Amazon.com, Inc.)
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental Analysis
9.6.4 Recent strategies and developments:
9.6.4.1 Partnerships, Collaborations, and Agreements:
9.6.5 SWOT Analysis
9.7 SAP SE
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.6 SWOT Analysis
9.8 Dassault Systemes SE
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Product Category and Regional Analysis
9.8.4 Research & Development Expense
9.8.5 Recent strategies and developments:
9.8.5.1 Partnerships, Collaborations, and Agreements:
9.8.6 SWOT Analysis
9.9 Koninklijke Philips N.V.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expense
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.9.6 SWOT Analysis
9.10. GE HealthCare Technologies, Inc.
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expenses
9.10.5 Recent strategies and developments:
9.10.5.1 Product Launches and Product Expansions:
9.10.6 SWOT Analysis
Chapter 10. Winning Imperatives for Digital Twins in Healthcare Market in Asia Pacific
TABLE 1 Asia Pacific Digital Twins in Healthcare Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Digital Twins in Healthcare Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Digital Twins in Healthcare Market
TABLE 4 Product Launches And Product Expansions– Digital Twins in Healthcare Market
TABLE 5 Acquisition and Mergers– Digital Twins in Healthcare Market
TABLE 6 Asia Pacific Digital Twins in Healthcare Market by Application, 2019 - 2022, USD Million
TABLE 7 Asia Pacific Digital Twins in Healthcare Market by Application, 2023 - 2030, USD Million
TABLE 8 Asia Pacific Healthcare Workflow Optimization & Asset Management Market by Country, 2019 - 2022, USD Million
TABLE 9 Asia Pacific Healthcare Workflow Optimization & Asset Management Market by Country, 2023 - 2030, USD Million
TABLE 10 Asia Pacific Personalized Medicine Market by Country, 2019 - 2022, USD Million
TABLE 11 Asia Pacific Personalized Medicine Market by Country, 2023 - 2030, USD Million
TABLE 12 Asia Pacific Drug Discovery & Development Market by Country, 2019 - 2022, USD Million
TABLE 13 Asia Pacific Drug Discovery & Development Market by Country, 2023 - 2030, USD Million
TABLE 14 Asia Pacific Medical Device Design & Testing Market by Country, 2019 - 2022, USD Million
TABLE 15 Asia Pacific Medical Device Design & Testing Market by Country, 2023 - 2030, USD Million
TABLE 16 Asia Pacific Surgical Planning & Medical Education Market by Country, 2019 - 2022, USD Million
TABLE 17 Asia Pacific Surgical Planning & Medical Education Market by Country, 2023 - 2030, USD Million
TABLE 18 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 19 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 20 Asia Pacific Digital Twins in Healthcare Market by Component, 2019 - 2022, USD Million
TABLE 21 Asia Pacific Digital Twins in Healthcare Market by Component, 2023 - 2030, USD Million
TABLE 22 Asia Pacific Software Market by Country, 2019 - 2022, USD Million
TABLE 23 Asia Pacific Software Market by Country, 2023 - 2030, USD Million
TABLE 24 Asia Pacific Services Market by Country, 2019 - 2022, USD Million
TABLE 25 Asia Pacific Services Market by Country, 2023 - 2030, USD Million
TABLE 26 Asia Pacific Digital Twins in Healthcare Market by End User, 2019 - 2022, USD Million
TABLE 27 Asia Pacific Digital Twins in Healthcare Market by End User, 2023 - 2030, USD Million
TABLE 28 Asia Pacific Providers Market by Country, 2019 - 2022, USD Million
TABLE 29 Asia Pacific Providers Market by Country, 2023 - 2030, USD Million
TABLE 30 Asia Pacific Pharma & Biopharma Companies Market by Country, 2019 - 2022, USD Million
TABLE 31 Asia Pacific Pharma & Biopharma Companies Market by Country, 2023 - 2030, USD Million
TABLE 32 Asia Pacific Research & Academia Market by Country, 2019 - 2022, USD Million
TABLE 33 Asia Pacific Research & Academia Market by Country, 2023 - 2030, USD Million
TABLE 34 Asia Pacific Medical Device Companies Market by Country, 2019 - 2022, USD Million
TABLE 35 Asia Pacific Medical Device Companies Market by Country, 2023 - 2030, USD Million
TABLE 36 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 37 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 38 Asia Pacific Digital Twins in Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 39 Asia Pacific Digital Twins in Healthcare Market by Country, 2023 - 2030, USD Million
TABLE 40 China Digital Twins in Healthcare Market, 2019 - 2022, USD Million
TABLE 41 China Digital Twins in Healthcare Market, 2023 - 2030, USD Million
TABLE 42 China Digital Twins in Healthcare Market by Application, 2019 - 2022, USD Million
TABLE 43 China Digital Twins in Healthcare Market by Application, 2023 - 2030, USD Million
TABLE 44 China Digital Twins in Healthcare Market by Component, 2019 - 2022, USD Million
TABLE 45 China Digital Twins in Healthcare Market by Component, 2023 - 2030, USD Million
TABLE 46 China Digital Twins in Healthcare Market by End User, 2019 - 2022, USD Million
TABLE 47 China Digital Twins in Healthcare Market by End User, 2023 - 2030, USD Million
TABLE 48 Japan Digital Twins in Healthcare Market, 2019 - 2022, USD Million
TABLE 49 Japan Digital Twins in Healthcare Market, 2023 - 2030, USD Million
TABLE 50 Japan Digital Twins in Healthcare Market by Application, 2019 - 2022, USD Million
TABLE 51 Japan Digital Twins in Healthcare Market by Application, 2023 - 2030, USD Million
TABLE 52 Japan Digital Twins in Healthcare Market by Component, 2019 - 2022, USD Million
TABLE 53 Japan Digital Twins in Healthcare Market by Component, 2023 - 2030, USD Million
TABLE 54 Japan Digital Twins in Healthcare Market by End User, 2019 - 2022, USD Million
TABLE 55 Japan Digital Twins in Healthcare Market by End User, 2023 - 2030, USD Million
TABLE 56 India Digital Twins in Healthcare Market, 2019 - 2022, USD Million
TABLE 57 India Digital Twins in Healthcare Market, 2023 - 2030, USD Million
TABLE 58 India Digital Twins in Healthcare Market by Application, 2019 - 2022, USD Million
TABLE 59 India Digital Twins in Healthcare Market by Application, 2023 - 2030, USD Million
TABLE 60 India Digital Twins in Healthcare Market by Component, 2019 - 2022, USD Million
TABLE 61 India Digital Twins in Healthcare Market by Component, 2023 - 2030, USD Million
TABLE 62 India Digital Twins in Healthcare Market by End User, 2019 - 2022, USD Million
TABLE 63 India Digital Twins in Healthcare Market by End User, 2023 - 2030, USD Million
TABLE 64 South Korea Digital Twins in Healthcare Market, 2019 - 2022, USD Million
TABLE 65 South Korea Digital Twins in Healthcare Market, 2023 - 2030, USD Million
TABLE 66 South Korea Digital Twins in Healthcare Market by Application, 2019 - 2022, USD Million
TABLE 67 South Korea Digital Twins in Healthcare Market by Application, 2023 - 2030, USD Million
TABLE 68 South Korea Digital Twins in Healthcare Market by Component, 2019 - 2022, USD Million
TABLE 69 South Korea Digital Twins in Healthcare Market by Component, 2023 - 2030, USD Million
TABLE 70 South Korea Digital Twins in Healthcare Market by End User, 2019 - 2022, USD Million
TABLE 71 South Korea Digital Twins in Healthcare Market by End User, 2023 - 2030, USD Million
TABLE 72 Singapore Digital Twins in Healthcare Market, 2019 - 2022, USD Million
TABLE 73 Singapore Digital Twins in Healthcare Market, 2023 - 2030, USD Million
TABLE 74 Singapore Digital Twins in Healthcare Market by Application, 2019 - 2022, USD Million
TABLE 75 Singapore Digital Twins in Healthcare Market by Application, 2023 - 2030, USD Million
TABLE 76 Singapore Digital Twins in Healthcare Market by Component, 2019 - 2022, USD Million
TABLE 77 Singapore Digital Twins in Healthcare Market by Component, 2023 - 2030, USD Million
TABLE 78 Singapore Digital Twins in Healthcare Market by End User, 2019 - 2022, USD Million
TABLE 79 Singapore Digital Twins in Healthcare Market by End User, 2023 - 2030, USD Million
TABLE 80 Malaysia Digital Twins in Healthcare Market, 2019 - 2022, USD Million
TABLE 81 Malaysia Digital Twins in Healthcare Market, 2023 - 2030, USD Million
TABLE 82 Malaysia Digital Twins in Healthcare Market by Application, 2019 - 2022, USD Million
TABLE 83 Malaysia Digital Twins in Healthcare Market by Application, 2023 - 2030, USD Million
TABLE 84 Malaysia Digital Twins in Healthcare Market by Component, 2019 - 2022, USD Million
TABLE 85 Malaysia Digital Twins in Healthcare Market by Component, 2023 - 2030, USD Million
TABLE 86 Malaysia Digital Twins in Healthcare Market by End User, 2019 - 2022, USD Million
TABLE 87 Malaysia Digital Twins in Healthcare Market by End User, 2023 - 2030, USD Million
TABLE 88 Rest of Asia Pacific Digital Twins in Healthcare Market, 2019 - 2022, USD Million
TABLE 89 Rest of Asia Pacific Digital Twins in Healthcare Market, 2023 - 2030, USD Million
TABLE 90 Rest of Asia Pacific Digital Twins in Healthcare Market by Application, 2019 - 2022, USD Million
TABLE 91 Rest of Asia Pacific Digital Twins in Healthcare Market by Application, 2023 - 2030, USD Million
TABLE 92 Rest of Asia Pacific Digital Twins in Healthcare Market by Component, 2019 - 2022, USD Million
TABLE 93 Rest of Asia Pacific Digital Twins in Healthcare Market by Component, 2023 - 2030, USD Million
TABLE 94 Rest of Asia Pacific Digital Twins in Healthcare Market by End User, 2019 - 2022, USD Million
TABLE 95 Rest of Asia Pacific Digital Twins in Healthcare Market by End User, 2023 - 2030, USD Million
TABLE 96 key information – Microsoft Corporation
TABLE 97 Key Information – Siemens Healthineers AG
TABLE 98 Key Information – NVIDIA Corporation
TABLE 99 Key information – IBM Corporation
TABLE 100 Key Information – Oracle Corporation
TABLE 101 Key Information – Amazon Web Services, Inc.
TABLE 102 Key Information – SAP SE
TABLE 103 Key Information – Dassault Systemes SE
TABLE 104 Key Information – Koninklijke Philips N.V.
TABLE 105 Key Information – GE HealthCare Technologies, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Digital Twins in Healthcare Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Digital Twins in Healthcare Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 6 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2020, May – 2023, Jun) Leading Players
FIG 7 Porter’s Five Force Analysis: Digital Twins in Healthcare Market
FIG 8 Asia Pacific Digital Twins in Healthcare Market share by Application, 2022
FIG 9 Asia Pacific Digital Twins in Healthcare Market share by Application, 2030
FIG 10 Asia Pacific Digital Twins in Healthcare Market by Application, 2019 - 2030, USD Million
FIG 11 Asia Pacific Digital Twins in Healthcare Market share by Component, 2022
FIG 12 Asia Pacific Digital Twins in Healthcare Market share by Component, 2030
FIG 13 Asia Pacific Digital Twins in Healthcare Market by Component, 2019 - 2030, USD Million
FIG 14 Asia Pacific Digital Twins in Healthcare Market share by End User, 2022
FIG 15 Asia Pacific Digital Twins in Healthcare Market share by End User, 2030
FIG 16 Asia Pacific Digital Twins in Healthcare Market by End User, 2019 - 2030, USD Million
FIG 17 Asia Pacific Digital Twins in Healthcare Market share by Country, 2022
FIG 18 Asia Pacific Digital Twins in Healthcare Market share by Country, 2030
FIG 19 Asia Pacific Digital Twins in Healthcare Market by Country, 2019 - 2030, USD Million
FIG 20 Recent strategies and developments: Microsoft Corporation
FIG 21 SWOT Analysis: Microsoft Corporation
FIG 22 Recent strategies and developments: Siemens Healthineers AG
FIG 23 Swot analysis: Siemens AG
FIG 24 Recent strategies and developments: NVIDIA Corporation
FIG 25 SWOT Analysis: NVIDIA Corporation
FIG 26 Swot Analysis: IBM Corporation
FIG 27 SWOT analysis: Oracle Corporation
FIG 28 SWOT analysis: Amazon.com, Inc.
FIG 29 SWOT Analysis: SAP SE
FIG 30 SWOT Analysis: Dassault Systemes SE
FIG 31 SWOT Analysis: Koninklijke Philips N.V.
FIG 32 SWOT Analysis: GE HealthCare Technologies, Inc.