The Latin America, Middle East and Africa Digital Twins in Healthcare Market would witness market growth of 56.4% CAGR during the forecast period (2023-2030).
Digital twins enable the collecting and using important data (such as oxygen levels, blood pressure, etc.) at the individual level, allowing people to track persistent diseases and, as a result, their priorities, and contacts with doctors by offering fundamental knowledge. Therefore, these individualized data form the foundation of laboratory research & clinical studies. Doctors do not base their treatments on huge samples since they treat each patient individually. Instead, they use specialized simulations to monitor how each patient responds to various treatments, which improves the entire treatment plan's accuracy.
Key participants in the market have investment potential due to the increased interest in and quantity of work being put into personalized treatment in recent years. Adopting a real-time interactive & integrated method for data collection, successful interventions, and providing real-time data-supported feedback are all ways that digital twins support the transformation of the healthcare sector. The demand for this technology is predicted to increase with the growing use of medical records, mobile applications, sensors, and wearables in the healthcare sector to monitor patient data. These applications' data can be utilized to create simulations that test medications and medical equipment.
The UAE spent $13.7 billion (AED 50.3 billion) on health in 2018, as reported by the International Trade Association. This comprises the seven emirates' contributions to the federal budget, as well as their, outlays on healthcare. This amount is anticipated to increase by 5.4% in 2019 to $14.4 billion (AED 53 billion). By 2023, spending is expected to increase to $18.3 billion (AED 67.2 billion), which amounts to a 6% annual compound growth rate in local money and US dollars. Dubai should become a regional hub for top-notch healthcare, so the UAE government is working to increase the number of medical tourists visiting the country. This will lead to a rise in the use of digital twin technology, which will boost the market.
The Brazil market dominated the LAMEA 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 $476.4 million by 2030. The Argentina market is experiencing a CAGR of 57.3% during (2023 - 2030). Additionally, The UAE market would display a CAGR of 56% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Digital Twins in Healthcare Market, by Application
1.4.2 LAMEA Digital Twins in Healthcare Market, by Component
1.4.3 LAMEA Digital Twins in Healthcare Market, by End User
1.4.4 LAMEA 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. LAMEA Digital Twins in Healthcare Market by Application
5.1 LAMEA Healthcare Workflow Optimization & Asset Management Market by Country
5.2 LAMEA Personalized Medicine Market by Country
5.3 LAMEA Drug Discovery & Development Market by Country
5.4 LAMEA Medical Device Design & Testing Market by Country
5.5 LAMEA Surgical Planning & Medical Education Market by Country
5.6 LAMEA Others Market by Country
Chapter 6. LAMEA Digital Twins in Healthcare Market by Component
6.1 LAMEA Software Market by Country
6.2 LAMEA Services Market by Country
Chapter 7. LAMEA Digital Twins in Healthcare Market by End User
7.1 LAMEA Providers Market by Country
7.2 LAMEA Pharma & Biopharma Companies Market by Country
7.3 LAMEA Research & Academia Market by Country
7.4 LAMEA Medical Device Companies Market by Country
7.5 LAMEA Others Market by Country
Chapter 8. LAMEA Digital Twins in Healthcare Market by Country
8.1 Brazil Digital Twins in Healthcare Market
8.1.1 Brazil Digital Twins in Healthcare Market by Application
8.1.2 Brazil Digital Twins in Healthcare Market by Component
8.1.3 Brazil Digital Twins in Healthcare Market by End User
8.2 Argentina Digital Twins in Healthcare Market
8.2.1 Argentina Digital Twins in Healthcare Market by Application
8.2.2 Argentina Digital Twins in Healthcare Market by Component
8.2.3 Argentina Digital Twins in Healthcare Market by End User
8.3 UAE Digital Twins in Healthcare Market
8.3.1 UAE Digital Twins in Healthcare Market by Application
8.3.2 UAE Digital Twins in Healthcare Market by Component
8.3.3 UAE Digital Twins in Healthcare Market by End User
8.4 Saudi Arabia Digital Twins in Healthcare Market
8.4.1 Saudi Arabia Digital Twins in Healthcare Market by Application
8.4.2 Saudi Arabia Digital Twins in Healthcare Market by Component
8.4.3 Saudi Arabia Digital Twins in Healthcare Market by End User
8.5 South Africa Digital Twins in Healthcare Market
8.5.1 South Africa Digital Twins in Healthcare Market by Application
8.5.2 South Africa Digital Twins in Healthcare Market by Component
8.5.3 South Africa Digital Twins in Healthcare Market by End User
8.6 Nigeria Digital Twins in Healthcare Market
8.6.1 Nigeria Digital Twins in Healthcare Market by Application
8.6.2 Nigeria Digital Twins in Healthcare Market by Component
8.6.3 Nigeria Digital Twins in Healthcare Market by End User
8.7 Rest of LAMEA Digital Twins in Healthcare Market
8.7.1 Rest of LAMEA Digital Twins in Healthcare Market by Application
8.7.2 Rest of LAMEA Digital Twins in Healthcare Market by Component
8.7.3 Rest of LAMEA 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 Latin America, Middle East and Africa
TABLE 1 LAMEA Digital Twins in Healthcare Market, 2019 - 2022, USD Million
TABLE 2 LAMEA 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 LAMEA Digital Twins in Healthcare Market by Application, 2019 - 2022, USD Million
TABLE 7 LAMEA Digital Twins in Healthcare Market by Application, 2023 - 2030, USD Million
TABLE 8 LAMEA Healthcare Workflow Optimization & Asset Management Market by Country, 2019 - 2022, USD Million
TABLE 9 LAMEA Healthcare Workflow Optimization & Asset Management Market by Country, 2023 - 2030, USD Million
TABLE 10 LAMEA Personalized Medicine Market by Country, 2019 - 2022, USD Million
TABLE 11 LAMEA Personalized Medicine Market by Country, 2023 - 2030, USD Million
TABLE 12 LAMEA Drug Discovery & Development Market by Country, 2019 - 2022, USD Million
TABLE 13 LAMEA Drug Discovery & Development Market by Country, 2023 - 2030, USD Million
TABLE 14 LAMEA Medical Device Design & Testing Market by Country, 2019 - 2022, USD Million
TABLE 15 LAMEA Medical Device Design & Testing Market by Country, 2023 - 2030, USD Million
TABLE 16 LAMEA Surgical Planning & Medical Education Market by Country, 2019 - 2022, USD Million
TABLE 17 LAMEA Surgical Planning & Medical Education Market by Country, 2023 - 2030, USD Million
TABLE 18 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 19 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 20 LAMEA Digital Twins in Healthcare Market by Component, 2019 - 2022, USD Million
TABLE 21 LAMEA Digital Twins in Healthcare Market by Component, 2023 - 2030, USD Million
TABLE 22 LAMEA Software Market by Country, 2019 - 2022, USD Million
TABLE 23 LAMEA Software Market by Country, 2023 - 2030, USD Million
TABLE 24 LAMEA Services Market by Country, 2019 - 2022, USD Million
TABLE 25 LAMEA Services Market by Country, 2023 - 2030, USD Million
TABLE 26 LAMEA Digital Twins in Healthcare Market by End User, 2019 - 2022, USD Million
TABLE 27 LAMEA Digital Twins in Healthcare Market by End User, 2023 - 2030, USD Million
TABLE 28 LAMEA Providers Market by Country, 2019 - 2022, USD Million
TABLE 29 LAMEA Providers Market by Country, 2023 - 2030, USD Million
TABLE 30 LAMEA Pharma & Biopharma Companies Market by Country, 2019 - 2022, USD Million
TABLE 31 LAMEA Pharma & Biopharma Companies Market by Country, 2023 - 2030, USD Million
TABLE 32 LAMEA Research & Academia Market by Country, 2019 - 2022, USD Million
TABLE 33 LAMEA Research & Academia Market by Country, 2023 - 2030, USD Million
TABLE 34 LAMEA Medical Device Companies Market by Country, 2019 - 2022, USD Million
TABLE 35 LAMEA Medical Device Companies Market by Country, 2023 - 2030, USD Million
TABLE 36 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 37 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 38 LAMEA Digital Twins in Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 39 LAMEA Digital Twins in Healthcare Market by Country, 2023 - 2030, USD Million
TABLE 40 Brazil Digital Twins in Healthcare Market, 2019 - 2022, USD Million
TABLE 41 Brazil Digital Twins in Healthcare Market, 2023 - 2030, USD Million
TABLE 42 Brazil Digital Twins in Healthcare Market by Application, 2019 - 2022, USD Million
TABLE 43 Brazil Digital Twins in Healthcare Market by Application, 2023 - 2030, USD Million
TABLE 44 Brazil Digital Twins in Healthcare Market by Component, 2019 - 2022, USD Million
TABLE 45 Brazil Digital Twins in Healthcare Market by Component, 2023 - 2030, USD Million
TABLE 46 Brazil Digital Twins in Healthcare Market by End User, 2019 - 2022, USD Million
TABLE 47 Brazil Digital Twins in Healthcare Market by End User, 2023 - 2030, USD Million
TABLE 48 Argentina Digital Twins in Healthcare Market, 2019 - 2022, USD Million
TABLE 49 Argentina Digital Twins in Healthcare Market, 2023 - 2030, USD Million
TABLE 50 Argentina Digital Twins in Healthcare Market by Application, 2019 - 2022, USD Million
TABLE 51 Argentina Digital Twins in Healthcare Market by Application, 2023 - 2030, USD Million
TABLE 52 Argentina Digital Twins in Healthcare Market by Component, 2019 - 2022, USD Million
TABLE 53 Argentina Digital Twins in Healthcare Market by Component, 2023 - 2030, USD Million
TABLE 54 Argentina Digital Twins in Healthcare Market by End User, 2019 - 2022, USD Million
TABLE 55 Argentina Digital Twins in Healthcare Market by End User, 2023 - 2030, USD Million
TABLE 56 UAE Digital Twins in Healthcare Market, 2019 - 2022, USD Million
TABLE 57 UAE Digital Twins in Healthcare Market, 2023 - 2030, USD Million
TABLE 58 UAE Digital Twins in Healthcare Market by Application, 2019 - 2022, USD Million
TABLE 59 UAE Digital Twins in Healthcare Market by Application, 2023 - 2030, USD Million
TABLE 60 UAE Digital Twins in Healthcare Market by Component, 2019 - 2022, USD Million
TABLE 61 UAE Digital Twins in Healthcare Market by Component, 2023 - 2030, USD Million
TABLE 62 UAE Digital Twins in Healthcare Market by End User, 2019 - 2022, USD Million
TABLE 63 UAE Digital Twins in Healthcare Market by End User, 2023 - 2030, USD Million
TABLE 64 Saudi Arabia Digital Twins in Healthcare Market, 2019 - 2022, USD Million
TABLE 65 Saudi Arabia Digital Twins in Healthcare Market, 2023 - 2030, USD Million
TABLE 66 Saudi Arabia Digital Twins in Healthcare Market by Application, 2019 - 2022, USD Million
TABLE 67 Saudi Arabia Digital Twins in Healthcare Market by Application, 2023 - 2030, USD Million
TABLE 68 Saudi Arabia Digital Twins in Healthcare Market by Component, 2019 - 2022, USD Million
TABLE 69 Saudi Arabia Digital Twins in Healthcare Market by Component, 2023 - 2030, USD Million
TABLE 70 Saudi Arabia Digital Twins in Healthcare Market by End User, 2019 - 2022, USD Million
TABLE 71 Saudi Arabia Digital Twins in Healthcare Market by End User, 2023 - 2030, USD Million
TABLE 72 South Africa Digital Twins in Healthcare Market, 2019 - 2022, USD Million
TABLE 73 South Africa Digital Twins in Healthcare Market, 2023 - 2030, USD Million
TABLE 74 South Africa Digital Twins in Healthcare Market by Application, 2019 - 2022, USD Million
TABLE 75 South Africa Digital Twins in Healthcare Market by Application, 2023 - 2030, USD Million
TABLE 76 South Africa Digital Twins in Healthcare Market by Component, 2019 - 2022, USD Million
TABLE 77 South Africa Digital Twins in Healthcare Market by Component, 2023 - 2030, USD Million
TABLE 78 South Africa Digital Twins in Healthcare Market by End User, 2019 - 2022, USD Million
TABLE 79 South Africa Digital Twins in Healthcare Market by End User, 2023 - 2030, USD Million
TABLE 80 Nigeria Digital Twins in Healthcare Market, 2019 - 2022, USD Million
TABLE 81 Nigeria Digital Twins in Healthcare Market, 2023 - 2030, USD Million
TABLE 82 Nigeria Digital Twins in Healthcare Market by Application, 2019 - 2022, USD Million
TABLE 83 Nigeria Digital Twins in Healthcare Market by Application, 2023 - 2030, USD Million
TABLE 84 Nigeria Digital Twins in Healthcare Market by Component, 2019 - 2022, USD Million
TABLE 85 Nigeria Digital Twins in Healthcare Market by Component, 2023 - 2030, USD Million
TABLE 86 Nigeria Digital Twins in Healthcare Market by End User, 2019 - 2022, USD Million
TABLE 87 Nigeria Digital Twins in Healthcare Market by End User, 2023 - 2030, USD Million
TABLE 88 Rest of LAMEA Digital Twins in Healthcare Market, 2019 - 2022, USD Million
TABLE 89 Rest of LAMEA Digital Twins in Healthcare Market, 2023 - 2030, USD Million
TABLE 90 Rest of LAMEA Digital Twins in Healthcare Market by Application, 2019 - 2022, USD Million
TABLE 91 Rest of LAMEA Digital Twins in Healthcare Market by Application, 2023 - 2030, USD Million
TABLE 92 Rest of LAMEA Digital Twins in Healthcare Market by Component, 2019 - 2022, USD Million
TABLE 93 Rest of LAMEA Digital Twins in Healthcare Market by Component, 2023 - 2030, USD Million
TABLE 94 Rest of LAMEA Digital Twins in Healthcare Market by End User, 2019 - 2022, USD Million
TABLE 95 Rest of LAMEA 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 LAMEA Digital Twins in Healthcare Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Digital Twins in Healthcare
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 LAMEA Digital Twins in Healthcare Market share by Application, 2022
FIG 9 LAMEA Digital Twins in Healthcare Market share by Application, 2030
FIG 10 LAMEA Digital Twins in Healthcare Market by Application, 2019 - 2030, USD Million
FIG 11 LAMEA Digital Twins in Healthcare Market share by Component, 2022
FIG 12 LAMEA Digital Twins in Healthcare Market share by Component, 2030
FIG 13 LAMEA Digital Twins in Healthcare Market by Component, 2019 - 2030, USD Million
FIG 14 LAMEA Digital Twins in Healthcare Market share by End User, 2022
FIG 15 LAMEA Digital Twins in Healthcare Market share by End User, 2030
FIG 16 LAMEA Digital Twins in Healthcare Market by End User, 2019 - 2030, USD Million
FIG 17 LAMEA Digital Twins in Healthcare Market share by Country, 2022
FIG 18 LAMEA Digital Twins in Healthcare Market share by Country, 2030
FIG 19 LAMEA 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.