Digital twins in healthcare market to hit $59.94b by 2030

Thanks to increased public and private investments.

The global digital twins in healthcare market is expected to reach $59.94b by 2030 at a compound annual growth rate of 68%, said MarketsandMarkets.

The sector’s expansion is attributed to increased investments from public and private entities, rising applications of digital twins, and technological developments.

“AI and machine learning algorithms can help analyse and interpret large volumes of data, identify trends, and forecast outcomes, particularly as data from sources like healthcare providers and payers become more accessible,” the report said.

By end user, the healthcare providers segment accounted for the largest share of the market in 2024 due to enhanced diagnostic capabilities of hospitals and the increasing use of telehealth and telemedicine.