Healthcare Digital Twins Outlook in Healthcare, 2019—2025

Opportunities for Growth in Healthcare Digital Analytics

INDUSTRY
Healthcare
SECTOR
Life Sciences

RELEASE DATE
16-Sep-2019
REGION
North America
DELIVERABLE TYPE
Market Research

RESEARCH CODE
9837-00-FB-00-00
SKU
HC03213-NA-MR_23563
Yes
SHARE

Digital Twins Outlook in Healthcare, 2019—2025
Published on: 16-Sep-2019 | SKU: HC03213-NA-MR_23563

Need more details?
$1,500.00
DownloadLink
Need more details?

Digital Twin technology, or the application of predictive analytics to fields as diverse as manufacturing and space science, is now being considered in the context of healthcare. The attraction is obvious: if one can develop a computer model of a patient, perhaps one can test treatments on the model before applying them to the individual. Rather than using a patient as a beta test for a clinical approach, potential complications can be identified before they can become life threatening. Treatments could be optimized, then applied. At least, that is the hope.

Unfortunately, early results have not been so promising because it is extremely hard to model an individual patient. Not only is the required data pervasive, but any attempt to collect enough data to populate a numerical model has the potential of adversely impacting, perhaps even killing, the patient. This has led many medical experts to totally discount the possibility of ever applying Digital Twins to healthcare.

However, Frost & Sullivan believes that Digital Twin technology does have a place in the delivery of healthcare. Rather than thinking in terms of modeling the individual, a Digital Twin that models a population or a process has the potential of vastly improving both the healthcare delivery process as well as the decisions of the clinician. The trick, of course, is in identifying appropriate targets of opportunity.


Digital Twins are not simply marketing hype: they are the next stage of advanced analytics and they bring the concepts of predictive analytics to the healthcare space. While humans are usually not amenable to the sort of detailed analysis that a manufacturing process might entail, there are many places in the clinical workflow that a Digital Twin approach will offer insights that can drive efficiency and efficacy improvements.

Frost & Sullivan believes that there are significant growth opportunities in the digital health market. For independent software vendors (ISVs), there is a largely unsatisfied need for Digital Twin technology that is easy to use and self-configuring. Large IT solution providers that can integrate Digital Twins into their current offerings will also find an increasingly interested market. However, these opportunities should be considered tempered by the need to satisfy the stringent demands of the healthcare environment. The closer a Digital Twin is to a diagnostic tool, the more likely regulators will demand oversight.

In spite of its promise, Digital Twins are not a panacea and when used in something as potentially life-impacting as healthcare delivery, they demand the involvement of informed decision-makers. Digital Twins are simply a tool that can offer insight and should not be trusted as the sole arbiter of patient treatment. Nevertheless, a Digital Twin can be of great value simply by its ability to provide a baseline against which clinical decisions can be compared. In this sense, as a tool for public health applications, Digital Twins can improve the display and evaluation of patient data.

At this point though, the most valuable healthcare application of Digital Twins may be associated with the improvement of process. As this report has demonstrated, process improvements alone may justify the expense of adopting this technology. Digital Twins will initially prove themselves in healthcare as cost reduction and revenue-enhancing tools—ultimately, they will be a way to improve the patient-physician relationship.

Author: Michael Jude


Have questions about this research or need deeper insights?
Speak directly with our analytics experts for tailored recommendations.

Recent related Life Sciences research

13 Jan 2025   |   Global   |   Market Outlook

Top 6 Growth Opportunities for the Digital Health Industry, 2025

Driven by digital advancements, the healthcare industry is transforming rapidly. Current trends and challenges create constant change, and industry stakeholders must adapt to remain attractive, competitive, and unique as robust organizations. Each year, competitors must gain a fresh, comprehensive v...

17 Dec 2024   |   Global   |   Market Research

Cybersecurity in Healthcare, United States, 2024

Healthcare is the industry most affected by cyberattacks, which have targets like hospitals, healthcare organizations, patient databases, and connected devices. These attacks not only destabilize healthcare systems but also threaten care delivery and patient safety. The global healthcare infrastruct...

12 Dec 2024   |   Global   |   Market Outlook

Top 6 Growth Opportunities for Clinical Diagnostics, Global, 2025

Accounting for 2%-3% of total healthcare expenditure and influencing 70% of clinical decision-making, diagnostics is the silent champion supporting all stages of precision health, including risk stratification, screening, early diagnosis, prognosis, monitoring, and relapse. The discovery and trans...

05 Dec 2024   |   Global   |   Frost Radar

Frost Radar™: Enterprise Conversational AI in Healthcare, 2024

This Frost Radar™ benchmarks the companies and their solutions that allow healthcare payers and providers to create next-generation virtual assistants. Conversational AI is primarily used to streamline patient and provider processes and interactions across the care continuum—the pre-care, at-care, a...

27 Nov 2024   |   Global   |   Market Research

Generative AI in Payer and Provider IT Transformation, Global, 2024-2029

The healthcare payer and provider industry is gradually adopting generative artificial intelligence (Gen AI) solutions across its value chain. Almost all organizations have shown an intent to implement Gen AI-based solutions in their products or processes, with a few already embarking on this journe...

 

Purchase includes:
  • Report download
  • Growth Dialog™ with our experts

Growth Dialog™

A tailored session with you where we identify the:
  • Strategic Imperatives
  • Growth Opportunities
  • Best Practices
  • Companies to Action

Impacting your company's future growth potential.

Digital Twin technology, or the application of predictive analytics to fields as diverse as manufacturing and space science, is now being considered in the context of healthcare. The attraction is obvious: if one can develop a computer model of a patient, perhaps one can test treatments on the model before applying them to the individual. Rather than using a patient as a beta test for a clinical approach, potential complications can be identified before they can become life threatening. Treatments could be optimized, then applied. At least, that is the hope. Unfortunately, early results have not been so promising because it is extremely hard to model an individual patient. Not only is the required data pervasive, but any attempt to collect enough data to populate a numerical model has the potential of adversely impacting, perhaps even killing, the patient. This has led many medical experts to totally discount the possibility of ever applying Digital Twins to healthcare. However, Frost & Sullivan believes that Digital Twin technology does have a place in the delivery of healthcare. Rather than thinking in terms of modeling the individual, a Digital Twin that models a population or a process has the potential of vastly improving both the healthcare delivery process as well as the decisions of the clinician. The trick, of course, is in identifying appropriate targets of opportunity. Digital Twins are not simply marketing hype: they are the next stage of advanced analytics and they bring the concepts of predictive analytics to the healthcare space. While humans are usually not amenable to the sort of detailed analysis that a manufacturing process might entail, there are many places in the clinical workflow that a Digital Twin approach will offer insights that can drive efficiency and efficacy improvements. Frost & Sullivan believes that there are significant growth opportunities in the digital health market. For independent software vendors (ISVs), there is a largely unsatisfied need for Digital Twin technology that is easy to use and self-configuring. Large IT solution providers that can integrate Digital Twins into their current offerings will also find an increasingly interested market. However, these opportunities should be considered tempered by the need to satisfy the stringent demands of the healthcare environment. The closer a Digital Twin is to a diagnostic tool, the more likely regulators will demand oversight. In spite of its promise, Digital Twins are not a panacea and when used in something as potentially life-impacting as healthcare delivery, they demand the involvement of informed decision-makers. Digital Twins are simply a tool that can offer insight and should not be trusted as the sole arbiter of patient treatment. Nevertheless, a Digital Twin can be of great value simply by its ability to provide a baseline against which clinical decisions can be compared. In this sense, as a tool for public health applications, Digital Twins can improve the display and evaluation of patient data. At this point though, the most valuable healthcare application of Digital Twins may be associated with the improvement of process. As this report has demonstrated, process improvements alone may justify the expense of adopting this technology. Digital Twins will initially prove themselves in healthcare as cost reduction and revenue-enhancing tools—ultimately, they will be a way to improve the patient-physician relationship. Author: Michael Jude
More Information
Deliverable Type Market Research
No Index No
Podcast No
Author Michael Jude
Industries Healthcare
WIP Number 9837-00-FB-00-00
Is Prebook No
GPS Codes 9564-B1,9600-B1,9612-B1,9837-B1

Digital Twins Outlook in Healthcare, 2019—2025

$1,500.00
In stock
SKU
HC03213-NA-MR_23563