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Digital twins technology initially saw application in the production and engineering fields with Industry 4.0, but it has advanced and become revolutionary in the healthcare industry. There is a strong investment focus amongst health systems as they build focus around preventative care and predictive maintenance. This investment focus will nearly triple as return on investment (ROI) becomes clearer with more DT deployment/use cases. Big OEMs along with pure play digital twin solution providers are making major tides in this niche, but strong market.

Interoperability is an essential factor to achieving a successful digital twin. Further, a strong partnership between the hospital and the technology provider, who must understand the healthcare providers’ clinical, workflow, and financial imperatives, is essential. Personalized medicine is a vital component of healthcare delivery, with all healthcare participants—life sciences companies, med-tech OEMs, and virtual care solution providers—part of the journey toward value-based care. This Is the key driving force behind the strong potential that digital twins hold.