Digital therapeutics offer patients with therapeutic interventions that are evidence-based and are driven by superior quality software programs for preventing, managing, or treating a disease or medical disorder. They are used together with other therapies, devices or medications, or independently for optimizing health outcomes and patient care.
The global digital therapeutics market size is anticipated to grow at a favorable CAGR between 2018-2023, as per the latest MRFR’s digital therapeutics statistics.
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Various factors are propelling the digital therapeutics market growth.
Top Industry Key Players
Notable players profiled in the digital therapeutics market report include Livongo Health, Omada Health, Inc., WellDoc Inc., Noom Inc, Medtronic Plc., Canary Health Inc., Propeller Health, Mango Health, Inc., Proteus Digital Health, Inc., and Twine Health Inc.
Such factors, according to the latest Market Research Future report, include an increased requirement for reduced healthcare spending coupled with improved therapeutic outcomes, favorable initiatives undertaken by the government to reinforce the development as well as the implementation of various digital therapeutic solutions, technological advancements, growing geriatric population, and increasing prevalence of chronic diseases.
- November 2019: Astellas Pharma Inc. and Welldoc, Inc. have entered into a license agreement and collaboration for the development as well as commercialization of digital therapeutics.
Digital therapeutics Market Segmentation
The Market Research Future report offers a complete segmental analysis of the digital therapeutics market based on sales channel, type, and application.
By product, the digital therapeutics market is segmented into devices and software. Of these, the software segment will lead the market during the forecast period. The software includes various health-related platforms and apps, thus comprises the base of digital therapeutics. It helps to transmit a patient’s data to physicians from wearable devices through various electronic devices, namely tablets and mobiles.
By application, the digital therapeutics market is segmented into smoking cessation, respiratory diseases, diabetes, obesity, cardiovascular diseases, and others. Of these, the obesity segment will dominate the market during the forecast period. An increase in the obese population and a sedentary lifestyle that increases the risk of type-2 diabetes, hypertension, and stroke are adding to the market growth.
By the sales channel, the digital therapeutics market is segmented into B2C and B2B. Of these, the B2B segment will have the maximum share in the market during the forecast period.
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Digital therapeutics Market Regional Analysis
By region, the digital therapeutics market report covers the latest trends and growth opportunities across the Asia Pacific, North America, Europe, and the Rest of the World.
the growth of the digital therapeutics market in the region include expansion of healthcare sectors, the inclusion of the next-generation healthcare technology, rising investments in research and developments, rising prevention of chronic diseases, and early adoption of technology. The US is the major contributor in the market. Increasing incidence of chronic diseases, rising investments in the field of digital therapeutics, and improving reimbursement structure are the key factors boosting the growth of the US digital therapeutics market.
LIST OF TABLES
Table 1 Global Digital Therapeutics Market Synopsis, 2018–2023
Table 2 Global Digital Therapeutics Market Estimates And Forecast, 2018–2023 (USD Million)
Table 3 Global Digital Therapeutics Market, By Region, 2018–2023 (USD Million)
Table 4 Global Digital Therapeutics Market, By Product Type, 2018–2023 (USD Million)
Table 5 Global Digital Therapeutics Market, By Application, 2018–2023 (USD Million)
Table 6 Global Digital Therapeutics Market, By Sales Channel, 2018–2023 (USD Million)
…To be Continued.
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