Digital Therapeutics Market size was valued at USD 4.97 Bn. in 2022 and the total Digital Therapeutics revenue is expected to grow at a CAGR of 26.33% from 2023 to 2029, reaching nearly USD 25.55 Bn.
Digital Therapeutics Market Overview:
The competitive landscape of the Digital Therapeutics Market includes information about competitors. The contents include a corporate overview, financials, revenue generated, market potential, investment in research and development, new market efforts, geographical presence, firm strengths and weaknesses, product introduction, and application dominance. The preceding data points are solely relevant to the businesses’ focus on the Digital Therapeutics market.
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Digital Therapeutics Market Scope:
This Digital Therapeutics market report discusses new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, opportunities in terms of emerging revenue streams, changes in market regulations, strategic market growth analysis, market size, segmented market growth, application niches, and dominance, product approvals, product launches, geographic expansion For more information on the Digital Therapeutics market, please contact Maximize Market Research for an Analyst Brief; our experts will assist you in making an informed market choice to achieve market growth.
Digital Therapeutics Market Segmentation:
With the largest market share in 2022, the Treatment/Care-related Applications segment led the market by application, and it is anticipated to continue to lead at the end of the forecast period. Over the course of the projected period, the diabetes sector is anticipated to lead the market. In 2022, the CDC estimates that 34.2 million people worldwide had diabetes. One of the things propelling the segment’s rise is the increasing prevalence of chronic illnesses like diabetes and other ailments. Depending on each patient’s specific therapy needs, digital therapies can assist medical professionals in examining patients’ lifestyles and improving treatment programs.
Over the course of the forecast period, obesity, smoking cessation, and cardiovascular illnesses are all predicted to grow at significant rates. The market is expanding due to the increasing usage of digital therapeutic items to treat respiratory conditions. These products include Adherium’s Hailie, Amiko’s Respiro, Propeller from Propeller Health, Cohero Health’s Breathe Smart, and Teva’s CareTRx. Treatment plans for asthma and COPD may be altered by digital medications. This is due to the fact that while treating respiratory illnesses, inadequate medication adherence is a major concern. Solutions for digital therapy can help to effectively resolve this problem.
1 Global Digital Therapeutics Market, by Sales Channel (2021-2029)
• B2B
• B2C
2 Global Digital Therapeutics Market, by Application (2021-2029)
• Preventive Applications
o Prediabetes
o Obesity
o Nutrition
o Lifestyle Management
o Other Preventive Applications
• Treatment/Care-related Applications
o Diabetes
o CNS Disorders
o Chronic Respiratory Disorders
o Musculoskeletal Disorders
o Cardiovascular Diseases
o Smoking Cessation
o Medication Adherence
o Gastrointestinal Disorders
o Substance Use & Addiction Management
o Rehabilitation & Patient Care
o Other
3 Global Digital Therapeutics Market, by Component (2021-2029)
• Software
• Device
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Digital Therapeutics Market Key Players: The following are the key players of the Digital Therapeutics market-
• Noom(US)
• Livongo Health(US)
• Omada Health(US)
• Virta Health(US)
• Cognoa(US)
• Ayogo Health(US)
• Mindstrong Health(US)
• 2Morrow(US)
• Hinge Health(US)
• BehaVR(US)
• WellDoc(US)
• Pear Therapeutics(US)
• Proteus Digital Health(US)
• Propeller Health(US)
• Akili Interactive Labs(US)
• Better Therapeutics(US)
• Happify(US)
• Kaia Health(US)
• Mango Health(US)
• Click Therapeutics(US)
• Canary Health(US)
• Wellthy Therapeutics(India)
• Ginger( Australia)
• Mindable Health(Germany)
• Doktor.se( Sweden)
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Digital Therapeutics Market Regional Analysis:
The geographical section of the research also includes individual market influencing variables and changes in market regulations that effect current and future market trends. Data points such as downstream and upstream value chain analysis, technology trends, porter’s five forces analysis, and case studies are only a few of the indicators used to forecast market scenarios for various countries.
COVID-19 Impact Analysis on Digital Therapeutics Market: The research also addresses the impact of COVID-19 on the Digital Therapeutics market. The basic purpose of this study is to help the user understand the market in terms of definition, segmentation, market potential, noteworthy trends, and the issues that the industry is facing across key regions. The study provides micro and macroeconomic analysis of the total impact of COVID-19 on the Digital Therapeutics Market. The specific analysis focuses on market share and size, which clearly demonstrates the influence that the pandemic has had and will have on the worldwide Digital Therapeutics Market in the next years.
Key Questions Answered in the Digital Therapeutics Market Report are:
- What will be the CAGR of the Digital Therapeutics market during the forecast period (2021-2027)?
- Which segment emerged as the leading segment in the Digital Therapeutics market?
- Which are the prominent players in the Digital Therapeutics market?
- What key trends are likely to emerge in the Digital Therapeutics market in the forecast period?
- What will be the Digital Therapeutics market size by 2027?
- Which company held the largest share in the Digital Therapeutics market in 2020?
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