The rising awareness, research and development, technological advancements and launch of novel products with enhanced efficiency are the key factors contributing to the high CAGR in the forecast period.
Ability to induce behavioural change, user-friendliness, patient convenience, and improved drug compliance would drive digital therapeutics market growth
The global Digital Therapeutic market size is expected to reach USD 1.31 Billion by 2028, registering a CAGR of 21.6 % over the forecast period, according to the current analysis of Reports and Data. Major factors driving market growth are technological advancements in mobile healthcare, significant increase in venture capital investments, and the advantages of digital therapeutics, such as the ability to induce behavioural change, user-friendliness, patient convenience, and improved drug compliance.
A subcategory of digital health is digital therapeutics. Digital therapeutics provide high-quality software-driven evidence-based therapy treatments to prevent, manage, or treat medical ailments or disease. To put it another way, digital therapies treat medical or psychological conditions using digital and typically online health technologies. The goal of digital therapies is to mimic existing treatments, scale care to a wide patient population using technology, enhance their behaviour or function, and minimise expenses. These therapies are designed to treat illnesses that are currently underserved by healthcare systems. Chronic and neurological disorders are included in this category.
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Some of the key players operating in the Digital Therapeutics market include:
Dthera Sciences, Omada Health, Propeller Health, Pear Therapeutics, Proteus Digital Health, and Canary Health Inc.
Segments covered in the report:
On the basis of regional analysis, the market is segmented into key geographical regions such as North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. According to the analysis, North America is expected to dominate the market with the highest market share. Asia-Pacific is anticipated to show a significant growth rate owing to rising development and population demands.
Type Outlook (Revenue, USD Million; 2017-2027)
- Software and mobile application
Disease Type Outlook (Revenue, USD Million; 2017-2027)
- Cardiovascular Disease
- Central Nervous System
- Respiratory Diseases
Application Outlook (Revenue, USD Million; 2017-2027)
End-Use Outlook (Revenue, USD Million; 2017-2027)
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Beneficial Aspects of the Report:
- Global and region forecast of the Digital Therapeutics market from 2020-2027
- In-depth analysis of market dynamics, industry outlook, market size based on types and applications
- Details of value chain analysis, supply and demand ratio, production and consumption patterns
- SWOT Analysis, Porter’s Five Forces Analysis, Feasibility Analysis, and Investment Return Analysis to provide a better understanding of the market and competitive players
- Detailed insights on competitive landscape and emerging market trends
The market report is formulated on the basis of data obtained through extensive primary and secondary research. The data is further validated and verified by industry experts, research analysts, and professionals. The report considers regional demand and supply ratio, investments, market dynamics, capacity, end-use industry trends, and consumer behavior to generate a forecast report. The data is collected from verified sources such as government policies, regulatory published materials, journals, trade magazines, and verified data sources. The report uses advanced analytical tools such as SWOT Analysis, Porter’s Five Forces Analysis, Feasibility Analysis, and Investment Return Analysis to provide an accurate insight into the market scenario and competitive landscape. This report provides beneficial information to companies and new players to make lucrative business decisions. The market estimates and forecast data have been thoroughly verified through exhaustive primary research.
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