New York – January 01, 2024 - Research Nester’s recent market research analysis on “Digiceuticals Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global digiceuticals market in terms of market segmentation by use, application, distribution channel and by region.

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Rise in chronic Disease Prevalence to Promote Global Market Share of Digiceuticals
The global digiceuticals market is estimated to grow majorly on account of increase in number of people suffering from chronic diseases. Over 21% of the elderly population in India is reportedly affected by at least one chronic illness. In areas around 17% of older individuals experience chronic diseases while in urban areas this figure rises to 29%. Diabetes combined account for 68% of all chronic conditions. It is imperative to monitor and manage these diseases effectively. Digital health technologies, including Digiceuticals can play a role in facilitating the monitoring and management of chronic illnesses. Digiceuticals enable monitoring and tracking of vital signs like blood pressure, heart rate and glucose levels. They also offer personalized advice on managing ailments. Additionally they provide access, to healthcare professionals so that patients can receive timely guidance and care.

Some of the major growth factors and challenges that are associated with the growth of the global digiceuticals market are:
Growth Drivers:
• Increasing affordability of digital health solutions
• Rising prevalence of chronic diseases
Challenges:
…are some of the major factors anticipated to hamper the global market size of digiceuticals. (150 words with 2 challenges)

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By application, the global digiceuticals market is segmented into diabetes management, substance abuse, pulmonary diseases, alcohol and smoking addiction, neurological disorders. The diabetes management segment is to garner a highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. The increase in segment growth can be attributed to factors, such as the rising prevalence of diabetes, increased awareness about preventive measures and government initiatives aimed at improving healthcare facilities for diabetic patients. According to projections by the IDF (International Diabetes Federation) it is estimated that by 2045 783 million adults, which equates to one in eight individuals will be living with diabetes. This represents a 46% increase. Digiceuticals offer a solution for people, with diabetes as they allow remote tracking of blood sugar levels and provide alerts when medication adjustments are needed.

By region, the North America digiceuticals market is to generate the highest revenue by the end of 2036. The market in the region is expected to grow due the increase in chronic diseases, which has led to a higher demand for healthcare services. Additionally, there has been a rise in the use of health technologies and investments made by venture capitalists in healthcare innovation. Healthcare professionals have also started accepting therapeutics more widely. Furthermore, the Food and Drug Administration has approved digiceuticals that doctors can prescribe as treatments. This approval allows these treatments to be covered by health plans. An example of an FDA approved app is reset O, which offers therapy sessions for individuals dealing with addiction. These sessions are supervised by clinicians. Are currently being utilized in substance abuse facilities, across the country.

This report also provides the existing competitive scenario of some of the key players of the Pear therapeutics Inc., Akili Interactive Labs, Inc., Chrono Therapeutics Inc., Click Therapeutics, Omada Health, Canary Health, Inc., Glooko, Inc., Propeller helath, Welldoc, Voluntis.

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