Market Analysis and Insights:- Global Digital Therapeutics Market
Global Digital Therapeutics Market, By Product Type (Software and Devices), Sales Channel (B2C and B2B), Application (Preventive Applications and Treatment/Care-related Applications), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Digital Therapeutics Market
Rising awareness regarding the benefits of digital therapeutics coupled with technological advancements in mobile healthcare have led to the rise in demand for digital therapeutics globally. Data Bridge Market Research analyses that the digital therapeutics will exhibit a CAGR of around 21.04% for the forecast period of 2021-2028.
Digital therapeutics is a subset of digital healthcare that helps to prevent, manage and treat a medical disease or a disorder. Moreover, digital therapeutics also help to treat psychological conditions. Digital therapeutics help to improve patient outcomes as it is evidence-based digital healthcare technology. Digital therapeutics technology is effective and efficient in diagnosing conditions that are poorly addressed by the healthcare system such as chronic diseases, neurological disorders, and much more. Not just that, digital therapeutics help to deliver cheaper healthcare treatment and saves a good amount of time for the patient as well as the healthcare provider.
The rising penetration of smartphones, tablets, and other similar gadgets coupled with rising healthcare applications and software have propelled the growth in demand for digital therapeutics. The rising incidence of chronic diseases coupled with rising demand for controlled costs of healthcare facilities and treatment has further fuelled the demand for digital therapeutics. Rising advancements in technological up-gradation will further boost up the digital therapeutics market value.
However, a lack of awareness regarding digital therapeutics technology in the underdeveloped and low/middle-class economies will derail the market growth rate. Also, lack of research and development funding and proficiencies in these areas will further slow down the market growth rate.
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This digital therapeutics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on digital therapeutics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Digital Therapeutics Market Scope and Market Size
The digital therapeutics market is segmented on the basis of product type, sales channel and applications. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
• Based on the product type, the digital therapeutics market has been segmented into software and devices.
• Based on the sales channel, the digital therapeutics market has been segmented into B2C and B2B. B2C is sub-segmented into patients and caregivers. B2B is sub-segmented into providers, payers, employers, pharmaceutical companies and other buyers.
• Based on the applications, the digital therapeutics market has been segmented into preventive applications and treatment/care-related applications. Preventive applications are further sub-segmented into pre-diabetes, obesity, nutrition, lifestyle management and other preventive applications. Treatment/care-related applications are also sub-segmented into diabetes, CNS disorders, chronic respiratory disorders, musculoskeletal disorders, cardiovascular diseases, smoking cessation, medication adherence, gastrointestinal disorders, substance use and addiction management, rehabilitation and patient care and other treatment/care-related applications.
Digital Therapeutics Market Country Level Analysis
The digital therapeutics market is analysed and market size insights and trends are provided by country, product type, sales channel and applications as referenced above.
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The countries covered in the digital therapeutics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the digital therapeutics market where the U.S. is the largest contributor. This is due to rising focus on improvement and advancement of healthcare technologies coupled with increased research and development proficiencies in this direction. Favourable reimbursement policies coupled with presence of major and key players in this region are also acting as major growth determinants for the market. However, it is Asia-Pacific region which is set to undergo the highest compound annual growth rate during the forecast period. This is because of the increased investment in healthcare infrastructure coupled with rising prevalence of chronic diseases. Rising smartphone penetration coupled with rising awareness regarding various self-management healthcare applications will further boost up the digital therapeutics market growth.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The digital therapeutics market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for digital therapeutics market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the digital therapeutics market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Digital Therapeutics Market Share Analysis
The Global digital therapeutics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to digital therapeutics market.
The major players covered in the digital therapeutics market report are Omada Health, Inc., ResMed, SAMSUNG, GAIA AG, Pear Therapeutics, Inc., Welldoc’s Bluestar, Solera Network, Akili Interactive Labs, Inc., Better Therapeutics, LLC, BigHealth, Biofourmis, Click Therapeutics, Inc., Happify, Inc., Limbix Health, Inc., Naturalcycles Nordic AB, NuvoAir AB, Sensyne Health plc, Voluntis, Xealth among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Digital Therapeutics Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.
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