The global demand for Digital Therapeutics Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022-2028.
Digital therapeutics (DTx) is a new digital healthcare concept that delivers evidence-based therapeutic interventions to patients. DTx is driven by high-quality software programs to prevent, manage, or treat a broad spectrum of physical, mental, and behavioral conditions. Digital therapeutics enhance and support current medical treatments. It provides patients, providers, and payers with novel therapy options for unmet medical needs and reduces reliance on traditional healthcare system or other therapies. It can be applied independently or in conjunction with other treatments.
Market Dynamics
The global digital therapeutics market is forecast to grow at an exponential rate during the forecast period. Digitalization has disrupted all the sectors, and healthcare is not an exception. Advances in mobile technology and artificial intelligence (AI) have broadened the role of digital therapeutics in healthcare. Growing awareness about digital therapeutics among patients of their health and their ability to play a more active role in managing their disease create potential health outcomes and reduce traditional healthcare systems expenses. Key players are investing in the concept and opting for strategic partnerships with tech companies to explore the market. The exciting advancement through collaboration will create market opportunities. However, lack of awareness in some parts of the world is hampering the growth of the market.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each segment in the global market of digital therapeutics.
Market Segmentation
The report segments the digital therapeutics market and analyses it with respect to the geography, intending to keep the marketer informed and help them identify the target demographics for the product or service.
By Application
- Diabetes
- Obesity
- CVD
- CNS Disease
- Respiratory Diseases
- Smoking Cessation
- Others
By End Use
- Patients
- Providers
- Payers
- Employers
- Others
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for digital therapeutics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Digital Therapeutics Market by Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the digital therapeutics market include Proteus Digital Health, Inc, Omada Health, Inc., WellDoc, Inc., 2Morrow, Inc., Livongo Health, Propeller Health, Twine health, Inc., Canary Health, Inc., and Mango Health, Inc.S. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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