Digital Therapeutics Market Outlook : Business Overview, Industry Insights, Upcoming Trends and Top Company Analysis by 2026

 

This report on the global Digital Therapeutics market gives a thorough study that is primarily focused on top players and their business stratagem, geographical extent, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is explicitly prepared to explore crucial fragments of the global Digital Therapeutics market. For instance, the market dynamics section in the report gives an in-depth analysis of the drivers, restraints, trends, and opportunities in the global Digital Therapeutics market. With both qualitative and quantitative analysis, we provide you with thorough and comprehensive information on the global Digital Therapeutics market. The study also entails SWOT, PESTLE, and Porter’s Five Forces analyses of the global Digital Therapeutics market.

The research methodologies used for evaluating the Digital Therapeutics market are inventive and also provides enough evidence on the demand and supply status, production capability, import and export, supply chain management and investment feasibility.

Market Size – USD 0.17 Billion in 2018, Market Growth – CAGR of 21.6%, Market Trends – investments for research and development to explore newer sectors for application and launch of products with improved quality.

According to the current analysis of Reports and Data, the global Digital Therapeutic market was valued at USD 0.17 Billion in 2018 and is expected to reach USD 0.89 Billion by year 2026, at a CAGR of 21.6 %.

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Further key findings from the report suggest

  • Treatments for various diseases such as type II diabetes, congestive heart failure, Alzheimer’s, asthma, ADHD, dementia, hypertension, anxiety, depression, etc. are being developed through continuous research and development.
  • The digital therapeutics market has made significant progress over the past decade, harnessing technology to supplement or potentially replace the traditional treatment by helping patients manage their condition, including informing when and how much medication to take. Some companies offer alternative treatments to drugs.
  • Currently, several companies incorporate evidence based cognitive behavior therapies (CBT) into their products. CBT is a widely used form of psychotherapy that seeks to identify, challenge and modify dysfunctional behaviors and thoughts and as a result improve patient’s functioning and influence behavioral changes. Such advancements propel the market.
  • As digital therapeutics have transitioned from concept to reality, investors have poured an amount of $12.5 billion into digital health ventures. Similarly, in January 2019, Pear Therapeutics launched the ReSet for the treatment of substance abuse.
  • In 2020, new entrants and biopharmaceutical and medical device companies are expected to bring to the market new variety of digital therapies and connected health services that can help patients make behavioral changes, give providers real-time therapeutic insights, and the insurers and employer’s new tools to more effectively manage their beneficiaries’ health.
  • Diabetes dominates the market and continues to rise at a CAGR of 22%. This is due to the changes in lifestyle and eating habits of the people.
  • North America dominates the market with the highest market share owing to its technological advancements and the government policies urging its people to adopt digital therapeutics.
  • Asia Pacific is expected to register the highest CAGR amounting to 22.5% due to its high population numbers. This indicates a large share of target population for the manufacturers. In addition to this, a large number of governments of the emerging economies are promoting the use of Digital Therapeutics and providing financial assistance.
  • Europe too has been seen to grow at a CAGR of 21.3% and holds the second largest market share. This is due to the widespread awareness of the people about the advantages and benefits of digital therapeutics.
  • The key players of the market include, Dthera Sciences, Omada Health, Propeller Health, Pear Therapeutics, Proteus Digital Health and Canary Health Inc.

Objective of Studies:

  1. To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Digital Therapeutics market.
  2. To provide insights about factors affecting the market growth. To analyze the Digital Therapeutics market based on various factors- price analysis, supply chain analysis, Porte five force analysis etc.
  3. To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, Latin America and Rest of the World.
  4. To provide country level analysis of the market with respect to the current market size and future prospective.
  5. To provide country level analysis of the market for segment by application, product type and sub-segments.
  6. To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
  7. To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Digital Therapeutics market.

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The report is collated with the help of advanced tools and the recent primary and secondary research methodologies. Our expert analysts gather information and data available in the annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases. In order to ensure the authenticity of the information and data studied in this report, our researchers undertake paid primary interviews with industry experts alongside other relevant entities associated with the global Digital Therapeutics market.

Type (Revenue, USD Million; 2016–2026)

  • Software and mobile application
  • Hardware

Disease Type (Revenue, USD Million; 2016–2026)

  • Obesity
  • Diabetes
  • Cardiovascular Disease
  • Central Nervous System
  • Respiratory Diseases
  • Others

Application (Revenue, USD Million; 2016–2026)

  • Prevention
  • Care

End Use (Revenue, USD Million; 2016–2026)

  • Patients
  • Payors
  • Providers
  • Employer
  • Others

Market segment by Region/Country including:

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Spain etc.)

Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)

South America Brazil, Argentina, Colombia and Chile etc.)

Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)

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To a producer, can control the total production cost through worldwide procurement, localization procurement and concentrative purchase, more purchasing focuses on fewer suppliers to large-scale purchase, to large-scale and high efficiency. Now the logistics and information is well-developed, beneficial to worldwide procurement, localization procurement and concentrative purchase. In future, more manufacturers will attach importance to the raw materials purchasing, with strategic sourcing.

Here are the questions we answer…

  • What are the future opportunities in store for the vendors operating in the Digital Therapeutics market?
  • What does the competitive landscape look like?
  • Which emerging technologies are believed to impact the Digital Therapeutics market performance?
  • What are the key trends and dynamics?
  • Which regulations that will impact the industry?
  • Which segment will offer the most opportunity for growth between 2019 and 2026?
  • Where will most developments take place in the long term?
  • Who are the most prominent vendors and how much market share do they occupy?
  • What are the latest technologies or discoveries influencing the Digital Therapeutics market growth worldwide?

 

 

Purushottam Gaurav

About the author