Digital Therapeutics Market to grow with a CAGR of 20.8% |Size, Industry Analysis, Growth Factors, Trends, and Regional Forecast to 2027
The digital therapeutics market is expected to reach US$ 8,941.1 Mn by 2025 from US$ 1,993.2 Mn in 2017. The market is estimated to grow with a CAGR of 20.8% during the forecast period from 2018 to 2025.
Worldwide Digital Therapeutics Market Analysis to 2027 is a specialized and in-depth study of the Digital Therapeutics Market Industry with a focus on the global market trend. The report aims to provide an overview of global Digital Therapeutics Market with detailed market segmentation by product/application and geography. The global Digital Therapeutics Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status of the players and offers key trends and opportunities in the market.
Research report has been compiled by studying the market in-depth along with drivers, opportunities, restraints & other strategies as well as new-developments that can help a reader to understand the exact situation of the market along with the factors that can limit or hamper the market growth and the report also has been updated with Impacts & effects of Coronavirus pandemic and how it has influenced consumer behavior& the growth of the market as well as industries.
This report focuses on the global Digital Therapeutics Market with the future forecast, growth opportunity, key market, and key players. The study objectives are to present the Digital Therapeutics Market development in North America, Europe, China, Japan, Southeast Asia, India, and Central & South America.
- Market Dynamics
- Competitive Analysis
- Market Trends And Market Outlook
- Market Share And Market Size
- Opportunities And Customer Analysis
- Product Pricing Research
Top Key Players in Digital Therapeutics Market:
Propeller Health,CANARY HEALTH,Noom, Inc.,2Morrow Inc.,Livongo Health,Proteus Digital Health,WellDoc, Inc.,Fitbit, Inc.,Omada Health, Inc.,MANGO HEALTH
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Product launch/update and partnerships were observed as the most adopted strategy in global digital therapeutics industry. Few of the product approvals and partnerships made by the players in the market are listed below:
2017: In November, Propeller Health and Express Scripts entered into a partnership to provide Propeller’s FDA-cleared digital solutions to Express Scripts to manage asthma or COPD.
2016: In November, Propeller Health received FDA approval for its Propeller platform for use with GSK’s Ellipta inhaler.
2018: In April, Canary Health entered into a partnership with NMRHCA to offer the Better Choices, Better Health (BCBH) digital therapeutics program in New Mexico.
2016: In June, Canary Health partnered with Medtronic to expand their diabetes care offerings with Canary Health’s self-management suite for pre-diabetes, diabetes and related comorbidities.
DIGITAL THERAPEUTICS – MARKET SEGMENTATION
- Cardiovascular Diseases
- Central Nervous System (CNS) Disease
- Respiratory Diseases
- Smoking Cessation
- Musculoskeletal Diseases
- Other Applications
By Distribution Channel
The Digital Therapeutics Market is anticipated to grow with a significant rate in the coming years, owing to factors such as, rising incidence and prevalence of chronic diseases, increasing healthcare expenses toward growth of eHealth, telemedicine, telehealth. Rapid growth in delivery of services to patients, several technological enlargements in the healthcare industry in Asia Pacific and Europe are expected to offer growth opportunities for the players operating in the market.
The COVID-19 outbreak is currently going the world over, the Digital Therapeutics Market report covers the impact of the corona-virus on top company’s growth. This research report categorizes as the key players in the Digital Therapeutics Market and also gives a comprehensive study of Covid-19 impact analysis of the market by regions like (Americas, Europe APAC, and EMEA).
The report offers key drivers that propel the growth in the global Digital Therapeutics Market. These insights help market players in devising strategies to gain market presence. The research also outlined the restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining the potential in untapped regions.
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Reason to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Digital Therapeutics Market.
- Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
- The key findings and recommendations highlight crucial progressive industry trends in the Digital Therapeutics Market, thereby allowing players to develop effective long term strategies in order to garner their market revenue.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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