Global Digital Therapeutics Market

Posted by Shubhangi Sapkal on June 15th, 2019

Global Digital Therapeutics Market is expected to reach US$ 816.55 Mn by 2024 from US$ 113.32 Mn in 2016 at CAGR of 28.0%.

Digital Therapeutics stands for health or social care interventions delivered through a smart device to support healthy behaviors and provide therapeutic effects and can be used to treat type II diabetes, Alzheimer’s disease, dementia, congestive heart failure, chronic obstructive pulmonary disease, and asthma. Factors that drive the growth of the digital therapeutics market are growing need to control healthcare costs and upsurge in the incidence of chronic diseases. However, lack of awareness toward digital therapeutics acts as a key restraint to the market growth. On the contrary, high growth potential in the developing economies is anticipated to offer significant growth opportunities.

Global Digital Therapeutics Market is segmented by sales channel, application, and geography. Sales channel segment is bifurcated as B2B and B2C. B2B segment is expected to lead the market growth. This growth is attributed to the rising adoption of digital therapeutics in this segment, especially among payers and employers.

In terms of application, obesity segment is projected to be one of the most lucrative segments during the forecast period, owing to rise in obese population and increase in the number of cases where treatments are done via smartphone applications for obese population. Various applications covered under the scope of this report are preventive applications and treatment/care-related applications. Preventive application segment is expected to dominate the market growth owing to, increasing government initiatives to increase the focus on preventive healthcare and a rising consensus among policymakers.

The market on the basis of geography is segmented by North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. North America dominated the global market in 2017 and is expected to retain its dominance throughout the forecast period. Continuous reforms in countries to address a lack of proper infrastructure and maintain sustainable growth through financial inclusion in this region will fuel the Digital Therapeutics Market in Asia Specific region.

Some of the key players in the digital therapeutics market are Proteus Digital Health, Inc., Omada Health Inc., WellDoc, Inc., 2Morrow, Inc., Livongo Health, Propeller Health, Twine Health, Inc., Canary Health, Inc. Noom Inc., and Medtronic Plc. The other players operating in the value chain are BiogenoQ Inc., Claritas Mindsciences, Jintronix Inc., Virta Health Corp., and Dthera Science.

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Global Digital Therapeutics Market, By Sales Channe

• B2B

o Caregivers

o Patients

• B2C

o Providers

o Payers

o Pharmaceutical Companies

o Employers

o Other Buyers

Global Digital Therapeutics Market, By Application

• Preventive Applications

o Prediabetes

o Obesity

• Treatment/Care-Related Applications

o Diabetes

o Central Nervous System (CNS) Disorders

o Chronic Respiratory Diseases (CRD)

o Musculoskeletal Disorders

o Cardiovascular Diseases

o Smoking Cessation

o Medication Adherence

o Other Applications

Global Digital Therapeutics Market, By Geography:

• North America

• Europe

• Asia Pacific

• Middle East & Africa

• Latin America

Key Players in the Global Digital Therapeutics Market Are:

• Evolent Health, Inc.

• Pear Therapeutics, Inc.

• WellDoc Inc.

• Nanobiosym, Inc.

• Twine Health, Inc.

• Mango Health Inc.

• Canary Health Inc.

• 2morrow Inc.

• Propeller Health

• Ginger.Io, Inc.

• Noom Inc.

• Livongo Health

• Welldoc, Inc.

• Omada Health, Inc.

• Proteus Digital Health, Inc.

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