Global Digital Therapeutics Market was valued at USD 2833.25 Mn in 2019 and is expected to reach at USD 11,555.44 Mn by 2027 at a CAGR of 19.21% over forecast period 2020-2027.
Global Digital Therapeutics Market Overview
Digital therapeutics have the potential to address unmet patient needs that traditional treatments and therapies have been unable to cover. 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 such as growing need to control healthcare costs, upsurge in the incidence of chronic diseases, increasing focus on preventive healthcare and increase in venture capital investment are driving the market over forecast period.
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List Of TOP KEY PLAYERS in Digital Therapeutics Market Report 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.
• Akili Interactive Labs
• Better Therapeutics
• Kaia Health
• Click Therapeutics
• Wellthy Therapeutics
• Ayogo Health
COVID-19 Impact on Market:
In December 2019, the COVID-19 epidemic began in Wuhan (China), and has been spreading rapidly around the world. As of March 2020, the most affected countries were the US, China, Italy and Iran. Due to travel bans and lockdowns, the COVID-19 epidemic has affected many countries' economies and industries. This outbreak has caused major disruptions in the global food and drink industry, including supply chain breakdowns, cancellations of technology events, and office closures. China is the world's largest manufacturing country, and has the largest number of raw material suppliers. Due to the closing of factories and other obstacles in the supply chain, COVID-19 is affecting overall market growth.
Segmentation of the Global Digital Therapeutics Market by Types, Applications, and Region:
Global Digital Therapeutics Market, By Sales Channel
o Pharmaceutical Companies
o Other Buyers
Global Digital Therapeutics Market, By Application
• Preventive Applications
• Treatment/Care-Related Applications
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
The global Digital Therapeutics market has been analysed and market size information provided by countries (regions). Segment by Application, The Digital Therapeutics Market is divided into the United States, Europe, China, Japan, Southeast Asia, India and Rest of World. The report covers the region-wise market size from 2016-2027. The report also contains market size and forecasts by type and application segment, in terms of revenue and sales, for the period 2016-2027.
This report provides a detailed analysis of the Global Digital Therapeutics Market for all stakeholders. This report presents the past and present status of the industry, as well as forecasted market size. Trends are also presented. The report uses simple language to simplify complex data. This report includes all aspects of the industry and a study of key players, including market leaders, followers, as well as new entrants. The report includes a PORTER, SVOR and PESTEL analysis as well as the potential market impact of microeconomic factors. The report includes both internal and external factors that could have a positive or negative effect on the business. This will provide a clear futureistic view of this industry for decision-makers.
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