According to IMARC Group latest report titled “Digital Therapeutics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, offers a comprehensive analysis of the industry, which comprises insights on digital therapeutics market share. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The market is currently witnessing strong growth. The global Digital Therapeutics Market to grow at a CAGR of 22% during 2021-2026.
Digital therapeutics (DTx) refers to the delivery of evidence-based therapeutic interventions to patients via high-quality software programs. It can be used as a standalone therapy or in conjunction with medications, devices, and other treatments to optimize patient care and health outcomes. DTx captures personalized physiological parameters, enhances the existing medical treatments, provides therapy solutions, reduces reliance on pharmaceuticals, etc. Consequently, it finds numerous applications in diagnosing various medical conditions, including diabetes, Alzheimer’s disease, asthma, gastrointestinal problems, chronic obstructive pulmonary disease, etc. Digital therapeutics is utilized by patients and healthcare providers across the globe.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Trends:
The rising prevalence of chronic diseases is one of the key factors driving the digital therapeutics market. In line with this, the inflating need for controlling the costs of healthcare treatments is further catalyzing the market growth. Moreover, the elevating adoption of DTx in several neuroscience applications, such as in the treatment of attention deficit hyperactivity disorder (ADHD), autism spectrum disorder (ASD), depression, schizophrenia, bipolar disease, etc., is acting as another significant growth-inducing factor. Besides this, the increasing internet penetration across countries and the growing digitalization of the healthcare sector are also augmenting the global market. Additionally, the launch of numerous favorable initiatives by pharmaceutical companies to help patients track and self-manage diseases is anticipated to fuel the digital therapeutics market over the forecasted period.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- 2Morrow Inc.
- Canary Health Inc.
- Click Therapeutics Inc.
- Mango Health Inc.
- Noom Health Inc.
- Omada Health Inc.
- Pear Therapeutics, Inc.
- Propeller Health
- Teladoc Health Inc.
- Voluntis Inc.
- WellDoc Inc
Digital Therapeutics Market Segmentation:
Our report has categorized the market based on region, application and end use.
Breakup by Application:
- Diabetes
- Obesity
- CVD
- CNS Disease
- Respiratory Diseases
- Smoking Cessation
- Others
Breakup by End Use:
- Patients
- Providers
- Payers
- Employers
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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