Digital Therapeutics Market to Witness an Outstanding Growth During 2022-2027

Home » Digital Therapeutics Market to Witness an Outstanding Growth During 2022-2027

According to IMARC Group latest report titled “Digital Therapeutics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on digital therapeutics industry report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global digital therapeutics market reached a value of US$ 4.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 13.4 Billion by 2027, exhibiting a CAGR of 21.7% during 2022-2027.

Digital therapeutics represent evidence-based therapeutic interventions based on superior-quality software programs designed for preventing, treating, and managing medical diseases and conditions. They help in providing therapy solutions, enhancing the existing medical treatments, and reducing reliance on pharmaceuticals. Digital therapeutics even prove effective in diagnosing Alzheimer’s disease, type II diabetes, respiratory disorders, gastrointestinal problems, and chronic obstructive pulmonary disease. Consequently, they are in high demand among consumers across countries.

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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 sales of smart devices, such as mobile phones and tablets and the increasing number of healthcare apps are primarily driving the digital therapeutics market. Besides this, the growing prevalence of various chronic illnesses, including diabetes, obesity, cardiovascular ailments, etc., and the elevating need for controlling costs of healthcare treatments are also positively influencing the market growth. Additionally, the expanding usage of the methodology in numerous neuroscience indications, such as attention deficit hyperactivity (ADHD), autism spectrum disorder (ASD), schizophrenia, depression, and bipolar disorder, is acting as another significant growth-inducing factor. Furthermore, the inflating investments by the leading pharmaceutical companies across the globe and the escalating focus among them towards achieving strategic partnerships for expanding their product portfolio and market reach are expected to fuel the digital therapeutics market in the coming years.

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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 (2016-2021)
  • Market Outlook (2022-2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

Note: We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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