Digital Therapeutics Market- Global Opportunity Analysis and Industry Forecast (2023-2030)
Meticulous Research®—a leading global market research company, published a research report titled ‘Digital Therapeutics Market by Component (Software, Device), Application (Diabetes, Respiratory, CNS, Gastrointestinal, Cardiovascular, Addiction, Rehabilitation, Obesity, Nutrition), End User (Patient, Payer, Provider, Employer) - Global Forecast to 2030.’
According to this latest
publication from Meticulous Research®, the global digital therapeutics market is projected to reach $22.16
billion by 2030 at a CAGR of 20.3%. The growth of this market is mainly
attributed to the increasing need to reduce healthcare costs, the rising
prevalence of chronic diseases, the high adoption of digital healthcare, and
the increasing focus on preventive healthcare. Moreover, untapped markets in
emerging economies and expanding pipelines for digital therapeutic solutions
for various therapy areas offer significant opportunities for the growth of
this market.
Digital Therapeutics Market:
Future Outlook
The global digital therapeutics
market is segmented by Component (Software, Device), Application (Care-related
{Diabetes, CNS Disorders, Respiratory Disorders, Gastrointestinal Disorders,
Smoking Cessation, Cardiovascular Diseases, Medication Adherence, Addiction
Management, Rehabilitation and Patient Care, and Other Care-related
Applications}, Preventive {Obesity, Prediabetes, Nutrition, and Other
Preventive Applications}, End User (Payers, Patients & Caregivers,
Providers, Employers), and Geography. The study also evaluates industry
competitors and analyzes their market share at global and regional levels.
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Sample Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5427
Scope of the Report:
Digital
Therapeutics Market, by Component
·
Software
·
Devices
Digital
Therapeutics Market, by Application
·
Care-related
Applications
o Diabetes
o CNS Disorders
o Respiratory Disorders
o Gastrointestinal Disorders
o Smoking Cessation
o Cardiovascular Diseases
o Medication Adherence
o Addiction Management
o Rehabilitation and Patient Care
o Other Care-related Applications
·
Preventive Applications
o Obesity
o Prediabetes
o Nutrition
o Other Preventive Applications
(Note: Other care-related applications include ophthalmology and dermatology)
(Note: Other preventive applications include hypertension, asthma, and COPD.)
Digital
Therapeutics Market, by End User
·
Payers
·
Patients and caregivers
·
Providers
·
Employers
Digital
Therapeutics Market, by Geography
·
North America
o U.S.
o Canada
·
Europe
o Germany
o U.K.
o France
o Italy
o Spain
o Rest of Europe (RoE)
·
Asia-Pacific
o China
o Japan
o India
o Rest of Asia-Pacific (RoAPAC)
·
Latin America
o Brazil
o Mexico
o Rest of Latin America (RoLATAM)
·
Middle East & Africa
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Based on component, in 2023, the software segment is expected to account
for the largest share of the digital therapeutics market. Digital therapeutic
software reduce healthcare costs and supports the trend of preventive healthcare. Furthermore, the
increasing penetration of mobile phones has increased the adoption of digital
health technologies in the healthcare industry. Players operating in this
market are focusing on developing various digital therapeutic solutions for
different therapeutic areas, supporting the segment’s largest share.
Based on application, the digital therapeutics
market is segmented into care-related applications and preventive applications.
The care-related applications segment is further segmented into diabetes,
central nervous system (CNS) disorders, respiratory disorders, gastrointestinal
disorders, smoking cessation, cardiovascular diseases, medication adherence,
addiction management, rehabilitation and patient care, and other care-related
applications. In 2023, the care-related applications segment is expected to
account for the largest share of the digital therapeutics market due to the
availability of cost-effective mHealth platforms, the increasing need to
control healthcare costs, high investments, and strategic collaborations among
stakeholders to launch care-related solutions.
Based on end user, in 2023, the patients &
caregivers segment is expected to account for the largest share of the digital
therapeutics market. The large market share of this segment is attributed to
the increasing awareness and approvals of digital therapeutic solutions, the
high adoption of mHealth platforms, and the trend of preventive healthcare
among patients.
Geographic Review
This research report analyzes
major geographies and provides a comprehensive analysis of North America (U.S.
and Canada), Europe (Germany, France, U.K., Italy, Spain, and the Rest of
Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific),
Latin America, and the Middle East & Africa. In 2023, North America is
expected to account for the largest share of the digital therapeutics market.
The large share of this market is attributed to the increased usage of digital
health products, the increasing incidence of chronic diseases, and government
initiatives to support digital healthcare.
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Key Players
The key players operating in the
global digital therapeutics market are Noom, Inc. (U.S.), 2Morrow Inc. (U.S.),
GAIA AG (Germany), Propeller Health (U.S.), Canary Health (U.S.), Welldoc, Inc.
(U.S.), DarioHealth Corp. (U.S.), Akili, Inc. (U.S.), Pear Therapeutics (US),
Inc. (U.S.), BigHealth (U.S.), Teladoc Health, Inc. (U.S.), Limbix Health, Inc.
(U.S.), Kaia Health Software Inc. (Germany), Better Therapeutics, Inc (U.S.),
and Fitbit LLC (U.S.).
Key questions answered in the
report-
· Which are the
high-growth market segments in terms of component, application, end user, and
regions/countries?
· What was the
historical market for digital therapeutics across the globe?
· What are the market
forecasts and estimates for the period 2023–2030?
· What are the major
drivers, restraints, challenges, opportunities, and trends in the global
digital therapeutics market?
· Who are the major
players in the global digital therapeutics market?
· How is the competitive
landscape, and who are the market leaders in the global digital therapeutics market?
· What are the recent
developments in the digital therapeutics market?
· What are the different
strategies adopted by the major players in the digital therapeutics market?
· What are the
geographical trends and high growth regions/countries?
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