Digital Therapeutics Market size was valued at USD 4.97 Bn. in 2022 and the total Digital Therapeutics revenue is expected to grow at a CAGR of 26.33% from 2023 to 2029, reaching nearly USD 25.55 Bn.
Digital Therapeutics Market Overview
Maximize Market Research's new report on the Global Digital Therapeutics Market 2023-2029 is a valuable resource for understanding the market's competitors and gaining key business insights. The report provides a comprehensive overview of the market, including its value chain structure, geographical analysis, applications, market size, and forecast (2023-2029). This information can be used to make more informed decisions about the current and future state of the global Digital Therapeutics market.
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Digital Therapeutics Market Scope
The report focuses on the key factors that are driving and restraining the growth of the Digital Therapeutics market, as well as the competitive landscape and future prospects. It provides insights into the current and future market trends, demand chain, supply chain, and sales, as well as recent changes in the market.
The report also includes company profiles of the key players in the Digital Therapeutics market, including their overview, financial performance, product portfolio, and strategies. It also uses SWOT and PESTLE analysis to provide a comprehensive view of the market.
Digital Therapeutics Market Segmentation
The category for treatment/care-related applications held the largest market share by application in 2022 and is anticipated to continue to dominate the market at the end of the forecast period. Throughout the projected period, the Diabetes segment is anticipated to dominate the market. The CDC estimates that 34.2 million people worldwide will have diabetes by 2022. One of the elements influencing the segment's growth is the rising prevalence of diabetes and numerous other chronic diseases. Medical professionals can use digital therapies to assess patients' lives and improve treatment programs in accordance with each patient's specific therapeutic requirements.
Obesity, smoking cessation, and cardiovascular disorders are predicted to grow significantly over the course of the projection period. The market is expanding as a result of the increasing usage of digital therapeutic products to treat respiratory conditions. These products include CareTRx by Teva, Propeller by Propeller Health, Propeller by Amiko, Hailie by Adherium, and Respiro by Amiko. The way that COPD and asthma are treated may alter as a result of digital medicines. This is due to the fact that treating respiratory illnesses raises serious concerns about poor treatment adherence. The effective resolving of this issue can be facilitated by digital therapy options.
1 Global Digital Therapeutics Market, by Sales Channel (2021-2029)
• B2B
• B2C
2 Global Digital Therapeutics Market, by Application (2021-2029)
• Preventive Applications
o Prediabetes
o Obesity
o Nutrition
o Lifestyle Management
o Other Preventive Applications
• Treatment/Care-related Applications
o Diabetes
o CNS Disorders
o Chronic Respiratory Disorders
o Musculoskeletal Disorders
o Cardiovascular Diseases
o Smoking Cessation
o Medication Adherence
o Gastrointestinal Disorders
o Substance Use & Addiction Management
o Rehabilitation & Patient Care
o Other
3 Global Digital Therapeutics Market, by Component (2021-2029)
• Software
• Device
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Digital Therapeutics Market Key Players
• Noom(US)
• Livongo Health(US)
• Omada Health(US)
• Virta Health(US)
• Cognoa(US)
• Ayogo Health(US)
• Mindstrong Health(US)
• 2Morrow(US)
• Hinge Health(US)
• BehaVR(US)
• WellDoc(US)
• Pear Therapeutics(US)
• Proteus Digital Health(US)
• Propeller Health(US)
• Akili Interactive Labs(US)
• Better Therapeutics(US)
• Happify(US)
• Kaia Health(US)
• Mango Health(US)
• Click Therapeutics(US)
• Canary Health(US)
• Wellthy Therapeutics(India)
• Ginger( Australia)
• Mindable Health(Germany)
• Doktor.se( Sweden)
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Digital Therapeutics Market Regional Analysis
The global Digital Therapeutics Market's growth trend is examined in depth throughout the report. It divides the major 5 regions, such as North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa, which have global dominance in the Digital Therapeutics market.
Key Questions answered in the Digital Therapeutics Market Report are:
- What are the Digital Therapeutics market segments?
- What are the global trends in the Digital Therapeutics Market?
- What are the major challenges that the Digital Therapeutics Market could face in the future?
- How is the intervention from regulatory authority shaping the Digital Therapeutics Market?
- Who are the Digital Therapeutics key players in the industry?
- What growth strategies are the players considering to increase their presence in Digital Therapeutics Market?
- Which region held the largest Digital Therapeutics market share in 2022?
- Which regional Digital Therapeutics market is expected to grow rapidly during the forecast period?
Key offerings:
- A detailed Market Overview
- Market Share, Size & Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis of segments and sub-segments
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
- Recommendations
- Key Findings
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