Digital Therapeutics Market By Product Type (Device and Software), By Application (Obesity, Diabetes, Central Nervous System (CNS) Disease, Gastrointestinal Disorder (GID), Cardiovascular Disease (CVD), Smoking Cessation, Respiratory Disease, and Others), By Sales Channel (Business-to-Consumer (B2C) and Business-to-Business (B2B)), Global Analysis to 2023

Published Date: July - 2024 | Publisher: MRA | No of Pages: 240 | Industry: Media and IT | Format: Report available in PDF / Excel Format

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Digital Therapeutics Market By Product Type (Device and Software), By Application (Obesity, Diabetes, Central Nervous System (CNS) Disease, Gastrointestinal Disorder (GID), Cardiovascular Disease (CVD), Smoking Cessation, Respiratory Disease, and Others), By Sales Channel (Business-to-Consumer (B2C) and Business-to-Business (B2B)), Global Analysis to 2023

Digital Therapeutics Market Size And Forecast

According to the new report titled "

The valuation of the Digital Therapeutics market was $6.31 Billion in 2023 and is projected to reach $23.10 Billion by 2032, at a CAGR of 28.70% from 2021 to 2032.

In 2023, the market for digital therapies reached $6.31 billion and is predicted to grow tremendously at a rate of 28.70% in the years to come. Digital therapies, or DTx, are a game-changer in healthcare, using digital technology to tackle medical ailments. These therapies deliver proven treatments to patients through apps and digital platforms. They're designed to work alongside or even take the place of traditional treatments, offering personalized, effective solutions accessible from anywhere. Chronic diseases like diabetes, high blood pressure, and heart problems are a major cause of health issues and deaths around the world. Digital therapies offer a powerful, cost-effective way to manage these conditions. They provide ongoing support, monitoring, and treatments, empowering patients with the tools they need to stay healthy.

Healthcare systems globally are facing escalating costs, driven by factors such as an aging population, increasing prevalence of chronic diseases, and advances in medical technology. Digital therapeutics have the potential to reduce healthcare costs by preventing costly complications, minimizing hospitalizations, and optimizing resource utilization. Technological advancements, such as wearable devices, mobile apps, artificial intelligence, and data analytics, have enabled the development of sophisticated digital therapeutics. These technologies enhance the effectiveness, accessibility, and user experience of digital interventions, driving demand among both patients and healthcare providers.

Device held the largest share in the Digital Therapeutics market

By Product Type (Device and Software) where Device plays a crucial role in the Digital Therapeutics market. The popularity of wearable devices, such as smartwatches, fitness trackers, and continuous glucose monitors, has surged in recent years. These devices offer opportunities for real-time monitoring of various health metrics, including activity levels, heart rate, blood glucose levels, and sleep patterns. Device-based digital therapeutics leverage wearable technology to provide personalized interventions and feedback based on collected data. Device-based digital therapeutics are particularly relevant for managing chronic diseases, such as diabetes, hypertension, and obesity.

Imagine being able to stay on top of your health without leaving the comfort of your own home. Thanks to sensors and devices that connect to your smartphone or tablet, you can now track everything from your heart rate to your blood sugar levels. This is especially helpful for people with chronic conditions or those recovering from illnesses. Instead of waiting for your next doctor's appointment, you can monitor your health in real-time. If something seems off, your healthcare team can be alerted right away and intervene before it becomes a serious problem. These devices are more than just gadgets. They're like having a doctor in your pocket. They can track your symptoms, make sure you're taking your medications on time, and even provide personalized recommendations for managing your condition. This means you can get the care you need, when you need it. And because these devices are constantly learning and adapting, they can help you stay on track and achieve your health goals.

North America headed the Digital Therapeutics market in 2023

Original (Technical) North America grapples with a significant burden of chronic ailments, encompassing diabetes, cardiovascular maladies, corpulence, and mental health tribulations. Digital therapeutics present groundbreaking strategies to combat these conditions, offering unwavering assistance, observation, and interventions for patients. North America serves as a bustling hub for technological advancement, boasting a vibrant network of digital health startups, academic institutions, and tech titans. Human-Like (Conversational) Listen up, folks! North America's got a hefty load of health problems on its plate, like diabetes, heart disease, obesity, and mental health struggles. But there's a ray of hopedigital therapeutics—like fancy tech that helps manage these conditions. It's like a virtual sidekick that gives you support, keeps an eye on your health, and guides you along the way. Now, North America is known for its tech smarts, right? Think startups, universities, and tech giants working together to create cutting-edge digital health solutions. They're using things like smartwatches, mobile apps, AI, and data analysis to develop awesome tools that meet the needs of both patients and healthcare pros. But let's not forget the elephant in the roomhealthcare costs in North America are spiraling upward. That's putting the squeeze on hospitals, insurance companies, and patients alike.

 Digital therapeutics offer a cost-effective approach to healthcare delivery by preventing costly complications, reducing hospitalizations, and improving overall health outcomes. There is a growing acceptance and adoption of digital health tools among consumers in North America. Patients are increasingly comfortable using smartphones, wearable devices, and other digital platforms to manage their health and wellness. This consumer demand drives the adoption of digital therapeutics as patients seek convenient and effective solutions for their healthcare needs.

Key market players operating in the market that are profiled in the report are

Fitbit Health Solutions, 2MORROW, Inc., Medtronic Plc., Livongo Health, Inc., Pear Therapeutics, Inc., Omada Health, Inc., Resmed, Inc. (Propeller Health), Proteus Digital Health, Inc., Welldoc, Inc.,Voluntis, Inc., Canary Health Inc., Noom, Inc. etc

Report Scope

REPORT ATTRIBUTES DETAILS
STUDY PERIOD

2020-2030
BASE YEAR

2023
FORECAST PERIOD

2024-2030
HISTORICAL PERIOD

2020-2022
UNIT

Value (USD Billion)
KEY COMPANIES PROFILED

Pear Therapeutics, Akili Interactive Labs, Omada Health, Inc., Click Therapeutics, Livongo Health (now part of Teladoc Health), Propeller Health (part of ResMed), WellDoc, Inc.
SEGMENTS COVERED

By Technology Platform, By End-User, By Application, By Geography
CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope.

 Key Players

The major players in the Global Digital Therapeutics Market are

  • Pear Therapeutics
  • Akili Interactive Labs
  • Omada Health, Inc.
  • Click Therapeutics
  • Livongo Health (now part of Teladoc Health)
  • Propeller Health (part of ResMed)
  • WellDoc, Inc.
  • 2Morrow Inc.
  • Happify Health
  • Dthera Sciences

Global Digital Therapeutics Market Segmentation Analysis

The Global Digital Therapeutics Market is Segmented on the basis of Technology Platform, End-User, Application, And Geography.

Digital Therapeutics Market, By Technology Platform

  • Mobile Applications Applications for smartphones and tablets that offer teaching, tracking, remote monitoring, and customized interventions.
  • Web-Based Platforms Internet browser-accessible online portals and web applications that provide digital therapy programs.
  • Wearable Devices Constant health monitoring and feedback through integration with wearable technology, such as fitness trackers, smartwatches, and biosensors.

Digital Therapeutics Market, By End-User

  • Patients Direct-to-consumer apps made to help people with chronic illnesses take control of their own care and feel more empowered.
  • Healthcare Providers Systems that are incorporated into healthcare networks to facilitate treatment compliance, individualized care plans, and remote patient monitoring.
  • Employers Digital therapies are incorporated into corporate wellness programs to enhance worker productivity, health, and lower medical expenses.

Digital Therapeutics Market, By Application

  • Diabetes Digital therapies offers insulin dosage, glucose monitoring, and lifestyle modifications as tools for managing diabetes.
  • Obesity Weight-management, dietary monitoring, activity tracking, and behavior modification programs.
  • Cardiovascular Diseases Digital therapies for the treatment of hypertension, the prevention of heart attacks, and the rehabilitation following cardiac arrest.

Digital Therapeutics Market, By Geography

  • North America Market conditions and demand in the United States, Canada, and Mexico.
  • Europe Analysis of the Global Digital Therapeutics Market in European countries.
  • Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
  • Middle East and Africa Examining market dynamics in the Middle East and African regions.
  • Latin America Covering market trends and developments in countries across Latin America.

Reasons to Purchase this Report

Let's dive into the market! We'll take a close look at it from every angle, considering both what matters financially (like income) and what doesn't (like trends and preferences). We'll break it down into different groups to see how much each one is worth (in billions of dollars). Who's leading the way? We'll tell you which region and group is growing the fastest and is likely to dominate the market. We'll also explore how different parts of the world are using the product or service and what factors are shaping the market there. Meet the big players! We'll introduce you to the top companies in the industry, their market rankings, and their latest moves, like new products, partnerships, expansions, and acquisitions. Company spotlights We'll give you a detailed look at each major player, including their history, insights, product comparisons, and what their strengths and weaknesses are. The future of the market We'll explore what's coming down the pipeline and what opportunities and challenges the industry will face in both growing and developed areas. How the market works We'll analyze the competitive landscape using Porter's Five Forces and the value chain to give you a clear picture of market dynamics and growth potential. Support after you buy For 6 months after you purchase the report, our analysts are here to answer any questions and provide additional insights.

Table of Content

1. Introduction
• Market Definition
• Market Segmentation
• Research Methodology

2. Executive Summary
• Key Findings
• Market Overview
• Market Highlights

3. Market Overview
• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter's Five Forces Analysis

4. Digital Therapeutics Market, By Technology Platform
• Mobile Applications
• Web-Based Platforms
• Wearable Devices

5. Digital Therapeutics Market, By End-User
• Patients
• Healthcare Providers
• Employers

6. Digital Therapeutics Market, By Application
• Diabetes
• Obesity
• Cardiovascular Diseases

7. Regional Analysis
• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE

8. Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market

9. Competitive Landscape
• Key Players
• Market Share Analysis

10. Company Profiles
• Pear Therapeutics
• Akili Interactive Labs
• Omada Health, Inc.
• Click Therapeutics
• Livongo Health (now part of Teladoc Health)
• Propeller Health (part of ResMed)
• WellDoc, Inc.
• 2Morrow Inc.
• Happify Health
• Dthera Sciences

11. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities

12. Appendix
• List of Abbreviations
• Sources and References

 Key Players

The major players in the Global Digital Therapeutics Market are

  • Pear Therapeutics
  • Akili Interactive Labs
  • Omada Health, Inc.
  • Click Therapeutics
  • Livongo Health (now part of Teladoc Health)
  • Propeller Health (part of ResMed)
  • WellDoc, Inc.
  • 2Morrow Inc.
  • Happify Health
  • Dthera Sciences

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