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Digital Therapeutics Market 2018 | Competitive Landscape and Key Player Analysis to 2025 - Propeller Health, CANARY HEALTH, Noom, 2Morrow Livongo Health, Proteus Digital Health, WellDoc, Fitbit, Omada Health and MANGO HEALTH
Digital Therapeutics Market
The global digital therapeutics market is expected to reach US$ 8,941.1 Mn by 2025 from US$ 1,993.2 Mn in 2017. The market is estimated to grow with a CAGR of 20.8% during the forecast period from 2018 to 2025.
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Global digital therapeutics market is expected to grow in the coming years, owing to the rising pressure on healthcare providers to reduce healthcare cost in the market. The fiscal pressure and patent cliffs compel healthcare providers to cut on drug prices, encourage the use of generics and scale back the reimbursement. This in turn is gradually reducing the profit margins and annual net sales of the healthcare companies that leads to immediate requirement of a strategic plan so as to cut down on the operational costs.
The major players operating in the digital therapeutics market
The major players operating in the digital therapeutics market include Propeller Health, CANARY HEALTH, Noom, Inc., 2Morrow Inc., Livongo Health, Proteus Digital Health, WellDoc, Inc., Fitbit, Inc., Omada Health, Inc., and MANGO HEALTH and among others. The market players are focused towards bringing new and innovative program and product launches to sustain their position in the market. For instance, in November 2017, Fitbit, Inc. launched in Argentina with its Fitbit Versa, Fitbit Ionic and Fitbit Ionic adidas Edition smart watches and Fitbit Charge 3 fitness tracker devices. Additionally, in September 2018, Fitbit, Inc. launched Fitbit Care device that combines health coaching and virtual care through the new Fitbit Plus app.
Digital therapeutics provide evidence-based therapeutic intrusions to patients that focusses on the treatment of diseases with the programs, management using the high quality software. Digital therapeutics have made progress in the last few years, harnessing technology for the supplement or potentially replace traditional clinical therapy. They are used independently or in concert with devices, medications, or other therapies for the optimization of patient care and health outcomes. The report would be of an interest to various stakeholders operating in the digital therapeutics. These stakeholders include healthcare institutes, medical therapeutics manufactures and suppliers, academic & research institutes, digital machine manufacturers and vendors, distributors and others.
Global Digital Therapeutics Market – By Application
-Diabetes
-Cardiovascular Diseases
-Central Nervous System (CNS) Disease
-Respiratory Diseases
-Smoking Cessation
-Musculoskeletal Diseases
-Other Applications
Global Digital Therapeutics Market – By Distribution Channel
-Patients
-Providers
-Payers
-Employers
The objective of the study is to describe, define, and forecast the digital therapeutics market by application, distribution channel, and region. The report also provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and trends). The report helps to analyze market with respect to individual growth trends, prospects, and contributions to the overall Digital Therapeutics market.
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The report analyzes factors affecting market from both demand and supply side and further evaluates digital therapeutics market dynamics effecting the digital therapeutics market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions. The report also includes the profiles of key manufacturing companies along with their SWOT analysis and market strategies.
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