Global Digital Therapeutics Market to 2025- Analysis and Forecasts by Leading Players Propeller Health, Noom, 2Morrow, Livongo Health, WellDoc, Fitbit, Omada Health
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.
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., MANGO HEALTH and among others.
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The global digital therapeutics market is segmented into application, distribution channel, and geography. The digital therapeutics market is segmented into diabetes, cardiovascular disease, central nervous system disease, respiratory diseases, smoking cessation, musculoskeletal disease and others, by application. Based on the distribution channel, the market is classified as patients, providers, payers, and 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.
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.
The company players are indulged into development of innovative products and programs to cater the demands of the users in digital therapeutics market. For instance, in September 2018, Livongo Health launched first cellular-enabled blood pressure monitoring system in the U.S. that allows for easy checking and reporting from home.
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GLOBAL DIGITAL THERAPEUTICS MARKET - KEY MARKET DYNAMICS 34
4.1 KEY MARKET DRIVERS 34
4.1.1 Rising Prevalence of Chronic Diseases 34
4.1.2 Rising Pressure on Healthcare Providers to Reduce Healthcare Costs 35
4.1.3 Rising in the Number of Partnerships and Collaborations in the Market 35
4.2 KEY MARKET RESTRAINTS 36
4.2.1 Cyber Threat and Rise in Data Security 36
4.3 KEY MARKET OPPORTUNITY 36
4.3.1 Large Number of Undiagnosed Population 36
4.4 FUTURE TREND 38
4.4.1 Increase in the Number of Start Ups 38
4.5 IMPACT ANALYSIS 39
5. DIGITAL THERAPEUTICS MARKET- GLOBAL ANALYSIS 40
5.1 GLOBAL DIGITAL THERAPEUTICS MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN) 40
5.2 GLOBAL DIGITAL THERAPEUTICS MARKET, BY GEOGRAPHY - FORECASTS AND ANALYSIS 41
5.3 PROMINENT PLAYERS 42
5.4 PERFORMANCE OF KEY PLAYERS 42
5.4.1 Propeller Health 42
5.4.2 CANARY HEALTH 42
5.5 EXPERT OPINIONS 43
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