Press release
Digital Therapeutics Market Exploring Future Growth 2018-2025 and Key Players - Propeller Health , CANARY HEALTH , Noom , 2Morrow , Livongo Health , Proteus Digital 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 digital therapeutics market is estimated to grow with a CAGR of 20.8% during the forecast period from 2018 to 2025.The growth of the digital therapeutics market is primarily attributed to the rising pressure on healthcare providers to reduce healthcare costs, rising prevalence of chronic diseases and rising in the number of partnerships and collaborations in the market are the major factors that anticipated to propel the growth for the digital therapeutics market in the forecast period. However, increasing rate of cyber threat and rise in data security issues are expected to act as major challenges hindering the market growth. On the other hand, large number of undiagnosed population is expected to be prevalent future trend in the global digital therapeutics market
The List of Companies:
Propeller Health , CANARY HEALTH , Noom , 2Morrow , Livongo Health , Proteus Digital Health , WellDoc, Fitbit, Omada Health, MANGO HEALTH
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Global digital therapeutics market segmented into by application and distribution channel. Based on application, the market is segmented into diabetes, cardiovascular disease, central nervous system disease, respiratory diseases, smoking cessation, musculoskeletal disease, and others. On the basis of distribution channel, the digital therapeutics market classified as patients, providers, payers and employers.
Major Applications of Digital Therapeutics Market covered are:
Diabetes
Cardiovascular Diseases
Central Nervous System (CNS) Disease
Respiratory Diseases
Smoking Cessation
Musculoskeletal Diseases
Distribution Channel:
Patients
Providers
Payers, and Employers
The diabetes segment anticipated to the fastest and largest growing segment in the forecast period. The body’s inability to produce or effectively utilize the hormone insulin, caused diabetes. This inability prevents the body from adequately regulating blood glucose levels. Digital therapeutics help to monitor the blood glucose level of patients, which helps in reducing the prevalence of diabetes across the globe. The increasing prevalence of diabetes help to enhance the demand for digital therapeutics that majorly helps in increasing the growth of this market.
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Table of Content
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Digital Therapeutics Market Size
2.2 Digital Therapeutics Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Digital Therapeutics Market Size by Manufacturers
3.2 Digital Therapeutics Key Players Head office and Area Served
3.3 Key Players Digital Therapeutics Product/Solution/Service
3.4 Date of Enter into Digital Therapeutics Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Global Digital Therapeutics Sales by Product
4.2 Global Digital Therapeutics Revenue by Product
4.3 Digital Therapeutics Price by Product
5 Breakdown Data by End User
5.1 Overview
5.2 Global Digital Therapeutics Breakdown Data by End User
The patients segment is expected to be the largest and fastest growing segment in the coming years. The increasing prevalence of diabetes helps to drive the market. Moreover, rise in the number of cases of dementia and Alzheimer’s disease also help to upsurge the demand for digital therapeutics in the forecast period.
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The digital therapeutics market was estimated through extensive primary and secondary sources that includes a vast array of government authorized websites such as Centers for Disease Control and Prevention (CDC), Habib Medical Group (HMG), Indian Council Of Medical Research (ICMR), International Diabetes Federation (IDF), World Health Organization (WHO) and others. The primary respondents included chair-holders and representatives of the demand and supply side for healthcare industries as well as medical professionals at digital therapeutics device manufacturing companies, hospitals, and research centers.
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