Global Digital Therapeutics Market, Trends, Analysis, Opportunities, Share and Forecast – 2019-2025

Factors driving the growth of the global digital therapeutics market are growing need to control health care costs and an upsurge in the incidence of chronic diseases. However, lack of awareness toward digital therapeutics acts as a key constraint for market growth. Moreover, high growth potential in the developing economies is anticipated to offer significant growth opportunities for the digital therapeutics market. Growth of the digital therapeutics market is mainly attributed to rising pressure on healthcare providers that reduces health care costs, rising prevalence of chronic diseases. It also increases the number of partnerships and collaborations in the market and is the major factor that anticipated to propel the growth for the digital therapeutics market in the forecast period. 

The global digital therapeutics market accounted $1,8512 million in 2018 and is expected to reach $7,833 million by 2025 at a CAGR of 20.5% during 2018-2025.

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By application, the obesity segment is projected to be one of the most lucrative segments during the forecast period fpr the digital therapeutics market, This is because of a rise in the obese population and an increase in the number of cases where treatments are done via smartphone applications for the obese population. For Example, according to the WHO, in 2016, more than 1.9 billion adults in the age group of 18 years and above, were overweight, and of these, over 650 million were obese. Several companies have launched a variety of digital therapeutics products contributing to the market growth.

Asia-Pacific is projected as the fastest-growing segment in the market till 2025, owing to rapid improvements in healthcare infrastructure and an increase in the penetration of smartphones in developing countries such as India and China. North America would remain the dominant region throughout the forecast period having a contribution of 41% of the total market share. It is due to a large number of new product launches and favorable reimbursement scenario in the U.S.

Key players operating in the global digital therapeutics market include Proteus Digital Health, Inc., Omada Health Inc., WellDoc, Inc., 2Morrow, Inc., Livongo Health, Propeller Health, Twine Health, Inc., Canary Health, Inc. Noom Inc., and Medtronic Plc. The other players operating in the value chain are BiogenoQ Inc., Claritas Mindsciences, Jintronix Inc., Virta Health Corp., and Dthera Sciences, among others.

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