Press release
Digital Therapeutics Market is Expected to Reach $11.11 bn by 2026
The Digital Therapeutics Market was valued at US$2.39 billion in the year 2018 and is estimated to reach US$11.11 billion by 2026, at a CAGR of 21.2%.Digital Therapeutics are evidence-based interventional treatment devices that use software to collect real-time data, assess the condition and provide appropriate treatment to the patients. Specifically, prescription-based digital devices deliver treatment anywhere anytime even through smartphones for several diseases and disorders which include insomnia, sleep apnea, diabetes, schizophrenia, Alzheimer's disease, migraine, multiple sclerosis, etc. The data collected from patients holds a promising approach with more customizable and individual treatment plans. Besides, it also reduces frequent visits to hospitals.
Increase in the incidence of chronic disorders, more connectivity through use of smartphone and internet that can help in acquiring real-time data, reduces expenses spend on healthcare, improves the drug adherence among the affected population, ease of use and patient friendliness are the key drivers that are expected to contribute to the CAGR of about 21% during the forecast period. However, stringent regulations for approval of the devices, high cost of therapeutic devices and hesitation for the patients to trust the therapeutic devices due to lack of awareness are the major market restraints. Besides, data security and data theft are major concerns that probe the reliability of the devices. Further, the resistance from traditional healthcare providers is likely to hamper the market growth.
Acceptance of new technologies and implementation, increasing awareness to reduce to the medical expenses, reduce the visit to physicians are driving the North American region to hold more than 50% of the market share. The Asia Pacific is one region which has experienced vast technological growth in the past two decades. With the launch of smartphones with the latest technology and better connectivity and then medical fraternity open to testing technological developments, the market is expected to reach significant strides during the forecast period. Among the sales front, business to business (B2B) model is constantly creating awareness among several stakeholders regarding the advantages of digital therapeutics.
Request for Sample Pages @ https://www.optimainsights.org/sample-request/150-digital-therapeutics-market
Optima Insights provides the latest update on the industry trends, products & pipeline analysis with country, regional and global revenue forecast till the year 2026. The analysis report has been segmented into Product (Devices & Software); Application (Musculoskeletal, Diabetes, Smoking Cessation, Central Nervous System, Cardiovascular, Chronic Respiratory Syndrome (CRD), Ophthalmology & Neurology); Sales Channel (Business-to-consumers & Business-to-Business); and Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa)
Major companies which contribute to the growth of digital therapeutics market include GE Healthcare, Proteus Digital Health, Inc., Glooko, Inc, Digital Therapeutics, Inc, 360Medlink Inc, Medtronic, Voluntis, Neurolief, GAIA Ag, Biofourmis, Bupa, Dthera and many more...
Recent Updates
o Neurolief, a developer of next-generation digital therapeutics brain neuromodulation technology, announced that it had obtained CE mark for its Relivion(TM) non-invasive, adaptive digital treatment for migraine.
o Powered by Solera Health, Blue Shield of California launches a new digital therapeutics platform that will provide programs to eligible members at no cost to them.
o Americans get access to the app which tackles sleeplessness after CVS health set up a way for the treatment to be paid for in the same way as a drug, as US insurers agree to pay for insomnia app
Research Scope
o Provides a detailed Analysis of the Market Structure along with forecast of the various segments and sub-segments.
o Provides a Comparative Analysis of Key Marketed and Pipeline Products.
o Provides Key Information on Players involved.
o Provides a Complete Overview of Market Segments and the Regional Outlook.
o Provides In-depth Coverage of Key News, including Major Mergers, Acquisitions and Product Development updates such as clinical trial progression updates and regulatory updates.
The Report Provides Key Insights on
History of the Digital Therapeutics Market, 2015 to 2017
Forecast of the Digital Therapeutics Market Growth till the year 2026
The key market drivers, restraints, challenges, future opportunities and the market dynamics driving the Digital Therapeutics Market
Analysis of potential growth segments which will drive the market
Landscape analysis of the major companies, and new market entrants and companies which possess disruptive technologies which can change the trend of the entire market
Key market approaches adopted by the organizations and in-depth intelligence of potential strategies which could alter the market dynamics
Request for TOC @ https://www.optimainsights.org/request-toc/150-digital-therapeutics-market
Contact
Optima Insights
Mr Chucks G
+91 966 6620 365 (Asia) | +1 424 2554 365 (US)
Email: sales@optimainsights.org
https://www.optimainsights.org
About Us
Optima Insights is an innovative research and insights-driven enterprise committed to offering actionable intelligence to the global life science and healthcare market. We believe that meaningful insights and improved strategic content hold the key to improved ROI for our clients. We strike an innovative engagement model with our clients to Co-Create Intelligence that would address very specific issues facing them within their functional areas. We continuously support clients through the entire journey map to enable them to make better business decisions towards attaining market leadership.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Digital Therapeutics Market is Expected to Reach $11.11 bn by 2026 here
News-ID: 1927101 • Views: …
More Releases from Optima insights Pvt Ltd
Endometriosis Treatment Market is Expected to Reach $3.43 bn by 2027
The Endometriosis Treatment Market was valued at US $2.64 billion in the year 2019 and is estimated to reach US $3.43 billion by 2027, at a CAGR of 3.36%.
The growth of tissue outside the uterus similar to lining of uterus (endometrium) refers to Endometriosis. Areas of endometrial tissue growth often occur in ovaries, fallopian tubes, peritoneum and outer surfaces of bladder, uterus, intestines, and rectum and rarely spread beyond pelvic…
Inflammatory Bowel Disease (IBD) Treatment Market is Expected to Reach $15.5 bn …
The Inflammatory Bowel Disease (IBD) treatment market share was US$ 11.38 Bn in the year 2018. The market is anticipated to grow at a rate of 3.94%, through the forecast period to reach US$ 15.5 Bn by the year 2027.
Inflammatory Bowel Disease (IBD) usually denotes disorders characterized by the inflammation in the digestive system. Inflammatory Bowel Disease (IBD) and Irritable Bowel Syndrome are two different disorders that are often confused…
Polycystic Ovarian Syndrome (PCOS) Treatment Market is Expected to Reach $5.59 b …
The Polycystic Ovarian Syndrome (PCOS) Treatment Market was valued at US $3.74 billion in the year 2019 and is estimated to reach US $5.59 billion by 2027, at a CAGR of 5.18%.
Polycystic Ovarian Syndrome (PCOS), also referred to as Stein-Leventhal syndrome is a hormonal disorder characterized by enlarged ovaries and formation of numerous small cysts (fluid-filled sacs) on the outer edges of the ovaries. Symptoms of PCOS include irregular periods,…
Veterinary Vaccines Market is Expected to Reach $13.51 bn by 2027
The Veterinary Vaccines Market was valued at US $7.91 billion in the year 2018 and is estimated to reach US $13.51 billion by 2027, at a CAGR of 6.13%.
Generally, vaccines are effective in preventing infectious diseases. Veterinary vaccines especially reduce the burden of the disease in animals and also helps in preventing several zoonotic diseases also. There are four types of veterinary vaccines available depending on preparation type, they are…
More Releases for Digital
Digital Therapeutics Market, Digital Therapeutics Market Size, Digital Therapeut …
The global digital therapeutics market is expected to reach US$ 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.
North America is the largest geographic market and it is expected to be the largest revenue generator during the forecast period, whereas the market is expected to witness growth at a significant…
Digital Advertising on Mobil Market Analysis 2019 Top Growing Companies: Adverti …
Digital Advertising on Mobil Market
Digital Advertising on Mobile Market is a type of advertising that shows that mobile devices such as smart phones and tablets have wireless connectivity. For mobile devices with fewer lenses than computers or laptops, digital media formats are often the most suitable for small displays through outputs. Telephone advertising is the communication of products or services of mobile devices and consumers. Telephone announcements range from…
Digital Package Market Size by Analyzing Historical Data, Future Prospect and Ke …
Global Digital Package Industry 2019-2025 Market Research Report explores an in-depth insight of Digital Package Market covering all important parameters including development trends, challenges, opportunities, key manufacturers and competitive analysis. This in-depth market report, which is updated every year, provides all you need to know about the global Digital Package market. The report includes the market volumes for Digital Package present and latest news and updates about the market situation.Digital…
Digital Display Market Future Growth with Worldwide Players (Digital Virgo, Digi …
Digital Display Industry 2019 Global Market 2025 research report represents the historical overview of current Market situation, size, share, trends, growth, supply, outlook and manufacturers with detailed analysis. It also focuses on Digital Display volume and value at global level, regional level and company level. From a global perspective, this report represents overall Digital Display market size by analyzing historical data and future prospect.
Get Sample Copy of this Report -…
Top Key Players like Digital Brand Architects, Marketing Factory Inc., Digital A …
Digital Marketing Strategy is the series of actions that help you to achieve your company goals through carefully selected online marketing channels. These channels include paid, earned, and owned media, and can all support a common campaign around a particular line of business. Here we include some digital marketing strategies that can help to grow business in future: Setting a Goal, Creating a Marketing Funnel, Developing a call-to-action, creating an…
Digital Video Recorder Market - Digital Technology With The Adoption of Digital …
A digital video recorder (DVR) is an electronic device that records video in a digital format to a hard disk drive (HDD), solid state drive (SSD), USB flash drive, SD card, or other mass storage devices. Digital video recorders include set-top-boxes, television sets, personal computers, camcorders, and media players with recording capability. Digital video recorders are used mainly for entertainment and security and surveillance applications. Fast data retrieval, less storage…
