Press release
Prescription Digital Therapeutics (DTx) Market 2020 Future Opportunities | Leading Players are F. Hoffmann-La Roche, ResMed, Pear Therapeutics, Omada Health, WellDoc, Voluntis, Teva Pharmaceutical Industries, SAMSUNG
Prescription Digital Therapeutics (DTx) Market
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Market Analysis: Global Prescription Digital Therapeutics (DTx) Market
Global Prescription digital therapeutics (DTx) market is rising gradually with a healthy CAGR of 23.35% in the forecast period of 2019-2026. Growing prevalence of cancer worldwide and expanding the application of CRISPR technology by innovative research from the different academic organizations are the key factors for market growth.
Key Market Players:
Few of the major competitors currently working in the global prescription digital therapeutics (DTx) market are Better Therapeutics, LLC, BigHealth, Headspace Inc, Kaia Health, Xealth, Solera Network, F. Hoffmann-La Roche Ltd, ResMed, Pear Therapeutics, Inc, Omada Health, Inc., WellDoc, Inc, Voluntis, Teva Pharmaceutical Industries Ltd, 2Morrow Inc, SAMSUNG among others.
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Market Definition: Global Prescription Digital Therapeutics (DTx) Market
Prescription digital therapeutics is a novel treatment approach that allows software applications to directly treat serious disease. It is designed in such way that it delivers evidence-based treatment anytime, anywhere and even providing clinicians with real-time data on patient progress.
According to the statistics published in Pear Therapeutics, Inc, One in every three adults are suffering from the symptoms of insomnia which contribute up to 30 million adults are living with chronic insomnia in the United States. This growing incidence of cases globally and increase regulatory approvals are acts as market drivers.
Segmentation: Global Prescription Digital Therapeutics (DTx) Market
Prescription Digital Therapeutics (DTx) Market : By Diseases
Type 2 Diabetes Prevention and Management
Substance Abuse
Asthma
Insomnia
Others
Prescription Digital Therapeutics (DTx) Market : By Application
Preventative Care and Wellness
Diagnosis,
Treatment Decision
Others
Prescription Digital Therapeutics (DTx) Market : By Therapies
Medication Augmentation
Medication Replacement
Others
Prescription Digital Therapeutics (DTx) Market : By End Users
Hospitals
Homecare
Specialty Clinics
Others
Prescription Digital Therapeutics (DTx) Market : By Geography
North America
South America
Europe
Asia-Pacific
Middle East & Africa
Key Developments in the Market:
In July 2019, Pear Therapeutics, Inc filed marketing authorization application from the FDA for Somryst, a prescription digital therapeutic (PDT) the treatment of chronic insomnia and depression in adults. If approved, it could become third FDA-authorized PDT indication, representing newer innovation for patients and physicians
In June 2018, Headspace Inc has launched a company Headspace Health which will focus on the creation of a new prescription meditation application by end of 2020. This creation of the new company is the most significant milestone towards healthcare industries to help for treating a range of chronic diseases
Prescription Digital Therapeutics (DTx) Market Drivers :
High prevalence of disease worldwide is driving the growth of this market
High regulatory approvals for digital therapeutics by regulatory authorities is also acting as a driver for the market growth
Promising demonstration of clinical outcomes is boosting the market growth
High demand due to their High cost effectiveness can also act as a market driver
Prescription Digital Therapeutics (DTx) Market Restraints :
Unaffordability of digital therapeutics is restricting the growth for the market
Limited access to novel treatment options for conditions that previously have been untreated or undertreated by traditional medications and therapies which acts as a market restraint
Lack of healthcare budget in some middle-income countries is also hampering the market growth
Reasons to Purchase this Report :
Current and future of global prescription digital therapeutics (DTx) market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
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