Press release
Digital Therapeutics Market To Witness Heightened Revenue of US$ 8,941.1 Mn by 2025 with Livongo Health, Proteus Digital Health, WellDoc, Inc., Fitbit, Inc., Omada Health, Inc., MANGO HEALTH
Digital Therapeutics Market
The 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 rate in Asia Pacific (APAC) region during the forecast period. Factors such as, increasing prevalence of the chronic diseases, acceptance of the digital health platforms, developments performed by the market players in the countries such as India, China, Australia and others are likely to propel growth of the market.
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Digital Therapeutics Market Competition Landscape and Key Developments:
Propeller Health
CANARY HEALTH
Noom, Inc.
2Morrow Inc.
Livongo Health
Proteus Digital Health
WellDoc, Inc.
Fitbit, Inc.
Omada Health, Inc.
MANGO HEALTH
DIGITAL THERAPEUTICS – MARKET SEGMENTATION
By Application
Diabetes
Cardiovascular Diseases
Central Nervous System (CNS) Disease
Respiratory Diseases
Smoking Cessation
Musculoskeletal Diseases
Other Applications
By Distribution Channel:
Patients
Providers
Payers
Employers
Rising Pressure on Healthcare Providers to Reduce Healthcare Costs:
Digital therapeutics help in reducing the costs associated with chronic diseases, by helping an individual or an insurance provider to keep a track of one’s health status as well as track it with the help of digital means. As per American Diabetes Association, the estimated costs of diagnosed diabetes have risen to $327 billion in 2017, including $237 billion in direct medical costs and $90 billion in reduced productivity. This cost can be managed efficiently by including digital therapeutics that are offered by providers to help manage diabetes, can help patients get assistance with disease management and overcome the logistical challenges uncovered by the investigators.
Table of Contents:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Digital Therapeutics Market Landscape
5. Digital Therapeutics Market – Key Market Dynamics
6. Digital Therapeutics Market – Global Market Analysis
7. Digital Therapeutics Market – Revenue and Forecasts to 2027 – Product Type
8. Digital Therapeutics Market – Revenue and Forecasts to 2027 – Application
9. Digital Therapeutics Market – Revenue and Forecasts to 2027 – Compound
10. Digital Therapeutics Market Revenue and Forecasts to 2027 – Geographical Analysis
11. Industry Landscape
12. Digital Therapeutics Market, Key Company Profiles
13. Appendix
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