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Digital Therapeutics and Wellness Market will Reach 585 million USD till 2026 with Top Vendor as Welldoc, Ginger
Digital Therapeutics and Wellness
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Pandemic impact on the Global Digital Therapeutics and Wellness Market:
The declining prices, supply-demand gap, and COVID-19 pandemic impact had severe impact on the Digital Therapeutics and Wellness market. Due to the COVID-19 pandemic, the demand for Digital Therapeutics and Wellness has been increasing due to rise in the healthcare throughput, suspension of manufacturing activities, disruption of supply chain, and postponement of the expansion projects across the globe. However, during pandemic period, the growing demand from the food & beverage, and pharmaceutical industries supports to offset the marginal decline in demand caused due to slowdown in the manufacturing sector across the globe.
Global Digital Therapeutics and Wellness Market Dynamics:
Digital therapeutics, a subset of digital health, are evidence-based therapeutic interventions driven by high quality software programs to prevent, manage, or treat a medical disorder or disease. Digital therapeutics (DTx) are a digital health category defined by the Digital Therapeutics Alliance as products that “deliver evidence-based therapeutic interventions to patients that are driven by high quality software programs to prevent, manage, or treat a medical disorder or disease.
The report recognises major industry vendors, key regions, demand & supply, applications, innovations, revenue costs, and challenges. Information according to global Digital Therapeutics and Wellness market segments such as geographies, applications, and industry by considering major players has been given. The report shows market effect factors analysis that precisely emphasizes technology progress/risk, consumer needs/customer preference changes, technology progress in a related industry that draws the growth factors of the market.
The evident quantitative as well as qualitative insights about the Global Digital Therapeutics and Wellness market are covered in the report along with forecast analysis of all the Global Digital Therapeutics and Wellness market that expected to modify the market in the future are described in detail. The segmental analysis also highlights details about different aspects that will influence the market.
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Digital Therapeutics and Wellness Market Players:
Proteus Digital Health, Inc.
Omada Health, Inc.
Welldoc, Inc.
Livongo Health
Noom Inc.
Ginger.Io, Inc.
Propeller Health
2Morrow Inc.
Canary Health Inc.
Mango Health Inc.
Click Therapeutics, Inc.
Pear Therapeutics, Inc.
Akili Interactive Labs, Inc.
Wellthy Therapeutics Pvt. Ltd
Product Type Segmentation:
B2C
B2B
Industry Segmentation:
Preventive Applications
Treatment/Care-Related Applications
Segmentation by Regions:
On the basis of Regional analysis, North America and Europe holds major share in global Digital Therapeutics and Wellness market. Moreover, Asia-Pacific is expected to record higher growth rate in Digital Therapeutics and Wellness Market during the forecast year.
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Top Industry News:
Welldoc Announces Collaboration with Dexcom to Enhance the Value of BlueStar with the Dexcom G6 CGM System on 11 March, 2021 -- Welldoc, a leading digital health company, announced today a collaboration with Dexcom, the global leader in continuous glucose monitoring (CGM) systems for people with diabetes. Welldoc and Dexcom signed an initial data partnership in 2019. This new collaboration will allow Welldoc’s award-winning BlueStar, a digital health product for individuals living with type 1 and type 2 diabetes, to deliver insights to Dexcom G6 CGM system users. These insights go beyond glucose trends to inform individuals how their glucose is being affected by other key parameters, including medication adherence, activity, nutrition, sleep and more. The parties will also explore additional opportunities with Welldoc customers to leverage a more integrated offering.
“This is a pivotal time for those in digital health to work together to combine our expertise – in the utilization of technology and data science to drive user engagement and clinical outcomes,” said Welldoc CEO Kevin McRaith. “This partnership is a significant milestone for Dexcom, Welldoc, healthcare providers, and most importantly for those living with diabetes. These are the types of collaborations that will move the needle forward in improving population health.”
BlueStar is an FDA-cleared digital health solution for type 1 and type 2 diabetes. It engages people with diabetes and delivers precision feedback to help improve long-term health. In addition to the new collaboration with Dexcom, BlueStar also integrates with blood glucose meters, pharmacies, labs and activity and fitness trackers, to make managing everyday life as simple as possible. On the backend, BlueStar aggregates various dimensions of data to deliver actionable insights to the individual’s own care team, providing new opportunities to optimize care.
“Dexcom is thrilled to integrate our G6 data into the Welldoc BlueStar platform to deliver an actionable digital solution to people with diabetes and their healthcare providers,” said Matt Dolan, general manager of new markets for Dexcom. “Now that users can view Dexcom CGM values alongside many other important data types with BlueStar, we hope people with diabetes can better manage their condition in a way that is both personalized and effective.”
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