Press release
Digital Medicines Market 2021: Future Scope | Top Players are i2Morrow, Ginger.io, Akili Interactive Labs, Livongo Health, AliveCor
Digital medicine is the adoption of evidence-based technologies for diagnosis, prevention, monitoring, and treatment of diseases. Digital medicine is more precise and effective compared to current medical practices. Some of the technologies used in digital medicines include, telemedicine.Increasing approval of products is expected to boost growth of the global digital medicines market. For instance, in 2017, the U.S. Food and Drug Administration (FDA) approved the first digital pill in the U.S. The pill keeps a track of regular medication. Moreover, increasing use of smartphones is also expected to boost growth of the market. For instance, according to Pew Research Center, 2019, over 5 billion people use smartphones worldwide. Healthcare professionals use smartphones in several aspects of clinical practice.
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Increasing awareness of personalized healthcare is expected to boost growth of the global digital medicines market over the forecast period. For instance, according to Dosis Personalized and Digital Medicine Consumer Report surveyed in 2019, one-third of consumers responding to the Dosis report noted they’re familiar with personalized medicine. This was up 4% from the 29% of consumers who noted being familiar with personalized medicine in a 2018 survey from the Personalized Medicine Coalition.
Competitive Landscape
Major players operating in the global digital medicines market include, Akili Interactive Labs, i2Morrow Inc., Ginger.io Inc., Livongo Health, AliveCor Inc., Proteus Digital Health Inc., WellDoc Inc., and Mocacare.
Digital Medicines Market Taxonomy
By Technology
• Mobile Health
• Telehealth
• Wireless Health
• EMR/HER
By Application
• Diabetes
• Asthma
• Heart Disease
• Obesity
• COPD
• Smoking
• Drug Non Adherence
• Mental Health
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa
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