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Digital Medicines Market 2021: Future Scope | Top Players are i2Morrow, Ginger.io, Akili Interactive Labs, Livongo Health, AliveCor

06-17-2021 02:42 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent Market Insights

Digital Medicines Market

Digital Medicines Market

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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Coherent Market Insights' market intelligence service provides a comprehensive view of the market, using the existing sources of information. Our market intelligence service addresses key challenges of a market; helps in finding opportunities across various industries, and helps potential investors and partners to support the strategic decision-making process.

Industry analysis is a crucial step in the current competitive market space that helps identify the right target customers and provide tailored solutions according to their business needs. Every aspect and unique challenge put forth by a particular industry is carefully taken into consideration while formulating these solutions. It also takes into consideration various government reforms, competitive environment, customer behavior, existing and upcoming business models, and ever evolving technological developments. Industry analysis helps an organization formulate strategies and policies of a business.

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