openPR Logo
Press release

Digital Therapeutics Market is in Demand as Rising Adoption of Technology

08-10-2021 03:17 PM CET | Health & Medicine

Press release from: AllTheResearch

Digital Therapeutics Market is in Demand as Rising Adoption

Increased penetration of technical gadgets like smartphones, laptops, tablets in healthcare, rising chronic diseases with effective and controlled cost of therapies, increasing government initiative for preventive healthcare and growing technological advances drives the growth of digital therapeutics market.

The Global Digital Therapeutics Market was valued at USD 3.7 billion in 2020, and it is expected to reach USD 14.3 billion by 2027, with a CAGR of 21.3 %, during the forecast period-2021-2027.

Request a Sample Report- https://www.alltheresearch.com/sample-request/464

Digital therapeutics are changing the healthcare and medicine delivery system with evidence-based technologies in order to improve patient outcomes. Digital therapeutics helps to deliver medical therapies or treatments directly to the patients using scientific reports, clinically evaluated software used to treat patients, their management and used for the prevention of chronic diseases or disorders.
Digital therapeutics products have the same set of standards and regulations as that of traditional medicinal products and treatments. Digital therapeutics must follow some of the core values like product safety, patient centricity, privacy, quality, and ongoing clinical trials impact on the product.

Digital therapeutics helps to reduce the gaps between technology and the patients by delivering treatments or therapies through smartphones or tablets, by increasing patient access to the safety and effectiveness associated with the treatments, presentation of information in different languages, providing relevant information related to the diseases and treatments and expanding physicians' ability to care for patients.

There is increase in demand for the digital therapeutic products with rise in adoption and acceptance of smartphones and tablets for healthcare delivery system across the globe. On the contrary, there is lack of awareness and availability of digital therapeutics system in developing countries. This provides an opportunity for the players to explore untapped markets of developing countries to gain significant profit in the digital therapeutics industry.

Covid-19 pandemic has shuffled entire healthcare system all over the world. This gave an opportunity for the growth of the digital therapeutics market by increase in prevalence of mental disorders and awareness regarding digital therapies.

Digital therapeutics is broadly segmented on the basis of applications, sales channel and region. Based on the applications, the market is segmented into prediabetes, nutrition, obesity, lifestyle management, diabetes, cardiovascular, chronic respiratory disorders, gastrointestinal disorders, and rehabilitation. Diabetes held the largest market share in year 2020. This is due to rise in diabetic population across the world and patients requires effective diseases management which boost the growth of digital therapeutics market growth. Further, based on sales channel, in caregiver channel accounted for largest share of digital therapeutics market and providers segment is expected to grow with highest CAGR in coming years. Geographically, North America dominated the digital therapeutics market in year 2020 and it is expected to expand more during the forecast period. Presence of advanced technology, developed healthcare infrastructure, and rising chronic diseases surge the demand for digital therapeutics market.

Major players operating in the digital therapeutics market include Noom, Livongo Health, Omada Health, Pear Therapeutics, Proteus Digital Health, Propeller Health, Mango Health, Akili Interactive Labs, Better Therapeutics, Happify, Kaia Health, WellDoc, and Click Therapeutics.

Digital Therapeutics Market Key Findings:

Based on application, diabetes segment accounted for the highest market share in 2020 and anticipated to increase more during forecast period. Obesity segment also captured significant share in 2020.
Based on sales channel, caregiver segment accounted for the largest market share. However, providers segment is projected to grow at the fastest rate during the forecast period.
Based on Geography, North America dominated the market in year 2020 and Asia Pacific is expected to propel the market with the highest CAGR during the forecast period.

Digital Therapeutics Market Recent News:

In June 2021, Epillo Health System launched EHR system for clinics and pharmacies and mobile app to the patients which provides medical reports and prescriptions. It is web-based INTRx Clinical system helps to manage patients' health, lab/diet reports and monitors diseases. It also helps to manage finances and appointments.

In June 2021, an India based digital therapeutic company, Fitterfly, launched digital recovery programme for diabetic patients who contracted COVID-19, which helped patients to contact with their family and groups, virtual discussions

The Global Digital Therapeutics Market Segmentation:
The Global Digital Therapeutics Market is segmented on the basis of Applications, Sales Channel, and by Region.

By Applications
Preventive
Prediabetes
Nutrition
Obesity
Lifestyle Management
Treatment/Care
Diabetes
ardiovascular
Chronic Respiratory Disorders
Gastrointestinal Disorders
Rehabilitation

By Sales Channel
Patient
Caregiver
Employer
Providers
Others

By Geographical Region
North America
Europe
Asia- Pacific
South America
Middle East & Africa

Digital Therapeutics Market Company Profiles and Competitive Intelligence

The key players operating in the market are:
Noom
Livongo Health
Omada Health
WellDoc
Pear Therapeutics
Proteus Digital Health
Propeller Health
Akili Interactive Labs
Better Therapeutics
Happify
Kaia Health
Mango Health
Click Therapeutics
Canary Health

Read More- https://www.alltheresearch.com/report/464/global-digital-therapeutics-market

Contact Name: Rohan S.
Email: contactus@alltheresearch.com
Phone: +1 (407) 768-2028

AllTheResearch was formed with the aim of making market research a significant tool for managing breakthroughs in the industry. As a leading market research provider, the firm empowers its global clients with business-critical research solutions. The outcome of our study of numerous companies that rely on market research and consulting data for their decision-making made us realize, that it's not just sheer data points, but the right analysis that creates a difference. While some clients were unhappy with the inconsistencies and inaccuracies of data, others expressed concerns over the experience in dealing with the research-firm. Also, same-data-for-all-business roles were making research redundant. We identified these gaps and built AllTheResearch to raise the standards of research support.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Digital Therapeutics Market is in Demand as Rising Adoption of Technology here

News-ID: 2351236 • Views: 226

More Releases from AllTheResearch

Demand for 5G Antenna Market to Witness Rapid Surge During the Period 2021-2027
5G Antenna Market by Type (Switched Multi-Beam Antenna, Adaptive Array Antenna); by Technology (SIMO, MISO, MIMO); by Application (Mobile Phones, Factory Automation, IoT, Connected Vehicles, Others); and by Region (North America, Europe, Asia Pacific, Latin America, MEA); - Global Forecasts 2021 to 2027 The Global 5G Antenna Market is an emerging market in the present years. The report covers the present and past market scenarios, market development patterns, and is likely
AI Sensors Market to Grow at CAGR of 36.5% Through 2021 to 2027
AI Sensors Market by Type (Case-based Reasoning, Ambient-intelligence, Neural Networks, Inductive Learning, Other); by Application (Biosensor, Health Monitoring, Maintenance and Inspection, Human-computer Interaction, Others); and by Region (North America, Europe, Asia Pacific, Latin America, MEA); - Global Forecasts 2021 to 2027 AI Sensors Market was valued at USD 15.6 Billion in 2020 and is expected to reach USD 138.5 Billion by 2027, with a growing CAGR of 36.5% during the forecast
Last Mile Delivery Market Will Expand at CAGR of 18.9% by 2027
Last Mile Delivery Market by Vehicle (Light Duty Vehicle, Medium Duty Vehicle, Heavy Duty Vehicle), by Cargo (Dry Goods, Postal, Liquid Goods), by End User (Chemical, Pharmaceutical and Healthcare, FMCG, E-Commerce) by Region (North America, Europe, Asia-pacific, Rest of the World): Global Forecasts 2021 To 2027. The global Last Mile Delivery Market was valued at USD 18.7 Bn in 2020, and it is expected to reach USD 62.7 Bn by 2027,
Advanced Tire Market Will Expand at CAGR of 19.1% by 2027
The latest market research report “Advanced Tire Market By Material type (Natural Rubber, Synthetic Rubber, Steel, Elastomers, Others); By Type (Pneumatic Tires, Run Flat Tires, Airless Tires); By Technology (Chip Embedded Tires, Self-Inflating Tires, Multi Chamber Tires, All In One Tires); By Vehicle Type (Light Duty Vehicles, Heavy Duty Vehicle, Agricultural Tractors, Construction & Mining Equipment, Industrial Equipment); By Region, Opportunity Analysis and Industry Forecast, 2021–2027” published by AllTheResearch, features

All 5 Releases


More Releases for Digital

Advanced Digital Marketing Course
Digilearnings is introducing a practical learning based course which is the most trending and interesting course currently i.e. ADMC ( advanced digital marketing course). Advanced Digital marketing course is specially designed by the professionals of Digilearnings to help students who want to make their career in the Digital Marketing field. The team of Digilearnings has specially designed this course by keeping in mind the growing sector of Digital Marketing. The Advanced Digital Marketing
Digital Radiography – Digitizing Healthcare
Increasing health consciousness and growing awareness about the same are leading to higher footfalls in diagnostic laboratories. This is contributing towards overall growth of diagnostics market. Furthermore, digitization in healthcare sector is easing patient diagnosis, providing accurate and faster test results. X-ray being the most conventional and effective diagnostic tool, digitization in the X-ray system has gained a strong foothold in diagnostic laboratories across the globe. Also, with more research
Room Sensors Become Digital
The EE10 room sensors from E+E Elektronik measure accurately the relative humidity and temperature in commercial and residential buildings. Besides existing versions with analogue outputs, the devices are now also available with Modbus RTU or BACnet interface, which facilitates integration into modern climate control systems. The functional enclosure allows for fast and easy installation. The EE10 room sensors family includes models for humidity and temperature measurement as well as for temperature
Digital Twin
Innovations in sciences and technological advances will drive the development of different types of sensors. The demand for sensors in industries is increasing as they offer various advantage such as low cost and low power consumption. Publisher’s market study identifies the developments in sensor technologies and communication devices to be one of the primary growth factors for the digital twin market. Also, these sensors aid in enterprise mobility, remote monitoring,
Digital Currency & Cryptocurrency – A New Digital Future
Digital currency, also known as Digital money, is a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and accepted among the members of a specific Digital community. The Financial Crimes Enforcement Network (FinCEN), a bureau of the US Treasury, defined Digital currency in its guidance published in 2013. In 2014, the European Banking Authority defined Digital currency as “a digital representation of
TrendSights Analysis: Digital Consumption: Understanding digital culture
"The Report TrendSights Analysis: Digital Consumption: Understanding digital culture provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz" The overall time spent consuming digital content has already surpassed all other media sources altogether (TV, radio, print), which represents a new shift in the way consumers are engaging with digital consumption. In order not to be excluded from the digital world, brands are developing