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The Global Digital Therapeutic (DTx) Market - 2021 Post-Covid Business Insights and Development Analysis

08-19-2021 07:18 PM CET | Health & Medicine

Press release from: INFINITY BUSINESS INSIGHTS

Digital Therapeutic (DTx)

Digital Therapeutic (DTx)

Digital therapeutics is a subset of digital health; however, not all digital health solutions are also digital therapeutics. The distinction between digital health and digital medicines is determined by patient clinical outcomes. Consumer health-oriented devices such as step-counters and calorie-counters, for example, are not included in digital therapies.

The Global Digital Therapeutic (DTx) Market Projected To Reach CAGR of 31.50% from 2021 to 2027

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The COVID-19 pandemic is expected to have a moderate impact on the overall growth of the global industry. Private investments in the development of technology are expected to slow in 2020 because of Digital Therapeutic (DTx) market changes and economic uncertainty in numerous regions of the world. As the telecommunications industry continues to place a priority on network resiliency and reliability, the Digital Therapeutic (DTx) market is expected to grow in the post-COVID-19 future. Case studies, downstream and upstream value chain research, technical trends, and Porter's five forces analysis are just a few of the data sources used to forecast market scenarios for specific countries. The presence and availability of global brands, as well as the hurdles they encounter owing to strong or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes, are all taken into account when offering forecast analysis of national data.

Prime players of the Digital Therapeutic (DTx) market: Noom (US), Livongo Health (US), Omada Health (US), WellDoc (US), Pear Therapeutics (US), Proteus Digital Health (US), Propeller Health (US), Akili Interactive Labs (US), Better Therapeutics (US), Happify (US), Kaia Health (Germany), Mango Health (US), Click Therapeutics (US), Canary Health (US), Wellthy Therapeutics (India), Cognoa (US), Ayogo Health (Canada), Mindstrong Health (US), 2Morrow (US), and Ginger (US),& Others.

Owing to the region's developing technological breakthroughs in this field, North America and Europe dominate the Digital Therapeutic (DTx) market. Asia-Pacific is expected to grow the fastest from 2021 to 2027, owing to the increasing geriatric population and the presence of key economies such as China and Japan. Individual market influencing elements and regulatory changes in the domestic market are also covered in the country section of the research, as they have an impact on the market's current and future trends.

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