Digital Therapeutics Market Therapeutic Survey Reviews, Analysis 2021 | Omada Health Inc., WellDoc Inc., 2Morrow Inc.,Livongo Health

The Global Digital Therapeutics Market Report Forecast 2021 - 2025 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). Further, the report also takes into account the impact of the novel COVID-19 pandemic on the Digital Therapeutics market and offers a clear assessment of the projected market fluctuations during the forecast period. The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

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Top Key Players in the Global Digital Therapeutics Market: Omada Health Inc.; WellDoc Inc.; 2Morrow Inc.; Livongo Health; Propeller Health; Pear Therapeutics; Canary Health Inc.; Noom Health Inc.; Mango Health Inc.; Akili Interactive Labs; Better Therapeutics; Happify Health; Kaia Health; Medtronic Plc; Teladoc Health Inc; Fitbit Health Solutions

The global digital therapeutics market is expected to grow from $3.53 billion in 2020 to $4.20 billion in 2021 at a compound annual growth rate (CAGR) of 19%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The market is expected to reach $10.62 billion in 2025 at a CAGR of 26.1%.

Market Overview and Regional Analysis:

The main product types of digital therapeutics are devices and software. Digital therapeutics devices provide intervention to prevent, manage or treat a disease or medical disorder. This includes devices such as sensors used to track medication usage and location data. The different sales channels include business-to-business (B2B), business-to-consumer (B2C). Digital therapeutics are used in preventive applications and treatment or care-related applications.

North America was the largest region in the digital therapeutics market in 2020. The Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Technological innovation is an emerging trend gaining popularity in the digital therapeutics market. Major companies operating in the market are focused on developing technologically advanced solutions for digital therapeutics to strengthen their position. For instance, in 2020, Boehringer Ingelheim, a Germany-based pharmaceutical company, and Click Pharmaceuticals, a US-based prescription digital therapeutics business, have agreed to collaborate on the development and commercialization of a digital medication for schizophrenia patients worth more than $500 million. The treatment named CT-155 will be a mobile app developed on click's technology platform, according to the company.

In April 2020, Novartis, a Switzerland-based pharmaceutical company acquired Ambylotech for an undisclosed amount. This acquisition is expected to help Novartis to develop Amblyotech's novel digital technology to treat amblyopia or lazy eye through digital therapeutics. Amblyotech is a US-based digital therapeutics company.

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

This report elaborates the market size, market characteristics, and market growth of the Digital Therapeutics industry, and breaks down according to the type, application, and consumption area of Digital Therapeutics. The report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

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Significant Features and Key Highlights of the Reports:

– Detailed overview of Digital Therapeutics Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value.
– Recent industry trends and developments
– Competitive landscape of Digital Therapeutics Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.

Key questions answered

- Who are the Leading key players and what are their Key Business plans in the Global Digital Therapeutics market?
- What are the key concerns of the five forces analysis of the Global Digital Therapeutics market?
- What are different prospects and threats faced by the dealers in the Global Digital Therapeutics market?
- What are the strengths and weaknesses of the key vendors?

The research includes historic data from 2016 to 2021 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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