Digital Therapeutics Market Size Worth USD 24.84 Billion by 2028 at 26.7 % CAGR

Digital Therapeutics Market Analysis Overview:

In a recent research report by Market Research Community, the Digital Therapeutics Market is expected to surpass USD 24.84 Billion by the year 2028, from USD 4.74 Billion in 2021.

As a subset of digital health, digital therapeutics uses software that is based on clinical research to deliver therapeutic interventions to patients directly. All platforms and technology that offer digital solutions to improve the healthcare delivery are collectively referred to as "digital health." Telehealth, mobile health, smart gadgets, wearable technology, sensors, and other digital health technologies are examples.

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Top Key Players of the Digital Therapeutics Market:

Omada Health, Inc., WellDoc, Inc., 2Morrow, Inc., Livongo Health, Inc. (Teladoc Health, Inc.), Propeller Health, Fitbit Inc., Canary Health, Mango Health, Noom, Inc., Pear Therapeutics.

On the Basis of Application:
Diabetes,
Obesity,
CVD,
Respiratory Diseases,
Smoking Cessation,
CNS Diseases,
Others

Smoking cessation, CVDs, and obesity are the segments estimated to supplement the growth of the market during the forecast period. The rising adoption of digital therapeutics in managing diseases is estimated to drive the growth of the segment. Some of the digital therapeutics include Respiro by Amiko, Propeller by Propeller Health, CareTRx by Teva, and others. These therapeutics have the potential to transform the treatment of COPD and asthma which is projected to boost the growth of the market.

The Asia Pacific is predicted to gain a larger market attraction during the forecast period. This growth of the market is attributed to the surge in demand for effective healthcare and a rise in smartphone penetration. Further, advanced internet facilities and high-speed networks are the factors estimated to support the growth of the market. Additionally, increased government expenditure on healthcare, and demand for personal care devices and related services, is also expected to accelerate digital therapeutics market growth.

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Regional Analysis:
North America- (U.S., Canada, Mexico)
Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)
Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific)
Latin America- (Brazil, Argentina, Chile, Rest of Latin America)
Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA)

By End User:
Patients
Providers
Payers
Employers
Others

The market is projected to grow at a significant pace reaching a CAGR of approximately 26.7%, over the forecast period of 2022-2028, despite a considerable fall in Service Operator sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.

The study is consolidated into major segments and further into sub-segments, such as by Application (Diabetes, Obesity, CVD, Respiratory Diseases, Smoking Cessation, CNS Diseases, Others), By End User (Patients, Providers, Payers, Employers, and others) to forecast the market size by value; also includes the analysis of past market dynamics from 2016 - 2021, considering 2021 as the base year.   

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The Research Provides Answers to the Following Key Questions:

Where can business owners locate more potential customers during the forecast period, 2022 - 2028?
How are the major vendors operating in the digital therapeutics market planning to reach a potential audience in the emerging economies? Why are sales soaring in certain parts, but dismal in other regions of the world?
How much are the customers willing to pay for the products and services?
How much is the dimension of the digital therapeutics market catered by the major vendors?
How often will the customers buy a product or service during the forecast period, 2022 - 2028?

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