Digital Therapeutics Market to Exhibit a Remarkable Growth of USD 20.0 Billion by 2029, Size, Share, Trends, Key Drivers, Demand, Opportunities and Competitive Outlook

The global digital therapeutics market is expected to witness significant growth during the forecast period. Digital therapeutics help deliver cheaper healthcare treatment and saves a good amount of time for the patient and the healthcare provider. Rising smartphone, tablet, and other similar device penetration, combined with rising healthcare applications and software, has fueled demand for digital therapeutics. COVID-19 led a major impact on the market growth.

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Data Bridge Market Research analyses a growth rate in the global digital therapeutics market in the forecast period 2022-2029. The expected CAGR of global digital therapeutics market is tend to be around 21.54% in the mentioned forecast period. The market was valued at USD 4.20 billion in 2021, and it would grow upto USD 20.0 billion by 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Market Definition

Digital therapeutics is a part of digital healthcare that helps to prevent, manage and treat a medical condition. Moreover, it also aid in treating psychological conditions. Patient condition are improved a lot as it is evidence-based digital healthcare technology. Digital therapeutics technology is effective and efficient in diagnosing conditions that are not diagnosed otherwise by the healthcare system such as chronic diseases, neurological disorders, and much more.
The global digital therapeutics market is analysed and market size insights and trends are provided by product type, sales channel and application as referenced above.

The major countries covered in the global digital therapeutics market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the market due to rising focus on improvement and advancement of healthcare technologies. Asia-Pacific region have highest growth due to the increased investment in healthcare infrastructure alongwith rising prevalence of chronic diseases.
The global digital therapeutics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global digital therapeutics market

Key players operating in the global digital therapeutics market include:

Omada Health, Inc. (U.S.)
ResMed (U.S.)
Pear Therapeutics, Inc. (U.S.)
Solera Network (U.S.)
Akili Interactive Labs, Inc. (U.S.)
Better Therapeutics, LLC (U.S.)
Biofourmis (U.S.)
Click Therapeutics, Inc. (U.S.)
Naturalcycles Nordic AB (Sweden)
NuvoAir AB (Sweden)
Welldoc's Bluestar (U.S.)
Happify, Inc. (U.S.)
Limbix Health, Inc. (U.S.)
Voluntis (U.S.)
Xealth (U.S.)

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