Digital Therapeutics Market to be Worth $42.98 Billion by 2030

Meticulous Research®-a leading global market research company, published a research report titled 'Digital Therapeutics Market by Application (Mental Health, Diabetes, Respiratory, Neurology, Gastrointestinal, Cardiovascular, Addiction, Rehabilitation, Oncology, Sleep Disorder), Type (Disease Prevention, Management), End User - Global Forecast to 2030.'

According to this latest publication from Meticulous Research®, the global digital therapeutics market is projected to reach $42.98 billion by 2030 at a CAGR of 31.1%. The growth of this market is mainly attributed to the increasing need to reduce healthcare costs, the rising prevalence of chronic diseases, the high adoption of digital healthcare, and the increasing focus on preventive healthcare. Moreover, emerging economies and expanding pipelines for digital therapeutic solutions for various therapy areas offer significant opportunities for the growth of this market.

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Key Players

The key players operating in the global digital therapeutics market are Noom, Inc. (U.S.), 2Morrow Inc. (U.S.), GAIA AG (Germany), ResMed Inc. (U.S.), Canary Health (U.S.), Welldoc, Inc. (U.S.), DarioHealth Corp. (U.S.), Akili, Inc. (U.S.), Biofourmis Inc. (U.S.), BigHealth (U.S.), Teladoc Health, Inc. (U.S.), Limbix Health, Inc. (U.S.), Kaia Health Software Inc. (Germany), Glooko, Inc. (U.S.), and Virta Health Corp. (U.S.).

Digital Therapeutics Market: Future Outlook

The global digital therapeutics market is segmented by Type (Disease Management and Treatment DTx and Disease Prevention DTx), Applications (Mental Health, Diabetes, Cardiovascular Diseases, Gastrointestinal Disorders, Neurology, Rehabilitation & patient care, Respiratory Disorders, Oncology, Addiction Management, Sleep Disorders, Smoking Cessation, and Other Applications), End User (Providers, Individual Consumers, Employers, Payers, and Other End Users), and Geography. The study also evaluates industry competitors and analyzes their market share at global and regional levels.

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Based on type, in 2023, the disease management and treatment DTx segment is expected to account for the largest share of the digital therapeutics market. The large market share of this segment is attributed to the availability of cost-effective mHealth platforms, the increasing need to control healthcare costs, high investments in digital health, and strategic collaborations among stakeholders to launch disease treatment and management of digital therapeutic platforms.

Based on application, the digital therapeutics market is segmented into mental health, diabetes, cardiovascular diseases, gastrointestinal disorders, neurology, rehabilitation and patient care, oncology, respiratory disorders, addiction management, sleep disorders, smoking cessation, and other applications. In 2023, the mental health segment is expected to account for the largest share of the digital therapeutics market due to the increasing prevalence of mental issues, such as stress, anxiety, and depression. Additionally, loss in productivity by mental health issues and the need for cost-effective solutions for stress and depression management are contributing to the large market share of this segment.

Based on end user, the individual consumers segment is expected to grow at the highest CAGR during the forecast period. The highest CAGR of this segment is attributed to the increasing awareness and approvals of digital therapeutic solutions, the high adoption of mHealth platforms, and the trend of preventive healthcare among patients.

Geographic Review

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America), and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the digital therapeutics market. The large share of this market is attributed to the increased usage of digital health products, the increasing incidence of chronic diseases, and government initiatives to support digital healthcare.

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Scope of the Report:

Digital Therapeutics Market Assessment, by Type

Disease Management and Treatment DTx
Disease Prevention DTx

Digital Therapeutics Market Assessment, by Application

Mental Health
Diabetes
Cardiovascular Diseases
Gastrointestinal Disorders
Neurology
Rehabilitation & patient care
Oncology
Respiratory Disorders
Addiction management
Sleep Disorders
Smoking Cessation
Other Applications
(Note: Other applications include medication adherence, eyes & ear diseases, dermatology, infectious and parasitic diseases, and genitourinary diseases, among others.)

Digital Therapeutics Market Assessment, by End User

Providers
Individual Consumers
Employers
Payers
Other End Users
(Note: Other end users include pharmaceutical organizations and government institutes)

Digital Therapeutics Market Assessment, by Geography

North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Rest of Europe (RoE)
Asia-Pacific (APAC)
China
Japan
India
Rest of Asia-Pacific (RoAPAC)
Latin America
Brazil
Mexico
Rest of Latin America (RoLATAM)
Middle East & Africa

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/digital-therapeutics-market-5427

About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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