Press release
Digital Therapeutics Market Segments, Industry Growth, Size, Share, Key Players, Report 2023-2028
Digital Therapeutics Market
Digital therapeutics are evidence-based therapeutic interventions driven by software programs and digital platforms. These interventions are designed to prevent, manage, or treat medical disorders independently or in conjunction with traditional medical approaches. Unlike general health and wellness apps, digital therapeutics undergo rigorous testing to validate their efficacy and safety. They often involve interactive elements, real-time monitoring, and personalized feedback to engage users in managing their health conditions. These interventions span various health domains, including mental health, diabetes management, and cardiovascular health. Digital therapeutics offer a promising avenue for complementing traditional healthcare, providing scalable and accessible solutions to empower individuals in their health journeys.
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Market Trends:
The global market is majorly driven by the increasing prevalence of chronic diseases. In line with this, the rising demand for more accessible and personalized healthcare solutions is significantly contributing to the market. Digital therapeutics offer a scalable approach to chronic disease management, providing patients with tools for continuous monitoring, real-time feedback, and behaviour modification. The growing acceptance of these interventions by healthcare providers, insurers, and regulatory bodies further stimulates market growth. Besides, the COVID-19 pandemic has accelerated the adoption of telehealth and digital health solutions, creating a conducive environment for expanding digital therapeutics. Additionally, the emphasis on value-based care and cost containment in healthcare systems globally incentivizes the integration of effective, evidence-based digital therapeutic solutions that can improve outcomes and reduce healthcare costs. As technology advances, allowing for more sophisticated interventions and improved user experiences, and as awareness of the benefits of digital therapeutics expands, the market is poised for sustained growth, reshaping the landscape of healthcare delivery and empowering individuals to actively participate in managing their health.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
• 2Morrow Inc.
• Canary Health Inc.
• Click Therapeutics Inc.
• Mango Health Inc.
• Noom Health Inc.
• Omada Health Inc.
• Pear Therapeutics, Inc.
• Propeller Health
• Teladoc Health Inc.
• Voluntis Inc.
• WellDoc Inc
Digital Therapeutics Market Segmentation:
Our report has categorized the market based on region, application and end use.
Breakup by Application:
• Diabetes
• Obesity
• CVD
• CNS Disease
• Respiratory Diseases
• Smoking Cessation
• Others
Breakup by End Use:
• Patients
• Providers
• Payers
• Employers
• Others
Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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