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U.S. Digital Therapeutics Market Projection : a CAGR of 19.2% from 2020 to 2027 ; 2MORROW, and Fitbit are Key Players in the Market

03-20-2024 09:59 AM CET | Health & Medicine

Press release from: Allied Market Research

U.S. Digital Therapeutics Market Projection : a CAGR of 19.2%

Allied Market Research published a report, titled, "U.S. Digital Therapeutics Market by Application (Diabetes, Obesity, Cardiovascular Disease (CVD), Central Nervous System (CNS) Disease, Respiratory Disease, Smoking Cessation, Gastrointestinal Disorder (GID), and Others), Product (Software and Device), and Sales Channel (Business-to-Business(B2B), Business-to-Consumer (B2C)): Opportunity Analysis and Industry Forecast, 2020-2027." According to the report, the U.S. digital therapeutics industry generated $1.16 billion in 2019, and is estimated to generate $5.08 billion by 2027, growing at a CAGR of 19.2% from 2020 to 2027.

𝑹𝒆𝒒𝒖𝒆𝒔𝒕 π‘Ίπ’‚π’Žπ’‘π’π’† π‘ͺπ’π’‘π’š 𝒐𝒇 𝑹𝒆𝒑𝒐𝒓𝒕 https://www.alliedmarketresearch.com/request-sample/A06701

The growth of the U.S. digital therapeutics market is propelled by the increasing adoption of tablets, smartphones, and smart wearables, coupled with the utilization of healthcare apps. There's also a surge in the demand to mitigate healthcare costs and the adoption of technologically advanced healthcare products and applications. However, market growth is hindered by concerns regarding data privacy and the absence of adequate reimbursement policies. Conversely, the presence of supportive laws and regulations for digital health technologies, along with a rise in investments from market players, present new opportunities in the foreseeable future.

𝑻𝒉𝒆 π’…π’Šπ’‚π’ƒπ’†π’•π’†π’” π’”π’†π’ˆπ’Žπ’†π’π’• 𝒕𝒐 π’Žπ’‚π’Šπ’π’•π’‚π’Šπ’ π’Šπ’•π’” π’…π’π’Žπ’Šπ’π’‚π’π’• π’‘π’π’”π’Šπ’•π’Šπ’π’ π’•π’‰π’“π’π’–π’ˆπ’‰π’π’–π’• 𝒕𝒉𝒆 𝒇𝒐𝒓𝒆𝒄𝒂𝒔𝒕 π’‘π’†π’“π’Šπ’π’…
In 2019, the diabetes segment led the U.S. digital therapeutics market, holding over one-fourth of the market share, and is projected to sustain its predominant position in the forecast period. This is credited to the widespread prevalence of diabetes and the availability of cost-effective treatment solutions. Conversely, the obesity segment is anticipated to experience the most rapid compound annual growth rate (CAGR) of 22.1% from 2020 to 2027, driven by the increasing number of overweight individuals and the easy accessibility of digital therapeutics software applications designed to assist patients in maintaining proper diets and tracking physical activities.

π“π‘πž 𝐬𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐦𝐚𝐒𝐧𝐭𝐚𝐒𝐧 𝐒𝐭𝐬 𝐝𝐨𝐦𝐒𝐧𝐚𝐧𝐜𝐞 𝐛𝐲 2027
In 2019, the software segment captured over two-thirds of the U.S. digital therapeutics market and is projected to retain its revenue dominance through 2027. Additionally, this segment is expected to exhibit the highest compound annual growth rate (CAGR) of 20.3% during the forecast period. This growth is driven by a rising demand to reduce healthcare expenses and the presence of innovative software and applications with advanced features that aid individuals in maintaining their health and accessing appropriate treatments. The research also evaluates the devices segment.

𝑭𝒐𝒓 𝑷𝒖𝒓𝒄𝒉𝒂𝒔𝒆 π‘¬π’π’’π’–π’Šπ’“π’š 𝒂𝒕: https://www.alliedmarketresearch.com/purchase-enquiry/7066

𝑻𝒉𝒆 π’ƒπ’–π’”π’Šπ’π’†π’”π’” 𝒕𝒐 π’ƒπ’–π’”π’Šπ’π’†π’”π’” π’”π’†π’ˆπ’Žπ’†π’π’• 𝒕𝒐 π’„π’π’π’•π’Šπ’π’–π’† π’Šπ’•π’” π’‰π’Šπ’ˆπ’‰π’†π’”π’• π’„π’π’π’•π’“π’Šπ’ƒπ’–π’•π’Šπ’π’ π’ƒπ’š 2027
In 2019, the business-to-business segment accounted for nearly two-thirds of the U.S. digital therapeutics market, and it is expected to maintain its leading position throughout the forecast period. This dominance is attributed to the increasing number of industry players offering favorable reimbursement policies to employees through their employers in the U.S. However, the business-to-consumers segment is projected to witness the highest compound annual growth rate (CAGR) of 19.8% from 2020 to 2027. This growth is driven by the easy accessibility and availability of software and smart devices, as well as the growing demand for digital therapeutic products among patients and caregivers.

π‘³π’†π’‚π’…π’Šπ’π’ˆ π’Žπ’‚π’“π’Œπ’†π’• π’‘π’π’‚π’šπ’†π’“π’”
2MORROW, Inc.
Fitbit, Inc. (Twine Health, Inc.)
Livongo Health, Inc.
Medtronic Plc.
Omada Health, Inc.
Pear Therapeutics, Inc.
Proteus Digital Health, Inc.
Resmed, Inc. (Propeller Health)
Voluntis, Inc.
Welldoc, Inc.

𝑢𝒖𝒓 π‘΄π’‚π’“π’Œπ’†π’• 𝑹𝒆𝒔𝒆𝒂𝒓𝒄𝒉 π‘Ίπ’π’π’–π’•π’Šπ’π’ π‘·π’“π’π’—π’Šπ’…π’†π’” 𝒀𝒐𝒖 π‘¨π’π’”π’˜π’†π’“ 𝒕𝒐 π‘©π’†π’π’π’˜ π‘΄π’†π’π’•π’Šπ’π’π’†π’… π‘Έπ’–π’†π’”π’•π’Šπ’π’:
Which are the driving factors responsible for the growth of market?
Which are the roadblock factors of this market?
What are the new opportunities, by which market will grow in coming years?
What are the trends of this market?
Which are main factors responsible for new product launch?
How big is the global & regional market in terms of revenue, sales and production?
How far will the market grow in forecast period in terms of revenue, sales and production?
Which region is dominating the global market and what are the market shares of each region in the overall market in 2019?
How will each segment grow over the forecast period and how much revenue will these segments account for in 2027?
Which region has more opportunities?

π‘²π’π’π’˜ 𝑴𝒐𝒓𝒆- https://www.alliedmarketresearch.com/us-digital-therapeutics-market-A06701

𝑢𝒕𝒉𝒆𝒓 π‘»π’“π’†π’π’…π’Šπ’π’ˆ 𝑹𝒆𝒑𝒐𝒓𝒕𝒔 π’Šπ’ π‘³π’Šπ’‡π’† π‘Ίπ’„π’Šπ’†π’π’„π’† π‘«π’π’Žπ’‚π’Šπ’
π‘­π’‚π’•π’•π’š 𝑩𝒂𝒔𝒆𝒔 𝑭𝒐𝒓 π‘Ίπ’–π’‘π’‘π’π’”π’Šπ’•π’π’“π’Šπ’†π’” π‘΄π’‚π’“π’Œπ’†π’• https://www.alliedmarketresearch.com/fatty-bases-for-suppositories-market-A31722

𝑬𝒙𝒕𝒆𝒓𝒏𝒂𝒍 π‘Όπ’“π’Šπ’π’† π‘΄π’‚π’π’‚π’ˆπ’†π’Žπ’†π’π’• 𝑷𝒓𝒐𝒅𝒖𝒄𝒕𝒔 π‘΄π’‚π’“π’Œπ’†π’• https://www.alliedmarketresearch.com/external-urine-management-products-market-A31363

David Correa
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Web: https://www.alliedmarketresearch.com

Alied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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