Press release
Digital Therapeutics Market Still Has Room to Grow | Emerging Players Livongo Health, Canary Health, Twine Health, Omada Health
Digital Therapeutics Market
Major Players in This Report Include: Koninklijke Philips NV (BioTelemetry Inc), Canary Health, Twine Health Inc, Livongo Health, Omada Health Inc, Propeller Health, 2Morrow Inc, Mango Health Inc, Noom Health Inc, WellDoc Inc, Pear Therapeutics, BigHealth.
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The size of the Digital Therapeutics Market market was valued at USD 7.58 Million in 2023 and is projected to reach USD 39.07 Million by 2032, with an expected CAGR of 26.40% during the forecast period. Digital therapeutics can be defined as software-based applications for use in the prevention, management, or treatment of disease and disorders which is also the market definition. These are therapies that are normally administered through application interfaces on mobile devices or as web applications and are usually applied in conjunction with or as a complete replacement for conventional approaches. Some of the uses include akinesia, chronic conditions, depression, and other behavior alterations. Some of these are; higher uptake due to the growth in smart-phone ownership, higher acceptance by practitioners, and the use together with tele-health services. It is growing because clinical trials of digital therapeutics establish their effectiveness in enhancing patient health and reducing expenses on medical care and medication. The sector is also experiencing upgradation in areas of Artificial Intelligence and data analysis, in therapeutic endeavours as well as engagement with patients.
Market Drivers:
• Rising Burden of Chronic Diseases
• Rise in Technological Advancements
• Increasing Focus Toward Preventive Healthcare by Government and Rise in Venture Capital Investments
Market Trend:
• Treatment/Care Segment is Expected to Witness a High Growth Over the Forecast Period
Restrains:
• High Cost of Manufacturing and Installation
• Data Privacy Concerns and Resistance from Traditional Healthcare Providers
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In this research study, the prime factors that are impelling the growth of the Global Digital Therapeutics market report have been studied thoroughly in a bid to estimate the overall value and the size of this market by the end of the forecast period. The impact of the driving forces, limitations, challenges, and opportunities has been examined extensively. The key trends that manage the interest of the customers have also been interpreted accurately for the benefit of the readers.
The Digital Therapeutics market study is being classified By Product Type: Software and Services, Devices, By Application: Preventive, Others: Treatment/Care
The report concludes with in-depth details on the business operations and financial structure of leading vendors in the Global Digital Therapeutics market report, Overview of Key trends in the past and present are in reports that are reported to be beneficial for companies looking for venture businesses in this market. Information about the various marketing channels and well-known distributors in this market was also provided here. This study serves as a rich guide for established players and new players in this market.
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Extracts from Table of Contents
Digital Therapeutics Market Research Report
Chapter 1 Digital Therapeutics Market Overview
Chapter 2 Global Revenue (Value, Volume*), Price* Trend by Type
Chapter 3 Global Market Analysis by Application
Chapter 4 Global Supplies (Production), Consumption, Export, Import by Regions
Chapter 5 Global Economic Impact on Industry
Chapter 6 Global Market Competition by Manufacturers
Chapter 7 Global Revenue (Value, Volume*) by Region
………………….continued
This report also analyses the regulatory framework of the Global Markets Digital Therapeutics Market Report to inform stakeholders about the various norms, regulations, this can have an impact. It also collects in-depth information from the detailed primary and secondary research techniques analysed using the most efficient analysis tools. Based on the statistics gained from this systematic study, market research provides estimates for market participants and readers.
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