Press release
Digital Therapeutics Market: A Surge in Market Growth with Key Players Driving the Path
Digital Therapeutics Market Size
Digital Therapeutics Market is experiencing exponential growth, set to rise from $8.73 billion in 2024 to a whopping $30.04 billion by 2029.
What Is The Projected Market Size Of The Global Digital Therapeutics Market And Its Growth Rate?
• The digital therapeutics market size has already seen exponential growth in recent years and is set to further grow from $8.73 billion in 2024 to $10.99 billion in 2025 at a compound annual growth rate (CAGR) of 25.9%.
• The market is projected to further grow to $30.04 billion in 2029 at a compound annual growth rate (CAGR) of 28.6%.
What Is Driving The Growth In The Digital Therapeutics Market?
With the increasing use of smartphones and tablets, healthcare apps have taken the market by storm, propelling the growth of the digital therapeutics market. With advantages such as reducing medication errors, facilitating preventive care and accurate staffing, these apps are playing a pivotal role in the expansion of the market. The fact that over half of the world's population possess a smartphone accentuates the potential for market growth.
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Who Are the Key Players Driving Digital Therapeutics Market Growth?
• Omada Health Inc.
• WellDoc Inc.
• 2Morrow Inc.
• Propeller Health
• Pear Therapeutics
• Canary Health Inc.
• Noom Health Inc.
• Akili Interactive Labs
• Better Therapeutics
• Happify Health
• Kaia Health
• Medtronic plc
• Teladoc Health Inc.
• Fitbit Health Solutions
• EMulate Therapeutics
• BigHealth
• DarioHealth
• IQVIA
• JOGO Health
• SilverCloud Health
• Biofourmis Inc.
• Prosoma
• Virta Health Corp.
• One Drop Inc.
• Lark Health
• Riva
• Xealth
• CogniFit Ltd.
What Are The Key Trends In The Digital Therapeutics Market?
• Expansion of IoT devices and sensors
• Increasing use of artificial intelligence in healthcare
• Growth of wearable health technology
• Technological advancements
• Product innovations
What Are The Segments Of The Global Digital Therapeutics Market?
• By Product: Software, Devices
• By Sales Channel: Business-To-Business (B2B), Business-To-Consumers (B2C)
• By Application: Preventive Applications, Treatment Or Care-Related Applications
Which Region Leads The Digital Therapeutics Market?
North America holds the largest share in the digital therapeutics market as of 2024. However, the Asia-Pacific is expected to be the fastest-growing region in the forecast period. Other regions covered in the report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Digital Therapeutics Market Global Market Report?
- Market Size Analysis: Analyze the Digital Therapeutics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Digital Therapeutics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Digital Therapeutics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Digital Therapeutics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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