PUBLISHER: Value Market Research | PRODUCT CODE: 1547713
PUBLISHER: Value Market Research | PRODUCT CODE: 1547713
The global demand for Digital Therapeutics Market is presumed to reach the market size of nearly USD 61.6 Billion by 2032 from USD 6.76 Billion in 2023 with a CAGR of 27.83% under the study period 2024-2052.
Digital therapeutics (DTx) is a new digital healthcare concept that delivers evidence-based therapeutic interventions to patients. DTx is driven by high-quality software programs to prevent, manage, or treat a broad spectrum of physical, mental, and behavioral conditions. Digital therapeutics enhance and support current medical treatments. It provides patients, providers, and payers with novel therapy options for unmet medical needs and reduces reliance on traditional healthcare system or other therapies. It can be applied independently or in conjunction with other treatments.
The global digital therapeutics market is forecast to grow at an exponential rate during the forecast period. Digitalization has disrupted all the sectors, and healthcare is not an exception. Advances in mobile technology and artificial intelligence (AI) have broadened the role of digital therapeutics in healthcare. Growing awareness about digital therapeutics among patients of their health and their ability to play a more active role in managing their disease create potential health outcomes and reduce traditional healthcare systems expenses. Key players are investing in the concept and opting for strategic partnerships with tech companies to explore the market. The exciting advancement through collaboration will create market opportunities. However, lack of awareness in some parts of the world is hampering the growth of the market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Digital Therapeutics. The growth and trends of Digital Therapeutics industry provide a holistic approach to this study.
This section of the Digital Therapeutics market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Digital Therapeutics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Digital Therapeutics market include Omada Health Inc., Welldoc Inc., 2Morrow Inc, Teladoc Health Inc., Propeller Health (ResMed), Fitbit LLC, Canary Health, Noom Inc., Pear Therapeutics Inc., Akili Interactive Labs Inc., Hygieia, DarioHealth Corp., BigHealth, GAIA AG, Limbix Health Inc., Mango Health. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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