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Tuesday, January 18, 2022

Global Digital Therapeutics Market to be Driven by Increasing Prevalence of Diabetes in the Forecast Period of 2022-2027

The new report by Expert Market Research titled, ‘Global Digital Therapeutics Market Report and Forecast 2022-2027’, gives an in-depth analysis of the digital therapeutics market, assessing the market supported its segments like end uses, application, and major regions. The report tracks the newest trends within the industry and studies their impact on the general market. It also assesses the market dynamics, covering the key demand and price indicators, along side analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

  • Historical Market Size: USD 3.6 billion
  • Forecast CAGR (2022-2027): 23.1%
  • Forecast Market Size: USD 12.6 billion

The market is being driven by the rising prevalence of chronic diseases, the need to reduce healthcare costs, a growing focus on preventive healthcare, and increased investments in digital therapeutics. The high prevalence and incidence rate of chronic diseases is a serious problem for healthcare systems all over the world. Patients with chronic diseases present a significant therapeutic challenge, as psychosomatic or biopsychic factors frequently affect these patients. Many chronic diseases and conditions worsen over time and become more common as people age. As a result, as the global geriatric population grows, chronic diseases are expected to rise even more during the forecast period. The digital therapeutics industry is expected to see significant growth as a result of this.

Industry Definition and Major Segments

Through digital therapeutics (DTx), patients receive evidence-based therapeutic interventions. They use high-quality software programmes to help improve existing medical treatments, provide therapy solutions, and reduce reliance on pharmaceuticals. They can also be used to diagnose conditions like Alzheimer's disease, type 2 diabetes, and respiratory disorders like asthma, gastrointestinal issues, and chronic obstructive pulmonary disease, as well as to prevent, manage, and treat physical, mental, and behavioural health.

Explore the full report with the table of contents@

The digital therapeutics market can be divided on the basis of application and end-use.

Based on application:

Based on end-use:

  • Patients
  • Providers
  • Payers
  • Employers
  • Others

The EMR report investigates the regional markets of digital thereapeutics like:

  • North America
  • Europe
  • the Asia Pacific
  • Latin America
  • the Middle East and Africa

Market Trends

Increased sales of smart devices such as smartphones and tablets, increased internet penetration, and an increase in the number of healthcare applications are all contributing to the market's growth. Autism spectrum disorder (ASD), attention deficit hyperactivity disorder (ADHD), depression, schizophrenia, and bipolar disease are just a few of the neurological indications for DTx.

Furthermore, the rising prevalence of chronic diseases such as diabetes and obesity, as well as the growing need to control healthcare treatment costs, are driving the market forward. Chronic disease's high prevalence and incidence rate is a major concern for healthcare systems all over the world. Patients with chronic diseases present a significant challenge in terms of treatment, as psychosomatic or biopsychic factors frequently influence these patients. Patients must change their behaviour as part of a new self-care lifestyle because chronic diseases are often associated with high levels of uncertainty. Furthermore, many chronic diseases and conditions progress over time, and their prevalence rises as people get older. As a result, chronic disorders are expected to rise even more in the coming years as the global geriatric population grows. In addition, pharmaceutical companies all over the world are investing in and forming strategic partnerships in order to expand their product portfolios and market reach.They're also focusing on educating patients about various conditions and treatment options, as well as organising, tracking, and self-managing their illnesses. Pharmaceutical companies' initiatives are expected to propel the market forward.

Latest News on Global Digital Therapeutics Market@

Key Market Players

The major players within the market are Omada Health, Inc., WellDoc, Inc., Livongo Health, Inc., Mango Health, Inc., Canary Health, Inc. and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of those market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Media Contact

Company Name: EMR Inc.
Contact Person: Sofia Williams, Corporate Sales Specialist – U.S.A.
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
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City: Sheridan
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Country: United States

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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