Global Digital Therapeutics Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Digital Therapeutics Market Report by The Business Research Company covers digital therapeutics market drivers and restraints, digital therapeutics market size, major players, and the impact of COVID-19 on the digital therapeutics market.
The digital therapeutics market consists of sales of digital therapeutics devices and software by entities (organizations, sole traders, and partnerships) that are used in the treatment of medical disorders or diseases. Digital therapeutics (DTx) are the products that give evidence-based therapeutic treatments to patients through high-quality software applications in order to prevent, manage, or treat a medical ailment or disease. Various applications and tracking devices are integrated into digital therapies for the control and cure of medical disorders. Connected devices such as insulin pumps, blood glucose meters, and wearable gadgets communicate data to a centralized system in digital therapeutics.
The global digital therapeutics market is expected to grow from $3.53 billion in 2020 to $4.20 billion in 2021 at a compound annual growth rate (CAGR) of 19%. The change in growth trend of the digital therapeutics market is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The digital therapeutics market is expected to reach $10.62 billion in 2025 at a CAGR of 26.1%.
The increasing use of smartphones and tablets coupled with healthcare apps is expected to propel the growth of the digital therapeutics market in the forecast period. Smartphones and tablet-based healthcare apps have numerous advantages over the lower rate of medication errors, facilitating preventive care, and more accurate staffing. Therefore, the increasing use of smartphones drives the growth of the digital therapeutics market.
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Some digital therapeutics market trends include technological innovation. Major companies operating in the market are focused on developing technologically advanced solutions for digital therapeutics to strengthen their position.
Global digital therapeutics market segments include:
1) By Product: Software, Devices
2) By Sales Channel: Business-To-Business (B2B), Business-To-Consumer (B2C)
3) By Application: Preventive Applications, Treatment Or Care-Related Applications
4) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Digital Therapeutics Global Market Report 2021: COVID-19 Implications And Growth is one of a series of new reports from The Business Research Company that provides digital therapeutics market overviews, analyzes and forecasts market size, share, digital therapeutics market players, digital therapeutics market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The digital therapeutics identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Digital Therapeutics Global Market Report 2021: COVID-19 Implications And Growth from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Omada Health Inc., WellDoc Inc., 2Morrow Inc., Livongo Health, Propeller Health, Pear Therapeutics, Canary Health Inc., Noom Health Inc., Mango Health Inc., Akili Interactive Labs, Better Therapeutics, Happify Health, Kaia Health, Medtronic Plc., Teladoc Health Inc, and Fitbit Health Solutions.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Digital Therapeutics Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Digital Therapeutics Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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