Medical Equipment

Global Digital Therapeutics Market Size, Forecasts, And Opportunities

November 1, 2021November 1, 2021 by The Business Research Company

Learn about the global digital therapeutics market through The Business Research Company, which provides information on digital therapeutics market size, digital therapeutics market drivers and restraints, digital therapeutics market players, the COVID-19 impact on the digital therapeutics market, and more.

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 are expected to drive digital therapeutics manufacturing, thus driving the market during the forecast period.

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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.

Global digital therapeutics market segments include:
By Product: Software, Devices
By Sales Channel: Business-To-Business (B2B), Business-To-Consumer (B2C)
By Application: Preventive Applications, Treatment Or Care-Related Applications
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the digital therapeutics market in 2020.

Technological innovation is an emerging trend gaining popularity in the digital therapeutics market. Major companies operating in the market are focused on developing technologically advanced solutions for digital therapeutics to strengthen their position.

TBRC’s digital therapeutics market report covers:
Major Market Players: 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)

The Digital Therapeutics Global Market Report 2021: COVID-19 Implications And Growth to 2030 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, leading competitor revenues, profiles and market shares.

TBRC’s digital therapeutics market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here is a list of similar reports from The Business Research Company:
Neurodegenerative Disorder Therapeutics Global Market Report 2021
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