Digital Therapeutics Market Overview
The global digital therapeutics market is showing promising signs as a lot of players are participating in the market and are introducing innovative products. These companies have realized the potential of the market and how digitalization can percolate in various sub-divisions of the healthcare sector. Market Research Future (MRFR) made a proper assessment of the market to find out how the market is going to perform and how various factors are about to interplay to make sure that the market makes the most out of it. Its growth would be influential for the digital healthcare segment.
Digital therapeutics is an emerging healthcare discipline that through the use of digital and internet-based solutions treat a medical condition. These therapeutics present the opportunity to increase or replace prescription drug as a sole therapy, using tech-based solutions Digital Therapeutics Market Size are either in a standalone fashion or in combination with more conventional medical therapy built on the concept of using software to improve a patient’s health conditions simultaneously using a drug therapy, at a much-reduced cost and no physical side effects.
Digital therapeutics is finding its use growing in sectors like pain management, cancer management, smoking cessation, and others like Parkinson’s. With a doctor and patient ratio hitting the bottom, these therapeutics would gain momentum. However, digital therapeutics may find the growth a bit restrained due to the lack of awareness.
Digital Therapeutics Market Segmentation
The Market Research Future report offers a complete segmental analysis of the digital therapeutics market based on sales channel, type, and application.
By product, the digital therapeutics market is segmented into devices and software. Of these, the software segment will lead the market during the forecast period. The software includes various health-related platforms and apps, thus comprises the base of digital therapeutics. It helps to transmit a patient’s data to physicians from wearable devices through various electronic devices, namely tablets and mobiles.
By application, the digital therapeutics market is segmented into smoking cessation, respiratory diseases, diabetes, obesity, cardiovascular diseases, and others. Of these, the obesity segment will dominate the market during the forecast period. An increase in the obese population and a sedentary lifestyle that increases the risk of type-2 diabetes, hypertension, and stroke are adding to the market growth.
By the sales channel, the digital therapeutics market is segmented into B2C and B2B. Of these, the B2B segment will have the maximum share in the market during the forecast period.
Digital Therapeutics Market Regional Analysis
The market for digital therapeutics would gain a lot of traction from the North American side where the robust infrastructure in the healthcare sector is acting like a solid backdrop for these technologies to gain momentum. Easy inclusion of latest trends is also impacting the market growth. In addition, the regional market is blessed with the presence of a lot of major market players owing to which constant influx of investment and innovative strategic moves are influencing the market growth. In the research and development sector, the market is having a great go as the regional players are channeling their investment to get better innovative products.
In Europe, the market is having a similar situation owing to which the regional market is progressing with ease. The UK, France, Germany, Russia, and others are major fostering factors for the regional market. Hike in digitalization and reformations introduced in the healthcare sector are major growth-inducing factors for the regional market. India, China, Japan, Australia, and others can be effective in taking the regional market ahead.
Digital Therapeutics Market Players
- Proteus Digital Health (US)
- Wellthy Therapeutics (India)
- Propeller Health (US)
- SE (Sweden)
- BehaVR (US)
- Akili Interactive Labs (US)
- Hinge Health (US)
- Better Therapeutics (US)
- Virta Health (US)
- Happify (US)
- Mindable Health (Germany)
Browse Detailed TOC with COVID-19 Impact Analysis at:https://www.marketresearchfuture.com/reports/digital-therapeutics-market-6492
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