CNS digital therapeutics market is estimated to be over US$ 737.5 Mn in 2018. It is anticipated to grow at a 31.6% CAGR from 2019 to 2030.
Digital therapeutic is a field of digitized healthcare solution that uses digital tools. These tools include software or devices that utilizes digital and online health technologies that help in monitoring the medical condition of the patient for treatment of various medical conditions. These products are designed in such a way that they enable patients to take greater control over their care and focus on delivering better clinical outcomes through monitoring the patient’s condition throughout.
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The Prominent Players in the CNS Digital Therapeutics Market are:
Pear Therapeutics, Inc., Dthera Sciences, Akili Interactive Labs, Inc, Epicadence, CLICK THERAPEUTICS, INC., Cognoa, GAIA AG, MindSciences, Brainmarc and MedRhythms among others.
The rising prevalence of neurological diseases is on among the major factors driving the growth of CNS digital therapeutics market. According to Alzheimer organization, alzheimer’s disease is one among the most expensive disease, the treatment expenditure is higher compared to that for treatment of several cancers. Though there is no definite cure available for alzheimer disease, digital therapeutics here can play a pivotal role in helping in treatment of such neurological disease in a cost effective way compared to the conventional medicines.
Moreover, the fact that digital therapeutics can be customized according to the patients need and is available to then 24/7 for patients monitoring and participate in their therapy sessions as per their time of convenience. Patient’s preference towards digital therapeutics is increasing owing to the fact that it is user-friendly offered, include prompt reminders, ability to ensure the patients adherence to medications and effective management of diseases.
The report is divided into major categories comprising product, distribution channel, application, and end users. Every segment is further sub-segmented into several sub-segmented that are deeply analyzed by experts to offer valuable information to the buyers and market players. Every segment is studied thoroughly in order to offer a better picture to the buyers and stakeholders to benefit from. Information like highest prevailing product, highly demanded product by the application segment and end users are rightly mentioned in the Telehealth report.
Market Breakdown Data by Disease Types:
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Rapid Growth of the North America Market
North America holds the largest market share owing to technologically advanced medical infrastructure, increase in the incidences of chronic diseases and increase in geriatric population is anticipated to lead the growth in this region in the forecast period. Moreover, improving reimbursement structure that aims in reducing healthcare expenditure and increasing investment in CNS digital therapeutic devices through government funding’s are a key growth factors for the growth of the market.
The Queries answered by Medical Aesthetics Market Research Report include:
- What are the key producers, equipment suppliers, raw material suppliers, end users, distributors and traders in the CNS Digital Therapeutics Market?
- What are the crucial factors impacting the CNS Digital Therapeutics Market
- What are production processes, major problems or obstacles, and solutions to tone down the development risk?
- What is the contribution made by regional manufacturers to the overall market?
- What are the major market segment, influential trends, market potential, and key challenges that the market is witnessing?
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