According to a new report published by Allied Market Research, titled, ” Digital Therapeutics Market by, Product, Sales channel, Application and Region: Global Opportunity Analysis and Industry Forecast, 2021–2031,” the global digital therapeutics market size was valued at $3,845.74 Million in 2021, and is projected to reach $22,601.97 Million by 2031, registering a CAGR of 19.4%.
What are the market values / growth % of emerging countries?
North America is projected to account for a major share of the digital therapeutics market during the forecast period. U.S. dominated the North America digital therapeutics market owing to increased advancements in the digital treatment. Europe is expected to be the fastest growing market in the forecast period.
What are the key trends in the digital therapeutics market report?
Increase in adoption of smartphones and tablets, coupled with healthcare apps, rise in need to control healthcare costs, rise in incidences of chronic diseases and significant benefits to the entire healthcare continuum are the key growth factor for the market.
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- Covid 19 impact trends and perspective
- Granular insights at global/regional/country level
- Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
- Blanket coverage on competitive landscape
- Winning imperatives
- Exhaustive coverage on ‘Strategic Developments’ registered by leading players of the market
Covid-19 Situation –
- The COVID-19 pandemic has had a positive impact on the growth of the global digital healthcare market, due to the lockdown situation in various countries across the globe.
- The lockdown led to the cancellation and temporary postponement of various appointments, surgeries and tests, while many medical professionals around the world are interested and focused on the treatment of patients infected with COVID-19.
- Therefore, patients have entered digital therapy to receive the necessary health care from certified professionals at home through smartphones, tablets or computers.
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Based on sales channel, the business-to-consumers segment held the dominating market share in 2021, holding nearly three-fifths of the global market, and is expected to maintain its leadership status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR of 20.1% during the forecast period.
Based on application, the diabetes segment held the largest market share in 2021, holding more than one-fourth of the global market, and is expected to maintain its leadership status during the forecast period. The central nervous system diseases segment, on the other hand, is expected to cite the fastest CAGR of 22.2% during the forecast period.
Major Key Market Players in the Industry –
- 2MORROW, Inc.,
- Akili Interactive Labs, Inc.,
- Click Therapeutics, Inc.,
- Fitbit, Inc. (Twine Health, Inc.),
- Happify, Inc.,
- Kaia Health,
- Livongo Health, Inc.,
- Medtronic Plc.,
- Omada Health, Inc.,
- Pear Therapeutics, Inc.,
- Proteus Digital Health, Inc.,
- Resmed, Inc. (Propeller Health),
- Voluntis, Inc.,
- Welldoc, Inc
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Market: By Region Outlook
- North America (U.S., Canada, Mexico)
- Europe (UK, Germany, France, Spain, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
- LAMEA (Brazil, South Africa, Turkey, Saudi Arabia, Rest of LAMEA)
Important Questions Being Answered by This Market Report Are –
Q1. What is the total market value of digital therapeutics market report?
Q2. What would be forecast period in the market report?
Q3. What is the market value of digital therapeutics market in 2022?
Q4. Which is base year calculated in the digital therapeutics market report?
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Key findings of the study –
- Based on product, the software segment has the highest market share in 2021 and is expected to remain so during the forecast period.
- Based on the applications, the diabetes segment has the highest market share in 2021 and is expected to continue during the forecast period.
- Based on the sales channel, the industrial and consumer segment has the highest market share in 2021 and is expected to remain the same during the forecast period.
- Region, Europe is expected to witness the highest growth rate, registering a CAGR of 21.5% during the forecast period.
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