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Global Digital Therapeutics Market
Global Digital Therapeutics Market
The GMI Research forecasts that the Digital Therapeutics Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the growing number of internet users, the rising need to curb healthcare expenditures, improved drug adherence, and the increasing use of smartphones.
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Introduction of the Digital Therapeutics Market
Digital therapeutics refers to health discipline and treatment option that uses digital and often online health technologies to cure a medical or psychological condition. They provide a new approach to treatment and disease management in which digital systems assist patients manage their own health and disease conditions.
Key Players of the Global Digital Therapeutics Market:
· Mango Health Inc.
· 2morrow Inc.
· Ginger.Io, Inc.
· Livongo Health
· Canary Health Inc.
· Omada Health, Inc.
· Propeller Health
· Noom Inc.
· Welldoc, Inc.
· Proteus Digital Health, Inc.
Digital Therapeutics Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The augmenting internet users and the accelerating penetration of smartphones, developments and the miniaturization of digital technologies, and the growing demand to control healthcare expenditure are the drivers stimulating the adoption of digital therapeutics across individuals and boosting the global digital therapeutics market. Various initiatives by government and venture capital funding will further strengthen the market size. Also, factors like increasing precautionary healthcare activities, persuasive administration of chronic diseases, and digitalization of healthcare will fuel the market growth. Moreover, the capability to induce behavioral changes, better drug adherence, and patient accessibility also supports digital therapeutics market share. However, concerns about the privacy of patient data and insufficient access and knowledge regarding digital therapeutics programs in developing economies are the factors that may curb the digital therapeutics market growth.
Digital Therapeutics Market Segmentation:
Segmentation by Product Type:
· Hardware
o Wearable Device
o Headbands
o Smart Watches
o Sociometric Badges
o Others
o Non-wearable Device
o Glucose Monitoring Devices
o Others
· Software
Segmentation by Application:
· Preventive
o Prediabetes
o Obesity
· Treatment
o Diabetes
o Obesity
o CVD
o CNS Disease
o Respiratory Diseases
o Smoking Cessation
o Others
Segmentation by Region:
· North America
o United States of America
o Canada
· Asia Pacific
o China
o Japan
o India
o Rest of APAC
· Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
· RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business insights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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