The global digital therapeutics market is expected to reach USD 9.3 billion by 2025.
Digital therapeutics, known as software-as-a-drug, has undergone significant developments, because of its cost-effectiveness and the potential to influence human behavior - a challenge that is difficult to overcome in healthcare. A shifting technological landscape worldwide has led to significant boost in smartphone ownership and usage rates, which is anticipated to impact the market positively. Other factors expected to influence growth of the market are rising occurrence of chronic diseases, increasing attention on preventive healthcare and an emerging need to control healthcare costs.
Digital therapeutics holds exciting prospects in terms of unrealized potential. With a shift to value-based, patient-centric healthcare system, and increasing reforms by the government to cut down healthcare costs, it is anticipated that the market will witness lucrative growth evident from a growing number of new startup companies in the market. Although investments in the digital therapeutics field are increasing, still application developers are dissuaded by the lack of monetizing opportunities besides paid downloads and advertising. Furthermore, developing countries are expected to have a lackluster response for digital therapeutics due to lack of proper technological infrastructure and lack of adequate research and development (R&D) and capital investments.
- Proteus Digital Health
- Omada Health, Inc.
- WellDoc Inc.
- 2Morrow, Inc.
- Livongo Health
- Propeller Health
- Canary Health, Inc.
- Mango Health, Inc.
Noom Health, Inc.
Key Topics Covered:
1. Methodology and Scope
2. Executive Summary
3. Digital Therapeutics Market Variables, Trends & Scope
4. Digital Therapeutics Market: Application Estimates & Trend Analysis
5. Digital Therapeutics Market: End-use Estimates & Trend Analysis
6. Digital Therapeutics: Regional Estimates & Trend Analysis, by Application and End use
7. Competitive Landscape
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