Meticulous Research® a leading global market research company, published a research report titled‘Digital Therapeutics Marketby Component (Software, Device), Application (Diabetes, Respiratory, CNS, Gastrointestinal, Cardiovascular, Addiction, Rehabilitation, Obesity, Nutrition), EndUser(Patient,Payer,Provider,Employer)-GlobalForecastto2030.’
According to this latest publication from Meticulous Research®, the global digital therapeutics market is projectedtoreach$22.16billionby2030ataCAGRof20.3%.Thegrowthofthismarketismainlyattributed to the increasing need to reduce healthcare costs, the rising prevalence of chronic diseases, the high adoption of digital healthcare, and the increasing focus on preventive healthcare. Moreover, untapped markets in emerging economies and expanding pipelines for digital therapeutic solutions for various therapyareasoffersignificantopportunitiesforthegrowthofthismarket.
DigitalTherapeuticsMarket:FutureOutlook
Theglobaldigitaltherapeuticsmarketissegmentedby Component(Software,Device),Application(Carerelated {Diabetes, CNS Disorders, Respiratory Disorders, Gastrointestinal Disorders, Smoking Cessation, Cardiovascular Diseases, Medication Adherence, Addiction Management, Rehabilitationand Patient Care, and Other Care-related Applications}, Preventive {Obesity, Prediabetes, Nutrition, and Other Preventive Applications}, End User (Payers, Patients & Caregivers, Providers, Employers), and Geography. The study also evaluatesindustry competitorsandanalyzestheirmarketshareatglobalandregionallevels.
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ScopeoftheReport:
DigitalTherapeuticsMarket,byComponent • Software • Devices
DigitalTherapeuticsMarket,byApplication
• Care-relatedApplications o Diabetes
CNSDisorders
RespiratoryDisorders
GastrointestinalDisorders
SmokingCessation
CardiovascularDiseases
MedicationAdherence
AddictionManagement
RehabilitationandPatientCare
OtherCare-relatedApplications
• PreventiveApplications
o Obesity o Prediabetes o Nutrition o OtherPreventiveApplications (Note: Other care-related applications include ophthalmology and dermatology) (Note: Other preventive applications include hypertension, asthma, and COPD.)
DigitalTherapeuticsMarket,byEndUser
• Payers
• Patientsandcaregivers
• Providers
• Employers
DigitalTherapeuticsMarket,byGeography
• NorthAmerica o U.S. o Canada
• Europe o Germany o U.K. o France o Italy o Spain o RestofEurope(RoE)
• Asia-Pacific o China o Japan o India o RestofAsia-Pacific(RoAPAC)
• LatinAmerica o Brazil o Mexico o RestofLatinAmerica(RoLATAM)
• MiddleEast&Africa
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Basedon component, in 2023, the software segment is expected to account for the largest share of the digitaltherapeuticsmarket.Digitaltherapeuticsoftwarereducehealthcarecostsandsupportsthetrendof preventive healthcare. Furthermore, the increasing penetration of mobile phones has increased the adoption of digital health technologies in the healthcare industry. Players operating in this market are focusingondevelopingvariousdigitaltherapeuticsolutionsfordifferenttherapeuticareas,supportingthe segment’slargestshare.
Based on application,the digital therapeutics market is segmented into care-related applications and preventiveapplications.Thecare-relatedapplicationssegmentisfurthersegmentedintodiabetes,central nervous system (CNS) disorders, respiratory disorders, gastrointestinal disorders, smoking cessation, cardiovascular diseases, medication adherence, addiction management, rehabilitation and patient care, andothercare-relatedapplications.In2023,thecare-relatedapplicationssegmentisexpectedtoaccount for the largest share of the digital therapeutics market due to the availability of cost-effective mHealth platforms, the increasing need to control healthcare costs, high investments, and strategic collaborations amongstakeholderstolaunchcare-relatedsolutions.
Basedonenduser,in2023,thepatients&caregiverssegmentisexpectedtoaccountforthelargestshare of the digital therapeutics market. The large market share of this segment is attributed to the increasing awarenessandapprovalsofdigitaltherapeuticsolutions,thehighadoptionofmHealthplatforms,andthe trendofpreventivehealthcareamongpatients.
GeographicReview
ThisresearchreportanalyzesmajorgeographiesandprovidesacomprehensiveanalysisofNorthAmerica (U.S.andCanada),Europe(Germany,France,U.K.,Italy,Spain,andtheRestofEurope),Asia-Pacific(China, Japan, India, and the Rest of Asia-Pacific), Latin America, and the Middle East & Africa. In 2023, North America is expectedto accountfor the largest shareofthe digitaltherapeuticsmarket. The large shareof this market is attributed to the increased usage of digital health products, the increasing incidence of chronicdiseases,andgovernmentinitiativesto supportdigitalhealthcare.
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KeyPlayers
The key players operating in the global digital therapeutics market are Noom, Inc. (U.S.), 2Morrow Inc. (U.S.), GAIA AG (Germany), Propeller Health (U.S.), Canary Health (U.S.), Welldoc, Inc. (U.S.), DarioHealth Corp. (U.S.), Akili, Inc. (U.S.), Pear Therapeutics (US), Inc. (U.S.), BigHealth (U.S.), Teladoc Health, Inc. (U.S.), LimbixHealth,Inc.(U.S.),KaiaHealthSoftwareInc.(Germany),BetterTherapeutics,Inc(U.S.),andFitbitLLC (U.S.).
Keyquestionsansweredinthereport-
• Which are the high-growth market segments in terms of component, application, end user, and regions/countries?
• Whatwasthehistoricalmarketfordigitaltherapeuticsacrosstheglobe?
• Whatarethemarketforecastsandestimatesfortheperiod2023–2030?
• What are the major drivers, restraints, challenges, opportunities, and trends in the global digital therapeuticsmarket?
• Whoarethemajorplayersintheglobaldigitaltherapeuticsmarket?
• Howisthecompetitivelandscape,andwhoarethemarketleadersintheglobaldigitaltherapeutics market?
• Whataretherecentdevelopmentsinthedigitaltherapeuticsmarket?
• Whatarethedifferentstrategiesadoptedbythemajorplayersinthedigitaltherapeuticsmarket?
• Whatarethegeographicaltrendsandhighgrowthregions/countries?
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