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Digital Therapeutics Market Manufacturers Analysis, Segmentation and Application up to 2025

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<strong>Digital</strong> <strong>Therapeutics</strong> <strong>Market</strong> <strong>Manufacturers</strong> <strong>Analysis</strong>,<br />

<strong>Segmentation</strong> <strong>and</strong> <strong>Application</strong> <strong>up</strong> <strong>to</strong> <strong>2025</strong><br />

“The global <strong>Digital</strong> <strong>Therapeutics</strong> <strong>Market</strong> size was estimated at<br />

USD 1.7 billion in 2016. <strong>Digital</strong> therapeutics is a subset of digital<br />

health <strong>and</strong> is used <strong>to</strong> track health conditions <strong>and</strong> selfmanagement<br />

of a medical condition.”<br />

The global <strong>Digital</strong> <strong>Therapeutics</strong> <strong>Market</strong> size was estimated at USD 1.7 billion in 2016. <strong>Digital</strong> therapeutics is a<br />

subset of digital health <strong>and</strong> is used <strong>to</strong> track health conditions <strong>and</strong> self-management of a medical condition. A<br />

significant change in the usage of digital technology has created cognizance among users <strong>and</strong> has allowed<br />

increasing adoption of these services. Moreover, there has been increased burden of the chronic diseases that<br />

requires effective treatment <strong>and</strong> management. There are a lot of services provided by digital therapeutics that<br />

aid in embracing healthy habits <strong>and</strong> allow efficient tracking <strong>and</strong> management of conditions. <strong>Digital</strong> therapeutics<br />

is thus estimated <strong>to</strong> grow at a fast rate owing <strong>to</strong> increasing adoption among patients <strong>and</strong> other end users.<br />

There has been a significant rise in internet usage among people which has been one of the significant drivers<br />

for the digital therapeutic market. Moreover, the treatment associated with the digital therapeutics is popular<br />

which is further adding <strong>to</strong> the growth of the digital therapeutic market. Chronic diseases are major problems<br />

<strong>and</strong> act as threats <strong>to</strong> the economy leading <strong>to</strong> high healthcare expenditure. For instance, according <strong>to</strong> the CDC,<br />

about 50 % of the adult population were suffering from the chronic diseases in 2012. As chronic diseases like<br />

diabetes, obesity <strong>and</strong> other respira<strong>to</strong>ry problems are well managed with the help of the digital therapeutics<br />

they are being used on an increasing level.<br />

The market growth is affected by the lack of the effective monetization techniques which are faced by the<br />

application developers. There has been a shortage of the financial earnings which are partially fulfilled by the<br />

advertisements, paid content, <strong>and</strong> other prominent revenue generation strategies.<br />

Request Sample Copy of this <strong>Market</strong> Research @<br />

https://www.millioninsights.com/industry-reports/digital-therapeutics-market/request-sample


<strong>Application</strong> Insights<br />

Based on the application, the market is classified in<strong>to</strong> diabetes, obesity, cardiovascular diseases, central nervous<br />

system disease, respira<strong>to</strong>ry diseases, smoking cessation, <strong>and</strong> others. Diabetes accounts for the largest market<br />

share of the application segment followed by other applications. Diabetes causes heavy burden on patients as<br />

well economies on the health front as well as the economic front. For instance, 8.3 % of the U.S. population<br />

suffer from diabetes while 35% of them exhibit prediabetes symp<strong>to</strong>ms. Also diabetes is expected <strong>to</strong> show the<br />

fastest growth in the application segment due <strong>to</strong> the high prevalence <strong>and</strong> incidence of the disease. <strong>Digital</strong><br />

management is helpful in the management of the symp<strong>to</strong>ms of diabetes such as polyuria, polydipsia, <strong>and</strong><br />

polyphagia. A large number of medical practitioners are using mHealth <strong>and</strong> have estimated that diabetes would<br />

reach its highest market limit in the next 5 years.<br />

End use insights<br />

Based on end use, the digital therapeutics market is divided in<strong>to</strong> the patients, employers, providers, payers, <strong>and</strong><br />

others. Patients are the major consumers of the therapeutic healthcare programs <strong>and</strong> applications offered by<br />

digital therapeutics. The usage of these services has been attributed due <strong>to</strong> increasing cognizance <strong>and</strong> added<br />

benefits offered by digital therapeutics.<br />

Browse Full Research Report @<br />

https://www.millioninsights.com/industry-reports/digital-therapeutics-market<br />

Hospitals accounted for the largest market share owing <strong>to</strong> increased usage of digital therapeutics services for<br />

patients admitted in these settings. The utilization of these services allows affordable <strong>and</strong> vital healthcare <strong>to</strong><br />

patients.<br />

Regional Insights<br />

The digital therapeutics market by region is characterized in<strong>to</strong> North America, Europe, Asia Pacific, Latin<br />

America, <strong>and</strong> Middle East & Africa. North America is a market domina<strong>to</strong>r in digital therapeutic market. Growing<br />

number of reforms <strong>to</strong> limit the surge in healthcare expenditure in the country co<strong>up</strong>led with drive <strong>to</strong> focus on a<br />

patient-centric healthcare approach is anticipated <strong>to</strong> be accountable for the same. Furthermore, North America<br />

is a major center of a great amount of digital therapy s<strong>up</strong>pliers. The U.S. has been conveyed <strong>to</strong> spend about USD<br />

3 trillion a year on healthcare. In order <strong>to</strong> limit this expenditure, there is a vigorous swing in the U.S. healthcare<br />

sec<strong>to</strong>r that emphasis focused <strong>to</strong>wards palliative care, <strong>to</strong> endorse overall patient wellness as an alternative of<br />

medical treatment.


Asia Pacific is anticipated <strong>to</strong> record fastest growth rate, due <strong>to</strong> two main attributes, namely, a highly solid<br />

population base that adapts in<strong>to</strong> an enormous target base <strong>and</strong> rapid development that involves fast changing<br />

technological scenario. Moreover, constant improvements in countries <strong>to</strong> check the deficiency of proper<br />

infrastructure <strong>and</strong> preserve sustainable growth through economic intervention is expected <strong>to</strong> help the market<br />

growth<br />

Competitive Insights<br />

Some of the key companies in the market comprises of Livongo Health; Twine health, Inc.; Omada Health, Inc.;<br />

2Morrow, Inc.; Propeller Health; WellDoc, Inc.; Canary Health, Inc.; Proteus <strong>Digital</strong> Health, Inc.; <strong>and</strong> Mango<br />

Health, Inc. <strong>Digital</strong> therapeutics is in its preliminary stages of development <strong>and</strong> is expected <strong>to</strong> increase its<br />

presence in the digital market with increasing adoption of apps <strong>and</strong> services offered by developers. Dominant<br />

players in the market are focused on development of user friendly <strong>and</strong> simple interfaces that allows cus<strong>to</strong>mers<br />

<strong>to</strong> use these services on a larger level at ease.<br />

However, growth probability is considered <strong>to</strong> be great in the market, which is contributed by growing adoption<br />

of therapeutic applications by leading healthcare providers <strong>to</strong> provide better treatment options <strong>to</strong> patients.<br />

<strong>Market</strong> Segment:<br />

<strong>Application</strong> Outlook (Revenue, USD Million; 2014 - <strong>2025</strong>)<br />

• Diabetes<br />

• Obesity<br />

• CVD<br />

• CNS Disease<br />

• Respira<strong>to</strong>ry Diseases<br />

• Smoking Cessation<br />

• Others<br />

End use Outlook (Revenue, USD Million; 2014 - <strong>2025</strong>)<br />

• Patients<br />

• Providers<br />

• Payers<br />

• Employers<br />

• Others<br />

Regional Outlook (Revenue, USD Million; 2014 - <strong>2025</strong>)<br />

• North America


• U.S.<br />

• Canada<br />

• Europe<br />

• Germany<br />

• UK<br />

• Asia Pacific<br />

• China<br />

• India<br />

• Latin America<br />

• Brazil<br />

• Mexico<br />

• MEA<br />

• South Africa<br />

See More Reports of this Category by Million Insights @<br />

https://www.millioninsights.com/industry/healthcare-it<br />

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