Growth of digital therapeutics market include increasing incidence of chronic diseases, rising focus on preventive healthcare, technological advancements, growing need to control healthcare costs, significant increase in venture capital investments, & benefits of digital therapeutics.
In digital therapeutics market expected to reach USD 457.9 Million by 2021 from USD 110 Million in 2016, growing at a CAGR of 27.7% from 2016 to 2021. For instance, in 2010, U.S. Congress authorized Centers for Disease Control & Prevention (CDC) to create Diabetes Prevention Recognition Program (DPRP) & recognize programs that meet evidence-based standards provided by DPRP.
Digital therapeutics market is segmented into preventive and treatment/care applications.
Preventive applications segment is further categorized into prediabetes and obesity. Treatment/care applications segment is further categorized into cardiovascular diseases, smoking cessation, medication adherence, diabetes, CNS diseases, respiratory diseases, musculoskeletal disorders, & other applications (including wellness; post-operative care; pregnancy and parenting; and personal goals & habit platforms).
- Digital therapeutics platform/software/app/therapy/program developers
- Healthcare institutions/providers
- Healthcare insurance companies/payers
- Healthcare IT providers
- Venture capitalists
- Government agencies
- Market research and consulting firms
Digital therapeutics market refers to health or social care interventions delivered through a smart device to support healthy behaviors and provide therapeutic effects. Digital therapies/programs are cost-effective & have potential to improve patient engagement & bring a substantial change in patients’ health.
Owing to these advantages, digital therapeutics increasingly being prescribed to help manage long-term conditions like diabetes, insomnia, & asthma.
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The global digital therapeutics market is dominated by North America, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). North America will continue to lead the global market in the forecast period.
Over the next five years, the growth of the market is likely to be centered on the U.S.
Company Profiles (Introduction, Products & Services, Strategy, & Analyst Insights, Developments)
- Proteus Digital Health, Inc.
- Omada Health, Inc.
- Welldoc, Inc.
- Livongo Health
- Noom Inc.
- Ginger.Io, Inc.
- Propeller Health
- 2morrow Inc.
- Canary Health Inc.
- Mango Health Inc.
In digital therapeutics market Government initiatives to support development & adoption of digital therapeutics solutions also provide an impetus for growth of market. For instance, U.S. Congress authorized Centers for Disease Control and Prevention (CDC) to create Diabetes Prevention Recognition Program (DPRP) & recognize programs that meet evidence-based standards provided by DPRP.
Digital therapeutics market is segmented into preventive and treatment/care-based applications. On basis of sales channel, digital therapeutics market is segmented into B2C and B2B sales channel.
B2B segment is estimated to command largest share in 2016 and register highest CAGR in digital therapeutics market, by sales channel.
2 Competitive Situations and Trends
3 Partnerships, Collaborations, and Agreements
5 Other Strategies
Global digital therapeutics market segmented into North America, Europe, Asia-Pacific, & Rest of the World (RoW). North America expected to account for largest share of market by end of 2016.
This large share can be attributed to various factors, including growing incidence of chronic diseases, government initiatives to support technological advancements in field of digital therapeutics, & a growing influx of new startup companies in market.
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