Digital Therapeutics Market To Reach USD 0.89 Billion By 2026 | CAGR of 21.6%
: New York, United States, 31-July-2020, (Via WiredRelease), (Reports and Data) – According to the current analysis of Reports and Data, the global Digital Therapeutic Market was valued at USD 0.17 Billion in 2018 and is expected to reach USD 0.89 Billion by year 2026, at a CAGR of 21.6 %. The study covers the genre of Healthcare IT with special focus on the Digital Therapeutic market. Digital Therapeutics are a subset of digital health. They are designed to deliver evidence-based therapeutic interventions to patients that are driven by high quality software programs to prevent, manage, or treat a medical disorder or disease. In other words, digital therapeutics utilize a digital and often, online health technologies to treat medical or psychological condition. The purpose of digital therapeutics is to mirror effective existing treatments, amplify care by using technology to scale to a large patient population, improve their behaviour or functioning and to reduce the costs incurred.
These therapeutics tend to target conditions that are poorly addressed by healthcare systems today. These essentially include chronic and neurological diseases. The digital therapeutic deal with categories of behaviour management, chronic condition management and medication adherence. This field is slowly joining the medical and healthcare mainstream. The continuous research and development and the rising awareness about its applications are the key driving factors of this market. Digital Therapeutics deliver clinical outcomes and are focused on specific therapeutic indications.
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The COVID-19 impact:
Covid-19’s spread has affected manufacturing and construction activities worldwide. Logistic limitations and reconsiderations of the raw material requirements are becoming a problem for producers. The producers have relied on derived demand as an intermediate commodity to rationalize production. The pandemic’s economic impact on companies and financial markets is also not favorable. Stock market volatility and decreasing global growth are anticipated, which will affect the market. The market has experienced a downturn over the weeks, which may continue over the next few months. The Asia Pacific is the most affected region by this pandemic, with China at the center of the outbreak. Most initiatives in multiple countries have changed to a temporary halt. Development, as well as supply, is put on hold, creating losses for suppliers, dealers and customers alike.
Key participants include
Dthera Sciences, Omada Health, Propeller Health, Pear Therapeutics, Proteus Digital Health and Canary Health Inc.
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For the purpose of this report, Reports and Data have segmented into the global Digital Therapeutics market on the basis of type, propellants, application, and region:
Type (Revenue, USD Million; 2016–2026)
Software and mobile applicationHardware
Disease Type (Revenue, USD Million; 2016–2026)
ObesityDiabetesCardiovascular DiseaseCentral Nervous SystemRespiratory DiseasesOthers
Application (Revenue, USD Million; 2016–2026)
End Use (Revenue, USD Million; 2016–2026)
Regional Outlook (Revenue, USD Million; 2017-2027)
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Key Question the Report Will Answers
At what rate will the Digital Therapeutics Market grow?
What will be the value of the market in 2027?
What are the key technologies driving Digital Therapeutics? What would be the impact of Digital Therapeuticsacross different regions?
What are the strategies adopted by players to enter the APAC region?
What is the key application of Digital Therapeuticsin the transportation sectors?
What are future growth strategies in the market?
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