At 20% CAGR, Digital Therapeutic Devices Market Size | Share Analysis, Future Growth and Industry Trends, 2020-2025
Pune, Maharashtra, India, August 27 2020 (Wiredrelease) Brandessence Market Research and Consulting Pvt ltd –: Global Digital Therapeutics Market Size Was Valued At $2.22 Billion In 2018 And Is Expected To Reach $9.69 Billion By 2026 With A CAGR Of 20% During The Forecast Period.
The Digital Therapeutics Alliance states: “Digital therapeutics (DTx) deliver evidence-based therapeutic interventions to patients that are driven by high quality software programs to prevent, manage, or treat a broad spectrum of physical, mental, and behavioral conditions. Digital therapeutics are different from wellness apps or medication reminders in that they require rigorous clinical evidence to substantiate intended use and impact on disease state.
It is often used as a preventive measure for patients who are at risk of developing more serious conditions. For instance, a patient with prediabetes may be prescribed digital therapeutics as a method to change their diet and behavior that could otherwise lead to a diabetes diagnosis. Digital therapeutics can also be used as a treatment option for existing conditions. For instance, a patient with type II diabetes can use digital therapeutics to manage the disease more effectively.
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The methodology uses a variety of digital implements to help manage, monitor, and prevent illnesses in at-risk patients. These include mobile devices and technologies, apps, sensors, desktop computers, and various Internet of Things devices. These implements can collect a wide variety of data, ranging from big to small. Digital therapeutics can theoretically collect a high volume of data from a variety of sources. It also collects “smaller” data, “capturing personalized physiological parameters, behavior patterns and social and geographical patterns that can be recorded from multiple digital sources.
Digital therapeutics can be used for a variety of conditions. There is no single methodology used in the practice of digital therapeutics. It uses methods rooted in cognitive behavioral therapy to spur patients to make lifestyle changes. The method can be used to manage and prevent numerous conditions, including type II diabetes, Alzheimer’s disease, dementia, congestive heart failure, chronic obstructive pulmonary disease, asthma, lung disease, obesity, substance abuse, ADHD, insomnia, hypertension, anxiety, depression, and others.
Methodologies can be as simple as sending notifications designed to alter behavior to patients who are at risk of obesity or diabetes and as complex as administering an ingestible radio tag that communicates with an external sensor to monitor the efficacy of a given medication. Diabetes and obesity prevention and management is a major focus in the field of digital therapeutics.Connected devices like insulin pumps, blood glucose meters, and wearable gadgets can all send data to a unified system. The therapy also uses self-reported data like diet or other lifestyle factors. It is also often used to monitor the potential for heart and lung conditions and change behaviors like smoking, poor diet, or a lack of exercise.
Digital therapeutics can also be used to treat patients with psychological and neurological symptoms. For example, patients with disorders like ADHD, depression, and anxiety can receive cognitive behavioral therapy via their mobile devices. One study looked at the efficacy of avatar-based therapeutic interventions to reduce depressive symptoms. Another study analyzed seven clinical trials to demonstrate the efficacy of a digital therapeutic in significantly reducing blood pressure. A preliminary study suggested that a mobile mindfulness app may be able to decrease acute stress while improving mood.
At the same time, we classify different Digital Therapeutic Devices based on their definitions. Upstream raw materials, equipment and downstream consumers analysis is also carried out. What is more, the Digital Therapeutic Devices industry development trends and marketing channels are analyzed.
Finally, the feasibility of new investment projects is assessed, and overall research conclusions are offered.
Digital Therapeutic Devices Companies
Blue Mesa Health
M&A Deals – Digital Health
Market segmentation, by product types:
Pain Management Devices
Respiratory Therapy Devices
Market segmentation, by applications:
B2C(Patients and Caregivers)
B2B(Providers, Payers, Employers, and Pharmaceutical Companies)
Market segmentation, by regions:
Middle East & Africa
The report can answer the following questions:
What is the global (North America, South America, Europe, Africa, Middle East, Asia, China, Japan) production, production value, consumption, consumption value, import and export of Digital Therapeutic Devices? Who are the global key manufacturers of Digital Therapeutic Devices industry? How are their operating situation (capacity, production, price, cost, gross and revenue)? What are the types and applications of Digital Therapeutic Devices? What is the market share of each type and application? What are the upstream raw materials and manufacturing equipment of Digital Therapeutic Devices? What is the manufacturing process of Digital Therapeutic Devices? Economic impact on Digital Therapeutic Devices industry and development trend of Digital Therapeutic Devices industry. What will the Digital Therapeutic Devices market size and the growth rate be in 2024? What are the key factors driving the global Digital Therapeutic Devices industry? What are the key market trends impacting the growth of the Digital Therapeutic Devices market? What are the Digital Therapeutic Devices market challenges to market growth? What are the Digital Therapeutic Devices market opportunities and threats faced by the vendors in the global Digital Therapeutic Devices market?
Objective of Studies:
To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Digital Therapeutic Devices market. To provide insights about factors affecting the market growth. To analyze the Digital Therapeutic Devices market based on various factors- price analysis, supply chain analysis, Porte five force analysis etc. To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, Latin America and Rest of the World. To provide country level analysis of the market with respect to the current market size and future prospective. To provide country level analysis of the market for segment by application, product type and sub-segments. To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market. To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Digital Therapeutic Devices market.
Table of Content
1. Chapter – Report Methodology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description
2. Chapter – Global Digital Therapeutic Devices Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary
2.3. Global Digital Therapeutic Devices Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Digital Therapeutic Devices Market: Trends
2.8. Porter’s Five Forces Analysis
2.9. Market Attractiveness Analysis
3. Chapter – Global Digital Therapeutic Devices Market Overview: Quantitative Analysis
4. Chapter – Global Digital Therapeutic Devices Market Analysis: Segmentation By Type
5. Chapter – Global Digital Therapeutic Devices Market Analysis: Segmentation By Application
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