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15-Jul-2021

Prescription Digital Therapeutics (DTx) Market Present Scenario, Key Vendors, Industry Share, and Growth Forecast up to 2027 | Better Therapeutics, LLC, BigHealth, Headspace Inc, Kaia Health, Xealth, Solera Network

Prescription Digital Therapeutics (DTx) Market report displays important product developments and tracks recent acquisitions, mergers and research in the industry by the key players. The report also puts light on the company market share analysis and key company profiles which are the major aspects of competitive analysis. Being a confirmed and reliable source of information, this market research report offers a telescopic view of the existing market trends, emerging products, situations and opportunities that drives the business in the right direction of success. An array of objectives of the marketing research has been considered to generate this best Prescription Digital Therapeutics (DTx) Market research report.

All of the parameters of Prescription Digital Therapeutics (DTx) Market report are estimated and analysed by a team of innovative, enthusiastic and motivated researchers and analysts so that nothing lefts uncovered in the report. The best solution is presented with the systematic study of all these parameters that is performed by the experts. The industry analysis report holds a great value for both usual and emerging market players in the industry and provides in-depth market insights. The Prescription Digital Therapeutics (DTx) Market report is prepared by taking into account the market type, organization volume, accessibility on-premises, end-users’ organization type, and availability at global level in areas such as North America, South America, Europe, Asia-Pacific, Middle East and Africa.

Global Prescription Digital Therapeutics (DTx) Market is rising gradually with a healthy CAGR of 23.35% in the forecast period of 2019-2026. Growing prevalence of cancer worldwide and expanding the application of CRISPR technology by innovative research from the different academic organizations are the key factors for market growth. 

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Few of the major competitors currently working in the global prescription digital therapeutics (DTx) market are  Better Therapeutics, LLC, BigHealth, Headspace Inc, Kaia Health, Xealth, Solera Network, F. Hoffmann-La Roche Ltd, ResMed, Pear Therapeutics, Inc, Omada Health, Inc., WellDoc, Inc, Voluntis, Teva Pharmaceutical Industries Ltd, 2Morrow Inc, SAMSUNG  among others.

Segmentation:-

Global Prescription Digital Therapeutics (DTx) Market By Diseases (Type 2 Diabetes Prevention and Management, Substance Abuse, Asthma, Insomnia and Others), Application (Preventative Care and Wellness, Diagnosis, Treatment Decision and Others), Therapies (Medication Augmentation, Medication Replacement and Others),  End- Users (Hospitals, Homecare, Specialty Clinics and Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

Competitive Analysis:

Global prescription digital therapeutics (DTx) market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of global CRISPR gene-editing market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Definition:

Prescription digital therapeutics is a novel treatment approach that allows software applications to directly treat serious disease. It is designed in such way that it delivers evidence-based treatment anytime, anywhere and even providing clinicians with real-time data on patient progress.

According to the statistics published in  Pear Therapeutics, Inc, One in every three adults are suffering from the symptoms of insomnia which contribute  up to 30 million adults are living with chronic insomnia in the United States. This growing incidence of cases globally and increase regulatory approvals are acts as market drivers.

Market Drivers

  • High prevalence of disease worldwide is driving the growth of this market
  • High regulatory approvals for digital therapeutics by regulatory authorities is also acting as a driver for the market growth
  • Promising demonstration of clinical outcomes is boosting the market growth
  • High demand due to their High cost effectiveness can also act as a market driver

Market Restraints

  • Unaffordability of digital therapeutics is restricting the growth for the market
  • Limited access to novel treatment options for conditions that previously have been untreated or undertreated by traditional medications and therapies  which acts as a market restraint
  • Lack of healthcare budget in some middle-income countries is also hampering the market growth

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Key Developments in the Market:

  • In July 2019, Pear Therapeutics, Inc filed marketing authorization application from the FDA for Somryst, a prescription digital therapeutic (PDT) the treatment of chronic insomnia and depression in adults.  If approved, it could become third FDA-authorized PDT indication, representing newer innovation for patients and physicians
  • In June 2018, Headspace Inc has launched a company Headspace Health which will focus on the creation of a new prescription meditation application by end of 2020.  This creation of the new company is the most significant milestone towards healthcare industries to help for treating a range of chronic diseases

Reasons to Purchase this Report

  • Current and future of global prescription digital therapeutics (DTx) market outlook in the developed and emerging markets
  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
  • Regions/Countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

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Editor Details

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Last Updated: 15-Jul-2021