Global Digital Therapeutic Devices Market Research Report to 2027 - Featuring BioTelemetry, C2 Therapeutics and Merit Medical Systems Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Digital Therapeutic Devices Market Research Report by Product (Insulin Pumps, Pain Management Devices, and Rehabilitation Devices), Application, End User, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Digital Therapeutic Devices Market size was estimated at USD 4,485.69 million in 2021, USD 5,298.05 million in 2022, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 18.28% to reach USD 12,287.18 million by 2027.

Market Statistics:

The report provides market sizing and forecast across seven major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2019 and 2020 are considered historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered the forecast period.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Digital Therapeutic Devices Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Digital Therapeutic Devices Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Digital Therapeutic Devices Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Digital Therapeutic Devices Market?

4. What is the competitive strategic window for opportunities in the Global Digital Therapeutic Devices Market?

5. What are the technology trends and regulatory frameworks in the Global Digital Therapeutic Devices Market?

6. What is the market share of the leading vendors in the Global Digital Therapeutic Devices Market?

7. What modes and strategic moves are considered suitable for entering the Global Digital Therapeutic Devices Market?

Market Dynamics

Drivers

• Increasing rate of preventable chronic diseases
• Rising focus on preventive healthcare
• Significant increase in venture capital investments
• Benefits of digital therapeutics

Restraints

• Patient data privacy concerns

Opportunities

• Large undiagnosed and untreated population
• Unexplored therapeutic applications

Challenges

• Reluctance among patients to adopt digital therapeutics
• Lack of experience and access to digital therapeutics programs in emerging countries

Companies Mentioned

• Axonics Modulation Technologies, Inc.
• BioTelemetry Inc.
• C2 Therapeutics, Inc.
• Canary Health Technologies Inc.
• Cognito Therapeutics
• Confluent Medical Technologies
• Eko Devices Inc.
• EMulate Therapeutics, Inc.
• eNeura Inc.
• Epillo Health Systems
• Fitbit Health Solutions
• Glooko Inc.
• HealthMine, Inc.
• Livongo Health Inc
• Medtronic PLC
• Merit Medical Systems
• Nanobiosym, Inc.
• Novartis AG
• Otsuka Pharmaceutical Co., Ltd.
• Outset Medical, Inc.
• Pear Therapeutics, Inc.
• SetPoint Medical Corporation
• Vertos Medical Inc.
• Virgin Pulse, Inc.
• WellDoc Inc.

For more information about this report visit https://www.researchandmarkets.com/r/dn08y

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