Exploring the Digital Therapeutics Market: Growth Drivers and Restraints | CAGR 19.4%

Digital therapeutics (DTx) refer to evidence-based interventions that utilize software programs or digital technologies to treat or manage medical conditions. According to a new report published by Allied Market Research, titled, ” Digital Therapeutics Market by, Product, Sales channel, Application and Region: Global Opportunity Analysis and Industry Forecast, 2021–2031,” the global digital therapeutics market size was valued at $3,845.74 Million in 2021, and is projected to reach $22,601.97 Million by 2031, registering a CAGR of 19.4%.

Which is the most influencing segment growing in the digital therapeutics market report?

Software segment dominated the global market in 2021, and expected to continue this trend throughout the forecast period due the advancements and digitalization and adoption of the smartphones and various devices.

What are the market values / growth % of emerging countries?

North America is projected to account for a major share of the digital therapeutics market during the forecast period. U.S. dominated the North America digital therapeutics market owing to increased advancements in the digital treatment. Europe is expected to be the fastest growing market in the forecast period.

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• Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
• Comprehensive quantitative and qualitative insights at segment and sub-segment level
• Covid 19 impact trends and perspective
• Granular insights at global/regional/country level
• Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
• Blanket coverage on competitive landscape
• Winning imperatives
• Exhaustive coverage on ‘Strategic Developments’ registered by leading players of the market

Covid-19 Situation –

• The COVID-19 pandemic has had a positive impact on the growth of the global digital healthcare market, due to the lockdown situation in various countries across the globe.
• The lockdown led to the cancellation and temporary postponement of various appointments, surgeries and tests, while many medical professionals around the world are interested and focused on the treatment of patients infected with COVID-19.
• Therefore, patients have entered digital therapy to receive the necessary health care from certified professionals at home through smartphones, tablets or computers.

  

  These interventions can range from mobile apps to wearable devices and provide a range of benefits, including improved patient engagement, increased accessibility, and lower costs. DTx has emerged as an innovative approach to healthcare, offering personalized and scalable solutions for chronic disease management, mental health, and addiction treatment, among other areas.

  DTx can range from mobile apps to virtual reality simulations and provide personalized, accessible, and cost-effective solutions for chronic disease management, mental health, and other medical conditions. DTx offers several benefits, including improved patient engagement, increased treatment adherence, and real-time tracking of patient outcomes, which can ultimately lead to better health outcomes.

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  Major Key Market Players in the Industry –

• 2MORROW, Inc.,
• Akili Interactive Labs, Inc.,
• Click Therapeutics, Inc.,
• Fitbit, Inc. (Twine Health, Inc.),
• Happify, Inc.,
• Kaia Health,
• Livongo Health, Inc.,
• Medtronic Plc.,
• Omada Health, Inc.,
• Pear Therapeutics, Inc.,
• Proteus Digital Health, Inc.,
• Resmed, Inc. (Propeller Health),
• Voluntis, Inc.,
• Welldoc, Inc

  Market: By Region Outlook

• North America (U.S., Canada, Mexico)
• Europe (UK, Germany, France, Spain, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
• LAMEA (Brazil, South Africa, Turkey, Saudi Arabia, Rest of LAMEA)

Important Questions Being Answered by This Market Report Are –

Q1. What is the total market value of digital therapeutics market report?

Q2. What would be forecast period in the market report?

Q3. What is the market value of digital therapeutics market in 2022?

Q4. Which is base year calculated in the digital therapeutics market report?

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Key findings of the study –

• Based on product, the software segment has the highest market share in 2021 and is expected to remain so during the forecast period.
• Based on the applications, the diabetes segment has the highest market share in 2021 and is expected to continue during the forecast period.
• Based on the sales channel, the industrial and consumer segment has the highest market share in 2021 and is expected to remain the same during the forecast period.
• Region, Europe is expected to witness the highest growth rate, registering a CAGR of 21.5% during the forecast period.

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Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various research data tables and confirms utmost accuracy in our market forecasting. Each and every us companies and this helps us in digging out market data that helps us generate accurate y data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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