North America and Europe Digital Therapeutic (DTx) Market By Emerging Trends, Application, Business Strategies, Developing Technologies, Revenue and Competitive Landscape

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North America and Europe   digital therapeutic (DTx) market is supportive and aims to reduce the progression of the disease. Data Bridge Market Research analyses that North America and Europe   digital therapeutic (DTx) market will grow at a CAGR of 24.8% in North America and 23.53% in Europe during the forecast period of 2023 to 2030.

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Drivers

• Rise in the prevalence of chronic diseases

The increased prevalence of diseases such as diabetes, hypertension, and asthma, among others, led to the rising demand for digital therapeutic products. People want to get affordable and comfortable treatment options quickly and in the easiest way. Digital Therapeutic is one such platform offering these services very easily and user friendly. With the rising prevalence of chronic diseases and increased demand for digital therapeutics, this platform serves well for patients. The advancement is required, and digital therapeutic provide such services, which would help in the growth of the North America and Europe digital therapeutic (DTx) market.

The prevalence of the chronic disease is the strongest driving factor in the market. Hence, this instance is expected to act as a driver in the growth of the market.

• Increase In Awareness By Government Agencies

The growing awareness among the providers, payers and employers about the different advantages that these products/services provide, as well as the healthcare cost, helps drive the market growth. The Digital Health Center of Excellence (DHCoE), part of the organized growth of the Digital Health Program in the Center for Devices and Radiological Health (CDRH), had lined up and harmonized with the digital health work beyond the FDA. It had noticed the beginning of a broad approach to digital health technology, setting the phase for promoting and grasping the possibility of digital health.

The Digital Medicine Society (DiMe) is the pioneer professional corporation for a specialist from all authorities containing the various province of digital medicine. DiMe subsists to facilitate digital medicine to develop human health. The purposes they offer are communication & education, research and building community. These strategies is expected to act as a driver in the market growth.

Recent Development

• In January 2023, Pear Therapeutics, Inc. (Nasdaq: PEAR), the leader in developing and commercializing software-based medicines called prescription digital therapeutics (PDTs), announced the inclusion of its PDTs reSET® and reSET-O® on the January 2023 Florida Medicaid Preferred Drug List (PDL). reSET and reSET-O, the only FDA-authorized PDTs for the treatment of substance use disorder and opioid use disorder, respectively, have been added to the Florida Medicaid PDL, effective January 1, 2023
• In December 2022, Click Therapeutics, Inc. (“Click”), a leader in Digital Therapeutics as prescription medical treatments, announced that it had received Breakthrough Device Designation from the U.S. Food and Drug Administration (FDA) for CT-132. Click’s CT-132 prescription digital therapeutic is under development as an adjunctive preventive treatment for episodic migraine in patients aged 18 years and older

Fundamental Aim of this Market Report

• Factors influencing This Market Size and growth rate.
• Major alterations to this market in the near future.
• Notable Market rivals around the world.
• Future Scope and Product Outlook
• Future-promising emerging markets.
• The Market Presents Difficult Challenges and Threats.

Some of the major players operating in the North America and Europe   digital therapeutic (DTx) market are: SAMSUNG, Voluntis, Livongo, Fitbit, Inc., ResMed, Natural Cycles USA Corp, GAIA AG, Smartpatient gmbh, Kaia Health, Pear Therapeutics Inc. among others.

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Europe and North America Digital Therapeutic (DTx) Market Segmentation

Product and Service Type

• HARDWARE PRODUCTS
• SOLUTIONS/ SOFTWARE
• SERVICE

On the basis of product and service type, North America and Europe digital therapeutic (DTx) market is segmented into hardware products, solutions/software and service.

BY APPLICATION

• TREATMENT/CARE-RELATED APPLICATIONS
• PREVENTIVE APPLICATIONS

On the basis of application, North America and Europe digital therapeutic (DTx) market is segmented into treatment/ care-related applications and preventive applications.

BY PURCHASE MODE

• GROUP PURCHASE ORGANIZATION
• INDIVIDUAL

On the basis of purchase mode, North America and Europe digital therapeutic (DTx) market is segmented into group purchase organization and individual.

BY SALES CHANNEL

• B2B
• B2C

On the basis of sales channel, North America and Europe digital therapeutic (DTx) market is segmented into B2B and B2C.

Key highlights of this Market report:

• Growth rate
• Remuneration prediction
• Consumption graph
• Market concentration ratio
• Secondary industry competitors
• Competitive structure
• Major restraints
• Market drivers
• Regional bifurcation
• Competitive hierarchy
• Current market tendencies
• Market concentration analysis

What benefits does the DBMR study is going to provide?

• Latest industry influencing trends and development scenario
• Open up New Markets
• To Seize powerful market opportunities
• Key decision in planning and to further expand market share
• Identify Key Business Segments, Market proposition & Gap Analysis
• Assisting in allocating marketing investments

List of Tables:

TABLE 1 REGULATORY FRAMEWORK

TABLE 2 EUROPE DIGITAL THERAPEUTIC (DTX) MARKET, BY PRODUCT AND SERVICE TYPE, 2021-2030 (USD MILLION)

TABLE 3 NORTH AMERICA DIGITAL THERAPEUTIC (DTX) MARKET, BY PRODUCT AND SERVICE TYPE, 2021-2030 (USD MILLION)

TABLE 4 EUROPE DIGITAL THERAPEUTIC (DTX) MARKET, BY APPLICATION, 2021-2030 (USD MILLION)

TABLE 5 NORTH AMERICA DIGITAL THERAPEUTIC (DTX) MARKET, BY APPLICATION, 2021-2030 (USD MILLION)

TABLE 6 EUROPE TREATMENT/CARE-RELATED APPLICATIONS IN DIGITAL THERAPEUTIC (DTX) MARKET, BY APPLICATION, 2021-2030 (USD MILLION)

TABLE 7 NORTH AMERICA TREATMENT/CARE-RELATED APPLICATIONS IN DIGITAL THERAPEUTIC (DTX) MARKET, BY APPLICATION, 2021-2030 (USD MILLION)

TABLE 8 EUROPE DIABETES IN DIGITAL THERAPEUTIC (DTX) MARKET, BY APPLICATION, 2021-2030 (USD MILLION)

TABLE 9 NORTH AMERICA DIABETES IN DIGITAL THERAPEUTIC (DTX) MARKET, BY APPLICATION, 2021-2030 (USD MILLION)

TABLE 10 EUROPE CENTRAL NERVOUS SYSTEM DISORDERS IN DIGITAL THERAPEUTIC (DTX) MARKET, BY APPLICATION, 2021-2030 (USD MILLION)

Continued..

Table of Contents:

1. Introduction
2. Market Segmentation
3. Executive Summary
4. Premium Insights
5. Market Regulations
6. Market Overview

Continued…

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