Sarasota, FL -- (SBWire) -- 07/16/2018 --According to the report, global digital therapeutic devices market was valued at approximately USD 1,470 million in 2017 and is expected to generate revenue of around USD 8,472 million by the end of 2024, growing at a CAGR of around 24.0% between 2018 and 2024.
Digital therapeutic is health care intervention delivered through smart devices to support the behavior of an individual and also provide therapeutic effects accordingly. Increase in incidences of preventable chronic diseases and technological advancements in digital therapeutics anticipate driving the growth of the digital therapeutic devices market.
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The report covers forecast and analysis for the digital therapeutic devices market on a global and regional level. The study provides the historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Million). The study includes drivers and restraints for the digital therapeutic devices market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the digital therapeutic devices market on a global level.
In order to give the users of this report a comprehensive view on the digital therapeutic devices market, we have included a competitive landscape and analysis of Porter's Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness.
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The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research & development, product and regional expansion of major participants involved in the market.
The study provides a decisive view on the digital therapeutic devices market by segmenting it on the basis of application, sales channel, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa with its further categorization into major countries including the U.S., UK, Germany, France, China, Japan, India, Brazil, etc. This segmentation includes demand for digital therapeutic devices market based on all segments in all the regions and countries.
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The report also includes detailed profiles of end players such as Propeller Health, Claritas MindSciences, WellDoc Inc., BioTelemetry Inc., Zest Health LLC, Dthera Sciences, Pear Therapeutic Inc., Meru Health Inc., Glooko Inc., Firstbeat Technologies Ltd., Digital Therapeutic, and Ginger. Io Inc.
Digital Therapeutic Devices Market Is Hitting New Highs: USD 8,472 Million by 2024
Global Digital Therapeutic Devices Market Set for Rapid Growth, To Reach Around USD 8,472 Million by 2024