The prominent players in the CNS Digital Therapeutics Market are Pear Therapeutics, Inc., Dthera Sciences, Akili Interactive, Epicadence, Click Therapeutics, Inc., Cognoa, GAIA AG, MindSciences, Brainmarc, MedRhythms, among others.
New York, NY -- (SBWIRE) -- 06/28/2019 -- Market Industry Reports (MIR) has published a new report titled "CNS Digital Therapeutics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030." According to the report, the global CNS digital therapeutic market is estimated to be over US$ 700 Mn in 2018. It is anticipated to grow at a substantial rate from 2019 to 2030.
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There has been a rise in the number of diseases pertaining to the central nervous system (CNS). Moreover, such diseases are more prevalent among the geriatric population, which in turn is increasing. Digital medicines are relatively inexpensive compared to the conventional drugs. Furthermore, the customized nature of digital therapeutics appeals to the patients. All the above mentioned factors drive the market. However, the vulnerability of digital therapeutics to cyber threats can restrain the market growth to some extent.
The CNS-related illnesses like Alzheimers disease, Parkinsons disease, Epilepsy, Attention Deficit/Hyperactivity Disorder (ADHD), multiple sclerosis, and depression are on the rise. Even in developed countries like America, such diseases are expanding at an alarming rate. Depression has become a major burden to the world since it claims the lives of many. Hence, such diseases need to be addressed in an effective manner. Though conventional medicines (pills, dosages) are available for these illnesses, the cost of treatment is exorbitantly high. Many people, especially those living in developing and under-developed countries, can't afford the expenses. Hence, digital therapeutics is a promising way to tackle the cost issues. Many of the digital therapeutic applications are available free of cost on some online platforms. Moreover, illnesses like Alzheimers disease and Parkinsons disease are associated with old-age. And, the geriatric population is increasing throughout the world, especially in countries like Japan and Italy. Furthermore, the digital medicines are equipped with customization features. Hence, the patients can exercise control over the tools offered by the mobile application. Also, the digital therapy sessions are available 24/7, owing to which the users can participate in them as per their time of convenience.
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Highlights of the CNS Digital Therapeutics Market
1. Market segmentation up to the second or third level
2. Historical, current, and projected size of the market from the standpoint of both value and volume
3. Reporting and evaluation of recent industry developments
4. Emerging niche segments and regional markets
5. An objective assessment of the trajectory of the market
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