Digital Therapeutics Market To Be Valued US$ XX Mn by 2023 Due to Surge in Chronic Diseases Coupled with Adoption of Innovative Technologies
London, London -- (SBWIRE) -- 11/10/2018 -- Analyst Speak:
"The Digital Therapeutics Market has witnessed to reach US$ XX Mn by 2023, set to grow with a significant CAGR over six years of forecast period 2018-2023 owing to increase in prevalence of chronic diseases and increased awareness among the patients regarding the advanced technologies".
Precision Business Insights (PBI) in its report titled "Digital Therapeutics Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2017 and Forecast 2018-2023" assesses the market performance over six years forecast period from 2018 to 2023. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
The Digital Therapeutics market was valued at US$ XX Mn in 2018 and projected to reach US$ XX Mn by 2023 owing to increase demand for health and social care with soaring geriatric population coupled with burgeoning the prevalence of chronic diseases and co-morbidities.
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Digital Therapeutics market segmented on the basis of application, distribution channel, and country
Increased Adoption of Digital Technologies for Patient Care
Surge in the number of mobile health care applications, increased digital health efficacy, increased number of sensors enables bring new health uses witnessed to unlock the potential of the digital therapeutics market.
Based on application type digital therapeutics market segmented into Prevention (Prediabetes, Obesity) Care (Diabetes, CNS, CVD, Musculoskeletal, Smoking Cessation, Others). Distribution Channel B2B (Provider, Payer, Employer) B2C (patient, Caregiver).
Based on Application, diabetes is projected to expand at significant growth rate due to increased diabetes patient pool and adoption of novel software to assist the patient to ensure the daily medications and blood measurement of glucose levels
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U.S., Most Lucrative Market for Digital Therapeutics Market
Precision Business Insights (PBI) Digital Therapeutics market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa. According to regional analysis, North America accounted for larger revenue share through 2012-2017 and is projected to follow over 2018-2023 owing to increase in adoption of innovative technologies in patient care, rising the number of mobile and internet users. Increased number of geriatric population pool, obese and diabetic population in U.S., is anticipated to offer lucrative opportunities for the market players
Launch of new software, and strategic alliances are the key strategies adopted by market players
Digital Therapeutics market key players adopting strategies such as introduction of new products into the market, strategic collaborations among the players to strengthen the market position and gain the competitive edge is anticipated to fuel the market.
Key player's profiles in the report are Omada Health Inc.,WellDoc, Inc, 2Morrow, Inc., Livongo Health, Proteus Digital Health, Inc., Twine Health, Inc., Jintronix Inc., Canary Health, Inc., Propeller Health Noom Inc.,Virta Health Corp and Medtronic Plc., Dthera Sciencess., Claritas Mindsciences, BiogenoQ Inc.
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By Application Type
By Distribution Channel
? Care giver
o North America
? Rest of Europe
? Rest of Asia Pacific
o Latin America
? Rest of Latin America
o Middle East and Africa
? South Africa
? Saudi Arabia
? Rest of MEA
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