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The patients segment is expected to be the largest and fastest growing segment in the coming years. The increasing prevalence of diabetes helps to drive the market. Moreover, rise in the number of cases of dementia and Alzheimer's disease also help to upsurge the demand for digital therapeutics in the forecast period.Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/2095757/?utm_source=Marketersmedia.com-AN
Global digital therapeutics market segmented into by application and distribution channel. Based on application, the market is segmented into diabetes, cardiovascular disease, central nervous system disease, respiratory diseases, smoking cessation, musculoskeletal disease, and others. On the basis of distribution channel, the digital therapeutics market classified as patients, providers, payers and employers.
The global digital therapeutics market is expected to reach US$ 8,941.1 Mn by 2025 from US$ 1,993.2 Mn in 2017. The digital therapeutics market is estimated to grow with a CAGR of 20.8% during the forecast period from 2018 to 2025. The growth of the digital therapeutics market is primarily attributed to the rising pressure on healthcare providers to reduce healthcare costs, rising prevalence of chronic diseases and rising in the number of partnerships and collaborations in the market are the major factors that anticipated to propel the growth for the digital therapeutics market in the forecast period. However, increasing rate of cyber threat and rise in data security issues are expected to act as major challenges hindering the market growth. On the other hand, large number of undiagnosed population is expected to be prevalent future trend in the global digital therapeutics market
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The diabetes segment anticipated to the fastest and largest growing segment in the forecast period. The body's inability to produce or effectively utilize the hormone insulin, caused diabetes. This inability prevents the body from adequately regulating blood glucose levels. Digital therapeutics help to monitor the blood glucose level of patients, which helps in reducing the prevalence of diabetes across the globe. The increasing prevalence of diabetes help to enhance the demand for digital therapeutics that majorly helps in increasing the growth of this market.
The digital therapeutics market was estimated through extensive primary and secondary sources that includes a vast array of government authorized websites such as Centers for Disease Control and Prevention (CDC), Habib Medical Group (HMG), Indian Council Of Medical Research (ICMR), International Diabetes Federation (IDF), World Health Organization (WHO) and others. The primary respondents included chair-holders and representatives of the demand and supply side for healthcare industries as well as medical professionals at digital therapeutics device manufacturing companies, hospitals, and research centers.
Table of content:
1. INTRODUCTION 18
1.1 SCOPE OF THE STUDY 18
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 18
2. GLOBAL DIGITAL THERAPEUTICS MARKET - KEY TAKEAWAYS 19
3. GLOBAL DIGITAL THERAPEUTICS MARKET - MARKET LANDSCAPE 21
3.1 OVERVIEW 21
3.2 MARKET SEGMENTATION 21
3.2.1 Global Digital Therapeutics Market- By Application 22
3.2.2 Global Digital Therapeutics Market - By Distribution Channel 22
3.2.3 Global Digital Therapeutics Market - By Geography 23
3.3 PEST ANALYSIS 24
3.3.1 North America - PEST Analysis 24
3.3.2 Europe - PEST Analysis 26
3.3.3 Asia Pacific - PEST Analysis 28
3.3.4 Middle East and Africa (MEA) - PEST Analysis 30
3.3.5 South and Central America - PEST Analysis 32
4. GLOBAL DIGITAL THERAPEUTICS MARKET - KEY MARKET DYNAMICS 34
4.1 KEY MARKET DRIVERS 34
4.1.1 Rising Prevalence of Chronic Diseases 34
4.1.2 Rising Pressure on Healthcare Providers to Reduce Healthcare Costs 35
4.1.3 Rising in the Number of Partnerships and Collaborations in the Market 35
4.2 KEY MARKET RESTRAINTS 36
4.2.1 Cyber Threat and Rise in Data Security 36
4.3 KEY MARKET OPPORTUNITY 36
4.3.1 Large Number of Undiagnosed Population 36
4.4 FUTURE TREND 38
4.4.1 Increase in the Number of Start Ups 38
4.5 IMPACT ANALYSIS 39
5. DIGITAL THERAPEUTICS MARKET- GLOBAL ANALYSIS 40
5.1 GLOBAL DIGITAL THERAPEUTICS MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN) 40
5.2 GLOBAL DIGITAL THERAPEUTICS MARKET, BY GEOGRAPHY - FORECASTS AND ANALYSIS 41
5.3 PROMINENT PLAYERS 42
5.4 PERFORMANCE OF KEY PLAYERS 42
5.4.1 Propeller Health 42
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Related Report:
Global Digital Therapeutics Market Size, Status and Forecast 2019-2025
Digital therapeutics refers to health or social care interventions delivered through a smart device to support healthy behaviors and provide therapeutic effects. Digital therapies/programs are cost-effective and have the potential to improve patient engagement and bring a substantial change in patients? health. Owing to these advantages, digital therapeutics is increasingly being prescribed to help manage long-term conditions such as diabetes, insomnia, and asthma.
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