Digital Therapeutics Market by Application (Prevention (Prediabetes, Obesity), Care (Diabetes, CVD, CNS, CRD, Smoking Cessation, Musculoskeletal)), Sales Channel (B2C (Patient, Caregiver), B2B (Provider, Payer, Employer, Pharma)) - Global Forecast to 2022
— The Digital Therapeutics Market to Grow steadily at a CAGR of +27% during the forecast period.
Digital therapeutics, a part of digital health is a health discipline and treatment option that uses the digital and online health technologies for the treatment of medical condition of an individual. Digital therapy can be used individually or in combination with conventional treatment options. The therapy can be used for treatment of diverse medical indications such as type II diabetes, Alzheimer's disease, dementia, congestive heart failure, chronic obstructive pulmonary disease, and asthma. In digital therapeutics, data can be collected and analyzed as both preventive measure and progress report to deliver quality care of the patients.
A principal diagram of the Digital Therapeutics Market is introduced to the readers with the assistance of market definition, order, different applications, and production network examination. The report covers the investigation of conventional and the developing markets. The report more expresses the market rivals, their business profiles, freshest news, their piece of the overall industry, developing arrangements and methodologies, client volume and creating strategies.
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Companies Profiled in this report includes, Blue Mesa Health Inc., Glooko, Noom, Inc, Omada Health, Twine, WellDoc, Cobalt, Ginger.io, Sleepio, Canary Health, Dthera Sciences, Jintronix, Digital Therapeutics, 2Morrow Inc, Claritas MindSciences, Propeller Health, Mango Health, Proteus Digital Health, Evolent Health, Perfint Healthcare.
Major factors contributing to the growth of the digital therapeutics market include increasing incidence of chronic diseases, rising focus on preventive healthcare, technological advancements, growing need to control healthcare costs, significant increase in venture capital investments, and the benefits of digital therapeutics. With an increase in the internet usage and dependency over smartphones, digital therapeutics offers easy tracking and monitoring of patients and their vital stats without intervention. This serves in a discrete and non-interventional manner to persuade individuals to adopt healthier lifestyles and improve physical well-being. Captivating design, extended assessment, and digital tracking are features that are attributing to increasing adoption of digital therapeutics by patients, employers, providers and others.
The demand is driven by the rising need to reduce inefficiencies caused as a result of administrative processes. Digital Therapeutics is also becoming popular owing to their ability to align activities and documents of physicians or administrators with back-end central billing offices. It helps in procuring insightful reports and streamlines operations, thus improving workflows and patient care.
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With the help of healthcare systems, issues such as claim acceptance, production, and approval can be managed smoothly. Thus, many healthcare service providers are outsourcing their services to specialized vendors that have experience in particular domains. In addition to this, government regulations are also compelling healthcare service providers to outsource their services to third party vendors. Thus, the global Digital Therapeutics market is expected to flourish in the impending years.
The report also offers broad research on the key players in this market and detailed insights on the competitiveness of these players. The key business strategies such as mergers & acquisitions, partnerships, collaborations, and contracts adopted by the major players are also identifies and analyzed in the report.
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