A research study
titled, “Digital
Therapeutics Market
by Application and End User - Global Industry Analysis and Forecast to 2025”
published by Crystal Market Research, states that the digital therapeutics
market is projected to be around $9 billion by 2025.
Digital therapeutics is a sub division of healthcare that
uses advanced technologies such as apps, devices or software that offers range
of online healthcare services as to treat various medical conditions. Digital
therapeutics is a high revenue market which involvesuse of telemedicine
technology for monitoring and providing better healthcare treatments to
patients. The program operates between healthcare providers and patients
through web and phone interactions which enable healthcare providers to deliver
effective consultation to patients. Digital therapeutics market is expected to
witness high growth during forecast period owing to number of factors such as
increase in geriatric population that require home healthcare services, rise in
incidence of chronic diseases, increase in demand for cost effective healthcare
infrastructure, high adoption rate of technologically advanced products, high
investments from various institutes and government initiatives for development
and commercialization of digital therapeutics medicines.
Browse full research report with TOC on “Digital
Therapeutics Market by Application and End User - Global Industry Analysis and
Forecast to 2025” at: http://www.crystalmarketresearch.com/report/digital-therapeutics-market
Preventive application segment is projected to grow at
fastest rate during the forecast period due rise in demand for prescreening
& detection techniques and increase demand for telemedicine. Diabetes
market is expected to grow with fastest CAGR during the forecast period due to
high prevalence of diabetes and large scale use of mHealth by practitioners to
treat diabetes. According to the University of Florida Diabetes Institute,
there are more than 1,000 android and iOS apps specifically designed for
diabetes diagnosis and monitoring.
U.S. dominates the North American digital therapeutics
market due to growing prevalence of chronic diseases coupled with increasing
geriatric population and high adoption of technologically advanced devices.
Emerging market such as India and China are poised to witness favorable growth
over the forecast period due to rising awareness about digital therapeutics
solutions and increasing focus on advancement in healthcare infrastructure in
the region. Entrance of global players in these emerging markets will further
boost the market growth. For instance, in March 2017, WellDoc, Inc. in
association with Max Healthcare and International Finance Corporation launched
the WellDoc’s BlueStar mobile application in India to improve diabetes care.
The companies operating in the global digital
therapeutics market emphasize on product development coupled with technological
advancements to secure competitive advantage in the market. For instance, in
May 2015, Mango Health launched a suite of new Mango Health Habit Features
integrated with the Google Fit health tracking platform.
Request a sample copy of Digital Therapeutics Market
Research Report @ http://www.crystalmarketresearch.com/report-sample/HC0629
Some of the major
players in this market are 2Morrow, Inc., Livongo Health, Propeller Health,
Proteus Digital Health, Omada Health, Inc., WellDoc Inc., Twine Health, Inc.,
Canary Health, Inc., Mango Health, Inc. and Noom, Inc.
Key
Findings of the Research Study:
·
Diabetes market is expected to grow at a
fastest CAGR over the forecast period due to a rise in the global prevalence of
diabetes.
·
Preventive market segment is expected to
witness highest growth during forecast period due to increase in demand for
early detection and prevention techniques.
·
North America held the largest share of the
global digital therapeutics market in 2016, owing to the presence of numerous
digital therapeutics providers in the region focusing on technological
advancements and high adoption of advanced medical solutions.
·
In 2016, Europe accounted for the second
largest share owing to increase implantation of telemedicine for better disease
care.
·
Asia-Pacific is expected to witness highest
growth over the forecast period, due to increasing prevalence of diabetes, rise
in demand for cost effective healthcare services and huge investments to
support research and development for commercialization of digital therapeutic
medicines.
Inquire more about
this report at: http://www.crystalmarketresearch.com/send-an-enquiry/HC0629
Digital Therapeutics Market Segmentation:
By Application:
- Preventive
o Prediabetes
o Obesity
- Treatment/care
o Diabetes
o Medication Adherence
o Central Nervous System Disease
o Respiratory Diseases
o Musculoskeletal Diseases
o Smoking Cessation
o Cardiovascular Diseases
o Other Applications
By End User:
- Patients
- Employees
- Payers
- Providers
- Others
By Region:
- North America
o U.S
o Canada
o Mexico
- Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
- Asia-Pacific
o Japan
o China
o Australia
o India
o South Korea
o Rest of Asia-Pacific
- Rest of the World
o Brazil
o South Africa
o Saudi Arabia
o Turkey
o
United Arab Emirates
o
Others
Related
Reports:
Obesity Treatment Market by Drugs and, Surgery &
Devices - Global Industry Analysis and Forecast to 2025: http://www.crystalmarketresearch.com/report/obesity-treatment-market
Preventive Healthcare Technologies and Services Market by
Technology - Global Industry Analysis and Forecast to 2025: http://www.crystalmarketresearch.com/report/preventive-healthcare-technologies-and-services-market
About Crystal
Market Research
Crystal Market Research is a U.S. based market research
and business intelligence company. Crystal offers one stop solution for market
research, business intelligence, and consulting services to help clients make
more informed decisions. It provides both syndicated as well as customized
research studies for its customers spread across the globe. The company offers
market intelligence reports across a broad range of industries including
healthcare, chemicals & materials, technology, automotive, and energy.
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