Recent advances in information technology and biomedical science have enabled the development of a number of versatile digital solutions that are capable of either mimicking or augmenting, the fundamental qualities of pharmacological interventions
Roots Analysis has announced the addition of “Digital Health Market: Focus on Digital Therapeutics (2nd Edition), 2020-2030 (Based on Type of Solution (Software Solution, Gaming Solution and Combination Solution), Type of Therapy (Curative and Preventive), and Purpose of Solution (Medication Replacement and Medication Augmentation” report to its list of offerings.
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Key Market Insights
Nearly 230 digital therapeutic solutions are currently available / under development
Close to 45% of the aforementioned solutions are standalone software applications targeting more than 60 unique indications.
Over 85% of digital therapeutic solutions are intended to replace medication
Such solutions are currently available / being developed to treat neurological disorders (27%), mental health problems (24%), and certain metabolic disorders (24%). Alternatively, some digital health products are designed to augment the effect of conventional therapeutics and are currently being considered for treating substance use disorders and few mental health problems.
220+ clinical trials, focused on digital therapeutics, have been registered since 2004
Around 80,000 patients have been enrolled in clinical research initiatives aimed to validate the efficacy of digital therapeutics, and generate real world evidence concerning their efficacy and safety. Close to 50% of such trials have been / are being conducted in the US.
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One of the key objectives of the report was to estimate the existing digital health market size and the future opportunity for digital therapeutics developers over the next decade.
A discussion on affiliated digital health market trends, key drivers and challenges, under a SWOT framework, which are likely to impact the industry’s evolution.
Key Questions Answered
§ Who are the leading players engaged in the development of digital therapeutic solutions?
§ What are the most popular therapeutic areas addressed by digital health solutions?
§ What are the key factors influencing the price of digital therapeutics?
§ What is the trend of capital investments in the digital therapeutics market?
§ Which partnership models are commonly adopted by stakeholders in this industry?
§ What type of marketing strategies are being adopted by developers in this domain?
§ How is the COVID-19 pandemic likely to impact the digital therapeutics market?
§ How is the current and future opportunity likely to be distributed across key market segments?
§ What are the anticipated future trends related to digital therapeutics?
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The Global Digital Therapeutics Market was $1.7 Bn in 2019, and it is expected to reach $9.4 Bn by 2028.
It is eventually growing at a commendable high compound of annual growth rate CAGR of 22.1% between 2020-2028, as per the latest market research report titled Global Digital Therapeutics Market – Global industry analysis, size, share, growth, trends, and forecast, 2020-2028Digital therapeutics is a branch of a digital health system that utilizes online health technology for the treatment of certain medical conditions of the patients.
Digital therapeutics helps in the treatment of multiple diseases by making modifications in patient behavior and execute the essential monitoring in order to enhance long-term health results.
It can be used to treat numerous diseases such as diabetes, dementia, congestive heart failure, cardiovascular disease, respiratory diseases, and obesity, etc.
Digital therapeutics offers a brand-new approach for the treatment of disease in which digital systems empower patients in managing their own health and disease conditions.
Digital therapeutics is equipped with the internet, mobile phone, artificial intelligence, machine learning, and big data analytics to optimize treatment for a patient.Browse the full report at https://www.sheeranalyticsandinsights.com/market-report-research/digital-therapeutics-market-21The Digital Therapeutics Market is majorly driven by factors such as the rising adoption of digital technologies such as smartphones and tablets along with healthcare applications.
Digital Therapeutics Market Research Analysis By Product Type (Software, Devices And Others), Application (Cardiovascular Diseases, Obesity, Diabetes, Respiratory Diseases, Smoking Cessation and Others) and Sales Channel (B2B and B2C) and End Users - Global Forecast 2027Market HighlightDigital therapeutics play a fundamental role in incorporating digital elements into traditional medical devices.
The global digital therapeutics market depends on this factor significantly, and based on this, it could expect an impactful growth with substantial CAGR during the forecast period (2018-2023), reveals Market Research Future (MRFR) in an extensively studied report.
The study further states that the market can even double its valuation by 2023 than the past.Market Drivers & ChallengesThe ability of digital therapeutics, such as encompassing a multitude of current medical devices and technologies, offers proper traction has made it vulnerable that makes the market gross largely.
Even the market is said to be ever-growing and expanding at a rapid pace due to the introduction of current medical devices and technologies.
As per the study, the market is in its nascent stage and has been expanding with time-based on the fact of incorporating digital elements into traditional medical devices.
Such factors have also positively affected the digital therapeutics market.Request Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/6492Other than these factors, the ubiquity of smartphones has also brought a considerable shift in the way consumers are accessing healthcare, assisting their smartphones that offers an excellent platform for delivering advanced digital therapeutics also augments the growth of the global digital therapeutics market.
Nov 06, 2019- Million Insights Market Research has published a new report titled ‘Digital Therapeutics Market – Global Industry Analysis, Size, Share, Growth, and Forecast, 2018–2026.’ Digital Therapeutics market report helps analyze trends and significant developments in the industry.The global digital therapeutics market size was estimated at USD 1.7 billion in 2016.
Digital therapeutics is a subset of digital health and is used to track health conditions and self-management of a medical condition.
Moreover, there has been increased burden of the chronic diseases that requires effective treatment and management.
Moreover, the treatment associated with the digital therapeutics is popular which is further adding to the growth of the digital therapeutic market.
For instance, according to the CDC, about 50 % of the adult population were suffering from the chronic diseases in 2012.
As chronic diseases like diabetes, obesity and other respiratory problems are well managed with the help of the digital therapeutics they are being used on an increasing level.Based on the application, the market is classified into diabetes, obesity, cardiovascular diseases, central nervous system disease, respiratory diseases, smoking cessation, and others.
