The report is titled ‘Digital Therapeutics Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the digital therapeutics market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The digital therapeutics market is expected to grow at a significant rate in the near future.

The global digital therapeutics market in 2020 is estimated for more than US$ 3.7 Bn and expected to reach a value of US$ 22.9 Bn by 2028 with a significant CAGR of 25.8%.

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Digital Therapeutics Introduction

The digital Therapeutics market includes a couple of segments such as application and end-use. The application segment further divided into six other categories such as diabetes, obesity, CVD, CNS, respiratory, and others. The end-user segment is further divided into patients, caregivers, employers, payers, and pharmaceutical companies.

Furthermore, the study includes market estimation, market forecast, and market information for six geographical regions around the globe. In 2016, in the U.S. diabetes is the seventh major cause of death, which affects around 10% of the U.S. population that is around 30.0 million and around  95% of diabetic patients have type 2 diabetes that is significantly associated with behavioral factors such as heavy calorie intake and less physical activity.

Digital Therapeutics Market Dynamics

In the healthcare system diabetes costs around US$ 245 Bn annually of which around US$ 176 Bn is included under direct medical costs. Medical management under digital therapeutics for the patients includes a change in diet recommendations, physical activities and smoking cessation, oral anti-diabetic agents, insulin therapy, and complication preventions that are linked with diabetes, such as cardiovascular risk factor management.

Change in demographics is one of the important aspects for the growth in the health care industry as most of the countries are experiencing a high percentage of transformation in the young population into the aged population. According to World Bank Data, in 2013, the total healthcare spending globally was $7.2 trillion, which accounts for around 11.0% of global GDP and expected to grow at more than 5.0% annually to 2018. The result of global healthcare spending leads to an increase in life expectancy that leads to an aging population.

Furthermore, the UN forecasts that the global share of the population over the age of 60 is expected to increase from 11.7% in 2013 to 21.1% in 2050, with rise in chronic ailments, which in turn is expected to favor the market for digital therapeutics market in the near future.

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Digital Therapeutics Market Segmentation

The digital therapeutics market is segmented on the basis of application, product, sales channel, and region.

By Application

Preventive Applications
Prediabetes
Obesity
Nutrition
Lifestyle Management
Other Preventive Applications
Treatment/Care-related Applications
Diabetes
CNS Disorders
Mental Health Disorder
Other CNS Disorders
Chronic Respiratory Disorders
Musculoskeletal Disorders
Cardiovascular Diseases
Smoking Cessation
Medication Adherence
Gastrointestinal Disorders
Substance Use & Addiction Management
Rehabilitation & Patient Care
Other Treatment/Care-related Applications

By Product

Device
Software
Services

By Sales Channel

Patient
Caregiver
Providers
Payer
Employer
Pharma

By Region

North America
Latin America
Europe
Asia Pacific
Middle East
Africa

Digital Therapeutics Market Key Players

The global digital therapeutics market is mainly dominated by Omada Health, NeuroTrack Technologies, Inc., ZappRx, MEDIMETRICS, Arthro Therapeutics, BiogeniQ, Oviva AG, Healark, Pathology Diagnostics Ltd., between MD, LLC.

Digital Therapeutics Market Regional Overview and Analysis

On the basis of region, the global digital therapeutics market is segmented into six regions namely North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. North America digital therapeutics market is expected to be the most dominating market throughout the forecast period due to an increasing number of biotechnology companies and research institutes in the U.S. Whereas, Europe will maintain its second-largest position with Germany and U.K being the most attractive markets within the region.

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