Rising Demand: Digital Therapeutics Market Predicted to Expand at 20% CAGR by 2030
According to a recent comprehensive by MarkNtel Advisors Digital Therapeutics Market research report, the Digital Therapeutics market is set for significant growth, driven by factors such as market size, share, and evolving trends.
This detailed report offers crucial
insights into the market, covering key aspects such as market segmentation and
definitions. It outlines the main drivers of growth and provides a clear
forecast of the industry’s future direction. Additionally, the study provides a
thorough overview of the competitive landscape, detailing recent developments
and regional distribution across major areas. An expert competitor analysis
delivers an in-depth understanding of market dynamics, offering strategic
recommendations for businesses and investors.
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With its robust analysis and forward-looking
projections, this report is an essential resource for stakeholders aiming to
leverage emerging opportunities and address potential challenges in
the Digital Therapeutics market.
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Digital Therapeutics
Market (2024-2030): Analysis and Growth
The Global Digital Therapeutics Market
is estimated to grow at a CAGR of around 20% during the forecast period, i.e.,
2024-30.
What are the key
drivers fueling growth in the Digital Therapeutics market from 2024-2030?
Increasing Prevalence of Preventable
Chronic Diseases to Infuse the Market Growth – There has been a significant
prevalence of preventable chronic diseases, such as diabetes, cardiovascular
diseases (CVDs), etc., across the globe. For instance, as per the International
Diabetes Federation (IDF), worldwide, approximately 537 million adults aged
between 20-79 years were living with diabetes in 2021. Further, the total
number of patients with diabetes is projected to rise to 643 million by 2030
& 783 million by 2045.
Digital therapeutics assist patients to
effectively manage diabetes by offering personalized management strategies,
including blood glucose tracking & medication reminders. As a result, the
demand for diabetes-based digital therapeutics, such as BlueStar by WellDoc,
Livongo Diabetes Program, etc. has increased. This has further propelled the
overall Digital Therapeutics Market.
Digital Therapeutics
Market : Segmentation Analysis
-By Product
-Software- Market Size & Forecast 2019-2030, USD
Million
-Hardware- Market Size & Forecast 2019-2030, USD
Million
-By Application
-Preventive- Market Size & Forecast 2019-2030,
USD Million
-Pre-Diabetes- Market Size & Forecast 2019-2030,
USD Million
-Obesity- Market Size & Forecast 2019-2030, USD
Million
-Smoking Cessation- Market Size & Forecast
2019-2030, USD Million
-Others (Hypertension, Sleep Hygiene, etc.) - Market
Size & Forecast 2019-2030, USD Million
-Treatment/Care- Market Size & Forecast
2019-2030, USD Million
-Cardiovascular Diseases (CVDs)- Market Size &
Forecast 2019-2030, USD Million
-Central Nervous System Diseases- Market Size &
Forecast 2019-2030, USD Million
-Diabetes- Market Size & Forecast 2019-2030, USD
Million
-Musculoskeletal Diseases- Market Size &
Forecast 2019-2030, USD Million
-Others (Respiratory Diseases, Drug Substance Abuse,
etc.) - Market Size & Forecast 2019-2030, USD Million
-By Business Model
-Business-to-Consumer (B2C)- Market Size &
Forecast 2019-2030, USD Million
-Business-to-Business (B2B)- Market Size &
Forecast 2019-2030, USD Million
-By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
Explore the Complete
Analysis Report – https://www.marknteladvisors.com/research-library/digital-therapeutics-market.html
What role do key
competitors play in shaping the market, and how are they adapting to emerging
trends and challenges?
Omada Health Inc., Google (Fitbit
Health Solutions), 2Morrow® Inc., Teladoc Health. Inc. (Livongo), ResMed
(Propeller Health), Aptar (Voluntis, Inc.), Welldoc, Inc., Canary Health, Noom,
Inc., Biofourmis, Click Therapeutics, Better Therapeutics, Cognoa, CogniFit
Inc., Virta Health, Others,
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Key Questions Answered
in the Research Report:
1.
What
are the industry’s overall statistics or estimates (Overview, Size- By Value,
Forecast Numbers, Segmentation, Shares)?
2.
What
are the trends influencing the current scenario of the market?
3.
What
key factors would propel and impede the industry across the country?
4.
How
has the industry been evolving in terms of geography & solution adoption?
5.
How
have buying behavior, customer inclination, and expectations from product
manufacturers been evolving during 2024-30?
6.
Who
are the key competitors, and what strategic partnerships or ventures are they
coming up with to stay afloat during the projected time frame?
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