Digital Therapeutics Market

Digital Therapeutics Market

Digital Therapeutics Market By Product Type (Hardware {Wearable Device and Non-wearable Device} and Software), By Application (Preventive and Treatment) and By Geography – Opportunities & Forecast 2020-2027

GMI Research

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This study of the market provides an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for important segments. The report also tracks product and services demand growth forecasts for the industry. The report mentions growth parameters in the regional markets along with major players dominating the regional growth.

The report offers detailed profile and data information analysis of the leading companies in the Digital therapeutics Market: • Proteus Digital Health, Inc. • Omada Health, Inc. • Welldoc, Inc. • Livongo Health • Noom Inc. • Ginger.Io, Inc. • Propeller Health • 2morrow Inc. • Canary Health Inc. • Mango Health Inc. The key drivers of the Digital Therapeutics Market are as follows: The growing use of smartphones, and the rising number of internet users, the requirement to curb healthcare expenditures, advancement, and miniaturization of digital technologies are certain factors fuelling the adoption of digital therapeutics among consumers. Trends such as Government initiative and venture capital funding are also surging the growth of the digital therapeutics market in the upcoming years.

Furthermore, growing preventive healthcare practices, digitalization of healthcare, and effective management of chronic diseases are boosting the growth of the market over the forecast period. In addition to this, enhanced drug adherence, the ability to induce Behavioral changes, and patient convenience are various benefits offered by digital therapeutics, which will further accelerate the growth of the digital therapeutics market. On the other hand, limited awareness and access to digital therapeutics 2

programs in developing economies, patient data privacy concerns will hamper the growth of the digital therapeutics market.

The outbreak of the COVID-19 pandemic has disturbed the healthcare system worldwide, and as healthy responses to the pandemic are strengthened, a need for a significant shift to apps and hardware capable of lifestyle improvement and medical intervention with potentially life-saving functionalities has emerged. The digital therapeutics market is projected to have a positive impact by the COVID-19 pandemic due to awareness regarding the importance of digital health, an increase in the prevalence of mental illness, and growth in the rate of drug abuse across the globe.

The study objectives of this report are: 1. To study and forecast the size of the market.

2. To analyze the key players, SWOT analysis, value, and market share for the leading players.

3. To define, describe, and forecast the market by different segments.

4. To analyze the market potential and advantage, opportunity and challenge, restraints and risks.

Segmentation of the Digital Therapeutics Market: Breakup by Product Type: • Hardware o Wearable Device ▪ Headbands ▪ Smart Watches ▪ Sociometric Badges ▪ Others o Non-wearable Device ▪ Glucose Monitoring Devices ▪ Others • Software Breakup by Application: 3

• Preventive o Prediabetes o Obesity • Treatment o Diabetes o Obesity o CVD o CNS Disease o Respiratory Diseases o Smoking Cessation o Others Breakup by Region: • North America o United States of America o Canada • Asia Pacific o China o Japan o India o Rest of APAC • Europe o United Kingdom o Germany o France o Spain o Rest of Europe • RoW o Brazil o South Africa o Saudi Arabia o UAE o Rest of the world (remaining countries of the LAMEA region)

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