Global Digital Therapeutics Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Digital Therapeutics market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.
The global digital therapeutics market revenue was US$ 3,537.25 million in 2020. The global digital therapeutics market revenue is forecast to reach US$ 23,569.34 million by 2030, growing at a compound annual growth rate (CAGR) of 20.3% during the forecast period from 2021-2030.
Request To Download Sample of This Strategic Report :-https://reportocean.com/industry-verticals/sample-request?report_id=Pol519
Digital therapeutics offers patients evidence-based therapeutic interventions. The software or device prevents, manages, or treats a medical condition. Patients can benefit from using digital therapeutics software either independently or in conjunction with devices, medications, or other treatments. Digital therapeutics are designed and validated clinically, usable, and secure based on best-in-class technology practices.
Factors Influencing Market Growth
- Growth in the usage of smartphones and tablets, coupled with healthcare apps, and the need to control healthcare costs, along with the rise in incidences of chronic diseases, are driving the global digital therapeutics market.
- A lack of awareness about digital therapeutics in developing countries and patient privacy concerns may slow down the growth of the digital therapeutics market.
- There are several products in the pipeline in the late stages of development that will provide lucrative opportunities for the growth of the digital therapeutics market.
Impact Analysis of COVID-19
The overall impact of COVID-19 on the digital therapeutics market remains positive. There has been an increase in awareness regarding the importance of digital health, mental illness prevalence, and the rate of drug abuse worldwide. Also, during this pandemic, many people stayed at home, resulting in less physical activity, an unhealthy lifestyle, and mental stress, which increased the prevalence of chronic diseases. Thus, Digital therapeutics devices and software were in high demand across the globe.
The U.S. Food and Drug Administration issued temporary guidance for Pear Therapeutics’ products for mental health during the COVID-19 pandemic. In addition, it suggests that regulatory agencies are acknowledging the importance of digital therapeutic products. Furthermore, U.S. digital health companies raised $5.4 billion in venture funding in the first half of 2020, setting a record high in the history of digital health funding. It indicates that investors believe these solutions are essential. Thus, the COVID-19 pandemic had a positive impact on digital therapeutics market growth.
Get a Sample PDF copy of the report :-https://reportocean.com/industry-verticals/sample-request?report_id=Pol519
Regional Insights
North America dominated the global digital therapeutics market. North America is also forecast to experience the highest growth rate. The market growth in this region is due to factors such as new startups, increased investments in digital therapeutics, improved reimbursement structures for digital therapeutics, and government initiatives to promote technological advancements.
Leading Competitors
The leading prominent companies profiled in the global digital therapeutics market are:
- 2MORROW, Incorporated
- Akili Interactive Labs, Incorporated
- Click Therapeutics, Incorporated
- Fitbit, Inc. (Twine Health, Inc.)
- Happify, Incorporated
- Kaia Health
- Livongo Health, Incorporated
- Medtronic Plc.
- Omada Health, Incorporated
- Pear Therapeutics, Incorporated
- Proteus Digital Health, Incorporated
- Resmed, Incorporated (Propeller Health)
- Voluntis, Incorporated
- Welldoc, Incorporated
- Other Prominent Players
Scope of the Report
The global digital therapeutics market segmentation focuses on Application, Product Type, Sales Channel, and Region.
Segmentation based on 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
Segmentation based on Product Type
- Software
- Device
Segmentation based on Sales Channel
- Business-to-Business (B2B)
- Employer
- Healthcare Provider
- Others
- Business-to-Consumer (B2C)
- Patient
- Caregiver
- Pharmaceutical Companies
- Other Buyers
Get a Sample PDF copy of the report :-https://reportocean.com/industry-verticals/sample-request?report_id=Pol519
Segmentation based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Key questions answered in the global market report are:
— How does a global company acquire markets?
— What are its core strategies and policies?
— What factors will influence the market over the forecast period?
— What are the factors driving and restraining the market?
— What are the leading competitors in the global market?
— Which region is growing at a higher pace in the global market?
Full Report Description, TOC, Table of Figure, Chart, etc.-https://reportocean.com/industry-verticals/sample-request?report_id=Pol519
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is a ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports.
Get in Touch with Us:
Report Ocean:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES Tel: +1 888 212 3539 (US – TOLL FREE)
Website:https://www.reportocean.com/