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Global Digital Therapeutics Market Analysis and Value Forecast Snapshot by End-use Industry 2026

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[email protected] rashipande23

Market Analysis:  Global Digital Therapeutics Systems Market

Global Digital Therapeutics Systems Market is expected to rise from its initial estimated value of USD 198.03 million in 2018 to an estimated value of USD 1,365.70 million by 2026 registering a CAGR of 27.3% in the forecast period of 2019-2026. This rise in the market can be attributed to the rising geriatric population over the world and pro-active government policies to support the improvement and application of digital therapeutics solutions.

Few of the major market competitors currently working in global digital therapeutics market are Proteus Digital Health, Omada Health, Inc., WellDoc, Inc., 2Morrow Inc., Livongo Health, Propeller Health, Fitbit Health Solutions, CANARY HEALTH, Noom, Inc., Medtronic, Biogen, MindSciences, JINTRONIX, Virta Health Corp, and Dthera Sciences.

Get Sample Analysis of Global Market Information: https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-digital-therapeutics-market

Market Definition:  Global Digital Therapeutics Systems Market

Digital therapeutic is a technology based health solution. This is also known as software-as-a-drug. This system utilizes digital and online health technologies for the treatment of various medical and psychological conditions. This is basically a type of app which helps patients and physicians to constant monitor the health data by modifying patient behavior and provides remote monitoring in order to improve the patients long-term health problems. This is basically a digital system used in the treatment of medical conditions. This is a cost effective solution and also have the potential to improve patient engagement and bring substantial change in patient health. This treatment solution is basically used to help and mange long term medical conditions which include asthma, insomnia, and diabetes.

Market Drivers

  • Growing Focus on Preventive Healthcare is driving the market
  • Technological advancements in the industry will act as a major market driver

Market Restraints

  • lack of awareness among the population is restraining the growth
  • Patient data confidentiality concerns is another restraint for the market

Segmentation:  Global Digital Therapeutics Systems Market

By Product

  • Pain Management Devices
  • Rehabilitation Devices
  • Respiratory Therapy Devices
  • Insulin Pumps

By Application

  • Preventive
    • Pre Diabetes
    • Obesity
    • Smoking Cessation
  • Treatment/Care
    • Diabetes
    • Cardiovascular Diseases
    • Central Nervous System Disease
    • Respiratory Diseases
    • Musculoskeletal Diseases
    • Medication Adherence

By Sales Channel

  • Business-to-Consumer (B2C)
    • Patient
    • Caregiver
  • Business-to-Business (B2B)
    • Providers
    • Payers
    • Employers
    • Pharmaceutical Companies

By Geography

  • North America
    • US
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Turkey
    • Belgium
    • Netherlands
    • Switzerland
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • South Korea
    • India
    • Australia
    • Singapore
    • Malaysia
    • Indonesia
    • Thailand
    • Philippines
    • Rest of Asia-Pacific
  • Middle East and Africa
    • South Africa
    • Egypt
    • Saudi Arabia
    • United Arab Emirates
    • Israel
    • Rest of Middle East and Africa

Get TOC of Full Report: https://www.databridgemarketresearch.com/toc/?dbmr=global-digital-therapeutics-market

Key Developments in the Market:

  • In September, 2018, Fitbit has launched Fitbit Care. Fitbit care is a wearable device which provides self-tracking and personalized digital solution to help improve disease management, prevention and wellness. This launch helps in the expansion of the company’s digital therapeutics market
  • In November, 2017, Propeller Health entered into a strategic partnership with and Express Scripts to provide Propeller’s FDA-cleared digital solution. This will help in strengthening the company position in the digital therapeutics market

Competitive Analysis:

Global digital therapeutics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of digital therapeutics market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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