Digital Therapeutics: A New Age Medicine

Report Code: HLC259B

Publish Date: Dec 2022

Publisher: BCC Publishing

Category: Health Maintenance

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Report Highlights

The goal of this report is to understand the current digital therapeutics scenario and to assess the market’s growth potential. This study explores market dynamics that impact the growth of the market. The main objective of the study is to present a comprehensive analysis of the current market and the future direction of the market.

Report Includes

  • A brief general outlook of the global market for digital therapeutics scenario
  • Analyses of the global market trends, with market revenue data from 2019 to 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
  • Highlights of the current and upcoming market potential for digital therapeutics, and areas of focus to forecast this market into various segments and subsegments
  • Updated information on market opportunities and drivers, key shifts and trends, regulations and industry specific challenges, and other factors that will shape this market demand in the coming years (2022-2027)
  • Identification of the companies best positioned to meet the demand owing to their proprietary technologies, product launches, mergers and acquisitions, and other market strategic advantages
  • Review of the technology landscape for digital therapeutics marketplace with emphasis on recently approved products as well as products under development or in different stages of clinical trials
  • Profile descriptions of the market leading participants, including Big Health, Happify, Omada Health Inc., Pear Therapeutics and Welldoc

Report Scope

The current report covers the booming technology of digital therapeutics. It also investigates the current shift in trends away from conventional methods of treatment toward the advanced means offered by digital therapeutics. This report is an update of an earlier report of the same title but focuses on more in-depth information. This report offers a comprehensive analysis of the global digital therapeutics market. Segmentation is based on application and sales channels. Based on application, the market is segmented as diabetes, psychiatric and addiction, neurological, cardiovascular diseases, and others. Based on sales channel the market is segmented as business-to-consumer (B2C) and business-to-business (B2B). The regional markets covered are North America, Europe, Asia-Pacific, and the Rest of the World (RoW). For market estimates, data has been provided for 2019, 2020, and 2021 as the base year, 2022, and a forecast for 2027.

The report provides a detailed overview and analysis of the present and future global market for digital therapeutics. Industry growth drivers, restraints, and opportunities are also discussed in detail. The report also provides a competitive landscape, elaborative company profiles, and the impact of COVID-19 on the market. The report focuses on the companies that are developing and encouraging digital therapeutics technology and doing research to develop the technology further.

Report Synopsis

Report Metrics Details
Base year considered 2021
Forecast period considered 2022-2027
Base year market size $3.2 billion
Market size forecast $13.9 billion
Growth rate CAGR of 28.1% from 2022 to 2027
Units considered $ Millions
Segments covered Application Type and Sales Channel
Regions covered North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Market Drivers
  • Increasing Incidence of Chronic Diseases
  • Increasing Investments
  • Increasing Preventive Healthcare
  • Cost-Effective
  • Rising Use of mHealth Apps and Wearables
  • Physician Adoption
  • Data Privacy and Security Concerns
  • Regulatory Approval
  • Reimbursement
  • Growing Technology Innovations
Companies studied
AKILI INTERACTIVE LABS INC.BIG HEALTH
CLICK THERAPEUTICSHAPPIFY
OMADA HEALTH INC.OREXO AB
PEAR THERAPEUTICSPROPELLER HEALTH
VOLUNTISWELLDOC
Need a custom data table, graph, region, segment, companies or complete report? CUSTOMIZE NOW

Frequently Asked Questions (FAQs)

The global market for digital therapeutics was estimated to be $3.2 billion in 2021, and the market is expected to increase to nearly $13.9 billion through 2027, growing at a compound annual growth rate (CAGR) of 28.1% during the forecast period.
The key factors contributing to the growth of the market include increasing prevalence of chronic diseases, increasing demand for preventive healthcare, increasing investment in digital health and digital therapeutics with growing research activities and increasing use of smartphone, mhealth apps and wearables.
In this report, the market is segmented based on application, sales channel, and region.
Diabetes segment will dominate the market by the end of 2027.
North America holds the highest share in the market.
Key companies in the market include Pear Therapeutics, Click Therapeutics, Akili Interactive, Omada Health, Big Health and Welldoc.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

Let us assist you! Our analysts are ready to tailor this report to your specific need. REACH OUT TO US TODAY

Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Digital Therapeutics: A New Age Medicine61Free
Published - Apr-2020| Analyst - BCC Publishing| Code - HLC259A

Report Highlights

The goal of this report is to understand the current digital therapeutics scenario and to assess the market’s growth potential. This study explores market dynamics that impact the growth of the market. The main objective of the study is to present a comprehensive analysis of the current market and the future direction of the market.

Report Includes

  • An overview of emerging market for digital therapeutics and discussion on their evolving trend in digital health
  • Detailed market share analysis of digital therapeutics and study their comparison with conventional methods
  • Highlights of current and future market potential and a detailed analysis of the competitive environment, regulatory scenario, and drivers, challenges, and trends affecting market growth
  • Coverage of new product innovations, launches, and rapid product advancements

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Digital Therapeutics: A New Age Medicine
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