Digital Therapeutics Market Growth Opportunity and Business Strategy
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Major Players in the Digital Therapeutics Market
The prominent players in the global digital therapeutics market are Propeller Health Omada Health, Inc., Livongo Health Pear Therapeutics, Inc., 2Morrow, Inc., Ginger.Io, Inc., Noom, Inc. Mango Health, Canary Health, Inc., and Proteus Digital Health among others.
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The continual growth of the Digital Therapeutics market can be attributed to several factors, increasing use of smartphones and internet, increasing awareness related to digital health therapy, and rising number of chronic diseases & geriatric population. Kaiku Health, a Helsinki-based company offering digital patient monitoring and patient-reported outcome services, collaborated with Turku University Hospital & Amgen (Finland) to launch a digital symptom tracking for multiple myeloma, a type of bone marrow cancer. This digital health therapy would support and guide patients in their treatment regime. Moreover, need to curb the growing healthcare cost and provide better healthcare to population are other factors adding to the growth of the global digital therapeutics market between 2019 and 2030. To obtain better insights regarding the market scenario prominent players are increasingly focusing on collaborative initiatives with several institutes and research centers.
Increasing Use of Smartphones and Internet
Cell phones and web have assumed a rotate job in development of advanced therapeutics. As medicinal services has turned out to be costlier advanced therapeutics offer cost sparing and decrease clinic visits for patients. Versatile applications and counsel offer better method for giving consideration to patients experiencing endless maladies. Besides, in 2017 US FDA affirmed portable application to help treatment of substance use issue (SUD). The versatile application is utilized with outpatient treatment to treat liquor, cocaine, weed and stimulant SUDs.
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Rapid Growth of the Asia Pacific Market
Asia Pacific is estimated to witness the highest CAGR during the forecast period. Increasing geriatric population, continuously growing economy, and increasing awareness regarding digital health, and increasing use of smartphone & internet is anticipated to present a lucrative growth scenario for the digital therapeutics market in this region. Furthermore, supportive government healthcare regulations and norms are expected to present an attractive growth prospect for the market in the coming years.
Key Points of Table Of Content
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. ABSTRACT OF THE STUDY
4. MARKET DYNAMICS ASSESMENT
5. UNIQUE SELLING PROPOSITIONS (USPs)
6. MARKET, BY THERAPY
7. MARKET, BY TYPE
8. MARKET, BY END USER
9. MARKET - ANALYSIS & FORECAST, BY REGION
10. COMPETETIVE LANDSCAPE
11. COMPANY PROFILES(Business Overview, Applications Offered, Financial Performance, R&D Intensity, Marketing & Sales Intensity, Recent Developments, Analyst Corner)*
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