Press Release

Digital Therapeutics Market to Inflate Gradually; Surging Geriatric Population to Support Expansion, states Fortune Business Insights™

The increasing prevalence of chronic diseases is expected to fuel demand for digital therapeutics during the forecast period, states Fortune Business Insights, in a report, titled “Digital Therapeutics Market“ Size, Share & Industry Analysis, By Application (Diabetes, Weight Management, Cardiovascular Diseases, Respiratory Diseases, Others), By Product (Software, Devices), By End-user (Patients, Caregivers) and Regional Forecast 2020-2027.” The market size is likely to proliferate owing to the growing geriatric population.

Request a Sample Copy of the Research Report: 

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/digital-therapeutics-market-103501

The occurrence of coronavirus has caused enormous damage to various businesses across the world. We understand that this health emergency has negatively impacted various sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling, and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic.

We are perpetually working on our reports to help uplift businesses in this crucial time. Our expertise and experience can offer enormous benefits to help regain during this global pandemic.

The report on the digital therapeutics market reveals:

  • Renowned insights into the industry
  • Important data with in-depth research
  • Factors exhibiting market growth
  • Wide-ranging study about main regions
  • COVID-19 impact on the market
  • Prime developments in the industry

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

To get the short-term and long-term impact of COVID-19 on this Market.

Please visit: https://www.fortunebusinessinsights.com/digital-therapeutics-market-103501

Market Driver:

Surging Cases of Cardiovascular Diseases to Bolster Growth

The increasing cases of heart strokes can improve the prospects of the market in the forthcoming years. As per the data reported by the American Heart Association’s Heart and Stroke Statistics – 2019, nearly half of (48%, 121.5 million in 2016) of all adults in the United States suffered from some type of cardiovascular disease. The growing emphasis on early diagnosis, disease prevention, and patient convenience can spur lucrative opportunities for the market. Moreover, the increasing prevalence of chronic diseases owing to lack of physical exercise, sedentary lifestyles, and increased consumption of junk food can favor the market growth in the forthcoming years. The surging healthcare development and growing technological advancements are expected to contribute positively to the market’s growth.

Digital therapeutic delivers authentic therapeutic interventions to patients and offers high-quality software programs to inhibit, accomplish, or treat a medical disease or disorder.

However, lack of awareness and hesitancy among patients to adopt digital therapeutics are factors expected to hamper the market’s growth. Besides, data privacy concerns are expected to further hinder the market’s growth in the forthcoming years.

Have Any Query? Ask Our Experts:

https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/digital-therapeutics-market-103501

Regional Analysis:

Favorable Government Initiatives to Push Growth in North America

North America is expected to hold the largest share globally due to theincreasing prevalence of chronic diseases. The favorable government initiatives in the U.S. are expected to contribute positively to the region’s market growth. The refining compensation structure for digital therapeutic solutions and accumulative investment in the digital therapeutics field is expected to boost North America’s development. Asia Pacific is expected to expand radically during the forecast period owing to the increasing prevalence of chronic illness. Moreover, the growing geriatric population and expansion of digital therapeutics can further uplift the region’s market.

The Major Companies in The Global Digital TherapeuticsInclude:

  • Proteus Digital Health Inc.
  • Omada Health Inc.
  • Welldoc Inc.
  • Livongo Health
  • Noom Inc.
  • Propeller Health
  • CANARY HEALTH
  • Mango Health Inc.
  • 2Morrow, Inc.

Notable Development:

November 2019: Welldoc and Astellas Pharma Inc. developed and commercialized the Bluestar product in Japan and Asia.

October 2019: 2Morrow launched the first digital health smartphone app to help teens and young adults quit vaping.

June 2019:Catasys Inc. announced a partnership with CANARY HEALTH to aid more significant portion of the population through digital therapeutics

What are the key segments in the market?

Global Digital Therapeutics Segmentation :

By Application

  • Diabetes
  • Weight Management
  • Cardiovascular Diseases
  • Respiratory Diseases
  • Others

By Product

  • Software
  • Devices

By End-user

  • Patients
  • Caregivers

By Geography

  • North America (USA, Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

    With tables and figures helping analyse worldwide Global digital therapeutics Market Forecast provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

More Trending Topics from Fortune Business Insights :

South East Asia Medical Gloves Market to Hit $373.7Mn by 2027; Heightening Demand for Protective Medical Clothing to Aid Market Growth: Fortune Business Insights™

Normal Saline for Parenteral Use Market to Hit $3.71Bn by 2026; Increasing Demand for Effective Fluid Solutions for Admitted Patients to Fuel Growth: Fortune Business Insights™

Cementless Total Knee Arthroplasty Industry 2021-2028, Size, Share, Growth, Trends, Analysis, Competitive Landscape, Revenue, Forecast Report

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune – 411045, Maharashtra, India.

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email:[email protected]

Fortune Business Insights™

LinkedIn | Twitter | Blogs

 

Related Reports:

Acne Treatment Market

Acne Treatment Market Size

Acne Treatment Market Share

Acne Treatment Market Trends

Acne Treatment Market Growth

Acne Treatment Market Analysis

Acne Treatment Market Business Opportunities

Acne Treatment Market Key Players

Acne Treatment Market Demand

Acne Treatment Market Competitive Landscape

Acne Treatment Market Segments

Acne Treatment Market Overview

Acne Treatment Market Industry

Tags

Dale Martinez

Dale possesses an engineering degree in Electronics from the Georgia Institute of Technology. She is the sole contributor at the Healthcare IT column. Before opting to write, Dale worked at major firms such as Microsoft, Amazon, GE, Raytheon, and so on. She possesses vast knowledge about a variety of fields like IT, IoT, Telecommunications, Health Dialysis, photovoltaic, and many others. Dale is also a ballet dancer.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close