Research Nester published a report titled “Digital Therapeutic Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global digital therapeutic market in terms of market segmentation by application, distribution channel, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

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The global digital therapeutic market is anticipated to attain a CAGR of ~25% over the forecast period, i.e., 2022 – 2030. The market is segmented on the basis of application into nutrition care, diabetes, cardiovascular diseases, chronic respiratory diseases, musculoskeletal disorder, gastrointestinal, substance abuse, rehabilitation, and others out of which, the diabetes segment is foreseen to attain a noteworthy share over the forecast period, owing to the rising cases of diabetes across the world, backed by unhealthy diet, lack of exercise, and stressful lifestyle of the people. According to the data by the World Health Organization (WHO), an estimated 422 million people suffer from diabetes mellitus worldwide, as of 2020.

The global digital therapeutic market is estimated to experience growth on the back of Increasing health awareness amongst the people globally, along with the rising penetration of preventive care practices to avoid or control the diseases. Moreover, the increasing adoption of technology, and rapid acceptance of digital health tracking devices, are expected to boost the market growth over the forecast period. Rising cases of lifestyle diseases and growing mortality rate due to these diseases, also promote the adoption of preventive healthcare. Such factors are estimated to boost the market growth.

On the basis of geographical analysis, the global digital therapeutic market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America region is projected to gain the largest market share throughout the forecast period owing to the rising incidences of lifestyle diseases in the region. According to the data by the U.S. Center for Disease Control and Prevention (CDC), heart diseases were responsible for over 659,041 deaths in the U.S. Moreover, rising health awareness in the region is estimated to boost the market growth.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

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Increasing Adoption of Preventive Healthcare to Boost the Market Growth

The increasing prevalence of lifestyle diseases, such as, diabetes, cardiovascular diseases, hypertension, and others, have resulted in raised awareness amongst individuals for the adoption of preventive measures. The combination of preventive care practices with technology, is estimated to boost the market growth. Moreover, availability of trackers, mobile applications, and software to govern the health and fitness, is estimated to boost the market growth.

However, lack of healthcare infrastructure is expected to operate as key restraint to the growth of the global digital therapeutic market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global digital therapeutic market which includes company profiling of Akili Interactive Labs, Inc., Omada Health, Inc., Koninklijke Philips N.V., WellDoc, Inc., Noom, Inc., Pear Therapeutics, Inc., Teladoc Health, Inc., Click Therapeutics, Inc., and Ayogo Health Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global digital therapeutic market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

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Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.

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