PUNE, India, March 12, 2019 /PRNewswire/ --
Summary:
According to latest research report, Digital Therapeutics Market to grow at a healthy CAGR of 21.1% by forecast period 2019 to 2027.
Growing rates of chronic diseases in developing countries is expected to drive the global digital therapeutics market. The global digital therapeutics market is estimated to be valued at US$ 1975.1 million in 2019 and is expected to reach US$ 9,121.8 million by 2027, growing at an estimated CAGR of 21.1% over the forecast period. Blue Star, an in-app coach developed by Welldoc effectively helps in management of hypertension, diabetes and weight. It primarily provides real time tips to help individuals in self-management. However, lack of awareness among consumer coupled with its fear regarding the effectiveness is expected to critically impact the market growth. The high growth potential in the developing and emerging nations is expected to propel the overall market growth from 2019 to 2027. In 2018, there was a real-world pilot study of Wellthy Diabetes (WD), a digital therapeutic tool for people suffering from Type 2 diabetes in collaboration with an insurance provider. This was designed receive that real time feedback of self-reported glucose, meals, physical activity and weight. The pilot study proved to be a clinically effective intervention for the consumers as well health insurers in Southeast Asia.
Request a Sample Copy of This Report@ https://www.absolutemarketsinsights.com/request_sample.php?id=199
The detailed research study provides qualitative and quantitative analysis of digital therapeutics market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Global Digital Therapeutics Market (US$ Million) 2018, By Product
Inquiry Before Buying This Report@ https://www.absolutemarketsinsights.com/enquiry_before_buying.php?id=199
Key Findings of the Report:
- In terms of revenue, the software segment accounted for more than 60% of the overall digital therapeutics market. The software based tools helps in managing the conditions of patients by modifying their behavioral patterns. The concept of more apps and fewer drugs can be an effective means to cure chronic diseases. For instance, the management of diabetes require regular interventions about glycemic control and adjusting insulin dose, thus offering patients a friendly self-tracking tool that organizes virtual visits with caregivers via communication interface.
- Amongst application, the obesity segments is anticipated to exhibit the highest growth. The same is expected to grow at a CAGR of 22.4% over the forecast period. In 2015, more than 40% of the 93 million people were considered obese in the United States. Factors such as sedentary lifestyle all the more increases the risk of chronic illnesses such as stoke, hypertension and type-2 diabetes. The company named Omada Health carries out digital therapeutic innovations to control blood sugar, obesity, blood fats and blood pressure of an individual.
- Business to business segment is expected to witness a CAGR of 21.2% over the forecast period. The Israeli pharmaceutical company named Teva pharmaceuticals earned FDA approval for a new digital therapeutic system in 2019 that will help to reduce unnecessary readmissions and respiratory disease costs. This will help the providers to help reduce 30-day re-admission rates.
- Asia Pacific region is expected to witness the highest growth rate over the forecast period. Increasing usage of smartphones coupled with rising government initiatives is expected to assist the growth of Asia Pacific region.
- Key players operating in the digital therapeutics market are GINGER.IO, Glooko, Inc., Livongo Health, BLUE MESA HEALTH amongst others.
- Partnership, collaboration, expansion and acquisition are some of the strategies adopted by companies to expand their space in the digital therapeutics market.
Request for Customized Report@ https://www.absolutemarketsinsights.com/request_for_customization.php?id=199
Find more related reports here at:
https://www.absolutemarketsinsights.com/reports/Pet-Cancer-Therapeutics-Market-2019-2027-160
https://www.absolutemarketsinsights.com/reports/Gene-Synthesis-Market-2019-2027-182
About Us:
Absolute Markets Insights assists in providing accurate and latest trends related to consumer demand, consumer behavior, sales, and growth opportunities, for the better understanding of the market, thus helping in product designing, featuring, and demanding forecasts. Our experts provide you the end-products that can provide transparency, actionable data, cross-channel deployment program, performance, accurate testing capabilities and the ability to promote ongoing optimization.
From the in-depth analysis and segregation, we serve our clients to fulfill their immediate as well as ongoing research requirements. Minute analysis impact large decisions and thereby the source of business intelligence (BI) plays an important role, which keeps us upgraded with current and upcoming market scenarios.
Follow Us on Social Media:
https://www.facebook.com/AbsoluteMarketsInsights/
https://twitter.com/AbsoluteMI
https://www.linkedin.com/company/absolute-markets-insights/
https://plus.google.com/117657938830005040584
By Products
o Software
o Devices
By Application
o Cardiovascular Diseases
o Central Nervous System (CNS) Disease
o Diabetes
o Gastrointestinal Disorders (GID)
o Mental Health
o Neurology
o Obesity
o Ophthalmology
o Respiratory Diseases
o Smoking Cessation
o Others
By Distribution Channel
o Business to Business
o Business to Customer
By End User
o Patients
o Healthcare Providers
o Payers
o Employers
o Other (Fitness and Wellness Centers, Gym, Etc.)
By Geography
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of South Asia
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Request for Customized Report@ https://www.absolutemarketsinsights.com/request_for_customization.php?id=199
Contact Us:
Company: Absolute Markets Insights
Email id: [email protected]
Phone: +91-740-024-2424
Contact Name: Shreyas Tanna
The Work Lab,
Model Colony, Shivajinagar, Pune, MH, 411016
Website: https://www.absolutemarketsinsights.com/
SOURCE Absolute Markets Insights
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article