According to the new market research report " Digital Therapeutics Market by Application
(Prevention (Prediabetes, Obesity), Care (Diabetes, CVD, CNS, CRD, Smoking
Cessation, Musculoskeletal)), Sales Channel (B2C (Patient, Caregiver), B2B
(Provider, Payer, Employer, Pharma)) - Global Forecast to 2021",
published by MarketsandMarkets™, The global digital therapeutics market is
expected to reach USD 457.9 Million by 2021 from USD 110 Million in 2016,
growing at a CAGR of 27.7% from 2016 to 2021.
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The factors driving market growth include growing incidence
of chronic diseases, rising focus on preventive healthcare, technological
advancements, growing need to control healthcare costs, significant increase in
venture capital investments, and the benefits of digital therapeutics. However,
factors such as lack of awareness and access to digital therapeutics programs
in developing countries, patient data privacy concerns, and resistance from
traditional healthcare providers may restrain the digital therapeutics market
growth.
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TOC on "Digital Therapeutics Market"
148 - Tables
36 - Figures
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Size & Share | Industry Analysis” research study at:
The digital therapeutics market is highly fragmented,
diversified, and increasingly competitive, with a large number of small players
competing for market space, including startup firms. Each segment has different
market players and market leaders. For instance, the prediabetes market was led
by Omada in 2015. Omada Health is a leading provider of digital therapeutics
for preventable type 2 diabetes and heart disease. Omada’s product portfolio
consists of ‘Prevent’, an online diabetes prevention program. The company has
succeeded in securing heavy investments which it channelizes into the
development, enhancement, and commercialization of its product.
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