Authored By: Sarah
04 Aug 2023

Digital Therapeutics Market to grow by USD 10629.25 mn through 2023-2027  

Technological advancements in digital therapeutics, followed by the growing adoption of smartphones and connected devices are driving the Digital Therapeutics Market across the world. The digital therapeutics market is forecasted to witness a humongous revenue growth of USD 10,629.25 million dollars with an estimated growth at a  CAGR of 25.59% between 2022 and 2027.

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Digital therapeutics is a promising approach to improving patient conditions affected by chronic illness while lowering healthcare expenditures. It provides evidence-based interventions through mobile applications, wearables, and other technology, that can assist patients in better managing their chronic diseases, leading to improved health outcomes.

Navigating through the growth drivers of the Digital Therapeutics Market: It is observed the prevalence of chronic diseases and the need for affordable and efficient treatment alternatives is driving the global digital therapeutics market.

Quick Fact: "As per the World Health Organization, the primary cause of mortality and morbidity globally is chronic diseases, that comprise conditions like cardiovascular disease, diabetes, and mental health issues."

Market Trends:  Global digital therapeutics market landscape, personalized and adaptable interventions are gaining traction where solutions provide patients with customized treatment programs that fit their particular requirements, interests, and lifestyles using data analytics.

Technavio's report captures the growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Request for a sample report today. 

Key Companies: Some of the key companies in the Digital Therapeutics Marketspere incudes  Akili Inc., Alphabet Inc., Better Therapeutics Inc., BigHealth, Brain+ ApS, Canary Health, Click Therapeutics Inc, Digital Therapeutics Alliance Inc., GAIA AG, Jogo Health Inc., Limbix Health Inc., Medtronic Plc. Our report on the Digital Therapeutics Market forecast report offers in-depth insights into key vendor profiles with a wider understanding of the business ecosystem. Download a  sample report today.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerating at a CAGR of 25.59%.

  2. What is the incremental growth of the market?
    The market is expected to grow by USD 10629.25 mn through 2023-2027.

  3. What is a key factor driving this market?
    The increasing prevalence of chronic diseases will drive market growth over the forecast period.

  4. What are the key regions covered in this market research report?
    North America, Europe, Asia, and the Rest of the World (ROW) are the key regions featured in this research report.

  5. Which is the leading geographic region for this market:
    44% growth will originate from North America.

  6. What are the market segments covered in this report?
    The market is segmented by Product (Software and Devices), End-user (Business-to-consumer (B2C) and Business-to-business (B2B)), and Geography (North America, Europe, Asia, and Rest of World (ROW))
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