Recent advances in information technology and biomedical science have enabled the development of a number of versatile digital solutions that are capable of either mimicking or augmenting, the fundamental qualities of pharmacological interventions
Roots Analysis has announced the addition of “Digital Health Market: Focus on Digital Therapeutics (2nd Edition), 2020-2030 (Based on Type of Solution (Software Solution, Gaming Solution and Combination Solution), Type of Therapy (Curative and Preventive), and Purpose of Solution (Medication Replacement and Medication Augmentation” report to its list of offerings.
According to experts, digital therapeutic solutions are primarily based on behavior modification and are designed to address a variety of therapeutic needs across a wide range of disease indications. On the other hand, several digital solutions have been developed to enable remote doctor-patient consultations. Such solutions witnessed a surge in adoptions amidst the COVID-19 pandemic.
Key Market Insights
Nearly 230 digital therapeutic solutions are currently available / under development
Close to 45% of the aforementioned solutions are standalone software applications targeting more than 60 unique indications.
Over 85% of digital therapeutic solutions are intended to replace medication
Such solutions are currently available / being developed to treat neurological disorders (27%), mental health problems (24%), and certain metabolic disorders (24%). Alternatively, some digital health products are designed to augment the effect of conventional therapeutics and are currently being considered for treating substance use disorders and few mental health problems.
220+ clinical trials, focused on digital therapeutics, have been registered since 2004
Around 80,000 patients have been enrolled in clinical research initiatives aimed to validate the efficacy of digital therapeutics, and generate real world evidence concerning their efficacy and safety. Close to 50% of such trials have been / are being conducted in the US.
Nearly USD 1.9 billion invested by both private and public investors in this domain
~85% of the total capital raised for digital therapeutics-related initiatives was from venture capital investors, featuring over 370 participants.
Partnership activity in this field has grown at a CAGR of ~42%, between 2015 and 2019
More than 70% of the reported deals were established after 2017, with the maximum activity being reported in 2019. Majority of the instances captured in the report were focused on pilot product offering (29%) and research and development agreements (21%).
North America and Europe are anticipated to capture over 70% of the market share by 2030
The market in Asia-Pacific regions is anticipated to grow at a relatively faster pace (23.2%). In 2030, digital solutions targeting metabolic disorders are likely to represent the largest market share, in terms of revenues from product sales (26%), followed by those intended for mental health problems (20%) and neurological disorders (19%).
The USD 8.86 billion (by 2030) financial opportunity within the digital therapeutics market has been analyzed across the following segments:
Type of Solution
- Standalone Software Application
- Software Application + Device + Personal Coach
- Software Application + Device + AI Support
- Software Application + Device
- Software Application + AI Support
- Software Application + Personal Coach
- Other Types of Solutions
Purpose of Solution
- Medication Replacement
- Medication Augmentation
Type of Therapy
- Curative
- Preventive
Business Model
- Business to Consumer (Patients and Caregivers)
- Business to Business (Healthcare Providers, Payers, Employers and Pharmaceutical Companies)
Therapeutic Areas
- Cardiovascular Disorders
- Chronic Pain
- Mental Health Problems
- Metabolic Disorders
- Neurological Disorders
- Respiratory Disorders
- Sleep Disorders
- Substance Use Disorders
- Others
Key Geographical Regions
- North America
- Europe
- Asia-Pacific
- Rest of the world
The research covers brief profiles of key players engaged in the development of digital therapeutic solutions; other popular industry players featured in the report include:
- Akili Interactive
- Beats Medical
- Big Health
- Bold Health
- Click Therapeutics
- CureApp
- dreem
- Ehave
- Ginger
- Happify Health
- inMotion VR
- Kaia Health
- Lark Health
- Mahana Therapeutics
- MindMaze
- Noom
- NOVOSI
- Omada Health
- Palo Alto Health Sciences
- Pear Therapeutics
- Vida Health
- Welldoc
- ZOLL Medical
Ask for Customization:
https://www.rootsanalysis.com/reports/208/request-customization.html
About Roots Analysis
Roots Analysis is one of the fastest growing market research companies, sharing fresh and independent perspectives in the bio-pharmaceutical industry. The in-depth research, analysis and insights are driven by an experienced leadership team which has gained many years of significant experience in this sector. If you’d like help with your growing business needs, get in touch at info@rootsanalysis.com
Contact Information
Roots Analysis Private Limited
Gaurav Chaudhary
+1 (415) 800 3415
Gaurav.Chaudhary@rootsanalysis.com
Also Visit Our Latest Publication
In Silico / Computer-Aided Drug Discovery Services Market
Antibody Contract Manufacturing Market
Biopharma Contract Manufacturing Market
Cell Therapy Manufacturing Market
Article source: https://article-realm.com/article/Finance/10600-Digital-Therapeutics-Market-is-projected-to-be-worth-over-USD-8-86-billion-by-2030.html
URL
https://www.rootsanalysis.com/reports/view_document/digital-health-market/208.htmlDigital Therapeutics Market is projected to be worth over USD 8.86 billion by 2030, growing at a CAGR of 19.7%, claims Roots Analysis
Reviews
Comments
Most Recent Articles
- Mar 21, 2024 Exploring Transaction Platforms Offered by Mutual Fund Software for Distributors by REDVision Technologies
- Mar 20, 2024 How can MFDs establish trust among their investors with mutual fund software for IFA? by Wealth Elite
- Mar 6, 2024 How to Get the Best Health Insurance Services in Beawar? by Ambition Finserve Pvt. Ltd.
- Feb 17, 2024 The Charm of 14k Wedding Band Sets by Donnell Dean
- Feb 14, 2024 Savings vs. Low-Interest Loans: Finding the Right Balance for You by Brajendra Kumar
Most Viewed Articles
- 10198 hits How to Start an Invention Idea by Edwin Poul
- 8544 hits How to Download and Install Facebook Messenger on Firestick by Hope Mikaelson
- 2368 hits Brief discussion about Water by kavin prasath
- 1964 hits Importance of Proofreading While You Write an Assignment by clara
- 1650 hits Everything About Garmin Express by Maria Cooper
Popular Articles
In today’s competitive world, one must be knowledgeable about the latest online business that works effectively through seo services....
76866 Views
Are you caught in between seo companies introduced by a friend, researched by you, or advertised by a particular site? If that is the...
31908 Views
Walmart is being sued by a customer alleging racial discrimination. The customer who has filed a lawsuit against the retailer claims that it...
12035 Views
If you have an idea for a new product, you can start by performing a patent search. This will help you decide whether your idea could become the...
10198 Views
Statistics
Members | |
---|---|
Members: | 13874 |
Publishing | |
---|---|
Articles: | 58,269 |
Categories: | 202 |
Online | |
---|---|
Active Users: | 146 |
Members: | 0 |
Guests: | 146 |
Bots: | 1310 |
Visits last 24h (live): | 2800 |
Visits last 24h (bots): | 17469 |