Global Digital Therapeutics market size 2024, Forecast To 2033

The digital therapeutics market has experienced exponential growth, increasing from $7.05 billion in 2023 to $8.93 billion in 2024, with a compound annual growth rate (CAGR) of 26.7%. The growth in the historic period is attributed to an aging population, the prevalence of chronic diseases, the adoption of digital health, considerations of healthcare costs and efficiency, remote patient monitoring, and the surge in pandemic-induced demand. Looking ahead to 2028, the market is projected to continue its exponential growth, reaching $23.49 billion with a CAGR of 27.4%. This anticipated expansion is linked to the increasing adoption of personalized medicine, health data interoperability, value-based care models, a growing focus on mental health and well-being, considerations of healthcare access and equity, the rise in cybersecurity and data protection, and the escalating demand for population health management. Major trends in the forecast period include the expansion of IoT devices and sensors, artificial intelligence in healthcare, wearable health technology, technological advancements, and product innovations.