Digital Therapeutics Global Market Sees Growth Rate Of 26% Through 2022

The global digital therapeutics market size is expected to grow from $4.39 billion in 2021 to $5.51 billion in 2022 at a compound annual growth rate (CAGR) of 25.6%. The global digital therapeutics market is expected to grow to $13.27 billion in 2026 at a CAGR of 24.6%.

What is the Global Digital Therapeutics Market?

The digital therapeutics market consists of sales of digital therapeutics devices and software by entities (organizations, sole traders, and partnerships) that are used in the treatment of medical disorders or diseases. Digital therapeutics (DTx) are the products that give evidence-based treatments to patients through high-quality software applications to prevent, manage, or treat a medical ailment or disease. Various applications and tracking devices are integrated into digital therapies for the control and cure of medical disorders. Connected devices such as insulin pumps, blood glucose meters, and wearable gadgets communicate data to a centralized system in digital therapeutics.

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What drives the Global Digital Therapeutics Market?

The increasing use of smartphones and tablets coupled with healthcare apps is expected to propel the growth of the digital therapeutics market in the forecast period. Smartphones and tablet-based healthcare apps have numerous advantages over the lower rate of medication errors, facilitating preventive care, and more accurate staffing. Therefore, the increasing use of smartphones drives the growth of the digital therapeutics market.

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Global Digital Therapeutics Market Segments
The global digital therapeutics market is segmented:
By Product: Software, Devices
By Sales Channel: Business-to-Business (B2B), Business-to-Consumers (B2C)
By Application: Preventive Applications, Treatment or Care-Related Applications
By Geography: The regions covered in the digital therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Digital Therapeutics Global Market Report 2022provides market size and growth forecasts for the global digital therapeutics market, global digital therapeutics market share, digital therapeutics global market segments and geographies, digital therapeutics global market competitive landscape including leading competitors’ revenues, profiles and market shares. The digital therapeutics market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Digital Therapeutics Industry Playersinclude Omada Health Inc, WellDoc Inc, 2Morrow Inc, Livongo Health, Propeller Health, Pear Therapeutics, Canary Health Inc, Noom Health Inc, Mango Health Inc, and Akili Interactive Labs. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.