Enhanced Consumer Awareness About Personal Health And Fitness To Act As Major Growth Driver For The Digital Therapeutics Market Till 2025: Grand View Research, Inc.

March 16 23:08 2017

Grand View Research, Inc. – Market Research And Consulting.
According to new report by Grand View Research, global digital therapeutics offer a wide range of services that propel users to embrace healthy habits and efficiently track and manage their conditions. It is envisaged to become a significant market segment in the coming years.

The global digital therapeutics market is expected to reach USD 9.3 billion by 2025, according to a new report by Grand View Research, Inc. Digital therapeutics, known as software-as-a-drug, has undergone significant developments, because of its cost-effectiveness and the potential to influence human behavior – a challenge that is difficult to overcome in healthcare. A shifting technological landscape worldwide has led to significant boost in smartphone ownership and usage rates, which is anticipated to impact the market positively. Other factors expected to influence growth of the market are rising occurrence of chronic diseases, increasing attention on preventive healthcare and an emerging need to control healthcare costs.

Digital therapeutics holds exciting prospects in terms of unrealized potential. With a shift to value-based, patient-centric healthcare system, and increasing reforms by the government to cut down healthcare costs, it is anticipated that the market will witness lucrative growth evident from a growing number of new startup companies in the market. Although investments in the digital therapeutics field are increasing, still application developers are dissuaded by the lack of monetizing opportunities besides paid downloads and advertising. Furthermore, developing countries are expected to have a lackluster response for digital therapeutics due to lack of proper technological infrastructure and lack of adequate research and development (R&D) and capital investments.

Access full research report on digital therapeutics market: http://www.grandviewresearch.com/industry-analysis/digital-therapeutics-market

U.S. digital therapeutics market, by application, 2015 (USD Million)

U.S. digital therapeutics market, by application, 2015 (USD Million)

Further key findings from the study suggest:

  • The diabetes segment has recorded strong growth owing to rise in prevalence of diabetes from 108 million in 1980 to 422 million in 2014, representing 8.5% of the population

  • Obesity, another area of concern, has been acknowledged as a risk factor for the occurrence of many chronic diseases, such as osteoarthritis. Thus, the demand for health applications to counter obesity is expected to be high

  • North America is a leading market due to high concentration of digital therapeutic companies in the region coupled with high burden of chronic diseases

  • Asia Pacific is expected to exhibit fastest growth owing to a rapidly changing technological landscape and a huge target population density

  • Some of the major key players are Proteus Digital Health, Inc.; Omada Health, Inc.; WellDoc, Inc.; 2Morrow, Inc.; Livongo Health; Propeller Health; and Twine Health, Inc.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/healthcare-it

Canada digital therapeutics market share, by end use, 2015 (USD Million)

Grand View Research has segmented the digital therapeutics market on the basis of application, end use, and region:

Application Outlook (Revenue, USD Million; 2014 – 2025)

  • Diabetes

  • Obesity

  • CVD

  • CNS Disease

  • Respiratory Diseases

  • Smoking Cessation

  • Others

End Use Outlook (Revenue, USD Million; 2014 – 2025)

  • Patients

  • Providers

  • Payers

  • Employers

  • Others

Regional Outlook (Revenue, USD Million; 2014- 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • UK

  • Asia Pacific

    • Japan

    • China

    • India

  • Latin America

    • Brazil

    • Mexico

  • MEA

    • South Africa

    • Saudi Arabia

Read Our Blog: http://www.grandviewresearch.com/blog/digital-therapeutics-market-size-share

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
Website: http://www.grandviewresearch.com/industry-analysis/digital-therapeutics-market

  Categories: