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Digital Therapeutics Market: Current Analysis and Forecast (2021-2027)

Region:Global

Author(s):

Product Code:UMHE21230

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Published on

May 2021

Total pages

212

Table of Content

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About the Report

About the Report

DIGITAL THERAPEUTICS IS A SUBCLASS OF DIGITAL HEALTH DELIVERING THE EVIDENCE-BASED THERAPEUTIC INTERVENTION TO PATIENTS VIA HIGH-QUALITY APPLICATIONS AND SOFTWARE TO TREAT, PREVENT OR MANAGE A WIDE RANGE OF PHYSICAL, MENTAL, AND BEHAVIORAL HEALTH CONDITIONS. IT UTILIZES DIGITAL HEALTH TECHNOLOGIES AND REPRESENTS A DISTINCT CATEGORY OF EVIDENCE-BASED PRODUCTS WITHIN THE BROADER DIGITAL HEALTH LANDSCAPE.

DIGITAL THERAPEUTICS FOCUSES ON THOSE CONDITIONS WHICH ARE POORLY ADDRESSED BY THE HEALTHCARE SYSTEM TODAY, INCLUDING VARIOUS CHRONIC DISEASES AND NEUROLOGICAL DISORDERS. THEY SUPPORT PATIENT'S HEALTHCARE JOURNEY AND PROVIDE PATIENT'S HEALTH DATA TO CLINICIANS AND CAREGIVERS ENABLING THEM TO PERSONALIZE THEIR TREATMENT AND MEET ALL THE PATIENT'S NEEDS TO AVOID ANY COMPLICATIONS. IN ADDITION TO THIS, IT ALSO ENABLES PATIENTS TO TAKE CONTROL OF THEIR CARE ALONGSIDE THE PHYSICIANS AND CAREGIVERS.

THE RISING WORLDWIDE DEMAND FOR DIGITAL THERAPEUTICS IS BECAUSE OF THE CHANGING TRADITIONAL MEDICAL PROTOCOLS AND UPSURGE IN VENTURE CAPITAL INVESTMENTS. THE INCREASED FOCUS ON PREVENTIVE HEALTHCARE, TECHNOLOGICAL ADVANCEMENT IN REMOTE HEALTHCARE, AND THE NEED TO REDUCE SURGING MEDICAL COSTS ARE SOME FACTORS DRIVING THE GROWTH OF DIGITAL THERAPEUTICS ACROSS THE WORLD. IN ADDITION TO THIS, THE WORLDWIDE ADOPTION OF VIRTUAL AND HOME HEALTH TECHNOLOGIES OWING TO THE NUMBER OF CANCELED APPOINTMENTS AND DEFERRED CARE AMIDST THE NOVEL CORONAVIRUS OUTBREAK HAS FURTHER AUGMENTED THE WORLDWIDE DEMAND FOR DIGITAL THERAPEUTICS. HOWEVER, SOME OF THE RESTRAINTS IN THE MARKET INCLUDE LACK OF AWARENESS AND LIMITED ACCESSIBILITY TO DIGITAL THERAPEUTICS APPLICATIONS/SOFTWARE IN DEVELOPING COUNTRIES, PATIENT DATA SECURITY AND PRIVACY CONCERNS, UNSTABLE PAYMENT PORTALS, AND RESISTANCE FROM CONVENTIONAL HEALTHCARE SYSTEM ARE IMPEDING THE GROWTH OF THIS MARKET ALL OVER THE WORLD.

BASED ON APPLICATIONS, THE MARKET IS DIVIDED INTO TREATMENT/CARE-RELATED APPLICATIONS AND PREVENTIVE APPLICATIONS. THE TREATMENT/CARE-RELATED APPLICATIONS ARE FURTHER SUB-SEGMENTED BASED ON THE TYPE OF DISEASES INCLUDING DIABETES, CENTRAL NERVOUS SYSTEM DISORDERS, SMOKING CESSATION, CHRONIC RESPIRATORY DISEASES, MUSCULOSKELETAL DISORDERS, CARDIOVASCULAR DISORDERS, GASTROINTESTINAL DISEASES, REHABILITATION & PATIENT CARE, AND OTHERS. IN CONTRAST, PREVENTIVE APPLICATIONS ARE SUB-SEGMENTED INTO PREDIABETES, OBESITY, NUTRITION, LIFESTYLE MANAGEMENT, AND OTHERS.

TREATMENT/CARE-RELATED APPLICATIONS DOMINATED THE MARKET OVER PREVENTIVE APPLICATIONS OWING TO THE SURGE IN INCIDENCES OF CHRONIC DISEASES COUPLED WITH HIGH HEALTHCARE COSTS AND THEIR ABILITY TO TREAT VARIOUS CHRONIC AND OTHER LIFESTYLE DISEASES AT A LOWER COST.

BASED ON SALES CHANNELS, THE DIGITAL THERAPEUTICS MARKET IS FRAGMENTED INTO BUSINESS-TO-BUSINESS (B2B) AND BUSINESS-TO-CUSTOMER (B2C) SEGMENTS. THE B2B SEGMENT IS FURTHER SUB-SEGMENTED INTO PAYERS, EMPLOYERS, PROVIDERS, PHARMACEUTICAL COMPANIES, AND OTHERS. THE B2C SEGMENT IS ALSO FURTHER SUB-SEGMENTED INTO CAREGIVERS AND PATIENTS.

THE B2B SEGMENT HOLDS A MAJOR SHARE IN THE MARKET AND IS EXPECTED TO GROW AT THE HIGHEST CAGR OF THE DIGITAL THERAPEUTICS MARKET OWING TO THE RISING AWARENESS AMONG PAYERS, EMPLOYERS, PROVIDERS AND VARIOUS PHARMACEUTICAL COMPANIES ACROSS THE WORLD.

FOR A BETTER UNDERSTANDING OF THE MARKET ADOPTION OF DIGITAL THERAPEUTICS, THE MARKET IS ANALYZED BASED ON ITS WORLDWIDE PRESENCE IN THE COUNTRIES SUCH AS NORTH AMERICA (UNITED STATES, CANADA, AND THE REST OF NORTH AMERICA), EUROPE (GERMANY, FRANCE, ITALY, SPAIN, UNITED KINGDOM AND REST OF EUROPE), ASIA-PACIFIC (CHINA, JAPAN, INDIA AND REST OF APAC), AND REST OF WORLD. NORTH AMERICA CONSTITUTES THE LARGEST MARKET FOR THE DIGITAL THERAPEUTICS INDUSTRY AND GENERATED REVENUE OF USD XX MILLION IN 2020 OWING TO THE GOVERNMENT SUPPORT FOR ADVANCED RESEARCH AND DEVELOPMENT IN THE FIELD OF DIGITAL THERAPEUTICS AND INCREASING AWARENESS REGARDING THE BENEFITS OFFERED BY THEM. HOWEVER, THE ASIA PACIFIC REGION IS ALSO EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD.

SOME OF THE MAJOR PLAYERS OPERATING IN THE MARKET INCLUDE FITBIT INC., MEDTRONIC, OMADA HEALTH, LIVONGO HEALTH, PROTEUS DIGITAL HEALTH, PEAR THERAPEUTICS, PROPELLER HEALTH, VIRTA HEALTH, 2MORROW, KAIA HEALTH, ETC. SEVERAL M&A'S ALONG WITH PARTNERSHIPS HAVE BEEN UNDERTAKEN BY THESE PLAYERS TO BOOST THEIR PRESENCE IN DIFFERENT REGIONS.

Products


Companies

FITBIT INC.

MEDTRONIC

OMADA HEALTH

LIVONGO HEALTH

PROTEUS DIGITAL HEALTH

PEAR THERAPEUTICS

PROPELLER HEALTH

VIRTA HEALTH

2MORROW

AND KAIA HEALTH

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1 MARKET DEFINITIONS

1.2 OBJECTIVE OF THE STUDY

1.3 LIMITATION

1.4 STAKE HOLDERS

1.5 CURRENCY USED IN REPORT

1.6 SCOPE OF THE DIGITAL THERAPEUTICS MARKET STUDY

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1 RESEARCH METHODOLOGY FOR THE DIGITAL THERAPEUTICS MARKET

2.1.1 MAIN OBJECTIVE OF THE DIGITAL THERAPEUTICS MARKET

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 TOP START-UPS UNDER DIGITAL THERAPEUTICS SECTOR

6 DIGITAL THERAPEUTICS AMID COVID-19

7 GLOBAL DIGITAL THERAPEUTICS MARKET REVENUE (USD BN), 2019-2027F

8 MARKET INSIGHTS BY APPLICATION

8.1 TREATMENT/CARE RELATED APPLICATIONS

8.1.1 DIABETES

8.1.2 CENTRAL NERVOUS SYSTEM DISORDERS

8.1.3 SMOKING CESSATION

8.1.4 CHRONIC RESPIRATORY DISEASES

8.1.5 MUSCULOSKELETAL DISORDERS

8.1.6 CARDIOVASCULAR DISORDERS

8.1.7 GASTROINTESTINAL DISEASES

8.1.8 REHABILITATION & PATIENT CARE

8.1.9 OTHER TREATMENT/CARE APPLICATIONS

8.2 PREVENTIVE APPLICATIONS

8.2.1 PREDIABETES

8.2.2 OBESITY

8.2.3 NUTRITION

8.2.4 LIFESTYLE MANAGEMENT

8.2.5 OTHER APPLICATIONS

9 MARKET INSIGHTS BY SALES CHANNELS

9.1 B2B

9.1.1 PAYERS

9.1.2 EMPLOYERS

9.1.3 PROVIDERS

9.1.4 PHARMACEUTICAL COMPANIES

9.1.5 OTHERS

9.2 B2C

9.2.1 CAREGIVERS

9.2.2 PATIENTS

10 MARKET INSIGHTS BY REGION

10.1 NORTH AMERICA DIGITAL THERAPEUTICS MARKET

10.1.1 UNITED STATES

10.1.2 CANADA

10.1.3 REST OF NORTH AMERICA

10.2 EUROPE DIGITAL THERAPEUTICS MARKET

10.2.1 GERMANY

10.2.2 FRANCE

10.2.3 UNITED KINGDOM

10.2.4 ITALY

10.2.5 SPAIN

10.2.6 REST OF EUROPE

10.3 ASIA PACIFIC DIGITAL THERAPEUTICS MARKET

10.3.1 CHINA

10.3.2 JAPAN

10.3.3 INDIA

10.3.4 REST OF ASIA PACIFIC

10.4 REST OF WORLD DIGITAL THERAPEUTICS MARKET

11 DIGITAL THERAPEUTICS MARKET DYNAMICS

11.1 MARKET DRIVERS

11.2 MARKET CHALLENGES

11.3 IMPACT ANALYSIS

12 DIGITAL THERAPEUTICS MARKET OPPORTUNITIES

13 DIGITAL THERAPEUTICS MARKET TRENDS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

15.1 DEMAND SIDE ANALYSIS

15.2 SUPPLY SIDE ANALYSIS

15.2.1 TOP PRODUCT LAUNCHES

15.2.2 TOP BUSINESS PARTNERSHIPS

15.2.3 TOP BUSINESS EXPANSIONS, INVESTMENTS AND DIVESTITURES

15.2.4 TOP MERGER AND ACQUISITIONS

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

17.1 PORTER'S FIVE FORCES ANALYSIS

17.1.1 BARGAINING POWER OF SUPPLIER

17.1.2 BARGAINING POWER OF BUYER

17.1.3 INDUSTRY RIVALRY

17.1.4 AVAILABILITY OF SUBSTITUTE

17.1.5 THREAT OF NEW ENTRANTS

17.2 COMPETITIVE LANDSCAPE

17.2.1 COMPANY SHARES, BY REVENUE

18 COMPANY PROFILED

18.1 FITBIT, INC

18.2 OMADA HEALTH

18.3 MEDTRONIC

18.4 LIVONGO HEALTH

18.5 PEAR THERAPEUTICS

18.6 PROPELLER HEALTH

18.7 VIRTA HEALTH

18.8 2MORROW

18.9 PROTEUS DIGITAL HEALTH

18.10 KAIA HEALTH

19 DISCLAIMER

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