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The United States, with a robust healthcare infrastructure that can integrate the digital advancements, is expected to dominate the digital therapeutics market size in the forecast period. The existence of impactful academic as well as research institutions drives the market growth in the region. The increasing adoption of telehealth services is another major aspect.
In March 2023, NeuroRPM received the FDA clearance for using artificial intelligence enabled remote monitoring app for Parkinson’s disease. It monitors the disease indications such as bradykinesia, tremor, and dyskinesia continuously using proprietary algorithms. This indicates the ongoing trend of healthcare practitioners and companies adopting digital services to improve the treatment alternatives for patients. Similar have been employed for migraine, PTSD, psychiatric conditions, and chronic lung diseases like CAD as well.
Digital Therapeutics Market Size
Digital Therapeutics Regional Analysis
Digital Therapeutics Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market attained a value of about USD 4.5 billion in 2023, driven by the prevalence of telehealth services across the globe.
The market is anticipated to grow at a CAGR of 31.6% during the forecast period of 2024-2032, likely to reach a market value of USD 53.2 billion by 2032.
The market demand is driven by the increasing prevalence of chronic diseases, growing geriatric population, and rising convergence of digital health and related services in the healthcare ecosystem.
The major market trend revolves around increasing mergers and collaborations between influential healthcare companies, aimed at expanding their product lines and offer digital health services to the patients. In September 2023, Bayer AG entered a collaboration with Mahana Therapeutics to commercialize irritable bowel syndrome (IBS) related digital therapies.
Software and devices are common components available in the market.
Common application areas include preventive care and treatment. Preventive is further segmented into prediabetes, obesity, and others. Treatment divides into diabetes, respiratory care, mental health, cardiovascular and others.
Based on sales channels, the market is divided into B2B and B2C.
Major end users include patients, providers, payers, employers, and others.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is currently leading the global market.
Key players involved in the market are Omada Health, Inc, Welldoc, Inc., 2Morrow, Inc., Livongo Health, Inc. (Teladoc Health, Inc.), Propeller Health (ResMed), Fitbit LLC, Mango Health, Canary Health, Noom, Inc., Pear Therapeutics, Inc., Akill Interactive Labs, Inc., JOGO Health, GAIA AG, CureApp, Inc. and Brain+ A/S.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124