The global digital therapeutics market is projected to reach USD 13.1 billion by 2026 from USD 3.4 billion in 2021, at a CAGR of 31.4% during the forecast period Growth in this market is primarily driven by the increasing incidence of preventable chronic diseases, the need to control healthcare costs, rising focus on preventive healthcare, and rising investments in digital therapeutics.
Digital Therapeutics Market Insight:
Digital Therapeutics market size, segment size (primarily including product type, application, and geography), competitor analysis, recent status, and development trends are all covered in this research. The study also includes a full cost analysis and supply chain. Technological advancements will improve the product’s performance even more, allowing it to be utilized in additional downstream applications. Furthermore, understanding the Digital Therapeutics market requires a thorough understanding of consumer behaviour and market dynamics (drivers, restraints, and opportunities).
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Global Digital Therapeutics Market Vendor Analysis
The digital therapeutics market is a highly diversified and competitive market, with several emerging players. The prominent players in this market include Noom (US), Livongo Health (US), Omada Health (US), WellDoc (US), Pear Therapeutics (US), Akili Interactive Labs (US), Better Therapeutics (US), Happify (US), Kaia Health (Germany), Mango Health (US), Click Therapeutics (US), Canary Health (US), Wellthy Therapeutics (India), Cognoa (US), Ayogo Health (Canada), CogniFit (US), Mindstrong Health (US), 2Morrow (US), and Ginger (US). The players in the market focus on providing effective products to cater to the unmet needs of customers, increase profitability, and gain a competitive edge in the market.
Noom (US)
Noom (US) is one of the leading providers of the digital therapeutics market. The company provides best-in-class solutions for weight management, hypertension prevention, hypertension management, diabetes prevention, diabetes management, and comorbidities of hypertension and diabetes. The company adopts organic as well as inorganic strategies to strengthen its position in the digital therapeutics market. The company is supported by a number of investments, which have helped it bring digital therapeutic solutions to the market.
Omada (US)
Omada is one of the leading players in the digital therapeutics market. The company is engaged in designing and developing innovative digital therapeutic programs for preventable chronic diseases, including type 2 diabetes and heart disease. The company sells its products to major organizations, integrated delivery networks, and health plans. The company has attracted significant investments to enhance its solutions, particularly its digital prediabetes program ‘Prevent.’
Livongo Health (US)
Livongo Health (US) is one of the prominent players in the digital therapeutics market. The company focuses mainly on digital solutions for the management of chronic diseases. The company’s diabetes management solution has helped in reducing medical spending. Iron Mountain Incorporated (US) and Dean Foods (US), among others, have shared the positive impacts of Livongo’s diabetes management program. The merger between Teladoc and Livongo is one of the most significant integrations of competencies and skills in digital health.
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