Digital Therapeutics (DTx) Market Value Projected to Expand by 2029

The global digital therapeutics (DTx) market is growing at a considerable CAGR of 29.0% during the forecast period. Increasing investment related to digital therapeutics, rising technological advancements in mobile healthcare are considered as the prime factors affecting and driving the market. The increasing focus associated with costs-controlled healthcare facilities along with growing preventive in healthcare is also estimated to be the key factor that is contributing significantly towards the growth of the market. However, in emerging economies lack of awareness regarding digital therapeutics and privacy concerns related to patient data is the major factor constraints that are hindering the growth of the global digital therapeutics (DTx) market across the globe. 

Moreover, increasing benefits from ongoing development in emerging economies is one of the key factors that are creating opportunities in the market. New product launches in the market are likely to drive the growth of the global digital therapeutics (DTx) market. For instance, in April 2021, one of the companies named Welldoc had partnered with Dexcom which is a provider in real-time continuous glucose monitoring (CGM). Through this partnership, the company has introduced a new integrated offering in order to drive improved health for people associated with Type 2 diabetes.   

The global digital therapeutics (DTx) market is segmented based on product type, sales channel, and application. Based on product type, the market is segmented into software and device. By sales channel, the market is segmented into b2c and b2b. Further, based on the application the market is segmented into preventive applications and treatment/care-related applications. 

Based on the application segment, the treatment/care-related applications hold a significant share in the market. This is owing to the growing number of incidences of chronic diseases such as Arthritis, Asthma, Cancer, Chronic Obstructive Pulmonary Disease (COPD), Cystic Fibrosis, and Diabetes among others along with increasing adoption of advanced technologies and investments in digital therapeutics for effective treatment are some of the factors that are driving the growth of the segment in the market.

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Global Digital Therapeutics (DTx) Market Segmentation

By Product Type

·        Software

·        Device

By Sales Channel

·        B2C

·        B2B

By Application

·        Preventive Applications

·        Treatment/Care-related Applications

A full Report of Digital Therapeutics (DTx) Market is Available @  https://www.omrglobal.com/industry-reports/digital-therapeutics-market

Regional Analysis

North America

·        United States

·        Canada

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan

·                  South Korea

·                  Rest of APAC

Rest of the World

Company Profiles 

·        Alex Therapeutics AB

·        2Morrow Inc.

·        Akili Interactive Labs. Inc.

·        Ayogo Health

·        Canary Health

·        Click Therapeutics, Inc.

·        CogniFit

·        Ginger

·        HAPPIFY HEALTH

·        Kaia Health

·        Livongo Health

·        Noom, Inc.

·        Mindstrong HealthGmbH

·        Omada Health, Inc.

·        Otsuka Pharmaceutical Co., Ltd.

·        Pear Therapeutics, Inc.

·        ResMed

·        TrialCard

·        Wellthy Therapeutics Pvt Ltd.

·        WellDoc

·        Alex Therapeutics AB

·        2Morrow Inc.

·        Akili Interactive Labs. Inc.

·        Ayogo Health

·        Canary Health

·        Click Therapeutics, Inc.

·        CogniFit

·        Ginger

·        HAPPIFY HEALTH

·        Kaia Health

·        Livongo Health

·        Noom, Inc.

·        Mindstrong HealthGmbH

·        Omada Health, Inc.

·        Otsuka Pharmaceutical Co., Ltd.

·        Pear Therapeutics, Inc.

·        ResMed

·        TrialCard

·        Wellthy Therapeutics Pvt Ltd.

·        WellDoc

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About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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