New York, NY -- (SBWIRE) -- 12/08/2020 -- According to the current analysis of Reports and Data, the global Digital Therapeutic market was valued at USD 0.17 Billion in 2018 and is expected to reach USD 0.89 Billion by year 2026, at a CAGR of 21.6 %. The study covers the genre of Healthcare IT with special focus on the Digital Therapeutic market. Digital Therapeutics are a subset of digital health. They are designed to deliver evidence-based therapeutic interventions to patients that are driven by high quality software programs to prevent, manage, or treat a medical disorder or disease.

Asia Pacific is expected to register the highest CAGR amounting to 22.5% due to its high population numbers. This indicates a large share of target population for the manufacturers. In addition to this, a large number of governments of the emerging economies are promoting the use of Digital Therapeutics and providing financial assistance.

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The forecast estimation states the global Digital Therapeutics market is expected to dominate the economic sphere of the world with significant growth in the coming years. The growth is boosted by a change in demand patterns, rapidly developing infrastructure, technological advancements, and product advancements. The current and emerging trends are expected to shape up the industry and help in gaining a strong foothold in the global market to contribute to the revenue generation.

The Global Digital Therapeutics market is further analyzed on the basis of key companies operating in the business sphere and major geographical regions where the market has a substantial size and growth rate.

Prominent Players: Dthera Sciences, Omada Health, Propeller Health, Pear Therapeutics, Proteus Digital Health and Canary Health Inc.

Zonal Partition of the Market: North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa.

The report covers extensive analysis of market segments that are anticipated to lead by the end of the forecast period (2020-2027). The report puts a special emphasis on the upstream raw materials, downstream buyers, industrial chain analysis, technological and product advancements, and production and manufacturing capacities of the Digital Therapeutics market. Moreover, the report provides an in-depth analysis of the core segments of the market by analysis of the applications, types, consumption patterns, market drivers and restraints, and challenges to be faced in the market.

The research study focuses on the emerging development patterns and manufacturing processes anticipated to boost the growth of the market. It also includes extensive profiles of prominent contenders of the industry and provides a complete analysis inclusive of their market share, market size, production capacity, sales and distribution network, import/export activity, and product portfolios.

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For the purpose of this report, Reports and Data has segmented the Digital Therapeutic market on the basis of type, disease type, application, end use and region:

Type (Revenue, USD Million; 2016–2026)

Software and mobile application
Hardware

Disease Type (Revenue, USD Million; 2016–2026)

Obesity
Diabetes
Cardiovascular Disease
Central Nervous System
Respiratory Diseases
Others

Application (Revenue, USD Million; 2016–2026)

Prevention
Care

End Use (Revenue, USD Million; 2016–2026)

Patients
Payors
Providers
Employer
Others

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Major objectives of the Global Digital Therapeutics Report:

Analysis and forecast estimation of the Global Digital Therapeutics Market based on the market segmentation into types, applications, and regions
Analysis of micro and macroeconomic factors affecting the global Digital Therapeutics market
Valuable insight into the major drivers, limitations, opportunities, and challenges faced by the global Digital Therapeutics market and its players
In-depth analysis of the prominent contenders along with their business strategies and expansion plans
Strategic recommendations to the established companies as well as new entrants to assist in the formulation of investment plans
Comprehensive analysis of the competitive landscape of the Digital Therapeutics industry
To summarize, the report provides a better understanding to the reader about the Digital Therapeutics industry by offering a detailed explanation of the competitive landscape, industry environment, market projections, growth driving and restraining factors, limitations, entry barriers, and opportunities. The report also covers the regulatory framework, investment opportunities, and other growth driving factors. The report allows the reader to gather insightful information about each segment of the market and provides a historical, present, and prospective outlook of the market.

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