Online:
Visits:
Stories:
Profile image
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Digital Therapeutics Market Size To Reach $9.3 Billion By 2025: Grand View Research

Friday, March 10, 2017 4:03
% of readers think this story is Fact. Add your two cents.

(Before It's News)

The global digital therapeutics market is expected to reach USD 9.3 billion by 2025, according to a new report by Grand View Research, Inc. Digital therapeutics, known as software-as-a-drug, has undergone significant developments, because of its cost-effectiveness and the potential to influence human behavior – a challenge that is difficult to overcome in healthcare. A shifting technological landscape worldwide has led to significant boost in smartphone ownership and usage rates, which is anticipated to impact the market positively. Other factors expected to influence growth of the market are rising occurrence of chronic diseases, increasing attention on preventive healthcare and an emerging need to control healthcare costs.

Digital therapeutics holds exciting prospects in terms of unrealized potential. With a shift to value-based, patient-centric healthcare system, and increasing reforms by the government to cut down healthcare costs, it is anticipated that the market will witness lucrative growth evident from a growing number of new startup companies in the market. Although investments in the digital therapeutics field are increasing, still application developers are dissuaded by the lack of monetizing opportunities besides paid downloads and advertising. Furthermore, developing countries are expected to have a lackluster response for digital therapeutics due to lack of proper technological infrastructure and lack of adequate research and development (R&D) and capital investments.

Request for Sample Copy of this report:     http://www.grandviewresearch.com/industry-analysis/digital-therapeutics-market

Further key findings from the study suggest:

  • The diabetes segment has recorded strong growth owing to rise in prevalence of diabetes from 108 million in 1980 to 422 million in 2014, representing 8.5% of the population
  • Obesity, another area of concern, has been acknowledged as a risk factor for the occurrence of many chronic diseases, such as osteoarthritis. Thus, the demand for health applications to counter obesity is expected to be high
  • North America is a leading market due to high concentration of digital therapeutic companies in the region coupled with high burden of chronic diseases
  • Asia Pacific is expected to exhibit fastest growth owing to a rapidly changing technological landscape and a huge target population density
  • Some of the major key players are Proteus Digital Health, Inc.; Omada Health, Inc.; WellDoc, Inc.; 2Morrow, Inc.; Livongo Health; Propeller Health; and Twine Health, Inc.

Read Our Blog: http://www.grandviewresearch.com/blog/digital-therapeutics-market-size-share

Grand View Research has segmented the digital therapeutics market on the basis of application, end use, and region:

Application Outlook (Revenue, USD Million; 2014 - 2025)

  • Diabetes
  • Obesity
  • CVD
  • CNS Disease
  • Respiratory Diseases
  • Smoking Cessation
  • Others

End Use Outlook (Revenue, USD Million; 2014 - 2025)

  • Patients
  • Providers
  • Payers
  • Employers
  • Others

Regional Outlook (Revenue, USD Million; 2014- 2025)

  • North America
    • S.
    • Canada
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • Japan
    • China
    • India
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • South Africa
    • Saudi Arabia

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
For More Informationwww.grandviewresearch.com

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.