As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
The market for digital therapeutics is being driven by several factors, such as the rising incidence of chronic diseases, the desire to cut healthcare costs, a growing emphasis on preventive healthcare, and increased expenditures in digital therapeutics. The increasing prevalence and incidence rate of chronic diseases is a major concern for healthcare systems across the world. Patients with chronic diseases provide a significant therapeutic challenge since psychosomatic or biopsychic factors commonly impact these patients. Since chronic diseases are often associated with substantial levels of uncertainty, patients must change their behaviour as part of a new self-care lifestyle. Many chronic diseases and conditions worsen with time and become more common as people age. As a result, as the global geriatric population rises, chronic diseases are anticipated to rise even more throughout the forecast period. This is expected to boost the demand for digital therapeutics in the upcoming years.
Recently, some key industrial developments have shown the potential to drive the market over the forecast period. For instance, Pear Therapeutics (US) collaborated with Spectrum Health Systems (US) in March 2021. Tufts Health Plan and Spectrum Health Systems have established a partnership with Pear Therapeutics to test FDA-approved digital therapeutics to aid patients with substance use disorders in their recovery journeys by offering solutions for enhanced treatment access and care innovation. In addition, the growing competition among the industry key players, such as Livongo Health Inc. (NASDAQ: LVGO) and Mango Health Inc., is expected to foster market growth in the coming years.
Market Analysis by Application, End Use, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global digital therapeutics market are Omada Health, Inc., WellDoc Inc., Livongo Health Inc., Mango Health Inc., and Canary Health Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.