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Global Digital Therapeutics Market: By Application: Diabetes, Obesity, Cardiovascular Diseases, Central Nervous System (CNS) Diseases, Gastrointestinal Disorder, Others; By Product; By Sales Channel; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Digital Therapeutics Market Outlook

The global digital therapeutics market stood at a value of around USD 3.74 billion in 2020. The market is expected to grow at a CAGR of 19.5% in the forecast period of 2021-2026 to attain a value of around USD 10.89 billion by 2026.

 

Diabetes Segment to Aid the Global Digital Therapeutics Industry Growth

Based on application, the diabetes segment is predicted to significantly contribute to the growth of the digital therapeutics industry in the forecast period. This can be attributed to the escalating numbers of diabetic patients globally. According to the statistics provided by the International Diabetes Federation, 1 in every 11 adults worldwide has diabetes, with a total of approximately 463 million diabetic patients around the world in 2019. This number is expected to reach around 700 million by 2045, thus, driving the market growth in the segment.

 

North America to Account for a Significant Market Share of the Global Digital Therapeutics Industry

North America is estimated to hold a substantial share of the digital therapeutics industry in the forecast period. This growth can be attributed to the increasing investments in the research and development of digital therapeutics and the heightened technological advancements in the healthcare sector in this region. Furthermore, growth can also be observed in the Asia Pacific region due to the rapid developments in the healthcare infrastructure and the increased digitisation levels owing to the presence of a relatively younger population in the region that is more internet and smartphone-oriented.

 

Global Digital Therapeutics Market

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Digital Therapeutics: Industry Definition and Segmentation

Digital therapeutics are technology-based therapeutic interventions that utilise specialised software to help in the treatment and managing of various health issues such as mental, physical, and behavioural. Digital therapeutics help the consumers access evidence-based healthcare facilities remotely and can be used alongside conventional treatment, that is, in-person interventions. Digital therapeutics aim to assist and enhance the efficiency of the current medical treatments, provide therapy methods to patients and integrate them into medical guidelines. They have been developed to deal with asthma, ADD, ADHD, sleep disorder, diabetes, hypertension, chronic back pain, and behavioural health issues, among others.

By application, the market is categorised into:

  • Diabetes
  • Obesity
  • Cardiovascular Diseases 
  • Central Nervous System (CNS) Diseases
  • Gastrointestinal Disorders
  • Respiratory Diseases
  • Smoking Cessation
  • Others

Based on product, the market can be segregated into:

  • Software
  • Devices

On the basis of sales channel, the market can be bifurcated into:

  • Business-to-Business (B2B)
  • Business-to-Consumers

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Number of Internet Users and the Increased Demand for Remote HealthCare Facilities to Augment the Growth of the Global Digital Therapeutics Industry

The growing number of smartphone users has expanded the accessibility of the internet exponentially. As a result, people are utilising mobile-based apps consistently for entertainment, economic, and communication needs. Moreover, the insurgence of the COVID-19 pandemic has shifted everything online, and there is an increased demand for remote healthcare facilities, as the hospital buildings and clinics are overburdened. Also, there is a risk of infection in physically visiting a medical facility. Digital therapeutics system offers efficient and cost-effective therapy alternatives, which are evidence-based and allow consumers to enjoy these services from the comfort of their homes. Also, owing to the pandemic, cases of mental health issues are on the rise, due to which people are actively seeking digital solutions. All these factors are expected to positively contribute to the overall growth of the digital therapeutics industry. However, a possible constraint in the market growth is the lack of awareness of digital therapeutics technology in many developing countries and potential concerns of online data security and privacy.

 

Key Industry Players in the Global Digital Therapeutics Market

The report gives a detailed analysis of the following key players in the global digital therapeutics market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • 2Morrow, Inc.
  • Akili Interactive Labs Inc. 
  • Fitbit Health Solutions
  • Happify, Inc.
  • Medtronic plc
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Product, Sales Channel, Region
Breakup by Application Diabetes, Obesity, Cardiovascular Diseases, Central Nervous System (CNS) Diseases, Gastrointestinal Disorder, Respiratory Diseases, Smoking Cessation, Others
Breakup by Product Software, Devices
Breakup by Sales Channel Business-to-Business (B2B), Business-to-Consumers
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered 2Morrow, Inc., Akili Interactive Labs, Inc., Fitbit Health Solutions, Happify, Inc., Medtronic plc, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*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.

1    Preface 
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Digital Therapeutics Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Digital Therapeutics Historical Market (2016-2020) 
    8.3    Global Digital Therapeutics Market Forecast (2021-2026)
    8.4    Global Digital Therapeutics Market by Application
        8.4.1    Diabetes
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Obesity
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Cardiovascular Diseases
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Central Nervous System (CNS) Diseases
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        8.4.5    Gastrointestinal Disorder
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2016-2020)
            8.4.5.3    Forecast Trend (2021-2026)
        8.4.6    Respiratory Diseases
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2016-2020)
            8.4.6.3    Forecast Trend (2021-2026)
        8.4.7    Smoking Cessation
            8.4.7.1    Market Share
            8.4.7.2    Historical Trend (2016-2020)
            8.4.7.3    Forecast Trend (2021-2026)
        8.4.8    Others
    8.5    Global Digital Therapeutics Market by Product 
        8.5.1    Software
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Devices
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
    8.6    Global Digital Therapeutics Market by Sales Channel
        8.6.1    Business-to-Business (B2B)
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Business-to-Consumers
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
    8.7    Global Digital Therapeutics Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Spain
            9.2.3.6    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    2Morrow, Inc.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Akili Interactive Labs, Inc.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Fitbit Health Solutions 
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Happify, Inc. 
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Medtronic plc
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Digital Therapeutics Market: Key Industry Highlights, 2016 and 2026
2.    Global Digital Therapeutics Historical Market: Breakup by Application (USD Billion), 2016-2020
3.    Global Digital Therapeutics Market Forecast: Breakup by Application (USD Billion), 2021-2026
4.    Global Digital Therapeutics Historical Market: Breakup by Product (USD Billion), 2016-2020
5.    Global Digital Therapeutics Market Forecast: Breakup by Product (USD Billion), 2021-2026
6.    Global Digital Therapeutics Historical Market: Breakup by Sales Channel (USD Billion), 2016-2020
7.    Global Digital Therapeutics Market Forecast: Breakup by Sales Channel (USD Billion), 2021-2026
8.    Global Digital Therapeutics Historical Market: Breakup by Region (USD Billion), 2016-2020
9.    Global Digital Therapeutics Market Forecast: Breakup by Region (USD Billion), 2021-2026
10.    North America Digital Therapeutics Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    North America Digital Therapeutics Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Europe Digital Therapeutics Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Europe Digital Therapeutics Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Asia Pacific Digital Therapeutics Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Asia Pacific Digital Therapeutics Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Latin America Digital Therapeutics Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Latin America Digital Therapeutics Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Middle East and Africa Digital Therapeutics Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Middle East and Africa Digital Therapeutics Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Global Digital Therapeutics Market Structure

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