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Global Digital Therapeutics Market to reach USD 17.6 billion by 2027.

Global Digital Therapeutics (DTx) Market by Application (Preventive Applications, Treatment/Care-related Applications), Sales Channel (B2C, B2B), Regional Forecasts 2021-2027

Product Code: HLSHIT-33165194
Publish Date: 17-07-2021
Page: 200

Global Digital Therapeutics Market is valued approximately at USD 2.6 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 31.4% over the forecast period 2021-2027. Digital therapeutics (DTx), a new segment of the digital health industry, is software- and evidence-based therapeutic treatment that may be used to prevent, manage, and treat medical conditions including chronic illnesses. DTx uses modern technology like artificial intelligence to improve medication efficacy, allowing for a change of the medical treatment experience. Facilitating the adoption of DTx is the way ahead for industry stakeholders. Digital therapeutics market is driven by the rising focus on preventive healthcare and significant increase in venture capital investment. For instance, The UK government is increasing financing for health literacy programmes and investing more in prevention. The King’s Fund estimates that USD 251.21 billion was spent on health services in England during the epidemic. However, just 1.5 percent of this funding goes to support NHS public health programmes, which are primarily focused on prevention. Furthermore, Chronic diseases have created a higher pressure on healthcare systems across the world. Cardiovascular disease (CVD) is the leading cause of mortality worldwide, according to a report published by the American Heart Association in 2016 published Heart Diseases and Stroke Statistics at a Glance. CVD causes 17.3 million deaths per year, with the number predicted to rise to 23.6 million by 2030. Furthermore, Digital therapeutics have a lot of potential in emerging economies like India, China, and the Middle East. Due to a lack of knowledge, the limited availability of these solutions, a lack of IT infrastructure, and financial and societal restrictions, the market is still in its infancy in most geographies. On the other hand, chronic disease is prevalent in most emerging economies. According to WHO estimates, by 2020, chronic diseases will be responsible for 70 percent of the total deaths in developing countries. On the worldwide level, by 2025, ~60 percent of the burden of chronic diseases would be in emerging economies. However, Patient data privacy concerns, may impede market growth over the forecast period of 2021-2027.

North America, Europe, Asia Pacific, and the Rest of the World comprise up the digital therapeutics market. North America had the largest market share in 2020, followed by Europe. North America’s market is also anticipated to increase at the fastest rate. Market growth in this region is fueled by factors such as the entry of new startups, rising investments in digital therapeutics, changes in the reimbursement system for digital therapeutics, and government initiatives to promote technical advancements.

Major market player included in this report are:
Better Therapeutics
Pear Therapeutics
Wellthy Therapeutics
Mindstrong Health
Mindable Health
Virta Health
Ayogo Health
Akili Interactive Labs, Inc.
Cognoa, Inc.
Kaia Health

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Sales Channel:
By Application:
Preventive Applications
Treatment/Care-related Applications
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Digital Therapeutics Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Digital Therapeutics Market, by region, 2019-2027 (USD Billion)
1.2.2. Digital Therapeutics Market, by sales channel, 2019-2027 (USD Billion)
1.2.3. Digital Therapeutics Market, by Application, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Digital Therapeutics Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Digital Therapeutics Market Dynamics
3.1. Digital Therapeutics Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Rising focus on preventive healthcare Significant increase in venture capital investments
3.1.2. Market Restraint Patient data privacy concerns
3.1.3. Market Opportunities Large undiagnosed and untreated population Emerging markets
Chapter 4. Global Digital Therapeutics Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Digital Therapeutics Market, by sales channel
5.1. Market Snapshot
5.2. Global Digital Therapeutics Market by sales channel, Performance – Potential Analysis
5.3. Global Digital Therapeutics Market Estimates & Forecasts by sales channel 2018-2027 (USD Billion)
5.4. Digital Therapeutics Market, Sub Segment Analysis
5.4.1. B2B
5.4.2. B2C
Chapter 6. Global Digital Therapeutics Market, by Application
6.1. Market Snapshot
6.2. Global Digital Therapeutics Market by Application, Performance – Potential Analysis
6.3. Global Digital Therapeutics Market Estimates & Forecasts by Application 2018-2027 (USD Billion)
6.4. Digital Therapeutics Market, Sub Segment Analysis
6.4.1. Preventive Applications
6.4.2. Treatment/Care-related Applications
Chapter 7. Global Digital Therapeutics Market, Regional Analysis
7.1. Digital Therapeutics Market, Regional Market Snapshot
7.2. North America Digital Therapeutics Market
7.2.1. U.S. Digital Therapeutics Market Sales Channel breakdown estimates & forecasts, 2018-2027 Application breakdown estimates & forecasts, 2018-2027
7.2.2. Canada Digital Therapeutics Market
7.3. Europe Digital Therapeutics Market Snapshot
7.3.1. U.K. Digital Therapeutics Market
7.3.2. Germany Digital Therapeutics Market
7.3.3. France Digital Therapeutics Market
7.3.4. Spain Digital Therapeutics Market
7.3.5. Italy Digital Therapeutics Market
7.3.6. Rest of Europe Digital Therapeutics Market
7.4. Asia-Pacific Digital Therapeutics Market Snapshot
7.4.1. China Digital Therapeutics Market
7.4.2. India Digital Therapeutics Market
7.4.3. Japan Digital Therapeutics Market
7.4.4. Australia Digital Therapeutics Market
7.4.5. South Korea Digital Therapeutics Market
7.4.6. Rest of Asia Pacific Digital Therapeutics Market
7.5. Latin America Digital Therapeutics Market Snapshot
7.5.1. Brazil Digital Therapeutics Market
7.5.2. Mexico Digital Therapeutics Market
7.6. Rest of The World Digital Therapeutics Market
Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Better Therapeutics Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.2.2. Pear Therapeutics
8.2.3. Wellthy Therapeutics
8.2.4. Mindstrong Health
8.2.5. Mindable Health
8.2.6. Virta Health
8.2.7. Ayogo Health
8.2.8. Akili Interactive Labs, Inc.
8.2.9. Cognoa, Inc.
8.2.10. Kaia Health
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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