Digital Therapeutic Devices Market

20 May

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Digital Therapeutic Devices Market Poised to Grow at a CAGR of 15% by 2024

  • By admin

  • January, 1970

Infinium Global Research has added a new report on Digital Therapeutic Devices Market. The report presents analysis of global as well as regional markets of digital therapeutic devices market over the period of 2016 to 2024. Digital therapeutic is a health care intervention which is delivered through the smart device for supporting the health behavior of an individual and provide therapeutic effects accordingly. These devices are used in different applications such as respiratory therapy, pain management rehabilitation, and even for blood sugar control. Digital therapeutics is self-control and health treatment option that uses digital and frequently online health technologies to treat a medical or psychological condition. Due to the digital nature of the methodology, data can be collected and analyzed as a progress report as well as a preventative measure.


Factors such as growing use of technology for therapeutics of medical conditions, growing occurrence of chronic diseases and expanding incidence of diabetes and cardiovascular diseases are some of the driving factors for the digital therapeutic market. Furthermore, consumers shifting towards the advanced services in the medical field, and the augmented focus on the preventive healthcare by the government is also boosting the growth of the market. Moreover, the government is taking initiatives and launching programs for higher adoption rate of the digital therapeutic devices. Besides increase awareness about the benefits offered by the digital medical devices and rising disposable income among the people of developed as well as developing nations is another factor responsible for the market growth.



In addition to this, growing incidence of preventable chronic diseases, technological advancements, noteworthy growth in venture capital investments, and various benefits offered by digital therapeutics, such as their capabilities to induce behavioral change, patient convenience and user-friendliness are another factors that are driving the growth of this market. On the contrary, patient’s data privacy concerns connected with digital therapeutic devices and the high cost of digital therapeutic devices are hampering factors for digital therapeutics device market.



Among the geographies, North America had dominated the growth of the market followed by Europe region. In the North America region due to the early adoption of new technologies, increasing investment through funding and highly developed healthcare infrastructure and high disposable income among the citizens to facilitate growth in this market. Further, in Europe region, factors such as growing incidence of chronic diseases such as cancer, diabetes, and obesity and government taking initiatives for the adoption of technology for treating medical conditions are boosting the growth of Europe digital therapeutic devices market. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global digital therapeutic devices market  but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.

 

Get 15% discount for early purchase of global digital therapeutic devices market report by clicking the following link, Use code IGRD15 to request the discount in the given form

 

https://www.infiniumglobalresearch.com/reports/request-discount/1803

 

The recent report identified that North America dominated the global digital therapeutic devices market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the digital therapeutic devices market  worldwide.


The report segments the global digital therapeutic devices market on the basis of Product, Application and End User.

 

Global Digital Therapeutic Devices Market by Product

·         Respiratory Therapy Devices

·         Pain Management Devices

·         Insulin Pumps

·         Rehabilitation Devices

 

Global Digital Therapeutic Devices Market  by Application

·         Treatment

·         Preventive

 

Global Digital Therapeutic Devices Market  by End User

·         B to B

·         B to C

 

Companies Profiled in the Report

·         Twine Health, Inc.

·         Propeller Health

·         Nanobiosym, Inc.

·         Canary Health

·         Zest Health

·         BioTelemetry Inc.

·         Livongo Health

·         Pear Therapeutics, Inc.

·         Proteus Digital Health

·         WellDoc Inc.

 

About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.