The $7.8+ Billion Digital Therapeutics Market: Outlook to 2025 by Application, Product and Sales Channel - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 16, 2019--The “Digital Therapeutics Market by Application, Product, and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2017 - 2025” report has been added to ResearchAndMarkets.com’s offering.
The global digital therapeutics market was valued at $1,751 million in 2017 and is projected to reach $7,833 million by 2025, growing at a CAGR of 20.5% from 2018 to 2025. The diabetes segment accounted for one-fifth of the total market share in 2017.
Rise in utilization of smartphones & tablets coupled with increase in incidence of chronic diseases boosts the growth of the global digital therapeutics market.
However, lack of awareness toward healthcare-associated applications and increase in concerns regarding patient data restrict the market growth.
Conversely, high growth potential in the emerging markets offers lucrative opportunities for key market players operating in this segment.
Among applications, obesity segment is expected to grow at a significant CAGR of 26.2% during the forecast period, owing to increase in obese population worldwide. For instance, according to the WHO, as of 2016, about 39% of the adults in the age group of 18 years and above were overweight, globally.
Select FindingsObesity is expected to be one of the most lucrative segments, registering a CAGR of 23.1% during the forecast period. The business-to-consumers (B2C) segment accounted for maximum share in the global market in 2017, and is expected to grow at a CAGR of 20.9% during the forecast period. U.S. dominated the North America digital therapeutics market, and is projected to retain this trend throughout the forecast period.
Key PlayersProteus Digital Health Omada Health Welldoc 2 Morrow Livongo Health Propeller Health Twine Health (Fitbit) Canary Health Noom Medtronic
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Digital Therapeutics Market, by Application
Chapter 5: Digital Therapeutics Market, by Product
Chapter 6: Digital Therapeutics Market, by Sales Channel
Chapter 7: Digital Therapeutics Market, by Region
Chapter 8: Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/zdpq3x/the_7_8_billion?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190116005337/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Medical Devices,E-Healthcare,Wearable Technology
INDUSTRY KEYWORD: HEALTH MEDICAL DEVICES
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 01/16/2019 05:57 AM/DISC: 01/16/2019 05:57 AM