Global Digital Therapeutics Market Report 2020-2025 - Increase in Adoption of Smartphones and Tablets Coupled with Healthcare Apps
DUBLIN, Sept. 2, 2020 /PRNewswire/ -- The "Global Digital Therapeutics Market by Application, Product and Sales Channel, Geography and the Impact of COVID-19 (2020-2025)" report has been added to ResearchAndMarkets.com's offering.
The Global Digital Therapeutics Market is expected to grow from USD 1.9 billion in 2019 to USD 5.67 billion in 2025 at a CAGR of 20%. The market is segmented based on application, product, sales channel and geography.
Growth of the market is attributed to an increase in the adoption of smartphones and tablets, a rising focus on preventive healthcare, a need to control healthcare costs and an increasing incidence of preventable chronic diseases. The market is affected due to lack of awareness and access to the digital therapeutics in developing countries, data privacy concerns, and resistance from traditional healthcare service providers. Unexplored therapeutics applications and emerging markets offer huge growth opportunities for market players.
The report includes IGR Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, and growth in market share.
For more information about this report visit https://www.researchandmarkets.com/r/wqyncy
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