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Global Digital Therapeutics Market to Reach $835.8 Million by 2024SAN FRANCISCO, Aug. 10, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Digital Therapeutics - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace. FACTS AT A GLANCE Complimentary Project Preview - This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass™ Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry ABSTRACT- Global Digital Therapeutics Market to Reach $835.8 Million by 2024 Rising incidences of chronic diseases, growing geriatric population, technological advancements, benefits of digital therapeutics, and pressing need to curb rising healthcare costs are key growth drivers spurring significant growth in global digital therapeutics market. Growth in the global market is set to be driven by strong adoption of digital platforms like smartphones, apps, electronic wearables, mobile internet; growing focus on value based care; and rising venture capital investments in digital health based business models. Proliferation of telemedicine platforms and digital healthcare tools such as mobile apps and wearables, has laid a strong foundation for evolution and growth of DTx. The momentum is likely to accelerate further with advent of next-generation technologies such as IoT and Artificial Intelligence (AI), as these 'high-tech' modalities hold immense potential to augment roll out of DTx interventions as a complementary product or as a complete replacement to traditional therapeutics. The United States and Europe represent key markets, led supported by well-developed digital infrastructure that provides the foundation for DTx. In Asia-Pacific region, growth is driven by rising prevalence of chronic illnesses and growing geriatric population. The market for preventive application is forecast to grow the fastest over the analysis period, due to rising government initiatives to enhance preventive healthcare. Government-sponsored programs are mainly intended to encourage healthy lifestyle through broad-based self-management and patient education campaigns. Despite holding immense potential, DTx market suffers from limitations such as resistance from conventional healthcare providers, low awareness levels, patient reluctance to adopt digital therapeutics, stringent regulatory scenario, and concerns over patient data privacy. More MarketGlass™ Platform Our platform is free for qualified executives and is accessible from our website www.StrategyR.com or via our just released mobile application on iOS or Android About Global Industry Analysts, Inc. & StrategyR™ CONTACTS: LINKS Connect With Us on LinkedIn Follow Us on Twitter Journalists & Media
View original content to download multimedia:https://www.prnewswire.com/news-releases/global-digital-therapeutics-market-to-reach-835-8-million-by-2024--301350887.html SOURCE Global Industry Analysts, Inc. |