Global Digital Therapeutic Devices Market Set for Rapid Growth, To Reach Around USD 8,472 Million by 2024

27-Jun-2018 | Zion Market Research

Zion Market Research has published a new report titled “Digital Therapeutic Devices Market by Application (Preventive [Obesity, Smoking Cessation, and Pre-Diabetes] and Treatment [Diabetes, CNS Diseases, Cardiovascular Diseases, Respiratory Diseases, and Medication Adherence]) and Sales Channel (B2B [Employers, Wellness Centers, Fitness Centers, and Gyms] and B2C [Patients and Caregivers])  - Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024”. According to the report, global digital therapeutic devices market was valued at approximately USD 1,470 million in 2017 and is expected to generate revenue of around USD 8,472 million by the end of 2024, growing at a CAGR of around 24.0% between 2018 and 2024.

Digital therapeutic is health care intervention delivered through smart devices to support the behavior of an individual and also provide therapeutic effects accordingly. Increase in incidences of preventable chronic diseases and technological advancements in digital therapeutics anticipate driving the growth of the digital therapeutic devices market.

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Browse the full "Digital Therapeutic Devices Market by Application (Preventive [Obesity, Smoking Cessation, and Pre-Diabetes] and Treatment [Diabetes, CNS Diseases, Cardiovascular Diseases, Respiratory Diseases, and Medication Adherence]) and Sales Channel (B2B [Employers, Wellness Centers, Fitness Centers, and Gyms] and B2C [Patients and Caregivers])  - Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024" report at   http://www.zionmarketresearch.com/report/digital-therapeutic-devices-market

Global Digital Therapeutic Devices Market

Digital therapeutic devices market is segmented on the basis of application and sales channel. Based on the application, digital therapeutic devices market is further segmented into preventive and treatment. The preventive application segment is further divided into obesity, smoking cessation, and pre-diabetes. Further, the treatment segment is sub-segmented into diabetes, central nervous system diseases, musculoskeletal diseases, cardiovascular diseases, respiratory disease, and medication adherence. The treatment segment is anticipated to dominate the digital therapeutic devices market in the forecast period. According to American Diabetes Association, approximately 30.3 million people in the U.S. are suffering from diabetes and this number is expected to increase rapidly which is further expected to drive the market growth of this segment. 

On the basis of sales channel, the digital therapeutic devices market is segmented into business-to-business and business-to-consumer. The business-to-business segment is further sub-divided into employers, wellness centers, fitness centers, and gyms. The business-to-consumer segment consists of patients and caregivers. The business-to-business segment is expected to show rapid growth in the forecast period. The demand for digital therapeutic devices in business-to-business is increasing due to the use of these devices by employers and in wellness centers.

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa are the regional segments of the global digital therapeutic devices market. North America is anticipated to remain the leading region over the forecast period due to the increase in investment by companies and government in the healthcare sector and the paradigm shift of people towards the preventive measures. Europe is expected to show a significant growth in the forecast period due to development of technologies of digital therapeutic devices and rise in incidences of diseases and disorders. The Asia Pacific region is expected to show high growth rate due to the rise in investment in research and development of digital therapeutic devices and rapid increase in lifestyle oriented diseases due to rapid urbanization. Latin America and the Middle East & Africa are also expected to show a steady growth due to rapid economic development and increase in the prevalence of chronic diseases.

The key players in the global digital therapeutic devices market are Propeller Health, Claritas MindSciences, WellDoc Inc., BioTelemetry Inc., Zest Health LLC, Dthera Sciences, Pear Therapeutic Inc., Meru Health Inc., Glooko Inc., Firstbeat Technologies Ltd., Digital Therapeutic, and Digital Twine Health Inc. The major players are involved in innovation and development of new technologies in digital therapeutic and expansion in the regions such as the Asia Pacific.  

This report segments the global digital therapeutic devices market as follows:

Global Digital Therapeutic Devices Market: Application Segment Analysis

  • Preventive
    • Obesity
    • Smoking Cessation
    • Pre-diabetes
  • Treatment 
    • Diabetes
    • CNS Diseases
    • Musculoskeletal Diseases
    • Cardiovascular Diseases
    • Respiratory Diseases
    • Medication Adherence

Global Digital Therapeutic Devices Market: Sales Channels Segment Analysis

  • Business-to-Business (B2B)
    • Employers
    • Wellness Centers
    • Fitness Centers
    • Gyms
  • Business-to-Consumers (B2C)
    • Patients
    • Caregivers

Global Digital Therapeutic Devices Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Browse New Press Release: https://www.zionmarketresearch.com/news/digital-therapeutic-devices-industry

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