Digital Therapeutics Market, By Product (Software and Devices), By Application (Into Diabetes, Obesity, Cardio Vascular Diseases, Central Nervous System Disease, Gastrointestinal Disorders, Respiratory Diseases, and Smoking Cessation), By Sales Channel (Business-To-Business (Employers, and Health Care Provider) and Business-To-Consumer (Patients and Caregivers)), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI104619 | Publish Date: April 2024 | No. of Pages: 180

Global Digital Therapeutics Market By Overview

Digital Therapeutics Market was valued at US$ 10.4 billion in 2024 and is projected to grow at a CAGR of 31.6% to reach US$ 127.2 billion by 2034.

Digital therapeutics (DTx) is a rapidly expanding area of the healthcare sector which focuses on software-based interventions intended to treat, manage, or prevent medical conditions. Digital therapeutics technology is useful and efficient for diagnosing a wide range of ailments, including neurological disorders, chronic diseases, and many more, that are not otherwise diagnosed by the healthcare system.

Personalized therapies and self-management tools are frequently provided by DTx solutions, which are intended to be easily accessible and empowering for patients. Wearable technology, sensors, and other digital tools are used in digital therapeutics to enable remote monitoring of patients' health problems. This enables medical professionals to monitor patients' development and decide on the best course of treatment for them. Also, certain digital therapeutics use tracking tools, instructional materials, and reminders to help patients who struggle with medication adherence. This may improve the patient's compliance with recommended drug schedule.

Additionally, digital therapeutic solutions provide greater flexibility and easily overcomes regional constraints to care because they can be accessed and provided remotely. Also, as they offer scalable and easily accessible interventions, digital therapeutics can relieve the burden on conventional healthcare systems, hence reducing the workload for hospitals and healthcare practitioners. In this way, with the help of digital therapeutic solutions, healthcare is expected to have a better future where patients are empowered and technology is used effectively to foster wellbeing and to efficiently manage health of individuals.

Digital Therapeutics Market - Introduction

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Global Digital Therapeutics Market By Dynamics

Digital Therapeutics Market Key Drivers:

  • Increase in geriatric population

One of the main reasons for the increase in demand for digital therapeutics is the world's aging population. Chronic disorders like diabetes, heart disease, and mental health issues are highly common in the elderly individuals. In order to manage chronic problems, enhance quality of life, and to lower healthcare expenses, digital therapeutics offer non-invasive, practical, and affordable therapies.

For instance, according to a report by Centers for Disease Control and Prevention it is projected that 80.8 million adults will be above the age of 65 by 2040. The number of older adults in the US will be 94.7 million by 2060, accounting for roughly 25% of the total population. As a result, the market for digital therapeutics is expected to rise at a faster rate due to the aging population during the course of the projected period.

  • Increase in Chronic Illnesses

The demand for digital therapeutics has increased owing to increased prevalence of chronic diseases, as well as the growing need for controlled healthcare facilities and treatment costs. With growing expenses and restricted access to specialists, traditional healthcare models frequently find it difficult to properly manage all aspects of chronic conditions. As a result, personalized, data-driven therapies catered to the particular requirements and conditions of every patient are provided by digital therapeutics. Patient outcomes are improved by this tailored strategy, which also increases therapeutic efficacy.

Digital Therapeutics Market Restrains:

  • High Investment and Expenditure Required

To guarantee the effectiveness and safety of digital therapeutic solutions, extensive clinical studies, data analysis, and algorithm development are required, which comes at a significant upfront expense. Additionally, expensive DTx solutions could be beyond the reach of certain patients or even medical professionals, particularly in environments with limited resources.

  • Data security and privacy issues

Many different types of personal health data are collected by DTx solutions, such as physiological measurements, medication adherence, and even mental health data. Inappropriate usage of this data may have detrimental effects on patient privacy and health. Also, patient data is always at risk due to the growing sophistication of cyber-attacks, necessitating strong security protocols and constant tracking of details.

Global Digital Therapeutics Market By Segmentation

Digital Therapeutics Market is segmented based on Product, Application, Sales Channel, and Region.

Product Insights

  • Software: Software segment is projected to dominate this sector as it makes use of monitoring technologies, behavioral modification strategies, and instructional content, apps, platforms, and online programs which can address a variety of conditions of different individuals. The main reasons propelling the growth of the software segment is the growing need to reduce healthcare facility costs globally and the incorporation of cutting-edge technologies like artificial intelligence (AI) and machine learning (ML) in digital therapeutic apps.
  • Devices: Devices segment involves the use of wearables, sensors, and linked gadgets which gather health data, and interact with software to provide personalized recommendations and feedback.

Application Insights

  • Diabetes: Diabetes segment is estimated to dominate this sector and its growth can be credited to the rising prevalence of diabetic patients worldwide. Additionally, real-time data on blood sugar levels can be obtained through the seamless integration of smart glucometers and continuous glucose monitoring (CGM) devices with DTx platforms.
  • Obesity: Obesity segment is expected to represent huge growth as a result of the rise in awareness of weight management and issues related to it. Digital therapeutic solutions consist of apps and digital platforms that help with unhealthy eating habits, physical activity, and sleep patterns by providing goal-setting, positive reinforcement, and individualized coaching to patients dealing with obesity.
  • Cardio Vascular Diseases: Cardio vascular diseases segment consists of tools that help people acquire healthy habits and efficiently manage stress. It also includes diet diaries, fitness trackers, and mindfulness activities to ensure that risk factors responsible for these diseases are reduced significantly.
  • Central Nervous System Disease: Central Nervous System Disease segment comprises solutions that assist people in controlling triggers, developing coping strategies, and enhancing general wellbeing. An important emphasis is on mental health conditions such as anxiety, depression, and PTSD.
  • Gastrointestinal Disorders: Gastrointestinal disorders segment include treatment of various issues like irritable bowel syndrome (IBS), heartburn, inflammatory bowel disease (IBD), and others. People with particular dietary needs or food sensitivities can plan meals, keep track of triggers, and discover gut-friendly food with the use of apps and platforms.
  • Respiratory Diseases: Respiratory Diseases segment includes apps and platforms which can monitor symptoms like coughing, wheezing, and shortness of breath in patients. Also, AI-powered insights are able to recognize changes in health, forecast flare-ups, and suggest safety precautions in those individuals facing respiratory issues.
  • Smoking Cessation: Smoking Cessation involves digital platforms which provide evidence-based Cognitive Behavioral Therapy (CBT) programs that assist smokers in controlling their desires, recognizing the triggers, and creating coping strategies to quit smoking. These individuals are motivated and kept engaged with virtual coaching, personalized feedback, and interactive activities.

Sales Channel Insights

  • Business-To-Business: Business-To-Business (B2B) is a dominating factor in this segment and requires the involvement of employers, healthcare providers, payers, and pharmaceutical companies, who frequently collaborate to introduce better products to their customers in the market. 
  • Employers: Employers are actively involved in identifying the possibility of using digital therapeutics (DTx) as an effective tool for their people. Employers can save a large amount of money by using digital therapeutic interventions to prevent and manage chronic illnesses, and reduce healthcare expenditure.
  • Health Care Provider: Health Care Providers are involved in providing digital therapeutic platforms to their patients which helps them take an active role in their healthcare journey, improves adherence and yields better results.
  • Business-To-Consumer:  Business-To-Consumer (B2C) side can provide immediate access of digital therapeutic solutions to individuals for preventive care, self-management, and also gives them the liberty to take control of their own health.
  • Patients: Patients can have easy access to individualized tools and therapies, and are more equipped to take charge of their health which enhances their well-being, and leads them to live longer, and healthier lives.
  • Caregivers: Caregivers obtain access to various digital therapeutic solutions which offer medication services, techniques for coping with stress, and counselling groups, in order to promote mental well-being and toughness.  

Regional Insights:

Digital Therapeutics Market - Regional Insights

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Digital Therapeutics Market Regional Insights

  • North America market is estimated to witness a significantly high revenue share over the forecast period, owing to favorable reimbursement circumstances centered on enhancing diagnosis and tracking, early adoption of technologies with a high smartphone penetration rate as well as enhancing quality of life by using digital health items more often. In addition, the growth is fueled by an increase in the number of elderly people, a rise in the prevalence of chronic illnesses, and a sharp increase in the market for wireless and portable devices.
  • Europe market is an expanding region for digital therapeutics, as it is observing rapidly growing elderly population, rising focus on managing chronic illnesses, robust government programs to implement such technologies, and the increase in adoption rates of internet and smartphones, which make these tools easier to use and interact with.
  • Asia Pacific market is estimated to witness fastest revenue share due to increasing prevalence of chronic diseases, and the rise in government investments on healthcare. Additionally, the growth in this region can be credited to the rising smartphone usage, better Internet connectivity, rising healthcare spending and increasing adoption of digital technologies.
  • Latin America market holds immense potential for growth of digital therapeutics due to factors like growing smartphone penetration, rise in chronic illnesses, and the support obtained from government to develop and implement such technologies.  
  • Middle East & Africa market is an emerging region for DTx solutions as it is observing increase in prevalence of chronic diseases, growing smartphone usage, and increase in requirement for innovative and easily available healthcare solutions.

Report Scope:

Attribute

Details

Market Size 2024

US$ 10.4 billion

Projected Market Size 2034

US$ 127.2 billion

CAGR Growth Rate

31.6%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Product - Software and Devices

By Application- Diabetes, Obesity, Cardio Vascular Diseases, Central Nervous System Disease, Gastrointestinal Disorders , Respiratory Diseases, and Smoking Cessation

By Sales Channel - Business-To-Business (Employers, and Health Care Provider) and Business-To-Consumer (Patients and Caregivers)

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Digital Therapeutics Market report based on Product, Application, Sales Channel and Region:

Digital Therapeutics Market, By Product:

  • Software
  • Devices

Digital Therapeutics Market, By Application:

  • Diabetes
  • Obesity
  • Cardio Vascular Diseases
  • Central Nervous System Disease
  • Gastrointestinal Disorders
  • Respiratory Diseases
  • Smoking Cessation

Digital Therapeutics Market, By Sales Channel:

  • Business-To-Business (Employers, and Health Care Provider)
  • Business-To-Consumer (Patients, and Caregivers)

Digital Therapeutics Market, By Region:

  • North America
  • U.S.
  • Canada
    • Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
    • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
    • Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
    • Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Global Digital Therapeutics Market By Key Players

The key players operating the Digital Therapeutics Market includes, Proteus Digital Health, Inc., Omada Health, Inc., Doximity, Inc., 2Morrow, Inc., io, Inc., WellDoc, Inc., Mango Health, Inc., Canary Health Inc., Twine Health, Inc., and Noom, Inc.

Global Digital Therapeutics Market By Key Issues Addressed

Recent Development:

  • In October 2023, Better Therapeutics, Inc. introduced a digital therapy platform for diabetes called AspyreRx .This technology helps individuals to effectively manage their diabetes by providing a personalized experience.
  • In February 2022, Biofourmis announced the debut of Biofourmis Care, a technologically advanced care management solution that offers patients with chronic diseases high-quality remote care. To supplement and support care teams in remotely adjusting medications for the best individualized therapy, the service offers automated medication management. Through this launch, the company was able to lower overall patient care costs and enhance market health outcomes, which resulted in a major increase in industry revenue.

Global Digital Therapeutics Market By Company Profile

  • Proteus Digital Health, Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
  • Omada Health, Inc.
  • Doximity, Inc.
  • 2Morrow, Inc.
  • io, Inc.
  • WellDoc, Inc.
  • Mango Health, Inc.
  • Canary Health Inc.
  • Twine Health, Inc.
  • Noom, Inc.

“*” marked represents similar segmentation in other categories in the respective section

Global Digital Therapeutics Market By Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Product
    • Market Snippet, By Application
    • Market Snippet, By Sales Channel
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

Digital Therapeutics Market, By Product, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Software
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Devices
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Digital Therapeutics Market, By Application, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Diabetes
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Obesity
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Cardio Vascular Diseases
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Central Nervous System Disease
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Gastrointestinal Disorders
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Respiratory Diseases
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Smoking Cessation
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Digital Therapeutics Market, By Sales Channel, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Business-To-Business (Employers, and Health Care Provider)
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Business-To-Consumer (Patients and Caregivers)
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Digital Therapeutics Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Sales Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Sales Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Sales Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Distribution Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Sales Channel, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • Proteus Digital Health, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Omada Health, Inc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Doximity, Inc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • 2Morrow, Inc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • WellDoc, Inc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Mango Health, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Canary Health Inc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Twine Health, Inc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

Digital therapeutics market is segmented on the basis of product, application, sales channel and region.

High implementation costs, concerns about data security and privacy, and the need for skilled professionals are restraints in the Digital Pathology Market.

Advancements in imaging technology, the need for efficient diagnostic solutions, and increasing applications in research and education are key factors driving the Digital Pathology Market globally.

By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.

Proteus Digital Health, Inc., Omada Health, Inc., Doximity, Inc., 2Morrow, Inc., io, Inc., WellDoc, Inc., Mango Health, Inc., Canary Health Inc., Twine Health, Inc., Noom, Inc.