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The digital therapeutics market is forecasted to achieve exponential growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 26%, as per The Business Research Company’s market report!

Read More On The Digital Therapeutics Market Report 2022 – https://www.thebusinessresearchcompany.com/report/digital-therapeutics-global-market-report

The Digital Therapeutics Market Size In 2022 And Forecast
The global digital therapeutics market is expected to grow from $3.53 billion in 2020 to $4.20 billion in 2021 at a compound annual growth rate (CAGR) of 19%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The digital therapeutics market is expected to reach $10.62 billion in 2025 at a CAGR of 26.1%.

The digital therapeutics market consists of sales of digital therapeutics devices and software by entities (organizations, sole traders, and partnerships) that are used in the treatment of medical disorders or diseases.

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Increase In The Use Of Smartphones And Tablets Coupled With Healthcare Apps Is Driving The Growth Of The Digital Therapeutics Market
For instance, according to the Groupe Speciale Mobile Association (GSMA) report, globally 2.71 billion people owned a smartphone in 2019 and the number of smartphone users in the US reached 270 million in 2020. Therefore, the increasing use of smartphones drives the growth of the digital therapeutics market.

Competitive Landscape And The Regional Analysis Of The Digital Therapeutics Market
Major players in the digital therapeutics market are Omada Health Inc., WellDoc Inc., 2Morrow Inc., Livongo Health, Propeller Health, Pear Therapeutics, Canary Health Inc., Noom Health Inc., Mango Health Inc., Akili Interactive Labs, Better Therapeutics, Happify Health, Kaia Health, Medtronic Plc., Teladoc Health Inc, and Fitbit Health Solutions.

The Digital Therapeutics Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the digital therapeutics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the digital therapeutics market.

Technological Innovation – A Key Trend In The Digital Therapeutics Market
Major companies operating in the market are focused on developing technologically advanced solutions for digital therapeutics to strengthen their position.

Digital Therapeutics Market Segmentation By The Business Research Company

1) By Product: Software, Devices

2) By Sales Channel: Business-To-Business (B2B), Business-To-Consumers (B2C)

3) By Application: Preventive Applications, Treatment Or Care-Related Applications

Here Are Some Reports Related To The Digital Therapeutics Market –

Digital Pathology Global Market Report 2022

Microbiome Therapeutics Global Market Report 2022

Digital Diabetes Management Global Market Report 2022

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