New York, July 16, 2019 (GLOBE NEWSWIRE) -- The rising awareness, research and development, technological advancements and launch of novel products with enhanced efficiency are the key factors contributing to the high CAGR in the forecast period.
According to the current analysis of Reports and Data, the global Digital Therapeutic market was valued at USD 0.17 Billion in 2018 and is expected to reach USD 0.89 Billion by year 2026, at a CAGR of 21.6 %. The study covers the genre of Healthcare IT with special focus on the Digital Therapeutic market. Digital Therapeutics are a subset of digital health. They are designed to deliver evidence-based therapeutic interventions to patients that are driven by high quality software programs to prevent, manage, or treat a medical disorder or disease. In other words, digital therapeutics utilize a digital and often, online health technologies to treat medical or psychological condition.
The purpose of digital therapeutics is to mirror effective existing treatments, amplify care by using technology to scale to a large patient population, improve their behaviour or functioning and to reduce the costs incurred. These therapeutics tend to target conditions that are poorly addressed by healthcare systems today. These essentially include chronic and neurological diseases. The digital therapeutic deal with categories of behaviour management, chronic condition management and medication adherence. This field is slowly joining the medical and healthcare mainstream. The continuous research and development and the rising awareness about its applications are the key driving factors of this market. Digital Therapeutics deliver clinical outcomes and are focused on specific therapeutic indications. For instance, treating ADHD using a video game to improve the attention span and inhibitory control among children. Such methods have caught the attention of many to prevent or cure diseases using digital gadgets. This feature is one of the key driving factors of the market.
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Further key findings from the report suggest
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Segments covered in the report:
For the purpose of this report, Reports and Data has segmented the Digital Therapeutic market on the basis of type, disease type, application, end use and region:
Type (Revenue, USD Million; 2016–2026)
Disease Type (Revenue, USD Million; 2016–2026)
Application (Revenue, USD Million; 2016–2026)
End Use (Revenue, USD Million; 2016–2026)
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Regional Outlook (Revenue in USD Million; 2016–2026)
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