Report ID: SQMIG35G2136
Report ID:
SQMIG35G2136 |
Region:
Global |
Published Date: September, 2024
Pages:
274
|
Tables:
119 |
Figures:
77
Digital Therapeutics Market size was valued at USD 4.01 Billion in 2023 and is poised to grow from USD 4.68 Billion in 2024 to USD 16 Billion by 2032, growing at a CAGR of 16.61% during the forecast period (2025-2032).
Digital therapeutics consists of software and devices that digitally maintain evidence-based therapeutic interventions. It helps medical providers to efficiently prevent and manage diseases. The software and devices help in treating different types of diseases like mental health, diabetes, respiratory diseases, and cardiovascular diseases. The demand for these products is increasing immensely because of the growing incidences of chronic diseases like diabetes, mental illness, cancer, and heart failure. These factors are increasing the adoption of therapeutics for managing and treating different chronic disorders among patients. Furthermore, the popularity of these products is also increasing in the pharmaceutical sector, which is also positively influencing the digital therapeutics market growth. The digital therapeutics market industry leaders are also emphasizing research and development activities to produce advanced therapies for treating different diseases, which is accelerating the production of these products. These factors are leading to the expansion of the digital therapeutics market.
US Digital Therapeutics Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG35G2136