Global Digital Therapeutics Market

Digital Therapeutics Market Size, Share, Growth Analysis, By Offering(Software/platforms, Programs, Virtual reality/games), By Revenue Model(Subscription-based model, One-time Purchase/Annual Licensing Model, and Outcome /value-based model), By Application(Treatment/care-related applications, and Preventive Applications), By Distribution Channel (B2B sales channel), By Region - Industry Forecast 2025-2032


Report ID: SQMIG35G2136 | Region: Global | Published Date: September, 2024
Pages: 274 | Tables: 119 | Figures: 77

Digital Therapeutics Market Insights

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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FAQs

Digital Therapeutics Market size was valued at USD 3.44 billion in 2022 and is poised to grow from USD 4.01 billion in 2023 to USD 13.72 billion by 2031, at a CAGR of 16.61% during the forecast period (2024-2031).

The digital therapeutics is a dynamic and fragmented market. It consists of many players in digital therapeutics industry who offer a wide range of products, like mobile software and devices. Pear Therapeutics, Inc, is dominating the market with a strong line of software. The growing sales of reSET & reSET-O in the U.S. are supporting its strong market share. Furthermore, the increasing investments in research and development of digital therapeutics products is also contributing towards the expansion of the market globally. 'ANSYS (US) ', 'Dassault Systèmes (SIMULIA) (France) ', 'Siemens Digital Industries Software (Simcenter) (Germany) ', 'PTC (Creo) (US) ', 'Autodesk (Simulation) (US) ', 'OpenFOAM (Open-source) (N/A) ', 'STAR-CCM+ (US/Germany) ', 'COMSOL Multiphysics (Sweden) ', 'CD-adapco (STAR-CD, STAR-CCM+) (US/Germany) ', 'Altair (HyperWorks) (US) ', 'ESI Group (France) ', 'MSC Software (MSC Adams, MSC Marc) (US) ', 'MathWorks (MATLAB/Simulink) (US) ', 'Flow3D (US) ', 'Fluent (acquired by ANSYS) (US) ', 'CONVECTION (US) ', 'Cadence Design Systems (US) ', 'Synopsys (US) ', 'Numerica (US) ', 'Pointwise (US)'

The demand for therapeutics software and devices is increasing because of the management and treatment of chronic diseases globally. Furthermore, the incidences of chronic conditions, like type 1 diabetes & type 2 diabetes, cancers, Alzheimer’s diseases, obesity, and gastrointestinal disorders are also increasing. This is especially true in emerging economies, which is propelling the demand for this software during the forecast period.  

Incorporation of Digital Therapeutics with Healthcare Systems: Digital therapeutics can be smoothly incorporated into electronic health records (EHRs) and other healthcare systems. This helps medical professionals to easily access and monitor patient data in real-time. This restructuring of medical delivery enhances the efficiency of care and helps doctors to make better and more informed decisions. Furthermore, incorporation with medical systems also improves security and standardizes data sharing between digital therapeutics platforms and medical professionals.  

North America is dominating with the largest digital therapeutics market revenue share. This is mainly due to the increasing number of initiatives for reducing the rising healthcare spending across the region. Furthermore, the region is a hub for many solutions providers for digital therapeutics that again drive the region's market growth. The digital therapeutics market expansion in this region is fueled by factors such as the entry of new startups, changes in the reimbursement structure of digital therapeutics, increased investments, and growing government initiatives to assist technological developments.  

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Global Digital Therapeutics Market

Report ID: SQMIG35G2136

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