![U.S. Digital Therapeutics Market](https://www.skyquestt.com/assets/frontend/images/upcoming_reports_cover_image.jpg)
Report ID: UCMIR35J2065
Report ID:
UCMIR35J2065 |
Region:
Regional |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The U.S. digital therapeutics market was valued at USD 1.48 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 24.8% from 2022 to 2030. Several factors are driving the market growth, including the constantly changing digital landscape, rising consumerism in healthcare, the impact of the COVID-19 pandemic, and initiatives by key companies. In October 2021, Click Therapeutics, Inc. secured USD 52 million in Series B funding from multiple investors, which has helped the company in the development and commercialization of its prescription digital therapeutic pipeline, as well as advancing its platform capabilities. The increasing focus on leveraging digital technologies for managing health conditions and improving patient outcomes, along with supportive funding and initiatives, is expected to drive the growth of the U.S. digital therapeutics market in the coming years.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Life Sciences Tools & Services by segment aggregation, the contribution of the Life Sciences Tools & Services in Pharmaceuticals, Biotechnology & Life Sciences and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIR35J2065