Digital Therapeutics Global Market Report 2023: Growing Global Focus on Meeting Unmet Needs in Mental Healthcare to Benefit Growth of Digital Therapeutics

DUBLIN, June 20, 2023 /PRNewswire/ -- The "Digital Therapeutics - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Digital Therapeutics Market to Reach $32.9 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Digital Therapeutics estimated at US$4.4 Billion in the year 2022, is projected to reach a revised size of US$32.9 Billion by 2030, growing at a CAGR of 28.7% over the analysis period 2022-2030. B2B, one of the segments analyzed in the report, is projected to record 29.6% CAGR and reach US$30.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the B2c segment is readjusted to a revised 19.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 31.8% CAGR

The Digital Therapeutics market in the U.S. is estimated at US$1.7 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.2 Billion by the year 2030 trailing a CAGR of 31.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 25.2% and 23.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 28.7% CAGR.

Select Competitors (Total 136 Featured)-

• AstraZeneca PLC
• 2Morrow, Inc.
• Click Therapeutics, Inc.
• Canary Health Inc.
• Adherium (NZ) Limited
• AppliedVR, Inc.
• Cognoa, Inc.
• Amiko Digital Health Limited
• Atentiv LLC
• CureApp, Inc.
• Biofourmis
• Behaivior
• BehaVR
• Aidar Health
• Cara Care

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Digital Therapeutics is Poised to Benefit from the Increasingly Robust Outlook for Digital Health
• Digital Healthcare Sets the Stage for the Rise of Digital Therapeutics: Global Market for Digital Health (In US$ Billion) for Years 2023, 2025, and 2027
• Global Economic Update
• Shaken by the War, Global Oil Prices Spiral and Feed Inflationary Pressures, Guiding the World Towards a Cost of Living Crisis: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
• War-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation to the Highest Level Seen Since 1996: Global Inflation Rates (In %) for the Years 2019 Through 2024
• Although Facing a Lower Recession Risk, Global Economic Growth in 2023 to Slowdown Amid War, Inflation, Elevated Interest Rates & Marginal Easing of Inflation: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
• Recession Triggered by Uncontrolled Inflation or Unemployment, Which is the Greater Evil? Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2024
• Competition
• Digital Therapeutics - Global Key Competitors Percentage Market Share in 2023 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
• Digital Therapeutics: Overview & Market Outlook
• Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Growing Global Focus on Meeting Unmet Needs in Mental Healthcare to Benefit Growth of Digital Therapeutics
• Shockingly High Burden of Mental Disorders & the Ensuing Focus to Meet Unmet Care Needs Primes Digital Therapeutics for Mass Adoption: Global Economic Cost of Mental Illnesses (In US$ Trillion) for Years 2023, 2025, 2027, 2029 & 2031
• Artificial Intelligence to Play a Key Role in Improving the Effectiveness of Digital Therapeutics
• High Prevalence of Chronic Diseases and Growing Focus Long-Term Management & Preventative Healthcare Widens Growth Opportunities
• Rising Prevalence of Chronic Diseases Amplifies the Need for Addressing Management of These Diseases Through Digital Therapeutics: Global Cost of Chronic Diseases (In US$ Trillion) for the Years 2023, 2025, 2027, 2029 and 2031
• Here's How Digital Therapeutics Can Help Improve Clinical Outcomes Across the Cardiac Continuum
• Global Annual Medical Cost of Cardiovascular Diseases in US$ Billion (2010-2030)
• How Digital Therapeutics is Changing the Oncology Care Landscape?
• Worrisome Epidemic Increase in Cancer Incidence to Help Accelerate Adoption of Digital Therapeutics: Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
• Rise of mHealth & Smart Medical Devices & Wearables Paves the Way for More Spontaneous Adoption of Digital Therapeutics
• Growing Familiarity with mHealth & Use of Medical Wearables Means There is One Less Obstacle in the Implementation of Digital Therapeutics: Global Market for mHealth & Medical Wearables (In US$ Billion) for Years 2023, 2025, 2027, 2029 and 20231
• As Healthcare Costs Continue to Spiral, Growing Much Faster Than National GDP, Focus Shifts to Digital Therapeutics for its Ability to Lower Cost of Care
• Growing Urgency to Rein-in Spiraling Healthcare Costs Leads Healthcare Community to Take a Closer Look at Digital Therapeutics: Healthcare Costs as a % of GDP by Country 2020 VS 2023
• Growing Preference for Personalized Medicine Doubles the Focus on Digital Therapeutics
• Robust Outlook for Personalized Medicine to Create a Parallel Opportunity for Digital Therapeutics: Global Market for Personalized Medicines (In US$ Billion) for Years 2023 2025, 2027, 2029 and 2031
• Here's How AR/VR Technologies are Changing the Future of Digital Therapeutics
• The Many Benefits of 5G in Healthcare to Catalyze Adoption of Digital Therapeutics
• Rapid Penetration of 5G Will Make Implementation of Digital Therapeutics Seamless & More Efficient to Use: Global 5G Subscription (In Million) for Years 2023, 2025, 2027 and 2029
• Technology and Innovation to Continue to Drive Adoption of Digital Therapeutics
• Cybersecurity Storms Into the Spotlight. Here's Why

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/qkibtw

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