Market Overview:
The global digital therapeutic devices market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of chronic diseases, rising geriatric population, and technological advancements in digital therapeutic devices. Based on type, the global digital therapeutic devices market is segmented into pain management devices, rehabilitation devices, respiratory therapy devices, insulin pumps, and others. Pain managementdevices held the largest share of the global digital therapeuticdevices market in 2017and are expected to continue its dominance duringthe forecast period. This can be attributedto factors such as increasing prevalenceof chronic pain conditions and growing demand for non-invasive pain relief therapies.
Product Definition:
Digital therapeutic devices are digital devices that are used to provide therapy. They can be used to provide physical or mental therapy, or both. The use of digital therapeutic devices is important because they can help people to improve their health and wellbeing.
Pain Management Devices:
Pain management devices are used for the treatment of acute as well as chronic pain. It includes techniques like acupuncture, acupressure, trigger point therapy, and reflexology. The factors that propel the growth of this market include rising prevalence of chronic diseases such as arthritis & cancer and increasing demand for minimally invasive procedures due to its safety & efficacy coupled with technological advancements in this field.
Rehabilitation Devices:
Rehabilitation devices are used in the treatment of neurological, musculoskeletal, and cardiovascular diseases. They aid in improving body movement and functioning after an injury or surgery. These devices help patients to move around and perform daily activities with ease.
Application Insights:
The global market is segmented by application into hospitals, clinics and other medical facilities, home care settings and others. The hospital segment dominated the overall market in terms of revenue in 2017. This can be attributed to factors such as increasing number of surgeries globally due to growing population along with rising awareness about EHRs that have positively impacted the adoption of DTVs for healthcare applications.
The clinic/other medical facility segment is expected to witness significant growth over the forecast period owing to factors such as an increase in patient visits due tofluctuating conditions along with a rise in demand for rehabilitation services after surgery or trauma injuries at a domestic level across various regions including North America and Europe.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare infrastructure, high awareness levels regarding rehabilitation and other forms of therapies, and favorable reimbursement policies are some factors attributing to this dominance. Moreover, increasing government funding for R&D activities pertaining to digital therapeutics is also expected to propel the growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising geriatric population base that requires home-based or ambulatory aids for independent functioning at their own homes. Furthermore, growing medical tourism industry in emerging economies such as India and China is further expected boost demand for these devices in this region over the next eight years.
Growth Factors:
- Increasing prevalence of chronic diseases: The global prevalence of chronic diseases is increasing at an alarming rate. This is primarily because of the changing lifestyles and dietary habits of people across the world. According to a study by the World Health Organization (WHO), chronic diseases account for 60% to 70% of all deaths worldwide. This number is expected to increase in the coming years due to the rising incidence of lifestyle-related disorders such as obesity, diabetes, and heart disease. Digital therapeutic devices can help manage these conditions effectively and improve patient outcomes.
- Growing demand for personalized medicine: There has been a growing demand for personalized medicine in recent years due to its ability to provide customized treatment plans based on an individual’s specific needs and requirements. Digital therapeutic devices are well-suited for this type of treatment as they can be tailored according to each patient’s unique physiology and pathology profile. As a result, they are increasingly being used in hospitals and clinics around the world.
Scope Of The Report
Report Attributes
Report Details
Report Title
Digital Therapeutic Devices Market Research Report
By Type
Pain Management Devices, Rehabilitation Devices, Respiratory Therapy Devices, Insulin Pumps, Others
By Application
Hospitals, Clinics, Home Care, Others
By Companies
Proteus, Omada Health, WellDoc, Livongo, Noom, Ginger.io, Propeller Health, Morrow, Canary Health, Mango, Twine Health, Glooko, Firstbeat, Claritas MindSciences, Dthera, Virta Health, Pear Therapeutics, BioTelemetry, Blue Mesa Health, M&A Deals - Digital Health
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
185
Number of Tables & Figures
130
Customization Available
Yes, the report can be customized as per your need.
Global Digital Therapeutic Devices Market Report Segments:
The global Digital Therapeutic Devices market is segmented on the basis of:
Types
Pain Management Devices, Rehabilitation Devices, Respiratory Therapy Devices, Insulin Pumps, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, Home Care, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Proteus
- Omada Health
- WellDoc
- Livongo
- Noom
- Ginger.io
- Propeller Health
- Morrow
- Canary Health
- Mango
- Twine Health
- Glooko
- Firstbeat
- Claritas MindSciences
- Dthera
- Virta Health
- Pear Therapeutics
- BioTelemetry
- Blue Mesa Health
- M&A Deals - Digital Health
Highlights of The Digital Therapeutic Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Pain Management Devices
- Rehabilitation Devices
- Respiratory Therapy Devices
- Insulin Pumps
- Others
- By Application:
- Hospitals
- Clinics
- Home Care
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Digital Therapeutic Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Digital therapeutic devices (DTDs) are medical devices that use digital technology to improve patient care. They can be used to diagnose and treat a variety of conditions, including heart disease, cancer, stroke, and diabetes.
Some of the major companies in the digital therapeutic devices market are Proteus, Omada Health, WellDoc, Livongo, Noom, Ginger.io, Propeller Health, Morrow, Canary Health, Mango, Twine Health, Glooko, Firstbeat, Claritas MindSciences, Dthera, Virta Health, Pear Therapeutics, BioTelemetry, Blue Mesa Health, M&A Deals - Digital Health.
The digital therapeutic devices market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Digital Therapeutic Devices Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Digital Therapeutic Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Digital Therapeutic Devices Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Digital Therapeutic Devices Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Digital Therapeutic Devices Market Size & Forecast, 2020-2028
4.5.1 Digital Therapeutic Devices Market Size and Y-o-Y Growth
4.5.2 Digital Therapeutic Devices Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Pain Management Devices
5.2.2 Rehabilitation Devices
5.2.3 Respiratory Therapy Devices
5.2.4 Insulin Pumps
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Home Care
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Digital Therapeutic Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Digital Therapeutic Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Pain Management Devices
9.6.2 Rehabilitation Devices
9.6.3 Respiratory Therapy Devices
9.6.4 Insulin Pumps
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Home Care
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Pain Management Devices
10.6.2 Rehabilitation Devices
10.6.3 Respiratory Therapy Devices
10.6.4 Insulin Pumps
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Home Care
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Pain Management Devices
11.6.2 Rehabilitation Devices
11.6.3 Respiratory Therapy Devices
11.6.4 Insulin Pumps
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Home Care
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Pain Management Devices
12.6.2 Rehabilitation Devices
12.6.3 Respiratory Therapy Devices
12.6.4 Insulin Pumps
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Home Care
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Pain Management Devices
13.6.2 Rehabilitation Devices
13.6.3 Respiratory Therapy Devices
13.6.4 Insulin Pumps
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Home Care
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Digital Therapeutic Devices Market: Competitive Dashboard
14.2 Global Digital Therapeutic Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Proteus
14.3.2 Omada Health
14.3.3 WellDoc
14.3.4 Livongo
14.3.5 Noom
14.3.6 Ginger.io
14.3.7 Propeller Health
14.3.8 Morrow
14.3.9 Canary Health
14.3.10 Mango
14.3.11 Twine Health
14.3.12 Glooko
14.3.13 Firstbeat
14.3.14 Claritas MindSciences
14.3.15 Dthera
14.3.16 Virta Health
14.3.17 Pear Therapeutics
14.3.18 BioTelemetry
14.3.19 Blue Mesa Health
14.3.20 M&A Deals - Digital Health
