PUNE, India, March 8, 2021 / PRNewswire / – Digital Medicine Market is valued Billion USD 1.99 in 2017 and expected to arrive 14.54 billion USD by 2027 with a CAGR of 22% over the expected period. Technological advances in the medical sector and demand in digital healthcare facilities are key reasons for the growth of the Digital Medicine Market.
Major players in the Digital Therapeutics Market: Dario Health, Pear Therapeutics, Omada Health, Click Therapeutics, Akili Interactive, Lark Health, Kaia Health, Cognoa
News: Medisafe, a rising digital therapeutic company $ 30M: February 28, 2021; Medisafe, Israel An established digital therapeutic company announced the termination value of funding $ 30M led by Alive Israel HealthTech and Sanofi funds, Menorah Mivtachim, Leumi Partners and Confederation Business Group. Previous investors include 7wireVentures, Merck Ventures, Iool Ventures, Pitango HealthTech, Octopus Ventures, Triventures, Qualcomm Ventures and OurCrowd. The company has more than 7 million registered users worldwide.
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Scope of digital medicine Market Report:
Digital Therapeutics (DTx), a division of digital health includes software programs and applications to manage, treat and prevent the diseases or other medical disorders. DTx can be deployed using a variety of digital platforms such as web-based health technologies to track changes in patient conditions. The digital treatment focuses on the changes in a patient’s lifestyle, behavior and psychological state. The digital approach helps with real-time monitoring or data collection to create a progress report or prevent based on the collection of digital incentives. Various conditions are monitored with the help of DTx are breast diseases, insomnia, depression, obesity, anxiety, depression and others. There is an increase in venture capital in DTx markets as more investors are interested due to the growing consumer interest towards DTx platforms.
Through the COVID-19 pandemic, very few businesses have had a positive impact, and some businesses have gone down abruptly. COVID-19 has accelerated the growth for the Medical and Healthcare sector as they have had the opportunity to bring innovations to market. To reduce the impact of corona virus, the adoption of various measures such as social speed led online consultations with businesses. Limited areas allowed patients and users to choose innovative treatment options such as digital medicine or patient communication services to fully manage their disease and well-being.
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News: Click and Otsuka Therapeutics started a remote clinical trial using DTx
January 24, 2021; Mirai Study, an isolated clinical trial commissioned by Osukamaceuticals and Click Therapeutics to examine the effectiveness in reducing depressive symptoms in adults experiencing major depressive disorder and who are experiencing major depressive disorder. taking antidepressant monotherapy. The controlled trial will enroll up to 540 patients nationwide. Trial participation lasts for 10 weeks and efficacy is assessed according to the Montgomery-Asberg Depression Scale (MADRS) overall score.
Global digital therapeutic market segmentation analysis:
By type: Mobile apps, software, sensing devices
For sale: Business to Business (B2B), Business to Consumer (B2C)
By Request: Obesity, Diabetes, asthma, Alzheimer’s disease, anxiety
The sectors covered in this report are on the Global Digital Medicine Market North America, Europe, Asia-Pacific and the rest of the world. By country level, Digital Therapeutics market is divided into US, Mexico, Canada, RA, France, Germany, Italy, China, Japan, India, Southeast Asia, Middle East Asia, Africa, help.
Technological advances in the medical sector and demand in digital healthcare facilities are key reasons for the growth of the Digital Medicine Market
The key drivers of growth of Global Digital Medicine Market are technological advancement in the medical sector and growing demand for digital healthcare facilities. Other factors such as lower health cost and cheaper digital therapeutic treatments for chronic and neurological diseases are expected to accelerate market growth. According to a National Health Council report on infectious disease, approximately 133 million Americans are affected by breast diseases and more than 75% of health care costs are dependent on these diseases. In addition, an increase in investments by key market players coupled with an increase in a number of preventive disorders and several benefits of digital therapeutic therapy may increase market growth. However, Lack of awareness for digital health benefits, patient data security in some developing sectors is constrained by market factors. Normalization in digital medicine by integrating with IoT, AI and other hybrid technologies will help develop the market. On the other hand, development in information security systems will increase the opportunities in Digital Therapeutics market.
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North America Gets control of the Global Digital Medicine Market
North America it is expected to take control of the Global Digital Medicine Market within the forecast period due to improved healthcare infrastructure along with technological advances. According to the digital health financing database, investments in DTx in the U.S. have grown 40% over the past 7 years and revenues to reach more than $ 1Billion in 2018. The U.S. Food and Drug Administration (FDA) promotes digital innovations to the healthcare sector and provides a regulatory framework. Therefore, FDA has released the rules for digital mental health solutions from DTx market to easily launch their products in the market. Asia Pacific it is expected to develop significantly over the expected period, due to an increase in chest disorders coupled with a growing demand for better management of these conditions. In addition, an increase in the growth of the internet as well as increased awareness of digital medicine in the sector is expected to contribute to the growth of the market.
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