Amazing Growth of the Global Prescription Digital Therapy (DTx) Market with Influential Key Players like Better Therapeutics, LLC, BigHealth, Headspace Inc, Kaia Health, Xealth, Solera Network

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The Digital Prescription Therapy (DTx) market research report conducts a methodical and comprehensive market research that brings facts and figures related to any subject in the industry to the fore. The forecasts, analysis, valuations, and estimations made in this report are all based on well-established tools and techniques such as SWOT analysis and Porter’s five forces analysis. This marketing report acts as an excellent medium for any size business, whether large, medium or small. The Digital Prescription Therapy (DTx) market research report is built with the most excellent and superior tools for collecting, recording, estimating and analyzing industry market data .

The Digital Prescription Therapy (DTx) market report contains historical data, current market trends, environment, technological innovation, upcoming technologies, and technical advancements in the related industry. The research studies involved in this business report help in estimating several important aspects which include, but not limited to, investing in a growing market, the success of a new product, and expanding the market share. . The key data and information used in the preparation of this report has been gathered from consistent sources which range from journals, websites, research papers, case studies and magazines. The Digital Prescription Therapeutics (DTx) market research document functions as the backbone of industry growth.

The global Prescription Digital Therapeutics (DTx) market is growing steadily with a healthy CAGR of 23.35% during the forecast period 2019-2026. The increasing prevalence of cancer in the world and the expansion of the application of CRISPR technology by the innovative research of different academic organizations are the key factors for the growth of the market.

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Major player

Better Therapeutics, LLC, BigHealth, Headspace Inc, Kaia Health, Xealth, Solera Network, F. Hoffmann-La Roche Ltd, ResMed, Pear Therapeutics, Inc, Omada Health, Inc., WellDoc, Inc, Voluntis, Teva Pharmaceutical Industries Ltd, 2Morrow Inc, SAMSUNG among others.

Segmentation:-

Global Prescription Digital Therapy (DTx) Market By Diseases (Type 2 Diabetes Prevention & Management, Addiction, Asthma, Insomnia & Others), Application (Preventive Care & Wellness, Diagnosis, Treatment Decision & Others), therapies (drug escalation, drug replacement and others), end users (hospitals, home care, specialty clinics and others), geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry trends and forecasts to 2026

Competitive analysis:

The global digital prescription therapy (DTx) market is highly fragmented and major players have used various strategies such as new product launches, extensions, agreements, joint ventures, partnerships, acquisitions and others to increase their footprint. in this market. The report includes the global CRISPR gene editing market market shares for the world, Europe, North America, Asia-Pacific, South America, Middle East and China. Africa.

Market definition:

Digital Prescription Therapy is a new therapeutic approach that enables software applications to directly treat serious illnesses. It is designed to provide evidence-based treatment anytime, anywhere and even to provide clinicians with real-time data on patient progress.

According to statistics published in Pear Therapeutics, Inc., one in three adults suffers from symptoms of insomnia which contribute to up to 30 million adults living with chronic insomnia in the United States. This growing incidence of cases globally and increasing regulatory approvals are driving the market.

Market factors

  • The high prevalence of the disease around the world is driving the growth of this market
  • High regulatory approvals for digital therapy by regulatory authorities is also acting as a market growth driver
  • Promising Demonstration of Clinical Outcomes Drives Market Growth
  • High demand due to their high profitability can also act as a market driver

Market constraints

  • Digital Therapies Unaffordable Limits Market Growth
  • Limited access to new treatment options for conditions that had not previously been treated or undertreated by traditional drugs and therapies, which acts as a market restriction
  • Lack of health budget in some middle-income countries is also hampering market growth

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The current trend in demand, supply and sales as well as recent developments have been given here to provide a comprehensive picture of this market. It also provides voluntary access to affordable research reports which is the end result of personalized research conducted by in-house team of professionals.

Key developments in the market:

In July 2019, Pear Therapeutics, Inc filed a Marketing Authorization Application with the FDA for Somryst, a digital prescription therapy (PDT) for the treatment of chronic insomnia and depression in adult. If approved, it could become the third PDT indication authorized by the FDA, representing a more recent innovation for patients and physicians

In June 2018, Headspace Inc launched a Headspace Health company that will focus on building a new prescription meditation app by the end of 2020. This creation of the new company is the most important step towards them. health industries to help treat a range of chronic diseases

Reasons to buy this report

  • Current and future outlook of the global digital prescription therapy (DTx) market in developed and emerging markets
  • The segment which is expected to dominate the market as well as the segment which holds the highest CAGR during the forecast period
  • Regions / countries expected to experience the fastest growth rates during the forecast period
  • The latest developments, market shares and strategies used by major market players

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