THE U.S. DIGITAL THERAPEUTICS MARKET IS EXPECTED TO REACH USD 8.8 BILLION BY 2027. TELEHEALTH PLAYERS LEVERAGING DTx PLATFORMS TO EXPAND CAPABILITIES - ARIZTON

According to Arizton's latest research report, the U.S. digital therapeutics market is expected to grow at a CAGR of 33.15% during 2022-2027. The digital therapeutics market is predicted to grow in the next years due to constant research and innovation, growth in the prevalence of chronic diseases, increased public awareness, regulatory approvals, and an increase in smartphone usage.

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The goal of digital therapeutics is to treat chronic conditions at scale, relieving some of the significant stressors on the medical system, such as physician shortages. With the rise in the prevalence of chronic diseases, there has been a growing awareness of digital therapeutics. Owing to the gradual adoption of DTx, several companies have emerged in digital therapeutics, working with extreme expertise and intent to satisfy therapeutic needs. Furthermore, digital therapeutics saw significant funding growth in 2021, with start-ups delivering medical interventions using evidence-based software for managing and treating a broad spectrum of diseases reporting surging investments. Investments in DTx were at a record in 2020 with $1,065 million with 64 deals. DTx start-ups are likely to increase at an incredible rate, and competition is fierce for the favor of providers, payors, and employers.

Moreover, the growing focus on strategic acquisitions and establishing collaborative partnerships between key stakeholders such as providers, payers, and the US federal government to meet prevailing unmet needs of patients and offer supportive healthcare services in remote locations are contributing to the market growth of digital therapeutics in the country. These strategic collaborations/partnerships will enhance the effective usage of healthcare infrastructure, improve patient and physician engagement, and provide better disease management and patient access services. Such collaborations and strategic acquisitions will support the market growth of the digital therapeutics market in the upcoming years.

Key Vendors
2Morrow
Akili Interactive Labs
Cognoa
Fitbit
Kaia Health
Lark Technologies
Teladoc Health
Omada Health
Pear Therapeutics
ResMed
Voluntis
WellDoc
Dario Health
Happify Health
One Drop
Virta Health

Other Prominent Vendors
Ayogo
BehaVR
Calibrate Health
Canary Health
Cara Care
CardioRenal
Cerebral
CogniFit
CureApp
Freespira
Ginger
Glooko
Kelvi
Mahana Therapeutics
Mantra Health
Meru Health
Monument
Neurotrack Technologies
NightWare
Noom
Sharecare
SWORD Health
Talkspace
Thirty Madison
TRIPP
Vida Health
Vivante Health
Workit Health

AI has become increasingly incorporated into people's life during the last ten years in a variety of ways. AI's use in healthcare has opened a whole new universe of possibilities, and it's still evolving in terms of breadth, capabilities, and scale. Every day, roughly 200 new apps are released in the DTx business. To assist patients, and attain improved health, AI plays a critical role in personalization and engagement. Owing to the advanced features of AI, its incorporation in digital therapeutics will further develop innovative processes and developments that will help in bringing out better patient outcomes.

To read more: https://www.arizton.com/market-reports/us-digital-therapeutics-market

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