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Follow on Google News | Digital Therapeutics Market Booming Worldwide with Key Players | Pear Therapeutics, VoluntisGlobal Digital Therapeutics Market is expected to be valued at $ 2.2 billion and is anticipated to grow rapidly
The global digital therapeutics market pegged at $ 2.2 billion (2020) is set to gain momentum. The next phase of expansion is probably going to be fueled by expanding pharma-digital therapeutic alliances, increasing focus of digital therapeutics companies on mental health, psychiatric conditions, and cognitive impairments, gradually improving reimbursement situations, a favorable funding environment, and a strong pipeline of digital therapeutics products. Digital therapeutics are products (software programs) that deliver evidence-based therapeutic interventions to patients to prevent, manage, or treat a medical disorder or disease (Source: Digital Therapeutic Alliance). To optimize patient care and health outcomes, they can be used alone or in combination with other therapies, medications, and medical devices. Digital therapeutics is poised to revolutionize the healthcare industry. It finds usage across a range application such as Diabetes, Chronic Respiratory Disorders, Musculoskeletal Disorders, Smoking Cessation, Cardiovascular Diseases, CNS Disorders, Obesity and Others. It offers immense value for multiple stakeholders. A growing number of key stakeholders, including the FDA, HCPs, Payers, and Patients, are now accepting digital therapeutics as a form of therapy. The following benefits for the stakeholders across the healthcare spectrum testifies the potential for digital therapeutics.
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