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According to the latest report by MarkNtel Advisors, titled “Global Digital Therapeutics Market By Product (Software, Hardware), By Application (Preventive, Treatment), By Business Model (Business-to-Consumer [B2C], Business-to-Business [B2B]) and others), The Global Digital Therapeutics Market is estimated to grow at a CAGR of around 20% during the forecast period, i.e., 2024-30. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
Base Year: 2023
Forecast Period: 2024-30
Historical Data: 2019-22
CAGR (2024-2030): 20%
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Integration of Virtual Reality (VR) Technology in Digital Therapeutics – The integration of virtual reality (VR) technology holds promising prospects within the Global Digital Therapeutics Market. It offers immersive solutions for the treatment & management of various conditions, such as strokes, post-traumatic stress disorder (PTSD), obsessive-compulsive disorder (OCD), anxiety disorders, substance abuse, etc. With the prevalence of these diseases on the rise, integrating VR into therapeutic interventions presents an opportunity to enhance patient engagement & adherence to treatment plans. Also, by immersing users in simulated environments, VR facilitates behavior change, pain management, and cognitive therapy, thereby expanding the scope of digital therapeutics into new therapeutic areas and improving overall healthcare outcomes. Hence, the Global Digital Therapeutics Market would experience profitable opportunities in the coming years.
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-By Product
The Software category held a major share of the Global Digital Therapeutics Market.
-By Application
The Treatment segment held a significant share of the Digital Therapeutics Market.
-By Business Model
-By Region
North America accounts for the largest share of the Global Digital Therapeutics Market. The dominance has been attributed to the growing prevalence of various preventable chronic diseases, such as obesity, cancer, diabetes, etc.
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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
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Digital Therapeutics Market Share Digital Therapeutics Market Trends Digital Therapeutics Market Growth
