Global Digiceuticals Market Size, Trends, and Growth Opportunity, By Use (Smartphone, Watches, Medical device system), By Application (Diabetes management, Obesity, CVD, Respiratory Diseases, Alcohol, and Smoking addiction, CNS Diseases, Others), By Distribution Channel (Hospitals, Specialty clinics, Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) and Forecast till 2030.
Report ID : IR1001984 | Industries : Healthcare | Published On :June 2024 | Page Count : 240
Global Digiceuticals Market Size, Trends, and Growth Opportunity, By Use (Smartphone, Watches, Medical device system), By Application (Diabetes management, Obesity, CVD, Respiratory Diseases, Alcohol, and Smoking addiction, CNS Diseases, Others), By Distribution Channel (Hospitals, Specialty clinics, Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) and Forecast till 2030.
Global Digiceuticals Market
The Global Digiceuticals Market was valued at USD 4.59 billion in 2022 and is expected to expand USD 92.66 billion in 2030 at a CAGR of 57.37% during the forecast period 2023-2030.
Digiceuticals include digital therapeutic products and they represent an entirely new era for the healthcare system. This product promotes, and improves health outcomes and monitors various conditions like depression, insomnia, chronic pain, anxiety, etc.
Market Drivers
The growing use of smartphones, affordability of digital health technologies for patients and providers, and rising demand for patient-centric care and integrated healthcare systems propelling the growth of the Digiceuticals market.
Growing regulatory initiatives and support along with rising smartphone penetration act as major factors for the growing market during the forecast period.
Market Restraints
Lack of awareness among people regarding the use of smartphones and apps restrains the growth of the global Digiceuticals market.
Furthermore, irregularity in app usage and irresponsive behavior of patients leads to fluctuation in providing correct data along with the lack of data proving efficacy in randomized trials is likely to hinder the growth of the market.
COVID-19 Impact on Digiceuticals Market
The outbreak of covid-19 shows a significant impact on the market as the increasing demand for convenient and accessible digital health solutions increases the demand for Digiceuticals and drives the market growth.
Impact of Russia Ukraine War on the Market
The conflict between Russia and Ukraine can have both direct and indirect impacts on the Digiceuticals market:
Disruptions in the supply chain: Many Digiceuticals manufacturers source components from Russia and Ukraine. The war may cause supply chain disruptions and delays, affecting digiceuticals' production and delivery.
Economic sanctions: Economic sanctions imposed on Russia may have an impact on the overall economy, as well as the demand for Digiceuticals in the region.
Market Segmentation
The Global DigiceuticalsMarket segmented on the basis of By Use, By Application, By Distribution Channel, and region. On the basis of Use, it is segmented into smartphones, Watches, and Medical device systems. On the basis of Application, it is segmented into Diabetes management, Obesity, CVD, Respiratory Diseases, Alcohol and Smoking addiction, CNS Diseases, and Others. On the basis of the Distribution Channel, it is segmented into Hospitals, Specialty Clinics, and Others. On the basis of Region, it is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East & Africa.
Regional Analysis
North America is likely to dominate the market over the forecast period owing to the increased use of digital health products and focuses to improve quality of life by improved tracking & diagnostics. Additionally, the rising prevalence of chronic diseases and the geriatric population boost the market growth in this region.
Asia Pacific is also anticipated to witness substantial growth because of the growing demand for effective healthcare, increasing smartphone penetration, and improved access to the Internet, as a result of increased government spending on healthcare.
Key Players
Various key players are listed in this report such as OMADA HEALTH INC, Welldoc Inc, 2Morrow Inc, Teladoc Health Inc, Propeller Health (ResMed), Fitbit LLC, CANARY HEALTH, Noom Inc, Pear Therapeutics Inc, Akili Interactive Labs Inc, HYGIEIA, DarioHealth Corp, BigHealth, GAIA AG, Limbix Health Inc.
Market Taxonomy
By Use
• Smartphone
• Watches
• Medical device system
By Application
• Diabetes management
• Obesity
• CVD
• Respiratory Diseases
• Alcohol and Smoking addiction
• CNS Diseases
• Others
By Distribution Channel
• Hospitals
• Specialty clinics
• Others
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Key Question Addressed by the Report
• What are the Key Opportunities in Global Digiceuticals Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have the highest growth?
• What are the factors that will impact/drive the Market?
• What is the role of key players in the value chain?
Global Digiceuticals Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Digiceuticals Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Digiceuticals Market, By Use
5.1 Y-o-Y Growth Comparison, By Use
5.2 Digiceuticals Market Share Analysis, By Use
5.3 Digiceuticals Market Size and Forecast, By Use
5.3.1 Smart phone
5.3.2 Watches
5.3.3 Medical device system
6 Digiceuticals Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Digiceuticals Market Share Analysis, By Application
6.3 Digiceuticals Market Size and Forecast, By Application
6.3.1 Diabetes management
6.3.2 Obesity
6.3.3 CVD
6.3.4 Diseases
6.3.5 Alcohol and Smoking addiction
6.3.6 CNS Diseases
6.3.7 Others
7 Digiceuticals Market, By Distribution Channel
7.1 Y-o-Y Growth Comparison, By Distribution Channel
7.2 Digiceuticals Market Share Analysis, By Distribution Channel
7.3 Digiceuticals Market Size and Forecast, By Distribution Channel
7.3.1 Hospitals
7.3.2 Specialty clinics
7.3.3 Others
8 Digiceuticals Market, By Region
8.1 Digiceuticals Market Share Analysis, By Region
8.2 Digiceuticals Market Share Analysis, By Region
8.3 Digiceuticals Market Size and Forecast, By Region
9 North America Digiceuticals Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Digiceuticals Market Share Analysis, By Use
9.3 North America Digiceuticals Market Size and Forecast, By Application
9.4 North America Digiceuticals Market Size and Forecast, By Distribution Channel
9.5 North America Digiceuticals Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Digiceuticals Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Digiceuticals Market Share Analysis, By Use
10.3 Europe Digiceuticals Market Size and Forecast, By Application
10.4 Europe Digiceuticals Market Size and Forecast, By Distribution Channel
10.5 Europe Digiceuticals Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Digiceuticals Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Digiceuticals Market Share Analysis, By Use
11.3 Asia Pacific Digiceuticals Market Size and Forecast, By Application
11.4 Asia Pacific Digiceuticals Market Size and Forecast, By Distribution Channel
11.5 Asia Pacific Digiceuticals Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Digiceuticals Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Digiceuticals Market Share Analysis, By Use
12.3 Latin America Digiceuticals Market Size and Forecast, By Application
12.4 Latin America Digiceuticals Market Size and Forecast, By Distribution Channel
12.4 Latin America Digiceuticals Market Size and Forecast, Country
12.5.1. Brazil
12.5.2. Rest of Latin America
13 Middle East Digiceuticals Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Digiceuticals Market Share Analysis, By Use
13.3 Middle East Digiceuticals Market Size and Forecast, By Application
13.4 Middle East Digiceuticals Market Size and Forecast, By Distribution Channel
13.5 Middle East Digiceuticals Market Size and Forecast, By Country
13.5.1. Saudi Arabia
13.5.2. UAE
13.5.3. Egypt
13.5.4. Kuwait
13.5.5. South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 OMADA HEALTH INC
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Welldoc Inc
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 2Morrow Inc
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Teladoc Health Inc
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Propeller Health (ResMed)
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Fitbit LLC
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 CANARY HEALTH
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Noom Inc
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 Pear Therapeutics Inc
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Akili Interactive Labs Inc
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
15.11 HYGIEIA
15.11.1 Overview
15.11.2 Offerings
15.11.3 Key Financials
15.11.4 Business Segment & Geographic Overview
15.11.5 Key Market Developments
15.11.6 Key Strategies
15.12 DarioHealth Corp
15.12.1 Overview
15.12.2 Offerings
15.12.3 Key Financials
15.12.4 Business Segment & Geographic Overview
15.12.5 Key Market Developments
15.12.6 Key Strategies
15.13 BigHealth
15.13.1 Overview
15.13.2 Offerings
15.13.3 Key Financials
15.13.4 Business Segment & Geographic Overview
15.13.5 Key Market Developments
15.13.6 Key Strategies
15.14 GAIA AG
15.14.1 Overview
15.14.2 Offerings
15.14.3 Key Financials
15.14.4 Business Segment & Geographic Overview
15.14.5 Key Market Developments
15.14.6 Key Strategies
15.15 Limbix Health Inc
15.15.1 Overview
15.15.2 Offerings
15.15.3 Key Financials
15.15.4 Business Segment & Geographic Overview
15.15.5 Key Market Developments
15.15.6 Key Strategies