Digital Therapeutics Market Trends 2032: Development is Changing Business Needs

According to Future Market Insights, the global digital therapeutics market is expected to reach US$ 4.8 billion in 2022, with sales increasing at a 24.4% CAGR during the forecast period. By 2032, the market will be worth $42.5 billion USD. IT companies are developing and acquiring digital therapies in order to infiltrate and disrupt the healthcare sector. Players are looking into whether digital medicines can improve quality of life and outcomes while keeping or lowering total healthcare costs in specific disease areas, as well as how patient data obtained through such products can be used to determine coverage. Startups are developing innovative digital therapeutic ideas in order to attract investors. Off-patent compounds are being combined with medical devices further up the innovation spectrum, such as changing the mode of administration with better inhalers and auto-injectors. This necessitates increased investment in R&D as well as increased use of collaboration between ...