APAC Digital Therapeutics Market Analysis


  • Type: Service area
  • Published : January 2022
  • Region: APAC
  • Country: Other
  • Report ID : 5015

  • Format: PPT, PDF

APAC Digital Therapeutics Market Analysis: Segmented by End use, Application, Country – Growth, Market Size, Future Prospects & Competitive Analysis, 2020 – 2028

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Report Description of the APAC Digital Therapeutics Market Analysis


Research Scope and Assumption

  • The report provides the market value for the base year 2020 and a yearly forecast up to 2028 in terms of revenue (USD billion)
  • The key industry dynamics, regulatory scenario, reimbursement scenario, major market trends, and drug markets are evaluated to understand their impacts on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis
  • We have used the combination of top-down and bottom-up approach for market sizing, analyzing key regional markets, dynamics, and trends for various solutions, services, and end uses
  • All market estimates and forecasts have been validated through primary interviews with the Key Industry Players (KIPs) and secondary analysis
  • Inflation has not been accounted for in order to estimate and forecast the market
  • Numbers may not add up due to rounding off

Reason to buy the report:

  • Facilitate decision-making based on strong current and forecast data for APAC Digital Therapeutics Market Analysis
  • Develop strategies based on the latest regulatory framework
  • Strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the market
  • Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the APAC Digital Therapeutics Market Analysis
  • Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • We have technically sound team which do a deep dive research and also provide strategy based consulting analysis

APAC Digital Therapeutics Market Analysis Executive Summary

Digital therapeutics refers to healthcare solution and treatment option, which uses digital technologies to cure patients with any kind of medical or psychological problem. It offers a whole new approach for the treatment and disease management under which it uses systems & high-quality software to assist patients to monitor their health conditions at home. In addition, these solutions use internet infrastructure, smartphones, and certain advanced technologies like artificial intelligence (AI), machine learning, and big data analytics to maximize the treatment for a patient, thus implementing the principle of customized medicine. The digital therapeutics market consists of a wide variety of products like telemedicine platforms, apps, wearable devices, and others. In present scenario, there are many healthcare apps and wearable devices which are easily accessible all over the world.

Market Size and Key Findings

The APAC Digital Therapeutics Market Analysis size stood at around USD 2.01 billion in 2020 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of 23.4% during the forecast period.

The digital therapeutic (DTx) market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 23.4% in the forecast period of 2021 to 2028 and is expected to reach USD 10,639.36 million by 2028 from USD 2,012.29 million in 2020.

Market Dynamics

Market Growth Drivers Analysis

Increasing prevalence of chronic diseases such as diabetes, hypertension among others as well as the rising awareness by government agencies will increase the growth of the digital therapeutic (DTx) market. Digital therapeutics (DTx) deliver therapeutic interventions directly to patients using employing evidence-based, remote assessed software to serve, manage and avert a broad spectrum of behavioural, mental and physical disorders. They are utilized alone or mix with medications, devices or other therapies to optimize patient care and health outcomes. Rising remote access to therapies that are clinically tested as safe and effective is one of the properties of digital therapeutics (DTx) during the treatment. The technological advancement which the companies make in order to grow their product line and gain profits are one of the drivers for the growth of the digital therapeutic (DTx) market.

Market Restraints

The privacy concerns related to digital therapeutic (DTx) apps may act as a restraint for the growth of the digital therapeutic (DTx) market. The quality of digital therapeutic (DTx) is to be maintained in order to provide better treatment and proper care for the customers, hence, this needs to be done correctly, therefore this would act as challenge for the digital therapeutic (DTx) market because many a times the need is not met. However, lack of awareness and access to digital therapeutics programs in emerging countries impede the market growth. The digital therapeutics market’s primary concerns are unstable payment models and patient data privacy concerns, which restrain the market growth.

COVID-19 impact on “APAC Digital Therapeutics Market Analysis” 

The emergence of the outbreak has disrupted the APAC region’s healthcare systems as the healthcare responses are focused on strengthening the Covid-19 infrastructure. The need for the substantial shift to apps and hardware capable of lifestyle enhancement and medical intervention has developed during the Covid-19 pandemic period. M

Covid-19 has positively impacted the digital therapeutics market growth. Due to the pandemic, the awareness among the people has increased about the importance of digital health and the proliferation of mental illness, and the rising rate of drug abuse worldwide is expanding the market during Covid-19 period. Moreover, due to nationwide lockdown, people are restricted to home, which led physical activity, and unhealthy lifestyles, and mental stress has increased chronic diseases. Therefore, the demand for therapeutics devices and software flourishes across the Asia Pacific.

Competitive Landscape

Key Players

Digital therapeutic (DTx) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to digital therapeutic (DTx) market. The major companies providing digital therapeutic (DTx) market are Smartpatient gmbh, Wellthy Therapeutics Pvt Ltd, SAMSUNG, ResMed and Fitbit, Inc., among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Products in Pipeline

In November 2020, ResMed published a randomized controlled trial in the Journal of Allergy and clinical immunology. This showed a significant decline in the use of reuse inhalers and higher patient compliance in patients using Propeller Health digital platform. The company gains more customers after such publications and increases its value.

In April 2020, Smartpatient gmbh had decided to partner with “Around the Pill’ Solutions for pharmaceutical development in the future. The partnership needs to be done to gain partnered products and developments to gain more customers and expanding the business. After the partnership, the company will have development in product and the market value would increase.

Notable Recent Deals

  • The Diabetes market dominated the South Korea Digital Therapeutics Market by Applications 2020, thereby, achieving a market value of $90.2 million by 2027. The CNS Disease market is estimated to grow at a CAGR of 27% during (2021 – 2027). The Respiratory Diseases market is showcasing a CAGR of 28.3% during (2021 – 2027). Additionally, The Smoking Cessation market is expected to witness a CAGR of 27.7% during (2021 – 2027).

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario

Advancements in technologies in developing countries are estimated to spur the demand for the digital therapeutics market. It is due to the increasing disposable income, use of the internet, and mobile & other smart devices. In addition, a rising number of healthcare applications and wearable gadgets have contributed to connecting the world via a different range of applications. All these technological improvements will further open new growth avenues for the digital therapeutics market during the forecast period. Moreover, the increasing government initiatives & programs to protect the healthy population are also expected to support the demand for the digital therapeutics market over the years. Developing countries are adopting various technological advancements that further help the market to grow

1. Report Description of the APAC Digital Therapeutics Market Analysis
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report
2. APAC Digital Therapeutics Market Analysis Executive Summary
2.1 APAC Digital Therapeutics Market Analysis – Industry Snapshot & key buying criteria, 2020-2028
2.2 Market Size, Growth Prospects and Key findings
3. Market Dynamics of APAC Digital Therapeutics Market Analysis
3.1 Market Growth Drivers Analysis
3.1.1 Rise in Prevalence of chronic diseases
3.1.2 Increase in awareness by government agencies
3.1.3 Technological advancement in healthcare
3.1.4 Increased number of people using smartphones
3.1.5 Improved quality of life
3.2 Market Restraints Analysis
3.2.1 Patient information privacy policies
3.2.2 Digital payment associated with digital therapeutics
3.2.3 Under developing countries lacking smartphones and internet facilities
3.3 Covid-19 Market Impact Analysis
4. APAC Digital Therapeutics Market Segmentation
4.1 By End-Use:
4.1.1 Patients
4.1.2 Providers
4.1.3 Payers
4.1.4 Employers
4.1.5 Others
4.2 By Application:
4.2.1 Diabetes
4.2.2 CNS Disease
4.2.3 Respiratory Diseases
4.2.4 Smoking Cessation
4.2.5 Obesity
4.2.6 CVD
4.2.7 Others
4.3 By Country:
4.3.1 China
4.3.2 Japan
4.3.3 India
4.3.4 South Korea
4.3.5 Singapore
4.3.6 Malaysia
4.3.7 Rest of Asia Pacific
5. APAC Digital Therapeutics Market Share
5.1 Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape
6.1 Major Top Market Players
6.2 Products in Pipeline
6.3 R&D Initiatives in Digital Therapeutics Market
6.4 Notable recent deals in Digital Therapeutics Market
6.4.1 Joint Ventures
6.4.2 Partnerships
6.4.3 Mergers & Acquisitions
6.4.4 Strategic divestments
7. Key Company Profiles
7.1 ResMed, Inc. (Propeller Health) Company overview
Product & Services, Strategies & Financials
7.2 Teladoc Health, Inc. (Livongo Health) Company overview
Product & Services, Strategies & Financials
7.3 Noom, Inc. Company overview
Product & Services, Strategies & Financials
7.4 Omada Health, Inc. Company overview
Product & Services, Strategies & Financials
7.5 Welldoc, Inc. Company overview
Product & Services, Strategies & Financials
7.6 Canary Health Company overview
Product & Services, Strategies & Financials
7.7 Mango Health, Inc. (TrialCard, Incorporated) Company overview
Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape
8.1 Policy changes and Reimbursement scenario
8.2 Government Initiatives / Intervention programs
9. Factors Driving Future Growth
9.1 New Trends and Development of Digital Therapeutics Market
9.2 Future Opportunities
10. Strategic Recommendations

APAC Digital Therapeutics Market Analysis Segmentation

By End-Use

Based on End Use, the market is segmented into

  • Patients,
  • Providers,
  • Payers,
  • Employers and
  • Others.

By Application:

On the basis of application, the digital therapeutic (DTx) market is segmented into treatment/ care-related applications and preventive applications. In 2021, treatment/care-related applications segment is expected to dominate since it provides a good treatment and improve the life style of the people. The market is segmented into Diabetes, CNS Disease, Respiratory Diseases, Smoking Cessation, Obesity, CVD and others.

By Country:

Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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