Digital Therapeutics and Wellness Market: By Application (Diabetes, Obesity, CVD, CNS disease, Respiratory disease, Smoking Cessation and others), By End User (Patients, Providers, Payers, Employers and others) and Geography  

Digital Therapeutics and Wellness Market was estimated at USD 2.6 billion in 2022 and is projected to cross USD 10.9 billion in 2028, at a Significant CAGR of 19.7% from 2023-2029. Demand for global digital therapeutics is increasing as a result of increasing mobile and tablet adoption, combined with healthcare apps growing need to monitor healthcare costs and increasing incidence of chronic diseases. However, lack of understanding in developed countries about digital therapy and concerns about patient data privacy hinder the growth of the digital therapy industry. On the contrary, it is expected that high growth prospects in untapped markets would create significant profitable opportunities for producers in the digital therapeutics and wellness market. The general public has become more conscious of the continuously shifting digital scene. Furthermore, the market is fueled by rising chronic disease prevalence and rapid technology improvements. End-user awareness is predicted to rise as a result of the use of digital devices and solutions, propelling the industry forward. Consumer attitudes toward digital health are predicted to continue to alter, as will their demand for accessible, personalised, and engaging medical solutions. Another key technological driver for the market for digital therapeutics is the rise in smartphone and internet usage among consumers.