The Europe digital therapeutics market is projected to grow from US$ 1,023.59 million in 2021 to US$ 1,338.13 million by 2028, reflecting a CAGR of 22.9% during the forecast period. This growth is driven by an increasing number of partnerships and collaborations among healthcare companies and the rise of start-ups across Europe. However, concerns regarding cybersecurity threats and data security risks pose challenges to market expansion.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 – https://www.businessmarketinsights.com/sample/TIPRE00028819
Digital therapeutics has gained significant traction among employers and insurance providers due to its numerous benefits. This has led to several key partnerships and collaborations, further propelling market growth. While the market comprises many small players, larger companies have started showing interest in recent years.
For instance, in June 2018, Cigna partnered with Omada Health to provide eligible members of Cigna-administered health plans with no-cost access to Omada’s digital intensive behavioral counseling platform as part of a preventive health improvement program. In 2019, Propeller Health, a leading digital therapeutics company, collaborated with Orion Corporation to integrate Orion’s Easyhaler inhalers for asthma and COPD patients into Propeller’s digital medicine platform. This partnership significantly expanded Propeller’s reach in Europe, covering over 90% of inhalable medicines for these conditions.
Industry collaborations have played a crucial role in driving market growth. In May 2018, the Digital Therapeutics Alliance (DTA) partnered with USP, a nonprofit organization based in Rockville, Maryland, to establish standards and guidelines for digital therapeutics. Later, in October 2018, DTA expanded its European presence by partnering with S3 Connected Health, a company specializing in the design and development of digital therapeutics and health solutions.
These strategic collaborations continue to accelerate the adoption and expansion of digital therapeutics across Europe.
Europe Digital Therapeutics Strategic Insights
Strategic insights for the Europe Digital Therapeutics provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Europe Digital Therapeutics Regional Insights
The geographic scope of the Europe Digital Therapeutics refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Europe Digital Therapeutics Market Segmentation
| Category | Subcategories |
| By Application | Diabetes, Cardiovascular Diseases, Central Nervous System (CNS) Disease, Respiratory, Smoking Cessation, Musculoskeletal Diseases, Others |
| By End User | Patients, Providers, Payers, Employers |
| By Country | Germany, UK, France, Italy, Spain, Rest of Europe |
| Company Profiles | Propeller Health (ResMed), Noom, Inc, Teladoc Health, Inc., Fitbit, Inc |
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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights
