The emergence of digital therapies, an emerging health sector that uses technology to augment or replace active drugs in the treatment of diseases, is changing the environment for new medicines, product reimbursement and regulatory oversight. This means that new product sharing processes and payment models will be established to integrate these products into a broader therapeutic arsenal and regulatory structure for drug and device approval. Connected health services, supported through devices that transmit data or connect to the Internet, offer new visibility into treatment delivery and new ways to improve patient outcomes.
As digital therapeutics and connected devices have transitioned from concept to reality, investors have poured a staggering $12.5 billion into digital health ventures in 2017 and 2018.Compared with 2013, this level of investment represents an increase in funding of 230 percent, while the average funding deal size grew 67 percent over the same period.
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Key Players: Mango Health, Livongo Health, Propeller Health, Omada Health Inc, Ginger.io Inc, 2Morrow Inc, Noom Inc, Proteus Digital Health, Canary Health and WellDoc Inc.
Factor such as risks and technological progress are also highlighted in the report. Importance is given to changing consumer needs and Global preferences. The analysts also Global on changing trends in a political and economic environment that might affect this GLOBAL market. As per the findings of the report, the changing rules and regulations of governments of many nations are predicted to hamper the growth of the GLOBAL market is clearly pictured in the study for the readers to understand in a detailed manner. However, changing strategies and new product developments are predicted to contribute towards the growth of the market is profiled in this report.
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Geographically, the segmentation is done into several key regions like United States, Northeast, Midwest, South, West, and Canada. The production, consumption, revenue, shares in mill UDS, growth rate of Workload Digital Therapeutics and Connected Care Market during the forecast period of 2019 to 2025 is well explained.
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