Lucintel’s latest market report analyzed that digital therapeutic device provides attractive opportunities in preventive and treatment/care such as obesity, diabetes, cardiovascular disease, respiratory disease, and mus culoskeletal diseases. The digital therapeutic device market is expected to grow with a CAGR of 27%. In this market, insulin pump is the largest segment by device type.
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Based on device type, the digital therapeutic device market is segmented into respiratory therapy devices, pain management devices, insulin pumps, rehabilitation device, and others. The insulin pumps segment accounted for the largest share of the market in 2020.
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The digital therapeutic device market is marked by the presence of several big and small players. Some of the prominent players offering digital therapeutic device include Proteus Digital Health, Omada Health, Welldoc, Livongo Health, Noom, Ginger.Io, Propeller Health, 2morrow, Canary Health, and Mango Health.
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