Nov 13, 2024
Blog Healthcare How Technology is Transforming the Landscape of Chronic Disease Management
Recent advancements in digital technology have greatly improved our ability to understand and manage chronic diseases.
Traditionally, chronic conditions were treated with medications and physical therapy. However, digital therapeutics have recently emerged as a strong tool in managing these diseases, offering technology-driven, personalized care for a range of chronic health issues.
Digital therapeutics is a new area of healthcare that uses technology to provide treatments for medical conditions. It offers personalized care based on each patient’s needs and preferences, helping them stick to their medications, lifestyle changes, exercise, diet, and other treatments. This approach helps people manage chronic diseases better and improve their overall quality of life.
According to the study from BCC Research Chronic Disease Management: Therapeutics, Device Technologies and Global Markets was valued at $675.0 billion in 2023. It is projected to grow from $726.3 billion in 2024 to $1.1 trillion by 2029, at a compound annual growth rate (CAGR) of 8.1% from 2024 through 2029.
The global market for chronic disease management therapeutics and device technologies was valued at $675.0 billion in 2023. It is projected to grow from $726.3 billion in 2024 to $1.1 trillion by 2029, at a compound annual growth rate (CAGR) of 8.1% from 2024 through 2029.
Many chronic diseases are linked to unhealthy lifestyles, such as poor diet, lack of exercise, and excessive drinking. In the past, healthcare mainly focused on treating existing conditions rather than preventing them. However, this approach is changing. Governments and healthcare organizations around the world are now focusing more on prevention to lower rising healthcare costs and help people live longer, healthier lives.
Technology has completely changed how we manage chronic conditions. With special apps, software, and wearable devices, people with chronic illnesses can better understand and control their health.
Monitoring chronic diseases is one of the best ways to improve health outcomes. By tracking symptoms, medication, and lifestyle habits, patients can learn how to manage their condition every day. Technology provides tools that collect accurate data, which helps track progress over time. This data also helps doctors make better decisions about treatment.
Here are some technological advancements that help keep track of chronic diseases management:
Conclusion: Technology is revolutionizing the way we manage chronic diseases, making it easier for patients to stay on top of their health. With tools like digital therapeutics, remote monitoring devices, telemedicine, and medical apps, patients now have personalized care at their fingertips, leading to better outcomes and improved quality of life. As healthcare continues to embrace technology, it offers new opportunities for prevention, better management, and more efficient treatments for chronic conditions, ultimately helping people live longer and healthier lives.
Consider becoming a member of the BCC Research library and gain access to our full catalog of market research reports in your industry. Not seeing what you are looking for? We offer custom solutions too, including our new product line: Custom Intelligence Services.
Contact us today to find out more.
Divya Dhamija is a Senior Executive of Marketing Operations at BCC Research, with a master’s degree in business. She specializes in optimizing marketing strategies and content creation and is dedicated to driving organizational growth through strategic marketing initiatives.
Imagine being able to diagnose and treat illnesses quickly, accurately, and conv...
Introduction The global infusion pumps and devices market has witnessed substant...
The wearable medical device market has been experiencing rapid growth and evolut...
We are your trusted research partner, providing actionable insights and custom consulting across life sciences, advanced materials, and technology. Allow BCC Research to nurture your smartest business decisions today, tomorrow, and beyond.
Contact UsBCC Research provides objective, unbiased measurement and assessment of market opportunities with detailed market research reports. Our experienced industry analysts assess growth opportunities, market sizing, technologies, applications, supply chains and companies with the singular goal of helping you make informed business decisions, free of noise and hype.