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.