The new generation of healthcare uses innovative, direct treatment applications and clinically validated disease management to enhance, and in few cases replace, current medical treatments and practices. Yes, this revolution is called Digital Therapeutics!
This simple yet brilliant idea has thoroughly convinced us that digital behavior change programmers are going to be more effective at preventing or treating chronic diseases compared to any kind of potion or pill. Digital therapeutics is not really some kind of simple data visualization. It is about user centered design, structured behavior change, evidence-based therapies and utilizing big data. According to a recent report published by Allied Market Research, the global digital therapeutics market was valued at $1,751 million in 2017 and is expected to reach $7,833 million by 2025 at a CAGR of 20.5% during the forecast period.
What a time to be alive! Today your phone can do almost anything for you; smart phones have been affecting your lives in all possible ways! From socializing to travel, these omnipresent smart gadgets can also act as early warning devices – from convenient warnings about your commute to life-saving notifications based on health. Talking about saving lives, we are witnessing how software applications on our phone can work in conjunction with the traditional healthcare therapeutics to deliver better patient outcomes at lower costs.
- A sensor placed on an inhaler or pill bottle enables an app to track a person’s medication usage.
- A software package delivers drug and alcohol addiction treatment, teaching new coping skills and reporting progress to a clinician.
- An app teaches people good sleep hygiene, encourages changes in behavior, and tracks the results.
These apps and tools are used on a daily basis to improve patient’s health and provide visibility into complex treatment processes and simplify pathways to better outcomes. Patients that represent a wide spectrum of conditions such as cardiovascular, endocrine, respiratory and mental health problems benefit from the use of these Digital therapeutic solutions.
Digital Therapeutics is at the forefront of a newfangled era in healthcare sphere. The solutions provide by these tools improve the overall quality, value, cohesion, outcomes of healthcare delivery. This life changing innovation in the digital and medical field has led to the development of over 325,000 healthcare mobile apps in just 2017.
The digital therapeutics is a comparatively new thing in the field of medicine that is majorly dominated by large healthcare, small players, insurance and pharmaceutical companies who have slowly and steadily started taking interest in this space. You can be sure of the fact that adopting this new trend will not only improve and enhance the healthcare facilities but also prove to be a good investment opportunity for companies who are interested in this new class of treatments.