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The U.S. Digital Therapeutics Market is Expected to Reach $8.8 Billion by 2027 – Arizton

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Chicago, June 10, 2022 (GLOBE NEWSWIRE) — According to Arizton’s latest research report, the U.S. digital therapeutics market is expected to grow at a CAGR of 33.15% during 2022-2027. The digital therapeutics market is growing due to constant research and innovation, growth in the prevalence of chronic diseases, increased public awareness, regulatory approvals, and an increase in smartphone usage.

U.S. Digital Therapeutics Market Report Scope

REPORT ATTRIBUTES DETAILS
MARKET SIZE (2027) $8.8 Billion
MARKET SIZE (2021) $1.5 Billion
CAGR (2022-2027) 33.15%  
BASE YEAR 2021  
FORECAST YEAR 2022-2027
MARKET SEGMENTS Application & End-user
GEOGRAPHIC ANALYSIS U.S.
KEY VENDORS 2Morrow, Akili Interactive Labs, Cognoa, Fitbit, Kaia Health, Lark Technologies, Teladoc Health, Omada Health, Pear Therapeutics, ResMed, Voluntis, WellDoc, Dario Health, Happify Health, One Drop, and Virta Health

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Key Highlights

  • Rise in the prevalence of chronic diseases, constant research & innovation, approvals by the regulatory government, growing awareness among the masses and increase in usage of smartphones are driving the adoption of digital therapeutic solutions.
  • Major driving factors of the digital therapeutics market in the US market increase in target population, rising need to control healthcare costs, growing demand for healthcare applications, rising importance of Artificial Intelligence, and evolution of digital treatment using virtual reality.
  • With growing number of start-ups, strategic acquisitions and collaborations with pharmaceutical companies, high availability of funding and investments, promising digital therapeutics’ pipeline and telehealth companies leveraging digital therapeutics are providing further growth opportunities for digital therapeutics market in the US.  
  • Concerns regarding privacy of patient data, technical challenges, high cost, impact of clinical validation and stringent regulatory guidelines are likely to limit the growth of digital therapeutics market in the US.  
  • The digital therapeutics market in the US segmented by application includes segments of treatment & disease management and preventive care which accounted for the shares of more than 83.00% and around 17.00% respectively in 2021.
  • The digital therapeutics market in the US segmented by end-users includes segments of healthcare providers, patients/individuals, payers, employers, and others which accounted for the shares of more than 29.00%, 24.45%, 19.20%, 16.40% and 10.60% respectively in the digital therapeutics market in the US in 2021.

Increased pharma investment and healthcare-focused start-ups are more likely to act as market drivers for digital therapeutics and have a greater impact on and shape the future of digital therapeutics. There is also a favorable trend toward reimbursement for digital medicines, with 25% of organizations covering them presently and another 45% planning to do so in the future. The US digital therapeutics market is crowded with several vendors. The consolidation in the digital therapeutics market is continuing with vendors indulging in strategic acquisitions and collaborations with pharmaceutical companies to extend their presence in the market. Global and reputed regional vendors are adopting the M&A strategy to strengthen their market positions and expand their product portfolios.

Moreover, the growing focus on strategic acquisitions and establishing collaborative partnerships between key stakeholders such as providers, payers, and the US federal government to meet prevailing unmet needs of patients and offer supportive healthcare services in remote locations are contributing to the digital therapeutics market growth in US. These strategic partnerships will enhance the effective usage of healthcare infrastructure, improve patient and physician engagement, and provide better disease management and patient access services.

Key Vendors

  • 2Morrow
  • Akili Interactive Labs
  • Cognoa
  • Fitbit
  • Kaia Health
  • Lark Technologies
  • Teladoc Health
  • Omada Health
  • Pear Therapeutics
  • ResMed
  • Voluntis
  • WellDoc
  • Dario Health
  • Happify Health
  • One Drop
  • Virta Health

Other Prominent Vendors

  • Ayogo
  • BehaVR
  • Calibrate Health
  • Canary Health
  • Cara Care
  • CardioRenal
  • Cerebral
  • CogniFit
  • CureApp
  • Freespira
  • Ginger
  • Glooko
  • Kelvi
  • Mahana Therapeutics
  • Mantra Health
  • Meru Health
  • Monument
  • Neurotrack Technologies
  • NightWare
  • Noom
  • Sharecare
  • SWORD Health
  • Talkspace
  • Thirty Madison
  • TRIPP
  • Vida Health
  • Vivante Health
  • Workit Health

Segmentation by Application

  • Treatment & Disease Management
    • Chronic Care
    • Mental Health & Neurological Disorders
    • Others
  • Preventive Care
    • Pre-Diabetes
    • Weight Management
    • Others

Segmentation by End-User

  • Healthcare Providers
  • Patients/Individuals
  • Payers
  • Employers
  • Others

Telehealth refers to any method of providing technology-enabled, long-distance healthcare. It is seen as the link between healthcare providers and patients. Several emerging start-ups are gaining significance. Legacy is a digital fertility clinic for men, Boulder connects patients seeking treatment for opioid use disorder, PeerWell focuses on helping people throughout their musculoskeletal journey, and MetaMe Health develops FDA-approved prescription digital therapeutics for the treatment of gastrointestinal conditions.

AI’s use in healthcare has opened a whole new universe of possibilities, and it’s still evolving in terms of breadth, capabilities, and scale. Every day, roughly 200 new apps are released in the DTx business. AI plays a crucial role in personalization and engagement to aid patients and achieve better health. Owing to the advanced features of AI, its incorporation in digital therapeutics will further develop innovative processes and developments that will help in bringing out better patient outcomes.

Explore our healthcare lifesciences profile to know more about the industry.

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About Arizton:

Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals, and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

Click Here to Contact Us

Call: +1-312-235-2040

+1 302 469 0707


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Artificial Intelligence

Sasken and JOYNEXT forge strategic partnership to accelerate innovation and expand global footprint

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BANGALORE, India, April 16, 2024 /PRNewswire/ — Sasken Technologies Limited, a leading provider of product development and digital transformation services, and JOYNEXT, a respected Tier1 player in the automotive industry, announced a strategic partnership to collaborate on the development and launch of cutting-edge platforms for both in-vehicle systems (navigation, digital cockpit and 5G telematics) and off-vehicle cloud and digital services leveraging emerging technologies for the automotive industry.

Sasken and JOYNEXT will leverage their complementary expertise, global presence, and strong ecosystems to deliver innovative and integrated solutions to the automotive industry. This collaboration will enable faster time to market with the best IPs and provide unparalleled support throughout the product development process. By combining JOYNEXT’s proven advanced automotive solutions with Sasken’s innovative automotive hardware and software capabilities, including chip-to-cloud cognitive engineering, connected car solutions, optimised edge computing solutions, computer vision, generative AI, and cybersecurity, the partnership aims to address the complex needs of the automotive market while delivering enhanced customer experiences.
“We are excited to collaborate with JOYNEXT, as their automotive industry expertise aligns perfectly with Sasken’s ambition to maintain a leadership position in the global automotive market,” said Mr. Abhijit Kabra, CEO, Sasken Technologies. “By leveraging our respective strengths, we can provide unique value to our customers and accelerate technological advancements in the automotive industry.”
The partnership began with a multi-year collaboration focused on automotive software maintenance for navigation and ASPICE compliance. It also includes the definition and implementation of enhancements for new products to keep pace with evolving Software Defined Vehicle (SDV) architectures. Sasken will drive the initiative to address EV challenges such as range anxiety, compatibility with navigation ecosystem players, increasing driver confidence by incorporating real-time data on charging points, driving terrains and integration with ADAS systems. Proprietary algorithms will optimise battery range for safer, more efficient journeys.
“We at JOYNEXT are excited to join forces with Sasken,” said Stavros Mitrakis, CEO of JOYNEXT. “By leveraging Sasken’s strong hardware and software capabilities and our extensive automotive domain knowledge, we will be able to develop solutions that not only address today’s challenges, but also anticipate the needs of the future. We are confident that this partnership will enhance our product offering and enable us to deliver more innovative, safer, and more enjoyable driving experiences to our customers.”
The aim of the partnership between Sasken and JOYNEXT is not only to push the boundaries of product innovation, but also to ensure that products reach the market more efficiently, equipped with the latest technology and tailored to meet the ever-changing demands of consumers.
About Sasken:
Sasken is a specialist in Product Engineering and Digital Transformation providing concept-to-market, chip-to-cognition engineering R&D and Digital Transformation services to global leaders in Automotive, Semiconductor, Transportation, Industrials, Consumer Electronics, Enterprise Devices, SatCom and Telecom industries. For over 30 years and with multiple patents, Sasken has transformed the businesses of 100+ Fortune 500 companies, powering more than a billion devices through its services and IP. For more information, visit www.sasken.com 
JOYNEXT – WE CONNECT FUTURE
JOYNEXT is a leading AutoTech company, the Automotive Connectivity Business Unit of Joyson Electronics. Headquarters in China, JOYNEXT marks our global presence in Germany, Poland, France, US, Japan, etc. We develop technologies for intelligent connected vehicles and provide a highly personalized mobility experience that is empathic, safe, and adaptable. Our 1,500+ employees work at 7 R&D centers, 3 global manufacturing locations, and 4 customer canters around the world.
For more than two decades, JOYNEXT has been working as the development partner and system supplier of renowned car manufacturers and established long-term partnerships with various well-known OEMs. Our intelligent cockpit and smart connectivity products are equipped in millions of vehicles worldwide, complemented by our capabilities in developing autonomous driving technologies and software products, which lay a solid foundation for the cockpit and driving fusion facing the era of Central Computing Units.
Balancing innovation with sustainability, we are committed to contributing to industry transformation together with our eco-partners, such as Microsoft, HUAWEI, Qualcomm, Horizon Robotics, Black Sesame, Elektrobit, and QNX to deliver a smarter driving experience for end users. www.JOYNEXT.com
Media Contact:Rekha Sahay GhoshHead of Marketing & CommunicationsE: [email protected]: +91 080 6694 3009
Sasken Technologies Limited139/25, Ring Road, Domlur, Bengaluru 560071, IndiaT: +91 80 6694 3000, E: [email protected]: L72100KA1989PLC014226 | www.sasken.com
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IDnow bridges the AI-human divide with new expert-led video verification solution

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New VideoIdent Flex elevates trust with a human touch in the face of rising fraud and the closing of physical bank branches
LONDON, April 16, 2024 /PRNewswire/ — IDnow, a leading identity verification provider in Europe, has unveiled VideoIdent Flex, a new version of its expert-led video verification service that blends advanced AI technology with human interaction. The human-based video call solution, supported by AI, has been designed and built to boost customer conversion rates, reduce rising fraud attempts, increase inclusivity, and tackle an array of complex online verification scenarios, while offering a high-end service experience to end customers.

The company’s original expert-led product, VideoIdent, has been a cornerstone in identity verification for over a decade, serving the strictest requirements in highly regulated industries across Europe. VideoIdent Flex, re-engineered specifically for the UK market, represents a significant evolution, addressing the growing challenges of identity fraud, compliance related to Know-Your-Customer (KYC) and Anti-Money Laundering (AML) processes and ensuring fair access and inclusivity in today’s digital world outside of fully automated processes.
Empowering businesses with flexible human-based identity verification
As remote identity verification becomes more crucial yet more challenging, VideoIdent Flex combines high-quality live video identity verification with hundreds of trained verification experts, thus ensuring that genuine customers gain equal access to digital services while effectively deterring fraudsters and money mules. Unlike fully automated solutions based on document liveness and biometric liveness features, this human-machine collaboration not only boosts onboarding rates and prevents fraud but also strengthens trust and confidence in both end users and organisations. VideoIdent Flex can also serve as a fallback service in case a fully automated solution fails.
Bertrand Bouteloup, Chief Commercial Officer at IDnow, commented: “VideoIdent Flex marks a groundbreaking advancement in identity verification, merging AI-based technology with human intuition. In a landscape of evolving fraud tactics and steady UK bank branch closures, our solution draws on our decade’s worth of video verification experience and fraud insights, empowering UK businesses to maintain a competitive edge by offering a white glove service for VIP onboarding. With its unique combination of KYC-compliant identity verification, real-time fraud prevention solutions, and expert support, VideoIdent Flex is a powerful tool for the UK market.”
Whereas previously firms may have found video identification solutions to be excessive for their compliance requirement or out of reach due to costs, VideoIdent Flex opens up this option by customising checks as required by the respective regulatory bodies in financial services, mobility, telecommunications or gaming, to offer a streamlined solution fit for every industry and geography.
Customisable real-time fraud prevention for high levels of assurance
VideoIdent Flex has a number of key features and benefits:
Customisable: Pre-defined configurations to meet specific industry requirements and regional regulations.Expert-led: High-quality live video verification conducted by trained identity verification experts, ensuring accuracy, reliability, and compliance for high levels of assurance.Extensive document coverage: Support for a wide range of documents, facilitating global expansion and inclusivity.Real-time fraud prevention: Advanced fraud detection capabilities, including AI-driven analysis and manual checks, combat evolving fraud tactics and help protect against social engineering fraud, document tampering, projection and deepfakes, especially for high-risk use cases and goods.Verification of high-risk individuals: Reviewing applications from high-risk persons, such as Politically Exposed Persons (PEPs), high-risk countries; or assessing where fraud might be expected with real-time decisions, without alerting suspicion.Bouteloup concluded: “Identity verification is incredibly nuanced; it’s as intricate as we are as human beings. This really compounds the importance of adopting a hybrid approach to identity – capitalising on the dual benefits of advanced technology when combined with human knowledge and awareness of social cues. With bank branches in the UK closing down, especially in the countryside, and interactions becoming more and more digital, our solution offers a means to maintain a human relationship between businesses and their end customers, no matter their age, disability or neurodiversity.   
“VideoIdent Flex is designed from the ground up for organisations that cannot depend on a one-size-fits-all approach to ensuring their customers are who they say they are. In a world where fraud is consistently increasing, our video capability paired with our experts adds a powerful layer of security, especially for those businesses and customers that require a face-to-face interaction.”
About IDnow
IDnow is a leading identity verification platform provider in Europe with a vision to make the connected world a safer place. The IDnow platform provides a broad portfolio of identity verification solutions, ranging from automated to human-assisted from purely online to point-of-sale, each of them optimized for user conversion rates and security.
In 2021, IDnow acquired the French market leader for identity technology, ARIADNEXT, and the German identity Trust Management AG, enabling IDnow to offer its customers one of the broadest identification solutions through a single, integrated platform.
The company has offices in Germany, United Kingdom, and France and is backed by renowned institutional investors, including Corsair Capital and Seventure Partners. Its portfolio of over 900 international clients spans a wide range of industries, and includes leading international players, such as UniCredit, Telefonica, Sixt, Crédit Agricole, BNP, and Munich Re, as well as digital champions like N26, Solarisbank, Younited Credit, BoursoBank, Klarna and Tier mobility.
Press contact IDnowKatherina [email protected]+49 89 41324 6030
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Artificial Intelligence

MYCOM OSI Launches AInsights Availability in AWS Marketplace

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LONDON, April 16, 2024 /PRNewswire/ — MYCOM OSI, a leading independent provider of Network Assurance and Service Experience Assurance solutions to some of the world’s largest communications service providers (CSPs), announced today that AInsights, is now available in AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy software that runs on Amazon Web Services (AWS). 

AInsights application offers predictive AI-based insights, combined with a comprehensive Data Fabric that powers Big Data Lakes with normalized network and service data. This critical enhancement to MYCOM OSI’s EAA suite enables CSPs to continuously predict the performance of their network and services, and to proactively identify and resolve problems before they impact their customers. This is specifically essential for the delivery and the assurance of high reliability and low latency 5G enterprise services.
The MYCOM OSI AInsights application is available as part of its SaaS offering operated on Amazon Web Services (AWS) as well as the CSPs’ hybrid cloud architecture. With this, MYCOM OSI customers and partners will benefit from high scalability and low-error predictive data insights from the network and its services in near real-time. AInsights’ replicable data models can be applied to different network functions for a deeper 360-degree network view. A factory approach using Open APIs enables intelligent data to be consumed seamlessly by any component of the CSP ecosystem.
AWS customers will now have access to AInsights, enabling predictive operations and assurance of CSP networks, directly within AWS Marketplace. This provides AWS customers with the ability to streamline the purchase and management of AInsights application within their AWS Marketplace account. 
“We are delighted to offer AInsights’ unique AI-driven insights to communications service providers to support their growth and transformation plans through AWS Marketplace,” said Mounir Ladki, President and CTO at MYCOM OSI. “With AInsights, CSPs can rapidly move from reactive to predictive assurance and operations of their networks and services. By accessing AInsights in AWS Marketplace, customers can quickly take their first step in achieving benefits of predictive AI-based insights to automate network operations and maximize customer experience.”
AInsights is now generally available in AWS Marketplace. Please visit https://aws.amazon.com/marketplace/pp/prodview-p4ikrghvc24dq for more information.
For information on MYCOM OSI and its Service Assurance offerings please visit www.mycom-osi.com. To arrange a discussion with MYCOM OSI, click here or contact the team at [email protected], +447719820492

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