Reports & Insights freshly released a new report entitled as "Digital Therapeutics Market: Opportunity Analysis and Future Assessment 2022-2030", in which the base year is considered for the study is 2021, estimated year is 2022, and the forecasted year is considered 2023-2030. The global Digital Therapeutics Market in 2022 is estimated for more than US$ 3.7 Bn and expected to reach a value of US$ $ 22.9 Bn by 2030 with a significant CAGR of 25.8%. The report promises to offer its clients with an absolute across-the-board, premium quality primary data about the market prospects and in-depth knowledge of the trends prevailing in the market. The report further aims to provide a quantitative and qualitative synopsis of the theoretical framework and rational approach of the market expatiate using certified research methodologies and proficient expertise.
The global digital therapeutics market in 2020 is estimated for more than US$ 3.7 Bn and expected to reach a value of US$ 22.9 Bn by 2028 with a significant CAGR of 25.8%.
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Digital Therapeutics Introduction
The digital Therapeutics market includes a couple of segments such as application and end-use. The application segment further divided into six other categories such as diabetes, obesity, CVD, CNS, respiratory, and others. The end-user segment is further divided into patients, caregivers, employers, payers, and pharmaceutical companies.
Furthermore, the study includes market estimation, market forecast, and market information for six geographical regions around the globe. In 2016, in the U.S. diabetes is the seventh major cause of death, which affects around 10% of the U.S. population that is around 30.0 million and around 95% of diabetic patients have type 2 diabetes that is significantly associated with behavioral factors such as heavy calorie intake and less physical activity.
Digital Therapeutics Market Dynamics
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India's infrastructure output expanded by 5.1 percent for the first month of this financial year as against 3.7 percent in April 2009 on account of growth in production of crude oil, petroleum refinery and finished steel, official data showed Friday.
"The global soy flour market size is expected to reach USD 3.7 billion by 2025, expanding at a CAGR of 3.5% over the forecast period. Increasing demand for gluten-free and high nutritional value flour in the food industry is propelling the demand for soy based flour. In addition, growing vegan population is one of the key factors boosting the demand for the product as it is the best meat substitute available in the market. These factors are anticipated to ensure the significant growth of the market over the forecast period.
Consumers are shifting their preferences towards healthy and nutritious foods due to increasing health consciousness. Soy based flour is rich in isoflavones, omega-3 fatty acids, protein, vitamins, calcium, fiber, and iron. High nutritional value, along with gluten-free property, makes the product perfect as a nutritious food and meat substitute. In order to cater to this growing demand for meat substitute as well as baked and functional goods, major manufacturers are adopting strategies including mergers and acquisitions as well as new product launches."
"The global kitchen sinks market size is expected to reach USD 3.1 billion by 2025, expanding at a CAGR of 3.7%. Surge in the number of households in various countries, increasing hotels and restaurants across the globe, and rising disposable income are some of the prominent factors for the growth of this market.
Metallic sink is the most preferred material type and it accounted for 52.4% share of the overall revenue in 2018. They are available in various metals such as stainless steel, cast iron, and copper. Stainless steel sink is the most famous one owing to its characteristics such as corrosion resistance, fire and heat resistance, hygiene, strength to weight advantage, ease of fabrication, impact resistance, antibacterial value, and long-term value. Moreover, availability of metallic sinks in a variety of installation types, including under mount and top mount, is driving the segment."
"The global coffee machine market size is anticipated to reach USD 7.59 billion by 2025 registering a CAGR of 3.7%. Rising coffee consumption in Asian countries is one of the key factors driving the product demand. In addition, introduction of new products, such as green and organic coffee, is expected to result in increased demand for coffee, thereby contributing to the market growth. Coffee is a rich source of essential proteins as well as anti-oxidants, which can help prevent diseases including diabetes, Alzheimer's, and liver cancer."
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The global Smart Water Metering market is expected to grow at a CAGR of 11.6% during the forecast period, from an estimated USD 3.7 billion in 2022 to USD 6.4 billion in 2027. Globally, water utilities are considering technological innovations in water metering infrastructure to improve their operational efficiency. According to a UN report, 66% of the world's population will be living in urban areas by 2050. This creates a scenario of a large population with no or poor access to water infrastructure. Countries are facing the constant issue of water loss and wastage. governments are facing challenges in terms of developing sustainable infrastructure. Increasing breaches in access to water supply and sanitation, more water-intensive patterns of growth, growing populations, and water pollution are leading to increasing investments in the smart water metering infrastructure.
The 3D cell culture market is estimated to reach at a value of US$ 1.8 Bn by the end of 2022 and expected to reach at a value of US$ 3.7 Bn by 2030 with a significant CAGR of 9.6%.
Smart Water Metering Market is projected to grow from USD 3.7 billion in 2022 to USD 6.4 billion by 2027, at a CAGR of 11.6% according to a new report by MarketsandMarkets™. The rising urban population is creating opportunities for the development of smart cities, which ultimately is driving the demand for smart water metering infrastructure development on a larger scale.
The global blower market is projected to reach USD 4.6 billion by 2028 from an estimated USD 3.7 billion in 2023, at a CAGR of 4.8% during the forecast period. The market for blowers is propelled by factors such as rising industrialization, stringent environmental norms mandating efficient air and gas handling, and a surge in infrastructure projects. These dynamics foster increased demand for blowers, driving market growth.
Some key trends in such technological advancement and increasing efficient and effective demand for blowers would drive the market with the increasing need across industries such as wastewater treatment, food and beverage, cement, and others.