The neurology digital therapeutics market, which focuses on leveraging information and communication technology to manage and prevent neurological conditions, is set for substantial growth. According to recent research by Future Market Insights (FMI), the market is anticipated to experience a remarkable 9.0% compound annual growth rate (CAGR) during the forecast period from 2021 to 2031.
This anticipated growth reflects the significant advancements in technology within the healthcare sector. As digital therapeutics evolve, their ability to offer innovative solutions for neurological disorders is becoming increasingly evident. These advancements are expected to drive a surge in demand for neurology digital therapeutics, as they offer new opportunities for effective management and prevention of conditions such as epilepsy, Parkinson’s disease, and multiple sclerosis.
The rise in demand for neurology digital therapeutics is a testament to the growing recognition of the potential benefits that technology can bring to healthcare. Enhanced digital tools and platforms are enabling more personalized and efficient treatment options, making a notable impact on patient outcomes and overall care.
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Industry experts believe that this growth will lead to significant improvements in the management of neurological conditions, providing new opportunities for healthcare providers and patients alike. As the healthcare landscape continues to evolve, neurology digital therapeutics is set to play a crucial role in shaping the future of medical treatment.
Addressing Blood Flow Issues: Intravascular Embolization Systems Offer Minimally Invasive Solutions
The global intravascular embolization systems market is experiencing growth, fueled by the increasing adoption of minimally invasive procedures for treating various vascular conditions. Intravascular embolization is a technique used to block abnormal blood flow within vessels by deploying coils, plugs, or balloons. This approach offers a less invasive alternative to traditional open surgery for conditions like bleeding, vascular malformations, and tumors.
East Asia Emerging as a Growth Hub
The intravascular embolization systems market is expected to witness significant growth in East Asia. This region is experiencing a surge in healthcare standards, with developing countries like Japan and China investing heavily in advanced medical technologies. This, coupled with a growing aging population at risk for vascular ailments, is creating a strong demand for minimally invasive treatment options like intravascular embolization.
Key Takeaways:
- The global intravascular embolization systems market is expected to reach US$5,861.41 million by 2032, reflecting a rise from US$2,920.44 million in 2022.
- This growth is projected at a steady compound annual growth rate (CAGR) of 7.2% throughout the forecast period.
- The rising demand in East Asia, driven by advancements in healthcare infrastructure, is a key driver for market expansion.
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The key players of neurology digital therapeutics include:
- Livongo Health
- Noom
- Omada Health
- Pear Therapeutics
- WellDoc
- Proteus Digital Health
- Propeller Health
- Akili Interactive Labs
- Mango Health
- Better Therapeutics
- Happify
- Kaia Health
- Click Therapeutics and others.
They follow certain strategies to survive in the market like a product launch, product approval, patent gaining, expansion, acquisition and merger. For instance, in October 2021, Pear Therapeutics announced about continuing the expansion of intellectual property portfolio for prescription digital therapeutics.
Key Segments:
By Product Type:
- Software
- Devices
By Indication:
- Diabetes
- Obesity
- Cardiovascular Disease (CVD)
- Central Nervous System (CNS) Disease
- Respiratory Disease
- Others
By End User:
- Hospital
- Clinics
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- MEA
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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