France Digital Therapeutics Market Analysis

France Digital Therapeutics Market Analysis


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France Digital Therapeutics Market is at around $0.17 Bn in 2023 and is projected to reach $0.9 Bn in 2030, exhibiting a CAGR of 26.2% during the forecast period. The market's expansion is being driven by government initiatives and policies, technological advancements, and an aging population. The market is dominated by key players like Mindmaze, Theravance, Voluntis, Omada Health Inc., 2Morrow Inc., Livongo Health Inc., WellDoc, Propeller Health, Canary Health, Noom Inc., Akili Interactive Labs Inc., and HYGIEIA.

ID: IN10FRDH006 CATEGORY: Digital Health GEOGRAPHY: France AUTHOR: Aneri Parekh

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France Digital Therapeutics Market Executive Summary

France Digital Therapeutics Market is at around $0.17 Bn in 2023 and is projected to reach $0.9 Bn in 2030, exhibiting a CAGR of 26.2% during the forecast period.

The French market for digital therapeutics is a quickly expanding area of the healthcare industry that uses digital technologies to provide evidence-based treatment solutions. This market includes a wide range of digital solutions for managing and treating different medical diseases, such as wearable technology, software, and mobile apps. The French Digital Therapeutics Market illustrates the nation's dedication to promoting cutting-edge healthcare solutions in the digital era, with an emphasis on utilizing technology to improve patient outcomes and lower healthcare costs.

The market for digital therapeutics in France is expanding rapidly, mostly due to the growing utilization of digital health solutions. The growing incidence of chronic illnesses and government programs encouraging healthcare digitization fuel market growth. Major players are actively forming alliances and working together to expand their market share and satisfy the rising need for cutting-edge digital therapy solutions.

The global market for digital therapeutics has shown phenomenal growth, with revenue of $6.2 Bn in 2023. The notable growth observed in this sector is indicative of the profound transformation brought about by the application of advanced technology and cost-effective production methods. Digital treatments are becoming more and more important in the healthcare system as a result. The market's current trend suggests that more changes could occur, and it is anticipated that continuing innovations will support the industry's continued expansion.

MindMaze is a prominent participant in the worldwide digital therapies industry, with a particular emphasis on France. To provide its digital neurotherapeutics solutions to patients in France, MindMaze has worked with prominent French institutions like as Swiss Rehabilitation and Guttmann Barcelona. These collaborations give access to clinical knowledge and distribution networks. The emphasis MindMaze places on neurorehabilitation and neurorestoration is in line with the aging population of France and the growing need for cutting-edge therapies for neurological diseases such as multiple sclerosis, Parkinson's disease, and stroke. The company now has the means for additional growth and French commercialization owing to a recent $125 Mn fundraising round.

France digital therapeutics market

Market Dynamics

Market Growth Drivers:

Technological Developments: The creation of increasingly complex and individualized digital therapies is facilitated by continuous technological breakthroughs, particularly in fields like wearable technology, machine learning, and artificial intelligence.

Government programs and Policies: The market is expanding with supportive government policies and programs that encourage the adoption of digital health solutions, such as digital therapies.

Growing Aging Population: As people age, they become more vulnerable to long-term illnesses, which expands the target market for digital therapies. Elderly people are especially in need of remote monitoring and management of their health issues.

Market Restraints:

Regulatory obstacles include strict procedures and a lack of assurance regarding health authorities' approval of digital therapies, which can stifle industry expansion.

Reimbursement Issues: Patients and healthcare providers may be discouraged from implementing digital treatments due to unclear or restricted reimbursement policies.

Concerns about Data Security and Privacy: Concerns over patient privacy and security may pose a serious barrier to the widespread use of digital therapies, given the sensitive nature of health data.

Healthcare Policies and Regulatory Landscape

Agence nationale de sécurité du médicament et des produits de santé (ANSM) is run by the Ministry of Health. On behalf of the French government, it guarantees the security of medical supplies and gives access to state-of-the-art therapies. ANSM inspectors are authorized to conduct audits and inspections to ensure compliance with relevant laws and regulations, as well as to apply various enforcement actions. A more complex centralized approvals process that necessitates compliance with both national and EU regulatory criteria is made possible by the European Medicines Agency (EMA) cooperation. The negotiation of payment after approval adds to the overall intricacy of the French approval procedure.

Competitive Landscape             

Key Players:

  • Mindmaze
  • Theravance
  • Voluntis
  • Omada Health Inc.
  • 2Morrow Inc.
  • Livongo Health Inc.
  • WellDoc
  • Propeller Health
  • Canary Health
  • Noom Inc.
  • Akili Interactive Labs Inc.
  • HYGIEIA

1. Executive Summary
1.1 Digital Health Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Digital Health Policy in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

France Digital Therapeutics Market Segmentation

By Solution

  • Software
  • Services

By Deployment

  • Cloud-based
  • On-premises

By Application

  • Therapy
  • Diabetes
  • Obesity
  • CNS
  • Respiratory
  • CVD

By End-use

  • Diagnostic Centres
  • Healthcare Players
  • Healthcare Research Centres
  • Hospitals & Clinics
  • Nursing Care Centres
  • Others

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

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Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

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We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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Last updated on: 15 February 2024
Updated by: Vidhi Upadhyay

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