Germany Digital Therapeutics Market Analysis

Germany Digital Therapeutics Market Analysis


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Germany Digital Therapeutics Market is at around $0.23 Bn in 2023 and is projected to reach $1.12 Bn in 2030, exhibiting a CAGR of 25.4% during the forecast period. The market is being driven by an increase in chronic diseases, an aging population, and government initiatives. The market is dominated by key players like GAIA AG, Limbix Health, Omada Health Inc., 2Morrow Inc., Livongo Health Inc., WellDoc, Propeller Health, Canary Health, Noom Inc., Akili Interactive Labs Inc., and HYGIEIA.

ID: IN10DEDH006 CATEGORY: Digital Health GEOGRAPHY: Germany AUTHOR: Aneri Parekh

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Germany Digital Therapeutics Market Executive Summary

Germany Digital Therapeutics Market is at around $0.23 Bn in 2023 and is projected to reach $1.12 Bn in 2030, exhibiting a CAGR of 25.4% during the forecast period.

Using digital technologies including software, connected devices, and mobile apps to treat medical issues is a quickly changing scenario in Germany's digital therapeutics market. This market includes cutting-edge products and services that offer evidence-based treatment interventions, frequently substituting or supplementing conventional pharmaceutical methods. The Digital Therapeutics Market in Germany is a crucial area at the nexus of healthcare and technology, with an increasing focus on customized healthcare and improvements in digital health technologies.

The growing use of digital health solutions is fueling the substantial expansion of the German digital therapeutics market. Growing awareness of the advantages of digital therapies in enhancing healthcare outcomes, a supportive regulatory environment, and the increasing frequency of chronic diseases are important contributing factors. Industry participants are proactively participating in joint ventures and alliances to augment their merchandise portfolios and broaden their reach within the German healthcare domain.

Digital therapies have had remarkable growth on a global scale, with revenue of $6.2 Bn in 2023. The remarkable expansion witnessed in this industry is a reflection of the significant revolution resulting from the utilization of cutting-edge technology and economical production techniques. As a result, the role of digital treatments in the healthcare system is growing. The current trend in the market indicates that additional changes may be on the horizon, and it is expected that further advancements will facilitate the industry's continuous growth.

By fusing scientific, technological, and therapeutic knowledge, GAIA AG is a significant player in the German and international digital therapies markets. It works with well-known partners like academic institutions, drug manufacturers like Pfizer and Merck, and health insurance companies like AOK and DAK. Digital therapies have a favorable environment in Germany.

Germany digital therapeutics market

Market Dynamics

Market Growth Drivers:

Growing Chronic Illnesses: In Germany, the frequency of chronic illnesses including diabetes, heart disease, and mental health issues is rising. For the management and treatment of various disorders, digital therapies provide a scalable and non-invasive method.

Population Aging: The elderly in Germany frequently need ongoing healthcare management due to the country's aging population. Remote monitoring, individualized treatment plans, and prompt interventions are all made possible by digital therapeutics.

Government Initiatives: Regulatory frameworks and government backing have a big impact on how quickly digital therapeutics expand.

Market Restraints:

Healthcare Professional Adoption: One major barrier to the widespread use of digital therapeutics in healthcare could be reluctance among healthcare professionals to do so. It might be essential for healthcare professionals to receive education and training before they can prescribe or suggest digital treatments.

Integration Difficulties: Digital therapies can be difficult to integrate into current workflows and healthcare systems. The deployment of electronic health records (EHRs) and other healthcare IT infrastructure may be slowed down by compatibility difficulties.

Patient Engagement: Maintaining patient involvement is essential to the efficacy of digital therapies. The anticipated health outcomes might not materialize if patients do not actively use or follow recommended digital interventions.

Healthcare Policies and Regulatory Landscape

Pharmaceutical approvals are governed by the Bundesinstitut für Arzneimittel und Medizinprodukte (BfArM), a German regulatory organization. Before a product is put on the German market, clinical investigations are carried out and authorized by the appropriate federal higher authority. The lengthy inspections and strict regulatory criteria in Germany make it difficult to get approval. The requirement for extensive clinical trial data and rigorous examinations of safety, efficacy, and quality are among the complicating factors.

Competitive Landscape             

Key Players:

  • GAIA AG
  • Limbix Health
  • 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

Germany 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

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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.

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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.

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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.

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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: Dhruv Joshi

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