The global market for Digital
Therapeutics (DTx) is projected to reach US$1.0 billion by 2025 driven by strong
adoption of digital platforms like smartphones, apps, electronic wearables,
mobile internet; growing focus on value based care; and rising venture capital
investments in digital health based business models. DTx involves the use of online
technology platforms such as mHealth tools; medical sensors; electronic medical
wearables; artificial intelligence (IT); telehealth & wireless
communication platforms; smartphones, apps and mobile internet, to offer medical
care. The goal of DTx is to induce behavioral and lifestyle changes that
positively influence disease treatment outcomes. Benefits of digital therapeutics
driving its importance in the healthcare industry include the promise of overcoming
the limitation of current primary care by providing timely and proactive care,
reducing the risk of disease progression and lowering the burden on emergency
care; enables continuous remote patient monitoring; provides social support and
guidance; enables implementation of preventive healthcare; ensures patient
empowerment as it encourages treatment plans based on self-reported data like
diet and other lifestyle factors; greater accountability of care givers; continued
support in between doctor visits; and improved treatment outcome. Healthcare
reforms and the ensuing migration to value based care will provide the Launchpad
for increased acceptance, adoption and proliferation of DTx, as the technology
has the potential to reduce healthcare costs while simultaneously increase efficiency.
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The Global Market for Big Data Technologies and Services is Projected to Reach $60 Billion by 2022
GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Big Data market. The global market for Big Data Technologies and Services is projected to reach $60 billion by 2022 , driven by soaring digital data volumes in organizations and the resulting need to turn this data into valuable insights for enhancing operational efficiency, tapping new opportunities and gaining competitive edge. Defined as a natural result of mankind’s obsession with information technology and digitalization, “Big Data” refers to extremely large sets of structured, semi-structured and unstructured data of different types, including text, audio or video, generated from diverse data sources that has the potential to be mined for required information. While data supply associated with big data ecosystem has always been large and voluminous in most organizations, the ability to use these large datasets and convert them into meaningf
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