The healthcare sector has witnessed the emergence of software applications, devices, and cloud-based data platforms—all these tech-driven devices facilitate precise treatment inside and outside the hospitals. Digital therapeutics has recently entered into the healthcare sector with a promising approach to managing, preventing, and treating diseases using evidence-based systems. These solutions employ real-time data collection and monitoring through software and technology that help healthcare providers tailor the prescription to treat patients.
Today, digital therapeutics enable the treatment of physical health, mental health conditions, and drug abuse. Besides treatment, digital therapeutics also help in the development of drugs and personalized treatment solutions, thereby enhancing remote access to patients and healthcare providers. Owing to its significance, digital therapeutics companies are offering advanced digital solutions that facilitate the treatment of patients suffering from chronic diseases. Due to the increasing demand for digital therapeutics, it is anticipated that the digital therapeutics market will expand at a CAGR of 20% .
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What is Digital Therapeutics?
Digital therapeutics is an evidence-based therapeutics driven by software systems to treat, manage and prevent diseases. Unlike regular therapeutic drugs, digital therapeutics employ clinically validated technologies to capture patients’ health data in real time and provide personalized treatment. A wide array of disorders, including obesity, Type 2 diabetes, depression, anxiety, and congestive heart failure, can be treated with digital therapeutics. The tech-driven approach enables remote monitoring and breaking the stigmas to provide treatment to the patients for a better life.
Typically, digital therapeutics leverage machine learning, artificial intelligence, and natural language processing technology to facilitate the data about patient health and function as:
- Digital therapeutics serve as a source of data collection about patient health for diagnosing and treatment purposes.
- Digital therapeutics function as preventative care for patients with chronic diseases such as diabetes. The data fetched from the digital therapeutics helps in deciding preventative care for the patient.
- It serves as a digital monitor and tracking software aiming to improve the health condition with an appropriate treatment plan. For instance, digital monitors allow recording of blood pressure and oxygen.
- Digital therapeutics work as a standalone treatment and in combination with traditional therapies to cure patients from disease.
What are The Advantages of Digital Therapeutics?
Digital therapeutics have shown significant potential to treat patients. With its capabilities of real-time tracking, data collection, and precision, healthcare experts can provide a customized treatment plan to manage diseases. In addition to real-time tracking, digital therapeutics has several advantages to patients, healthcare, and distributors, including:
- Personalized Care: It is possible to design a personalized treatment plan in remote areas and enhance treatment effectiveness. Moreover, patients can leverage digital therapeutics solutions to manage their disease remotely using smart technology.
- Remote Monitoring: It provides an opportunity for healthcare providers to treat patients remotely in real time. Real-time data analysis and precise remote patient monitoring reduce the requirement of visiting hospitals to manage diseases. It also reduces the burden on healthcare providers by allowing remote monitoring.
- Mitigate Demand for Drugs: Digital therapeutics also helps to keep a track record of demanding drugs nationwide. More often, it allows distributors to monitor potential therapeutic drugs that are in great demand on the basis of patient records so they can manage the drug distribution chain more efficiently.
- Minimize the Cost: Digital therapeutics reduces the cost required to provide health services in remote settings. It also helps to enhance the patient experience and improve health outcomes. Digital devices such as wearable gadgets allow recording data such as heart rate, blood pressure, and more, allowing patients to receive appropriate treatment before conditions become worse.
Digital Therapeutics and Telehealth: How They Are Interconnected
Digital therapeutics and Telehealth are both tech-driven healthcare services for the treatment of patients in remote settings. However, Telehealth is a form of channel that connects patients with healthcare providers for the right treatment. On the other hand, digital therapeutics employ software and hardware systems to offer data-based therapy for the patient, targeting physical, mental, and behavioral conditions. To put it simply, Telehealth is a crucial part of digital therapeutics to connect with patients, and digital therapeutics offer treatment. In addition, patients can use digital therapeutics or software applications that help to provide the following:
- Digital therapeutics companies provide customized software applications that enable patients to receive first aid instructions, such as insomnia, anxiety and drug abuse.
- Digital therapeutics can augment regular drug intake prescribed by doctors.
- Digital therapeutics also promote behavioral change through motivational stimulation. For instance, cognitive behavioral therapeutics for patients suffering from mental disorders.
- Digital therapeutics allows the collection of patient data that helps clinicians create a personalized treatment plan for the patients.
Examples of Approved Digital Therapeutics by the FDA
Digital therapeutics have shown promising results in the treatment, management and prevention of diseases including depression, hyperactivity, chronic insomnia and more. Some of the approved digital therapeutics by the FDA are as follows:
Company
Digital Therapeutics
Approval Indications
SubType
Year of Approval
Limbix
SparkRx®
Depression in adolescents
Mobile App
2021
Akili Interactive
EndeavorRx®
Attention-deficit hyperactivity disorder
Video game
2020
Pear Therapeutics
Somryst® (SHUTi)
Chronic insomnia
Mobile App
2020
NightWare
NightWare™
PTSD, Insomnia
Device, Algorithm
2020
Orexo, GAIA AG
Deprexis®
Psychosis, depression
Web application
2020
Orexo
Vorvida®
Substance use disorder, alcohol use
Web App
2020
Theranica
Nerivio®
Migraine
Mobile app, device, algorithm
2020
Pear Therapeutics
ReSET™, ReSET-O™
Substance use disorder, opioid-use
Mobile app
2018
Digital Therapeutics: A Visionary Approach to Future Healthcare
The digital therapeutic industry continues to evolve with an approach to delivering premium solutions to tackle the increasing risk of diseases. The FDA has approved digital therapeutics for the treatment of diseases such as substance use disorder, pain management, neurological disorders, and chronic conditions. The increasing awareness about digital therapeutics and their significance has raised the interest of digital therapeutic companies to develop more solutions. In the future, companies may look forward to integrating artificial intelligence and follow a combinational approach that combines digital therapeutics, digital medicines, and Telehealth to deliver optimal treatment anywhere and anytime.
About Roots Analysis
Roots Analysis is a global leader in the pharma / biotech market research. Having worked with over 750 clients worldwide, including Fortune 500 companies, start-ups, academia, venture capitalists and strategic investors for more than a decade, we offer a highly analytical / data-driven perspective to a network of over 450,000 senior industry stakeholders looking for credible market insights. All reports provided by us are structured in a way that enables the reader to develop a thorough perspective on the given subject. Apart from writing reports on identified areas, we provide bespoke research / consulting services dedicated to serve our clients in the best possible way.