CNS Digital Therapies Market Expected to Grow at a CAGR of 31.6%


Pune, April 19, 2022 (GLOBE NEWSWIRE) — The CNS Digital Therapies Market is driven by the increasing prevalence of neurological disorders, the growing geriatric population which in turn increases the prevalence of diseases that are more related to old age. In addition, digital therapy is comparatively cheaper than that of conventional treatment for a particular disease, along with the fact that digital therapy can be customized according to patients’ needs and can be available 24/7. /7 for patients are the factors playing a pivotal role in driving the growth of digital CNS therapies. However, the risk of cyber threats and lack of awareness of digital therapies is a major restraint to the growth of the market.

The digital CNS therapies market is estimated to be worth over US$1.4 billion in 2022. It is expected to grow at a CAGR of 31.6% from 2022 to 2030.

CNS Digital Therapy Market by Region

The CNS digital therapies market can be segmented into North America, Europe, Asia-Pacific, and Rest of the World (ROW). North America led the digital CNS therapies market, followed by Europe and Asia-Pacific. North America will continue to dominate the market over the forecast period owing to factors such as increasing incidence of chronic diseases, increasing investment in R&D of digital CNS therapeutic devices through the government funding and the growing awareness of digital therapies in this region. Additionally, faster FDA approval for CNS digital therapeutic devices is expected to boost the market growth in this region. Asia-Pacific market is expected to grow at a higher CAGR owing to factors such as rise in rising incidence of chronic diseases, rise in government funding for healthcare infrastructure development. Additionally, the growing economy in this region along with growing markets are also expected to propel the growth of the CNS digital therapies market in this region.

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  1. COMPANY PROFILES (Company Overview, Product Offered, Financial Performance*, Recent Developments)*
    1. Therapeutic Pear, Inc.
    2. Dthera Sciences
    3. Akili Interactive Labs, Inc.
    4. Epicadence
    6. cognoa
    7. GAIA S.A.
    8. MindSciences
    9. brainmarc
    10. MedRhythms

Supplier evaluation

The vendor assessment includes an in-depth analysis of how the vendors meet the demand in the CNS Digital Therapy market. The MDC CompetetiveScape model was used to assess the qualitative and quantitative information for this assessment. MDC’s CompetitiveScape is a structured method for identifying key players and describing their strengths, relevant characteristics and outreach strategy. MDC’s CompetitiveScape enables organizations to analyze the environmental factors that influence their business, set goals and identify new marketing strategies. MDC Research analysts conduct in-depth investigation into solutions, services, programs, marketing, organization size, geographic focus, organization type, and vendor strategies.

Technology Assessment

Technology has a huge impact on business productivity, growth and efficiency. Technologies can help companies develop competitive advantages, but choosing them can be one of the most demanding decisions for companies. Technology assessment helps organizations understand their current technology situation and offers them a roadmap towards which they might want to evolve and grow their business. A well-defined process for evaluating and selecting technology solutions can help organizations reduce risk, achieve their goals, identify the problem, and fix it the right way. Technology assessment can help companies identify which technologies to invest in, meet industry standards, and compete with competitors.

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Business ecosystem analysis

Advances in technology and digitalization have changed the way companies do business; the business ecosystem concept helps companies understand how to thrive in this changing environment. Business ecosystems offer organizations the opportunity to integrate technology into their day-to-day business operations and improve their research and business skills. The business ecosystem comprises a network of interconnected businesses that compete and cooperate to increase sales, improve profitability, and succeed in their markets. An ecosystem analysis is a business network analysis that includes the relationships between suppliers, distributors, and end users in the delivery of a product or service.

Regions and countries covered

North America (US, Canada), Europe (Germany, UK, France, Spain, Italy and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, Rest of Asia- Pacific) and Rest of the World (Row)

Report cover

Digital CNS Therapy Market Dynamics, Impact of Covid-19 on the Digital CNS Therapy Market, Vendor Profiles, Vendor Assessment, Strategies, Technology Assessment, Product Mapping, Industry Outlook, Economic analysis, segmental analysis, Digital CNS Therapy market sizing, analysis charts

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Supplier Profiles Covered

All major Tier 1, 2 and 3 companies are covered in this CNS Digital Therapy Market Report (25 Vendor Profiles)

Key questions answered by this report

  • What is the potential of the CNS Digital Therapeutics market?
  • What is the impact of COVID-19 on the Global CNS Digital Therapeutics Market?
  • What are the key strategies adopted by companies in the Digital CNS Therapeutics market?
  • What are the challenges faced by SMEs and major vendors in the CNS Digital Therapy Market?
  • Which region has the highest investments in the CNS Digital Therapeutics Market?
  • What is the latest research and activity within the CNS Digital Therapeutics Market?
  • Who are the key players in the Digital CNS Therapeutics market?
  • What is the potential of the CNS Digital Therapeutics market?

Analyzes of current and future trends

Keeping up with the latest trends is a great way to attract more customers. When it comes to trends, stakeholders see what’s on the surface. MDC researchers continuously monitor a given market to identify and track emerging trends. These reports are updated regularly so stakeholders can take advantage of the latest trends and generate revenue.

Deep understanding of the industry

Industry analysis allows a company to understand its position relative to other companies in the industry. This can help them identify potential opportunities and threats, so they can prepare for the present and the future. MDC Research helps organizations understand what is happening in a given industry, including supply and demand statistics, degree of competition, state of competition with other emerging industries, market outlook, future given technological changes and factors external to the industry.

Targeted regional/country assessment

Demographic analysis is a crucial part of any market growth study. The MDC Research team assesses each region and country and examines the key points that have a significant impact on the growth of a market.

The impact of COVID-19 on the current and future market

MDC Research is closely monitoring the global outbreak of a novel strain of coronavirus (COVID-19) and its impact across the entire value chain. In order to provide optimal service to our stakeholders, MDC has assembled a team to assess developments, restructure information as needed and ensure information is timely and relevant.

Analyze government policies/initiatives/regulations

Many sectors of the business world have long criticized government regulations as irrational obstacles to profits, economic efficiency and job creation. MDC research analysis of government policies, initiatives, and regulations helps stakeholders achieve regulatory compliance and benefit from government initiatives in the respective industry.

Competitive Benchmarking

Today’s competitive benchmarking is an opportunity to analyze the performance of a company’s competitors and consider their strengths and weaknesses in relation to your own company’s performance. MDC’s research professionals help our stakeholders track competitors, identify areas for improvement, increase profits, and design better go-to-market strategies.

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