Digital Therapeutics (DTx) are defined as software-driven therapeutics that leverage mobile, internet, and sensor technologies to prevent, manage, and treat medical disorders and diseases.
A DTx product must consist of three components: a mobile, tablet or web-based application; a user interface that delivers a digital therapeutic intervention; and an evidence-based clinical strategy for disease management.
The digital therapeutics market is expected to grow at an impressive CAGR and reach $9 billion by 2025. This growth will be fueled by the rising number of smartphone users, growing awareness about digital therapies and increasing support from governments and payers.
Digital therapeutics have been used to treat a range of ailments from chronic pain to mental health conditions. In addition, the use of digital therapeutics in the treatment of non-communicable diseases such as hypertension, diabetes and obesity is likely to further fuel their adoption in the coming years.
The idea is simple, but the results are tremendous.
By monitoring how often a patient is using the inhaler, the app can help them spot trends and know when they might need to go to see a doctor or take other action.
It can also help their healthcare provider work out which medication works best for them and when they should be using it.
It’s even possible for the app to monitor air quality in different areas and warn patients about potential triggers before they leave the house.
This means patients can avoid getting ill in the first place and make sure they stay healthy.
Why did you decide to get involved with this new industry?
Digital therapeutics is an emerging field. It’s something that’s been brewing in the background for a while, but now there is enough evidence to prove it works. It’s the next generation of medicine. I love when things come together like that where you can put all those things together into one offering.
How does digital therapeutics work with traditional medicine?
We have noticed that doctors don’t always like change, but when we show them the data, then their interest spikes. For example, one of our customers is an HMO in North