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Increasing focus on personalized healthcare and rapid acceptance of digital health solutions are key factors driving market revenue growth

VANCOUVER, BC, CANADA, May 25, 2023 /EINPresswire.com/ -- According to Emergen Rsearch latest report, titled “Digital Insomnia Therapeutic Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2032”, the global Digital Insomnia Therapeutic market is expected to exhibit a CAGR of 6.2%. Rapid technological advancements and significant investments in increasing remote monitoring capabilities are major factors driving market revenue growth. Digital technologies, such as mobile applications, wearable devices, and others, have enabled the development and delivery of innovative digital insomnia therapeutics. These technological advancements offer convenient and accessible solutions for individuals seeking to manage their sleep disorders.

In addition, rising focus on personalized healthcare is another key factor driving revenue growth of the market. Digital insomnia therapeutics can provide personalized interventions tailored to individual needs. Moreover, , these interventions can adapt to user’s specific sleep patterns, preferences, and progress by leveraging data analytics, Machine Learning (ML), and Artificial Intelligence (AI). However, regulatory challenges and limited evidence and validation are key factors, which could restrain market revenue growth. Digital therapeutics often encounter regulatory challenges related to approval, validation, and reimbursement.

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The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.

Key Players Profiled in the Report are:

Headspace Inc., Big Health, Calm, Nox Health, Pear Therapeutics Inc., OPTT Inc., SilverCloud, Curv Health, Bodymatter, Inc., and PrimeNap.

Some Key Highlights From the Report

The healthcare providers and clinics segment accounted for largest revenue share in the global digital insomnia therapeutic market in 2022. This is due to increasing focus on providing education and guidance and significant investments in recommending digital insomnia applications. Healthcare providers, such as primary care physicians, sleep specialists, or mental health professionals, can recommend specific digital insomnia applications to their patients. Healthcare providers can suggest appropriate applications that align with evidence-based practices, such as Cognitive-Behavioral Therapy (CBT-I) for insomnia or relaxation techniques, based on patient’s individual needs and preferences.

The relaxation and meditation apps segment is expected to register steadily fast revenue growth rate in the global digital insomnia therapeutic market during the forecast period. This is due to increasing focus on mindfulness practices and sleep-focused guided mediations. Some relaxation apps offer guided meditations designed specifically for sleep. These guided sessions typically concentrate on techniques for body relaxation, breath awareness, and visualization that promote a peaceful and tranquil state conducive to sleep. These can help people relax and create a mental and physical environment conducive to sleep onset.

The Europe market accounted for third-largest revenue share in the global digital insomnia therapeutic market in 2022. This is due to increasing number of digital health initiatives and rising startups and innovation hubs. For instance, European countries have been implementing digital health strategies and initiatives to promote the use of digital technologies in healthcare, including sleep-related conditions. These initiatives aim to support innovation, collaboration, and integration of digital solutions into healthcare systems.

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Market Dynamics:

The report offers insightful information about the market dynamics of the Digital Insomnia Therapeutic market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Digital Insomnia Therapeutic market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Digital Insomnia Therapeutic market.

Emergen Research has segmented the global digital insomnia therapeutic market on the basis of distribution channel, type, and region:

Distribution Channel Outlook (Revenue, USD Million; 2019-2032)

Mobile App Stores

Healthcare Providers and Clinics

Other Distribution Channels

Type Outlook (Revenue, USD Million; 2019-2032)

Sleep Tracking Apps

Relaxation and Meditation Apps

CBT-I

Wearable Devices

Others

Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Digital Insomnia Therapeutic market expected to boost the growth of the industry in the coming years.

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Radical Highlights of the Digital Insomnia Therapeutic Market Report:

Comprehensive overview of the Digital Insomnia Therapeutic market along with analysis of the changing dynamics of the market

Growth Assessment of various market segments throughout the forecast period

Regional and global analysis of the market players, including their market share and global position

Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market

Impact of the technological developments and R&D advancements on the Digital Insomnia Therapeutic market

Information about profit-making strategies and developmental strategies of major companies and manufacturers

Insightful information for the new entrants willing to enter the market

Details and insights about business expansion strategies, product launches, and other collaborations

The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis

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