As pandemic anxiety and depression continue to harm people's mental health, digital therapeutics is more important than ever before. This, combined with the $18.5 billion Teladoc-Livongo merger, has heated up competition in the virtual care space and catapulted the global DTx market to reach $56 billion over the next five years.What is Digital Therapeutics?
Over the next five years, there will likely be an uptick in merger and acquisition activity and closures among DTx companies. Pharmaceutical companies will likely also become active acquirers of DTx providers, and large M&As are a key sign of market maturity and future growth. The FDA has been paving the way for swift DTx developmentâempowering DTx vendors to launch their platforms quicker than ever before. In April, the FDA loosened regulations surrounding approval of digital mental health tools to hasten their time to market.The Teladoc-Livongo megamerger put a spotlight on the power of digital therapies and the virtual care market. As a result, other telehealth players are eyeing DTx platforms to enhance the value of their services.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
7 digital advertising companies most likely to IPO in 2021 - Business InsiderBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Top 10 emerging banking industry trends to watch in 2021 - Business InsiderBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. Accenture Investing today will save you the stress of financial crisis tomorrow.. Live the kind of life you want today by investing and trading Bitcoin option. Trade with a professional trader and start making good profits today. lisaMakT for transparency and trust. Accenture And of course some are already becoming dated with regulatory appointments in the US and high profile moves on ESG in Europe. Hopefully a good snapshot of a rapidly changing industry Accenture
Source: BusinessInsider - 🏆 729. / 51 Read more »