Digital Therapeutics: DTx
The Digital Therapeutics Alliance defines DTx as products that "deliver evidence-based therapeutic interventions to patients that are driven by high quality software programs to prevent, manage, or treat a medical disorder or disease." The top 10 most funded Digital Therapeutic (DTx) companies have collectively raised over $2B in funding, and digital health M&A is significantly bigger. As of December 2020, the top 20 digital health mergers and acquisitions totaled $50B. Back in 2017 at SXSW, ABC's "Shark Tank" investor Mark Cuban predicted the first person with a Net Worth of over $1T will be working in Artificial Intelligence. "… the world's first trillionaires are going to come from somebody who masters AI and all its derivatives and applies it in ways we never thought of … " Mark Cuban Most of the current digital therapeutics companies are focused on diseases or disorders with a behavioral component that can be leveraged to improve health.
Apr-6-2021, 22:23:15 GMT