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Exec Summary: The future of mentalhealth chatbots is likely to be one of cautious optimism. The ultimate goal should be to leverage these tools responsibly and ethically to complement, not replace, human connection and professional mentalhealth care.
Pear's decline followed in Proteus DigitalHealth's footsteps after the company filed for bankruptcy in June 2020 having raised over $500 million in funding, a massive $1.5 According to a report by Grand View Research, the global Digital Therapeutics market size was valued at USD 2.2 from 2021 to 2028. billion by 2028.
Research has been mounting in support of prescribing psychedelic medications to treat various mentalhealth and substance use disorders, including treatment-resistant depression, panic disorder, post-traumatic stress disorder, insomnia, traumatic brain injury, and opioid addiction. billion by 2028.
Focus on Preventative Care: Digital MSK solutions can move beyond treating existing conditions to preventing injuries through personalized assessments, strengthening exercises, and promoting healthy posture and movement patterns. Integration with MentalHealth Care: There's a strong link between chronic pain and mentalhealth.
In 2021, Apple partnered with Johnson & Johnson to develop a new digitalhealth platform for managing chronic diseases. And by 2028, it is projected to reach $12.9 trillion by 2028, and the US healthcare market is expected to reach $5.8 In 2020, the global healthcare market was worth an estimated $8.8
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