The global digital biomarkers market was valued at US$ 2.03 Bn in 2022 and is forecast to reach a value of US$ 22.28 Bn by 2030 at a CAGR of 34.1% between 2023 and 2030.
Digital biomarkers are objective, quantifiable behavioral and physiological data collected and measured using digital devices such as portables, wearables, or implants. The information gathered is usually used to explain, influence, or predict health-related outcomes. Biomarkers can play several roles. Moreover, they can be used as a diagnostic tool to identify patients with abnormal conditions, as a tool for staging disease extent, as an indicator of disease prognosis, or for predicting and monitoring response to an intervention.
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Market Insights and Analysis:
The Digital Biomarkers market report provides businesses with a wealth of valuable information, offering a comprehensive overview of current trends, market size, recent developments, and new opportunities. This report is an essential resource for any business looking to gain a better understanding of the industry, with growth analysis and historical and futuristic data on costs, revenue, demand and supply. By providing in-depth insights into the market’s scope and application, this study enhances understanding and facilitates strategic decision-making. For businesses of all sizes, the Digital Biomarkers market report is a crucial tool, illuminating product development, marketing strategies, and overall business growth. With its valuable information and analysis, this report can help businesses stay ahead in a highly competitive industry.
Global Digital Biomarkers Market Drivers:
Rising adoption of digital healthcare solutions to drive market growth
The increased usage of digital healthcare products, services, or technologies is one of the important factors anticipated to boost growth of the global market for digital biomarkers over the forecast period. Healthcare delivery systems can become better, safer, and more effective with the help of digital healthcare solutions, services, and technologies. Digital biomarkers are information that users directly gather about their own health or the treatment of diseases using digital health technology in order to explain, shape, or forecast results in the area of health. Therefore, as healthcare becomes more digitalized, there is a corresponding rise in demand for digital biomarkers, which is fueling the market’s expansion.
Global Digital Biomarkers Market Opportunities:
Players in the worldwide digital biomarkers market should have significant growth prospects due to rising research and development spending as well as a greater emphasis on drug development. For instance, Koneksa introduced their clinical pipeline of biomarkers for respiratory, cancer, brain, and other therapeutic areas in October 2022. The business also intends to release several upcoming clinical research while developing 15 digital programmes. The digital biomarker platform from Koneksa converts traditionally analogue procedures into digital by using algorithms to analyse and integrate real-time patient data into clinical trials.
Competitive Analysis
Key players profiled in the report: AliveCor Inc., Altoida Inc., Amgen Inc., Human API, Fitbit, Inc., Biogen Inc, Bayer AG, Akili Interactive Labs, Evidation Health, Inc., GlaxoSmithKline Plc, and Eli Lilly and Company, among others.
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Segmentation Analysis of Digital Biomarkers:
By Data Collection Tools: Wearable Devices, Implantable Components/Sensors, Mobile/Tablet Apps, Platforms, Desktop Based Software, and Data Integration (Systems that Integrate Data
By Application: Sleep and Movement, Cardiovascular Disease, Mood and Behavior, Pain Management, Neurodegenerative Disorders, and Respiratory Conditions
By End User: Biopharmaceutical Companies, Providers, and Payers
Global Digital Biomarkers Market Trends:
Rise in adoption of wearables is a recent trend
Wearable device usage is rising quickly all across the world in tandem with the rising public awareness of health, fitness, and overall wellbeing, particularly in the wake of COVID-19. Wearable health monitoring technology aids in tracking the wearer’s health information. The demand for digital biomarkers has also expanded as a result of the market leaders’ introduction of user-friendly, cutting-edge wearables to monitor vital signs. Over the projection period, this tendency is anticipated to persist, fueling market expansion.
The Report Covers The Following Data Points:
𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟏: This section covers the worldwide Market overview, including the basic market introduction, market analysis by its applications, type, and regions. The major regions of the worldwide Market include North America, Europe, Asia-Pacific, Latin America and the Middle-East and Africa. Digital Biomarkers Market industry statistics and outlook are presented in this section. Market dynamics states the opportunities, key driving forces, market risk are studied.
𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟐: This section covers Market manufacturers profile based on their business overview, product type, and application. Also, the sales volume, market product price, gross margin analysis, and share of each player is profiled in this report.
𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟑 𝐚𝐧𝐝 𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟒: These sections present the market competition based on sales, profits, and market division of each manufacturer. It also covers the industry scenario based on regional conditions.
𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟓 𝐚𝐧𝐝 𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟔: These sections provide forecast information related to Digital Biomarkers Market for each region. The sales channels include direct and indirect Marketing, traders, distributors, and development trends are presented in this report.
𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟕 𝐚𝐧𝐝 𝐒𝐞𝐜𝐭𝐢𝐨𝐧 𝟖: In these sections, Industry key research conclusions and outcome, analysis methodology, and data sources are covered.
Frequently Asked Questions About This Report
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✔ Which segment accounted for the largest digital biomarkers market share?
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