The Latest research study released by Absolute Markets Insights Digital Biomarkers Market with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that aid the market growth.In terms of revenue, digital biomarkers market was valued at US$ 4521.62 Mn in 2022 and is growing at a CAGR of 25.67% over the forecast period (2022 – 2030). Some of the Major Companies covered in this Research are: AliveCor, Biospective Inc., ConnectedLife Health Pte Ltd, Fitbit LLC. , Happify Health, IXICO plc, NeuroMetrix, Inc., Neurotrack Technologies, Inc., Sonde Health, Inc., and Other Market Participants.
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Digital Biomarkers Market
By Offerings
- Products
- Wearables
- Mobile Apps
- Implantable
- Digestible
- Services
By End-User
- Pharmaceutical Companies
- Payers
- Providers
- Individuals
By Application
- Respiratory
- Cardiovascular
- Neurodegenerative
- Mood and Behaviour
- Others
By Region
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
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Digital biomarkers are recording of physiological and behavioral data which is collected and measured by using digital devices such as wearables, portables, implantable' and digestibles. The collected data is used to predict health-related outcomes of the patients. Digital biomarkers are increasingly being used for the treatment in therapeutic areas including respiratory diseases, cardiovascular diseases, neurodegenerative diseases, sleep and movement diseases, diabetes, psychiatric diseases, and gastrointestinal diseases. Factors influencing the digital biomarkers market growth include growing incidences of chronic diseases, increasing expenses on healthcare facilities, rising activities around development of drugs and rising geriatric population.
Increasing funding in the field of research and development is another factor which is significantly aiding for its market growth. Biomarkers are being increasingly used in the field of medicine, which has aided for improvement in diagnosis, treatment, and monitoring of several areas of diseases. It can be used for identifying patients who are likely to respond to certain drugs or treatment options. This kind of diagnostics is more often used in combination with a drug, particularly for that disease. For example, the Oncomine Dx Target Test by Thermo Fisher Scientific, Inc. which is used for biomarker testing of non-small cell lung cancer checks the eligibility of patients for ROZLYTREK (entrectinib). Thus, such factors are aiding for the digital biomarkers market growth.
Remote patient monitoring (RPM) is now considered as a crucial approach that is supporting healthcare system during the ongoing Covid-19 pandemic. This in turn is propelling the development and validation of digital biomarkers, which helps in identifying patients who are at risk for Covid-19, calculate disease progression as well continuously monitors disease symptoms, mainly using an individual’s device or a smartphone to collect data. For example, if fever can calculate the beginning of the virus, wearable devices with in-built thermometers are likely to be a useful tool in Covid-19 detection. Thus, the Covid-19 pandemic is expected to have a huge impact on the global digital biomarkers market growth.
Digital Biomarkers Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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