Digital biomarkers are physiological and behavioral data that are gathered and assessed using digital devices such as portables, wearables, implantable, or digestible. Typically, the information gathered is utilized to explain, affect, and/or forecast health-related outcomes. The growing use of digital biomarkers in therapeutic areas such as cardiovascular illness, sleep, and movement disorders, neurodegenerative diseases, mental disorders, gastrointestinal disease, respiratory disease, and diabetes is driving the market for digital biomarkers. The market is being driven by factors such as the rising prevalence of chronic illnesses, the expanding elderly population, rising healthcare spending, and rising drug development costs.
According to this latest study , Global Digital Biomarkers Market Size Was Valued at USD 1808.30 Million In 2021, And Is Projected to Reach USD 19,388.35 Million By 2028, Growing at A CAGR of 40.34% From 2022 To 2028.
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An increase in the use of linked digital devices and health-related mobile applications can be credited to the growth of the digital biomarkers industry. These devices can help with a variety of diagnostic and prognostic assessments in a variety of illness areas, such as mental health, diabetes, neurological disorders, and cardiovascular diseases.
Digital Biomarkers Market - Size, Competitive Landscape and Segmentation Analysis:
Digital Biomarkers Market Reports provide a high-level overview of market segments by product type, applications, leading key players, and regions, as well as market statistics. The research insights focus on the impact of the Covid-19 epidemic on performance and offers a thorough examination of the current market and market dynamics. This crucial understanding of the report's objective can help you make better strategic decisions about investment markets by assessing elements that may affect current and future market circumstances. The leading key players in the Global and Regional market are summarized in a research to understand their future strategies for growth in the market.
Segmentation of Digital Biomarkers Market:
By System Component, Digital Biomarkers has been segmented into:
Data Collection Tools,Data Integration Systems
By End-User, Digital Biomarkers has been segmented into:
Biopharmaceutical,Providers,Payers
Segment by Regions and Countries Level Analysis:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
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Covid-19 Impact and Recovery Analysis on Industry:
We've kept track of Covid-19's direct impact on this market as well as its indirect impact on other industries. During the analysis period, the impact of the Covid-19 pandemic on the market is predicted to be significant. From a worldwide and regional viewpoint, this report examines the influence of the pandemic on the Digital Biomarkers industry. The study categories the Digital Biomarkers industry by type, application, and consumer sector to determine market size, market features, and market growth. It also includes a thorough examination of the factors that influenced market development before and after the Covid-19 pandemic. In addition, the research did a pest analysis in the sector to investigate major influencers and entrance obstacles.
Scope of the Report
Report Metric | Details |
Market size available for years | 2016–2021 |
Base year considered | 2021 |
Forecast period | 2022–2028 |
Forecast units | Billion (USD) |
Segments covered | System Component , End-User, and Region |
Geographies covered | North America, APAC, Europe, MEA, and Latin America |
Companies covered | AliveCor Inc.,Bayer AG,Evidation Health Inc.,Fitbit Inc.,Happify Health,Koninklijke Philips NV,Neurotrack Technologies Inc.,GlaxoSmithKline Inc.,Novartis International AG,F. Hoffmann-La Roche Ltd. |
Why Purchase the Report?
- Visualize the composition of the global Digital Biomarkers market products in terms of Product and application highlighting the critical commercial assets and players.
- Identify commercial opportunities in the global Digital Biomarkers market by analyzing trends and co-development deals.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
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