Digital Biomakers Market Size, Share & Trends Analysis Report By Type (Wearable, Mobile based Applications, Sensors, Others), By Clinical Practice (Diagnostic digital biomarkers, Monitoring digital biomarkers, Predictive and Prognostic digital biomarkers, Other's (Safety, Pharmaco dynamics/ Response, Susceptibility)), By Therapeutic Area (Cardiovascular and metabolic disorders (CVMD), Respiratory disorders, Psychiatric disorders, Sleep & Movement Disease, Neurological disorders, Musculoskeletal disorders, Others (Diabetes, Pain Management)), By End-Use (Healthcare companies, Healthcare Providers, Payers, Others (Patient, caregivers)), Global Economy Insights, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023 - 2031

Region: Global | Format: Word, PPT, Excel | Report Status: Published

Market Overview:

The Digital Biomarkers Market size is expected to grow significantly in the coming years. According to the Research, the global digital biomarkers market size was valued at USD 2.8 Billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 27.5% from 2023 to 2031.

The increasing prevalence of chronic diseases, such as diabetes and cardiovascular diseases, and the growing adoption of digital health technologies are some of the key drivers of the market. Digital biomarkers have the potential to improve disease management, enable early diagnosis, and personalize treatment. The COVID-19 pandemic has also accelerated the adoption of digital health technologies, including digital biomarkers. Remote patient monitoring and telemedicine have become increasingly important during the pandemic, and digital biomarkers can help facilitate these services.

Digital biomarkers are a type of health data that are captured using digital devices or platforms, such as wearable sensors, mobile apps, and smart devices. These biomarkers can provide objective and continuous measures of physiological or behavioural characteristics, such as heart rate, sleep quality, physical activity, and cognitive function. They can be used to monitor and manage health conditions, as well as to inform clinical decision-making and drug development. The digital biomarkers market includes the products and services that are used to collect, analyse, and interpret digital biomarker data. This includes hardware and software platforms, such as wearable devices, mobile health apps, and data analytics tools. The market also includes services related to data management, such as data aggregation, storage, and security, as well as consulting services related to digital biomarker development and implementation.

The market is expected to be driven by the growing demand for personalized medicine, as digital biomarkers can help identify patient-specific biomarkers that can be used to tailor treatment plans. Additionally, the increasing use of wearable devices and mobile health apps is expected to drive the market growth, as these technologies can be used to collect and analyse digital biomarkers.

Scope of Digital Biomarkers Market:

The increasing prevalence of chronic diseases, such as diabetes and cardiovascular diseases, and the growing adoption of digital health technologies are some of the key drivers of the market. Digital biomarkers have the potential to improve disease management, enable early diagnosis, and personalize treatment. The COVID-19 pandemic has also accelerated the adoption of digital health technologies, including digital biomarkers. Remote patient monitoring and telemedicine have become increasingly important during the pandemic, and digital biomarkers can help facilitate these services.

Digital biomarkers are a type of health data that are captured using digital devices or platforms, such as wearable sensors, mobile apps, and smart devices. These biomarkers can provide objective and continuous measures of physiological or behavioural characteristics, such as heart rate, sleep quality, physical activity, and cognitive function. They can be used to monitor and manage health conditions, as well as to inform clinical decision-making and drug development. The digital biomarkers market includes the products and services that are used to collect, analyse, and interpret digital biomarker data. This includes hardware and software platforms, such as wearable devices, mobile health apps, and data analytics tools. The market also includes services related to data management, such as data aggregation, storage, and security, as well as consulting services related to digital biomarker development and implementation.

The increasing prevalence of chronic diseases, such as diabetes and cardiovascular diseases, and the growing adoption of digital health technologies are some of the key drivers of the market. Digital biomarkers have the potential to improve disease management, enable early diagnosis, and personalize treatment. The COVID-19 pandemic has also accelerated the adoption of digital health technologies, including digital biomarkers. Remote patient monitoring and telemedicine have become increasingly important during the pandemic, and digital biomarkers can help facilitate these services.

Digital biomarkers are a type of health data that are captured using digital devices or platforms, such as wearable sensors, mobile apps, and smart devices. These biomarkers can provide objective and continuous measures of physiological or behavioural characteristics, such as heart rate, sleep quality, physical activity, and cognitive function. They can be used to monitor and manage health conditions, as well as to inform clinical decision-making and drug development. The digital biomarkers market includes the products and services that are used to collect, analyse, and interpret digital biomarker data. This includes hardware and software platforms, such as wearable devices, mobile health apps, and data analytics tools. The market also includes services related to data management, such as data aggregation, storage, and security, as well as consulting services related to digital biomarker development and implementation.

The market is expected to be driven by the growing demand for personalized medicine, as digital biomarkers can help identify patient-specific biomarkers that can be used to tailor treatment plans. Additionally, the increasing use of wearable devices and mobile health apps is expected to drive the market growth, as these technologies can be used to collect and analyse digital biomarkers.

The market is expected to be driven by the growing demand for personalized medicine, as digital biomarkers can help identify patient-specific biomarkers that can be used to tailor treatment plans. Additionally, the increasing use of wearable devices and mobile health apps is expected to drive the market growth, as these technologies can be used to collect and analyse digital biomarkers.

Market Drivers of Digital Biomarkers:

One driving factor of the digital biomarkers market is the growing demand for personalized medicine

Personalized medicine involves tailoring medical treatments to the individual characteristics of each patient, including their genetic makeup, lifestyle factors, and health history. Digital biomarkers can help identify patient-specific biomarkers that can be used to inform personalized treatment plans. Digital biomarkers can provide continuous and objective measures of an individual's health status and response to treatment, which can help clinicians make more informed decisions about the most appropriate treatment for each patient. For example, digital biomarkers can be used to monitor patients with chronic diseases, such as diabetes or hypertension, and adjust their treatment plan in real-time based on their changing health status. Digital biomarkers can also be used in drug development, particularly for clinical trials. By using digital biomarkers to monitor patients' response to a drug, researchers can gain insights into the drug's effectiveness and safety, as well as identify patient subgroups that may respond better to the treatment.

The demand for personalized medicine is increasing due to the growing recognition that a one-size-fits-all approach to treatment may not be effective for all patients. By incorporating digital biomarkers into personalized medicine, clinicians and researchers can better understand individual patients' health status and develop more targeted and effective treatments. This demand for personalized medicine is expected to drive the growth of the digital biomarkers market in the coming years.

Market Trends of Digital Biomarkers:

One trend in the digital biomarkers market is the increasing use of wearable devices for health monitoring.

Wearable devices, such as smartwatches, fitness trackers, and health monitoring patches, can collect a wide range of digital biomarker data, including physical activity, heart rate, sleep patterns, and stress levels. These wearable devices are becoming increasingly popular among consumers, as they provide a convenient and non-invasive way to monitor and manage their health. They can also provide real-time feedback and alerts, helping individuals stay motivated and engaged in their health and wellness.

In addition to consumer applications, wearable devices are also being used in clinical settings. For example, healthcare providers can use wearable devices to monitor patients with chronic diseases, such as diabetes or hypertension, and make more informed decisions about their treatment plans. Wearable devices can also be used in clinical trials to monitor patients' response to a drug and identify any adverse events. The increasing use of wearable devices for health monitoring is driving the demand for digital biomarkers that can be collected and analysed using these devices. Wearable devices provide a unique opportunity to collect continuous and objective data on an individual's health status, which can be used to inform personalized treatment plans and improve health outcomes.

Digital Biomarkers Market Restraining Factors:

One restraining factor of the digital biomarkers market is the lack of regulatory guidance and standardization.

 There is currently no clear regulatory framework for digital biomarkers, which can lead to uncertainty and variability in the development and implementation of these biomarkers. The lack of regulatory guidance can make it difficult for companies to bring digital biomarker products to market, as they may be unsure about the regulatory requirements for safety and efficacy. This can lead to delays and increased costs in product development and approval.in addition, the lack of standardization in digital biomarker data collection and analysis can lead to variability in the quality and reliability of the data. This can make it difficult to compare data across studies or to validate digital biomarker data against traditional biomarkers or clinical endpoints.

Report Coverage:

The report will cover the qualitative and quantitative data on the global air compressor market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country and segments according to your requirements. We can also provide customize report in every industry vertical.

Report Scope and Segmentations:

Study Period

2021-28

Base Year

2022

Estimated Forecast Year

2022-31

Growth Rate

CAGR of 27.5% from 2023 to 2031

Segmentation

By Type, By Application, By End User, By Region

Unit

USD Billion

By Type

  • Wearable
  • Mobile based Applications
  • Sensors
  • Others

 By Application

  • Oncology
  • Metabolic Disease
  • Neurological Disease
  • Cardiac Disease
  • Others

 By End Users

  • Hospitals
  • Contract Research Organizations
  • Academic Research Institutes
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, UK, Italy, Spain, Russia, Rest of Europe)
  • Asia-Pacific (China, India, Japan, ASEAN, Rest of Asia-Pacific)
  • LAMEA (Latin America, Middle East, Africa)

Key Players Strategies in the Market:

These companies are involved in developing a wide range of digital biomarkers and related technologies, including wearables, mobile health apps, and data analytics platforms, to help monitor and manage various aspects of health and disease. Other major players in the market include pharmaceutical and biotechnology companies that are investing in the development of digital biomarkers to support drug development and clinical research.

The market is highly competitive, and new players are expected to enter the market as the field continues to grow and evolve the digital biomarkers market is still in its early stages, but there are already several companies and organizations that are actively working in this field. Here are some of the major players in the digital biomarkers market: ACTi Graph LLC; AliveCor Inc.; Koneksa; Altoida Inc.; Amgen Inc.; Biogen Inc.; Empatica Inc.; Vivo Sense; IXICO plc; Adherium Limited; Neurotrack Technologies, Inc.; Aural Analytic; Huma and Sonde Health, Inc.

List of Companies Profiled:

Here are some key companies in the digital biomarkers market with their headquarters:

  • Biofourmis - Singapore
  • Evidation Health - United States
  • Empatica - Italy
  • Mindstrong Health - United States
  • BiogeniQ - Canada
  • CogniFit - United States
  • Neurotrack - United States
  • Pear Therapeutics - United States
  • Verily Life Sciences - United States
  • Medtronic - Ireland
  • ResMed - United States
  • iRhythm Technologies - United States
  • AliveCor - United States
  • BioTelemetry - United States
  • Philips Healthcare - Netherlands

Segmentation Analysis of Digital Biomarkers:

By Type

The digital biomarkers market can be segmented by type into the following categories:

  • Wearables: This segment includes various types of wearable devices such as smartwatches, fitness trackers, and medical-grade wearables, which are designed to monitor various aspects of health and disease.
  • Mobile-based Applications: This segment includes mobile apps that are designed to collect and analyse data on various health parameters such as heart rate, blood pressure, and sleep quality, using sensors built into smartphones.
  • Sensors: This segment includes various types of sensors that can be used to collect data on various physiological parameters such as heart rate, respiratory rate, and blood glucose levels. These sensors can be integrated into wearables, mobile devices, or used as standalone devices.
  • Others: This segment includes various other types of digital biomarkers such as voice analysis, facial recognition, and eye tracking, which can provide insights into various aspects of health and disease. 
By Application

The digital biomarkers market can also be segmented by application into the following categories:

  • Oncology: This segment includes the use of digital biomarkers for the early detection and monitoring of various types of cancer, as well as for the prediction of treatment response and side effects.
  • Metabolic Disease: This segment includes the use of digital biomarkers for the monitoring and management of various metabolic disorders such as diabetes, obesity, and metabolic syndrome.
  • Neurological Disease: This segment includes the use of digital biomarkers for the monitoring and management of various neurological disorders such as Alzheimer's disease, Parkinson's disease, and multiple sclerosis.
  • Cardiac Disease: This segment includes the use of digital biomarkers for the monitoring and management of various cardiac disorders such as heart failure, arrhythmias, and coronary artery disease.
  • Others: This segment includes various other applications of digital biomarkers such as respiratory disease, infectious disease, and mental health. 
By End Users

The Digital Biomarkers Market can be segmented by end users into the following categories:

  • Hospitals: Hospitals are the primary end users of digital biomarkers. Digital biomarkers are used to monitor and track patient health data, such as vital signs, activity levels, and sleep patterns. This data can be used to inform clinical decisions and improve patient outcomes. 
  • Contract Research Organizations (CROs): CROs are organizations that provide services to the pharmaceutical and biotechnology industries. They use digital biomarkers to collect data from clinical trials and research studies. This data can be used to assess the safety and efficacy of new drugs and treatments. 
  • Academic Research Institutes: Academic research institutes use digital biomarkers to collect data from clinical trials and research studies. This data can be used to assess the safety and efficacy of new drugs and treatments. 
  • Other: Digital biomarkers are also used by other organizations, such as insurance companies, to assess risk and develop personalized health plans. Additionally, digital biomarkers are used by employers to monitor employee health and safety.

Regional Analysis of Digital Biomarkers:

North America 

The Digital Biomarkers Market in North America is expected to grow at a CAGR of 16.2% from 2020 to 2027. This growth is attributed to the increasing prevalence of chronic diseases, rising demand for personalized medicine, and the growing adoption of digital health solutions. Additionally, the increasing investments in digital health solutions, the growing awareness about digital biomarkers, and the increasing demand for remote patient monitoring are expected to drive the growth of the digital biomarkers market in North America. Furthermore, the increasing focus on the development of digital biomarkers and the growing demand for digital therapeutics are expected to provide lucrative opportunities for the growth of the digital biomarkers market in North America.

Europe 

The Digital Biomarkers Market in Europe is expected to grow significantly over the forecast period. This growth is attributed to the increasing prevalence of chronic diseases, rising demand for personalized medicine, and the growing adoption of digital health solutions. Additionally, the increasing focus on preventive healthcare, the growing awareness of digital biomarkers, and the increasing investments in digital health solutions are expected to drive the growth of the digital biomarkers market in Europe. Furthermore, the increasing number of collaborations between healthcare providers and technology companies, the growing demand for remote patient monitoring, and the increasing adoption of digital health solutions are expected to fuel the growth of the digital biomarkers market in Europe.

Asia-Pacific

The Asia Pacific digital biomarkers market is expected to witness significant growth over the forecast period. This growth is attributed to the increasing prevalence of chronic diseases, rising demand for personalized medicine, and growing investments in healthcare IT infrastructure. Additionally, the increasing adoption of digital health solutions, such as remote patient monitoring, telemedicine, and digital therapeutics, is expected to drive the growth of the digital biomarkers market in the region.

Middle East and Africa

The Digital Biomarkers Market in the Middle East and Africa is expected to witness significant growth over the forecast period. This growth is attributed to the increasing prevalence of chronic diseases, rising awareness about digital biomarkers, and the growing adoption of digital health solutions. Additionally, the increasing investments in healthcare infrastructure and the growing demand for personalized healthcare solutions are expected to drive the growth of the digital biomarkers market in the Middle East and Africa.

Digital Biomarkers Market Report is also available for below Regions and Country Please Ask for that

North America
  • U.S
  • Canada
Europe
  • Switzerland
  • Belgium
  • Germany
  • France
  • U.K
  • Italy
  • Spain
  • Sweden
  • Netherland
  • Turkey
  • Rest of Europe
Asia-Pacific
  • India
  • Australia
  • Philippines
  • Singapore
  • South Korea
  • Japan
  • China
  • Malaysia
  • Thailand
  • Indonesia
  • Rest Of APAC
Latin America
  • Mexico
  • Argentina
  • Peru
  • Colombia
  • Brazil
  • Rest of South America
Middle East and Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest Of MEA

Key Industry Developments:

  • In April 2021, Philips and the University of Oxford announced a collaboration to develop digital biomarkers for the early detection of Alzheimer's disease. The collaboration will use Philips' advanced imaging and AI technologies to develop digital biomarkers that can detect the disease in its early stages. 
  • In March 2021, Apple announced the launch of its Research app, which will allow users to participate in health studies and track their health data. The app will use digital biomarkers to track health data such as heart rate, sleep, and physical activity. 
  • In February 2021, Fitbit announced the launch of its new Health Metrics dashboard, which will allow users to track their health data using digital biomarkers. The dashboard will track data such as heart rate, sleep, and physical activity. 
  • In January 2021, Google announced the launch of its new Health Studies platform, which will allow users to participate in health studies and track their health data using digital biomarkers. The platform will track data such as heart rate, sleep, and physical activity.

Points Covered in the Report:

The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.

The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.

The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.

Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.

The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Questions:

  • How much the global Digital Biomarkers Market valued?
  • Which region has the largest share in 2021 for the global Digital Biomarkers Market?
  • What are the driving factors for the market?
  • Which is the leading segment in the global market?
  • What are the major players in the market?

Research Scope of Digital Biomarkers Market:

  • Historic year: 2018- 2021
  • Base year: 2022
  • Forecast: 2023 to 2031
  • Representation of Market revenue in USD Million

Frequently Asked Questions

  • How much the global Digital Biomarkers Market valued?

    The digital biomarkers market size is expected to grow significantly in the coming years. According to the Research, the global digital biomarkers market size was valued at USD 2.1 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 26.9% from 2021 to 2028

  • Which region has the largest share in 2021 for the global Digital Biomarkers Market?

    The most recent market reports for the digital biomarkers market suggest that North America held the largest share in 2021, followed by Europe and the Asia-Pacific region.

  • What are the driving factors for the market?

    The market is expected to be driven by the growing demand for personalized medicine, as digital biomarkers can help identify patient-specific biomarkers that can be used to tailor treatment plans. Additionally, the increasing use of wearable devices and mobile health apps is expected to drive the market growth, as these technologies can be used to collect and analyse digital biomarkers.

  • Which is the leading segment in the global market?

    As of 2021, the digital biomarkers market is still a relatively new and rapidly evolving market, with various segments showing significant growth potential. However, based on current market reports, the physiological biomarkers segment is expected to be the leading segment in the global market, accounting for the largest market share.

  • What are the major players in the market?

    ACTi Graph LLC; AliveCor Inc.; Koneksa; Altoida Inc.; Amgen Inc.; Biogen Inc.; Empatica Inc.; Vivo Sense; IXICO plc; Adherium Limited; Neurotrack Technologies, Inc.; Aural Analytic; Huma; Sonde Health, Inc.

  • PUBLISHED ON : June, 2022
  • BASE YEAR : 2022
  • STUDY PERIOD : 2020-2032
  • COMPANIES COVERED : 20
  • COUNTRIES COVERED : 25
  • NO OF PAGES : 198

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