Digital Biomarkers Market Future Scope and Latest Trends Analysis Report

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Digital Biomarkers Market Size, Share & Trends Analysis Report By Applications (Sleep and Movement Disorders, Cardiovascular, Psychiatric Disorders (Mood and Behavior), Chronic Pain, Neurodegenerative Diseases, Diabetes, Respiratory Diseases, Others), By System Components

(Data Collection Tools (Wearables Devices, Implantable and Mobile Applications) and Data Integration Software), By Type (Clinical Trials and Clinical Settings), by End-User (Biopharmaceutical Companies, Payers and Providers), Region, Market Outlook And Industry Analysis 2031″ 

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According to the latest research by InsightAce Analytic, the global Digital Biomarkers market is valued at US$ 2.66 Billion in 2022, and it is expected to reach US$ 17.58 Billion by 2031, with a CAGR of 23.52 % during the forecast period of 2023-2031. 

Digital Biomarkers are data that are objective and quantifiable physiological and behavioural data that are collected and measured via digital devices, such as wearables, portables, implantables, and digestible. It helps researchers and doctors track healthy processes, diagnose diseases and other health conditions, monitor responses to medication, and identify health risks in a person. Generally, digital biomarkers are categorized as passive and active digital biomarkers.

The digital biomarker could facilitate the effective use of a DHT in evaluating a therapeutic product, potentially growing patient access to safe and effective medical products. It can detect non-biological external factors (e.g., environmental features like pollen count) and provides an opportunity to identify predictors and influences on health, which will require the systematic development of scientific evidence in the future.

Biomarkers are popular nowadays in drug development, so it is widely used, positively affecting the market growth. Aspects such as the rising employment of vocal digital biomarkers and regulatory flexibility toward digital healthcare are also responsible for developing the digital biomarkers market. The extensive usage of wearable smart devices and smartphone applications in healthcare will continually fuel the market.

Failure of Drugs for Neurodegenerative Disorders accelerates the requirement of digital biomarkers. The increasing innovations and product designs in the global market and the growing use in emerging economies are the driving factors for the market’s growth. The ever-increasing number of product launches and rising number of Food and Drug Administration (FDA) approvals are forecast to propel the market growth.

However, there are some market restraints like the Data Measurement errors, Deficiency of Integration, Lack of Use Cases of the Return on Investment (ROI) Analysis, Interoperability between Medical Records & User Generated Data, the requirement for standardized solutions and the high cost of biomarkers. These aspects can strongly affect market growth.

Region-wise, North America is forecast to hold the leading global digital biomarkers market share. The presence of leading industry players is estimated to contribute to the regional development in the global digital biomarkers market.

Competitive Landscape

Some of The Key Players in The Digital Biomarkers Market:

• Alphabet Inc.
• AliveCor Inc.
• Akili Interactive Labs, Inc.
• Cambridge Cognition Ltd
• Dassault Systèmes
• IXICO plc
• Koninklijke Philips N.V
• Shimmer                            
• Quanterix Corporation
• Altoida AG                                   
• Evidation Health, Inc.
• Happify, Inc.
• Huma
• Human API
• Mindstrong Health                     
• Neurotrack Technologies, Inc
• Orikami
• Winterlight Labs Inc.

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Key Developments in the Market

Latin America Digital Biomarkers Market, by Country, 2023-2031 (Value US$ Mn)

• To receive a comprehensive analysis of the prospects for the global Digital Biomarkers Market
• To receive an industry overview and future trends of the Digital Biomarkers Market 
• To analyze the Digital Biomarkers Market drivers and challenges
• To get information on the Digital Biomarkers Market Size (Value US$ Mn) forecast to 2030
• Significant investments, mergers & acquisitions in the Digital Biomarkers Market industry