This Digital Biomarkers Market research report contains a complete background analysis of the industry, which includes an assessment of the parental market. All the statistical and numerical that have been forecasted in this report is represented with the help of graphs, charts, or tables which makes this report more user-friendly. This Digital Biomarkers Market report contains a thorough description, competitive scenario, wide product portfolio of key vendors, and business strategy adopted by competitors along with their SWOT analysis and porter’s five force analysis. Whether it is about renewing a business plan, preparing a presentation for a key client, or giving recommendations to an executive, this Digital Biomarkers Market report will surely help you to a degree.
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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). 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.
Digital Biomarkers Market
- Mobile Apps
- Pharmaceutical Companies
- Mood and Behaviour
- Rest of North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- 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.
Key Questions Answered with this Study
1) What makes Digital Biomarkers Market feasible for long term investment?
2) Know value chain areas where players can create value?
3) Teritorry that may see steep rise in CAGR & Y-O-Y growth?
4) What geographic region would have better demand for product/services?
5) What opportunity emerging territory would offer to established and new entrants in Digital Biomarkers market?
6) Risk side analysis connected with service providers?
7) How influencing factors driving the demand of Digital Biomarkers in next few years?
8) What is the impact analysis of various factors in the Digital Biomarkers market growth?
9) What strategies of big players help them acquire share in mature market?
10) How Technology and Customer-Centric Innovation is bringing big Change in Digital Biomarkers Market?
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