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Digital Biomarkers Market Trends, Technology Innovations, COVID-19 Pandemic Analysis and Key Players (AliveCor Labs, Eli Lilly and Company, Biogen, Novartis AG) - Growth Prediction 2021-2027

01-16-2022 06:35 PM CET | Health & Medicine

Press release from: VynZ Research

Digital Biomarkers Market

Digital Biomarkers Market

The global digital biomarkers market is expected to witness a CAGR of 41.25% during the forecast period. The growth of digital biomarkers is attributed to the rapid adoption of smartphones, wearable devices, biosensors, and innovation of high-speed networks, and connectivity solutions. The increasing cases of diabetes, BP, cardiovascular diseases, neurological disorders will propel the growth of the digital biosensors market globally as it is used for monitoring, diagnostic and prognostic purposes.

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Furthermore, the rising number of synergistic associations among stakeholders, R&D of the advanced digital markers, increasing number of industry players, favorable government initiatives, fast approval from FDA, multiple product launches, are significantly aiding the growth of the global digital biomarkers market.

Digital solutions for biomarkers is the modernized platform to generate, collect and track healthcare data. Healthcare professionals are using digital biomarkers to facilitate the successful screening and diagnosis of COVID-19 patients remotely.

Based on the system components, the global digital biomarkers are segmented into data collection tools and data integration systems. The data collection tools are further segmented into digital platforms, mobile apps, desktop-based software, wearable, and biosensors.

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Europe is anticipated to have a high CAGR during the forecast period 2021-2027 owing to the rising standardization and collaboration among the stakeholders in the pharmaceutical industry. Moreover, the rising adoption of telehealth services, strong healthcare infrastructure, and rise in spending by the government for development in medical research will fuel the growth in the region.

Some of the major players in the global digital biomarkers market include AliveCor Labs, Eli Lilly and Company, Biogen, Novartis AG, Fitbit LLC, GlaxoSmithKline plc, F. Hoffmann-La Roche Ltd, Koninklijke Philips N.V., Pfizer Inc., and Takeda Pharmaceutical Company Limited.

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About VynZ Research

VynZ Research is a market research firm offering research, analytics, and consulting services on business strategies. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. VynZ Research assists enterprises to take strategic decisions for helping their businesses to grow. The reports developed by VynZ are based on market facts that include comprehensive analysis and quantification of market drivers, industry dynamics, opportunities, challenges, threats, market shares and anticipated new trends & technologies arising across a wide range of industries.

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