Press release
Digital Biomarkers Market Size Is Projected To Reach USD 19,388.35 Million By 2028, Growing At A CAGR Of 40.34%
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.
Digital biomarkers are physiological and behavioral data collected and evaluated using digital devices such as wearable, wearable, implantable or digestible devices. In general, the information collected is used to interpret, influence, and/or predict health-related outcomes. The increasing use of digital biomarkers in therapeutic areas such as cardiovascular disease, sleep and movement disorders, neurodegenerative diseases, psychiatric disorders, gastrointestinal diseases, respiratory diseases Respiratory and diabetes are driving the digital biomarkers market.
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Market Dynamics:
Driver:
According to the International Agency for Research on Cancer (IARC), the three most common neurodegenerative diseases in the world are Alzheimer's disease, Parkinson's disease and amyotrophic lateral sclerosis (ALS). Of these three diseases, the prevalence of Alzheimer's is the highest, and the disease has been diagnosed in 30% of people (worldwide) aged 85 years and over, with an annual increase of 0.5%. for 65 years. -75 years old and 6-8% for those 85 years and older. The increasing incidence of Alzheimer's has led to an increase in the number of clinical trials of drugs to treat the disease, although a large proportion of them have failed.
Market Trend:
Voice-based digital biomarkers are the precursor to an upcoming healthcare and biology research revolution. Patient voice quality is both a clear indicator of their health and a new frontier in health assessment. Technologies that enable voice recording on everyday consumer devices and then recognize and predict symptoms hold great promise in both research and clinical practice. The examples in this study are specific to voice-based biomarkers, but they can be used as templates for the development of digital biomarkers in general. One of the leading tools for voice-based digital biomarkers is EVOCAL Health GmbH.
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Segmentation Analysis Of Digital Biomarkers Market
By System Component, Data collection tools dominate the digital biomarkers market. The cheap cost and greater scalability of digital biomarkers based on smartphone applications make it possible to access previously unavailable social, behavioral, psychological, and environmental data.
By Therapeutic Area, Cardiovascular Disease accounted for the largest share of digital biomarkers in the market. In cardiovascular disorders, digital biomarkers provide greater in-depth insights into the heart response of individuals during standardized exercise.
By End User, Biopharmaceutical dominates the Digital Biomarkers Market. Digital biomarkers are thought to be most useful in the early stages of drug research when pharmaceutical experts need to know if the medicine is successful or not before moving on to a phase III study and validating the results.
By System Component
• Data Collection Tools
• Data Integration Systems
By Therapeutic Area
• Cardiovascular Disease
• Sleep and Movement Disease
• Neurodegenerative Disorders
• Psychiatric Disorder
• Gastrointestinal Disease
• Respiratory Disease
• Diabetes
• Others
By End-User
• Biopharmaceutical
• Providers
• Payers
Regional Analysis Of Digital Biomarkers Market
North America dominates the Digital Biomarkers Market and is expected to grow during the forecasted period. The North American region is highly adaptive in the integration of digitalization in the healthcare sector. Government agencies are proactive regarding implementing the new technologies to boost the healthcare infrastructure in the region. FDA approvals are easy to comply with and robust with the satisfaction of each requirement. FDA-approved and FDA-cleared digital devices that are now covered by Medicare and Medicaid, as well as those that overlap or are covered separately by private insurance, to assist speed the adoption of existing digital tools in clinical settings. The route to universal acceptance of digital biomarkers is inextricably linked to considerably higher rates of digital technology adoption and, more broadly, clinical practice in the North American region which attributes the growth of the Digital Biomarkers Market.
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By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
Top Key Players Covered In Digital Biomarkers Market
• 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.
Key Industry Developments In Digital Biomarkers Market
• October 2020, Medidata, a company that specializes in clinical trial data and life science technologies, has announced the acquisition of MC10's digital biomarker business. The purchase is intended to improve the integration of clinical-grade measurements into the remote trial platform and bolster the use of wearable sensors in clinical research.
• In September 2020, Koneksa, a company that develops and implements patient-specific digital biomarkers for use in the drug development process, has announced the completion of a USD 16.0 million Series B investment round. By extending its digital platform, Koneska plans to use the funds to integrate wearables and other patient-specific technology into clinical research.
Table Of Content
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By System Component
3.2 By Therapeutic Area
3.3 By End User
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
3.5.1 Drivers
3.5.2 Restraints
3.5.3 Opportunities
3.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 4: Digital Biomarkers Market by System Component
4.1 Digital Biomarkers Market Overview Snapshot and Growth Engine
4.2 Digital Biomarkers Market Overview
4.3 Data Collection Tools
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size (2016-2028F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Data Collection Tools: Grographic Segmentation
4.4 Data Integration Systems
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size (2016-2028F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Data Integration Systems: Grographic Segmentation
Chapter 5: Digital Biomarkers Market by Therapeutic Area
5.1 Digital Biomarkers Market Overview Snapshot and Growth Engine
5.2 Digital Biomarkers Market Overview
5.3 Cardiovascular Disease
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Cardiovascular Disease: Grographic Segmentation
5.4 Sleep and Movement Disease
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Sleep and Movement Disease: Grographic Segmentation
5.5 Neurodegenerative Disorders
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2016-2028F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Neurodegenerative Disorders: Grographic Segmentation
5.6 Psychiatric Disorder
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size (2016-2028F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Psychiatric Disorder: Grographic Segmentation
5.7 Gastrointestinal Disease
5.7.1 Introduction and Market Overview
5.7.2 Historic and Forecasted Market Size (2016-2028F)
5.7.3 Key Market Trends, Growth Factors and Opportunities
5.7.4 Gastrointestinal Disease: Grographic Segmentation
5.8 Respiratory Disease
5.8.1 Introduction and Market Overview
5.8.2 Historic and Forecasted Market Size (2016-2028F)
5.8.3 Key Market Trends, Growth Factors and Opportunities
5.8.4 Respiratory Disease: Grographic Segmentation
5.9 Diabetes
5.9.1 Introduction and Market Overview
5.9.2 Historic and Forecasted Market Size (2016-2028F)
5.9.3 Key Market Trends, Growth Factors and Opportunities
5.9.4 Diabetes: Grographic Segmentation
5.10 Others
5.10.1 Introduction and Market Overview
5.10.2 Historic and Forecasted Market Size (2016-2028F)
5.10.3 Key Market Trends, Growth Factors and Opportunities
5.10.4 Others: Grographic Segmentation
To Be Continued……..
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