New York, United States, Aug. 31, 2022 (GLOBE NEWSWIRE) -- Digital Biomarkers are the data used to track anatomical, psychological, and behavioral changes in the human body using various sensors, Machine Learning (ML), and Artificial Intelligence (AI) techniques, making the data accessible to the wearer and other concerned users. The digital biomarkers currently used in the healthcare industry are the primary contributors to the significant data insights currently available. They assist in analyzing existing and anticipated health conditions and adverse situations.

The devices are available in a variety of forms, including those that are wearable, portable, digestible, and implantable. The oxygen saturation (SpO2) monitor and the heart rate monitor are two of the most common features found in consumer wearables. These monitors are essential for tracking heart and lung biostatistics to identify and warn users of adverse reactions. According to the CDC, cardiovascular disease is the leading cause of death in the United States, accounting for more than 960,000 deaths annually. The discovery of digital biomarkers greatly assists patients with chronic diseases.


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Growing Use of Digital Biomarkers and Penetration of Wearable Devices and Smartphones Drives the Global Market

The increasing use of digital biomarkers in diabetes, respiratory diseases, cardiovascular diseases, and sleep disorders is a significant market driver. Digital technologies have led to the increased adoption of handheld and wearable digital devices, which comprise a large portion of the digital biomarker market. Health informatics is expanding the global market for digital biomarkers. Digital biomarkers provide personalized, cost-effective care. The rapid evolution of telecommunications and IT infrastructure is also driving the market for digital biomarkers. Rising government and corporate investments in healthcare digitalization and smart hospitals are expected to boost global demand for digital biomarkers.

Wearable devices are the industry's second-biggest innovation after Bluetooth headsets. Google Glass, Apple Watch, Fitbit, MotivRing, and Oculus Rift are used in healthcare. The increased prevalence of wearable devices in healthcare is due to global health self-awareness, the rise in patients, and the increased use of technology in daily life. Many Google Play and iOS apps monitor sleep, heart rate, and movement. A recent survey found that 80% of developed and 82% of developing countries use smartphones.

Technology Advancements and Growing Awareness Creates Tremendous Opportunities

Due to the rapid advancement of technology, companies are developing an increasing number of digital biomarkers; consequently, it will likely become an attractive investment segment in the future. With the increasing acceptance of data and devices, an increasing number of companies are investing in the production of digital biomarkers. The Centre for Disease Control and Prevention (CDC) discovered that notifications for Atrial Fibrillation on a particular smartwatch matched a patient's actual ECG 84 percent of the time, thereby reducing the mortality risk of individuals. Consequently, smartwatches and other consumer wearables that monitor multiple physiological factors of the human body are gaining popularity.


Report Scope

Report MetricDetails
Market SizeUSD 27.17 billion  by 2030
CAGR35.2% (2022-2030)
Historical Data2019-2020
Base Year2021
Forecast Period2022-2030
Forecast UnitsValue (USD Billion)
Report CoverageRevenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments CoveredApplication, End-User, Regions
Geographies CoveredNorth America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/VendorsActiGraph LLC, Akili Interactive Labs, AliveCor Inc., Altoida Inc., Amgen Inc., Bayer AG, Biogen Inc., Eli Lilly and Company, Evidation Health Inc., Fitbit Inc., GlaxoSmithKline Plc., Human API, Happify Health , IXICO Plc., Neurotrack Technology Inc., Novartis, Pfizer Inc., F. Hoffmann-La Roche Ltd., Sanofi, Takeda Pharmaceuticals, Verily Life Science LLC.
Key Market OpportunitiesAdvancing Technology and Increased Awareness to Spur Market Opportunities
Key Market DriversGrowing Use of the Digital Biomarkers to Drive Market
The Explosion of Wearable Devices and Increasing Smartphone Penetration to Aid Growth

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Regional Analysis

Asia-Pacific region held the largest share of the digital biomarkers market because governments emphasized improving healthcare infrastructure, the proliferation of smart devices such as smartphones, and the presence of a large pool of patients. The region held a significant share of the digital biomarker market because of North America's high penetration of smartphones and wearable devices. This can be attributed to the growing prevalence of lifestyle-related diseases, which, in turn, encourages consumers to monitor their vital signs for a better understanding of their current and future health conditions.


Key Highlights


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Competitive Analysis


Global Digital Biomarkers Market: Segmentation

By Application

By End-User

By Regions


TABLE OF CONTENT

  1. Introduction
    1. Market Definition
    2. Market Scope
  2. Research Methodology
    1. Primary Research
    2. Research Methodology
    3. Assumptions & Exclusions
    4. Secondary Data Sources
  3. Market Overview
    1. Report Segmentation & Scope
    2. Value Chain Analysis: Digital Biomarkers Market
    3. Key Market Trends
      1. Drivers
      2. Restraints
      3. Opportunities
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitution
      4. Threat of New Entrants
      5. Competitive Rivalry
    5. Market Share Analysis
  4. Application Overview
    1. Introduction
      1. Market Size & Forecast
    2. Sleep and Movement
      1. Market Size & Forecast
    3. Cardiovascular
      1. Market Size & Forecast
  5. End-User Overview
    1. Introduction
      1. Market Size & Forecast
    2. Biopharmaceutical Companies
      1. Market Size & Forecast
    3. Payers
      1. Market Size & Forecast
  6. Regional Overview
    1. Introduction
      1. Market Size & Forecast
    2. America
      1. North America
      2. U.S.
        1. By Application
        2. By End-User
      3. Canada
        1. By Application
        2. By End-User
      4. Mexico
        1. By Application
        2. By End-User
      5. Latin America
        1. By Application
        2. By End-User
    3. Europe
      1. Market Size & Forecast
      2. Germany
        1. By Application
        2. By End-User
      3. France
        1. By Application
        2. By End-User
      4. U.K.
        1. By Application
        2. By End-User
      5. Italy
        1. By Application
        2. By End-User
      6. Spain
        1. By Application
        2. By End-User
      7. Rest of Europe
        1. By Application
        2. By End-User
    4. Asia Pacific
      1. Market Size & Forecast
      2. Japan
        1. By Application
        2. By End-User
      3. China
        1. By Application
        2. By End-User
      4. Australia
        1. By Application
        2. By End-User
      5. India
        1. By Application
        2. By End-User
      6. South Korea
        1. By Application
        2. By End-User
      7. Rest of Asia-Pacific
        1. By Application
        2. By End-User
    5. Middle East & Africa
      1. Market Size & Forecast
      2. Saudi Arabia
        1. By Application
        2. By End-User
      3. South Africa
        1. By Application
        2. By End-User
      4. Kuwait
        1. By Application
        2. By End-User
      5. Rest of Middle East & Africa
        1. By Application
        2. By End-User
  7. Company Profile
    1. ActiGraph LLC
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
    2. Akili Interactive Labs
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
    3. AliveCor Inc
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
  8. Conclusion & Recommendation
  9. Acronyms & Abbreviations


Table of Content and Figure @ https://straitsresearch.com/report/digital-biomarkers-market/toc


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