Digital Biomarkers Market Demand, Size, Share, Scope & Forecast To 2027

The Global Digital Biomarkers Market report examines historical and current data, as well as a thorough examination of market dynamics. The report also sheds light on the major market growth driving and restraining factors that are expected to influence market growth over the forecast period. The Global Digital Biomarkers Market researches the market scenario to provide growth projections for the Digital Biomarkers industry from 2020 to 2027. The report focuses on potential growth opportunities and constraints that industry leaders may face over the course of the forecast timeline. To assist readers in making decisions, the report pays special attention to emerging business components, niche sectors, product launches, and brand promotions that are taking place in the market.

According to a recent estimate by Emergen Research, the global market for digital biomarkers is expected to be valued USD 10.38 billion by 2027. The rising prevalence of chronic diseases is contributing to the market for digital biomarkers' quick expansion. The burden of chronic diseases is rapidly increasing globally, which is boosting market growth. The World Health Organization (WHO) has released statistics showing that the burden of chronic diseases is expected to increase by 57.0% from 2001 to 2020. Developing countries, which bear 60.0% of the burden of chronic diseases worldwide, are anticipated to be most affected.

An increase in healthcare expenditure and increased funding for healthcare RD are significantly driving the digital biomarkers' market growth. The healthcare expenditure in the US reached USD 3.60 trillion in 2018, an increase of 4.6% from the previous years. This rise in spending is, to some extent, faster as compared to the increase in 2017 from 2016.

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Global Digital Biomarkers Market Highlights:

Regional demand estimation and forecast
Product Mix Matrix
RD Analysis
Cost-Benefit Analysis
Pre-commodity pricing volatility
Supply chain optimization analysis
Technological updates analysis
Raw Material Sourcing Strategy
Competitive Analysis
Mergers Acquisitions
Location Quotients Analysis
Carbon Footprint Analysis
Patent Analysis
Vendor Management

Competitive Landscape:

The latest study provides an insightful analysis of the broad competitive landscape of the global Digital Biomarkers market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Digital Biomarkers market and pinpoint the fundamental growth trends.

Key Companies Profiled in the Report are:

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 Parameters Analyzed in This Section:

Company Profiles
Gross Revenue
Profit margins
Product sales trends
Product pricing
Industry Analysis
Sales distribution channels

Regional Segmentation:

North America
Latin America
Europe
Middle East Africa
Asia Pacific

Key Points Covered in This Section:

Regional contribution
Estimated revenue generation
Vital data and information about the consumption rate in all the leading regional segments
An expected rise in market share
Forecast growth in the overall consumption rate

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Some Key Highlights from the Report

In September 2020, Koneksa, a firm engaged in the development and implementation of patient-specific digital biomarkers for use in the drug development process, declared the completion of Series B funding round worth USD 16.0 Million. Koneska intends to deploy the fund for the integration of wearables and other patient-specific technologies into clinical research by expanding its digital platform.
The low cost and improved scalability of digital biomarkers based on smartphone apps help in facilitating a prospective wealth of social, behavioral, psychological, and environmental data that were formerly inaccessible.
Recent psychiatric assessment approaches are resource-intensive and consume substantial time for evaluation. Digital biomarkers development is considered to hod immense prospects in allowing time-sensitive, scalable, and affordable assessment of symptom changes and psychiatric diagnosis.
North America held a significant digital biomarker market share in 2091 attributed to the high penetration of smartphones and wearable devices, along with the growing prevalence of lifestyle-related diseases, which, in turn, persuades consumers to monitor their vital signs for a better insight into health conditions.

Market Overview:

The report bifurcates the Digital Biomarkers market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

System Component Outlook (Revenue, USD Billion; 2017-2027)

Data Collection Tools

Digital Platforms
Mobile Apps
Desktop-Based Software
Wearable
Biosensors

Data Integration Systems

Therapeutic Area Outlook (Revenue, USD Billion; 2017-2027)

Cardiovascular Disease
Sleep and Movement Disease
Neurodegenerative Disorders
Psychiatric Disorder
Gastrointestinal Disease
Respiratory Disease
Diabetes
Others

End-Users Outlook (Revenue, USD Billion; 2017-2027)

Pharmaceutical Companies
Providers
Payers

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Additional information offered by the report:

Along with a complete overview of the global Cobots market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
The report elaborates on the global Cobots market size and share governed by the major geographies.
It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
It further presents a detailed description of the company profiles of the key market contenders.

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