Global Digital Biomarkers Market

Digital Biomarkers Market Size, Share, Growth Analysis, By Type(Wearable, Mobile based Applications, Sensors, Others), By Clinical Practice(Diagnostic digital biomarkers, Monitoring digital biomarkers, Predictive and Prognostic digital biomarkers, Others), By Therapeutic Area(Cardiovascular and metabolic disorders (CVMD), Respiratory disorders, Psychiatric disorders, Sleep & Movement Disease), By End-Use(Healthcare companies, Healthcare Providers, Payers, Others (Patient), By Region - Industry Forecast 2025-2032


Report ID: SQMIG35G2218 | Region: Global | Published Date: August, 2024
Pages: 219 | Tables: 128 | Figures: 77

Digital Biomarkers Market Dynamics

Digital Biomarkers Market Drivers

Increasing Prevalence of Chronic Illnesses 

  • The incidence of diabetes, hypertension, and cardiovascular conditions continues to escalate and underlines the growing demand for digital biomarkers. Digital biomarkers offer crucial information that ensures immediate reaction and uninterrupted monitoring by healthcare systems towards chronic illnesses. It encourages best management practices that allow patients to stay healthy for longer periods and to be hospitalized fewer times, thus contributing toward improved quality of life while reducing healthcare expenditure. 

Increase in Patient Involvement in Healthcare 

  • The consumer involvement in managing health has dramatically evidenced change with the coming of the health-conscious lifestyle. With wearable technology and smartphone applications, a digital biomarker can be made more frequently by people for better knowledge of their general wellbeing by observing their health measurements. In that respect, being proactive empowers people about their health; therefore, the approach towards taking on health management fosters a more cooperative connection between patients and healthcare professionals alike and accelerates the uptake of digital health technology. 

Restraints  

Lack of Clinical Validity 

  • A lot of promise is displayed by digital biomarkers, but most of them lack clinical validation, a strong prerequisite for implementing and mainstream adoption by medical practitioners. There will be questions on accuracy and dependability because of the missing intensive research that verifies its efficacy in practical and real contexts. Without validated digital biomarkers, their general acceptance and incorporating them into routine treatment protocols may be limited when physicians need to only apply evidence-based tools within their realm of practice. 

Accessibility Concerns and Health Inequalities 

  • Socioeconomic limitations in accessing digital biomarkers could be the reasons for health inequalities. Conversely, the adoption of digital health solutions may require huge drawbacks, such as unequal access to technologies and even internet and healthcare resources by different populations. Consequently, public health may lack the needed total impact of these advancements due to this inequality, which creates a gulf between those who can benefit and cannot from these digital biomarkers.
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FAQs

Digital Biomarkers Market size was valued at USD 2.96 Billion in 2023 and is poised to grow from USD 3.61 Billion in 2024 to USD 17.6 Billion by 2032, growing at a CAGR of 21.9% during the forecast period (2025-2032).

The global digital biomarkers market outlook is characterized by rapid technical breakthroughs, intense rivalry, and new investment. Companies in this sector are directing their attention to partnerships, collaborations, innovative products, and mergers and acquisitions to obtain a competitive advantage. Companies are investing in R&D to produce new, advanced products with the most modern features and capabilities. 'ActiGraph LLC (US) ', 'AliveCor Inc. (US) ', 'Koneksa (US) ', 'Altoida Inc. (US) ', 'Amgen Inc. (US) ', 'Biogen Inc. (US) ', 'Empatica Inc. (US) ', 'IXICO plc (UK) ', 'Adherium Limited (New Zealand) ', 'Neurotrack Technologies, Inc. (US) ', 'Aural Analytics (US) ', 'Huma (UK) ', 'Sonde Health, Inc. (US) ', 'Clario (US) ', 'Imagene AI (Israel) ', 'Brainomix (UK) ', 'Kinsa Inc. (US) ', 'Solve.Care (Estonia) ', 'HIVE Blockchain Technologies Ltd. (Canada) ', 'Encrypgen (US) ', 'Sana Benefits (US) ', 'Healthereum (US) ', 'Patientory (US) '

The incidence of diabetes, hypertension, and cardiovascular conditions continues to escalate and underlines the growing demand for digital biomarkers. Digital biomarkers offer crucial information that ensures immediate reaction and uninterrupted monitoring by healthcare systems towards chronic illnesses. It encourages best management practices that allow patients to stay healthy for longer periods and to be hospitalized fewer times, thus contributing toward improved quality of life while reducing healthcare expenditure. 

Integration of AI: One of the major digital biomarkers market trends is the integration of AI. It may be that all wearables and health application-generated data could end up processed by AI algorithms and result in patterns and insights that doctors might not immediately identify. That said, however, this trend enables more proactive and individualized approaches to healthcare, better management of an illness, and better results by improving the predictive power of the digital biomarkers. 

North America secured the highest digital biomarkers market share in 2023 at 58.4% compared to other markets, leading to increased R&D spending, the presence of major market players, growing acceptance of smart devices, major product launches, and the growing knowledge of the efficacy of digital biomarkers in that region. The market is also expanding due to the growing number of programs encouraging healthcare infrastructure construction. The Digital Biomarker Summit USA, organized in Tarrytown, New York, by the Digital Biomarkers Summit USA event in May 2024, featured and presented key notes and a discussion on the topic: digital biomarkers in clinical trials, bringing instances with wearable technology that provide aspects of AI integration. In addition, digital phenotyping and how this affects observational research was investigated. It has also focused on new innovations and improvements in regulatory preparedness to embrace these cutting-edge endpoint measurement techniques. These are expected to sustain a high requirement of uptake and breadth of digital biomarker in the region. 

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Global Digital Biomarkers Market

Report ID: SQMIG35G2218

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