Digital Biomarkers Market To Grow With Advancing Healthcare Industry During the Forecast Period
Evolving medical care facility is
driving the growth in Global Digital Biomarkers Market in the forecast period,
2022-2026.
According
to TechSci Research report, “Global Digital Biomarkers Market By Component (Data
Collection Tools {Digital Platforms, Mobile Apps, Desktop-Based Software,
Wearable, Others} v/s Data Integration Systems), By Type (Novel Digital
Biomarkers, Original Digital Biomarkers, Approved Digital Biomarkers), By
Therapeutic Area (Cardiovascular Diseases, Sleep & Movement Diseases,
Neurodegenerative Disorders, Psychiatric Disorder, Others), By End User
(Biotechnology & Pharmaceutical Companies, Payers, Providers, Others), By
Region, Competition Forecast & Opportunities, 2026”,
the global digital biomarkers market would potentially project an impressive
growth in the forecast period, 2022-2026, with an impressive CAGR on the
account of rapidly advancing and evolving healthcare sector. The surge in the
demand for the monitoring devices for pulse, blood pressure, heartbeat etc. are
further driving the growth of the global digital biomarkers market in the
upcoming five years. Moreover, increasing instances of the chronic diseases is
further substantiating the growth of the global digital biomarkers market in
the next five years.
Objective and countable physiological and
behavioral data is termed as digital biomarkers. This data is collected and
measured by using digital services. Medical devices that are portable,
wearable, implantable, or digestible is utilized for the process and aids in
diagnostic, prognostic, and monitoring purposes. Detailed analysis and
development of the technologically advanced methods of healthcare sections
provide great assistance for patients suffering from chronic diseases. In order
to compensate for the regular consultation and early symptom analysis the
procedures and devices aid the situation to great extents.
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The global digital biomarkers market is segmented
as component, type, therapeutic area, end user, competitional landscape, and
regional distribution. Based on component, the market is further fragmented
into data collection tools and data integration systems. Data integration
systems are expected to hold the largest revenue shares of the market and
dominate the segment in the upcoming five years on the account of feasible
source of information provisions the systems provide. Data integration systems
are a systematic procedure for consolidating data from disparate sources into a
single dataset with the ultimate goal of providing users with consistent access
and delivery of data across the spectrum of subjects and structure types, and
to meet the information needs of all applications and business processes. Data
collection tools are further differentiated into digital platforms, mobile
apps, desktop-based software, wearable, and others. Wearables are expected to
hold the significant shares of the market on the account of surging demand from
the consumers in the recent years.
ActiGraph, LLC, Akili Interactive Labs, Inc.,
AliveCor, Inc., Fitbit, Inc., HumanAPI Inc., Novartis International AG, Pfizer
Inc., F. Hoffmann-La Roche AG, Sanofi S.A., Takeda Pharmaceutical Company
Limited, Altoida AG, Biogen Inc., Evidation Health, Inc., Neurotrack
Technologies, Inc., Mindstrong, Inc., among others are some of the major market
giants that hold major revenue shares of the global digital biomarkers market.
Market players are actively involved in the research and technological
development in the product developments. The advanced technology has made it
possible for the industry to provide excellent services through digital
biomarkers. Further advancement would aid the market value and brand
establishment in the future five years. New market players may focus on the
research and development to provide options that satisfies the consumer demand
as well as benefits the market players in building their brand value. Other
competitive strategies include mergers & acquisitions and new product
developments.
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“North America is anticipated to hold
the largest shares of the future market growth. The healthcare industry of the
countries like United States and Canada are most advanced and well-established.
The factors like rapidly increasing number of patients suffering from chronic
diseases along with the surging demand for the wearable and portable monitoring
devices is anticipated to support the growth of the global digital biomarkers
market in the future five years. New market players must indulge in extended
research and development of the technologically advanced devices for the
monitoring thereby aiding their purpose of future brand establishment,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
Global management consulting firm. “Global Digital Biomarkers Market By Component (Data
Collection Tools {Digital Platforms, Mobile Apps, Desktop-Based Software,
Wearable, Others} v/s Data Integration Systems), By Type (Novel Digital
Biomarkers, Original Digital Biomarkers, Approved Digital Biomarkers), By
Therapeutic Area (Cardiovascular Diseases, Sleep & Movement Diseases,
Neurodegenerative Disorders, Psychiatric Disorder, Others), By End User
(Biotechnology & Pharmaceutical Companies, Payers, Providers, Others), By
Region, Competition Forecast & Opportunities, 2026”, has evaluated the future
growth potential of global digital biomarkers and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in global digital biomarkers market.
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