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Digital Biomarkers Market Overview
Digital biomarkers are shaping the future of medical interventions. Smart digital devices,
encompassing smartphones, tablets, smartwatches and other IoT gadgets, have
witnessed significant increase in their adoption, across the world.
The digital Biomarkers
Market is estimated to be USD 5.55 billion in 2024 and is projected to
reach USD 35.8 billion in 2035.
This trend is fueled by their ever-rising functionalities, such as
seamless connectivity, AI-driven personal assistants and health monitoring
features (by analyzing digital biomarkers).As these devices become economical
and technologically advanced, their ubiquity continues to grow.
Various firms in
the digital biomarkers domain are increasingly entering into collaborations
with local and internal players to expand their capabilities. The rising
interest in the digital biomarker domain is reflected in the wide array of
partnerships established between various stakeholders in the recent past.
Majority of the partnerships in this domain have been inked post-2020. Further,
product / technology integration agreements emerged as the most popular type of
partnership model over the years. In terms of intercontinental, as well as
intracontinental, most of the deals have been inked by players based in North
America. Further, companies based in the US have signed the maximum number of
local deals as well as international deals.
Presently, the near
about 40% of the sales revenues is generated by digital biomarker solutions for
monitoring, followed by 25% by digital biomarker solutions for predictive
insights. It is worth mentioning
that, in 2035, physiological biomarkers are likely to dominate the
digital biomarkers market.
Digital Biomarkers Market Key Players
Key players in
digital biomarkers domain include AliveCor, BACtrack, Biogen, BioSensics,
empatica, Eyenuk, Feel Therapeutics, icometrix, and Quibim
In terms of therapeutic area, the market is likely
to be dominated by neurological disorders. Furthermore, digital biomarker
solutions for B2C model capture 65% share of the overall digital biomarker
solutions market; however, this trend (in terms of market share) is
likely to change during the forecasted period, as developers are increasingly
adopting B2B business models in order to maintain sustained growth.
Digital Biomarkers Market Geographical Regions
Key Geographical
Regions of Digital Biomarkers Market include North America, Europe,
Asia-Pacific, Middle East and North Africa, and Rest of the World. Presently,
digital biomarker solutions in North America capture the around 45% share of
the overall digital biomarkers market, and this trend is unlikely to change in
the future. This is followed by the market share captured by Europe. Further,
the digital biomarker solutions market in Asia-Pacific is anticipated to grow
at a higher pace, having a CAGR of over 21%, during the forecast period.
Browse
Complete Report at: https://www.rootsanalysis.com/reports/digital-biomarkers-market.html
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