Global Digital Biomarkers Market Demonstrates Strong Growth Potential, Surpassing $1 Billion in 2020
The worldwide digital biomarkers market has experienced significant growth, surpassing the billiondollar mark in 2020, according to preliminary findings from a market analysis report. The report indicates a promising outlook for the market, driven by key factors such as the increasing prevalence of cancer and cardiac issues, the widespread adoption of smartphones and connected digital devices, and the robust adoption of health-related mobile applications.
For more information, please refer to the full report: https://www.fairfieldmarketresearch.com/report/digital-biomarkers-market
The rising incidence of cancer and chronic ailments, fueled by factors such as smoking, physical inactivity, and unhealthy food habits, has created a substantial need for digital biomarkers. These biomarkers enable continuous monitoring of diverse health characteristics and provide valuable insights for the diagnosis, prognosis, and therapy of complex diseases such as cancer. The demand for digital biomarkers is expected to continue to grow, presenting abundant opportunities for market expansion.
Furthermore, the global digital biomarkers market benefits from the growing incidence of chronic diseases, with respiratory disorders, cardiovascular diseases, and metabolic disorders being particularly prevalent. Monitoring digital biomarkers has shown tremendous potential in the market as it enables the assessment of essential symptoms and changes in health patterns in patients with chronic ailments. This trend is expected to drive the holistic growth of the market.
The number of clinical trials worldwide has been increasing steadily, driven by the growing incidence of chronic ailments and the need for effective therapeutics. Digital biomarkers play a crucial role in monitoring patients' health conditions and changes in health patterns, making them vital for clinical trials. The demand for digital biomarkers is projected to experience sharp spikes as the number of clinical trials continues to rise. Ongoing technological advancements, greater acceptance of tech-based tools in
clinical trials, and research and development initiatives are expected to be major trends in the global digital biomarkers market.
Among the key segments of the market, wearable devices hold a prominent position. Digital biomarkers primarily consist of wearable, portable, implantable, or digestible devices that collect objective, behavioral, and quantifiable physiological data. Wearables offer precise and patient-centric data, facilitating a deeper understanding of health-related outcomes. Wearable devices have gained significant traction in various medical fields, including oncology, diabetes, rehabilitation, cardiovascular diseases, and mental health. They enable the assessment of vital health indicators such as heart rate, step count, activity intensity, blood oxygen level, sleep-related outcomes, and sweating intensity, contributing to the development of personalized and versatile patient treatment plans.
Leading companies in the global digital biomarkers market include Neurotrack Technologies, Inc., ActiGraph LLC, AliveCor Inc., Brainomix, Kinsa Inc., Koneksa, Altoida Inc., Amgen Inc., Biogen Inc., Empatica Inc., Vivo Sense, IXICO plc, Imagine AI, Adherium Limited, Aural Analytic, Huma, Sonde Health, Inc., Clario, Feel Therapeutics, and ResApp (Pfizer). These industry leaders have established a strong foothold in the market through acquisitions, mergers, investments, and the provision of innovative tools and solutions for the biotechnological and pharmaceutical sectors.
The global digital biomarkers market is poised for further growth, driven by technological advancements, increasing research and development activities, and the need for improved healthcare outcomes. With the continued adoption of digital biomarkers, the market is expected to witness significant expansion in the coming years.
Read More: https://www.fairfieldmarketresearch.com/
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