Digital Biomarkers Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Digital Biomarkers Market is segmented by Type (Data Collection Tools and Data Integration Tools), Clinical Practice (Monitoring Digital Biomarkers, Diagnostic Digital Biomarkers, Predictive and Prognostic Digital Biomarkers, and Other Clinical Practices), Therapeutic Area (Cardiovascular and Metabolic Disorders, Respiratory Disorders, Neurological Disorders, Musculoskeletal Disorders, and Other Therapeutic Areas), End User (Pharmaceutical Companies, Healthcare Providers, Payers, and Other End Users), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report offers the value (in USD million) for the above segments.

Digital Biomarkers Market Size

Digital Biomarkers Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 20.50 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Medium

Major Players

Digital Biomarkers Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Digital Biomarkers Market Analysis

The digital biomarkers market is expected to register a CAGR of 20.5% over the forecast period.

The COVID-19 pandemic amplified the use of digital biomarkers during the lockdown period. The digital biomarkers were primarily used for predictive and prognostic, as well as monitoring purposes during the COVID-19 Pandemic. Also, the emergence of remote patient monitoring as an important approach in the management of COVID-19 patients was responsible for driving the demand for digital biomarkers. Moreover, the players operating in the market introduced innovative solutions during the COVID-19 period to cater to the unmet needs of the customers. For instance, in September 2022, researchers from the Institute of Data Science, Maastricht University, developed a mobile application to detect the changes in the voice of the user to detect COVID-19 infection. The application is more efficient and cost-effective as compared to the other COVID-19 tests available in the market.

Moreover, the increasing usage of wearables attributed to the growing awareness about fitness and well-being after COVID-19 was one of the factors driving the demand for digital biomarkers. Furthermore, the majority of the clinical trials were disturbed due to the lockdown imposed by the governments. Drug developers and digital biomarker solution providers came up with advanced products and platforms to tackle the obstacles in decentralized clinical trials. For instance, in October 2022, Thermo Fisher Scientific Inc. announced the launch of the PPD Decentralized Clinical Trials Network in order to provide valuable insights related to the Decentralized Clinical Trials for pharmaceutical and biotech customers. Hence, the introduction of new solutions in the market is anticipated to drive the demand for digital biomarkers in near future.

Moreover, the increasing prevalence of chronic diseases in developing, as well as developed countries across the globe, is anticipated to support the use of digital biomarkers for remote patient monitoring. According to the report published by the American heart association, in 2020, the global age-adjusted prevalence rate of cardiovascular disease was 7,354.1 per 100,000 individuals and more than 244.1 million individuals were living with ischemic heart disease across the globe. Moreover, the introduction of innovative and easy-to-use wearables by market players to detect various vital signs is also augmenting the demand for digital biomarkers. For instance, in November 2022, Shimmer Research, launched Verisense Digital Health Panel (DHP) to provide clinical researchers with access to raw, real-world, digital health ground-truth sensor data.

Additionally, the increasing number of clinical trials with the growth in investment research and development of various therapeutics to manage chronic conditions is expected to drive the demand for digital tools including digital biomarkers. According to the data published by the WHO International Clinical Trials Registry Platform (ICTRP), around the world, more than 59,000 clinical trials were active in 2020. Thus, the large number of ongoing clinical trials is accountable for the surge in demand for digital biomarkers.

Therefore, owing to the factors mentioned in the above paragraphs the studied market is anticipated to witness growth over the analysis period. However, high product costs along with data security concerns hinder the market growth.

Digital Biomarkers Market Trends

This section covers the major market trends shaping the Digital Biomarkers Market according to our research experts:

Monitoring Digital Biomarkers Segment is Anticipated to Show Significant Growth Over the Forecast Period

Digital biomarkers are commonly used for monitoring, diagnostic, predictive, and prognostic purposes. The monitoring digital biomarkers accounted for the maximum market share and are likely to show prominent growth during the forecast period. The monitoring digital biomarkers are primarily used in the monitoring of vital signs of patients suffering from various chronic diseases including cardiovascular and metabolic disorders, respiratory disorders etc. The growing prevalence of chronic diseases is expected to drive the demand for monitoring digital biosensors in near future. As per the report published by the World Health Organization in May 2022, the number of patients suffering from respiratory diseases around the world is close to 246 million in 2022.

Moreover, the developments and introductions of innovative products in this segment are also important factor in the rising adoption of monitoring digital biomarkers in the forecast period. For instance, in September 2022, Nutromics secured USD 14 million funding from Dexcom Ventures for the development of a platform 'lab-in-a-patch' that uses DNA sensor technology to track multiple targets in the human body, including disease biomarkers and hard-to-dose drugs. Thus, the increasing number of new product launches is anticipated to drive the demand for effective digital biomarkers in near future.

Therefore, the monitoring digital biosensors segment is expected to witness significant growth over the forecast period owing to the increase in the prevalence of chronic diseases and introduction of innovative products in the market.

Digital Biomarker Market: Number of Registered Clinical Trial Studies, by Location (as of January 16, 2023)

North America is Expected to Dominate the Digital Biomarkers Market

North America is expected to dominate the market owing to factors such as the rising prevalence of chronic diseases, the growing number of clinical trials in the United States, availability of technologically advanced products in the region. According to the report published by the Centers for Disease Control and Prevention, in 2022, around 20.1 million U.S. adults suffer from coronary artery disease, and 805,000 Americans have a heart attack each year. Additionally, according to the data published by the International Clinical Trials Registry Platform (ICTRP), more than 11,000 clinical trials are active in the United States. Thus, the large number of ongoing clinical trials and growing number of chronic diseases is supporting the market growth in the region.

Also, the increasing technological advancements by market players and the presence of key players in the region is also responsible for the driving demand for digital biomarkers. For instance, in February 2022, ActiGraph announced launch of CPIW 2.0 f or the continuous tracking of real-world movement and sleep behaviors in clinical trial participant.

Therefore, owing to the abovementioned factors the growth of the studied market is anticipated in the North America Region.

Digital Biomarkers Market - Growth Rate by Region

Digital Biomarkers Industry Overview

The digital biomarkers market is moderately fragmented in nature due to the presence of several companies operating globally as well as regionally. The competitive landscape includes an analysis of a few international as well as local companies which hold market shares and are well known. include Akili, Inc., ActiGraph, LLC., AliveCor, Inc., Fitbit Health Solutions, Empatica Inc., Biogen, F. Hoffmann-La Roche Ltd., Koneksa, IXICO plc, and Huma, among others.

Digital Biomarkers Market Leaders

  1. ActiGraph

  2. Fitbit Health Solutions

  3. Biogen

  4. F. Hoffmann-La Roche Ltd.

  5. Huma

*Disclaimer: Major Players sorted in no particular order

Digital Biomarkers Market Concentration
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Digital Biomarkers Market News

  • In October 2022, Koneksa announced the launch of its clinical pipeline including biomarkers in neuroscience, oncology, respiratory, and other therapeutic areas.
  • In October 2022, Spren secured more than USD 11 million in seed capital to launch camera-enabled biomarker platform.

Digital Biomarkers Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Prevalence of Chronic Diseases

      2. 4.2.2 Growing Number of Clinical Trials

      3. 4.2.3 Technological Advancements in Digital Biomarkers

    3. 4.3 Market Restraints

      1. 4.3.1 High Product Cost

      2. 4.3.2 Data Security Concerns

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 5.1 By Type

      1. 5.1.1 Data Collection Tools

      2. 5.1.2 Data Integration Tools

    2. 5.2 By Clinical Practice

      1. 5.2.1 Monitoring Digital Biomarkers

      2. 5.2.2 Diagnostic Digital Biomarkers

      3. 5.2.3 Predictive and Prognostic Digital Biomarkers

      4. 5.2.4 Others

    3. 5.3 By Therapeutic Area

      1. 5.3.1 Cardiovascular and Metabolic Disorders

      2. 5.3.2 Respiratory Disorders

      3. 5.3.3 Neurological Disorders

      4. 5.3.4 Musculoskeletal Disorders

      5. 5.3.5 Others

    4. 5.4 By End User

      1. 5.4.1 Pharmaceutical Companies

      2. 5.4.2 Healthcare Providers

      3. 5.4.3 Payers

      4. 5.4.4 Others

    5. 5.5 Geography

      1. 5.5.1 North America

        1. 5.5.1.1 United States

        2. 5.5.1.2 Canada

        3. 5.5.1.3 Mexico

      2. 5.5.2 Europe

        1. 5.5.2.1 Germany

        2. 5.5.2.2 United Kingdom

        3. 5.5.2.3 France

        4. 5.5.2.4 Italy

        5. 5.5.2.5 Spain

        6. 5.5.2.6 Rest of Europe

      3. 5.5.3 Asia-Pacific

        1. 5.5.3.1 China

        2. 5.5.3.2 Japan

        3. 5.5.3.3 India

        4. 5.5.3.4 Australia

        5. 5.5.3.5 South Korea

        6. 5.5.3.6 Rest of Asia-Pacific

      4. 5.5.4 Middle East and Africa

        1. 5.5.4.1 GCC

        2. 5.5.4.2 South Africa

        3. 5.5.4.3 Rest of Middle East and Africa

      5. 5.5.5 South America

        1. 5.5.5.1 Brazil

        2. 5.5.5.2 Argentina

        3. 5.5.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Akili, Inc.

      2. 6.1.2 ActiGraph, LLC.

      3. 6.1.3 AliveCor, Inc.

      4. 6.1.4 Fitbit Health Solutions

      5. 6.1.5 Empatica Inc.

      6. 6.1.6 Biogen

      7. 6.1.7 F. Hoffmann-La Roche Ltd.

      8. 6.1.8 Koneksa

      9. 6.1.9 IXICO plc

      10. 6.1.10 Huma

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments
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Digital Biomarkers Industry Segmentation

Digital biomarkers are digital devices such as portables, wearables, implantables, or digestible used to collect objective, quantifiable physiological and behavioral data. The data collected is majorly used in the understanding of health-related outcomes. The digital biomarkers market is segmented by Type (Data Collection Tools and Data Integration Tools), Clinical Practice (Monitoring Digital Biomarkers, Diagnostic Digital Biomarkers, Predictive and Prognostic Digital Biomarkers, and Other Clinical Practices), Therapeutic Area (Cardiovascular and Metabolic Disorders, Respiratory Disorders, Neurological Disorders, Musculoskeletal Disorders, and Other Therapeutic Areas), End User (Pharmaceutical Companies, Healthcare Providers, Payers, and Other End Users), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.

By Type
Data Collection Tools
Data Integration Tools
By Clinical Practice
Monitoring Digital Biomarkers
Diagnostic Digital Biomarkers
Predictive and Prognostic Digital Biomarkers
Others
By Therapeutic Area
Cardiovascular and Metabolic Disorders
Respiratory Disorders
Neurological Disorders
Musculoskeletal Disorders
Others
By End User
Pharmaceutical Companies
Healthcare Providers
Payers
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America
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Digital Biomarkers Market Research FAQs

The Digital Biomarkers Market is projected to register a CAGR of 20.5% during the forecast period (2024-2029)

ActiGraph, Fitbit Health Solutions, Biogen, F. Hoffmann-La Roche Ltd. and Huma are the major companies operating in the Digital Biomarkers Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Digital Biomarkers Market.

The report covers the Digital Biomarkers Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Digital Biomarkers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Digital Biomarkers Industry Report

Statistics for the 2024 Digital Biomarkers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Digital Biomarkers analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Digital Biomarkers Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)