Emergen Research's new report, titled 'Global Digital Biomarkers Market,' is methodically curated by our team of analysts with readers' comprehension in mind, and includes a comprehensive database of industry distribution. The report examines historical and current market scenarios in order to forecast the global Digital Biomarkers Market outlook over the forecast period (2020-2027). Researchers took a comprehensive approach to global market analysis, highlighting the factors that influence the market's overall growth. The research employs effective analytical tools such as SWOT analysis and Porter's Five Forces to examine the strengths, weaknesses, opportunities, and threats associated with the growth of various market segments.

According to a recent estimate by Emergen Research, the global market for digital biomarkers is expected to be valued USD 10.38 billion by 2027. The rising prevalence of chronic diseases is contributing to the market for digital biomarkers' quick expansion. The burden of chronic diseases is rapidly increasing globally, which is boosting market growth. The World Health Organization (WHO) has released statistics showing that the burden of chronic diseases is expected to increase by 57.0% from 2001 to 2020. Developing countries, which bear 60.0% of the burden of chronic diseases worldwide, are anticipated to be most affected.

An increase in healthcare expenditure and increased funding for healthcare R&D are significantly driving the digital biomarkers' market growth.  The healthcare expenditure in the US reached USD 3.60 trillion in 2018, an increase of 4.6% from the previous years. This rise in spending is, to some extent, faster as compared to the increase in 2017 from 2016.

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Global Digital Biomarkers Market Highlights:

• Regional demand estimation and forecast
• Product Mix Matrix
• R&D Analysis
• Cost-Benefit Analysis
• Pre-commodity pricing volatility
• Supply chain optimization analysis
• Technological updates analysis
• Raw Material Sourcing Strategy
• Competitive Analysis
• Mergers & Acquisitions
• Location Quotients Analysis
• Carbon Footprint Analysis
• Patent Analysis
• Vendor Management

Competitive Landscape:

The latest study provides an insightful analysis of the broad competitive landscape of the global Digital Biomarkers market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers & acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Digital Biomarkers market and pinpoint the fundamental growth trends.  

Key Companies Profiled in the Report are:

AliveCor Inc., Bayer AG, Evidation Health Inc., Fitbit Inc., Happify Health, Koninklijke Philips NV, Neurotrack Technologies Inc., GlaxoSmithKline Inc., Novartis International AG, F. Hoffmann-La Roche Ltd.

Key Parameters Analyzed in This Section:

• Company Profiles
• Gross Revenue
• Profit margins
• Product sales trends
• Product pricing
• Industry Analysis
• Sales & distribution channels

Regional Segmentation:

• North America
• Latin America
• Europe
• Middle East & Africa
• Asia Pacific

Key Points Covered in This Section:

• Regional contribution
• Estimated revenue generation
• Vital data and information about the consumption rate in all the leading regional segments
• An expected rise in market share
• Forecast growth in the overall consumption rate

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Some Key Highlights from the Report

• In September 2020, Koneksa, a firm engaged in the development and implementation of patient-specific digital biomarkers for use in the drug development process, declared the completion of Series B funding round worth USD 16.0 Million. Koneska intends to deploy the fund for the integration of wearables and other patient-specific technologies into clinical research by expanding its digital platform.
• The low cost and improved scalability of digital biomarkers based on smartphone apps help in facilitating a prospective wealth of social, behavioral, psychological, and environmental data that were formerly inaccessible.
• Recent psychiatric assessment approaches are resource-intensive and consume substantial time for evaluation. Digital biomarkers development is considered to hod immense prospects in allowing time-sensitive, scalable, and affordable assessment of symptom changes and psychiatric diagnosis.
• North America held a significant digital biomarker market share in 2091 attributed to the high penetration of smartphones and wearable devices, along with the growing prevalence of lifestyle-related diseases, which, in turn, persuades consumers to monitor their vital signs for a better insight into health conditions.

Market Overview:

The report bifurcates the Digital Biomarkers market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

• System Component Outlook (Revenue, USD Billion; 2017-2027)
  • Data Collection Tools

1. Digital Platforms
2. Mobile Apps
3. Desktop-Based Software
4. Wearable
5. Biosensors

• Therapeutic Area Outlook (Revenue, USD Billion; 2017-2027)
  • Cardiovascular Disease
  • Sleep and Movement Disease
  • Neurodegenerative Disorders
  • Psychiatric Disorder
  • Gastrointestinal Disease
  • Respiratory Disease
  • Diabetes
  • Others

• End-Users Outlook (Revenue, USD Billion; 2017-2027)
  • Pharmaceutical Companies
  • Providers
  • Payers

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Additional information offered by the report:

• Along with a complete overview of the global Cobots market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
• The report elaborates on the global Cobots market size and share governed by the major geographies.
• It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
• It further presents a detailed description of the company profiles of the key market contenders.

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