Digital Biomarkers Market Segmentation:
Application Segment Analysis
The neurological segment is poised to dominate the digital biomarkers market over the assessed timeline with 32% of the revenue share. The leadership is primarily driven by the enlarging patient pool of Alzheimer's and Parkinson's disease. The presence of several clinical studies demonstrating the therapeutic and economic advantages of AI-powered tools in detecting and treating neurological diseases is escalating adoption in this category. According to Parkinson’s Foundation, more than 1.1 million people in the U.S. are suffering from Parkinson’s disease. These factors are augmenting the segment growth during the coming period.
Type Segment Analysis
The wearable segment is predicted to garner the maximum share, mainly because wearables are considered to be the most comfortable choice for the consumer as a continuous monitoring tool. These devices can capture real-time physiological data in very natural settings. The subsegment growth can also be attributed to the rising consumerism of healthcare. People are now actively seeking tools that track health with the use of devices from popular brands such as Apple, Fitbit, etc. Also, continuous advancements in sensors such as SpO2 and ECG are giving more accurate insights and are highly preferred by people.
End-user Segment Analysis
Hospitals and clinics mainly hold the largest market share, and the leadership stems from their primary position in delivering patient care. Hospitals and clinics are relying on wearable devices and AI-enabled analytics to get the behavioral data of the patients. The burgeoning burden of chronic diseases and demand for minimally invasive monitoring are further propelling the segment growth. Healthcare providers are the early adopters of remote patient monitoring for giving post-discharge care. Hospitals are integrating electronic health records from the digital biomarkers, which is reinforcing the largest share in the market.
Our in-depth analysis of the global market includes the following segments:
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