Digital Biomarkers Market Size, Trends, Growth Factors, Regional Segment Revenue Analysis, 2035

Digital Biomarkers Market Overview

In pursuit of building a competitive edge in Digital biomarkers market stakeholders are actively upgrading their existing capabilities to enhance their Product Portfolios and comply with the evolving industry benchmarks.

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.

Digital Biomarkers Market Segmentation

Digital Biomarkers Market include Distribution by Type of Product (Software / Applications, Wearables, and Others), Purpose of Solution (Diagnosis, Early Detection, Monitoring, and Predictive Insights), Type of Biomarker (Cognitive, Idiosyncratic, Physiological, Vocal, and Others), Therapeutic Area (Autoimmune Disorders, Cardiovascular Disorders, Infectious Disorders, Mental Health Disorders, Neurological Disorders, Respiratory Disorders, Substance Abuse Disorders and Others), Business Model (B2B and B2C) and Key Geographical Regions (North America, Europe, Asia-Pacific, Middle East and North Africa, and Rest of the World).

The digital biomarker solution offered by Altoida, MSIntuit CRC (Owkin), ActiGraph LEAP (ActiGraph) and ObvioGo (ObvioHealth) emerged as the most competent digital biomarker solutions in terms of product portfolio strength.

Digital Biomarkers Market Key Players

Key players in digital biomarkers domain are AliveCor, BACtrack, Biogen, BioSensics, empatica, Eyenuk, Feel Therapeutics, icometrix, and Quibim.

Further, the digital biomarker solution offered by Altoida is an AI-powered tool that enables predictive diagnosis of Alzheimer's disease through a smartphone / tablet application; the company claims to have developed this solution, owing to its cognitive research of 20 years. Notably, it has been validated in over 200 independent studies, and is currently being used in clinics across Brazil, Europe and the US. Further, Owkin’s MSIntuit CRC is a deep learning software that is used by healthcare professionals for analyzing (risk assessment, screening, diagnosis and prognosis) primary coleorectal cancer, by identification of imaging biomarkers.

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.

Further, over 765 patents related to digital biomarkers have been filed / granted, indicating the heightened pace of innovation in this domain. Around 75% of the patents in this domain were patent applications (not having received approval yet).Further, 50% of the patents were filed / granted in North America, followed by 34% filed / granted in WIPO and 8% each in Europe and Asia-Pacific. Despite the large number of patents that have been filed recently (and hence having a long remaining patent life), only 3% of the total patents filed in this domain have a significantly higher relative valuation. This is primarily because of the relatively low citations of the patents that have been filed recently, leading to low patent value.

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.

Considering the enormous opportunities associated with this segment of biomarkers, investors have readily extended funds, worth over USD 3 billion (across 160 instances), during the period 2015-2024 (till February). The maximum number of funding instances were reported in 2023, amounting to approximately USD 194 million. Further, around 50% of the instances were of venture capital financing (amounting to over USD 2.6 billion).

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