Press release
Digital Biomarkers Enables Tracking of Longitudinal Insights into Diseases
The digital biomarkers industry generates $1,850 million revenue in 2021, and it is projected to capture $21,986.2 million revenue in 2030, advancing at a rate of 31.6%. The rising prevalence of chronic diseases and technological advancements in digital healthcare systems drive the industry.
Market Overview@ https://www.psmarketresearch.com/market-analysis/digital-biomarkers-market
Digital biomarkers are the foundation for precision medicine as they provide strong evidence of patient outcomes. Moreover, the advancing healthcare system to deliver a value-based paradigm leads to the rising adoption of innovative solutions such as digital biomarkers. The major goal to attain such technological advancements is to enhance tailored care delivery for a better analysis of the healthcare information of the patients.
Healthcare providers are increasingly using digital markers to provide improved patient safety and quality care. The remote data collection of patients suffering from chronic diseases allows the timely diagnosis before the worsening of diseases. It also leads to improvements in hospital readmission and duration of stay, led by effective disease management and patient outcomes.
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Moreover, digital biomarkers can enable longitudinal insights into diseases that have progressed over time. Such novel insights cannot be tracked by current diagnostic tests for diseases such as Alzheimer's disease, depression, and dementia. Furthermore, the rising engagement of patients has facilitated them to track their health and set their own goals for improved medication adherence and disease handling led by lifestyle interventions.
Wearable devices are increasingly being used for developing highly personalized and adaptable treatment plans. It allows prompt therapeutic intervention implementation based on minor changes in the health patterns.
The cardiovascular application of digital biomarkers contributes an extensive share to the industry revenue, accounting for 20%. It is led by the growing prevalence of cardiovascular disorders, which causes 32% of the global mortality, with an estimated death of 17.9 million people each year, according to a government source.
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