Press release
Psychiatric Digital Biomarkers Market 2024: Key Trends, Innovations, and Market Outlook
Psychiatric Digital Biomarkers Market
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the [https://www.insightaceanalytic.com/report/psychiatric-digital-biomarkers-market/2637] By Type (Wearable, Mobile based Applications, Sensors) Clinical Practice (Diagnostic Psychiatric Digital Biomarkers, Monitoring Psychiatric Digital Biomarkers, Predictive and Prognostic Psychiatric Digital Biomarkers), End Use (Healthcare companies, Healthcare Providers, Payers), Industry Trends, and Global Forecasts, 2024-2031 And Segment Revenue and Forecast To 2031."
The Psychiatric Digital Biomarkers Market is estimated to reach over USD 2,879.7 Mn by 2031, exhibiting a CAGR of 24.7% during the forecast period.
Psychiatric digital biomarkers are created by measuring physiological and behavioral data gathered through digital devices such as wearables, smartphones, and other digital platforms, which provide objective and quantitative assessments. These biomarkers enable the evaluation, tracking, and prediction of mental health disorders. Advanced algorithms and machine learning techniques analyze the collected data to identify patterns associated with various mental health conditions. For example, machine learning-based voice analysis is used to derive digital biomarkers of cognitive functioning in trauma survivors, while dynamic tracking of changes in biomarkers helps in monitoring Alzheimer's disease, Parkinson's disease, frontotemporal dementia, depression, and schizophrenia. Additionally, touch screens, keyboards, and microphones serve as biomarkers for motor control and speech in Alzheimer's patients, respectively, facilitating a comprehensive approach to understanding and managing mental health conditions.
In March 2022, DTU Health Tech researchers created a technique that uses voice analysis to detect mood swings in patients and diagnose bipolar disorder in individuals, with customized models yielding the most accurate findings.
Get Free Access to Demo Report, Excel Pivot and ToC : [https://www.insightaceanalytic.com/request-sample/2637]
List of Prominent Players in the Psychiatric Digital Biomarkers Market:
* Koneksa
* Biogen Inc.
* BioSensics
* Empatica Inc.
* Vivo Sense
* IXICO plc
* Huma
* kintsugi health
* Sonde Health, Inc.
* Clario
* icometrix
* iMediSync
Expert Knowledge, Just a Click Away: [https://calendly.com/insightaceanalytic/30min?month=2024-02]
Market Dynamics:
Drivers
The rising rates of mental health conditions, such as depression, anxiety, and bipolar disorder, drive the demand for innovative diagnostic and monitoring solutions to manage these disorders effectively. Innovations in wearable technology, mobile applications, sensors, and data analytics have expanded the capabilities of digital biomarkers, making them more accessible and effective for mental health monitoring and management. Increased awareness of mental health issues and the benefits of digital health technologies has led to greater acceptance among patients and healthcare providers, boosting the adoption of digital biomarkers.
Challenges:
Ensuring the protection of sensitive mental health data is crucial. Compliance with data protection regulations, such as GDPR and HIPAA, is required to maintain patient trust and safeguard information from breaches is a significant challenge.
Regional Trends:
North America has the largest market share during the forecast period. The region benefits from well-established regulatory pathways, which facilitate the approval and adoption of new digital health technologies. The widespread use of telehealth and digital health solutions supports the growth of psychiatric digital biomarkers. However, The Asia-Pacific region is an emerging market for psychiatric digital biomarkers, with rapid technological advancements and increasing healthcare expenditure.
Empower Your Decision-Making with 180 Pages Full Report @ [https://www.insightaceanalytic.com/enquiry-before-buying/2637]
Recent Developments:
* In July 2024, have decided to work together on a cutting-edge mental health treatment program. Sonde Health will evaluate users' mental health daily using its clinically recognized Mental Fitness vocal biomarker technology. In the meantime, the biggest telecom provider in South Korea, KT Corporation, will provide the necessary services and infrastructure to support users in enhancing their mental well-being.
* In May 2023, iMediSync, Mila announced a collaboration with iMediSync, a company whose goal is to transform mental health with the application of artificial intelligence (AI) and a data-driven methodology. iMediSync is a global digital mental health firm with headquarters in Korea that specializes on near-infrared light emitting diodes (NIR-LED)-based precision digital treatments and brainwave-centered diagnostics for early screening and prediction of various brain illnesses.
Segmentation of Psychiatric Digital Biomarkers Market.
Global Psychiatric Digital Biomarkers Market - By Type
* Wearable
* Mobile based Applications
* Sensors
* Others
Global Psychiatric Digital Biomarkers Market - Clinical Practice
* Diagnostic Psychiatric Digital Biomarkers
* Monitoring Psychiatric Digital Biomarkers
* Predictive and Prognostic Psychiatric Digital Biomarkers
* Other's
Global Psychiatric Digital Biomarkers Market - End Use
* Healthcare companies
* Healthcare Providers
* Payers
* Others
Global Psychiatric Digital Biomarkers Market - By Region
North America-
* The US
* Canada
* Mexico
Europe-
* Germany
* The UK
* France
* Italy
* Spain
* Rest of Europe
Asia-Pacific-
* China
* Japan
* India
* South Korea
* Southeast Asia
* Rest of Asia Pacific
Latin America-
* Brazil
* Argentina
* Rest of Latin America
Middle East & Africa-
* GCC Countries
* South Africa
* Rest of the Middle East and Africa
Unlock Your GTM Strategy @ [https://www.insightaceanalytic.com/customisation/2637]
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Media Contact
Company Name: InsightAce Analytic Pvt. Ltd
Contact Person: Diana D'Souza
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=psychiatric-digital-biomarkers-market-2024-key-trends-innovations-and-market-outlook]
Country: United States
Website: https://www.insightaceanalytic.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Psychiatric Digital Biomarkers Market 2024: Key Trends, Innovations, and Market Outlook here
News-ID: 3635384 • Views: …
More Releases from ABNewswire
Atlanta's Trio Tailoring, LLC Celebrates Over a Decade of Making Custom Clothing …
Trio Tailoring, LLC marks more than ten years of serving Atlanta's professional community with affordable, high-quality custom clothing. The established clothier has become the go-to destination for wedding grooms, attorneys, and corporate professionals seeking personalized garments that deliver exceptional value without compromising on craftsmanship or style.
Since establishing its presence in Atlanta's fashion and professional apparel market over a decade ago, Trio Tailoring, LLC has built a loyal following among discerning…
Dr. Chris Chlebowski Introduces Axobotanica, a New Product and Education Brand B …
Internationally recognized educator and speaker Dr. Chris Chlebowski is bringing his two decades of professional experience to consumers through Axobotanica-a family-owned retail and education brand offering thoughtfully crafted products and clear, trustworthy information. The company reflects a commitment to quality, transparency, and meaningful customer experiences.
Axobotanica LLC launches as a new product and education brand shaped by nearly twenty years of professional experience. Co-founded by Dr. Chris Chlebowski, the platform blends…
Woman-Owned KinMarked LLC Emerges From 11-Year Journey as Tickle Bug Jewelry, Ce …
Lisa Tremblay announces the rebrand of her eleven-year-old hand-stamped jewelry business from Tickle Bug Jewelry to KinMarked LLC, reflecting an evolution from motherhood-focused pieces to jewelry that honors all of life's meaningful relationships and moments. The woman-owned company continues its commitment to handcrafted sterling silver and 14k gold-filled pieces that serve as tangible expressions of love, memory, and connection.
After eleven years of handcrafting personalized jewelry that marks life's most treasured…
Refine Wear LLC Champions Coastal Minimalism with Effortless Essentials for Inte …
New lifestyle brand Refine Wear LLC brings coastal minimalist aesthetic to the national market with collections designed to simplify closets and elevate everyday experiences. Rooted in a community of athletes, creatives, and intentional living advocates, the company offers timeless essentials that challenge fast-fashion culture while providing the versatility and quality that modern lifestyles demand.
Refine Wear LLC has launched with a clear mission to bring coastal minimalist principles to everyday wardrobes…
More Releases for Psychiatric
Revolutionizing Psychiatric Care: A Comprehensive Approach to Mental Health
In recent years, the landscape of psychiatric care has undergone a profound transformation, driven by advancements in research, technology, and a growing understanding of mental health disorders. This evolution has led to a more comprehensive and holistic approach to treatment, focusing not only on symptom management but also on addressing the underlying causes of mental illness. As society becomes increasingly aware of the importance of mental well-being, the demand for…
2nd World Congress on Neurological and Psychiatric Disorders
We would like to inform CME accredited “2nd World Congress on Neurological and Psychiatric Disorders” scheduled on November 21-22, 2019 in Malaysia in association with Geomatika University and Malaysia Society for Traumatology and Emergency Medicine.
10 Anson road, International Plaza, #22-02, Singapore 079903
Larix International is a group of prestigious publishers and global scientific conference organizers. Larix International is comprised of 20 Doctors, Engineers, Scientists, and Industrialists administrates the conferences and journals…
Psychiatric and Mental Health Nursing 2019
Psychiatric and Mental Health Nursing 2019 will prove to be a noteworthy event, with this we cherish mental health nursing by embracing the theme, “Fore-fronting nursing care to achieve mental wellness” , and would step forward to provide an opportunity to step in and join our family, as we bring and encourage to join professionals from the following areas of Mental Health, Psychology, Nursing, Physiology, Neurology, Healthcare, Education, Business to…
Video Telemedicine Market : Rising Number of Psychiatric Consultancy Cases.
Healthcare extracts the foremost attention and expense out of populations in comparison to all other aspects of life. But the number of medical practitioners and hospital facilities is limited, and confined mostly within metropolitan areas. Thanks to advancements in telecommunication technologies, it is now possible to remotely examine patients with the help of video telemedicine. And an up to date business intelligence study by Transparency Market Research (TMR) has urged…
Psychiatric Solutions’ Hughes Center Receives Special Accreditation
DANVILLE, Va. – (June 4, 2010) – The Hughes Center for Exceptional Children is proud to announce that it has received accreditation from the Virginia Association of Independent Specialized Education Facilities (VAISEF).
“We are very happy to be a part of VAISEF,” said Michael Triggs, chief executive officer of the Hughes Center, a Psychiatric Solutions, Inc. (PSI) facility. “It will help us provide innovative and quality education to the children at…
Psychiatric Solutions, Inc.‘s Heritage Oaks Adds 49 Beds
SACRAMENTO, Calif. - (May 12, 2010) - Responding to Northern California’s growing need for mental health services, Heritage Oaks Hospital is proud to announce its certification today by the California Department of Public Health of 49 additional licensed acute psychiatric beds totaling 125. The newly expanded and fully licensed hospital provides a comprehensive range of inpatient and outpatient psychiatric treatment services to adults, senior adults and adolescents.
“Due to impending state…
