Press release
Psychiatric Digital Biomarkers Market to Reach USD 5,543.77 Million by 2034, Growing at a CAGR of 24.3%
The global psychiatric digital biomarkers market size was valued at USD 630.40 million in 2024. It is anticipated to generate an estimated revenue of USD 5,543.77 million by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust CAGR of 24.3% over the forecasted timeframe, 2025 to 2034.
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Market Overview
Lately, several studies have traversed the usage of data gathered from technologies involving wearables, smartphones, social media, and computer communication to distantly and consistently estimate a person's physiology and bearing within the fabric of their lives. Machine learning models process this data to recognize digital biomarkers linked with indications of depression, schizophrenia, and bipolar disorder. Mental health illnesses usually stay undetected or misdirected, possibly due to their diversity in the presentation because nonmental health clinicians frequently at the entry point of care are not armed for system checking. Admittance to inconspicuously and distantly gathered biomarkers can decrease abrasion to combine physiological and behavioral data important for comprehending daily mental health into patient care.
Market Dynamics
Growing Cases of Mental Health Illnesses: The growing existence of mental health illnesses involving anxiety, depression, and schizophrenia is notably causing market growth. As per Mental Health America, between 2021 and 2022, approximately 60 million grown-ups in the US encountered mental illness. As the global number of psychiatric conditions goes up, there is an escalating market demand for unbiased, data-propelled diagnostic and observation improvements to enhance early detection and treatment efficacy. This, in turn, is driving the psychiatric digital biomarkers market growth.
Technological Advancements: Advancements in wearable and mobile health technology are notably leading to market demand by enhancing convenience, accessibility, and real-time monitoring potential. The extensive adoption of smartwatches, biosensors, and mobile applications armed with mental health tracking benefits is driving the demand for non-invasive, consistent psychiatric examination instruments.
Market Key Players
Critical players functioning in the market are using various strategic developments to increase their market existence and improve their offerings. Major companies are noted below:
Biogen
Brainomix
Clario
Empatica Inc.
Huma
IXICO plc
Koneksa Health
PureTech Health PLC
Sonde Health, Inc.
VivoSense
Country-wise Insights
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Psychiatric Digital Biomarkers Industry Developments
In March 2024, Indivi formed a partnership with Biogen to accelerate the development of digital health technologies and digital biomarkers specifically targeting Parkinson's disease.
In July 2023, Quanterix introduced the LucentAD biomarker blood test to support physicians in diagnosing Alzheimer's disease. This test, which measures p-Tau 181, is designed to aid in evaluating patients exhibiting early cognitive symptoms linked to Alzheimer's, offering clinicians a simplified method to assess amyloid pathology.
Segmental Outlook
By Type Outlook (Revenue - USD Million, 2020-2034)
Wearable
Mobile-Based Applications
Sensors
Others
By Clinical Practice Outlook (Revenue - USD Million, 2020-2034)
Diagnostic Psychiatric Digital Biomarkers
Monitoring Psychiatric Digital Biomarkers
Predictive and Prognostic Psychiatric Digital Biomarkers
Others
By End Use Outlook (Revenue - USD Million, 2020-2034)
Healthcare Companies
Healthcare Providers
Payers
Others
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By region, the market is bifurcated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America held the largest psychiatric digital biomarkers market share in 2024 owing to the region's progressive healthcare structure, robust funding in digital health technologies, and the growing adoption of AI-driven health diagnostics.
Europe is the fastest-growing regional market owing to the region's growing concentration on digital health and government directives reinforcing mental health research.
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About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
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