Press release
Psychiatric Digital Biomarkers Market Benefits from Increased Telehealth Usage and AI-Driven Predictive Mental Health Platforms
Psychiatric Digital Biomarkers Market
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.
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Psychiatric digital biomarkers are derived from the continuous collection and analysis of physiological and behavioral data captured through digital platforms such as smartphones, wearable devices, and other connected technologies. These biomarkers offer objective, quantifiable metrics that facilitate the diagnosis, monitoring, and prognosis of various psychiatric and neurodegenerative disorders. Leveraging advanced analytics and machine learning algorithms, these technologies enable the identification of patterns correlated with specific mental health conditions.
For instance, voice analysis powered by artificial intelligence has demonstrated potential in assessing cognitive function among individuals who have experienced trauma, while dynamic monitoring of biomarker fluctuations supports the clinical management of conditions such as Alzheimer's disease, Parkinson's disease, frontotemporal dementia, depression, and schizophrenia. Furthermore, user interactions with devices-via touchscreens, keyboards, and microphones-can be evaluated to assess motor function and speech impairments, particularly in patients with Alzheimer's disease, providing a holistic view of neurological health.
Notably, in March 2022, researchers at DTU Health Tech introduced an innovative voice analysis method to identify mood fluctuations and assist in the diagnosis of bipolar disorder. The study emphasized that personalized algorithmic models yielded the most precise diagnostic outcomes.
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
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Market Dynamics
Drivers:
The increasing prevalence of mental health disorders-including depression, anxiety, and bipolar disorder-is significantly contributing to the demand for advanced diagnostic and monitoring tools aimed at improving patient outcomes. Technological progress in wearable devices, mobile health applications, biosensors, and data analytics has enhanced the accuracy, usability, and reach of digital biomarkers, solidifying their role in the management of psychiatric conditions. Additionally, heightened awareness of mental health and the growing recognition of the benefits of digital health solutions have led to greater acceptance among patients and healthcare professionals, thereby supporting broader adoption of psychiatric digital biomarkers.
Challenges:
A major challenge confronting the psychiatric digital biomarkers market is the protection of sensitive patient data. Ensuring compliance with data privacy and security regulations-such as the General Data Protection Regulation (GDPR) and the Health Insurance Portability and Accountability Act (HIPAA)-is essential to maintaining patient trust, mitigating legal risks, and preventing potential data breaches.
Regional Trends:
North America is expected to maintain the largest share of the psychiatric digital biomarkers market throughout the forecast period, supported by a robust regulatory environment that enables the timely approval and integration of digital health innovations. The region's widespread use of telehealth services and digital healthcare infrastructure further facilitates market growth. Meanwhile, the Asia-Pacific region is anticipated to experience significant expansion, driven by rapid technological adoption, increasing healthcare expenditure, and rising interest in digital health solutions across emerging economies.
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.
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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
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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.
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