The worldwide digital neuro biomarkers market dimension was estimated to be USD 0.745 billion in 2023 and is predicted to achieve USD 8.96 billion by 2034 with a CAGR of 25.36% throughout the forecast interval 2024-2034.
The rising prevalence of neurological problems, technological developments, elevated curiosity in personalised drugs, the rise in distant monitoring and telemedicine, the necessity for early detection and preventive measures, the expansion in medical trials and drug improvement, and the growing adoption in sports activities drugs will drive market progress.
Current developments in wearable units, smartphones, synthetic intelligence (AI), and machine studying (ML) have considerably improved the gathering and evaluation of neuro biomarkers, facilitating steady monitoring and early detection of neurological circumstances. ?A key improvement on this area is BrainTale’s BrainTale Care digital biomarker platform, which obtained CE marking in March 2023, marking a big milestone. ? These improvements are anticipated to drive substantial market progress in South Africa, reflecting an growing demand for superior neurological monitoring options that improve affected person outcomes.
North American area is anticipated for the very best income share throughout the forecast interval owing to the presence of superior healthcare infrastructure, vital investments in analysis and improvement, a excessive prevalence of neurological problems, and a powerful concentrate on progressive applied sciences within the medical area.
Moreover, the Asia Pacific area is predicted to develop on the quickest CAGR throughout the forecast interval owing to the growing inhabitants, rising consciousness about neurological well being, rising adoption of digital well being applied sciences, and authorities initiatives geared toward enhancing healthcare companies. For instance, BrainStorm Cell Therapeutics Inc., a distinguished developer of mobile therapies for neurodegenerative illnesses, introduced the peer-reviewed publication of Part 3 biomarker findings within the journal *Muscle and Nerve*. This analysis signifies that debamestrocel, also called NurOwn, an investigational cell remedy, could have an effect on key biomarkers in amyotrophic lateral sclerosis (ALS) which can be related to illness development.
By kind, the wearable phase accounted for the very best revenue-grossing phase within the international digital neuro biomarkers market in 2023 owing to the growing adoption of wearable units for steady and real-time monitoring of neurological circumstances, ease of use, and the flexibility to gather giant quantities of knowledge for personalised care.
As an illustration, in January 2023, Cambridge Cognition, recognized for its digital instruments for measuring mind well being, introduced the acquisition of Winterlight, a famend establishment for detecting cognitive decline by way of evaluation of spontaneous speech. Moreover, the cellular software phase is predicted to develop on the quickest CAGR throughout the forecast interval owing to the widespread adoption of smartphones, the rising use of cellular well being purposes for distant monitoring, and the growing improvement of AI-powered apps for neuro well being monitoring.
By medical observe, the diagnostic phase accounted for the very best revenue-grossing phase within the international digital neuro biomarkers market in 2023 owing to the rising demand for early detection of neurodegenerative illnesses, developments in diagnostic applied sciences, and the growing want for exact, non-invasive diagnostic instruments.
As an illustration, In Could 2024, the Royal School of Surgeons in Eire (RCSI) introduced a brand new research in cooperation with Head Diagnostics. This venture goals to enhance a number of sclerosis (MS) evaluation and monitoring utilizing subtle diagnostic approaches. By way of integrating trendy applied sciences and methodology, the venture intends to extend the accuracy and effectiveness of MS care, ultimately benefiting sufferers with extra exact monitoring and individualized therapy approaches. Moreover, the monitoring phase is predicted to develop on the quickest CAGR throughout the forecast interval owing to the rising concentrate on steady affected person monitoring, the necessity for long-term monitoring of illness development, and the growing use of digital instruments for real-time neurological well being assessments.
By end-user, the healthcare firms phase accounted for the very best revenue-grossing phase within the international digital neuro biomarkers market in 2023 owing to the large-scale use of neuro biomarkers in medical trials, drug improvement, and growing investments in R&D for neurodegenerative illness remedies.
As an illustration, in March 2024, Indivi, introduced a partnership with Biogen to advance digital well being applied sciences and create digital biomarkers for Parkinson’s sickness. Beneath this settlement, Biogen’s Konectom platform might be licensed to Indivi. With Konectom, a digital biomarker system based mostly on smartphones, neurological processes could also be assessed remotely, enabling extra frequent and correct monitoring of the onset of illness. Moreover, the healthcare suppliers phase is predicted to develop on the quickest CAGR throughout the forecast interval owing to the elevated adoption of digital biomarkers for affected person care, the mixing of those instruments in routine medical observe, and the rising concentrate on personalised therapy methods based mostly on biomarker information.
Key Attributes:
Report Attribute
Particulars
No. of Pages
200
Forecast Interval
2023 – 2034
Estimated Market Worth (USD) in 2023
$0.75 Billion
Forecasted Market Worth (USD) by 2034
$8.96 Billion
Compound Annual Development Price
25.3%
Areas Coated
World
Report Scope:
Base Yr: 2023
Forecast Interval: 2024-2034
Examine Protection
Market Forecast by Kind, Medical Observe, and Finish-Consumer
Market Forecast for five Areas and 17+ International locations
North America (U.S. and Canada)
Europe (Germany, France, UK, Spain, Italy, Russia, Remainder of Europe)
Asia Pacific (China, Japan, India, Australia, South Korea, Remainder of APAC)
Latin America (Brazil, Mexico, Argentina, Remainder of LATAM)
MEA (South Africa, GCC, Remainder of MEA)
Exhaustive Firm Profiles of the High 10+ Main Market Gamers
20% Free Customization Obtainable to Meet Your Precise Requirement.
Firms Featured
BrainStorm Cell Therapeutics Inc.
BioVie Inc.
Cogstate Ltd.
Biogen Inc.
Eli Lilly and Firm
H. Lundbeck A/S
IXICO plc
GE Healthcare
Koninklijke Philips N.V.
F. Hoffmann-La Roche Ltd.
Neurotrack Applied sciences Inc.
Pear Therapeutics Inc.
Altoida Inc.
Verily Life Sciences (a subsidiary of Alphabet Inc.)
Quest Diagnostics Included.
Digital Neuro Biomarkers Market Evaluation & Forecast by Kind 2023 – 2034 (Income USD Bn)
Wearable
Cellular Purposes
Sensors
Others
Digital Neuro Biomarkers Market Evaluation & Forecast by Medical Observe 2023 – 2034 (Income USD Bn)
Diagnostic Digital Neuro Biomarkers
Monitoring Digital Neuro Biomarkers
Predictive and Prognostic Digital Neuro Biomarkers
Others
Digital Neuro Biomarkers Market Evaluation & Forecast by Finish-Consumer 2023 – 2034 (Income USD Bn)
Healthcare firms
Healthcare Suppliers
Payers
Others
Digital Neuro Biomarkers Market Evaluation & Forecast by Area 2023 – 2034 (Income USD Bn)
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