DIGITAL BIOMARKERS MARKET ANALYSIS
Global Digital Biomarkers Market Restraints:
High capital investments to hinder market growth
One of the key factors expected to hamper growth of the global digital biomarkers market is the high capital investments. High capital investment is required to discover, develop, and/or validate biomarkers. Moreover, high capital investment is required to run clinical trials as well as to address stringent regulatory requirements, which not only affect the ability of small companies worldwide but also severely affect innovation. Hence, along with high capital investment, the low cost benefit also hampers the growth of the market.
Data security concerns to hamper market growth
Another factor which is hampering the growth of the global digital biomarkers market is the data security concerns. Security and privacy risks are one of the major challenges for the market as the nature of data, and vulnerable to cybersecurity attacks and data theft. Digital therapeutics solutions or services are also vulnerable to third-party interference, signal errors, and transmission outages. This may result in the loss of critical patient data. This in turn is expected to hamper the growth of the global digital biomarkers market.
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