Digital Vaccine Market Beyond the Needle: The Rise of Digital Vaccines Fueled by Technological Advancements

Digital Vaccine Market to reach over USD 3.71 billion by the year 2031 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Digital Vaccine Market Size, Share & Trends Analysis Report By Device Type (Smartphone, Tablets, Others), Application (Diabetes, Infectious Diseases, Cardiovascular Diseases, Others)- Market Outlook And Industry Analysis 2031"

The global digital vaccine market is estimated to reach over USD 3.71 billion by 2031, exhibiting a CAGR of 11.14% during the forecast period.

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Digital vaccines, a subclass of digital therapeutics, attempt to provide healthcare through tablets, cellphones, and other devices. Because digital vaccinations allow for the affordable, large-scale implementation of tailored, routine interventions, they are essential for controlling and preventing chronic diseases.

The increasing prevalence of life-related ailments, including infectious diseases, cardiovascular issues, and chronic illnesses, along with notable technical breakthroughs, are the primary factors propelling the market's growth.
Rapid technological advancements in digital vaccinations, such as wearables, metaverse platforms, the Internet of Things (IoT), and augmented and virtual reality (AR/VR), are expanding the market.

The growing population, expanding research activity, rising number of people afflicted with various illnesses, improved cooperation with progressive governments, and aligned funders and investors are also expected to impact market demand.

The data privacy laws and the extensive use of digital vaccines in the healthcare sector are two significant factors propelling the global market for digital vaccines. However, the limited availability of digital vaccines and the lack of research on digital medicines are predicted to limit the estimated growth of the global digital vaccine market.

List of Prominent Players in the Digital Vaccine Market:
• FriendsLearn Inc.,
• Klein Buendel Inc.
• Sanofi S.A
• Evidation Health
• Atos SE
• oVRcome

Market Dynamics:
Drivers-
The rising population, greater research activity, increasing number of people with various illnesses, improved cooperation with progressive governments, and agreeable funders and investors are all predicted to impact market demand.

Data privacy rules and the growing usage of digital vaccinations in the healthcare sector are two other significant factors influencing the growth of the digital vaccine market globally. The rising cost of healthcare, which aids in developing its infrastructure, is another important element affecting the growth rate of the vaccination industry.

The vaccine market will also rise due to developments in medical technology, growing public and commercial campaigns to raise knowledge of novel treatment alternatives, and rising government support for vaccine development.

Challenges:
However, the high cost of vaccine research and the absence of infrastructure in low-income nations will slow the market's expansion rate. Additionally, the low purchasing power in developing nations would restrain the growth of the vaccination market. Inequitable access to vaccines and a lack of knowledge will further challenge the market throughout the projected period.

Regional Trends:
The North America Digital Vaccine market is expected to register a major market share due to the prevalence of the chronic disease. Another important factor is the region's extensive technological development in the field of digital therapeutics and the strong desire to alleviate the burden of various diseases. These factors also include the region's well-established research infrastructure, large patient pool, and strong patient base.

Additionally, the global market for digital vaccines is anticipated to develop due to collaborations between regional researchers and biomedical businesses. Besides, the Asia Pacific region is estimated to hold a significant market share. The early detection of the novel coronavirus genome by applying cutting-edge sequencing techniques in the area was a considerable factor that hastened the development of the SARS-CoV-2 vaccine.

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Recent Developments:
• In Jun 2022, The US Patent and Trademark Office awarded FriendsLearn a patent for their systems and methods for the digital vaccine. FriendsLearn is the official research partner of the 'digital vaccine initiative' at Carnegie Mellon University in Pittsburgh, United State.FriendsLearn has begun planning for randomised controlled clinical trials (RCT) with the objective of measuring the effects of Digital vaccines combined with Artificial Intelligence on cholesterol, blood glucose, , glycoprotein acetyls, amino acids, and body mass index.

Segmentation of Digital Vaccine Market-
By Device Used:
• Smartphones
• Tablets
• Others
By Application:
• Diabetes
• Infectious Diseases
• Cardiovascular Diseases
• Others
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
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.