Vocal Biomarker Market to Grow with a CAGR of 9.32% through 2028
Rising
prevalence of chronic diseases is expected to drive the Global Vocal Biomarker
Market growth in the forecast period, 2024-2028.
According
to TechSci Research report, “Vocal Biomarker Market – Global Industry Size,
Share, Trends, Competition Forecast & Opportunities, 2028”, the
Global Vocal Biomarker Market stood at USD 2.01 billion in 2022 and is
anticipated to grow with a CAGR of 9.32% in the forecast period, 2024-2028. diseases
worldwide. Conditions such as diabetes, cardiovascular diseases, respiratory
disorders, and mental health issues are on the rise. Vocal biomarkers offer a
non-invasive and cost-effective means of monitoring and diagnosing these
conditions. By analyzing changes in a person's voice over time, healthcare
professionals can detect early warning signs and provide timely interventions.
This is particularly important in conditions like diabetes, where vocal
biomarkers can aid in glucose level monitoring and management.
The development
of advanced AI and ML algorithms has significantly contributed to the growth of
the vocal biomarker market. These technologies have made it possible to analyze
voice data with remarkable precision and accuracy. AI-driven voice analysis can
identify subtle changes in pitch, tone, and other vocal characteristics that
may indicate the presence of a medical condition. The continuous improvement in
AI and ML capabilities is making vocal biomarkers increasingly reliable and
practical for clinical use.
Mental health
issues are a growing concern globally, and vocal biomarkers have emerged as a
promising tool for early detection and monitoring. Changes in speech patterns
and voice characteristics can be indicative of conditions such as depression,
anxiety, and cognitive decline. By analyzing these vocal biomarkers, healthcare
providers can offer timely interventions and personalized treatment plans. The
growing awareness of mental health and the importance of early intervention are
major drivers of the vocal biomarker market.
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"Global Vocal Biomarker Market”
The Global Vocal
Biomarker Market is segmented into Technique, Indication, End-User,
Regional Distribution, And Company.
Based
on the Technique, Frequency emerged as the dominant segment in the global
market for Global Vocal Biomarker in 2022. Frequency can be measured
non-invasively and with relative ease. Patients can record their voices using a
microphone or specialized devices, and this data can be analyzed to extract
relevant frequency parameters. This non-invasive approach aligns with the
principles of patient convenience and comfort, making it an attractive choice
for healthcare providers. There is a substantial body of research and
validation studies supporting the use of frequency-related vocal biomarkers in
clinical settings. These studies have demonstrated the efficacy and accuracy of
frequency analysis in the diagnosis and monitoring of various medical
conditions, which instils confidence in the technique. Frequency analysis can
be effectively integrated with advanced artificial intelligence (AI) and
machine learning (ML) algorithms to improve the accuracy and sensitivity of
diagnostic models. This integration enhances the potential of vocal biomarkers
in detecting subtle changes in frequency patterns indicative of medical
conditions.
Based
on the Indication, Neurological Disorders emerged as the dominant segment in
the global market for Global Vocal Biomarker Market in 2022. Neurological
disorders have become increasingly prevalent in recent years, mainly due to the
aging global population. The rise in these conditions has led to a greater
demand for early diagnosis and monitoring, and vocal biomarkers are well-suited
to address this demand. Vocal biomarkers
enable the early detection and continuous monitoring of neurological disorders
by analyzing voice data for changes indicative of these conditions. Detecting
these conditions at an early stage is crucial for timely interventions and
improved patient outcomes. The non-invasive nature of vocal biomarkers is
particularly advantageous in the context of neurological disorders, as it
reduces patient discomfort and avoids invasive diagnostic procedures. Patients
can provide voice samples easily and conveniently.
Based
on the End -User, Hospitals & Clinics emerged as the dominant segment in
the global market for Global Vocal Biomarker Market in 2022. Hospitals and
clinics serve as comprehensive healthcare facilities, offering a wide range of
diagnostic and treatment services for various medical conditions. They are
well-equipped with advanced diagnostic tools and equipment, making them ideal
settings for the implementation of vocal biomarker solutions. Hospitals and
clinics cater to a diverse patient population with various medical conditions.
This diversity provides ample opportunities for the application of vocal
biomarkers in the diagnosis and monitoring of different diseases, from
neurological disorders to respiratory conditions. Hospitals and clinics
typically house multidisciplinary healthcare teams consisting of physicians,
specialists, nurses, and other healthcare professionals. The collaborative
nature of these institutions allows for the integration of vocal biomarker
solutions into different medical specialties and departments.
North
America emerged as the dominant player in the
Global Vocal Biomarker Market in 2022, holding the largest market share.
The region is home to numerous research institutions and universities that
actively engage in the development and validation of vocal biomarkers. Ongoing
research efforts and clinical studies in North America have contributed to the
expansion of the vocal biomarker market. North America has a strong
technological ecosystem with significant investments in artificial intelligence
(AI) and machine learning (ML) technologies. The integration of AI and ML with
vocal biomarkers has enhanced their accuracy and utility, which further boosts
the market's growth.
Major
companies operating in Global Vocal Biomarker Market are:
- IBM Corporation
- Boston Technology Corporation
- EVOCAL Health
- Audio Profiling
- Cogito Corporation
- Kintsugi
- Sharecare Inc.
- Microtest Health
- Sonde Health
- AudEERING
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“The
global Vocal Biomarker market is anticipated to experience significant growth
in the coming years. Key drivers include the rising prevalence of chronic
diseases, advancements in artificial intelligence and machine learning, the
expansion of telemedicine and remote patient monitoring, and the growing
acceptance of vocal biomarkers for mental health and neurological disorder
diagnosis. Additionally, the development of standardized protocols and
regulatory frameworks, as well as increasing awareness and research
initiatives, will further propel the market forward.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“Vocal
Biomarker Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2018-2028 Segmented By Technique (Frequency, Amplitude, Error Rate,
Vocal Rise or Fall Time, Phonation Time, Vocal Tremor, Pitch, Others), By
Indication (Psychiatric Disorders, Respiratory Disorders, Cardiovascular
Disorders, Traumatic Brain Injury (TBI), Neurological disorders, Other), By
End-User (Hospitals & Clinics, Ambulatory care Centres, Others) Region and
Competition”, has evaluated the future growth potential of Global
Vocal Biomarker Market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Vocal
Biomarker Market.
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