Industry Background:
Growing adoption of a minimally invasive procedure for diagnosis and increasing occurrence of neurological and psychological disorders will help boost global Vocal-biomarkers market in the forecasted period. Vocal-biomarkers is a method that allows machines to understand human emotions by examining, recording and identifying raw voice intonations as persons speak. It uses voice-input to deliver diagnosis and insight into the health situations of an individual. Several features of a person’s voice can help analyze the physical as well as the welfare of the person.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Billion) |
Key Companies Profiled | Beyond Verbal Communication Ltd. (Israel), Sonde Health, Inc. (United States), PeakProfiling GmbH (Germany), IBM Corporation (United States), Cogito Corporation (United States), Microtest Health Ltd. (United Kingdom), Boston Technology Corporation (United States), conversationHEALTH (Canada), Meditech Electronic GmbH (Germany) and Orbita, Inc. (United States) |
According to AMA, the market for Vocal Biomarkers is expected to register a CAGR of 14.4% during the forecast period to 2030. This growth is primarily driven by Growing Prevalence of Neurological and Psychological Disorders and Increasing Instances of Depression, Attention Deficit and Disruptive Behavior Disorders.
Globally, a noticeable market trend is evident Upsurging Adoption of Minimally Invasive Surgeries for Diagnosis
The Health Care Technology sector in the North Amercia region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Beyond Verbal Communication Ltd. (Israel), Sonde Health, Inc. (United States), PeakProfiling GmbH (Germany), IBM Corporation (United States), Cogito Corporation (United States), Microtest Health Ltd. (United Kingdom), Boston Technology Corporation (United States), conversationHEALTH (Canada), Meditech Electronic GmbH (Germany) and Orbita, Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market shortly. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period.
Key Developments in the Market:
On February 13, 2019, IBM Watson Health and the Broad Institute of MIT and Harvard are expanding their partnership to help clinicians better predict the possibility of serious cardiovascular diseases. By working with genomics, clinical data and AI, IBM and the Broad Institute hope this three-year project will help provide doctors with tools to tap into the potential of genomics data, and better understand the intrinsic possibility an individual has for a certain disease. Equipped with this knowledge, health professionals can potentially intervene and help to reduce this risk.
Influencing Trend:
Upsurging Adoption of Minimally Invasive Surgeries for Diagnosis and Robust Research and Developments on Enhancing Respective Treatments
Market Growth Drivers:
Growing Prevalence of Neurological and Psychological Disorders and Increasing Instances of Depression, Attention Deficit and Disruptive Behavior Disorders
Challenges:
Increasing Diagnosis Complexities Negligible Tolerance Level and Lack of Skilled Workforce
Restraints:
Comparatively Higher Costs Associated with Vocal Biomarkers and Technical Issues related to Accuracy and Electronics Components
Opportunities:
Continuously Growing Healthcare Infrastructure across the Globe and Upsurging Opportunities in Preventive Healthcare Treatments and Remote Patient Monitoring
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Vocal Biomarkers Market
- Analysis about New Entrants in Vocal Biomarkers Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Vocal Biomarkers Study Sheds Light on
The Vocal Biomarkers Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Vocal Biomarkers industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Vocal Biomarkers industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.