Vocal Biomarkers Market Analysis and In-depth Research
Added: (Fri Feb 15 2019)
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There have been considerable advances in the use of voice-enabled devices to understand the mechanism of speech production and facial expression in humans for therapeutic potential. The drive for vocal biomarkers in the area of disease diagnostics and therapeutics stems from this trend. World over, biomarkers in voice have shown unprecedented potential in the non-invasive tool to be used in the diagnosis of a range of neurological disorders, coronary artery disease, and depressions. The amazing potential of vocal biomarkers is underpinned by the significant accuracy, speed, and cost-effectiveness of techniques in disease diagnosis. In addition, since they do not use radiations, they are considered safer than several other contemporary diagnostic tools.
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Several companies, including some technology players, have made a foray in recent years in the vocal biomarkers. They are leveraging the potential of their voice-based technology platforms in the monitoring of mental as well physical health conditions. The advent of a slew of exciting new technologies by these players will enable clinicians in assessing the health conditions based on a wide range of acoustic features in individuals. The growing role of vocal biomarkers is likely to enhance the attractive of various voice-based technologies in the vocal biomarkers market.
The report offers evidence-based evaluations of emerging demand dynamics, promising therapeutic avenues, key investment pockets, and the prevailing opportunities in various regions.
The rising demand for non-intrusive and easy-to-use diagnostic tools for the management of psychiatric disorders, respiratory disorders, and cardiovascular disorders is a key factor bolstering the need for vocal biomarkers. Apart from these, vocal biomarkers are showing potential in the diagnosis of Parkinson’s disease, Alzheimer’s, and Huntington’s disease. The growing prevalence of a number of these diseases in either developing or developed countries is boosting the prospects of the vocal biomarkers market. The increasing focus of healthcare providers and caregivers on holistic patient care is also aiding in its rapid expansion. The rising adoption of digital health devices, notably wearable and health monitors, is opening lucrative avenues in the market.
The rising collaborations between technology companies offering vocal-based diagnostic technologies and research institutes in various parts of the world is an encouraging trend in the market. The growing trend of self-diagnosis is also favorably impacting the demand. The growing number of HIPAA-compliant vocal biomarkers will open new avenues in the market. Coupled with the application of artificial intelligence technologies, vocal biomarkers are expected to pave new avenues in healthcare in the next few years.
Among the various geographies, developing and developed regions are expected to be increasingly lucrative in the global vocal biomarker market. In developed regions, notably Europe, the market is likely to witness compelling prospects, driven by the prevalence of cardiovascular diseases. The growing need for low-cost and non-invasive diagnostic tools for neurological disorders will also spur the demand for vocal biomarkers in emerging economies of developing regions in the not-so-distant future. The report offers an assessment of currently prevailing avenues and recent technology advancements in various regional markets.
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The study offers a detailed assessment of the prevailing competitive dynamics of the vocal biomarkers market. A growing number of players are focusing on their research and product development initiatives in the commercialization of vocal biomarkers. Several research institutes are increasingly engaging in leveraging the potential of vocal biomarkers in disease diagnostics. A growing number of start-ups are also exploring new streams of revenue in the vocal biomarkers market. Prominent players whose strategies are expected to considerably influence the growth dynamics of the market include Cogito Corporation, IBM Corporation, Sonde Health, Audio Profiling, and Beyond Verbal.
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