The Vocal Biomarkers Market Overview And Analysis by
type ,by indications , neurological disorders ,Respiratory Disorders, Cardiovascular
Disorders, traumatic brain injury (TBI), by end users - Global Forecast
Vocal Biomarkers Market is projected to reach USD
1.91 Billion by 2030 at 17.50% CAGR during the forecast period 2022-2030.
Global vocal biomarkers market to witness a healthy
growth in forthcoming years projects Market Research Future (MRFR) in its
latest report. Increased prevalence of neurological, psychological and other
disorders that affects speech is fuelling the demand for vocal biomarkers.
Health issues such as Disruptive Behavior Disorders, Alzheimer's disease,
Parkinson's disease (PD), Huntington's disease, attention deficit, depression,
and respiratory and cardiovascular disorders are associated with speech
impairment. There are cases when traumatic brain injury (TBI) was identified as
cause of speech loss. A WHO report revealed that in 2016, close to 350 million
people were suffering from depression. In the same, The Parkinson’s disease
Foundation reported that around 10 million people were suffering Parkinson’s.
Biomarkers are also used for detecting speech
related issues in soldiers. Hence, the defence sector has potential for vocal
biomarker application. For instance, the U.S Army joined forces with MIT
researcher to collaboratively work on developing advanced biomarker technology
that can cater to traumatic brain injury. America Heart Association in
partnership with Mayo Clinic and Beyond Verbal has created unique artificial
intelligence (AI) algorithms using cutting-edge machine-learning tools to
perceive voice patterns uncatchable by human ear for initial identification of
coronary heart disorders.
Rapid mobile
technology penetration and boom of the IT sector is creating supporting the
market growth. Moreover, the arrival of advanced wearable technologies along
with improving the network quality and bandwidth is partly influencing the
market. Market players are actively focusing on product innovation in order to
gain a competitive edge. Many companies are also entering into collaboration
and partnerships to boost their R&D capacity.
Segmental
Overview
The segmental analysis of the global vocal biomarkers market size is based on
indication, type and end users.
On the basis of indication, the market has been
segmented into neurological disorders, psychiatric disorders, respiratory
disorders, traumatic brain injury (TBI), cardiovascular disorder. The
neurological disorders segment is further sub-segmented into Alzheimer’s
disease, Parkinson’s disease, huntington’s disease, and others. The psychiatric
disorders segment is further sub-segmented into disruptive behaviour disorders,
attention deficit, depression and others. On the basis of type, the market has
been segmented into pitch, amplitude, vocal rise or fall time, voice tremor,
frequency, error rate, phonation time, and others. On the basis of end users,
the market has been segmented into academic and research, hospitals and clinics
and others.
Global Vocal
Biomarkers Market: Regional Segmentation
The market has been covered across key regions,
which include North America, Asia Pacific (APAC), Europe, the Middle East &
Africa (MEA) and Latin America. North America is expected to remain highly
profitable market for vocal biomarkers during the forecast period. In North America,
the U.S. makes a significant contribution to the vocal biomarker market. This
is primarily owing to the presence of effective reimbursement scenario and high
healthcare spending. Moreover, faster acceptance of the advanced technologies
in the U.S. makes it a potential market. Following on the heels of North
America, Europe represents the second largest market for vocal biomarker. High
level of awareness and growing healthcare expenditure are two of the key
factors driving the market in Europe. Asia-Pacific ranks third in the pecking
order in terms revenue. The market in APAC is touted to witness a strong growth
over the next several years. India and China are major contributors to the
market in the region.
Competitive
Landscape
MRFR in its report has mentioned some of leading
companies operating in the global vocal biomarker market, which include Sonde
Health, IBM Corporation, Beyond Verbal, Cogito Corporation, and Audio
Profiling.
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