Vocal Biomarkers Market Recent Study Including Growth Factors CAGR of 14.5% : Applications, Regional Analysis, Key Players
Research Reports
May 06, 2022
The global vocal biomarkers market is expected to exhibit a strong 14.5% CAGR over the forecast period, according to the latest research report from Market Research Future (MRFR). Vocal biomarkers are used to diagnose a wide range of diseases, including psychiatric disorders, respiratory disorders, and cardiovascular disorders. The global vocal biomarkers market is expected to rise to a valuation of USD 2.5 billion, driven by the increasing demand for strong diagnosis techniques in psychiatry and neurodegenerative disease treatment.
Segmental Insight
The main segments covered in the MRFR research study of the vocal biomarkers market include type, indications along with end users.
Vocal biomarkers are available in different types, some of which are based on phonation time, frequency, amplitude, vocal rise or fall time, pitch, voice tremor, error rate, and others.
Depending on indication, the key segments could be psychiatric disorders (depression, disruptive behavior disorders, attention deficit, and more), respiratory disorders, cardiovascular disorders, neurological disorders (Parkinson’s disease (PD), Alzheimer’s disease, Huntington’s disease, and others), traumatic brain injury (TBI), among others.
Market end users listed are academic and research, along with hospitals and clinics, and more.
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Regional Analysis:
North America is likely to dominate the global vocal biomarkers market over the forecast period due to the growing awareness about neurodegenerative diseases, psychotic diseases, and the important role played by vocal biomarkers in identifying these afflictions. Rapid development of the medical technology sector has led to a growing interest in vocal biomarkers in recent years, as the technology needed for recognizing biomarkers and diagnosing various diseases has become matured over the last few years. The growing geriatric demographic in North America is likely to be a major driver for the vocal biomarkers market in the region, as leading rates of neurodegenerative diseases are seen among the geriatric demographic. The strong life expectancy figures of the baby boomer generation in North America are a major driver for the vocal biomarkers market in the region, as the growth of the geriatric population in the region is supported by an excellent healthcare infrastructure and supportive reimbursement policies.
The U.S. is likely to remain the major revenue generator for the global vocal biomarkers market over the forecast period due to the growing awareness about the importance of vocal biomarkers in diagnosing medical conditions such as Alzheimer’s disease, as well as behavioural abnormalities such as attention deficit disorder.
Europe holds the second largest share in the global vocal biomarkers market and is likely to remain a vital part of the global market over the forecast period due to the growing geriatric population in the region, leading to a growing prevalence of neurodegenerative diseases. The increasing awareness about mental health and psychotic diseases in Europe is also likely to be a major driver for the vocal biomarkers market in the region over the forecast period.
Asia Pacific is likely to be a vital region for the global vocal biomarkers market over the forecast period due to the growing geriatric population in East Asian countries such as Japan, South Korea, and China. The growing disposable income of the geriatric population in these regions is likely to fuel the demand for advanced diagnostic procedures such as vocal biomarkers. Increasing awareness about neurodegenerative diseases is also likely to be a major driver for the vocal biomarkers market in Asia Pacific over the forecast period.
Key players
MRFR listed by potential players in the vocal biomarker market. They are; Sonde Health, Beyond Verbal, Audio Profiling, Cogito Corporation, and IBM Corporation among others. The report published by MRFR on the global vocal biomarkers market offers extensive research on qualitative and quantitative aspects of the industry. Input from industry experts and key opinion leaders were taken to gain a deeper insight of the industry performance. The report vividly discusses current market scenario and records precise estimates of future market size and growth dynamics. Technological advancement, other governing factors, and macro economical dimension of the market are detailed in the report. Information on strategies adopted by top key players is dispatched with segment and regional assessment of the vocal biomarker market
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