The global vocal biomarkers market is growing at a CAGR of 14.5% during the forecast period (2021-2027). Vocal biomarkers utilize voice input for the detection of diseases such as depression, coronary artery disease, and anxiety. These are developed to analyze the mental and physical well-being of the person. The major factors that are augmenting the growth of the market innovation are technology advancement and the need for minimally invasive procedures across the globe. Furthermore, it provides a safe and effective method of diagnosis so that there is no pain associated with the procedure coupled with no risk. Voice biomarkers are now also used for the diagnoses of COVID-19. However, initial high-cost investments, technical issues such as accuracy, and low healthcare infrastructure in the undeveloped economies are some of the constraints that can hinder the growth of the market in the forecast period.
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The global vocal biomarkers market is being driven by factors such as the rising prevalence of psychological, neurological, and other speech-related diseases, such as depression, attention deficit and behavior disorders, Parkinson’s disease (PD), Alzheimer’s disease, Huntington’s disease, respiratory, cardiovascular, and brain injury (TBI), among others. For instance, According to the American Stroke Association, cardiovascular diseases were the top cause of death globally in 2015, with 17.3 million deaths annually, a figure that is expected to reach 23.6 million by 2030. Due to the increased need for less invasive diagnostics, rising incidence of psychiatric and cardiovascular disorders, and an ageing population, the vocal biomarkers market is predicted to grow during the forecast period. Additionally, rising research into voice biomarkers is expected to give significant market development opportunities throughout the forecast period
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Vocal Biomarker Market Report Segment
By Application
- Psychological Disorders
- Neurological Disorders
- Respiratory Disorders
- Cardiovascular Disease
By End-User
- Hospitals
- Diagnostic Centre
- Academics Research Institute
By Type
- Frequency
- Amplitude
- Error Rate
- Vocal Rise or Fall Time
- Phonation Time
- Voice Tremor
- Pitch
- Others
Global Vocal Biomarker Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global voice biomarkers market based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying who-stands-where in the market.
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