Press release
Vocal Biomarkers Market Expert Financial Overview | Success Milestones | Top Players Revenue and Forecasts by 2023
Market Synopsis of Global Vocal biomarkers Market:
Market scenario:
Vocal biomarkers are used as a non-invasive method to detect diseases by using speech characteristics. Its application is based on the fact that major psycological disorder, neurophysiologic changes etc. affect motor control and therefore alter speech production by influencing the characteristics of the speech.
The market for vocal biomarkers is driven by factors such as growing prevalence of psychological, neurological and other diseases affecting speech such as depression, Attention Deficit and Disruptive Behavior Disorders, Parkinson's disease (PD), Alzheimer's disease, Huntington's disease, Respiratory and Cardiovascular Disorders, traumatic brain injury (TBI) etc.
Considering all these factors the market for vocal biomarkers is expected to reach $ 2.5 billion by the end of 2023, this market is projected to growing at a CAGR of ~ 14.5 % during 2017-2023.
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Segments:
The global vocal biomarkers market is segmented on the basis of type, indications and end users. Based on type, the market has been segmented as frequency, amplitude, error rate, vocal rise or fall time, phonation time, voice tremor, pitch and others. Based on the indications, the market has been segmented as psychiatric disorders (depression, attention deficit and disruptive behavior disorders, others), neurological disorders (Parkinson’s disease (PD), Alzheimer's disease, Huntington's disease, others), respiratory disorders, cardiovascular disorders, traumatic brain injury (TBI), others) and others. Based on the end users, the market has been segmented as hospitals and clinics, academic and research and others.
Regional analysis
US accounts for the maximum market share due to favorable reimbursement scenario and greater expenditure on healthcare. The faster market uptake of new technology in the US is also an important driver of the market for global vocal biomarkers. Europe is the second largest market due to large disposable income and rising awareness. Asia Pacific region is expected to have the most future potential and it is estimated to be led by China and India. The Middle East & Africa market is led by the gulf nations particularly Saudi Arabia and UAE. The regions of Africa are expected to witness a moderate growth due to poor economic and political conditions and poor healthcare penetration.
Key players of Global Vocal biomarkers Market:
Key players profiled in the report are Beyond Verbal, Sonde Health, Audio Profiling, IBM Corporation, Cogito Corporation and others.
The report for Global Vocal Biomarkers Market by Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size with respect to value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information about and strategies used by top key players in the industry. The report also gives a broad study of the different market segments and regions.
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Major TOC for Vocal Biomarkers Market Research Report – Forecast to 2023
1. Introduction
1.1 Definition
1.2 Scope of Study
1.2.1 Research Objective
1.2.2 Assumptions & Limitations
1.2.2.1 Assumptions
1.2.2.2 Limitations
1.3 Market Structure
2. Research Methodology
2.1 Research Process:
2.2 Primary Research
2.3 Secondary Research
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Macroeconomic Indicators
TOC Continued….!
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