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Vocal Biomarkers Market – Global industry insights 2024

01-06-2017 09:55 AM CET | Health & Medicine

Press release from: CMI - Research Reports

Vocal Biomarkers Market – Global industry insights 2024

Biomarkers form an important tool in the development of targeted drug therapies. Biological markers or Biomarkers are the indicators of normal biological processes, pharmacological responses to a drug and pathogenic processes. They are used to perform clinical assessment for blood pressure, cholesterol level and monitor or predict health state in a person to plan for a therapeutic intervention. They can be in many different forms such as proteins or peptides, antibodies, cell types, metabolites, lipids, hormones, enzyme levels, or physiological state of body. The principles of biomarkers are used extensively in detection, monitoring and treatment of cancer.

Advancement in research has encouraged scientists and academicians to develop a technology that will diagnose and predict the health stats based on how the person talks. Growing evidence suggests that many mental and physical conditions can make one slur his/her words, speak in a more nasal tone and elongate sounds. However, it is yet not confirmed that analyzing speech patterns can generate accurate or useful diagnosis of data.

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The global vocal biomarkers market can be analyzed based on the applications and end-use.

Vocal Biomarker’s Potential Applications

Companies including – Beyond Verbal, Inc., Cogitocorp, Sharecare, Inc., IBM and Sonde Health (PureTech) have developed software that can analyze voice and indicate the presence of diseases such as coronary artery disease (CAD), depression, neurological conditions and cardiovascular diseases. Beyond Verbal, Inc., an Israel based company, is marking success through its voice analysis software, Beyond mHealth Research Platform, developed in collaboration with Mayo Clinic, which can detect the presence of CAD. Use of this software in Parkinson’s disease encouraged the company to perform tests for other diseases.

Current available techniques such as the ECG, Radionuclide testing, Exercise Tolerance Testing (ETT), and Pharmaceutical Stress Testing are expensive and involves certain contraindications (except ECG). With increasing prevalence of chronic diseases, need for low-risk, inexpensive and non-invasive screening method is rising.

Vocal Biomarker’s Potential End-Users

Vocal Biomarkers has potential end-users such as the healthcare centers, Military, Government and others. Cogitocorp has its voice analysis technology adopted by health insurers such as Blue Cross, Aetna, Humana, Partners Healthcare and Blue Shield. Use of this technology is not restricted within healthcare environment or setup. The U.S. Department of Veteran Affairs, uses the Cogito software for monitor the mood of members. Furthermore, the U.S. army collaborated with the Massachusetts Institute of Technology (MIT) in 2016 to develop a FDA approved device to detect brain injury.

Market Dynamics

Different companies targeting various underdiagnosed chronic diseases will address the unmet needs in many emerging nations by enabling healthcare access to mass population and early detection of a disorder. Companies just need to ensure that the product is compliance with the Health Insurance Portability and Accountability Act of 1996 (HIPAA).

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Diagnosis of various disorders using the vocal biomarkers technology will enable early detection and preventive measures for chronic disorders. Being more of a preventive tool, this could serve the healthcare service centers, military and corporate sector to improve the health and performance. Moreover, this could be of significant advantage for patients and physicians to continuously monitor and assess the patient’s health.

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Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. Our client base includes players from across all business verticals in over 150 countries worldwide. We are uniquely positioned to help businesses around the globe deliver practical and lasting results through various recommendations about operational improvements, technologies, emerging market trends and new working methods. We offer both customized and syndicated market research reports that help our clients create visionary growth plans to provide traction to their business. We meticulously study emerging trends across various industries at both the global and regional levels to identify new opportunities for our clientele. Our global team of over 100 research analysts and freelance consultants provide market intelligence from the very molecular country level and also provide a global perspective of the market. Our team is of the most vital cog in our robust machinery that gives us the ability to deliver independent insight relying on our cognitive defusion training module.This allows for an objective and unbiased assessment of the market. We pride ourselves in my constantly striving to update our extremely in-depth understanding of the market by closely monitoring and analyzing markets, trends, and emerging best practices, across allfathomable industries under the sun. This enables us to equip our valued clientele with key decisive inputs to capitalize on lucrative growth opportunities in the market and to follow firmly position themselves on a high growth path in the future.

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