Press release
Voice Technology in Healthcare Market to Grow at 14.7 Percent CAGR Through 2031 Driven by AI and Patient Engagement Innovations
Voice Technology in Healthcare Market
The Voice Technology in Healthcare Market is expected to grow at a 14.70 % CAGR during the forecast period for 2023-2031.
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Artificial intelligence (AI) presents considerable opportunities for transforming healthcare systems and addressing critical industry challenges. Among its many applications, AI-powered voice technology stands out for its ability to significantly enhance healthcare delivery by improving interactions between humans and machines. This technology improves patient access to health information, enhances comprehension and retention, and simplifies navigation by addressing limitations inherent in text-based communication. While voice technology has already gained widespread adoption across various sectors, its growing application in healthcare is helping to reduce communication barriers for both patients and medical professionals.
The healthcare voice technology market is expanding, driven by several key factors. These include the increasing adoption of advanced digital solutions within the healthcare ecosystem and rising consumer interest in smart devices. The integration of AI, the Internet of Things (IoT), and machine learning is anticipated to further accelerate market growth throughout the forecast period.
Additionally, the increasing demand for efficient virtual assistant tools to support clinical diagnostics and treatment processes is contributing to the market's expansion. The COVID-19 pandemic has further underscored the importance of voice-enabled solutions, particularly in assisting healthcare professionals with documentation, case management, and the organization of unstructured data.
North America is projected to maintain a dominant position in the global healthcare voice technology market due to the presence of leading technology providers, advanced healthcare IT infrastructure, and favorable government policies. Growth in this region is also supported by high smartphone penetration, widespread use of healthcare applications, and continuous advancements in AI, deep learning, and machine learning. Meanwhile, the Asia Pacific region is poised for significant growth, propelled by the development of localized speech recognition technologies and increased adoption of innovative medical devices. These factors are expected to play a pivotal role in driving the market forward in the coming years.
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Major market players operating in the Voice Technology in Healthcare market include
HEALTHYMIZE, Corti, NeuroLex Laboratories, Inc, Orbita, Inc., Pillo, Inc., PeakProfiling, ResApp Health, Sensely, Inc., Sonde Health, Inc., MDOps Corporation, Memory Lane, Kencor Health, Intuition Robotics, Winterlight Labs, Ava, Aural Analytics, Inc., CardioCube, CAREANGEL, Cogito Corporation, Cognoa, conversation health, Canary Speech, LLC, Vocalis Health, VocaliD, Inc., Voiceitt, Kiroku Ltd., Saykara Inc., Sopris Health, and Zealth, Inc.
Recent collaborations and agreements in the market:
• In August 2020, the Voice-enabled survey and data-acquisition platform NeuroLex Labs was purchased by Sonde Health, a leading vocal biomarker technology platform.
• In March 2019, Canary Speech recently published a new patent for their voice-based technology for diagnosing medical disorders under the title "Selecting Speech Features for Building Models For Detecting Medical Conditions.
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Market Segments
Global Voice Technology in Healthcare Market, by Application, 2022-2030 (Value US$ Mn)
• Aging/Lifestyle Communication
• Patient-Provider Communication
• Physician Notes
• Speech & Hearing Difficulty
• Development Platforms
• Vocal Biomarkers
• Patient Engagement
Global Voice Technology in Healthcare Market, by End-User, 2022-2030 (Value US$ Mn)
• Physicians
• Patients
• Others (Institutes, etc.)
Global Voice Technology in Healthcare Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Voice Technology in Healthcare Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Voice Technology in Healthcare Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Voice Technology in Healthcare Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Voice Technology in Healthcare Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Voice Technology in Healthcare Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
• To receive a comprehensive analysis of the prospects for the global Voice Technology in Healthcare market
• To receive an industry overview and future trends of the Voice Technology in Healthcare market
• To analyze the Voice Technology in Healthcare market drivers and challenges
• To get information on the Voice Technology in Healthcare market value (US$Mn) forecast to 2030
• Significant investments, mergers & acquisitions in the Voice Technology in Healthcare market industry
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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