openPR Logo
Press release

VOCAL BIOMARKERS MARKET TO REACH US$ 1.6 BILLION BY 2028

02-27-2017 07:03 PM CET | Health & Medicine

Press release from: VOCAL BIOMARKERS MARKET

VOCAL BIOMARKERS MARKET TO REACH US$ 1.6 BILLION BY 2028

The Global Vocal Biomarkers Market is estimated to be valued at US$ 6.4 million by 2017 and is projected to expand at an astounding CAGR of 65.7% from 2017 to 2028, as analyzed by Coherent Market Insights. Vocal biomarkers enabling early diagnosis and being a non-invasive procedure are analyzed to be major factor fueling uptake of this disruptive technology over the forecast period (2017–2028).

Get Free PDF Research Brochure for more Professional and Technical Insights: https://www.coherentmarketinsights.com/insight/request-sample/101

Mental and physical conditions such as anxiety and Parkinson’s disease can make one slur his/her words, speak in a more nasal tone, and elongate sounds. Various companies involved in sales activities across industries and call centers deploy voice analysis systems to understand the temperament of the respondent. Cogito Corporation’s voice analysis software is used by Humana, Inc. Blue Cross Blue Shield Associational and Smartmedical Corporation’s Empath voice-based technology has been used by NTT Docomo, and Philips for emotional analytic and characterizing respondent’s mood.

Beyond Verbal, Inc., Cogito Corporation, IBM Corporation, and Sonde Health are involved in extensive R&D to establish a link between vocal biomarkers and disease condition(s). Depression is a very common disorder globally, with approximately 350 million people suffering from it (WHO, 2016). Successful identification of early signs of depression using a vocal biomarker system is anticipated to significantly help physicians to recommend specific preventive measures to the patient.

Free mobile applications such as Moodies and Empath (by Beyond Verbal, Inc.) offer features that analyze emotional state of an individual, enabling users to identify their mood during their most recent phone conversation. Health insurers such as Humana, Inc., Blue Cross Blue Shield Association, and Aetna, Inc. are leveraging vocal biomarkers to detect stress and depression in callers. The U.S. Department of Veteran Affairs deploys Cogito software to detect signs of post-traumatic stress disorder (PTSD) among soldiers. Realizing the robust future revenue potential from emotional analytics, leaders across the globe (companies and universities) are conducting research in order to capitalize upon the various health benefits offered by speech and voice technology. In November 2016, Mayo Clinic released the outcome of its study on vocal biomarkers which established a correlation between certain voice features and the likelihood of a coronary artery disease.

Strategic collaborations among universities and existing players in order to decrease turnaround time for commercialization of the products is the recent trend observed in this industry. In June 2016, Sonde Health in-licensed the voice-based technology platform from the Massachusetts Institute of Technology Lincoln Laboratory. This technology has been developed for effective diagnosis and monitoring of mental and physical health conditions. The U.S. army collaborated with the Massachusetts Institute of Technology Lincoln Laboratory (MIT LL) in 2016 to develop an algorithm to identify vocal biomarkers that can diagnose traumatic brain injury.

Smartmedical Corp. (Japan) and Planet Healers (India) have commercialized a voice-based platform that can diagnose health conditions based on the voice of the user. While, Smartmedical’s Empath is majorly used in analyzing mood, Planet Healer’s ‘Voice Analysis’ technology platform is intended for the diagnosis of user’s health condition. Such products are expected to pave way for extensive application of vocal biomarkers across various industries. Moreover, use of vocal biomarkers to diagnose health conditions in children can prove to be a high potential application area in not so distant future.

Key takeaways of the market:

The global vocal biomarkers market is classified on the basis of applications and end users. It provides analysis and future market potential across major geographies.

To know the market potential, latest trends, and insights prevalent in this market, click the link below: https://www.coherentmarketinsights.com/market-insight/vocal-bio-markers-market-101

Revenue contribution of depression and anxiety therapeutic application segment is expected to remain high throughout the forecast period. This is mainly attributed to high efficacy of the technology in identifying temper, happiness, sadness, depression, and anxiety, among other emotions of the subject.

Mayo Clinic has introduced application of vocal biomarkers for coronary artery disease (CAD). This is analyzed to propel the use of vocal biomarker technology for diagnosis of CAD in the near future.
Commercially, various military bodies are using this technology to detect/diagnose presence of any brain injury or depression among the team members

Vocal biomarkers are expected to find increase in adoption among physicians; therefore hospitals end-use segment is projected to expand at a CAGR of 101.2% during the forecast period. The growth would be primarily attributed to its application for diagnosing Parkinson’s disease, cognitive impairment, and respiratory disorders in the near future.

Majority of users of this technology are currently based in developed economies such as the U.S., Canada, Japan, Germany, and the U.K. Adoption of Planet Healer’s voice-based diagnosis technology platform is projected to witness positive traction for diagnosis of mental health condition in Asia Pacific region during the forecast period.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
Visit Coherent Market Insights Blog @ https://blog.coherentmarketinsights.com/
Connect with us on LinkedIn @ https://www.linkedin.com/company/coherent-market-insights

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release VOCAL BIOMARKERS MARKET TO REACH US$ 1.6 BILLION BY 2028 here

News-ID: 449710 • Views: 213

More Releases from VOCAL BIOMARKERS MARKET

Vocal Biomarkers Market - Analysis And Forecast (2016-2024): Market Shares And S …
A person’s voice can serve as an extremely useful tool in identifying the temperament and presence or risk of any disorders such as depression, Parkinson’s disease, and coronary artery disease. Factoring this, scientists from research institutes and companies (dealing with voice and speech technology) are partnering to identify vocal biomarkers that can aid in accurate diagnosis of diseases. Vocal biomarkers technology could be a disruptive innovation in the field of
Vocal Biomarkers Market - Global Industry Analysis 2024
A person’s voice can serve as an extremely useful tool in identifying the temperament and presence or risk of any disorders such as depression, Parkinson’s disease, and coronary artery disease. Factoring this, scientists from research institutes and companies (dealing with voice and speech technology) are partnering to identify vocal biomarkers that can aid in accurate diagnosis of diseases. Vocal biomarkers technology could be a disruptive innovation in the field of

More Releases for Coherent

Potash Fertilizers Market Segments, Share, Trends 2027| Coherent Market Insights
Coherent Market Insights have included a latest addition of global market research report titled Potash Fertilizers Market to its expansive repository. The report studies primary and secondary research in order to analyze the data effectively. The market study further also draws attention to crucial industry factors such as global clients, potential customers, and sellers, which instigates positive company growth. In order to gauge turning point of the businesses, significant market
Coherent Optical Equipment Market Growth Analysis, Forecasts to 2026
Coherent Optical Equipment Market "A SWOT Analysis of Coherent Optical Equipment, Professional Survey Report Including Top Most Global Players Analysis with CAGR and Stock Market Up and Down." A market study dependent on the " Coherent Optical Equipment Market " over the globe, as of late added to the storehouse of Market Research, is titled Worldwide Coherent Optical Equipment Market 2021. The exploration report examinations the chronicled just as present execution
Drone Phones Market Analysis and Forecast 2020: Coherent Market Insights
Quadcopters are being integrated with sophisticated technologies such as gyroscopes, GPS, and high resolution cameras to execute complex tasks such as aerial mapping, aerial photography, monitoring, search & rescue operations, and entertainment tool among many others. In the recent past, a new concept of drone phones has been introduced, which harnesses the power of the smartphone for all additional features such as camera, gyroscope and GPS for its functioning, while
AI App Development || Coherent Lab LLP
The IT industry is growing day by day and immense popularity. Nowadays, businesses are in search of better opportunities to make money in more innovative way. Considering the AI (artificial intelligence) in mobile and web app development, we at Coherent Lab LLP focuses on developing practical solutions which streamlines to generate more and more profits and smoothen the operations as well. Situated in the heart of pinkcity, Jaipur, Coherent Lab
Coherent Optical Equipment Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Coherent Optical Equipment Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 102 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Click to view the full report TOC, figure and tables: https://www.globalinforesearch.com/global-coherent-optical-equipment-market_p107267.html   Coherent optical equipment refers to all the
PHASE-XS – A New Proprietary Database of Coherent Market Insights
PHASE-XS is a database developed by Coherent Market Insights, a market intelligence and consulting company. This database provides clinical information about phase 3 and phase 4 products for biologics and biosimilars. Information related to trial design, current phase, patent expiry, indication, technology, therapeutic category, approved indications, end point analysis, research locations, dosage, physician-administered or self-administered, route of administration, update, reimbursement, addressable patient population, and more of key data is included