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(July 11, 2018)
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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- Global Vocal biomarkers, manufacturers & suppliers
- Research and development (R&D) companies
- Market research and consulting service providers
- Academic institutes and universities
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.
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.
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Table Of Contents
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions & Limitations
1.3 Market Structure:
2. Research Methodology
2.1 Research Process:
2.2 Primary Research
2.3 Secondary Research:
3. Market Dynamics
3.4 Macroeconomic Indicators
4. Market Factor Analysis
4.1 Porters Five Forces Model
4.2 Bargaining Power Of Suppliers
4.3 Bargaining Power Of Buyers
4.4 Threat Of New Entrants
4.5 Threat Of Substitutes
4.6 Intensity Of Rivalry
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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.
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