Vocal Biomarker Market Outlook and Opportunities in Grooming Regions with Forecast 2018 to 2027
A recently compiled report of Fact.MR envisages the global vocal biomarker market to record a spectacular 23.3% CAGR between the forecast period 2018 and 2027. Revenues from global sales of vocal biomarkers are foreseen to surpass US$ 390 Mn by 2027-end. Beyond Verbal, Sonde Health, IBM Corporation, and other leading participants operating in the global vocal biomarker market have been profiled and analyzed in detail in the report.
Quantification and detection of imperceptible characteristics and subtle changes in the voice can precisely decipher essential aspects of a person’s changing health, including depression, stress and cardiovascular diseases. Accordingly, clinical psychologists and psychoanalysts have been using vocal patterns of patients to assess their personality traits and move further in leaps and bounds in medical and clinical investigations.
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Vocal Biomarker Market: Overview
The report offers an up-to-date and comprehensive analysis on vocal biomarker market taking qualitative and quantitative assessment into consideration. The report also elucidates the dynamics of the market such as drivers, restraints, trend and opportunities which have significant impact in the growth of the market. The report peruses into the segregation of market to present a holistic picture of vocal biomarker.
Contract research organizations (CROs) are likely to spearhead the global vocal biomarker market, in terms of revenues as well as growth rate. Given the expanding range of voice-assistant, health-related applications, life sciences and healthcare organizations have commenced designing an array of scenarios to deploy voice assistant platforms in clinical trial settings. Integration of these platforms in the research for vocal biomarkers has the potential to address specific drawbacks in current clinical trial environment.
CROs are essential and play a key role in ensuring the clinical trials’ success through proper site management. Accurate level of site management & oversight prompts site to effectively recruit, train, and retain subjects, meanwhile ensuring overall management of subjects, protocol adherence, and regulatory compliance. CROs help in maintaining and improving the communication flow, thereby reducing protocol deviations & violations, and addressing data issues & queries. These benefits of CROs also effectively apply to quality and integrity of clinical trials apropos of vocal biomarkers.
Another leading player, Sonde Health Inc., has introduced voice-based technology platform that enables diagnosing and monitoring various conditions and diseases. The company has collaborated with Massachusetts Institute of Technology (MIT) for licensing the technology. Such collaborations and developments will lead to better solutions and more accurate results for patients. It will further encourage researchers and institutions worldwide in collecting voice data for disease diagnostics and improving outcome of patients.
Vocal Biomarker Market: Competitive Scenario
The report also includes Porters’ Five Force Analysis which serves as basis for delineating competitive landscape of vocal biomarker market. Assessing competitiveness becomes imperative to comprehend and anticipate the moves by competitors, for instance. The report includes deep dive analysis with a dashboard view, including product portfolio, financial overview, recent developments and strategies.
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