The Global Voice Technology in Healthcare market size was valued at US$ 1,775.0 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 19.5% from 2020 to 2028. Voice technology is the future of the healthcare industry that allows humans to connect with technology. It is the database that receives, interprets, and transmits the voice instructions. The healthcare business is on the leading-edge of voice-user interface ( UVI) design and creating great development to advance patient care through evolving technologies, and transmuting the voice of the healthcare industry. The benefits of VUI encompass far beyond simple services for healthcare employees or patients saved phone calls. The voice-user interface has a deep impact on care enhancement. The well designed VUI can use voice tone, modulation, and other fundamentals in discussion to calm nerves or shape behaviors. By using VUI, patients and physicians have become authorized to make informed healthcare decisions.
VUI design plays numerous roles in healthcare procedures, comprising helping patients to prepare for procedures, motivate them to schedule appointments, homogenizing care information provided after or before treatment, and questioning through the care process. The real-time insights into patients by using voice technology, wellness lead to enhanced, personalized care, and propelling the demand for this technology in the healthcare sector. The global voice technology in the healthcare market size is expected to reach US$ xx million by 2028, growing at a CAGR of xx% over the forecast period. The high cost of skilled workers and labor for physicians who spent innumerable hours entering data into their EHR (Electronic Health Records) is generating immense opportunity for the companies operating in the development of voice technology in the coming years. Communicating phone calls has enabled health practices, and hospitals to reach out to their complete patient population or an automatically select group instead of making individual phone calls. The growing adoption of voice technology in healthcare owing to huge advantages is estimated to boost market growth significantly in the coming years. Additionally, growing research activities and increasing the number of start-ups developing voice technology for healthcare is expected to further boost the market growth in the coming years. For instance, about 47% of startups working on voice technology are focusing on a single sector that is healthcare.
The Global Voice Technology in the Healthcare Market is segmented based on application, end-user, and region. Based on the application, the market is divided into aging/lifestyle communication, patient-provider communication, physician notes, speech & hearing difficulty, development platforms, vocal biomarkers, and patient engagement. By end-user, the market is segmented into physicians, patients, and others (institutes, etc). Based on the region, the market is segmented into Latin America, Asia Pacific, Middle East & Africa, North America, and Europe. In 2019, North America is estimated to account for the largest share in voice technology in the healthcare market and expected to remain dominant over the forecast period.
The Key Players of this market include Ava, Aural Analytics, Inc., CardioCube, CAREANGEL, Cogito Corporation, Cognoa, conversation health, Canary Speech, LLC, 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, Vocalis Health, VocaliD, Inc., Voiceitt, Kiroku Ltd., Saykara Inc., Sopris Health, and Zealth, Inc.
Aural Analytics, Inc.
Canary Speech, LLC
NeuroLex Laboratories, Inc
Sonde Health, Inc.
Global Voice Technology in Healthcare Market by Application
- Aging/Lifestyle Communication
- Patient-Provider Communication
- Physician Notes
- Speech & Hearing Difficulty
- Development Platforms
- Vocal Biomarkers
- Patient Engagement
Global Voice Technology in Healthcare Market Based on End user
- Others (Institutes, etc.)
Global Voice Technology in Healthcare Market Based on Region
- Rest of Europe
- South Korea
- Australia & New Zealand
- Rest of Latin America
Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
Major Qualitative Insights
- Industry Overview
- Future Trends in Voice Technology in Healthcare Market
- Voice Technology in Healthcare Market Drivers and Challenges
- Voice Technology in Healthcare Market Size and Forecast
- Clinical Trial/Pipeline Analysis
- Compassionate Voice Technology in Healthcare Key News/Industry Activities
- Major Mergers & Acquisition in Voice Technology in Healthcare Industry
- Competitive Landscape
- Company Overview
- Latest Strategic Developments
InsightAce Analytic follows a comprehensive and standard market research methodology focused on offering the most accurate and precise market insights. The company focuses on data triangulation using statistical models that helps company to generate market estimation with minimum deviation. The methodology followed for all our market studies include:
- Primary Research (Industry experts and KOLs interviews)
- Secondary Research (Collection of qualitative and quantitative data from desk research)
- Statistics Data Analysis Models