The Voice Technology in Healthcare Market is expected to grow at a 14.70 % CAGR during the forecast period for 2023-2031.
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 significant 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 who saved phone calls. The voice-user interface has a profound 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 operations, 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 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 are 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.
|
Report Attribute |
Specifications |
|
Growth Rate CAGR |
CAGR of 14.70 % from 2023 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Applications, By End-Users |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
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., and others |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Voice Technology in Healthcare Market Snapshot
Chapter 4. Global Voice Technology in Healthcare Market Variables, Trends & Scope
4.1. Market Dynamics
4.1.1. Drivers
4.1.2. Challenges
4.1.3. Key Trends in the Voice Technology in Healthcare Market
4.2. Penetration & Growth Prospect Mapping
4.3. Investment/Funding Analysis
4.4. Industry Analysis – Porter’s Five Forces Analysis
4.5. Competitive Landscape & Market Share Analysis
4.6. Technology Advancement in Voice Technology in Healthcare
Chapter 5. Market Segmentation 1: Application Estimates & Trend Analysis
5.1. Application Type & Market Share, 2019 & 2028
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2018 to 2028 for the following Application:
5.2.1. Aging/Lifestyle Communication
5.2.2. Patient-Provider Communication
5.2.3. Physician Notes
5.2.4. Speech & Hearing Difficulty
5.2.5. Development Platforms
5.2.6. Vocal Biomarkers
5.2.7. Patient Engagement
Chapter 6. Voice Technology in Healthcare Market Segmentation 2: End-user Estimates & Trend Analysis
6.1. End-user Analysis & Market Share, 2019 & 2028
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2028 for the following End-user:
6.2.1. Physicians
6.2.2. Patients
6.2.3. Others (Institutes, etc)
Chapter 7. Voice Technology in Healthcare Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America Voice Technology in Healthcare Market revenue (US$ Million) estimates and forecasts by end-user, 2019-2028
7.1.2. North America Voice Technology in Healthcare Market revenue (US$ Million) estimates and forecasts by application, 2019-2028
7.1.3. North America Voice Technology in Healthcare Market revenue (US$ Million) estimates and forecasts by country, 2019-2028
7.1.3.1. U.S.
7.1.3.2. Canada
7.2. Europe
7.2.1. Europe Voice Technology in Healthcare Market revenue (US$ Million) by end-user, 2019-2028
7.2.2. Europe Voice Technology in Healthcare Market revenue (US$ Million) by application, 2019-2028
7.2.3. Europe Voice Technology in Healthcare Market revenue (US$ Million) by country, 2019-2028
7.2.3.1. Germany
7.2.3.2. Poland
7.2.3.3. France
7.2.3.4. Italy
7.2.3.5. Spain
7.2.3.6. UK
7.2.3.7. Rest of Europe
7.3. Asia Pacific
7.3.1. Asia Pacific Voice Technology in Healthcare Market revenue (US$ Million) by end-user, 2019-2028
7.3.2. Asia Pacific Voice Technology in Healthcare Market revenue (US$ Million) by application, 2019-2028
7.3.3. Asia Pacific Voice Technology in Healthcare Market revenue (US$ Million) by country, 2019-2028
7.3.3.1. China
7.3.3.2. India
7.3.3.3. Japan
7.3.3.4. Australia
7.3.3.5. Rest of Asia Pacific
7.4. Latin America
7.4.1. Latin America Voice Technology in Healthcare Market revenue (US$ Million) by end-user, (US$ Million)
7.4.2. Latin America Voice Technology in Healthcare Market revenue (US$ Million) by Application, (US$ Million)
7.4.3. Latin America Voice Technology in Healthcare Market revenue (US$ Million) by country, (US$ Million) 2019-2028
7.4.3.1. Brazil
7.4.3.2. Rest of Latin America
7.5. MEA
7.5.1. MEA revenue Voice Technology in Healthcare Market revenue (US$ Million) by end-user, (US$ Million) 2019-2028
7.5.2. MEA revenue Voice Technology in Healthcare Market revenue (US$ Million) by country, (US$ Million) 2019-2028
7.5.2.1. South Africa
7.5.2.2. Rest of MEA
Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles
8.2.1. Ava
8.2.2. Aural Analytics, Inc.
8.2.3. CardioCube
8.2.4. CAREANGEL
8.2.5. Cogito Corporation
8.2.6. Cognoa
8.2.7. conversationHEALTH
8.2.8. Canary Speech, LLC
8.2.9. HEALTHYMIZE
8.2.10. Corti
8.2.11. NeuroLex Laboratories, Inc
8.2.12. Orbita, Inc.
8.2.13. Pillo, Inc.
8.2.14. PeakProfiling
8.2.15. ResApp Health
8.2.16. Sensely, Inc.
8.2.17. Sonde Health, Inc.
8.2.18. MDOps Corporation
8.2.19. Memory Lane
8.2.20. Kencor Health
8.2.21. Intuition Robotics
8.2.22. Winterlight Labs
8.2.23. Vocalis Health
8.2.24. VocaliD, Inc.
8.2.25. Voiceitt
8.2.26. Kiroku Ltd.
8.2.27. Saykara Inc.
8.2.28. Sopris Health
8.2.29. Zealth, Inc.
8.2.30. Other Prominent Players
Global Voice Technology in Healthcare Market by Application
Global Voice Technology in Healthcare Market Based on End user
Global Voice Technology in Healthcare Market Based on Region
Europe
North America
Asia Pacific
Latin America
Middle East & Africa
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
