Lab-on-a-Chip Device Market Synopsis, Research Report and Global Demand

 Lab-on-a-Chip Device Market Synopsis:

Lab-on-a-chip is a nascent technology and has been gaining much popularity over recent years. It enables the integration of one or more lab processes on a single integrated chip, which measures in millimeters to a few squares. Market Research Future (MRFR) has offered the latest report which unfolds that the global lab-on-a-chip device market is poised to demonstrate a robust CAGR of 10% across the projection period 2018 to 2023.

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The extensive use of the chip is the medical science field is likely to drive the market’s growth in the subsequent years. It facilitates convenient sample handling, which further helps in effective diagnosis of infectious diseases. In addition, it also makes the results available in the minimum time. These factors are expected to increase the demand for the product in the years to come. Hence, the report asserts that the global lab-on-a-chip device market is set to have a lucrative future trajectory for the next few years.

The device has also found a major application in research & development purposes owing to its key properties such as automated biochemical assays, easy portability, and convenient huge sample handling provision. Increasing investments in research & development are anticipated to aid expansion of the lab-on-a-chip device market in the years to come.

The rising research on biosensors and biomarkers are also prognosticated to have a favorable impact on the proliferation of the lab-on-a-chip device market in the forthcoming years. Increasing deaths due to cancer has attracted massive investments for biomarkers and biosensors research. It is poised to open new avenues of growth for the market players over the next few years. On the contrary, the middle-income countries are not well-aware of the uses of the device and are anticipated to exhibit limited market growth. Also, the high purchasing cost of the devices is projected to undermine the growth pace of the lab-on-a-chip device market in the foreseeable future.

Lab-on-a-Chip Device Market Analyzed by Top Key Players:

The participants of the global lab-on-a-chip device market expected to play a crucial role in the competitive landscape over the assessment period are Becton, Dickinson and Company, Agilent Technologies, Inc., Danaher Corporation, Bio-Rad Laboratories, Abbott Laboratories, Hoffmann-La Roche AG, PerkinElmer, Inc., IDEX Corporation, Thermo Fisher Scientific, Inc., Cepheid Inc., and Biacore AB.

 Lab-on-a-Chip Device Market Segmentation:

On the basis of product, the global lab-on-a-chip device market has been segmented into Instruments, Reagents & Consumables, software, and others.

The key technologies assessed in the segmental analysis of the lab-on-a-chip market are microarrays, microfluidics, tissue biochip, and others.

On the basis of application, the global lab-on-a-chip device market has been segmented into point of care diagnostics, genomics, proteomics, drug discovery, and others.

Based on end-user, the lab-on-a-chip device market has been segmented into biotechnology and pharmaceutical companies, hospitals and clinics, forensic laboratories, diagnostics laboratories, and academic & research institutes.

Lab-on-a-Chip Device Market Regional Analysis:

The global lab-on-a-chip device market, for an exhaustive geographical assessment, has been segmented into Europe, the Middle East & Africa (MEA), Asia Pacific, and Americas. Americas is leading the global market at present and is anticipated to control the growth of the market in the upcoming years. The growth pattern of the region is dependent on the advancements in molecular biology and genetic testing. In addition, the rising prevalence of infectious diseases is further poised to aid the growth of the regional lab-on-a-chip device market over the forecast period.

Europe is the second leading market for lab-on-chip devices. Its growth is supported by government initiatives promoting clinical research and trials. Asia Pacific, lab-on-a-chip device market is expected to scale the highest CAGR across the forecast period. Increasing manufacturing facilities in the region is projected to catalyze revenue growth in the regional market in the forthcoming years.

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 MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Veterinary Pain Management Market 2020 | Demand, Analysis and share by 2027

 Veterinary care is instrumental in alleviating the pain levels of companion and farm animals while tending to their injuries. Various drugs and treatments are administered to animals after considering the aftereffects as well as numerous risks. The global veterinary pain management market report by Market Research Future (MRFR) has compiled with a list of drivers, challenges, and opportunities being described in detail for comprehension of users.

 

Market Highlights:
Veterinary Pain Management Market size is growing rapidly and pervasively mainly due to the spreading awareness towards animal care. People are generally compassionate towards their pets, and they are increasingly becoming aware of animal physiology and psychology and the pain they go through during sickness, injuries, recoveries and after effects of the diseases. Besides, factors such as the increasing number of pet owners and the strengthening bond between owners and their animal companions escalate the market on the global heights.

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Acknowledging the rapid expansions, the market perceives currently, Market Research Future (MRFR) in its recently published study report asserts that the global veterinary pain management market will reach significant growth heights by 2023 registering 8.2% CAGR during the review period (2018 – 2023).

Additional factors substantiating the market growth include the rising per capita income that is leading to increasing the pet adoptions and the trend of nuclear families. Increased awareness concerning animal cruelty is influencing people’s ideologies and knowledge about animals.

Moreover, developments in animal health medicines and vaccines, along with the increased medical treatments are fostering the market growth of veterinary pain management market. Increased R&D expenditure to bring innovations in the products, and development of better and effective veterinary pharmaceuticals and vaccines, etc. are contributing to the market growth.

Improving economic conditions worldwide foster market growth, enabling access to the quality of life, increasing consumers’ buying power, and availing cost-effective veterinary healthcare.

On the other hand, factors such as the lack of awareness and knowledge pertaining to the animal well-being and the rising cost of pet care, etc. are expected to impede the market growth. Also, unavailability of skilled doctors is a major restraint the market is confronting with.  Nevertheless, technological advancement, increasing number of ambulatory services coupled with the government and public organizations initiatives like PETA, working towards animal rights and liberation are expected to support market growth.

Veterinary Pain Management Market   - Segmentations
MRFR has segmented the analysis into seven key dynamics for better understanding: -

By Drug Type: Nonsteroidal Anti-Inflammatory Drugs, Opioids, Local Anesthetics, Α2-Adrenergic Agonists, Muscle Relaxants, Sedatives, and Corticosteroids among others.

By Devices: Laser Therapy Devices and Electromagnetic Therapy Devices among others.

By Route of Administration: Oral, Parenteral, and Topical among others. 

By Animal Type: Companion Animals, Livestock, Research Animals, Aquatic Animals, Zoo Animals, and Exotic Animals among others.

By Application: Joint Pain, Postoperative Pain, and Cancer among others.

By End-user: Veterinary Hospitals & Clinics, Research Institutes & Universities, and Laboratories among others.                                                                                                                  

By Regions:  Europe, North America, APAC and the Rest-of-the-World. Regional Analysis

North America, Asia Pacific, Europe, and Rest-of-the-World (RoW) are the regions being considered for the basis of the report. 

North America is estimated to hold the majority of the global veterinary pain management market due to rise in the adoption rate of pets in the U.S. and Canada. According to the survey by National Pet Owners, close to 68% of families owned household pets in the U.S. as of 2017. Other major drivers pushing the market expansion in the region include awareness of animal health, technically advanced devices, and preventive treatment facilities for companion animals. Investments in pet coverage schemes can bode well for the global veterinary pain management market in the forthcoming years.

Europe is the second biggest region for the market due to availability of advanced healthcare units and pet treatment clinics. Grading systems developing for assessing pain levels and doling out right advice are expected to drive regional market growth.

Competitive Outlook

Ceva Santé Animale, Elanco, Vetoquinol, Bayer, Assisi Animal Health, Zoetis, Merck Animal Health, Norbrook Laboratories, Boehringer Ingelheim, Dechra Pharmaceuticals, and Chanelle are major players of the global veterinary pain management market.

Industry/ Innovation/ Related News:

November 08, 2018 – Vetoquinol USA, a world-class developer of veterinarian-approved formulas for large animal healthcare products, announced the launch of its rebranded product line - EQUISTRO®. The rebranding includes new packaging for products and others. All EQUISTRO products are now available in veterinary clinics and in retail stores that sell feed, farm supplies, horse tack, and equine products. The rebranding strategy helps to expand the products available for performance horses through Vetoquinol.

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 MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Arachnoid Cysts Market 2020- Regional growth, Analysis and forecast till 2023

 

Overview:

The global arachnoid cysts market is witnessing a slow growth over the past few years. However, it is estimated that the market is expected to steadily grow during the forecast period (2018–2023) due to the rising numbers of patients suffering from meningitis, tumors, and head injuries. Moreover, increasing healthcare expenditures boost the growth of the market.

Rising rates of intracranial arachnoid cysts and spinal arachnoid cysts are driving the market growth predominantly. Besides, rising cases of spinal injuries resulting in cysts are increasing the size of the market. Additionally, factors such as increasing awareness of tumors & meningitis and government support for healthcare facilities boost the growth of the market, excellently. 

Acknowledging the kind of growth this market is witnessing currently, Market Research Future (MRFR) asserts that the global arachnoid cysts market is expected to significant heights by 2023. In its recently published study report, MRFR also suggests that the market would register an impressive CAGR throughout the review period (2018 to 2023). Also, improvements in treatment procedures are driving the growth of the market.

Drivers & Restraints

Additional factors such as spreading awareness about the availability of diagnostic tests and growing numbers of research in the field & uptake of advanced technology substantiate the growth of the market. Moreover, the improvement in treatment techniques and medical devices would support the market growth continuing during the review period. Furthermore, non-invasive surgeries and the availability of tools for the detection of the condition is estimated to stimulate market expansion, creating significant growth opportunities for the players operating in the arachnoid cysts market. 

On the other hand, factors such as the lack of knowledge may restrict market growth during the assessment period. Nevertheless, high investment transpired in R&D by public and private organizations would support the growth of the market throughout the forecast period. Moreover, the emergence of new technologies is expected to contribute the market growth over the review period. 

Global Arachnoid Cysts Market – Segmentations

The analysis is segmented into four main dynamics to widen the scope of understanding,

By Type                  : Intracranial and Spinal.

By Diagnosis         : CT Scan, MRI Scan, Prenatal Ultrasound, and other tests.

By Treatment       : Permanent Drainage System, Surgery Fenestration, Endoscopic Cyst Fenestration, and others.

By Regions             : Americas, Europe, Asia-Pacific, Middle East & Africa, and Rest-of-the-World.

Global Arachnoid Cysts Market – Geographical Analysis

North America dominates the global arachnoid cysts market with a significant market share. Factors such as the technological advancements and rising prevalence of tumor & meningitis drive the growth of the regional market. Moreover, increasing biomedical research initiatives and the adoption of advanced diagnosis processes are substantiating the market growth.

The US holds a considerable share in the global arachnoid cysts market due to the increasing uptake of advanced imaging technologies, which, as a result, drives the regional market predominantly. Furthermore, the presence of matured players and a well-developed healthcare sector impacts market growth positively. Heading with the rising cases of a brain tumor or CNS tumor, the North American arachnoid cysts market is estimated to grow exponentially.

Europe stands second in the global arachnoid cysts market in terms of the market share. The market growth attributes to the growing prevalence of spinal cord & brain tumors and increasing healthcare expenditure. Besides, factors such as the increase in R&D activities and new product launches foster the growth of the regional market. Moreover, rapid strategic initiatives such as collaborations and partnerships are fuelling market growth. The European arachnoid cysts market is expected to demonstrate healthy growth during the review period.

The arachnoid cysts market in the Asia Pacific region is emerging as a lucrative market, globally. Factors such as the ever-increasing population and rising prevalence of brain tumors, especially in India and China are impacting the market growth positively.  Japan holds the largest revenue share, whereas, China is poised to be the fastest-growing market due to its large healthcare infrastructure and an increase in demand drive the growth of the market. The APAC arachnoid cysts market is projected to create a substantial revenue pocket during the assessment period.

Global Arachnoid Cysts Market – Competitive Analysis

The arachnoid cysts market appears competitive & fragmented owing to the presence of several matured players. Strategic partnerships, collaborations, expansions, mergers & acquisitions, and product & technology launches, remain the key strategies of these market players to achieve a larger competitive share. 

Major Players:

Players leading the arachnoid cysts market include Sophysa, Aesculap, Inc., Spiegelberg GmbH & Co. KG., DePuy Synthes, Integra LifeSciences, Medtronic, Christoph Miethke GmbH & Co. KG, Boston Neurosciences, Tokibo Co. Ltd., Koninklijke Philips N.V., Hitachi Medical Systems Europe, General Electric Company, FUJIFILM SonoSite, Inc., and Siemens Healthcare Private Limited, among others. 

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Aromatherapy Global Market Growth Factors, Types and Application by Regional Analysis 2023

 Surgeries and medicines made from chemicals are not the remedies for every medical problem. Sometimes, aromatherapy can heal patients in miraculous ways if patients can use aromatic plant oils (including essential oils and other aroma compounds) in the correct manner. Therefore, the market for aromatherapy is rising due to various factors that include the growing lifestyle industry, large number of people opting for aromatherapy and non-invasive nature of aromatherapy. Aromatherapy via essential oils can not only combat cold and breathing disorders, it can also enhance the immunity (and resistance against diseases) of the human body. Aromatherapy is also the remedy for problems that are caused by the modern lifestyle. The market restraints that are likely to slow down the growth of the aromatherapy market include increasing stringency of regulations such as indications which a brand has to provide. For example, the brand needs to mention the category the essential oil falls in.

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Market Research Future (MRFR) has published a research report about global aromatherapy market. The theory of this report anticipates 6.18% CAGR (Compound Annual Growth Rate) between 2017 and 2023. In terms of cash, the market growth is expected to reach the US $ 4.3 bn by the end of the forecast period. This report analyzes the market structure with the forecast for six years, factors affecting market growth, on the basis of porters five force analysis, price analysis, and supply chain analysis. It also lists the key players and explores their business strategies. Market developments that are competitive in nature include the development of new treatments, joint ventures, mergers and acquisitions, and strategic alliances.

The global aromatherapy market has been segmented on the basis of the product. The product-based segmentation covers application, essential oils, equipment, therapeutic application and lastly region. The application segment has been sub-segmented into inhalation, tropical, and aerial diffusion. Based on essential oils, the market segmentation comprises of citrus, floral, green/vegetative, herbaceous/camphoraceous, & spicy and others. The equipment segment has been segmented into heat diffuser, nebulizer diffuser, and ultrasonic diffuser. On the basis of therapeutic application, the market has been segmented into pain management, relaxation and sleep, skin and hair care, and other remedies.

The regional segmentation of the global Aromatherapy Market covers North America, Europe, Asia Pacific, and Middle East & Africa (MEA). The biggest regional market in the global aromatherapy market in North America, and the backbone of this market is the revenue from the United States of America (USA). Due high density of population and high per capita income, the USA is a big market by default. The only restraint in this region is ambiguity and uncertainty of the therapeutic potential of aromatherapy. The second largest and fastest growing market for aromatherapy is Europe. In Europe, France is the biggest market for aromatherapy due to a tradition of aromatics whereas Italy is the second largest market. Majority of the biggest players of the global aromatherapy market are also based in North America and Europe. This is also another reason for these two continents emerging as the two biggest regional markets. Asia Pacific region is witnessing a steady growth of the aromatherapy market with China being the biggest market due to the high population while India is the second largest market here. As China and India have traditions of aromatherapy, in these countries, the market is high despite lower per capita income compared to developed regions. In the MEA region, Saudi Arabia, and United Arab Emirates (UAE) are very lucrative markets due to their greater wealth and the greater expansion of tourism in these regions. Among African countries, Algeria, Egypt, and South Africa. Due to poor income and low expenditure on public healthcare, the market of remaining Africa is low.

Key Players

The key players in global aromatherapy market include Air Aroma (USA), Nu Skin (USA),  Muji (Japan), Tree of Life (made by Jaroma), Young Living (USA), Zija International (China), dōTERRA (USA), NOW Foods (USA), and Neal’s Yard Remedies (United Kingdom).

Latest Industry News

·         Olfinity, an intelligent air system is set to bring air purification, air quality assessment, and controlled aromatherapy together in a series of products. These products are meant to improve indoor health and wellness. The Olfinity series of products includes an air monitor, air purifier, and aromatherapy diffuser.

·         Entering the “wellness market,” popular retailer Anthropologie is launching a new range of products that includes aromatherapy and essential oils, books and stationery, coffee and teas, crystals, fitness products, hair and skin care items, and supplements.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Global Spirometry Market -News, Global Trends and Regional forecast

 

Spirometry Market Overview

Spirometry is a test to examine the functioning and condition of the lungs. The increase in lung disorders like asthma, chronic obstructive pulmonary diseases (COPD), and others have boosted the demands for spirometry and is getting stronger with time. Also, the increase in the adoption of unhealthy lifestyle habits like smoking and increasing air pollution has increased the breathing disorders among all age groups, which has boosted the demands for this technology. The companies are developing a new set of equipment and devices, which makes the lung testing easier for the practitioners and the patients.

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A vast increase in the old age population, which has added to the tally of this market, has provided a necessary boost to this market. The companies are readily investing in research & development programs, which has helped them in introducing the devices with advanced features and is helping the market is expanding its share globally. As the demands are accelerating, the people are now looking for home care setting devices, which can decrease the rush in healthcare facilities and will help the user to get real-time reports.

Apart from the uses and features, the global spirometry market faces severe challenges from the high testing costs, and weak reimbursement policies have restrained the market growth, which has slowed down the market globally. This report will shed light on the competition, opportunities, drivers & restraints, and other factors affecting the local and global spirometry market. The global market is expected to register nearly a 10 % annual growth rate during the survey.

Spirometry Market Division

The global spirometry market is segmented into classes as follows:

The global spirometry market is segmented into the desktop (PC) spirometry, tabletop spirometry, and handheld spirometry based on types of products.

The global spirometry market is characterized by volume measurement spirometry, flow measurement spirometry, peak flow meter (PFM), and others based on technology.

The global spirometry market is characterized by diagnostic and treatment monitoring based on applications.

Based on end-users, the global spirometry market is segmented among research institutes, hospitals, home care, and others.

Spirometry Market Regional Classification

Spirometry has gained global adoption worldwide due to the rapid increase in lung disease counts, decreasing air index, and the adoption of unhealthy habits. The Asia Pacific, North America, Europe, and the rest of the world are the major market studies for the global spirometry market. The North American region is leading the market due to the vast population covers, demands for better alternatives, well-established healthcare systems, increasing research & development programs, and other factors. On the other hand, the Asia Pacific region will register the fastest growth rates due to rapid developments in healthcare sectors, rise in healthcare budgets, increasing occurrence of lung disorders, vast population covers, increasing disposable incomes, and other factors.

Spirometry Market - Competitive Landscape

Prominent players in the spirometry market include Carefusion Corporation (U.S.), NDD Medical Technologies, Inc. (U.S.), Nihon Kohden Corporation (Germany), MGC Diagnostics Corporation (U.S.), Vitalograph (U.K.), Schiller AG (Switzerland), COSMED srl (Italy), Hill-Rom Holdings, Inc. (U.S.), Midmark Corporation (U.S.), Smiths Medical Inc. (U.S.), and Koninklijke Philips N.V. (The Netherlands).

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Industry News

The global spirometry market is driven by the increasing geriatric population and the increasing air population. The tabletop spirometry segment will lead the market and will be the fastest-growing. The global market is led by the North American region, whereas the Asia Pacific region will register the highest growth rate.

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Research On Non-Alcoholic Steatohepatitis Biomarkers Market (2020-2023) | MRFR

 et Overview

NAFLD's diagnosis is of particular significance due to the chances of its moving to more severe stages. In addition, in early-stage diagnosis instances, the use of specific strategies such as growing physical exercise and dietary modification may avoid unpleasantness of the disease. Except in more severe stages of the disease, like non-alcoholic steatohepatitis (NASH), it's still necessary to detect it as soon as possible because of the risk for cirrhosis progression.

Biomarkers are important for testing and treatment approaches for fatty liver disease cases and for faster diagnosis of potentially life threatening NASH and NAFLD. This will allow for the diagnosis and treatment of disease using a clear biomarker blood test, thereby preventing a biopsy of the liver. Managing the inherent comorbidities that produce NASH syndrome is possible, and the natural history of this daunting disease should increase. Furthermore, biomarker approaches will interface work in biomedicine.

The global market for Non-alcoholic Steatohepatitis (NASH) Biomarkers Market is projected to witness a 20.92 percent CAGR and is expected to hit the US$1.960.4 million mark by 2024. The key factors that pave the way for the growth of the worldwide market for non-alcoholic steatohepatitis biomarkers are the expanding presence of NASH, growing need for non-invasive diagnostic testing and awareness-raising campaigns. On the opposite, the existence of stringent rules for the certification of biomarkers by the United States FDA is expected to slow the growth of the market during the forecast period.

Market Segmentation

The global market for non-alcoholic steatohepatitis biomarkers has been segmented on the basis of end users and type. Based on type, the market is segmented into Hepatic Fibrosis Biomarkers, Serum Biomarkers, and others. And by end user, the market segment covers CROs, pharmaceutical companies, and others. The study on the global market for non-alcoholic steatohepatitis biomarkers focuses on market value and size at corporate, local, and global levels. From a broader perspective, the study report portrays the total market size of non-alcoholic steatohepatitis biomarkers by examining existing market patterns, historical evidence and expectations for future development. Market revenue from various national markets has been applied to quantify the global market's total revenue. The study offers an outline of the solutions in the industry, and also demonstrates the pace of growth in the global market.

Regional Overview

Geographically, the global demand for non-alcoholic steatohepatitis biomarkers has been subdivided into MEA, Asia-Pacific, North America, Europe, and is sub-segmented into country level markets such as India, the United States, China, Japan, Australia, etc. The report provides comprehensive information from regional segments while covering local and global market size, regional market rivals, performance data, and statistics on exports and import. The study also discusses regional market patterns, trends, production and utilization rate of goods, revenue from the market sector, and the rate of growth. The report also covers the demand data from several industries and a wide range of opportunities present in the region that are expected to drive growth.

Industry News

Research has found a biomarker linked to the growth of non-alcoholic fatty liver disorder in human beings that could help doctors uncover early stages of the illness. The scientists also found that this biomarker, a protein classified as the 'neuronal regeneration-related protein', plays a critical role in controlling a mechanism that is now being investigated as a therapeutic choice for the condition in clinical trials.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Market Research Future

Office No. 528, Amanora Chambers

Magarpatta Road, Hadapsar,

Pune – 411028

Maharashtra, India

+1 646 845 9312

Email: sales@marketresearchfuture.com 

NOTE : Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

Analysis on Vocal Biomarkers Market Trends and Demand by 2023

 Vocal Biomarkers Market Scope

The vocal biomarkers market 2020 can touch USD 2.5 billion by 2023-end, says Market Research Future (MRFR). MRFR also projects the global market to attain a decent CAGR of 14.5% between 2017 and 2023 (evaluation period). We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.

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Primary Drivers and Main Deterrents

SARS-CoV-2 can be characterized by certain dysfunction within the respiratory system, which includes the diaphragm along with lower respiratory tract. COVID-19 is therefore known to induce breathing issues and have a negative impact on lungs. Considering the fact that the COVID-19 impact is largely on the breathing functions, along with a few cases of neurological issues induced by the pandemic, it is expected that vocal biomarkers obtained from the speech subsystem can be a significant indicator of the virus. In a nutshell, vocal biomarkers’ use for detection of the novel coronavirus has increased incredibly in the past few months, and can have a positive impact on the global market, despite the lockdown imposed worldwide.

Many companies are introducing new apps and services following the pandemic, with the aim to capture a higher share in the global market. To illustrate, in July 2020, Sonde Health launched an app that is based on vocal biomarker. The app helps detect any respiratory symptoms with only the use of the person’s voice. The app is mainly targeted for the company’s workforce who can use it to decide whether to enter the office, since it will inform the employee based on their voice if they should enter the office or remain at home.

Vocal biomarkers technology is highly cost-efficient that accurately detects diseases, and following the COVID-19 outbreak, it has emerged as an extremely useful tool for the healthcare industry. Pharmaceutical vendors are leveraging the benefits of vocal biomarkers as these also help detect neurological and psychiatric disorders. A few conditions such as Alzheimer’s, Schizophrenia and Parkinson’s can also be detected at an early stage, which helps doctors come up with effective treatment plans without losing time. Apart from the healthcare industry, vocal biomarkers are also used to detect a lie, a highly valuable factor in security agencies and defense organizations, where apprehending a criminal is of utmost priority.

Vocal Biomarkers Market Segmental Insight

The vocal biomarkers industry has been considered depending on type, indications and end users. 

The key types of vocal biomarkers are amplitude, frequency, pitch, vocal rise or fall time, error rate, voice tremor, phonation time, and others.

With respect to the indications segment, the market caters to psychiatric disorders (attention deficit, disruptive behavior disorders, depression, and others), neurological disorders (Huntington's disease, Alzheimer's disease, Parkinson’s disease (PD), others), traumatic brain injury (TBI), cardiovascular disorders, respiratory disorders and more.

The main industry end users are academic and research, hospitals and clinics, to name a few.

Vocal Biomarkers Market Regional Outlook

North America along with Middle East & Africa/MEA, APAC/ Asia Pacific and Europe are the main markets for vocal biomarkers.

The market in the US is currently the most lucrative, given the positive reimbursement conditions and the high spending on healthcare. The quick uptake rate of the latest technologies in the country also adds to the vocal biomarkers market’s strength. Thanks to the expanding scope of health-related and voice-assistant applications, healthcare and life sciences organizations are increasingly focusing on using voice assistant technology in various clinical trial settings.

Europe comes in second in the global market, as a result of the favorable financial status of various countries and the growing awareness with regard to vocal biomarkers. The well-developed healthcare infrastructure along with the high number of financially stable research institutes that make extensive use of superior technologies can also be cited as significant growth inducers in the European market.

APAC seems to hold the highest growth potential out of all the regions, and is spearheaded by the fast developing countries of India and China. Vocal biomarkers’ extensive deployment in respiratory problems, neurological disorders, traumatic brain injury, and more in the region has led to an incredible growth spike in recent years. APAC is majorly focused on research and development with the prime objective to extend the application scope of vocal biomarkers, encouraged by the strong support of the government and related companies in the form of substantial investments.

Vocal Biomarkers Market Eminent Companies

Cogito Corporation, Beyond Verbal, IBM Corporation, Sonde Health, Audio Profiling and more are the eminent companies mentioned in the extensive market study by MRFR.

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