Voice Technology in Healthcare Market Size to Achieve US$ 21.67 Billion, Expanding at 19.9% CAGR Forecast By 2024-2032

Growing demand for hands-free healthcare solutions is a major factor driving voice technology in healthcare market.

NEW YORK CITY, NY, UNITED STATES, October 2, 2024 /EINPresswire.com/ -- The voice technology in healthcare market forecast for 2032 is a specialized study of the industry with a specific concentration on the global market trend analysis.

The voice technology in healthcare market is expanding. The market is estimated to reach USD 21.67 billion by 2032. It was valued at USD 4.23 billion in 2023. It exhibited a CAGR of 19.9% from 2024 to 2032.

What is Voice Technology in Healthcare?
AI-fuelled voice assistants such as Alexa, Siri, and others are simplifying the lives of people. These voice assistants accomplish many chores by just ensuing the voice instructions provided to them. One sector that is contributing to vice technologies is healthcare. Voice technologies have rendered incursion in this sector and smoothened many functions. Voice technologies in healthcare have been advantageous to clinicians, technology specialists, and patients alike.

Voice assistants have become a benefit in procedure rooms where aseptic ambiance is required to be preserved. Voice assistants exceedingly decrease the examples of physical contact. Voice assistants such as Alexa, Cortana, and Siri are combined with electronic health record systems. This entitles the surgeons in the procedure rooms to effortlessly approach the needed details about the patient at any time. The doctors are only required to vocalize into their headsets, and the voice assistants gather the message and immediately withdraw the needed reports and showcase them on the screens for swift and simple recommendations. The requirement for enhanced patient engagement is impacting voice technology in healthcare market growth favorably.

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Who Makes Voice Technology in Healthcare?
• Nuance Communications
• Amazon Web Services (AWS)
• Microsoft Corporation
• Google LLC
• Apple Inc.
• IBM Corporation
• Cerner Corporation
• Philips Healthcare

Some of the leading players in voice technology in the healthcare market. Critical players in the market include industry figureheads and inventive startups that are pushing the advancement and acquisition of voice-sanctioned solutions. These firms are vanguards in amalgamating voice technology into several healthcare applications spanning from patient interaction to diagnostics and electronic health record gathering.

Some of the latest developments in the market are:
• In April 2023, WS declared the alliance with Mayo Clinic to advance contemporary cloud-dependent AI and voice technology solutions targeted at enhancing patient care and functional productivity, rendering a notable landmark in their healthcare capabilities.

• In March 2022, Microsoft received Nuance, which intends to speed up the amalgamation of AI and voice technology in healthcare via Microsoft's cloud services, additionally stiffening Nuance's market standing.

What’s Driving Market Forward?

• Streamlining Documentation Procedures: Healthcare experts are growingly utilizing voice-triggered systems to smoothen the documentation procedure, decreasing the time dispersed on data entry and enhancing the preciseness of patient records. This amalgamation permits physicians to refurbish patient details, recover data, and handle records hand-free, causing more productive enterprises and decreasing supervisory load.

• Rise in Voice-Activated Virtual Assistants: The usage of voice-activated virtual assistants in healthcare is surging, pushed by the requirement for more customized and available patient care. These attendants fuelled by AI are being situated in several healthcare settings to help with chores such as consultation organizing, medication prompting, and patient observing. This, in turn, is having a favorable impact on voice technology in healthcare market sales.

• Voice Enable AI Technology: Voice-enabled AI is growingly being acquired in the healthcare sector for diagnostic motives. Progressive algorithms can survey voice motifs to determine premature indications of illnesses such as Parkinson’s, Alzheimer’s, and respiratory conditions.

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Which Region Leads Market Growth?
• North America: North America accounted for the largest voice technology in the healthcare market share. The region's robust growth is primarily due to a progressive healthcare framework and the premature acquisition of inventive technologies.

• Europe: Europe is anticipated to witness significant growth from 2024 to 2032. This can be attributed to the region's concentration on improving healthcare conveyance through digital conversion.

How Is Market Segmentation Done?

By Application Outlook:
• Aging/Lifestyle Communication
• Patient-Provider Communication
• Physician Notes, Speech & Hearing Difficulty
• Development Platforms
• Vocal Biomarkers
• Others

By End-User Outlook:
• Patients
• Physicians
• Others

By Regional Outlook:
• North America (US, Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Australia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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FAQs:
What is the global voice technology in healthcare market value?
The market size was valued at USD 4.23 billion in 2023 and is projected to grow to USD 21.67 billion by 2032.

What is the growth rate of voice technology in the healthcare market?
The global market is projected to register a CAGR of 19.9% during the forecast period, 2023-2032.

Which region held the largest market share?
North America had the largest share of the global market.

Which application dominates the market?
Patient-provider communication dominated the market in 2023.

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