Voice Technology in Healthcare Market Size, Share, By Technology Type (On-Premises Solutions, Cloud-Based Solutions, and Hybrid Solutions), By Feature (Machine Learning & AI, Multilingual Support, Natural Language Processing (NLP), and Others), By Application (Development Platforms, Patient-Provider Communication, Vocal Biomarkers, Aging/Lifestyle Communication, and Others), By End User (Physicians, Patients, and Others), and By Region - Trends, Analysis and Forecast till 2034

Report Code: PMI562924 | Publish Date: September 2024 | No. of Pages: 176

Voice Technology In Healthcare Market Overview

Voice Technology in Healthcare Market Size was valued at USD 5.6 billion in 2024 and is expected to grow at a CAGR of 20.5% to reach USD 30.5 billion by 2034.

Voice technology is increasingly transforming the healthcare industry by enhancing the efficiency of communication and the accuracy of data management. This innovative technology leverages voice recognition, natural language processing (NLP), and artificial intelligence (AI) to facilitate a range of healthcare applications, from administrative tasks to direct patient care.

Voice-activated virtual assistants (VAVAs) are a major development in voice technology for the healthcare industry. VAVAs help healthcare providers by automating repetitive chores like scheduling, data entry, and patient information retrieval. Because these systems are made to comprehend and interpret spoken language, medical professionals can use them to transcribe notes, update patient information, and retrieve vital data hands-free. This improves overall efficiency and patient outcomes by relieving healthcare providers of some of their administrative burdens and freeing them up to concentrate more on patient care.

Another important factor in improving patient-provider communication is voice technology. Voice-assisted devices, for example, can help individuals with speech and hearing impairments connect with their healthcare providers more successfully. Voice technology also helps the elderly population by enabling them to take care of their health more independently. Examples of this include voice-activated telehealth consultations and prescription reminders.

Voice Technology in Healthcare Market Share

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Voice Technology In Healthcare Market Dynamics

Key Drivers of Target Market:

Growing Adoption of AI and NLP in Healthcare

  • The integration of Artificial Intelligence (AI) and Natural Language Processing (NLP) in voice technology is revolutionizing healthcare by enabling more accurate and efficient data processing. AI-powered voice recognition systems help in reducing the administrative burden on healthcare providers, allowing for better focus on patient care.
  • For instance, Nuance Communications, a leader in AI-powered speech recognition expanded its partnership with Microsoft in 2024 to enhance its healthcare solutions, demonstrating the growing influence of AI in voice technology for healthcare.

Increasing Need for Efficient Clinical Workflows

  • The healthcare industry is under constant pressure to improve operational efficiency while maintaining high standards of patient care.
  • Voice technology, with its ability to streamline clinical workflows, is addressing this need by enabling hands-free data entry, quicker access to patient information, and seamless communication between healthcare professionals.
  • For instance, in July 2024, the adoption of voice technology in a leading U.S. hospital network reportedly led to a 30% reduction in time spent on administrative tasks, highlighting its impact on improving clinical efficiency.

Aging Population and Increasing Chronic Diseases

  • The aging global population and the rise in chronic diseases are significant drivers of the voice technology in healthcare market. As the number of elderly individuals continues to grow, there is an increasing demand for healthcare solutions that are both accessible and user-friendly.
  • Voice technology offers an intuitive way for older adults to manage their health, from setting medication reminders to using voice-activated devices for emergency assistance.
  • For example, older patients can use voice-activated virtual assistants to schedule appointments, track their health metrics, or receive daily reminders to take their medications, all without needing to interact with complex interfaces. This ease of use is particularly important for seniors, who may have difficulty using traditional electronic devices due to physical or cognitive limitations.

Restrains:

Privacy and Security Concerns

  • The use of voice technology in healthcare raises significant concerns regarding the privacy and security of sensitive patient information. Voice-activated devices and systems are vulnerable to data breaches and unauthorized access, which can compromise patient confidentiality.  

Technological Limitations and Integration Challenges

  • Despite its advancements voice technology still has issues correctly processing and identifying a wide range of accents, dialects, and medical terms. These technical limitations may result in patient-provider misunderstanding or inaccuracies in documentation.

Opportunities:

Development of Specialized Voice Assistants for Chronic Disease Management

  • The potential to create voice-activated assistants with specific features for controlling chronic conditions including diabetes, asthma, and hypertension is increasing. These specialist helpers are capable of tracking medication compliance, giving tailored health advice, and providing voice-activated real-time monitoring and alarms.

Use of Vocal Biomarkers for Early Disease Detection

  • One of the most innovative commercial opportunities is the ability to employ vocal biomarkers for early disease identification. Vocal biomarkers are able to identify minute alterations in voice patterns that could signal the start of diseases like depression, Parkinson's disease, or even heart problems.

Voice Technology In Healthcare Market Segmentation

The market is segmented based on Technology Type, Feature, Application, End User and Region.

Technology Type Insights:

  • On-Premises Solutions: This solutions involve installing voice technology systems directly within a healthcare organization’s own IT infrastructure. This approach provides full control over data security, system performance, and integration with existing systems.  
  • Cloud-Based Solutions: This segment is expected to dominate the target market growth as these solutions offer flexibility, scalability, and lower initial costs as they eliminate the need for extensive on-site hardware. They provide easy access to updates, support and integration with other cloud-based services.
  • Hybrid Solutions: This segment combines elements of both on-premises and cloud-based technologies. This approach allows healthcare organizations to benefit from the flexibility and scalability of cloud services while maintaining critical systems and sensitive data on-premises.

Feature Insights:

  • Machine Learning & AI: This segment is expected to dominate the target market growth as machine learning algorithms can learn from vast amounts of voice data to improve speech recognition and prediction capabilities. AI-powered tools can assist in diagnosing conditions based on vocal patterns and automate administrative tasks like transcribing medical records.  
  • Multilingual Support: This feature allows voice systems to understand and process multiple languages and dialects, facilitating accurate communication with patients from various linguistic backgrounds. Multilingual support helps in translating medical information, improving patient accessibility, and ensuring compliance with healthcare regulations in different regions.
  • Natural Language Processing (NLP): This segments enhances the accuracy of speech-to-text conversions and supports advanced functionalities like sentiment analysis and context understanding, making it a critical component of voice technology solutions.  
  • Others: This category includes a range of other technologies and applications found in the healthcare voice technology market. This could involve specialized applications like speech-activated medical devices interaction with Electronic Health Records (EHR) systems and voice authentication for security.

Application Insights:

  • Development Platforms: Development platforms in voice technology for healthcare provide the tools and frameworks necessary for creating and deploying voice-enabled applications.
  • Patient-Provider Communication: This segment focuses on using voice technology to improve interactions between patients and healthcare providers and this segment is expected to dominate the target market growth. Voice assistants and automated systems are employed to facilitate appointment scheduling, answer common medical queries, and provide remote consultations.   
  • Vocal Biomarkers: This section analyses voice data using sophisticated algorithms and machine learning to provide insights into a patient's health status. Based on vocal changes, it may be possible to detect illnesses early on.  
  • Aging/Lifestyle Communication: Voice assistants and smart home devices can help manage daily activities, remind patients to take medications, and provide companionship. This segment focuses on improving quality of life and independence for aging populations by offering voice-activated assistance and monitoring systems that cater to their specific needs.
  • Others: This section covers a variety of specialized and developing voice technology applications in healthcare that do not fit into any of the other categories. This can include speech-activated medical devices, specialized diagnostic tools, and creative research applications that investigate novel applications of voice technology.

End User Insights:

  • Physicians: This segment is expected to dominate the target market growth as physicians use voice recognition software to transcribe patient notes, reducing the time spent on manual data entry and allowing more focus on patient care. Voice technology can integrate with clinical decision support systems to provide real-time information and recommendations, aiding in diagnosis and treatment decisions.
  • Patients: Patients use voice commands to access health information, schedule appointments, or manage medications through health apps or smart devices. Voice technology can be integrated into remote monitoring systems, allowing patients to report symptoms or receive reminders for medication adherence.
  • Others: This segment includes various stakeholders such as healthcare administrators, IT professionals and developers who implement and manage voice technology solutions in healthcare settings.

Regional Insights

  • North America: North America is expected the dominant region in the target market as this region benefits from a high rate of digital health adoption, regulatory support, and significant funding for research and development. The emphasis on improving patient care and operational efficiency in healthcare settings drives the growth of voice technology solutions.
  • Asia Pacific: Due to rising patient care demands, growing digital infrastructure, and expanding healthcare needs, Asia Pacific is seeing rapid expansion in the speech technology in healthcare sector.  
  • Europe: Driven by government measures encouraging digital health and expanding healthcare digitization, Europe is aggressively integrating speech technology into its healthcare systems. Healthcare technology innovation, especially voice-based solutions, is supported by EU financing programs and policies.
  • Latin America: The target market growth is fueled by increasing investments in healthcare technology, government initiatives aimed at improving healthcare access, and the rising prevalence of chronic diseases.
  • Middle East and Africa: Due in large part to continued expenditures in hospital infrastructure and an increasing emphasis on digital transformation, the Middle East and Africa region is becoming a market for speech technology in healthcare.   

Voice Technology in Healthcare Market Report Scope:

Attribute

Details

Market Size 2024

US$ 5.6 Billion

Projected Market Size 2034

US$ 30.5 Billion

CAGR Growth Rate

20.5%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Technology Type - On-Premises Solutions, Cloud-Based Solutions, and Hybrid Solutions

By Feature - Machine Learning & AI, Multilingual Support, Natural Language Processing (NLP), and Others

By Application - Development Platforms, Patient-Provider Communication, Vocal Biomarkers, Aging/Lifestyle Communication, and Others

By End User - Physicians, Patients, and Others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study segmented the target market report based on Technology Type, Feature, Application, End User, and Region.

By Technology Type:

  • On-Premises Solutions
  • Cloud-Based Solutions
  • Hybrid Solutions

By Feature:

  • Machine Learning & AI
  • Multilingual Support
  • Natural Language Processing (NLP)
  • Others

By Application:

  • Development Platforms
  • Patient-Provider Communication
  • Vocal Biomarkers
  • Aging/Lifestyle Communication
  • Others

By End User:

  • Physicians
  • Patients
  • Others

By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Voice Technology In Healthcare Market Key Players

The key players operating the Voice Technology in Healthcare Market include Nuance Communications, Inc., Amazon Web Services (AWS), Google Health, Microsoft Corporation, IBM Watson Health, Apple Inc., Cerner Corporation, Meditech, Allscripts Healthcare Solutions, Philips Healthcare, Siemens Healthineers, Suki AI, VoiceBox Technologies, and Kandy.io.

Voice Technology in Healthcare Market Players

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Voice Technology In Healthcare Market Key Issues Addressed

  • In April 2024, Suki, the leader in voice artificial intelligence (AI) technology for healthcare, announced the launch of extended capabilities of Suki Platform, its suite of developer tools. Electronic health record systems (EHRs) and other healthcare technology solutions can use Suki's voice and AI capabilities thanks to the Suki Platform. Suki Platform now includes a range of APIs that let developers integrate certain talents, like ambient documentation, into their solution, as well as a software development kit (SDK) that lets developers embed Suki Assistant straight into their application.
  • In April 2024, GE HealthCare has launched voice-activated, AI-powered ultrasound machines for women's health. The Voluson Signature 20 and 18 imaging systems are the two machines launched which comes equipped with artificial intelligence (AI) technologies that can recognize and annotate foetal anatomy measurements automatically tasks that are commonly performed during second-trimester exams and offer step-by-step instructions for evaluating the fetus's heart structure.
  • In September 2023, Oracle has launched a new generative AI-powered voice assistant for healthcare providers to automate administrative tasks and carry out voice commands. The Oracle Clinical Digital Assistant aims to improve experiences for medical professionals and patients and links with Oracle’s electronic health records (EHR) platforms. The oracle clinical digital assistance deploys its generative AI to allow physicians to focus more on patient care and less on filling out paperwork and other bureaucratic necessities.

Voice Technology In Healthcare Market Company Profile

  • Nuance Communications, Inc.*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Amazon Web Services (AWS)
  • Google Health
  • Microsoft Corporation
  • IBM Watson Health
  • Apple Inc.
  • Cerner Corporation
  • Meditech
  • Allscripts Healthcare Solutions
  • Philips Healthcare
  • Siemens Healthineers
  • Suki AI
  • VoiceBox Technologies
  • Kandy.io

“*” marked represents similar segmentation in other categories in the respective section.

Voice Technology In Healthcare Market Table of Contents

Research Objective and Assumption

  • Research Objectives
  • Assumptions
  • Abbreviations

Market Preview

  • Report Description
    • Market Definition and Scope
  • Executive Summary
    • Market Snippet, By Technology Type
    • Market Snippet, By Feature
    • Market Snippet, By Application
    • Market Snippet, By End User
    • Market Snippet, By Region
  • Opportunity Map Analysis

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restraints
    • Market Opportunities
  • Market Trends
  • Product Launch
  • Merger and Acquisitions
  • Impact Analysis
  • PEST Analysis
  • Porter’s Analysis

Market Segmentation, By Technology Type, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • On-Premises Solutions
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Cloud-Based Solutions
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Segment Trends
  • Hybrid Solutions
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Segment Trends

Market Segmentation, By Feature, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Machine Learning & AI
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Multilingual Support
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Natural Language Processing (NLP)
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Development Platforms
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Patient-Provider Communication
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Vocal Biomarkers
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Aging/Lifestyle Communication
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By End User, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Physicians
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Patients
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Technology Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Feature, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S
      • Canada
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Technology Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Feature, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Europe
    • Market Size and Forecast (US$ Bn), By Technology Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Feature, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • Germany
      • France
      • Russia
      • Italy
      • Rest of Europe
  • Latin America
    • Market Size and Forecast (US$ Bn), By Technology Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Feature, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • Brazil
      • Mexico
      • Rest of Latin America
  • Middle East and Africa
    • Market Size and Forecast (US$ Bn), By Technology Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Feature, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End User, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East and Africa

Competitive Landscape

  • Heat Map Analysis
  • Company Profiles
  • Nuance Communications, Inc.
  • Amazon Web Services (AWS)
  • Google Health
  • Microsoft Corporation
  • IBM Watson Health
  • Apple Inc.
  • Cerner Corporation
  • Meditech
  • Allscripts Healthcare Solutions
  • Philips Healthcare
  • Siemens Healthineers
  • Suki AI
  • VoiceBox Technologies
  • Kandy.io

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

Voice Technology in Healthcare Market was valued at US$ 5.6 Billion in 2024 and is projected to grow at a CAGR of 20.5% to reach US$ 30.5 million by 2034.

Voice Technology in Healthcare Market is segmented into Technology Type, Feature, Application, End User, and Region.

Factors driving the market include growing adoption of AI and NLP in healthcare, increasing need for efficient clinical workflows, and aging population and increasing chronic diseases.

The Voice Technology in Healthcare Market's restraints include privacy and security concerns, and technological limitations and integration challenges.

The Voice Technology in Healthcare Market is segmented by region into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. North America is expected to dominate the Market.

The key players operating the Voice Technology in Healthcare Market include Nuance Communications, Inc., Amazon Web Services (AWS), Google Health, Microsoft Corporation, IBM Watson Health, Apple Inc., Cerner Corporation, Meditech, Allscripts Healthcare Solutions, Philips Healthcare, Siemens Healthineers, Suki AI, VoiceBox Technologies, and Kandy.io.