Market Research Future (MRFR), the global voice prosthesis devices market is estimated to witness significant growth by 2023. In its recently published analysis, MRFR also asserts that the market would register a CAGR of approximately 5.6% throughout the review period (2018 – 2023). Rising cases of throat cancer and laryngeal cancer act as a major tailwind for the growth of the market.
The global voice prosthesis devices market is a rapidly evolving market. Factors such as the massive advancements in medical technologies and increasing numbers of laryngectomy procedures are driving the growth of the market, majorly. Additionally, technological advances are accelerating the market growth on a global level, by improving functionalities of voice prosthesis devices and enabling them to garner significant market prominence.
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Besides, rising prevalence of stroke, multiple sclerosis & amyotrophic lateral sclerosis, traumatic brain injury, and neurodegenerative diseases such as Parkinson’s disease majorly foster the market growth, often resulting in an irreversible loss of the ability to speak.
The rapidly improving global economy plays a major role in impacting market growth positively. Also, the growing number of geriatric populations is furthering the market size globally. Simultaneously, the market growth is led by the increasing numbers of severe accidents and injuries that cause traumatic effects on the brain, leading to the loss of speech.
Competitive Analysis
Highly competitive, the voice prosthesis devices market appears to be fragmented due to the presence of many well-established players. To gain a substantial share in the market, matured players incorporate strategic initiatives such as mergers & acquisitions, Expansion, brand reinforcement, and innovation/ Product & technology launch.
Players leading the voice prosthesis devices market include Teleflex Medical Europe Ltd., Atos Medical, Johnson & Johnson Services, Inc., Andreas Fahl Medizintechnik – Vertrieb GmbH, Sonova, InHealth Technologies, Smiths Medical, HEIMOMED Heinze, and SERVONA GmbH, among others.
Market Segments
The market is segmented into four dynamics to widen the scope of understanding,
By Product Type : Indwelling Voice Prosthesis Devices and Non-Dwelling Voice Prosthesis Devices.
By Valve Type : Provox valve, Blom-Singer valve, Groningen valve, and others.
By End-user : Hospitals, Clinics, Diagnostic Centers, Ambulatory Surgical Centers, Research & Academic Institutes, and others.
By Regions : Europe, North America, APAC, and the Rest-of-the-World (RoW).
LIST OF TABLES
Table 1 Global Voice Prosthesis Devices Market Synopsis, 2018–2023
Table 2 Global Voice Prosthesis Devices Market Estimates and Forecast, 2018–2023 (USD Million)
Table 3 Global Voice Prosthesis Devices Market, by Region, 2018–2023 (USD Million)
Table 4 Global Voice Prosthesis Devices Market, by Product Type, 2018–2023 (USD Million)
Table 5 Global Voice Prosthesis Devices Market, by Valve Type, 2018–2023 (USD Million)
Table 6 Global Voice Prosthesis Devices Market, End User, 2018–2023 (USD Million)
…To be Continued.
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Industry/ Innovation/ Related News:
September 18, 2019 — UCSF Medical Center (the US), a research and teaching hospital of the University of California, San Francisco Medical Center, announced the development of a new technology that can generate natural-sounding synthetic speech by using brain activity to control a virtual vocal tract. The synthetic speech generated from brain recordings is a stepping stone to a neural speech prosthesis, state the researchers.
A futuristic brain-machine interface created by UCSF neuroscientists can generate natural-sounding synthetic speech by using brain activity to control a virtual vocal tract (an anatomically detailed computer simulation including the lips, jaw, tongue, and larynx).
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