Speech Aid Devices Market Size by Segments, Share, Regulatory, Reimbursement, Procedures and Forecast to 2033
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Speech Aid Devices Market Report Overview
The speech aid devices market size was valued at $12.9 million in 2023. The speech aid devices market will grow at a CAGR of more than 3% from 2023 to 2033. The speech aid device market is expected to grow at a relatively low rate. The growing incidence of laryngeal cancer will accelerate the speech aid device market’s growth. Furthermore, an increase in the geriatric population that is a primary end-user of assistive communication devices will drive the speech aid device market growth.
Speech Aid Devices Market Outlook 2023-2033 ($ Million)
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The speech aid devices market research report explains the market behavior, which will help identify quantitative market trends within ENT devices therapeutic areas. The report has extensively covered regional-wise quantitative data, highlighting the number of speech aid devices across labs, which will help in identifying untapped market opportunities. The speech aid devices market model also discusses the detailed impact of COVID-19 on the speech aid devices market for 2020 and beyond.
Market Size (2023) | $12.9 million |
CAGR (2023-2033) | >3% |
Historic Period | 2015-2023 |
Forecast Period | 2023-2033 |
Key Segments |
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Key Regions |
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Key Companies |
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Speech Aid Devices Market Dynamics
The rise in concomitant tobacco smoking, alcohol consumption, and cigarette smoking are the key factors mostly causing laryngeal cancer. Furthermore, with the rising instances of alcohol consumption in the US and European countries, the number of laryngeal cancer cases will also rise. Therefore, the demand for speech aid devices will also increase. In addition, emerging markets such as Mexico, Brazil, and India will experience rapid growth once their government improves economic infrastructure such that patients will be able to afford the costly surgeries.
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Speech Aid Devices Market Segments
The key segments in the speech aid devices market are electrolarynx and voice prosthesis. In 2023, the voice prosthesis segment dominated the market share. The segment will continue to dominate the market share throughout the projected period.
Speech Aid Devices Market Analysis by Segments, 2023 (%)
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Speech Aid Devices Market Segmentation by Regions
The key regions in the speech aid devices market are Asia-Pacific, Europe, the Middle East and Africa, North America, and South and Central America. In 2023, Europe was the largest market for speech air devices. The European market displays diverse buying behavior across its countries. This is due to the vastly different economic conditions of the EU countries. In most of the European hospitals, photodynamic therapy will be used to treat laryngeal cancer. This results in differences between electrolarynx-to-voice prosthesis treatment ratios and the percentage of patients undergoing treatment.
Speech Aid Devices Market Analysis by Regions, 2023 (%)
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Speech Aid Devices Market – Competitive Landscape
The key companies in the speech aid devices market are Atos Medical AB, InHealth Technologies, Servona GmbH, Hood Laboratories, and Nu-Vois LLC among others. In 2023, Atos Medical AB accounted for the highest speech aid devices market share and value.
Speech Aid Devices Market Analysis by Companies, 2023 (%)
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Segments Covered in this Report
Speech Aid Devices Segment Outlook ($ Million, 2015-2033)
- Electrolarynx
- Voice Prosthesis
Speech Aid Devices Regional Outlook ($ Million, 2015-2033)
- Asia-Pacific
- Europe
- Middle East and Africa
- North America
- South and Central America
Key Inclusions of the market model are –
Currently marketed speech aid devices market and evolving competitive landscape:
- Insightful review of the key industry trends.
- Annualized total speech aid devices market revenue by segment and market outlooks from 2015-2033.
- Market-level data on units, average selling prices, and market values.
Global, Regional and Country level market specific insights:
- Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the Speech aid devices market.
- Competitive dynamics insights and trends provided for the speech aid devices market.
Thoroughly understand the market by getting the veritable big picture including an overview of the healthcare system. In addition, the Market Access segment allows you to delve deeper into market dynamics with information on reimbursement policies and the regulatory landscape.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, real-world data sources are leveraged to determine market trends; these include government procedure databases, hospital purchasing databases, and proprietary online databases.
Companies covered: Coloplast A/S, Freudenberg & Co KG, Servona GmbH, Hood Laboratories, Nu-Vois LLC, and Others.
Countries covered – United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina, and Chile.
Scope
This Market Model gives important, expert insight you won’t find in any other source. The model illustrates qualitative and quantitative trends within the specified market. This model has essential actionable insights for the following key stakeholders:
- CMO executives who must have a deep understanding of the speech aid devices marketplace to make strategic planning and investment decisions.
- Sourcing and procurement executives must understand crucial components of the supply base to make decisions about supplier selection and management.
- Private equity investors that need a deeper understanding of the market to identify and value potential investment targets.
Reasons to Buy
- Understand the impact of COVID-19 on speech aid devices.
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving speech aid devices.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the speech aid devices market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company’s share of market leaders.
- Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
- Track device sales in the global and country-specific speech aid devices market from 2015-2033.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.
InHealth Technologies
Servona GmbH
Hood Laboratories
Nu-Vois LLC
Others
Frequently asked questions
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What was the speech aid devices market size in 2023?
The speech aid devices market size was $12.9 million in 2023.
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What will be the CAGR of the speech aid devices market during 2023-2033?
The speech aid devices will grow at a CAGR of more than 3% during 2023-2033.
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Which was the leading segment in the speech aid devices market in 2023?
Voice prosthesis segment was leading the speech aid devices market in 2023.
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Which region held the largest share of the speech aid devices market in 2023?
Europe was the largest regional market for speech aid devices in 2023.
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Which are the leading players in the speech aid devices market?
The key companies in the speech aid devices market are Atos Medical AB, InHealth Technologies, Servona GmbH, Hood Laboratories, Nu-Vois LLC, and Others.
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