Global Voice Prosthesis Devices Market is valued approximately at USD XXX million in 2019 and is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2020-2026. A voice prosthesis device is a type of artificial device made of a biocompatible material (such as silicon), which is used in concurrence with voice therapy to help laryngectomized patients to communicate. These devices are placed in the tracheoesophageal puncture. These devices are groundbreaking product for the patients who are experiencing voice problem. Now a days, the surgery process has become advanced that creates less complications for fixing the voice prosthesis device inside the patient. The suitability of these devices is also superior with less immunological complexities. Further, the most concerned patients belong to the age group of 35 to 55 years, owing to excessive consumption of alcohol and other carcinogens. The outbreak of COVID-19 around the world prompting the shutdown of much of civilized life, which results that MedTech companies are largely insulated from economic disruptions due to steady demand for medical device products and procedures are great affecting thereby, the demand for voice prosthesis devices is substantially decline in the hard time of COVID-19 crisis . Rising cases of laryngeal cancer and voice problem, favorable reimbursement policies, presence of a large target patient population and growing patient awareness about the benefits of voice prosthesis devices are the few factors responsible for high CAGR of the market over the forecast period. For instance, according to the National Cancer Institute, over 13,150 new cases of laryngeal cancer were registered in 2018, which is almost 0.8% of all new cancer cases. Similarly, as per the National Institute on Deafness and Other Communication Disorders (NIDCD), more than 7.5 million people in U.S are suffering from voice problem in 2016. This, in turn, is expected to accelerate the demand of Voice Prosthesis Devices around the world. However, high procurement and maintenance cost and complications associated with voice these devices are some other factor limiting the market growth over the forecast period of 2020-2026.
The regional analysis of global Voice Prosthesis Devices market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to increased prevalence of voice disorders, along with the rising healthcare expenditure and availability of advanced healthcare infrastructure in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026, due to the increasing prevalence of voice-related disorder, coupled with rising consumption of alcohol & tobacco in the countries such as China and India.
Major market player included in this report are:
Teleflex Medical Europe Ltd.
Johnson & Johnson Services, Inc.
Andreas Fahl Medizintechnik - Vertrieb GmbH
Smiths Medical, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Non-dwelling Voice Prosthesis Devices
In-dwelling Voice Prosthesis Devices
By Valve Type:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026
Target Audience of the Global Voice Prosthesis Devices Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers