Global Voice Prosthesis Devices Market: Overview

The global voice prosthesis devices market is projected to show upward curve of growth during forecast period of 2018 to 2026. This growth can be attributed to increased inclination of various cancer patients from all worldwide locations toward the use of voice prosthesis devices. The study performs the segmentation of the global voice prosthesis devices market on the basis of various key factors including device, valve, end-user, and region.

Key vendors working in the global voice prosthesis devices market are pouring efforts to improve the quality of products they offer. At the same time, majority of enterprises are incorporating various features in their devices to match with the patients’ preferences. Major players in the global voice prosthesis devices market are offering superior quality devices at affordable prices. All these activities connote that the market for voice prosthesis devices will gain stupendous revenues in the upcoming years.

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Indwelling Voice Prosthesis Devices Segment Gains Major Market Share

Based on device, the global voice prosthesis devices market is bifurcated into non-dwelling voice prosthesis devices and indwelling voice prosthesis devices. Of them, indwelling voice prosthesis devices segment gathered lion’s share of the market for voice prosthesis devices in 2017.

The global voice prosthesis devices market is expected to witness upbeat pattern of growth and gather remarkable revenues from the indwelling voice prosthesis devices segment in the upcoming period owing to plethora of reasons. Indwelling voice prosthesis devices are technically less complicated. At the same time, they offer superior voice quality. Owing to all these features, these devices are offering patient satisfaction. As a result, indwelling voice prosthesis devices are gaining traction of majority of end-users. This signifies the remarkable demand avenues for the growth of the global voice prosthesis devices market.

Rising Need for Cancer care Facilities Fuels Market Growth

The American Society of Clinical Oncology (ASCO) states that the neck and head cancers are sixth most common cancer types among all. At the same time, the number of patients dealing with this health condition is increasing significantly in recent years. For instance, the ASCO statistics state that these cancer types accounted for around 4% of total cancer cases in the U.S. in 2017. This situation connote the rising need for cancer care facilities in worldwide locations. As a result, the global voice prosthesis devices market is witnessing striking expansion opportunities. The market for voice prosthesis devices is expected to experience rising demand from various end-users such as ambulatory surgical centers, hospitals, and specialty clinics.

North America Expected to Show Lucrative Growth Avenues

The global voice prosthesis devices market is spread across five key regions, namely, Europe, Asia Pacific, Latin America, North America, and the Middle East and Africa. Of them, North America and Europe were holding major share of the market for voice prosthesis devices in 2017. These regions are expected to continue their dominance in the voice prosthesis devices market during forecast period of 2018 to 2026. This growth is attributed to plethora of reasons. Considerable growth in the amount in health care budgets by governments, increased diagnosis and treatment rate for larynx cancer, and increased reimbursement rates in the region are some of the key factors supporting the growth of the global voice prosthesis devices market.

The global voice prosthesis devices market is expected to gain prodigious avenues for development from Asia Pacific in the upcoming years. Majority of laryngectomy patients from this region are expected to adopt the use of voice prosthesis devices during the forecast period of 2018 to 2026. This factor will work as a key driver for market growth in Asia Pacific. The voice prosthesis devices market is expected to witness increased demand from emerging economies such as Japan and China.

Well-Established Players Execute Diverse Strategies to Lead Market Position

The global voice prosthesis devices market holds tremendous demand avenues in the upcoming period. However, the presence of limited number of vendors represents that the competitive landscape of the market for voice prosthesis devices is comparatively less intense. At the same time, the situation also signifies prominent opportunities for the entry of new players in the global voice prosthesis devices market. Medtech companies of different sizes from all across the world are pouring efforts to gain and maintain their share in the market for voice prosthesis devices.

Majority of players working in the global voice prosthesis devices market are engaged in the merger and acquisition activities. These moves are helping them to strengthen their market position. At the same time, many enterprises active in the global voice prosthesis devices market are focused on advancing their products. For this motive, they are increasing investments in research and development activities and incorporation of innovative ideas. In addition to this, companies engaged in the global voice prosthesis devices market are growing their regional presence by using various strategies such as partnership deals. All these moves signify that the global voice prosthesis devices market will grow at rapid pace during forecast period of 2018 to 2026.

The list of key vendors in the voice prosthesis devices market includes InHealth Technologies, Atos Medical, Servona GmbH, Smiths Medical, and Hood Laboratories.

Global Voice Prosthesis Devices Market: Overview

This report on the global voice prosthesis devices market comprises an elaborate executive summary, including a market snapshot that provides information about various segments of the market. The report also provides information and data analysis of the global market with respect to its segments based on valve, device, end-user, and region. A detailed qualitative analysis of drivers, restraints, and opportunities of the market has been provided in the market overview section. Additionally, the section comprises a competitive matrix and company profiles with business overview to project the competitive landscape of the market. It also provides market attractiveness analysis in terms of geography and market share analysis by key players, thereby presenting a thorough analysis of the overall competitive scenario prevailing in the global voice prosthesis devices market.

Global Voice Prosthesis Devices Market: Key Segments

Based on valve, the global voice prosthesis devices market has been segmented into Blom-Singer valve, Provox valve, and other valves. In terms of device, the market has been classified into indwelling voice prosthesis devices and Non-dwelling   voice prosthesis devices. Based on end-user, the market has been categorized into hospitals & ambulatory surgical centers, specialty clinics, and others. The global voice prosthesis devices market has been analyzed based on increasing regulatory scrutiny, technology trends, expenditure on emerging technologies, and presence of key players in the region. Market size and forecast for each of these segments have been provided for the period of 2016 to 2026, along with their respective CAGRs for the forecast period from 2018 to 2026, considering 2017 as the base year.

Global Voice Prosthesis Devices Market: Regional Outlook

In terms of region, the global voice prosthesis devices market has been categorized into five major regions and key countries in these regions: North America (the U.S., Canada), Europe (the U.K., Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, India, Japan, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (GCC, South Africa, and Rest of Middle East & Africa). Market size and forecast for each of these regions and their key countries have been provided for the period of 2016 to 2026, along with their respective CAGRs for the forecast period 2018-2026, considering 2017 as the base year.

Companies Mentioned in the Report

The report profiles major players operating in the global voice prosthesis devices market in terms of attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Major companies profiled in this report include Atos Medical, InHealth Technologies, Smiths Medical, Servona GmbH, and Hood Laboratories.

The global voice prosthesis devices market has been segmented as follows:

Valve

  • Blom-Singer Valve
  • Provox Valve
  • Other Valves

Device

  • Indwelling Voice Prosthesis Devices
  • Non-dwelling  Voice Prosthesis Devices

End-user

  • Hospitals & Ambulatory Surgical Centers
  • Specialty Clinics
  • Others

Country/Region

 

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe 
  • Asia Pacific
    • China
    • Japan
    • Australia & New Zealand
    • India
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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