Voice Prosthesis Devices Market Size - By Product (Indwelling & Non-Indwelling Voice Prosthesis), Valve Type (Provox Valve, Blom-Singer Valve, Groningen Valve), End-use (Hospitals, Ambulatory Surgical Centers) – Global Forecast, 2024 – 2032
Report ID: GMI8495
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Published Date: March 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 10
Tables & Figures: 189
Countries covered: 22
Pages: 100
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Voice Prosthesis Devices Market Size
Voice Prosthesis Devices Market was valued at around USD 579 million in 2023 and is projected to witness around 6.7% CAGR from 2024 to 2032, due to the ongoing advancements in medical device, increasing prevalence of laryngeal cancer, rising focus on patient-centric care, an increase in head and neck cancer cases, and the continual growth of healthcare expenditure, among other contributing factors.
Moreover, laryngeal cancer is one of the leading indications for laryngectomy, a surgical procedure involving the partial or total removal of the larynx. As the incidence of laryngeal cancer rises globally due to factors such as tobacco use, alcohol consumption, and human papillomavirus (HPV) infection, the demand for voice prosthesis devices also increases. Voice prosthesis devices play a crucial role in restoring speech function for patients who have undergone laryngectomy, driving market growth.
Furthermore, increasing awareness about voice prosthesis devices among patients, caregivers, and healthcare professionals drives market growth. Education programs, patient advocacy initiatives, and support groups play a crucial role in raising awareness about voice restoration options and encouraging their adoption. Healthcare providers are increasingly recognizing the importance of voice rehabilitation and referring patients for evaluation and treatment with voice prosthesis devices, thereby contributing to the market growth.
Voice Prosthesis Devices Market Trends
The voice prosthesis devices industry is experiencing several notable trends that are shaping its growth and development. Factors such as technological innovation in voice prosthesis devices, growing demand for non-indwelling prostheses, rising emphasis on personalized medicine and patient-centric solutions, and a surging need for minimally invasive surgical instrument & techniques, among other factors are propelling the industry growth.
Voice Prosthesis Devices Market Analysis
Based on product, the market is categorized into indwelling voice prosthesis and non-indwelling voice prosthesis. The indwelling voice prosthesis segment crossed USD 385.1 million revenue in 2023.
Based on valve type, the market is segmented into provox valve, blom-singer valve, and groningen valve. The provox valve segment dominated the voice prosthesis devices market and accounted for over 59.5% market share in 2023 and is anticipated to witness significant growth.
The voice prosthesis devices market by end-use is categorized into hospitals, ambulatory surgical centers, and other end-users. The hospitals segment was reached USD 347.9 million revenue size in 2023.
North America voice prosthesis devices market size exceeded USD 247.2 million in 2023 and is predicted to witness substantial market growth.
Voice Prosthesis Devices Market Share
The voice prosthesis devices industry is competitive in nature, with several large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel advanced products based on different technologies is among a key market strategy.
Voice Prosthesis Devices Market Companies
Some of the eminent participants operating in the voice prosthesis devices industry include:
Voice Prosthesis Devices Industry News
This voice prosthesis devices market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments:
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Market, By Product
Market, By Valve Type
Market, By End-use
The above information is provided for the following regions and countries: