Voice Prosthesis Devices Market Insights:
Voice Prosthesis Devices market was valued at USD 1.2 Billion in 2021, registering a CAGR of 6.1% during the forecast period (2022-2030), and the market is projected to be worth USD 2.04 Billion by 2030. The growing incidences of larynx cancer are the major driver of the voice prosthesis devices market. Larynx cancer disease is a fatal condition in which a tissue of cancer cells is formed in the larynx that causes ear pain and sore throat. For instance, in 2020, World Health Organization reported that over 99840 deaths were caused due to larynx cancer. Thus, the globally increased prevalence of cases of larynx cancer is expected to support the demand for voice prosthesis devices owing to the rising demand for laryngectomy as the surgical intervention for the removal of the compromised larynx from patients.
Furthermore, the growing investments in technological advancements of voice prosthesis devices are estimated to witness substantial growth in the forecast period due to the increased demand for surgical interventions such as laryngectomy. For instance, in October 2021, one of the leading U.S. based firms named Freudenberg Medical launched a device called Breakthrough SpeakFree HME Valve for increased laryngectomy care through the hands-free, single-use disposable device at a lower price. This supports the growing utilization of voice prosthesis devices post-laryngectomy. Additionally, in 2021, North America contributed the largest revenue share to the global voice prosthesis devices market. The factors such as the large presence of leading market players, the high purchasing power of people, and increased awareness of voice prostheses for voice rehabilitation purposes support the market growth in North America. Thus, the above-mentioned factors are anticipated to contribute to the growth of the voice prosthesis devices market during the projected period.
Voice Prosthesis Devices Market Dynamics:
A Voice prosthesis device is the instrument utilized in the combination with voice therapy which provides the ability to speak to laryngectomized patients or individuals whose larynx is surgically removed. The device is made up of silicon, which helps in the generation of good voice quality and easy device maintenance. The patients who underwent the voice prosthesis installation procedure are also able to speak with less effort.
Driver:
The factors such as rising cases of laryngeal and hypopharyngeal cancers especially among the adult population combined with increased awareness of surgical interventions for such diseases fuel the growth of the voice prosthesis devices market. Additionally, the increased availability of voice prostheses in terms of reduced leakage problems and hygiene concerns are the factors that drive the growth of the voice prosthesis devices market.
Restraint:
The high cost of prosthesis devices and the lack of long-term alternative devices are the major factors that obstruct the growth of the voice prosthesis devices market. Furthermore, the problems such as leakage, uncomfortable design structure of the device, and expensive procedures restrict the market growth during the forecast period.
COVID-19 Analysis of Voice Prosthesis Devices Market:
The voice prosthesis devices market has been significantly impacted due to the COVID-19 pandemic in many different parts of the world. The factors such as poor slow medical device manufacturing rate, supply chain, postponed elective surgeries, and economic slowdown is the major impacts of COVID-19 that obstructed the growth of the voice prosthesis devices market. As voice prosthesis devices are often used in elective surgeries like laryngectomy, cordectomy, and other exploratory surgeries, the postponement of such surgeries resulted in the decline of the voice prosthesis devices market. As a result, it is determined that COVID-19’s overall impact on the voice prosthesis devices market is moderate. Post covid-19 there was a positive impact on the voice prosthesis devices market as the increased use of disposable voice prosthesis devices contributed the largest share to the market growth.
Voice Prosthesis Devices Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2016-2030 |
| Market Size in 2030 (USD Billion) | 2.04 Billion |
| CAGR (2022-2030) | 6.1% |
| By Product Type | Non-Dwelling Voice Prosthesis Devices and In-Dwelling Voice Prosthesis Devices |
| By Valve Type | Blom-Singer valve, Provox valve, Groningen valve |
| By End-Use | Hospitals, Ambulatory Surgical Centers, Clinics |
| By Geography | North America– (U.S., Canada, Mexico)
Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe) Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific) Latin America- (Brazil, Argentina, Chile, Rest of Latin America) Middle East and Africa- (GCC, Turkey, Israel, and the Rest of MEA) |
| Key Players | Atos Medical, InHealth Technologies, Smith’s Medical, Teleflex Medical Europe Ltd., Johnson & Johnson Services Inc. Sonova, Andreas Fahl Medizintechnik – Vertrieb GmbH, HEIMOMED Heinze, ICU Medical Inc. |
Voice Prosthesis Devices Market Segment Analysis:
By Product Type
The product type segment is bifurcated into the in-dwelling voice prosthesis devices and the non-dwelling voice prosthesis devices. The in-dwelling voice prosthesis devices segment is projected to contribute the largest revenue share to the voice prosthesis devices market owing to the increased use of in-dwelling voice prostheses for laryngectomized adults. The factors such as easy maintenance in terms of outpatient replacements, precise retention in the tracheoesophageal wall, and growing acceptance of speech rehabilitation in patients diagnosed with hypopharyngeal and laryngeal cancer are anticipated to support the growth of the in-dwelling voice prosthesis devices segment. Additionally, the non-dwelling voice prosthesis devices segment is also expected to witness significant growth in 2021 owing to the factors such as reduced airflow resistance, easy removal and hygiene maintenance of the prosthesis, and reduced rate of punctures.
By Valve Type
The valve type segment is divided into the Blom-Singer valve, Provox valve, and Groningen valve. In 2021, the Provox valve contributed the largest share of the voice prosthesis devices market. The factors such as robust and durable design structure, easy insertion combined with customized devices, and protection against debris build-up are anticipated to support the growth of Provox valve segments during the forecast period. Further, the Blom-Singer valve segment is also estimated to witness significant growth during the projected period. The factors such as reduced risks of leakage around the prosthesis, incorporation of anti-fungal additives like silver oxide, and reduced biofilm formation on the valve are estimated to support the growth of the Blom-Singer valve segment during the forecast period.
By End-Use
The end-user segment is separated into hospitals, ambulatory surgical centers, and clinics. The hospital segment is estimated to contribute the largest share to the growth of the voice prosthesis devices market. The factors such as the large availability of skilled medical professionals, increased patient visits for voice-related problems, and access to advanced medical tools and instruments for multiple surgical interventions like laryngectomy and tracheotomy are anticipated to boost the growth of the hospital segment. Additionally, in 2021, the clinics segment also witnessed substantial growth owing to the surge in the rising number of patients’ visits for treatment, growing expenditure on health facilities, and augmented advancements in medical devices.
By Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, North America had the largest revenue share contribution to the voice prosthesis devices market owing to the growing incidences of tracheostomy and laryngeal cancers. The factors such as increased expenditure on research and development studies for manufacturing reliable alternatives to existing voice prostheses, the large presence of key market players, and the huge availability of skilled surgeons in advanced medical facilities are estimated to contribute to the augmented growth of the North American region.
The Asia Pacific is also projected to contribute the largest market share to the voice prosthesis devices market. India in the Asia Pacific is anticipated to witness substantial market growth during the forecast period. The growing demand for voice prosthesis devices for increasing surgical interventions like laryngectomy and others, the presence of a large patient pool, and increased expenditure on innovative surgical facilities fuel the voice prosthesis devices market growth in the Asia Pacific region, especially in India.
Voice Prosthesis Devices Market Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), product innovation, various business strategies, and Application launches have accelerated the growth of the Sample Preparation market. Key players in the market include-
- Atos Medical
- InHealth Technologies
- Smith’s Medical
- Teleflex Medical Europe Ltd.
- Johnson & Johnson Services Inc. Sonova
- Andreas Fahl Medizintechnik – Vertrieb GmbH
- HEIMOMED Heinze
- ICU Medical Inc.
Table of Content
- Introduction
- Market Introduction
- Market Research Methodology
- Research Process
- Primary Research
- Secondary Research
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Limitations of the Study
- Product Picture of Voice Prosthesis Devices
- Global Voice Prosthesis Devices Market: Classification
- Geographic Scope
- Years Considered for the Study
- Research Methodology in brief
- Parent Market Overview
- Overall Voice Prosthesis Devices Market Regional Demand
- Research Programs/Design
- Market Breakdown and Data Triangulation Approach
- Data Source
- Secondary Sources
- Primary Sources
- Primary Interviews
- Average primary breakdown ratio
- Market Dynamics
- Drivers
- Drivers
- Restraints
- Restraints
- Opportunity
- Impact forces on market dynamics
- Impact forces during the forecast years
- Industry Value Chain
- Upstream analysis
- Downstream analysis
- Distribution Channel
- Direct Channel
- Indirect Channel
- Potential Customers
- Manufacturing/Operational Cost Analysis
- Pricing Analysis by Region
- Key Technology Landscape
- Regulatory Analysis
- Porter’s Analysis
- Supplier Power
- Buyer Power
- Substitution Threat
- Threat from New Entry
- Competitive Rivalry
- PESTEL Analysis
- Political Factors
- Economic Factor
- Social Factors
- Technological Factor
- Environmental Factors
- Legal Factor
- Covid-19 impact on Global Economy
- Covid-19 impact on Voice Prosthesis Devices demand
- Post-Covid Impact on Voice Prosthesis Devices Market Demand
- Impact Analysis of the Russia-Ukraine Conflict
- Drivers
- Global Voice Prosthesis Devices Market Segmentation Revenue (USD Billion), (2022-2030)
- By Product Type
- Non-Dwelling Voice Prosthesis Devices
- In-Dwelling Voice Prosthesis Devices
- By Valve Type
- Blom-Singer valve
- Provox valve
- Groningen valve
- By End-use
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- By Product Type
- Global Voice Prosthesis Devices Market Overview, By Region
- North America Voice Prosthesis Devices Market Revenue (USD Billion), by Countries, (2022-2030)
- US
- By Product Type
- By Valve Type
- By End Use
- Canada
- Mexico
- US
- Europe Voice Prosthesis Devices Market Revenue (USD Billion), by Countries, (2022-2030)
- France
- UK
- Spain
- Russia
- Italy
- BENELUX
- Asia Pacific Voice Prosthesis Devices Market Revenue (USD Billion), by Countries, (2022-2030)
- China
- Japan
- Australia
- South Korea
- India
- ASEAN
- North America Voice Prosthesis Devices Market Revenue (USD Billion), by Countries, (2022-2030)
- Latin America Voice Prosthesis Devices Market Revenue (USD Billion), by Countries, (2022-2030)
- Brazil
- Argentina
- Chile
- Middle East and Africa Voice Prosthesis Devices Market Revenue (USD Billion), by Countries, (2022-2030)
- GCC
- Turkey
- South Africa
- Global Voice Prosthesis Devices Market Revenue: Competitive Analysis, 2021
- Key strategies by players
- Revenue (USD Billion and %), By manufacturers, 2021
- Player Positioning by Market Players, 2021
- Competitive Analysis
- Atos Medical
- Business Overview
- Business Financials (USD Billion)
- Product Category, Type, and Specification
- Main Business/Business Overview
- Geographical Analysis
- Recent Development
- Swot Analysis
- InHealth Technologies
- Smith’s Medical
- Teleflex Medical Europe Ltd.
- Johnson & Johnson Services Inc. Sonova
- Andreas Fahl Medizintechnik - Vertrieb GmbH
- HEIMOMED Heinze
- ICU Medical Inc.
- Atos Medical
- Market Research Findings & Conclusion
Disclaimer
Research Methodology
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