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Global Voice Prosthesis Devices Market Size By Device Type (Indwelling, Non-Dwelling), By Valve Type (Groningen Valve, Provox Valve, Blom-Singer Valve), By End-User (Hospitals, Ambulatory Surgical Centers), By Geographic Scope And Forecast


Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Voice Prosthesis Devices Market Size By Device Type (Indwelling, Non-Dwelling), By Valve Type (Groningen Valve, Provox Valve, Blom-Singer Valve), By End-User (Hospitals, Ambulatory Surgical Centers), By Geographic Scope And Forecast

Voice Prosthesis Devices Market Size And Forecast

Voice Prosthesis Devices Market size was valued at USD 0.65 Billion in 2024 and is projected to reach USD 1.44 Billion by 2031, growing at a CAGR of 10.4% from 2024 to 2031.

The proportion of people living such a lifestyle is increasing which is increasing the number of people getting larynx cancer and hence the number of patients that undergo laryngectomy is on the rise which is propelling the demand for voice prosthesis devices. The Global Voice Prosthesis Devices Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Voice Prosthesis Devices Market Definition

Voice Prosthesis Device is a medical instrument that is used to assist patients suffering from laryngectomy to speak. Laryngectomy is a medical process in which the larynx is removed completely or partially. It is mainly performed in the case of larynx cancer when cancer has progressed even with the medications. Voice prosthesis devices are made up of medical-grade silicone and are placed between the oesophagus and windpipe while performing laryngectomy or during secondary puncture. These are inserted by placing them through the mouth and throat using guidewire or direct placement through a tracheostomy. Voice prosthesis devices consist of two typesindwelling and non-dwelling. The indwelling devices are replaced by a medical professional, while the non-dwelling devices by the patient itself.

The voice prosthesis devices and equipment market consist of sales of voice prosthesis devices, equipment and related services by entities that produce voice prosthesis devices and equipment. Voice prosthesis devices are artificial devices that provide the capability to speak in patients who have undergone laryngectomy (removal of the larynx), the equipment involved in the consumables are used in the introduction, and the maintenance of the devices like placement surgical kit, adhesive plates, brush and flush cleaning equipment that allows voice prosthesis to remain in the tracheoesophageal passage while routine cleaning is performed.

Tracheoesophageal is a condition in which the oesophagus and trachea have an abnormal connection which prohibits voice generation, tracheoesophageal disease is caused in newborn babies due to copious salivation connected to coughing, vomiting, and other conditions. The tracheoesophageal can be treated by surgery and cause dysphagia, gastroesophageal reflux problems, tracheomalacia and other problems. Voice prosthesis device is placed inside the wall of the trachea and oesophagus, which is separate by surgery. The voice prosthesis device is an innovative product for patients who are suffering from voice problems. The surgery process is advanced that may create very few problems for fixing the voice prosthesis device inside the patient.

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Global Voice Prosthesis Devices Market Overview

According to the American Institute of Cancer Research, Larynx cancers are increasing in prevalence and rank 21st among the most common cancers worldwide. The factors that are attributed to larynx cancer involve high alcohol consumption, weak immune system, exposure to toxins like asbestos, poor nutrition. The people who are at high risk with the maximum possibility of larynx cancer involve people with sedentary lifestyles observed in urban areas such as smoking, alcohol, consumption of processed foods, the deficient proportion of fruits and vegetables in the diet.

The proportion of people living such a lifestyle is increasing, which is increasing the number of people getting larynx cancer and hence the number of patients that undergo laryngectomy is on the rise and is propelling the demand for voice prosthesis devices. Moreover, larynx cancer is usually developed over years, and hence it is not seen in young people but is common in ageing populations. There is a rise in the geriatric population, which is leading to increased patients requiring voice prosthesis devices. Factors like favourable reimbursement increased awareness among patients and rising adoption of technological developments in the healthcare industry is propelling the Voice Prosthesis Devices Market growth.

Although, the process of laryngectomy itself has certain complications which can result in anaemia, wound infection, bleeding. Due to this, some people might be reluctant to conduct the process, which in turn dampens the demand for voice prosthesis devices and hinders the Voice Prosthesis Devices Market growth. Various research is going on the material type that is used for developing voice prosthesis devices and shows less immunological rejection inside the patient body. The voice prosthesis device size is getting customized to show that the device fits easily and inpatients can work more effectively. The high costs of voice prosthesis devices along with the surgery cost and lack of acceptance of the product hinder the market growth.

Global Voice Prosthesis Devices Market Segmentation Analysis

The Global Voice Prosthesis Devices Market is Segmented on the basis of Device Type, Valve Type, End-User, And Geography.

Voice Prosthesis Devices Market, By Device Type

  • Indwelling
  • Non-Dwelling

Based on Device Type, the market is segmented into Indwelling and Non-Dwelling. Indwelling devices currently dominate the growth of the market. It possesses sturdier flanges and offers high voice quality. Since its less risk associated, users widely prefer as a result proliferating the market.

Voice Prosthesis Devices Market, By Valve Type

  • Groningen Valve
  • Provox Valve
  • Blom-Singer Valve

Based on Valve Type, the market is segmented into Groningen Valve, Provox Valve, and Blom-Singer Valve. The provox valve segment is expected to show notable growth. Blom-Singer valve is also expected to grow during the forecast years due to its wide preference for voice restoration.

Voice Prosthesis Devices Market, By End-User

  • Hospitals
  • Ambulatory Surgical Centers
  • Others

Based on End-User, the market is segmented into Hospitals, Ambulatory Surgical Centers, and Others. Hospitals and ambulatory signals are expected to dominate the growth of the market. The financial capabilities of hospitals have allowed them to purchase advanced instruments and acquire trained professionals.

Voice Prosthesis Devices Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of The World

On the basis of Geography, the Global Voice Prosthesis Devices Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America is the front-runner of the market. The presence of developed healthcare infrastructure alongside favourable reimbursement policies are increasing the market share in the region.

Key Players

The “Global Voice Prosthesis Devices Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Andreas Fahl Medizintechnik Vertrieb GmbH, InHealth Technologies, Teleflex Incorporated, Smiths Medica Inc., Servona GmbH, Atos Medical AB, Hood Laboratories, HEIMOMED Heinze GmbH & Co. KG, Acclarent, Inc, Sonova Holding AG.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

  • November 2018As announced by FDA, medical devices including ENT surgical devices entered the market aiming at the manufacture of more efficient medical devices with enhanced safety, efficiencies, and technology in medical devices and thus, contributes to its outstanding market growth globally.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Andreas Fahl Medizintechnik Vertrieb GmbH, InHealth Technologies, Teleflex Incorporated, Smiths Medica Inc., Servona GmbH, Atos Medical AB.

SEGMENTS COVERED

By Device Type, By Valve Type, By End-User, And By Geography

CUSTOMIZATION SCOPE

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Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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Table of Content

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