Voice Prosthesis Devices And Equipment Global Market Report 2024 - By Report, Share, Demand, Outlook By 2033

The voice prosthesis devices and equipment market size has grown rapidly in recent years. It will grow from $1.76 billion in 2023 to $1.98 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The growth in the historic period can be attributed to prevalence of laryngeal cancer, aging population, speech rehabilitation awareness, support from healthcare providers.

The voice prosthesis devices and equipment market size is expected to see rapid growth in the next few years. It will grow to $3.03 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to minimally invasive techniques, emerging markets growth, regulatory support and reimbursement, telehealth and remote speech therapy. Major trends in the forecast period include improved device materials, speech recognition technology, customization and patient-specific solutions, rehabilitation apps and digital tools.

Market Overview -
Voice prosthesis devices and equipment provide the capability to speak for patients who have undergone laryngectomy (removal of the larynx). These devices are placed in the tracheoesophageal puncture, an opening created between the trachea (windpipe) and the esophagus (food pipe) by surgeons.

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Expanding Larynx Cancer Cases Propel Growth In The Voice Prosthesis Devices And Equipment Market
The increasing number of larynx cancers is expected to boost the growth of the voice prosthesis devices and equipment market going forward. Larynx cancer, also known as laryngeal cancer, refers to a type of cancer that develops in the tissues of the larynx, which is commonly referred to as the voice box. Laryngeal cancer often requires surgical removal of the larynx (total laryngectomy) to treat the disease. This surgical procedure results in the loss of the patient's natural voice. Consequently, individuals who undergo laryngectomy may seek voice restoration options, creating a demand for voice prosthesis devices. For instance, in January 2023, according to a report published by the American Cancer Society, a US-based health organization, about 12,380 new cases of laryngeal cancer are anticipated in 2023 (9,900 cases will affect men and 2,480 cases will affect women). Laryngeal cancer will claim the lives of approximately 3,820 persons in 2023 (3,070 men and 750 women). Therefore, the increasing number of larynx cancers is driving the growth of the voice prosthesis devices and equipment market.

Competitive Landscape -
Major companies operating in the voice prosthesis devices and equipment market include Atos Medical AB, Andreas Fahl Medizintechnik - Vertrieb GmbH, Servona GmBH, Acclarent Inc., Karl Storz Gmbh & Co. Kg, Smith & Nephew PLC, InHealth Technologies, HEIMOMED Heinze GmbH & Co. KG, Sonova Holding AG, William Demant Holding A/S, Smiths Medical Inc., ICU Medical Inc., Coloplast A/S, Orbisana Healthcare GmbH, Teleflex Incorporated, Innaumation Medical Devices Private Limited, Hood Laboratories, Caden Companies LLC, Calmoseptine Inc., Ajinomoto Cambrooke Inc., Cara Incorporated, Cardinal Health Inc., Blom-Singer Indwelling Voice Prostheses, CooperSurgical Inc., Cook Medical, Dale Medical Products Inc., Stryker Corporation, Halyard Health, Integra LifeSciences Holdings Corporation, Medtronic plc, Olympus Corporation

Technological Advances In Voice Prosthesis Devices And Equipment
Technological advancements of voice prosthesis devices and equipment have increased various properties of devices including, a lifetime of the device, simple and easy maintenance by patients, and comfortable outpatient replacements. For instance, the Indwelling prostheses are designed to meet the criteria of low air resistance and optimal retention in the tracheoesophageal wall, these prostheses devices and equipment have become the valve of choice with the success rate of 40-90% having very good voice quality.

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Key Segments -
The voice prosthesis devices and equipment market covered in this report is segmented -
1) By Device Type: Indwelling Voice Prosthesis Devices, Non-Indwelling Voice Prosthesis Devices
2) By Product Type: Soft Valve Assembly, Hard Valve Assembly, Other Product Types
3) By Valve Type: Blom-Singer valve, Provox valve, Groningen valve
4) By Material: Silicone Rubber, Silicone, Fluoroplastic, Silver Oxide, Other Materials
5) By End User: Hospitals, Ambulatory Surgical Centers, Clinics

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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