The voice prosthesis devices market is expected to reach over USD 180 million by 2027

 

The market for voice prosthesis devices is expected to reach over USD 180 million by 2027, with a CAGR of over 4.7 percent from 2020 to 2027.


The most important reason driving the growth of the voice prosthesis devices market is the rising number of occurrences of laryngeal cancer. Approximately 13,000 instances of laryngeal cancer were reported in 2018, according to the National Cancer Institute. The Voice Prosthesis Device Market is predicted to grow as the prevalence of throat cancer and laryngeal cancer rises. The industry is also growing due to technological advances and the presence of vast patient pools. Favorable reimbursement policies, combined with increased patient awareness, are projected to propel the industry forward.

The Voice Prosthesis Device Market is divided into valves, devices, end-users, and regions. The provox valve category is predicted to increase significantly in the next years. Blom-Singer valves are predicted to expand in popularity in the coming years due to their widespread use in voice restoration. Patients who are unable to eject their voice prosthesis device should choose Blom-Singer.

Indwelling devices are now leading the industry in terms of growth. It has thicker flanges and a superior voice quality. Users prefer it because it carries less risk, resulting in the market expanding. Non-dwelling devices are projected to rise in popularity due to their cheap maintenance and self-replacement capabilities.

Hospitals and ambulatory signals are likely to dominate the market's growth in terms of end-users. Hospitals have been able to purchase advanced instruments and hire qualified personnel due to their financial capacity.

North America is the market's front-runner in terms of geography. The region's market share is growing thanks to well-developed healthcare infrastructure and advantageous reimbursement regulations. The rising prevalence of laryngeal cancer is predicted to boost the region's market. Because of the backing for vocal prosthesis devices , Europe is likewise likely to make significant progress.. The industry in the region is likely to grow as major companies increase their investments in research and development.

Prominent players of the market are:

Servona GmbH, Atos Medical, Hood Laboratories, InHealth Technologies, Teleflex Medical Europe Ltd., Sonova, Acclarent, Inc and Smiths Medical, Andreas Fahl Medizintechnik Vertrieb GmbH, Heimomed Heinze GmbH.

Competitive Landscape:

  • Healthcare Enterprises presented a cheap voice prosthesis device for persons suffering from throat cancer in 2018. Atos Medical expanded its market position by acquiring Heimomed Heinze GmbH & Co. KG in 2018. The device, according to the organisation, was the first of its kind in India.

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