The voice prosthesis devices market is witnessing a rise in demand due to the increasing incidence of laryngeal cancer. As the prevalence of this form of cancer grows, there is a corresponding need for voice restoration solutions, driving the adoption of voice prosthesis devices.
Voice prosthesis devices see continuous advancements and changes in their technologies which resultantly lead to the market’s steady increase. All these innovations serve not only to improve the sound quality of using speech therapy means as well as their longevity and, most importantly, patient comfort; however, in the long run, it will contribute to making such prosthetic approaches more effective.
Increased understanding about voice disorders and treatment alternatives is responsible for a rise in the market size of voice prosthesis devices. A wide range of educational programs administered by healthcare organizations and advocacy groups enables patients, as well as professionals in the health care industry to comprehend the advantages associated with utilizing a voice prosthesis technology aimed at restoring communicative abilities.
Investment in the healthcare industry means more resources that will be allocated to the health sector and this is why emerging economies are witnessing increased investments into building new hospitals, so people can have easy access to medical facilities as well as advanced treatment options. This increases the voice prosthesis devices market since there is more accessibility of patients using voice restoration techniques.
The market is directed by alterations in terms of coverage and reimbursement price for voice prosthesis devices. Increased amendment with an emphasis on the best reimbursement policies and also their acceptance by both healthcare suppliers themselves as well as sufferers fuels market development.
Players such as manufacturers of voice prosthesis devices are moving towards a patient-centric approach in which the designing and development is based on needs and choices of end-users. Contractual relationships have now become widespread forms of lying down medical institutions, research organizations and business players. These collaborations foster research and development efforts, leading to the introduction of more advanced and effective voice prosthesis devices.
Voice Prosthesis Devices Market Size was valued at USD 0.84 billion in 2023. The Voice Prosthesis Devices market is projected to grow from USD 0.90 Billion in 2024 to USD 1.37 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.40% during the forecast period (2024 - 2032). Require minimal maintenance, and over 90% of patients have restored their voice are the key market drivers enhancing the market growth.
Source Secondary Research, Primary Research, MRFR Database, and Analyst Review
In August 2022, InHealth Technologies introduced a new device called the Blom-Singer Day & Night HME for patients who had their larynx completely removed. It is a unique single-use heat and moisture exchange (HME) that can be worn during both day and night.
Atos bought Heimomed Heinze GmbH & Co. KG in July 2021, which is a German medical technology firm specializing in high-quality tracheostomy items. Atos has been able to expand its presence in Germany and Austria through this purchase, thereby expanding the market further.
Additionally, InHealth Technologies, a Freudenberg Medical business company announced the commercialization of the Blom-Singer SpeakFree HME Hands-Free Valve in October 2021 that was designed for those who have undergone total laryngectomy. The first-ever talk without closing adjustable valve single use heat moist exchange cartridge is SpeakFree HME cartridge.
Brainovative Labs launched Vani, a smart voice prosthetic device, in April 2022.
According to throat cancer statistics of 2022, Laryngeal carcinoma ranked as the twenty-second most prevalent cancer in the USA (American Cancer Society). Laryngeal cancer accounted for 0.7% of all new cancers diagnosed and 0.6% of all deaths by cancer in the year 2021. Besides this, it is expected that about 12,380 new cases will be diagnosed by 2023, thus leading to an increase in demand for voice prostheses due to rising trends of laryngeal carcinoma diagnosis followed by more laryngectomies.
In July 2022 Australian Journal of Otolaryngology released research findings showing increased number of patients in New South Wales and Victoria who remained on ENT elective surgery waiting lists for a long exceeding their prescribed waiting times after the COVID-19 outbreak had occurred. Nevertheless, as the restrictions were eased off, the market witnessed an upsurge in ENT surgeries that contributed to growth of the market.
In November 2018, the FDA announced the entry of medical devices such as ENT surgical devices into the market, which would go a long way in the production of safer medical devices with better functions and technology, hence remarkable global market growth.
The American Society of Clinical Oncology (ASCO) states that neck and head cancers are the sixth most common cancer types. At the same time, the number of patients dealing with this health condition has been increasing significantly in recent years. For instance, the ASCO statistics state that these cancer types accounted for around 4% of total cancer cases in the U.S. in 2017. This situation connotes the rising need for cancer care facilities in worldwide locations. As a result, the voice prosthesis devices market is witnessing striking expansion opportunities. The market for voice prosthesis devices is expected to experience rising demand from various end-users, such as ambulatory surgical centers, hospitals, and specialty clinics. This factor increases the market CAGR in the forecast period.
Additionally, the indwelling type of Voice prosthesis devices requires minimal maintenance and a higher lifetime. On the other hand, several types of research are carried out in the industry to alter the material type of the devices to make them more suitable for the patient's immune system and research related to the device's size to make it more flexible and customized for the patients. The device does not disturb the air source, and no additional devices are required for breathing. Moreover, over 90% of patients have restored their voices, unlike robotic sound. The advantages of Voice prosthesis devices drive the revenue of the Voice Prosthesis Devices.
Based on product type, the Voice Prosthesis Devices market segmentation includes indwelling and non-dwelling voice prosthesis devices. The indwelling segment dominated the market; it possesses sturdier flanges and offers high voice quality. Since it's less risk-associated, users widely prefer it, increasing the market.
Based on valve type, the Voice Prosthesis Devices market segmentation includes blom-singer, provox, and groningen valves. The provox segment dominated the market; 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.
Based on end users, the Voice Prosthesis Devices market segmentation includes hospitals and clinics. The hospitals segment dominated the market; the financial capabilities of hospitals have allowed them to purchase advanced instruments and acquire trained professionals.
Figure1 Voice Prosthesis Devices Market, by End User,2022&2032(USD billion)
Source Secondary Research, Primary Research, MRFR Database, and Analyst Review
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American voice prosthesis devices area will dominate this market, owing to the presence of developed healthcare infrastructure and favorable reimbursement policies increasing the market share in the Region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2 VOICE PROSTHESIS DEVICES SHARE BY REGION 2022 (%)
Source Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe's Voice Prosthesis Devices market accounts for the second-largest market share due to the growing number of oral, tracheostomy, and laryngeal cancers in the Region. Further, the German Voice Prosthesis Devices market held the largest market share, and the UK Voice Prosthesis Devices market was the fastest-growing market in the European Region.
The Asia-Pacific Voice Prosthesis Devices Marketis expected to grow at the fastest CAGR from 2023 to 2032. This is due to the Region's expanding aging population, the diseases associated with them, rising cases of throat disorders, and the demand for ENT devices. Moreover, China’s Voice Prosthesis Devices market held the largest market share, and the IndianVoice Prosthesis Devices market was the fastest-growing market in the Asia-Pacific region.
Voice Prosthesis Devices Key Market Players& Competitive Insights
Leading market players are investing heavily in research and development to expand their product lines, which will help the voice prosthesis devices market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The voice prosthesis devices industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Voice Prosthesis Devices industry to benefit clients and increase the market sector. In recent years, the Voice Prosthesis Devices industry has offered some of the most significant advantages to medicine. Major players in the Voice Prosthesis Devices market, including Atos Medical, Teleflex Medical Europe Ltd., Johnson & Johnson Services, Inc.Sonova, Andreas Fahl Medizintechnik - Vertrieb GmbH, InHealth Technologies, HEIMOMED Heinze, Smith's Medical, SERVONA GmbH, and others, are attempting to increase market demand by investing in research and development operations.
Freudenberg Medical is a partner for designing, developing, and manufacturing medical devices, components, and minimally invasive product solutions. Freudenberg Medical is part of the Freudenberg Group, a technology group. As an organization, we ensure that every project is supported by our unmatched range of resources, financial stability, and the flexibility to optimize business performance. Freudenberg Medical introduced the ground-breaking SpeakFree HME Valve for Laryngectomy Care in October 2021.
InHealth Technologies, a business unit of Freudenberg Medical, develops, manufactures, and distributes Blom-Singer voice restoration and ENT products worldwide. Dedicated to the voice Endoprosthesis market for over 40 years, the company's hallmark is product design dedicated to patient health, safety, and comfort.InHealth Technologies, a Freudenberg Medical business company, announced the commercial debut of the Blom-Singer Day&Night HME, an innovative device for persons who have had a total laryngectomy. This unique single-use heat and moisture exchange (HME) may be worn all day and all night comfortably, including at bedtime, and is compatible with the complete line of InHealth products.
Key Companies in the voice prosthesis devices market include
Voice Prosthesis Devices Industry Developments
August 2022 InHealth Technologies, a Freudenberg Medical business company, announced the commercial debut of the Blom-Singer Day&Night HME, an innovative device for persons who have had a total laryngectomy. This unique single-use heat and moisture exchange (HME) may be worn all day and all night comfortably, including at bedtime, and is compatible with the complete line of InHealth products.
April 2022 Brainovative Labs launched a device named Vani, which is a smart voice prosthetic device.
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