Voice Prosthesis Devices and Equipment Market Sets Course for Rapid Growth, Projected to Reach $3.03 Billion by 2028 || Acclarent Inc., Karl Storz Gmbh & Co. Kg, Smith & Nephew PLC

Year End Offer By The Business Research Company - Get 33% Discount On Opportunities And Strategies Reports

The Voice Prosthesis Devices and Equipment market has witnessed substantial growth, surging from $1.76 billion in 2023 to an anticipated $1.98 billion in 2024, marking a noteworthy Compound Annual Growth Rate (CAGR) of 12.2%. The voice prosthesis devices and equipment market is poised for continued expansion, with projections indicating a surge to $3.03 billion by 2028, maintaining a robust CAGR of 11.2%.

Driving Forces for Market Surge:

Expanding Larynx Cancer Cases:
The escalating number of larynx cancer cases is set to propel the growth of the Voice Prosthesis Devices and Equipment market. Larynx cancer, necessitating surgical removal of the larynx (total laryngectomy), often leads to the loss of natural voice. Individuals undergoing laryngectomy seek voice restoration options, creating a demand for voice prosthesis devices. With an estimated 12,380 new cases of laryngeal cancer anticipated in 2023, the demand for voice prosthesis devices is expected to witness a significant upswing.

Increase in Geriatric Population:
The rise in the geriatric population is anticipated to contribute significantly to the growth of the Voice Prosthesis Devices and Equipment market. With one in six people expected to be 60 or older by 2030, conditions leading to voice impairment, such as cancer and neurodegenerative diseases, become more prevalent among the elderly. As the aging population expands, the market for voice prosthesis devices is set to experience substantial growth.

Explore the Global Voice Prosthesis Devices And Equipment Market with a Detailed Sample Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2446&type=smp

Key Market Players:
Major companies driving 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.

Technological Advances:

Technological Advances in Voice Prosthesis Devices:
Significant technological advancements have enhanced various properties of voice prosthesis devices, including extended device lifetime, simplified patient maintenance, and comfortable outpatient replacements. Indwelling prostheses, designed with low air resistance and optimal retention in the tracheoesophageal wall, have become a preferred choice, boasting success rates of 40-90% and delivering excellent voice quality.

Innovative Product Expansion:
Market leaders are expanding their product portfolios to cater to a broader customer base, drive sales, and increase revenue. For instance, InHealth Technologies launched the Day and Night HME in August 2022, catering to individuals who underwent total laryngectomy. This single-use Heat and Moisture Exchange (HME) device, compatible with the entire line of InHealth products, provides warmed, filtered, and humidified air day and night, minimizing potential respiratory side effects.

Regional Dominance and Market Segmentation:
In 2023, North America emerged as the largest region in the Voice Prosthesis Devices and Equipment market, with Asia-Pacific securing the second-largest position.

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

Access the Complete Report for In-Depth Analysis:
https://www.thebusinessresearchcompany.com/report/voice-prosthesis-devices-and-equipment-global-market-report

Voice Prosthesis Devices And Equipment Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Voice Prosthesis Devices And Equipment Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on voice prosthesis devices and equipment market size, voice prosthesis devices and equipment market drivers and trends, voice prosthesis devices and equipment market major players, voice prosthesis devices and equipment market competitors' revenues, voice prosthesis devices and equipment market positioning, and voice prosthesis devices and equipment market growth across geographies. The voice prosthesis devices and equipment market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the voice prosthesis devices and equipment market report and tap into segments with the highest growth potential.

Browse Through More Similar Reports By The Business Research Company:
Laryngoscope Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/laryngoscope-global-market-report
ENT Devices Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/ent-devices-global-market-report
Medical Equipment Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/medical-equipment-global-market-report

Contact Information
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info

Check out our:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 6500+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Global Market Model - Market Intelligence Database
The Global Market Model, The Business Research Company's flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess supply-demand gaps.

This release was published on openPR.