The voice prosthesis market is set to reach US$ 244.3 Mn by 2030 showing linear growth at a compound annual growth rate (CAGR) of 4.9% during the forecast period from 2023 to 2030. As per the latest statistic provided by American Institute for Cancer Research in 2018, there were approximately 750,000 new cases of mouth, pharynx and larynx (MPL) cancers worldwide. The prevalence rate is high in low and middle income countries due to lack of oral sanitation and excessive consumption of alcohol & tobacco resulting in the damage of voice box and loss of speech.

"Early leakage detection, low device maintenance and low speaking effort drive the Provox valves market growth"

Provox valves are reigning the valve type segment for voce prosthesis market. The inherent features of provox valves such as ability to detect early leakage around the valve, low device maintenance and low speaking effort are responsible for its outstanding market growth. Provox HMEs are capable in reducing mucus production and coughing by filtering and heating the air we breathe. Blom-Singer valve will capture the market in the near future owing to its popularity as the international standard for voice restoration worldwide. It is highly recommended for patients showing resistance or unable to remove voice prosthesis device.

"Provision of high voice quality and excellent patient satisfaction is responsible for the indwelling devices market growth"

In the present scenario indwelling devices are leading the device segment for voice prosthesis market. The key attributes responsible for its superlative growth are provision of high voice quality and excellent patient satisfaction. Indwelling devices possess sturdier flanges and only a medical professional can replace it. The advantages associated with indwelling devices are less risk associated with its insertion and longer product lifespan. Non-dwelling devices have gained a lot of attention lately owing to its inherent features such as self-replacement and low maintenance associated with the device. 

"Rising prevalence of larynx cancer and affordable reimbursement scenario for voice prosthesis devices drive the market growth in North America"

North America is currently holding the largest market share of 40% in the regional segment for voice prosthesis market. The major factors responsible for its growth are rising prevalence of larynx cancer and affordable reimbursement scenario for voice prosthesis devices in North America region. Domicile of key players such as Atos Medical, InHealth Technologies, Smiths Medical, Inc. etc. further propel the market growth in North America. Europe represents 31% market share owing to supportive regulatory environment provided by European Medical Agency (EMA) for voice prosthesis devices and increasing funds provided by medical device companies in the research and development department for the development of voice prosthesis devices. Asia Pacific holds 17% market share on account of increasing number of patients suffering with larynx disorders due to high consumption of tobacco and alcohol. Emergence of local players such as Innaumation Medical Devices which are diligently working in developing voice prosthesis devices for prices as low as 1 dollar.

Companies manufacturing voice prosthesis devices are Andreas Fahl Medizintechnik-Vertrieb GmbH, Atos Medical, InHealth Technologies, Innaumation Medical Devices, Johnson & Johnson Services, Inc., Hood Laboratories, Sonova, SERVONA GmbH, Smiths Medical, Inc. and Teleflex Medical Europe Ltd.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Voice Prosthesis market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Voice Prosthesis market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Voice Prosthesis market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Voice Prosthesis market?
• Which is the largest regional market for Voice Prosthesis market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Voice Prosthesis market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Voice Prosthesis market worldwide?