VoiceProsthesis Device Market, by Device (Non-Dwelling and Indwelling), by EndUser (Hospitals, Clinics, and Others), and by Region (North America, LatinAmerica, Europe, Middle East, Asia Pacific, and Africa) - Size, Share, Outlook,and Opportunity Analysis, 2019 - 2027
Voice prosthesis device is usedin the conjunction with voice therapy to help laryngectomized patients tospeak, whose larynx is surgically removed. This device is made up of silicon,and it provides patient with good voice quality, easy device maintenance.Patients who have had voice prosthesis installation procedure done do not needto exert much effort while speaking. On the other hand, it allows pulmonary airto pass into esophagus and pharynx, and prevents the content (food) from food pipesuch as saliva to enter the trachea. There are basically two ways to insert thevoice prosthesis with the help of the guide wire, one is through the throat andother through the mouth. There are several manufactures that are operating inglobal voice prosthesis device market. For instance, Atos Medical offers Provoxvoice prosthesis for patients, whose larynx are surgically removed.
Global Voice Prosthesis DevicesMarket Drivers
Increasing prevalence oflaryngeal cancer is expected to drive global voice prosthesis devices marketgrowth over the forecast period. Moreover, laryngeal cancer has certaincomorbidities such as ear pain. According to the American Cancer Society (ASC),in the U.S, around 12,410 adults were diagnosed with laryngeal cancer in 2019.
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Moreover, in 2019, according tothe NIDCD (National Institute on Deafness and Other Communication Disorders),in the U.S, around 7.5 million people faced problem of voice production throughthe voice box. In addition, individuals who are aged between 30 to 50 yearsface first sign of the spasmodic dysphonia (spasms of voice box), mostly inwomen than men. Therefore, increasing number of patient suffering from thelaryngeal cancer coupled with growing prevalence of the voice generationproblem are expected to boost global voice prosthesis market growth over theforecast period.
The companies operating in theglobal voice prosthesis devices market are focused on acquisitions, which isexpected to drive the growth of global voice prosthesis devices market. Forinstance, in 2018, Atos Medical AB acquired high-quality tracheostomy productsof Heimomed Heinze GmbH & Co. KG. This acquisition helped Atos Medical ABto expand its product portfolio in Germany as well in Australia. These factorsare expected to fuel global voice prosthesis devices market growth over theforecast period.
Global Voice Prosthesis DevicesMarket Restraints
The high cost associated withvoice prosthesis devices is one of the major factors that is expected to hamperglobal voice prosthesis devices market growth. For instance, the devices whichare used for the long term such as Blom-Singer indwelling prosthesismanufactured by the Singer and Blom costs US$80, while US$182 for Provox2prosthesis, which is manufactured by the Atos medical.
On the other hand, short lifespan of the voice prosthesis devices is another factor that is expected tohinder the growth of voice prosthesis device market over the forecast period.For instance, in 2017, according to the National Center for BiotechnologyInformation (NCBI),in U.S, in 390patients, different 3,648 voice prosthesis devices (VP) were placed, where overtwo-thirds of prostheses were removed due to the problem of leakage, while restwere removed for other reasons. Inaddition the life span of the device was 61 days for all prostheses. Thisfactor is expected to decrease demand of the voice prosthesis devices.
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Global Voice Prosthesis DevicesMarket Regional Analysis
North America is expected toaccount for largest market share in global voice prosthesis devices market,owing to major key players operating in these region such as InHealthTechnologies. Moreover, in 2018, U.S. FDA announced that the medical device includingENT surgical devices are more safe and efficient for the patient. Therefore,availability of voice prosthesis as safe for the patient, which is expected toboost demand for the voice prosthesis device.
Asia Pacific is expected toexhibit highest CAGR over the forecast period due to increasing development ofthe new cheaper voice prosthesis devices which are priced as low as US$1 suchas Aum device, which is manufactured by India-based Innaumation MedicalDevices.
Global Voice Prosthesis DevicesMarket Key Players
Key players operating in theglobal voice prosthesis devices market include Atos Medical AB, InHealthTechnologies, Smiths Medical, Inc., Servona GmbH, Teleflex Incorporated,HEIMOMED Heinze GmbH & Co. KG, Andreas Fahl Medizintechnik Vertrieb GmbH,and Hood Laboratories.
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