Voice Prosthesis Devices Market Size Estimated to Observe Significant Growth by 2026

Voice prosthesis devices are artificial devices used for voice generation. These devices are used in several clinical conditions such as tracheoesophageal or cancer such as laryngeal cancer, oral cancer, or any other health condition which prohibits voice generation. These devices are placed inside the wall of trachea and esophagus through surgery. The devices are easy to place and compatible with the body making them more acceptable. Rise in prevalence of various chronic conditions that prohibit voice generation is the major factor driving the global Voice Prosthesis Devices Market. An estimated 1200 people develop laryngeal cancer in the U.S. each year. Additionally, high consumption of tobacco and rise in prevalence of human papillomavirus infection increase the risk of developing laryngeal cancer. This in turn is projected to drive demand for voice prosthesis devices during the forecast period. However, high cost of voice prosthesis devices and surgery are the major factors anticipated to hamper the growth of the global market from 2018 to 2026.

The global voice prosthesis devices market can be segmented based on device type, valve type, end-user, and region. In terms of device type, the global market can be bifurcated into indwelling voice prosthesis devices and non-dwelling voice prosthesis devices. The indwelling voice prosthesis devices segment is expected to account for significant share of the global market owing to rise in prevalence of voice affecting chronic conditions such as laryngeal cancer. Based on valve type, the global voice prosthesis devices market can be categorized into Blom-Singer valve, Provox valve, and Groningen valve.

In terms of end-user, the global market can be classified into hospitals, ambulatory surgical centers, and others. The hospitals segment is likely to expand at a high CAGR during the forecast period due to increase in number of hospital visits and availability of advanced infrastructure. These devices are made of medical grade materials such as silicone which are highly resistant to immunological rejection. Various ongoing research on advancement of voice prosthesis device materials to increase patient compatibility drives the global voice prosthesis devices market.

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Geographically, the global voice prosthesis devices market can be segmented into five major regions: North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America is anticipated to dominate the global market, followed by Europe. Increase in geriatric population, rise in incidence and prevalence of ENT related disorders, well-established health care infrastructure with favorable reimbursement policies, presence of key players, and high awareness about voice prosthesis devices propel the voice prosthesis devices market in North America and Europe.

The market in Asia Pacific is expected to expand at a high CAGR during the forecast period. This is attributed to large number of patients undergoing ENT procedures, increase in health care spending, rise in disposable income, and improvement in health care infrastructure in India and China. The voice prosthesis devices market in Middle East & Africa is anticipated to witness sluggish growth during the forecast period owing to lack of awareness and unavailability of skilled professionals and developed health care infrastructure.

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