The Voice Prosthesis Devices And Equipment Market Share, Market Size, And Growth Rate 2022
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The voice prosthesis devices and equipment market is forecasted to achieve high growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 4%, as per The Business Research Company’s market report!
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The Voice Prosthesis Devices And Equipment Market Size In 2022 And Forecast
The global voice prosthesis devices and equipment market grew from $1.14 billion in 2021 to $1.22 billion in 2022 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The voice prosthesis devices and equipment market is expected to grow to $1.44 billion in 2026 at a CAGR of 4.3%.
The voice prosthesis devices and equipment market consist of sales of voice prosthesis devices and equipment and related services.
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Increase In Number Of Cases Of Larynx Cancer Is Driving The Growth Of The Voice Prosthesis Devices And Equipment Market
Larynx cancer is a disease in which cancer cells form tissue in the larynx and cause a sore throat and ear pain. According to the WHO, there were 99840 deaths reported in 2020 due to Larynx cancer.
Competitive Landscape And The Regional Analysis Of The Voice Prosthesis Devices And Equipment Market
Major players in the voice prosthesis devices and equipment market are Atos Medical, Andreas Fahl Medizintechnik–Vertrieb, Servona, Acclarent Inc, (A Subsidiary of Johnson & Johnson), Karl Storz Gmbh & Co. Kg, Smith & Nephew PLC, InHealth Technologies, HEIMOMED Heinze, Sonova Holding AG, and William Demant Holding A/S.
Additionally, as per TBRC’s research – North America was the largest region in the voice prosthesis devices and equipment market in 2021 holding the largest market share.
The Voice Prosthesis Devices And Equipment Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the voice prosthesis devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the voice prosthesis devices and equipment market.
Technological Advancement – A Key Trend In The Voice Prosthesis Devices And Equipment Market
Technological advancements of voice prosthesis devices and equipment have increased various properties of devices including, a lifetime of the device, simple and easy maintenance by patients, and comfortable outpatient replacements.
Voice Prosthesis Devices And Equipment Market Segmentation By The Business Research Company
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
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