250 Pages Speech Generating Devices Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider
According to Fact MR’s recent market research, sales of Speech Generating Devices to swell at propelled CAGR through 2031, as investment towards expansion of healthcare infrastructure continues rising. The goal of the survey is uncover growth opportunities, key trends, growth drivers, and challenges. It also provides recommendations to assist businesses in preparing for unforeseen challenges.
Focus on improving overall patient care will remain a chief growth driver. Besides this, Speech Generating Devices market will continue gaining from increasing willingness among patients and families to spend on advanced healthcare.
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As per latest industry analysis published by Fact.MR, the global speech generating devices market reached a valuation of around US$ 205 Mn in 2020, and is slated to accelerate at a CAGR of 10% through 2031. Demand for text-to-speech devices is high and set to remain so, increasing at a CAGR of 9%.
Overall, the worldwide speech generating devices market is projected to expand 2.7X and top a valuation of US$ 550 Mn over the decade.
| Market Size Value in 2020 |
US$ 205 Mn |
| Market Forecast Value for 2031 |
US$ 550 Mn |
| Global Growth Rate (2021 to 2031) |
10% CAGR |
| Top 5 Companies’ Share |
45% |
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Speech Generating Devices market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Speech Generating Devices
The report offers actionable and valuable market insights of Speech Generating Devices. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Speech Generating Devices Market across various industries and regions.
This newly published and insightful report sheds light on Market Insights of Speech Generating Devices, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Speech Generating Devices Market.
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Key Segments Covered in Speech Generating Devices Industry Research
-
Product
- Speech Generating Synthesized Speech Devices
- Speech Generating Text-to-Speech Devices
- Speech Generating Picture Communicators
-
Display
- Speech Generating Devices with Static Display
- Speech Generating Devices with Dynamic Display
-
Technology
- Speech Generating Through Manual Devices
- Speech Generating Through Head Tracking Technology
- Speech Generating Through Eye Tracking Technology
-
Distribution Channel
- Hospitals
- Specialty Clinics
- e-Commerce
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Competitive Landscape
Top companies in the speech generating devices market are engaged in regulatory approvals, technologically advanced products, launch of new products, and acquisition & collaborative agreements with other companies to enhance their market presence.
New strategies are being adopted by key players in the market to expand their product portfolios. In addition to that, manufacturers are making relentless efforts to offer portable speech generating devices.
Manufacturers of speech generating devices emphasize developing technologically advanced and innovative products by investing in research & development activities to gain a competitive advantage.
Projections for the Global Speech Generating Devices Market
- North America will continue to be the most lucrative region for growth of the speech generating devices market, followed by Europe. Revenue from sales of speech generating devices in North America is expected to reach US$ 126.7 Mn by 2022-end.
- Sales of speech generating devices in Asia-Pacific excluding Japan (APEJ) will continue to register the fastest expansion during the forecast period.
- Synthesized speech devices will remain preferred among products in the market, followed by picture communicators.
- Sales of text-to-speech devices are expected to register the highest CAGR in the market through 2022.
- On the basis of display, although static display for speech generating devices will remain sought-after in the market, sales of dynamic display will exhibit a comparatively faster expansion throughout the forecast period.
- Specialty clinics are expected to remain the largest distribution channel for sales of speech generating devices, expanding at the highest CAGR through 2022.
- Hospitals will continue to hold second position in the market based on distribution channel, to account for more than US$ 100 Mn by 2022-end.
- By technology, manual speech generating devices will witness largest adoption, followed by head tracking and eye tracking technology-based speech generating devices.
- Fact.MR’ report profiles key players in the global speech generating devices market, which include Tobii Dynavox, Prentke Romich Company, Inc., Lingraphica, Abilia Toby Churchill Limited, AMDi, Textspeak, Saltillo Corporation, Zyteq Pty Ltd., and Zygo USA.
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Report Benefits & Key Questions Answered
- Speech Generating Devices Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
- Speech Generating Devices Historical volume analysis: The report provides a comparison of Speech Generating Devices’s historical sales and projected sales performance for 2021-2031.
- Speech Generating Devices Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Speech Generating Devices market. It carefully gauges the impact of changing healthcare needs of key demographics globally
- Speech Generating Devices Consumption by demographics: The report investigates consumer behavior affecting Speech Generating Devices demand outlook for the assessment period. Effect of their keenness for digital trends on Speech Generating Devices market is carefully analyzed
- Post COVID consumer spending on Speech Generating Devices: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Speech Generating Devices market growth.
More Valuable Insights on Speech Generating Devices Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Speech Generating Devices, Sales and Demand of Speech Generating Devices, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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