Electrolarynx Market

Electrolarynx Market Research, 2031

The global Electrolarynx Market Size market was valued at $409.5 million in 2021 and is projected to reach $703.0 million by 2031, growing at a CAGR of 5.5% from 2022 to 2031. An electronic larynx (electrolarynx) is battery-powered equipment that generates sound so that a person can speak. There are various makes and models, the electrolarynx is typically the size of a small electric razor. When a person wants to talk, this little, battery-operated gadget is put right on the neck, beneath the chin. The electrolarynx produces a vibration that is sent via the skin to the throat when the person presses a button on the device. It is essential to recollect the tone created through the electrolarynx, which is more robotic. During tracheoesophageal speech, an electrolarynx is an option for TE speech.

The overall impact of COVID-19 remains negative on the electrolarynx market owing to a decline in the number of laryngectomy procedures. The decrease in the number of patients who visit a healthcare center for laryngectomy procedures reduces the demand for electrolarynx devices.

The key factors that drive the Electrolarynx Market Growth are the rise in the prevalence of laryngeal cancer and the surge in the consumption of alcohol and tobacco are the major factors drives the electrolarynx market. Moreover, a rise in the cases of human papillomavirus infection and a surge in the consumption of alcohol and tobacco, which increase the chance of laryngeal cancer, boosts the growth of the market. For instance, according to the report published by Cancer.Net in 2020, it has been reported that an estimated 12,470 adults (9,820 men and 2,650 women) in the U.S. are diagnosed with laryngeal cancer. It is also more common in men than in women. An estimated 184,615 people were diagnosed with laryngeal cancer in 2020, and 99,840 people worldwide died from laryngeal cancer. Thus, the rise in the number of people suffering from laryngeal cancer increases the demand for electrolarynx devices, which propels the growth of the market.

Furthermore, an increase in the adoption of technologically advanced electrolarynx devices and a surge in investments in R&D by pharmaceutical companies should boost the growth of the electrolarynx market. For instance, in 2019, Griffin Laboratories launched the Tru-Tone electrolarynx device, which is used to produce electronic speech in patients who don’t have voice prostheses. In addition, the high adoption of these medical devices and continuous investing in R&D by numerous key players for the launch of innovative and technologically advanced electrolarynx devices is the key Electrolarynx Market Opportunity in upcoming years.

However, the high cost of electrolarynx devices hampers market growth. Conversely, rising cases of hypopharyngeal cancer, the emerging healthcare market in developing countries, and low-income countries lacking access to basic healthcare, and an increase in the risk of laryngeal cancer are expected to provide a lucrative opportunity for the growth of the market during the forecast period.

The electrolarynx market is segmented on the basis of type, application, end-user, and region. By type, the market is segmented into external batteries and built-in batteries. By application, it is bifurcated into laryngeal cancer and speech rehabilitation. By end user, the market is segmented into hospitals, ambulatory surgical centers, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

By Type Segment Review

By type, the electrolarynx market is segmented into the external battery and built-in batteries. In 2021, the built-in battery segment accounted for the largest share of the market. The dominance of this segment can be attributed to the increasing prevalence of laryngeal cancer and the benefits provided by built-in battery electrolarynx devices as the batteries of these types of devices are rechargeable batteries that can be charged again after being discharged, thereby increasing the demand for built-in battery electrolarynx devices.

The external battery segment is anticipated to grow at a significant rate during the forecast period owing to a rise in the prevalence of laryngeal cancer and increases in demand for voice restoration devices to produce sound or to create a voice.

By Application Segment Review

By application, the electrolarynx market is segmented into laryngeal cancer and speech rehabilitation. In 2021, the laryngeal cancer segment accounted for the largest share of the market. The dominance of this segment can be attributed to rising in the number of populations and a surge in the consumption of alcohol and tobacco which causes laryngeal cancer.

The speech rehabilitation segment is anticipated to grow at a significant rate during the forecast period owing to the rising rate of hypopharyngeal cancer, which increases the demand for transoral video-laryngoscopy surgery and increase the availability of the device for speech rehabilitation is the key factor that drives the Electrolarynx Market Size in the upcoming year.

By End User Segment Review

By end user, the Electrolarynx Industry is segmented into hospitals, ambulatory surgical centers, and others. The hospital’s segment exhibited the highest growth in 2021 and is anticipated to lead during the forecast period, owing to an increase in the number of patients visiting hospitals for surgical procedures due to the rise in the prevalence of cancer also, hospitals are better equipped to handle any post-operative complications and include facilities for physical rehabilitation post surgeries.

The ambulatory surgical center segment is expected to witness considerable market growth during the forecast period, owing to a surge in demand for minimally invasive surgical procedures and an increase in the number of ambulatory surgical centers for laryngectomy surgery.

Region-wise, the electrolarynx market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for a majority of the electrolarynx market share in 2021 and is anticipated to remain dominant during the forecast period owing to the high adoption rate of technologically advanced electrolarynx devices for laryngeal cancer, increase in healthcare expenditure, and the presence of major key players in the country and the strategies they adopt for the development of voice restoration products such as electrolarynx device.

Asia-Pacific is expected to register the fastest CAGR during the forecast period due to the rising consumption of alcohol and tobacco, highly populated countries along with a high rate of active smokers, and a high prevalence of hypopharyngeal cancer.

The key players that operate in the electrolarynx market are Atos Medical, Amplicord, Andreas Fahl Medizintechnik, Griffin Laboratories, NU-Vois, Labaex Trade, InHealth Technologies, Romet, SERVONA GmbH, and ULTRAVOICE Limited.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the electrolarynx market analysis from 2021 to 2031 to identify the prevailing electrolarynx market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the electrolarynx market segmentation assists in determining the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes an analysis of the regional as well as global electrolarynx market trends, key players, market segments, application areas, and market growth strategies.

 Electrolarynx Market Report Highlights