Electrolarynx Market to Reach $703.0 Million by 2031: Allied Market Research

Associated Market Research

Associated Market Research

The rise in the prevalence of larynx cancer, the increase in consumption of alcohol and tobacco among people, the increasing adoption of technologically advanced electrolarynx devices, and rapid investment in research and development by pharmaceutical companies are driving the growth of the global electrolarynx market. The decrease in the number of laryngectomy procedures during the pandemic has negatively impacted the growth of the market.

PORTLAND, OR, Nov. 21, 2022 (GLOBE NEWSWIRE) — A new business intelligence report from Allied Market Research, the global Electrolarynx Market generated $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. The report provides a detailed analysis of the top winning strategies, evolving market trends, market size and estimates, as well as the value chain, key investment pockets, drivers and opportunities, competitive landscape, and regional landscape. The report is a useful source of information for new entrants, shareholders, pioneers and stockholders to introduce necessary strategies for the future and take essential steps to significantly strengthen and expand their position in the market.

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Report coverage and details:

report coverage

details

forecast period

2022-2031

base year

2021

Market size in 2021

$409.5 million

Market size in 2031

$703.0 million

CAGR

5.5%

Number of pages in the report

190

Covered Segments

Type, Application, End User and Region

driver

Increase in the prevalence of throat cancer

Increase in alcohol and tobacco use among people, especially among the younger generation

occasions

Increase in adoption of technologically advanced electrolarynx devices

Rapid investments in research and development by pharmaceutical companies

inhibits

High cost of electrolarynx devices

Restricted to certain consumers

COVID-19 scenario:

  • The outbreak of COVID-19 negatively impacted the growth of the global electrolarynx market as the number of laryngectomy procedures gradually decreased during the lockdown in various countries around the world.

  • Lockdowns resulted in delays or rescheduling of non-emergency services, including laryngectomy procedures.

  • The number of patients visiting the health center fell as the government also imposed strict social distancing restrictions. As a result, demand for electrolarynx devices collapsed.

  • However, the market is expected to recover soon with lockdown restrictions eased.

The report provides detailed segmentation of the global Electrolarynx market by type, application, end-user, and region. The report provides a comprehensive analysis of each segment and its respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market participants, investors and new entrants to determine and develop strategies based on the fastest growing segments and highest revenue generation mentioned in the report.

Based on type, the built-in battery segment held the dominant market share in 2021, holding around three-fifths of the global electrolarynx market and is expected to maintain its leading position during the forecast period. Additionally, the same segment is expected to lead the fastest CAGR of 5.8% over the forecast period. The report also analyzes the external battery segment.

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Based on application, the Laryngeal Cancer segment held the dominant market share occupying nearly three-fifths of the global electrolarynx market in 2021 and is expected to maintain its leading position during the forecast period. Additionally, the same segment is expected to lead the fastest CAGR of 5.8% over the forecast period. The report also analyzes the Speech Rehabilitation segment.

Based on end-users, the hospital segment held the dominant market share with around two-fifths of the global electrolarynx market in 2021 and is expected to maintain its leading position during the forecast period. Additionally, the same segment is expected to register the fastest CAGR of 6.3% over the forecast period. The report also analyzes the outpatient surgical centers and others.

Based on region, the market held the dominant market share across North America with around two-fifths of the global electrolarynx market in 2021 and is expected to maintain its leading position during the forecast period. The Asia-Pacific region, on the other hand, is expected to register the fastest CAGR of 6.5% over the forecast period.

The key players analyzed in the global electrolarynx market report include Ultravoice Limited, Inhealth Technologies, Griffin Labs, Servona GmbH, Labex Trade, AMPLICORD DI GABRIELLA SALVATORE, Romet Limted, Nu-Vois, LLC, Andreas Fahl Medizintechnik – Vertrieb GmbH, Atos Medical AB .

The report analyzes these major players in the global Electrolarynx Market. These market players have effectively used strategies like joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their presence and power in the industry. The report is helpful in analyzing the recent developments, product portfolio, business performance, and operating segments by prominent players in the market.

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about us

Allied Market Research (AMR) is a full-service market research and business consulting arm of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global, mid- and small-sized companies with unmatched quality of “Market Research Reportsand Business Intelligence Solutions. AMR has a focused view of providing business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market space.

We are in professional business relationships with various companies and this helps us to unearth market data which help us create accurate research data tables and confirm the highest accuracy of our market forecasts. Pawan Kumar, CEO of Allied Market Research, is instrumental in inspiring and encouraging everyone associated with the company to maintain high data quality and help clients succeed in any way possible. All data presented in the reports we publish are extracted through primary interviews with top officials from leading companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable professionals and analysts in the industry.

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