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.
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The global speech-generating devices market is expected to witness significant growth during the forecast period. The development of prototype speech-generating devices has been recorded since the mid-1970s. Over time, many technological advances in electronics have been made to make devices more user-interactive and portable. Currently, few players are active in this segment. Active funding from government agencies to help manufacturers develop new products at low cost to make their devices affordable to patients. The market growth is increasing with each passing decade.
Speech generating devices are the type of electronic devices which allow the user to select the message to be spoken aloud. Speech-generating devices are also known as voice output communication aids. These devices assist individual users with restricted verbal interaction ability to communicate effectively and in an easy way. It is considered to be a great boon to all users.
Opportunities
- Technological Advancements
Significant technological advances in electronic devices and an expanded range of fault diagnosis will increase the demand for speech generating devices. For instance, Lingraphica launched the MiniTalk voice generator in March 2013. The device has a 7-inch screen for people with aphasia and apraxia of speech, and the device has 7,000 realistic symbols, words and various features.
- Advanced Feature of Static Display
People with communication, speech, or cognitive impairment can use a static display speech generation device. These overlay devices contain words, letters, or images to convey a message to an individual. With different devices for each language type, you can use many overlays to extend your vocabulary options. The advent of static display devices, government spending on education for students with disabilities, and rising demand for static display voice generation devices are expected to drive market growth over the forecast period.
Impact of COVID-19
The speech generating devices (SGDs) market has been hit by the COVID-19 pandemic. With the spread of COVID-19, physicians and patients became extremely worried about their own safety, raising doubts about the reuse of medical devices. This had a negative impact on the demand for speech generating devices.
COVID-19 is an incomparable global public health emergency that affected the sales of picture communicator devices, and the long-term effects are projected to impact the market.
As the COVID-19 pandemic spreads globally, medical device companies are finding it more difficult to make informed decisions about their products, supply networks, and regulatory obligations.
Medical and healthcare departments are working at full capacity to treat patients. To capitalize on the looming opportunities, stakeholders in the global SGDs market landscape are expected to innovate, invest in research, and develop new solutions.
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.
Key Companies Profiled:
- Abilia AB
- AMDi
- Lingraphica
- Prentke Romich Company Inc.
- Saltillo Corporation
- Textspeak Corporation
- Tobii Dynavox
- Zygo USA.
- Zyteq Pty. Ltd.
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Key Segments Covered :
- By Product
- Synthesized Speech Devices
- Text-to-Speech Devices
- Picture Communicators
- By Display
- Static Display
- Dynamic Display
- By Technology
- Manual Devices
- Head Tracking Technology
- Eye Tracking Technology
- By Distribution Channel
- Hospitals
- Specialty Clinics
- e-Commerce
- By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East Africa
Questionnaire answered in the report include:
- How the industry has grown?
- What is the present and future outlook on the basis of region?
- What are the challenges and opportunities?
- Why the consumption in region?
- In which year segment is expected to overtake segment?
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