Speech Generating Devices Market to Experience Significant Growth

Posted by Arslan on February 4th, 2019

The global speech generating devices market is expected to exhibit a staggering expansion at 12.2% CAGR over the forecast period 2017 to 2022, according to a report by Fact.MR. The report anticipates the market to account for revenues worth US$ 168.6 Mn in 2017, and the market is further estimated to reach nearly US$ 300 Mn by 2022-end.

Various developments in electronic technology have been witnessed over the past decade, rendering the speech generating devices portable and more user interactive. Speech generating devices exist in several variants on the basis of levels of cognitive abilities, physical abilities, symbol system, tongue switches, text, and eye tracking system. Growth of the global speech generating devices market is primarily attributed to increasing availability of user-friendly devices and advancements in technology. According to the National Institute of Deafness & Other Communication Disorders (NIDCD), it is estimated that approximately 7.5 Mn of the U.S. population is affected with some kind of speech related disorders.

Global leaders in speech generating devices market are focusing on enhancement of touch-screen devices for the provision of easy navigation to users. In addition, these manufacturers are providing speech generating devices with the ability to connect with variety of smart phone versions such as iPhone and Android. On the back of speech generating devices’ portable nature, demand for these devices is gaining higher traction among patients with speech impairments. This is further expected to create huge opportunities for manufacturers of speech generating devices. However, factors such as low penetration of speech generating devices, coupled with their high cost are expected to inhibit growth of the market during the forecast period.

North America to Remain the Most Lucrative Market for Speech Generating Devices

North America is estimated to remain the most lucrative region in the global market for speech generating devices, followed by Europe. In North America, sales of speech generating devices is expected to account for revenues worth US$ 126.7 Mn by 2022-end. Speech generating devices market in Asia Pacific excluding Japan (APEJ) is expected to register the fastest expansion through 2022.

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By product type, synthesized speech devices are expected to remain preferred in the global market for speech generating devices, followed by picture communicators. Text-to-speech devices’ sales are expected to exhibit the highest CAGR through 2022.

Static Display for Speech Generating Devices to Remain Sought-After in the Market

On the basis of display, even though speech generating devices with static display will remain sought-after, sales of speech generating devices with dynamic display will continue to exhibit a comparatively higher CAGR through 2022.

Specialty clinics will remain dominant among distribution channels in the global speech generating devices market, witnessing expansion at the highest CAGR during the forecast period. Hospitals will remain the second most lucrative distribution channel for speech generating devices in the market, estimated to account for over US$ 100 Mn by 2022-end. Based on technology, manual segment will witness the largest adoption in the market, followed by eye tracking and head tracking technology-based speech generating devices.

Competition Tracking

Fact.MR’ report profiles key players in the global speech generating devices market, which include Abilia Toby Churchill Limited, AMDi, Saltillo Corporation, Zyteq Pty Ltd., Tobii Dynavox, Prentke Romich Company, Inc., Lingraphica, Textspeak, and Zygo USA.