Speaking Valves Market Size is valued at USD 90.9 million in 2023 and is predicted to reach USD 145.5 million by the year 2031 at a 6.16% CAGR during the forecast period for 2024-2031.
A speaking valve is a medical device that allows patients with tracheostomies to regain their speech ability. These valves facilitate inhalation of air into the lungs via the tracheostomy. The valves allow the patient to speak by re-directing airflow through the vocal cords whenever they exhale. The market growth of speaking valves is being propelled by the increasing knowledge of their benefits among both healthcare practitioners and patients. Healthcare providers are more inclined to suggest these devices to tracheostomy patients as their knowledge of their benefits grows.
Additionally, speaking valve devices help with communication, quality of life, and reducing the risk of problems. Furthermore, there has been a noticeable uptick in the proactive pursuit of speaking valves as both patients and caregivers get more knowledge regarding the restoration of speech abilities. Key factors fueling this rising awareness and resulting market expansion include training programs and improved patient results.
However, the high costs of speaking valves are a significant market constraint. Also, market growth is further hindered by low levels of knowledge in underdeveloped areas and the necessity of expert instruction to ensure correct use. Additionally, the speaking valves market was hit hard by the COVID-19 pandemic, which interfered with healthcare services and supply chains, delaying elective tracheostomy treatments.
However, speaking valve devices become more important because of the rising demand for respiratory treatment. Additionally, a number of factors are creating opportunities in the speaking valves market. These include innovations in healthcare technology, rising public consciousness about the importance of healthcare, an aging population, and an ever-increasing desire for patient-centered care.
The speaking valves market is segmented based on material, application, and end-user. Based on material, the market is segmented into silicone, PVC, and others. By application, the market is segmented into tracheostomy, laryngectomy, and others. The end-user segment contains hospitals, ambulatory surgical centers, and others.
Silicone is expected to hold a major global market share in 2023 in the speaking valves market because it is biocompatible and long-lasting. Due to its lack of reactivity, silicone is safe to use for extended periods in medical devices, minimizing the likelihood of skin irritation or allergic responses. Additionally, its malleability also makes it a popular choice for speaking valve designs because it enables the creation of more comfortable and effective valve expansion in this market.
The hospital segment is growing because hospitals are the main places where tracheostomy procedures and care after surgery happen, and speaking valves are often recommended there. Additionally, hospitals have specialized medical staff and modern medical equipment that makes sure speaking valves are fitted, monitored, and managed correctly. Speaking valves are also in high demand in hospitals because of the growing focus on patient rehabilitation and conversation in clinical settings.
The North American-speaking valves market is expected to report the biggest market share in revenue in the near future because of the region's well-developed healthcare system, the high number of tracheostomy surgeries, and the emphasis on patient rehabilitation. The region’s market is growing thanks to rising awareness as well as supportive reimbursement regulations. In addition, the Asia Pacific is expected to grow rapidly in the speaking valves market because of a surge in healthcare spending, more public understanding of cutting-edge medical technology, an aging population, and better access to medical treatment in developing nations.
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Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 90.9 Mn |
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Revenue Forecast In 2031 |
USD 145.5 Mn |
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Growth Rate CAGR |
CAGR of 6.16% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Mn and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Material, Application, End-User. |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
Coloplast A/S, Freudenberg Group, Passy-Muir, Inc., Primed Halberstadt Medizintechnik GmbH, Medtronic, Teleflex Incorporated, Andreas Fahl Medizintechnik-Vertrieb GmbH, Pepper Medical, Boston Medical Products Inc., Parburch Medical Developments Ltd., Besmed Health Business Corp, E. Benson Hood Laboratories, Inc., The Airway Company, Prunus Medical, Mednom, Insight Medical Products Ltd, Ashton India Private Limited. |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Speaking Valves Market Snapshot
Chapter 4. Global Speaking Valves Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Porter's Five Forces Analysis
4.7. Incremental Opportunity Analysis (US$ MN), 2024-2031
4.8. Global Speaking Valves Market Penetration & Growth Prospect Mapping (US$ Mn), 2023-2031
4.9. Competitive Landscape & Market Share Analysis, By Key Player (2023)
4.10. Use/impact of AI on Speaking Valves Industry Trends
Chapter 5. Speaking Valves Market Segmentation 1: By Material, Estimates & Trend Analysis
5.1. Market Share by Material, 2023 & 2031
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Material:
5.2.1. Silicone
5.2.2. PVC
5.2.3. Other Materials
Chapter 6. Speaking Valves Market Segmentation 2: By Application, Estimates & Trend Analysis
6.1. Market Share by Application, 2023 & 2031
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following Applications:
6.2.1. Tracheostomy
6.2.2. Laryngectomy
6.2.3. Other Applications
Chapter 7. Speaking Valves Market Segmentation 3: By End User, Estimates & Trend Analysis
7.1. Market Share by End User, 2023 & 2031
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following End Users:
7.2.1. Hospitals
7.2.2. Ambulatory Surgical Center
7.2.3. Other End Users
Chapter 8. Speaking Valves Market Segmentation 6: Regional Estimates & Trend Analysis
8.1. Global Speaking Valves Market, Regional Snapshot 2023 & 2031
8.2. North America
8.2.1. North America Speaking Valves Market Revenue (US$ Million) Estimates and Forecasts by Country, 2019-2031
8.2.1.1. US
8.2.1.2. Canada
8.2.2. North America Speaking Valves Market Revenue (US$ Million) Estimates and Forecasts by Material, 2019-2031
8.2.3. North America Speaking Valves Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2031
8.2.4. North America Speaking Valves Market Revenue (US$ Million) Estimates and Forecasts by End User, 2019-2031
8.3. Europe
8.3.1. Europe Speaking Valves Market Revenue (US$ Million) Estimates and Forecasts by Country, 2019-2031
8.3.1.1. Germany
8.3.1.2. U.K.
8.3.1.3. France
8.3.1.4. Italy
8.3.1.5. Spain
8.3.1.6. Rest of Europe
8.3.2. Europe Speaking Valves Market Revenue (US$ Million) Estimates and Forecasts by Material, 2019-2031
8.3.3. Europe Speaking Valves Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2031
8.3.4. Europe Speaking Valves Market Revenue (US$ Million) Estimates and Forecasts by End User, 2019-2031
8.4. Asia Pacific
8.4.1. Asia Pacific Speaking Valves Market Revenue (US$ Million) Estimates and Forecasts by Country, 2019-2031
8.4.1.1. India
8.4.1.2. China
8.4.1.3. Japan
8.4.1.4. Australia
8.4.1.5. South Korea
8.4.1.6. Hong Kong
8.4.1.7. Southeast Asia
8.4.1.8. Rest of Asia Pacific
8.4.2. Asia Pacific Speaking Valves Market Revenue (US$ Million) Estimates and Forecasts by Material, 2019-2031
8.4.3. Asia Pacific Speaking Valves Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2031
8.4.4. Asia Pacific Speaking Valves Market Revenue (US$ Million) Estimates and Forecasts By End User, 2019-2031
8.5. Latin America
8.5.1. Latin America Speaking Valves Market Revenue (US$ Million) Estimates and Forecasts by Country, 2019-2031
8.5.1.1. Brazil
8.5.1.2. Mexico
8.5.1.3. Rest of Latin America
8.5.2. Latin America Speaking Valves Market Revenue (US$ Million) Estimates and Forecasts by Material, 2019-2031
8.5.3. Latin America Speaking Valves Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2031
8.5.4. Latin America Speaking Valves Market Revenue (US$ Million) Estimates and Forecasts by End User, 2019-2031
8.6. Middle East & Africa
8.6.1. Middle East & Africa Speaking Valves Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
8.6.1.1. GCC Countries
8.6.1.2. Israel
8.6.1.3. South Africa
8.6.1.4. Rest of Middle East and Africa
8.6.2. Middle East & Africa Speaking Valves Market Revenue (US$ Million) Estimates and Forecasts by Material, 2019-2031
8.6.3. Middle East & Africa Speaking Valves Market Revenue (US$ Million) Estimates and Forecasts by application, 2019-2031
8.6.4. Middle East & Africa Speaking Valves Market Revenue (US$ Million) Estimates and Forecasts by End User, 2019-2031
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. Coloplast A/S
9.2.1.1. Business Overview
9.2.1.2. Key Product/Service Offerings
9.2.1.3. Financial Performance
9.2.1.4. Geographical Presence
9.2.1.5. Recent Developments with Business Strategy
9.2.2. Freudenberg Group
9.2.3. Passy-Muir, Inc.
9.2.4. Primed Halberstadt Medizintechnik GmbH
9.2.5. Medtronic
9.2.6. Teleflex Incorporated
9.2.7. Andreas Fahl Medizintechnik-Vertrieb GmbH
9.2.8. Pepper Medical
9.2.9. Boston Medical Products Inc.
9.2.10. Parburch Medical Developments Ltd.
9.2.11. Besmed Health Business Corp
9.2.12. E. Benson Hood Laboratories, Inc.
9.2.13. The Airway Company
9.2.14. Prunus Medical
9.2.15. Mednom
9.2.16. Insight Medical Products Ltd
9.2.17. Ashton India Private Limited
9.2.18. Other Market Players
Speaking Valves Market By Material-
Speaking Valves Market By Application-
Speaking Valves Market By End-User-
Speaking Valves Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
