LeapZipBlog: Steve Blade's blog: Speech Generating Devices Market In-depth Analysis, Share, Company Profiles, and Insights Covering Market Share Forecast to 2022

Speech Generating Devices Market In-depth Analysis, Share, Company Profiles, and Insights Covering Market Share Forecast to 2022

August 16, 2019 by Steve Blade  

According to Fact.MR’s recent report, the global market for speech generating devices is expected to register a staggering expansion at a CAGR of 12.2% during the forecast period 2017 to 2022. The report projects the revenues from global speech generating devices market to account for US$ 168.6 Mn in 2017; by 2022 this number is expected to reach nearly US$ 300 Mn.

Speech-generating devices (SGDs), referred to voice output communication aids, imply electronic
augmentative & alternative communication system (AAC system) used to replace speech/writing for individuals suffering from severe speech impairments. The global SGDs market has been witnessing key trends such as the advent of AAC appson mobile devices and superior automation. These are providing convenience to people associated with sophisticated communication requirements, and their caregivers. Independent decisions are made by patients, consumers, and caregivers while purchasing suitable SGDs. Our report provides an in-depth analysis about the global speech generating devices market during the forecast period

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Market Players Concentrating on Enhancing Touch-Screen Devices for Easy Navigation of Speech Generating Devices

A number of developments in the electronic technology over the past decade have enabled the speech generating devices to be portable and comparatively more user interactive. Several variants of speech generating devices are available on the basis of text, symbol system, cognitive abilities, physical abilities, tongue switches, and eye tracking system. Expansion of the global market for speech generating devices is mainly attributed to advancements in technology and rising availability of user-friendly devices. The National Institute of Deafness & Other Communication Disorders (NIDCD) has anticipated that approximately 7.5 Mn population in the U.S. is affected with speech-related disorders.

Projections for the Global Speech Generating Devices Market

  1. North America will continue to be the most lucrative region for growth of the speech generating devices market, followed by Europe. Revenue from sales of speech generating devices in North America is expected to reach US$ 126.7 Mn by 2022-end.
  2. Sales of speech generating devices in Asia-Pacific excluding Japan (APEJ) will continue to register the fastest expansion during the forecast period.
  3. Synthesized speech devices will remain preferred among products in the market, followed by picture communicators.
  4. Sales of text-to-speech devices are expected to register the highest CAGR in the market through 2022.
  5. On the basis of display, although static display for speech generating devices will remain sought-after in the market, sales of dynamic display will exhibit a comparatively faster expansion throughout the forecast period.
  6. Specialty clinics are expected to remain the largest distribution channel for sales of speech generating devices, expanding at the highest CAGR through 2022.
  7. Hospitals will continue to hold second position in the market based on distribution channel, to account for more than US$ 100 Mn by 2022-end.
  8. By technology, manual speech generating devices will witness largest adoption, followed by head tracking and eye tracking technology-based speech generating devices.

Market players in the global speech generating devices market are concentrating on enhancing touch-screen devices to offer users with easy navigation. These manufacturers are enabling speech generating devices to connect with smart phones. Owing to speech generating devices’ portable nature, adoption of these devices is witnessing an upsurge among patients affected with speech-related disorders. This is further expected to pave tremendous opportunities for players in the global speech generating devices market. However, factors such as high cost and low penetration of speech generating devices are expected to curb growth of the market.

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.

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