Speech Generating Devices Market Growth, Trends, Size, Demand, Revenue and Future Challenges
Speech Generating Devices Market Size- By Product Type, By End-User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jun-2023 | Report ID: MEDE2317 | Pages: 1 - 239 | Formats*: |
| Category : Medical Devices | |||
Speech Generating Devices Market Introduction and Overview
According to SPER Market Research, the Global Speech Generating Devices Market is estimated to reach USD 0.94 billion by 2033 with a CAGR of 12.63%.
The report includes an in-depth analysis of the Global Speech Generating Devices Market, including market size and trends, product mix, distribution channels, and supplier analysis. Speech Generating Devices (SGDs), also known as augmentative and alternative communication (AAC) devices, are electronic devices that empower users to select and vocalize messages. They are commonly referred to as voice output communication aids and are invaluable tools for individuals with limited verbal communication abilities. Speech generating devices greatly facilitate effective and effortless communication, enhancing the quality of life for users by enabling active participation in social interactions and daily activities. These devices are often customized to suit individual needs, with ongoing support and training provided by professionals such as speech-language pathologists or assistive technology specialists.
- Market development in 2023-2033: driven by the Technological Advancements. Ongoing innovations have led to the development of more advanced and user-friendly SGDs with enhanced features like high-quality speech synthesis, customizable interfaces, and compatibility with different input methods. These technological advancements have expanded possibilities for individuals with communication impairments, driving the demand for SGDs.
- Increasing prevalence of communication disorders: The increasing incidence of communication disorders, such as autism spectrum disorder, cerebral palsy, and ALS, has led to a growing demand for speech generating devices. These devices provide individuals with a means to overcome their communication challenges and improve their quality of life.
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Market Opportunities and Challenges
For market participants, the global market for voice generating devices offers both opportunities and challenges. The increased frequency of communication impairments and disabilities is one of the key opportunities, as is the expanding demand for speech-generating technology. Artificial intelligence and natural language processing integration, for example, opens up new opportunities for improved voice creation and communication experiences. Additionally, a favourable market environment is produced by the rising awareness and acceptance of assistive technologies in healthcare settings, educational institutions, and homecare contexts. The development of telehealth and remote patient monitoring services also creates opportunities for the use of voice producing technology in therapy and remote communication.
The market does, however, have some issues that must be resolved. The high price of advanced speech producing technology, which prevents those with low incomes from using them, is one of the main obstacles. Further preventing their wider adoption are the lack of reimbursement policies or insufficient insurance coverage for these devices. Furthermore, it is still difficult to guarantee correct and natural language creation, particularly for difficult medical or technical terminologies. To get beyond these restrictions, substantial algorithm development and ongoing voice synthesis and recognition technology advancement are required.
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Market Competitive Landscape
The speech generating devices market's competitive landscape provides in-depth details about rival companies, including company profiles, financials, revenue, market potential, investments in research and development, new market initiatives, global presence, production facilities, capacities, strengths, and weaknesses, as well as product launches, product ranges, and application dominance. These facts specifically relate to the actions and plans of the businesses in the market for speech generating devices on a global scale. The key players in the Global Speech Generating Devices Market include Amazon Web Services Inc., Attainment Company Inc., Jabbla, Lingraphica, Nuance Communication Inc., PRC Saltillo, Textspeak Corporation, Tobii AB, Tobii Dynavox AB, TOBY CHURCHILL Ltd., Zygo USA, others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product Type, By End-User |
| Regions covered | Latin America, North America, Asia-Pacific, Middle East & Africa and Europe. |
| Companies Covered | Amazon Web Services Inc., Attainment Company Inc., Jabbla, Lingraphica, Nuance Communication Inc., PRC Saltillo, Textspeak Corporation, Tobii AB, Tobii Dynavox AB, TOBY CHURCHILL Ltd., Zygo USA, others |
COVID-19 Impact on Global Speech Generating Devices Market
The COVID-19 pandemic has created an unparalleled global health crisis, impacting businesses across various industries, including the speech generating devices market. Concerns over personal safety and the potential transmission of the virus have resulted in a decline in demand for these devices, particularly due to uncertainties around the reuse of medical equipment. However, as the situation gradually improves and precautionary measures are implemented, the market is witnessing a recovery and a resurgence in demand. Precautionary measures and safety protocols are being adopted to address the concerns and restore confidence among physicians and patients, thus contributing to the market's revival.
Key Target Audience
- Healthcare professionals
- Individuals with communication impairments
- Institutions and organizations
- Manufacturers and suppliers
- Others
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Key Topics Covered in the Report
- Global Speech Generating Devices Market Size (FY’2023-FY’2033)
- Overview of Global Speech Generating Devices Market
- Segmentation of Global Speech Generating Devices Market By Product Type (Speech Generating Synthesized Speech Devices, Speech Generating Text-to-Speech Devices, Speech Generating Picture communicators)
- Segmentation of Global Speech Generating Devices Market By End-User (Academic and Research Institutes, Clinics, Hospitals)
- Statistical Snap of Global Speech Generating Devices Market
- Expansion Analysis of Global Speech Generating Devices Market
- Problems and Obstacles in Global Speech Generating Devices Market
- Competitive Landscape in the Global Speech Generating Devices Market
- Impact of COVID-19 and Demonetization on Global Speech Generating Devices Market
- Details on Current Investment in Global Speech Generating Devices Market
- Competitive Analysis of Global Speech Generating Devices Market
- Prominent Players in the Global Speech Generating Devices Market
- SWOT Analysis of Global Speech Generating Devices Market
- Global Speech Generating Devices Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Speech Generating Devices Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Speech Generating Devices Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Speech Generating Devices Market
7. Global Speech Generating Devices Market, By Product Type (USD Million)
7.1. Global Speech Generating Devices Market Value Share and Forecast, By Product Type, 2023-20337.2. Speech Generating Picture communicators7.3. Speech Generating Synthesized Speech Devices7.4. Speech Generating Text-to-Speech Devices7.5. Others
8. Global Speech Generating Devices Market, By End-User (USD Million)
8.1. Global Speech Generating Devices Market Value Share and Forecast, By End-User, 2023-20338.2. Academic and Research Institutes8.3. Clinics8.4. Hospitals8.5. Others
9. Global Speech Generating Devices Market Forecast, 2019-2033 (USD Million)
9.1. Global Speech Generating Devices Market Size and Market Share
10. Global Speech Generating Devices Market, By Product Type, 2019-2033 (USD Million)
10.1. Global Speech Generating Devices Market Size and Market Share By Product Type (2019-2026)10.2. Global Speech Generating Devices Market Size and Market Share By Product Type (2027-2033)
11. Global Speech Generating Devices Market, By End-User, 2019-2033 (USD Million)
11.1. Global Speech Generating Devices Market Size and Market Share By End-User (2019-2026)11.2. Global Speech Generating Devices Market Size and Market Share By End-User (2027-2033)
12. Global Speech Generating Devices Market, By Region, 2019-2033 (USD Million)
12.1. Global Speech Generating Devices Market Size and Market Share By Region (2019-2026)12.2. Global Speech Generating Devices Market Size and Market Share By Region (2027-2033)12.3. Asia-Pacific
12.3.1. Australia12.3.2. China12.3.3. India12.3.4. Japan12.3.5. South Korea
12.3.6. Rest of Asia-Pacific
12.4. Europe
12.4.1. France12.4.2. Germany12.4.3. Italy12.4.4. Spain12.4.5. United Kingdom
12.4.6. Rest of Europe
12.5. Middle East and Africa
12.5.1. Kingdom of Saudi Arabia12.5.2. United Arab Emirates12.5.3. Rest of Middle East & Africa
12.6. North America
12.6.1. Canada12.6.2. Mexico12.6.3. United States
12.7. Latin America
12.7.1. Argentina12.7.2. Brazil12.7.3. Rest of Latin America
13. Company Profile
13.1. Amazon Web Services, Inc.
13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments
13.2. Attainment Company
13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments
13.3. Jabbla
13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments
13.4. Lingraphica
13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments
13.5. Nuance Communication
13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments
13.6. PRC Saltillo
13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments
13.7. Textspeak Corporation
13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments
13.8. Tobii AB
13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments
13.9. Tobii Dynavox AB
13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments
13.10. TOBY CHURCHILL Ltd.
13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments
13.11. Zygo USA
13.11.1. Company details13.11.2. Financial outlook13.11.3. Product summary13.11.4. Recent developments
13.12. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Speech Generating Devices Market is projected to reach USD 0.94 billion by 2033, growing at a CAGR of 12.63% during the forecast period.
Speech Generating Devices Market grew in market size from 2022. The Market is expected to reach USD 0.94 billion by 2033, at a CAGR of 12.63% during the forecast period.
Speech Generating Devices Market CAGR of 12.63% during the forecast period.
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Speech Generating Devices Market size is USD 0.94 billion from 2023 to 2033.
Speech Generating Devices Market Segment is covered By Product Type, By End-User.
The North America region is anticipated to have the highest market share in the Speech Generating Devices Market.
The key players in the market include Companies Covered Amazon Web Services Inc., Attainment Company Inc., Jabbla, Lingraphica, Nuance Communication Inc., PRC Saltillo, Textspeak Corporation, Tobii AB, Tobii Dynavox AB, TOBY CHURCHILL Ltd., Zygo USA, others.
These devices are often customized to suit individual needs, with ongoing support and training provided by professionals such as speech-language pathologists or assistive technology specialists.
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