Speech Generating Devices Market Growth, Trends, Size, Demand, Revenue and Future Challenges: SPER Market Research

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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.

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

Our in-depth analysis of the Speech Generating Devices Market includes the following segments:

By Product Type:	Speech Generating Picture communicators Speech Generating Synthesized Speech Devices Speech Generating Text-to-Speech Devices Others
By End-User:	Academic and Research Institutes Clinics Hospitals Others

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 report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source

2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. 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. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. 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. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats

5.2. PESTEL Analysis

5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape

5.2.6. Legal Landscape

5.3. PORTER’s Five Forces

5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry

5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Global Speech Generating Devices Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. 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, 2023-2033
7.2. Speech Generating Picture communicators
7.3. Speech Generating Synthesized Speech Devices
7.4. Speech Generating Text-to-Speech Devices
7.5. 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, 2023-2033
8.2. Academic and Research Institutes
8.3. Clinics
8.4. Hospitals
8.5. 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. Australia
12.3.2. China
12.3.3. India
12.3.4. Japan
12.3.5. South Korea

12.3.6. Rest of Asia-Pacific

12.4. Europe

12.4.1. France
12.4.2. Germany
12.4.3. Italy
12.4.4. Spain
12.4.5. United Kingdom

12.4.6. Rest of Europe

12.5. Middle East and Africa

12.5.1. Kingdom of Saudi Arabia
12.5.2. United Arab Emirates
12.5.3. Rest of Middle East & Africa

12.6. North America

12.6.1. Canada
12.6.2. Mexico
12.6.3. United States

12.7. Latin America

12.7.1. Argentina
12.7.2. Brazil
12.7.3. Rest of Latin America

13. Company Profile

13.1. Amazon Web Services, Inc.

13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments

13.2. Attainment Company

13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments

13.3. Jabbla

13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments

13.4. Lingraphica

13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments

13.5. Nuance Communication

13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments

13.6. PRC Saltillo

13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments

13.7. Textspeak Corporation

13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments

13.8. Tobii AB

13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments

13.9. Tobii Dynavox AB

13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments

13.10. TOBY CHURCHILL Ltd.

13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments

13.11. Zygo USA

13.11.1. Company details
13.11.2. Financial outlook
13.11.3. Product summary
13.11.4. 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.

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Frequently Asked Questions About This Report

How big is the Speech Generating Devices Market?

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.

What is the growth rate of the Speech Generating Devices Market?

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.

What is the anticipated CAGR of the Speech Generating Devices Market?

Speech Generating Devices Market CAGR of 12.63% during the forecast period.

How can I get a sample report on the Speech Generating Devices Market?

You can get the sample pages by clicking the link - Click Here

What is the market size of the Speech Generating Devices Market?

Speech Generating Devices Market size is USD 0.94 billion from 2023 to 2033.

Which segment is expected to Speech Generating Devices Market?

Speech Generating Devices Market Segment is covered By Product Type, By End-User.

Which region is expected to have the highest market share in the Speech Generating Devices Market?

The North America region is anticipated to have the highest market share in the Speech Generating Devices Market.

Who are the key players in 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.

What is the conclusion of the Speech Generating Devices Market?

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.