Global Speech Generating Devices Market – Industry Trends and Forecast to 2029

Global Speech Generating Devices Market, By Product (Speech Generating Synthesized Speech Devices, Speech Generating Text-to-Speech Devices, Speech Generating Picture Communicators), End-User (Hospitals, Clinics, Academic and Research Institutes) – Industry Trends and Forecast to 2029

Market Analysis and Size

The global speech generating devices market is expected to witness significant growth during the forecast period. The development of prototype speech-generating devices has been recorded since the mid-1970s. Over time, many technological advances in electronics have been made to make devices more user-interactive and portable. Currently, few players are active in this segment. Active funding from government agencies to help manufacturers develop new products at low cost to make their devices affordable to patients. The market growth is increasing with each passing decade.

Data Bridge Market Research analyses a growth rate in the global speech generating devices market in the forecast period 2022-2029. The expected CAGR of global speech generating devices market is tend to be around 12.40% in the mentioned forecast period. The market was valued at USD 230.42 million in 2021, and it would grow upto USD 587.02 million by 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Market Definition

Speech generating device are the type of electronic devices which allow the user to select the message which to be spoken aloud. Speech generating devices are also known as voice output communication aids. These devices assist individual users with restricted verbal interaction ability to communicate effectively and in an easy way. It is considered to be a great boon to all users.

Report Scope and Market Segmentation

Global Speech Generating Devices Market Dynamics

Drivers

• Increasing Demand For Text-To-Speech Technology

With the ever-increasing demand for digitization and convenience, the choice of regularly used text-to-speech systems is increasing. Voice commands and voice instructions on text-to-speech devices eliminate the need for users to read lengthy user guides and manuals. People with dyslexia or reading disabilities have difficulty deciphering the text. The letters may not make sense to them, so they remain unknown to them. Text-to-speech technology helps these people by translating the text into an auditory form and making it easier to understand.

• Economic Friendly

Speech generating devices are portable and easy to use due to continuous technological advances. These new technologies have improved efficiency, productivity, sensitivity, specificity, and ultimately people with speech disabilities. The convenience provided by the small, lightweight, touch screen interface has been improved. The latest trends in speech generation devices and technological developments in touch screen devices are expected to bring more opportunities to players in the global speech generating devices market.

Opportunities

• Technological Advancements

Significant technological advances in electronic devices and an expanded range of fault diagnosis will increase the demand for speech generating devices. For instance, Lingraphica launched the MiniTalk voice generator in March 2013. The device has a 7-inch screen for people with aphasia and apraxia of speech, and the device has 7,000 realistic symbols, words and various features.

• Advanced Feature of Static Display

People with communication, speech, or cognitive impairment can use a static display speech generation device. These overlay devices contain words, letters, or images to convey a message to an individual. With different devices for each language type, you can use many overlays to extend your vocabulary options. The advent of static display devices, government spending on education for students with disabilities, and rising demand for static display voice generation devices are expected to drive market growth over the forecast period.

Restraints/Challenges

• Lack of skilled professionals

The lack of qualified personnel who are not aware of these devices could curb the growth of the global speech generating devices market over a forecast period as then they cannot transfer the appropriate information to the patients.

• High Cost

The huge expenditure required for developing or using these devices surely hamper the market growth. Several market players make huge investment in installing new and advanced machines to faster the process and in return the cost is increased.

This global speech generating devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global speech generating devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Global Speech Generating Devices Market

COVID-19 has caused an unprecedented global public health crisis that has affected virtually every business, and its long-term consequences are expected to have an impact on industry growth during the forecast period.

With the spread of COVID-19, physicians and patients became very worried about their own safety, raising doubts about the reuse of medical devices. This had led to a negative impact on the demand for speech generating devices. However, with the pandemic getting slightly off, the market is again regaining its position with several precautionary measures.

Global Speech Generating Devices Market Scope

The global speech generating devices market is segmented on the basis of product and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Speech Generating Synthesized Speech Devices
• Speech Generating Text-to-Speech Devices
• Speech Generating Picture Communicators

End User

• Hospitals
• Clinics
• Academic and Research Institutes

Speech Generating Devices Market Regional Analysis/Insights

The global speech generating devices market is analysed and market size insights and trends are provided by product and end-user as referenced above.

The major countries covered in the global speech generating devices market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America is dominating the market in the forecast period due increasing government supplies of supply speech generating devices to the students via special school policies.

Europe is considered to have the most lucrative period due to rising cases of speech disorders in this region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Global Speech Generating Devices Market Share Analysis

The global speech generating devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global speech generating devices market

Key players operating in the global speech generating devices market include:

• Tobii AB (Sweden)
• PRC Saltillo (U.S.)
• Lingraphica (U.S.)
• TOBY CHURCHILL Ltd. (U.K.)
• Textspeak Corporation (U.S.)
• Tobii Dynavox AB (U.S.)
• Zygo USA (U.S.)
• Attainment Company, Inc. (U.S.)
• Jabbla (Belgium)
• Nuance Communication, Inc. (U.S.)
• Amazon Web Services, Inc. (U.S.)