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Electrolarynx Market is forecasted to reaching nearly USD 1.13 Bn. for 2030 as per Maximize Market Research.

(Medical-NewsWire.com, July 28, 2024 ) As per Maximize Market research, the Electrolarynx Market size was valued at USD 0.77 Bn. in 2023, and the total revenue is expected to grow by 5.47 percent from 2024 to 2030, reaching nearly USD 1.13 Bn.



The electrolarynx market features battery-powered devices used for voice restoration after laryngectomy, where the larynx is removed. These devices, which look like small electric razors, create vibrations transmitted through the neck to produce speech. The market is driven by the increasing incidence of laryngeal cancer, with 184,000 cases reported in 2021 and a survival rate varying from 34% to 78% based on cancer progression. High tobacco and alcohol consumption, which contribute to cancer risk, further boosts demand. However, the market faces challenges from high device costs, with prices ranging from $75 to $800, which can limit accessibility for some clinics.



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Segment-wise, neck-type electrolarynx devices lead due to ease of use, followed by intraoral types which offer better sound quality. The market is segmented by age, with higher prevalence and demand in those over 50. Regionally North America leads with a 32% market share, driven by high cancer rates and disposable incomes. Asia Pacific is growing rapidly due to high smoking rates, particularly in China, while Europe, with the highest laryngeal cancer incidence, and India, with increasing medical device adoption, also contribute significantly to market growth.



Electrolarynx Market Segmentation:



by Type



Neck Type



Intraoral Type



Electromyography (EMG) Transduce



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by Application



Below 20 Years



20-30 Years



30-50 Years



Above 50 Years



by End-User



Hospitals



Clinics



Ambulatory Surgical Centers



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Electrolarynx Market Key Players:



Atos Medical



Bruce Medical



Andreas Fahl Medizintechnik–Vertrieb



Servona



Acclarent Inc



MDECG



Karl Storz Gmbh & Co.



Maximize Market Research is leading Medical Devices research firm, has also published the following reports:



Rotavirus Vaccine Market size was valued at USD 7.42 Billion in 2023 and the revenue is expected to grow at a CAGR of 6.4% from 2024 to 2030, reaching nearly USD 11.46 Billion in 2030.



Medical Pendant Market size was valued at USD 509.85 Million in 2023 and the revenue is expected to grow at a CAGR of 6.70% from 2024 to 2030, reaching nearly USD 802.77 Million in 2030.



About Maximize Market Research



Maximize Market Research provides B2B and B2C research on 6,500 high-growth emerging opportunities and technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics and communications, Internet of Things, Food and Beverages, Aerospace and defense, and other manufacturing sectors.

MAXIMIZE MARKET RESEARCH PVT. LTD.

L Godage

09607365656

akash.r@maximizemarketresearch.com

Source: EmailWire.Com

Source: EmailWire.com


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