The Global Voice Prosthesis Devices Market is expected to grow at an approximate CAGR of 5.6% during forecast period, 2018–2023.
Rising cases of laryngeal cancer is boosting the voice prosthesis devices market. According to the National Cancer Institute, around 13,150 new cases of laryngeal cancer were registered in 2018, which is around 0.8% of all new cancer cases.
Various other factors such as increasing cases of throat cancer, technological advancements, favourable reimbursement, presence of a large target patient population and rising patient awareness regarding the benefits of voice prosthesis devices are also expected to propel the growth of the market.
However, complications associated with voice prosthesis device, and high cost of device can hamper the market growth over the forecast period.