Fact.MR – A Market Research and Competitive Intelligence Provider: As per the latest analysis by Fact.MR, the global speech generating devices market will register growth at 10% CAGR between 2021 and 2031.
Text-to-Speech Generating Devices to Remain Top Choice in Speech Generating Devices Market, Topping Sales worth US$ 140 Mn by 2031
Fact.MR’s latest study offers incisive coverage on various trends affecting growth in the speech generating devices (SGD) market. It also includes detailed information on leading manufacturers and emerging players. To offer a holistic overview, the report segments the market in terms of product, display, technology, and distribution channel.
Fact.MR – A Market Research and Competitive Intelligence Provider: As per the latest analysis by Fact.MR, the global speech generating devices (SGD) market will register growth at 10% CAGR between 2021 and 2031. Growth in the market is driven by increasing sales of text-to-speech generation devices to facilitate the treatment of speech-impairment.
Driven by technological advancements and growing prevalence of speech impairment among individuals, demand for SGD is expected to accelerate. According to National Institute on Deafness and Communication Disorders, nearly 7.7% children in the U.S. have a disorder related to voice, speech, and language.
As maximum cases of speech impairments are recorded among children, manufacturers are developing devices that are convenient to use. These devices are integrated with the latest technology and touch-screen interface. Consequently, they are user-friendly, portable, and offer increased productivity.
On the back of this, the text-to-speech generating devices sales are expected to increase at 9% CAGR during the forecast period. Also, governments across low-income countries are funding the development innovative SGD at low-cost to help impaired individuals. Such initiatives are expected to bode well for the market.
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As per Fact.MR, the demand for light weight and compact text-to-speech generation devices is on the rise across the U.S., Australia, and China. Regionally, North America is expected to dominate the global market, accounting for over 50% of global sales.
“Increasing adoption of speech generating devices in special education programs has created higher opportunities for sales. With the rising demand for advanced, touch-screen speech generating devices, key players are extensively investing in research activities to develop compact and light-weight technologically advanced SGD, especially to cater the demand from low-income countries,” says the Fact.MR analyst.
Key Takeaways from Speech Generating Devices Market Study
- Demand for text-to-speech generating devices is expected to increase by 2.5x during the forecast period.
- In terms of display, speech generating devices with static display are highly sought-after among impaired individuals.
- Sales of synthesized speech generating devices are projected to increase at 8% CAGR through 2031.
- The U.S. speech generating devices market is expected to grow by 1.5x by 2031
- China is expected to witness tremendous growth in SGD market on the back of increasing sales of text-to-speech generating devices.
- Canada SGD market to surpass US$ 50 Mn by 2031-end.
- Australia is expected to lead the growth across Oceania, registering growth at 7% CAGR during the assessment period.
Key Drivers
- Introduction of touch-screen and advanced speech generating devices integrated with cutting-edge technologies such as artificial intelligence will fuel the demand.
- Advancements in electronic technology and availability of portable devices will boost the market.
Key Restraints
- Low penetration of the market in low-and middle-income countries will restrict the growth of speech generating devices market.
- High cost of advanced and portable speech generating devices is likely to hamper the sales.
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Competitive Landscape
Speech generating devices manufacturers are focusing on developing advanced and portable devices for the treatment of speech-related disorders. They also are collaborating with government initiatives and funding to gain competitive edge.
Some of the market players are engaged in extensive research activities to develop effective solutions for faster regulatory approvals. Strategies such as acquisitions and collaboration with other key companies are also on cards as market players aim at strengthening their global presence.
For instance,
- In January 2021, Readspeaker, an independent digital voice partner for global businesses, announced its partnership with sComm, leading developer of speech generating devices (SGD) for the deaf and hard of hearing, to power the company’s UbiDuo devices. By embedding the company’s text-to-speech (TTS) technology into sComm’s UbiDuo devices, the companies are improving real-time communication capabilities between the hearing and deaf and hard-of-hearing communities.
- In September 2021, EyeTech Digital Systems announced the launch of EyeOn Go, a new 10-inch speech generating device (SGD) in the company’s product line of augmentative and alternative communication (AAC) products. EyeOn Go is purpose-built to support fast, effective communication for verbally impaired individuals.
Leading speech generating devices players profiled by Fact.MR include:
- Abilia AB
- AMDi
- Lingraphica
- Prentke Romich Company Inc.
- Saltillo Corporation
- Textspeak Corporation
- Tobii Dynavox
- Zygo USA.
- Zyteq Pty. Ltd.
- Others
More Valuable Insights on Speech Generating Devices Market
In its latest report, Fact.MR provides insights into the global speech generating devices market, analyzing historical data from 2016 to 2020 and forecast statistics between 2021 and 2031. The survey reveals growth projections on in the speech generating devices market with detailed segmentation:
By Product:
- Speech Generating Synthesized Speech Devices
- Speech Generating Text-to-Speech Devices
- Speech Generating Picture Communicators
By Display:
- Speech Generating Devices with Static Display
- Speech Generating Devices with Dynamic Display
By Technology:
- Manual Devices
- Head Tracking Technology
- Eye Tracking Technology
By Distribution Channel:
- Hospitals
- Specialty Clinics
- e-Commerce
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East Africa
Key Questions Covered in the Speech Generating Devices Market Report
- The report offers insight into speech generating devices demand outlook for 2021-2031
- The market survey also highlights projected sales growth for the speech generating devices market between 2021 and 2031
- Speech generating devices market analysis identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
- Speech generating devices market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, collaborations or partnerships, and others.
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