The vocal cord paralysis global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Vocal Cord Paralysis Market, 2024The vocal cord paralysis global market report 2024
Market Size –
The vocal cord paralysis market size has grown steadily in recent years. It will grow from $2.65 billion in 2023 to $2.77 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to increased incidence of neurological disorders, increasing awareness of vocal cord paralysis, increasing prevalence of head and neck surgeries, increasing frequency of trauma and injury, and growth in the elderly population
The vocal cord paralysis market size is expected to see strong growth in the next few years. It will grow to $3.38 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to the increasing prevalence of chronic diseases, rising awareness of voice disorders, increasing prevalence of respiratory infections, rising incidence of head and neck cancers, and rising number of patients undergoing thyroid surgery. Major trends in the forecast period include technological advancements, telemedicine for vocal health, integration of artificial intelligence, diagnostic tools, and surgical robotics.
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Scope Of Vocal Cord Paralysis MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Vocal Cord Paralysis Market Overview
Market Drivers –
The high prevalence of neurological disorders is projected to drive the growth of the vocal cord paralysis market in the coming years. Neurological disorders encompass conditions that affect the nervous system, including the brain, spinal cord, and nerves. The rising prevalence of these disorders can be attributed to various factors such as genetic predisposition, infections, trauma, toxins, autoimmune responses, and degeneration. Conditions like stroke, multiple sclerosis, Parkinson’s disease, and other neuromuscular disorders often lead to complications such as vocal cord paralysis, due to their impact on nerve function and muscle control. As the incidence of these disorders continues to rise globally, the number of patients experiencing vocal cord paralysis is likely to increase as well. For instance, in April 2022, the European Brain Council, a Belgium-based non-profit organization, reported that over 600 neurological diseases and nearly 300 psychiatric conditions affect millions globally, including 65 million individuals with epilepsy. In Europe, the number of people living with dementia was approximately 10.5 million, with projections indicating an increase to 18.7 million by 2050. Thus, the high prevalence of neurological disorders will drive the growth of the vocal cord paralysis market.
Market Trends –
Major companies operating in the vocal cord paralysis market are focused on developing innovative technologies, such as AI-assisted wearable devices, to enhance diagnosis, treatment, and management of the condition, improving patient outcomes and overall quality of life. An AI-assisted wearable device refers to a piece of wearable technology that integrates artificial intelligence to enhance its functionality. For instance, in March 2024, UCLA (University of California, Los Angeles), a US-based public research university, invented an adhesive neck patch, a soft, thin, stretchy device measuring just over 1 square inch that can be attached to the skin outside the throat to help people with dysfunctional vocal cords regain their voice function. The tiny new patch-like device is made up of two components. One, a self-powered sensing component, detects and converts signals generated by muscle movements into high-fidelity, analyzable electrical signals and other is actuation component that covert these electrical signals into speech signals using a machine-learning algorithm.
The vocal cord paralysis market covered in this report is segmented –
1) By Type: Bilateral, Unilateral
2) By Treatment: Surgery, Voice Therapy
3) By End User: Hospital, Ambulatory Surgical Centres, Speciality Clinic, Other End Users
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Regional Insights –
North America was the largest region in the vocal cord paralysis market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vocal cord paralysis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies in the market are Aetna Inc., Sanofi SA, Medtronic plc, Siemens Healthineers AG, Stryker Corporation, Boston Scientific Corporation, Olympus Corporation, Intuitive Surgical Inc., Smith & Nephew plc, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Smiths Medical, Teleflex Incorporated, Karl Storz SE & Co. KG, Cook Medical, PENTAX Medical, Merz Therapeutics, NuVasive Inc., Atos Medical AB, Advanced Bionics AG, Cytophil Inc., Topeka ENT, Intersect ENT Inc.
Table of Contents
1. Executive Summary
2. Vocal Cord Paralysis Market Characteristic
3. Vocal Cord Paralysis Market Trends And Strategies
4. Vocal Cord Paralysis Market – Macro Economic Scenario
5. Global Vocal Cord Paralysis Market Size and Growth
…
32. Global Vocal Cord Paralysis Market Competitive Benchmarking
33. Global Vocal Cord Paralysis Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Vocal Cord Paralysis Market
35. Vocal Cord Paralysis Market Future Outlook and Potential Analysis
36. Appendix
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