QYR: The Global revenue of Speech Generating Devices is forecast to reach 253.54 M USD by the end of 2021

Speech Generating Devices also known as voice output communication aids, are electronic augmentative and alternative communication (AAC) systems used to supplement or replace speech or writing for individuals with severe speech impairments, enabling them to verbally communicate. SGDs are important for people who have limited means of interacting verbally, as they allow individuals to become active participants in communication interactions. They are particularly helpful for patients suffering from Amyotrophic Lateral Sclerosis (ALS) but recently have been used for children with predicted speech deficiencies.

According to QYR study, the Global revenue of Speech Generating Devices was valued at 148.46 M USD in 2015, and is forecast to reach 253.54 M USD by the end of 2021.

Tobii Dynavox accounted for 45.689% of the global Speech Generating Devices revenue market share in 2015. Followed players, Prentke Romich Company accounted for 13.236%.

Global giant manufactures mainly distributed in North America and Europe. They have unshakable status in this field. The key product markets locate at North America and Europe. USA takes the market share of 56.22% in 2015.

The market is not only influenced by the price, but also influenced by the product performance. The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market.

Looking to the future years, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

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