Muscle Tension Dysphonia Treatment Market Trends

  • Report ID: 5631
  • Published Date: Feb 12, 2024
  • Report Format: PDF, PPT

Muscle Tension Dysphonia Treatment Market Trends

Growth Drivers

  • Growing Government Sponsored Research and Development Activities - There is an increased focus on research and development, which is expanding the muscle tension dysphonia treatment market. These prospects will help the market for therapies for muscular tension dysphonia. To encourage scientists and pharmaceutical companies to produce novel drugs, the government is funding research and development (R&D) initiatives. For instance, a leading provider of virtual speech therapy, Great Speech, is pleased to announce a strategic alliance with Bennie, a global platform for employee benefits that aims to increase benefit accessibility and comprehensibility. Bennie members can use the knowledge and resources of the Great Speech nationwide network of more than 200 licensed speech-language pathologists from the convenience of their homes with just an internet connection to solve communication difficulties.
  • Growing Demand for Personalized Diagnostic Techniques - The growing need for specialized and personalized diagnostic methods will also boost the expansion. There are no specific diagnostic techniques for this condition. Both the speech-language pathologist and the laryngologist base their diagnosis on the patient's description of their symptoms, the quality of their voice, and an inspection of their vocal folds during speech. Also, the growing number of retail pharmacies in economically developed nations and the use of several drugs for muscular tension dysphonia, which are provided through retail pharmacies, present opportunities for muscle tension dysphonia treatment market expansion. Because individuals may easily obtain their drugs from retail pharmacies, patients frequently prefer them.
  • Increased Stress among Adults and Children - The market for treatments for muscular tension dysphonia is anticipated to be driven by the increasing prevalence of voice abnormalities in both adults and children. The market for treatments for muscular tension dysphonia is mostly driven by rising stress. As per a report, in 2022, 25% of those 65 years of age and above reported having moderate to severe symptoms of stress, even though young people globally are more likely to report such symptoms. Furthermore, it is anticipated that the market for muscular tension dysphonia will grow due to an increase in chronic illnesses such as autism, Parkinson's disease, brain tumors, cerebral palsy, and stroke.

Challenges

  • Lack of Awareness among Individuals - One of the primary challenges is the general public's and healthcare professionals' inadequate knowledge and comprehension of the illness. This may result in a delayed or incorrect diagnosis, which would make it more difficult for the patient to get the right care. As a result, this aspect can hinder the muscle tension dysphonia treatment market growth for treatments for muscular tension dysphonia.
  • High Costs Related to the Treatment may Hamper the Growth of the Market
  • Limited Access to Voice Therapy Services in Some Areas may Impede the Market Growth

Muscle Tension Dysphonia Treatment Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~ 3%

Base Year Market Size (2023)

 ~ USD 13 Billion

Forecast Year Market Size (2036)

 ~ USD 20 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Browse Key Market Insights with Data Illustration:


Author Credits:  Radhika Gupta, Shivam Bhutani


  • Report ID: 5631
  • Published Date: Feb 12, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing sponsored research and development activities by the government, growing demand for personalized diagnostic techniques, and increased stress among adults and children are the major factors driving the growth of the muscle tension dysphonia treatment market.

The market size of muscle tension dysphonia treatment is anticipated to attain a CAGR of 3% over the forecast period, i.e., 2024-2036.

The major players in the market are Verboso LLC, SpeakSuite, Inc., Pfizer Inc., Cipla Inc., Merck & Co., Inc., Astellas Pharma Inc., Daiichi Sankyo Co Ltd., Takeda Pharmaceutical Co Ltd., CoeFont Inc., Teijin Ltd., Otsuka Holdings Co Ltd., and others.

The adult segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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