In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
Request InsightsPurchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively. Request Insights
Non-verbal ability in association with autism spectrum disorder (ASD) disables the patients expressing basic wants and needs, making communication very difficult. Ganz et al. (2013) reported that approximately 20–30 % of those with ASD lack functional communication. About one third to one half of autistic adults and children are non-verbal, and have difficulty in language use, comprehension, and listening (Beukelman and Mirenda 2013; Cafiero and Meyer 2008; Carr and Felce 2007; Mirenda 2003). To overcome the communication barriers and improve the communication skills of children and adolescents with ASD, the augmentative and alternative communication (AAC) systems has been adopted in the special education programs, especially for those with severe communication disorders, allowing them to express themselves within minimal learning span. Among the AAC systems, speech-generating devices (SGDs) [also known as voice output communication aids (VOCAs)] are a type of electronic aids that can support by indicating images or sounds. The users can press the buttons on the SGD interfaces to facilitate communication with others (Beukelman and Mirenda 2013; Schlosser et al. 2009). Numerous studies have explored the effect of AAC systems on social interaction, cognition, and assessment. Flores et al. (2012) reported that SGD and iPad interactive game could enhance social interaction and promote cognitive development and communication behavior among peers.
Speech Generating Devices Market is anticipated to record a significant CAGR over the forecast period. For speech generating devices, expansion of the global market is largely credited to rising availability of user-friendly devices and advancements in technology.Along with advanced communication based applications, advancement in touch screen devices, such as android phones, iPad, iPhones, and others have changed the global speech generating devices market widely. Availability of light weight, small size, and touch-screen interfaces has removed the inconvenience of carrying heavy and big versions of the speech generating devices which will further impact the speech generating devices market positively.
On the basis of regional platform, global speech generating devices market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.North America is expected to remain the most dominant region in the speech generating devices global market, followed by Europe. Government’s initiative in providing speech generating devices to the students via school is expected to aid the market grow rapidly in the region. Europe also portrays positive growth due to the rising prevalence of speech impairments in the region.Limited growth in the market is concluded over the forecast years in the Asia pacific region owing its largely ignorant nature about speech generating devices. Thus, Asia pacific and rest of the world will have a lethargic growth owing to lack of awareness regarding speech generating devices. CLICK TO DOWNLOAD SAMPLE REPORT
Our-in depth analysis of the global Speech Generating Devices market includes the following segments:
Global Speech Generating Devices Market is further classified on the basis of region as follows:
A number of developments in the electronic technology over the past decade have enabled the speech generating devices to be portable and comparatively more user interactive. The global speech generating devices market is witnessing a key trend of superior automation and introduction of AAC apps on mobile devices for supporting people with sophisticated communication requirements as well as for their caregivers. This is deemed to be one of the highly innovative changes occurring worldwide in the speech generating market which will expand the market strongly during the forecast period. Companies are focusing on the touch screen devices to navigate them easily. In addition to that, they can be connected to various versions of smart phone as of Android and iPhone. Thus, due to the portable nature of these devices, it is gaining purchase from various speech related disorder patients building noteworthy opportunities to the speech generating device manufacturers.
However, factors such as lack of prescriptions, cost constraints associated with speech generating devices along with ongoing budgetary slashes, majorly because a big portion of the funding of speech generating devices is channelized through government, third party sources and public schools is anticipated to slow down the speech generating devices market growth.
Overview of the Parent Market
Analyst View
Segmentation
The Global Speech Generating Devices Market is segmented as follows:
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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