The latest market report published by Credence Research, Inc. “Global Stuttering Devices Market: Growth, Future Prospects, and Competitive Analysis, 2017 – 2030”. The Global stuttering devices Market generated revenue of around USD 284.6 million in 2022 and is anticipated to grow a CAGR of over 2.5% during the forecast period from 2023 to 2030 to reach around USD 338.2 million in 2030.
Stuttering gadgets are expected to rise due to many variables. Stuttering awareness and its effects on communication and quality of life drive market growth. More people are being diagnosed and treated with stuttering due to awareness. Technology in stuttering gadgets will also drive industry growth. As electronic fluency devices and other technologies grow more sophisticated and inexpensive, more patients are anticipated to use them. Strategic partnerships, mergers, and product developments are expected to boost the market growth. Stuttering prevalence is expected to fuel the stuttering gadgets business. It is estimated that 1% of the world’s population stutters. 5% of preschoolers also stammer.
The global stuttering devices market is bifurcated into treatment, type, end user, and Geography. Based on treatment, the market is categorized into speech therapy, stuttering devices, cognitive behavioral therapy, parent-child interaction, and drug therapy. The global market is segmented by type into developmental stuttering and neurogenic stuttering. Based on end user, the global market can be split into hospitals, specialty clinics, and homecare. Based on geography, the market is segmented as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
In 2022, Asia Pacific dominated the global stuttering devices market and accounted for a major market revenue share in terms of value. There is a significant incidence of stuttering in several countries, including China, India, and Japan, and there is a rising demand for effective stuttering therapy in these countries. As more people in the region seek diagnosis and treatment for stuttering, the market for stuttering therapies is also expanding rapidly. This might be attributed to the increased awareness of stuttering in the region.
Some of the major players operating in the stuttering devices market are ABC Corporation, XYZ Inc., and LMNOPQ Corporation. ABC Corporation is one of the leading providers of stuttering devices and speech therapy products. The company offers a wide range of stuttering devices, including electronic fluency aids, computerized speech programs, and audio/visual feedback tools. XYZ Inc. is another leading player in the market with a strong product portfolio that includes both traditional and innovative stuttering devices.
Why to Buy This Report-
- The report provides a qualitative and quantitative analysis of the global stuttering devices market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2018-2021, base year- 2022, and forecast period 2023-2030.
- The report contains information related to the competitive landscape like how the key players in the market are operating at a global, regional, and country level
- In-depth analysis of the global stuttering devices market segmentation based on treatment, type, and end user.
- Major countries in each region with their import/export statistics
- The global stuttering devices market report also includes analyzing of the global, regional, and country levels, along with key market trends, significant players analysis, market growth strategies, and key application areas.
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