Stuttering Devices Market
The global stuttering devices market in 2020 is estimated for more than US$ 269.8 Mn and expected to reach a value of US$ 326.2 Mn by 2028 with a significant CAGR of 2.4%
Meridian Market Consultants (MMC) has published a new report titled, “Stuttering Devices Market: Opportunity Analysis and Future Assessment 2020 to 2028”
Global Stuttering Devices Market, by Device Type (Delayed Auditory Feedback devices, Electronic fluency devices), By Distribution Channel (Hospital Pharmacy, Clinics, Retail Pharmacy, others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
The global stuttering devices market in 2020 is estimated for more than US$ 269.8 Mn and expected to reach a value of US$ 326.2 Mn by 2028 with a significant CAGR of 2.4%.
As per the report, stuttering is a common speech disorder, and approximately 5% of people will stutter during some part of their lives. Stuttering is characterized by speaking with difficulty and repeating words. The growing incidence of the stuttering disorder is one of the major reasons for the growth of the stuttering devices market. The highest incidence is seen in preschool-age children with a cumulative rate of 8.5% by 3 years of age and 11% by 4 years of age.
The prevalence rate for stuttering across all age groups has been found to be 0.72%. As per Data collected by the Centers for Disease Control and Prevention (CDC), the prevalence rate of stuttering is 1.6% for children between 3 and 17 years of age.
Stuttering devices are used to manage to stutter. Studies have shown that stuttering devices can reduce stuttering by 70%. Stuttering devices work either by delaying the speech feedback or shifting the frequency of the pitch. The device is relatively new but it has been proven capable with significant results. The first stuttering device became available in the North America market in 2001. With the help of stuttering devices, stutters can now make public speeches and have smooth conversations without any difficulty.
Furthermore, Meridian Market Consultants (MMC) Study identifies that the latest technological advancements in stuttering devices are expected to push the market growth for the stuttering devices market. Stuttering devices have been available for several years, but available technology has been limited in long-term success and reliability. Scientists are evaluating new technologies such as conduction hearing devices with delayed auditory feedback on adult patients.
These innovative technologies are expected to push the market growth for the stuttering devices market. Recently Janus Development Group Inc. announced the most substantial product improvement in its SpeechEasy stuttering device. The improved device provides a significant reduction in background noise. The market for stuttering devices is highly fragmented with many small local players operating in the market.
Some of the key participating players identified during the study of the global stuttering devices market are Casa Futura Technologies, KayPentax, Janus Development Group Inc., etc. Some of the popular brands of stuttering devices available on the market are SmallTalk DAF/FAF device, SpeechEasy, Brevet, etc.
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