The Vocal Cord Paralysis Market is expected to grow at a CAGR 6.4% during the forecast period of 2017-2023.
Worldwide Vocal Cord Paralysis Market Highlights:
Vocal cord paralysis is a condition in which the vocal cords are unable to move on one side (unilateral) or both sides (bilateral). Major causes of vocal cord paralysis includes surgical trauma, malignancies, neurological diseases, strokes, choking and delayed endotracheal intubation. Diseases that result in inflammation of the vocal cords includes Wegener’s granulomatosis, gout, syphilis, sarcoidosis or polychondritis, and tuberculosis Diabetes mellitus may also lead to a neuropathy resulting in vocal cord paralysis.
A number of factors such as technological advancements, increasing awareness among people, increasing government assistance, improvement in regulatory framework, and rising funding and reimbursement are propelling the growth of the global vocal cord paralysis market.
However, challenges in research and development and poor healthcare system in low and middle-income countries may hamper the growth of the market.
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Vocal Cord Paralysis Market Key Players:
Some of key the players in the global vocal cord paralysis market are Medtronic plc (Ireland), Abbott (U.S.), Hoya Corporation (Japan), Olympus Corporation (Japan), KARLSTORZ GmbH & Co (Germany), Acclarent, Inc. (U.S.), Stryker Corporation (U.S.), Smith & Nephew plc (U.K), William Demant Holdings A/S (Denmark), Sonova Holdings AG (Switzerland), Cochlear Limited (Australia), and Others.
Vocal Cord Paralysis Market Segmentation:
The global vocal cord paralysis market is segmented on the basis of type, diagnosis, treatment, and end-user.
On the basis of the type, the market is segmented into unilateral, and bilateral.
On the basis of the diagnosis, the market is classified into endoscopy, laryngeal electromyography (LEMG), corticosteroids, gene therapy, nerve stimulation, stem cell therapy, and other tests. Other tests include X-rays, CT scans, and MRI scans.
On the basis of the treatment, the market is classified as voice therapy, surgery, and others. The surgery is further segmented into a bulk injection, phonosurgery, tracheotomy, nerve muscle implant, cordectomy, and adrytenoidectomy.
On the basis of the end-users, the market is segmented into hospital, clinics, diagnostic centers, and others.
Global Vocal Cord Paralysis Market Regional Analysis:
The Americas dominate the vocal cord paralysis market owing to the rising awareness among people, and high healthcare expenditure. According to the Centers for Disease Control and Prevention in 2015, the total health expenditure in the United States was reported to be USD 3.2 trillion and hospital care accounted for a share of 32.3%.
Europe holds the second position in the vocal cord paralysis market. It is expected that the support provided by the government bodies for research & development and improvement in reimbursement policies in healthcare is likely to drive the market of Europe region.
The Asia Pacific is the fastest growing vocal cord paralysis market owing to a huge patient pool and developing healthcare technology. Healthcare expenditure is also improving in various Asia Pacific countries. According to the Australian Institute of Health and Welfare in the years 2015-2016, the total health expenditure was USD 170.4 billion, which is 3.6% higher than the expenditure of 2014-2015.
The Middle East & Africa holds the lowest market due to lack of technical knowledge and poor medical facilities.
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Major TOC Vocal Cord Paralysis Market:
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions & Limitations
1.3 Market Structure
2 SCOPE OF STUDY
2.1 Research Objective
2.2 Assumptions & Limitations
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