Global Hearing Screening Diagnostic Devices Market, By Product (OAE/ABR Testing Devices, Audiometers, Immittance Screeners), Age (Newborn Hearing Screening, Others), Indication (Conductive Hearing Loss, Sensorineural Hearing Loss, Combination Hearing Loss, Others), Test (Pure-tone Test, Bone Conduction Test, Tests of the Middle Ear, Speech Discrimination Test, Speech Recognition Threshold Test, Most Comfortable Listening Test, Uncomfortable Loudness Level Test), End User (Hospital and Clinics, Diagnostic Centers, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
The hearing screening diagnostic devices market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 2,935.06 million by 2028 and will grow at a CAGR of 6.20% in the above mentioned forecast period.
The hearing screening diagnostic devices consists of the hearing diagnostic devices and related service. These devices are largely used for testing and evaluating hearing loss.
The rapid rise in noise pollution leading to hearing loss is amongst the significant factors expected to fuel the growth and demand of hearing screening diagnostic devices market. In addition, the rise in geriatric population and rise in awareness with the initiation of different governmental programs and endorsement for advanced hearing screening diagnostics devices are also anticipated to push the growth in the global hearing screening diagnostic devices market over the forecast period of 2021 to 2028. Likewise, the increase in the prevalence of hearing loss is due to ototoxic medications, hearing diseases, hereditary disorders and birth complications are also projected to lift the growth of the market. Furthermore, the early identification and intrusion of hearing loss programs in countries with large number of hearing screening procedures are also expected to act as significant factors which will flourish the growth of the hearing screening diagnostic devices market.
The rapid technological advancements, rise in healthcare expenditure and the high prevalence of hearing disorders and losses are expected to offer significant growth opportunities for the hearing screening diagnostic devices market in the forecast period of 2021 to 2028.
However, the high cost of treatment and implants as well as the lack of awareness are estimated to limit the growth of the hearing screening diagnostic devices market, whereas, the lack of proper infrastructure and healthcare services can challenge the growth of the hearing screening diagnostic devices market.
This hearing screening diagnostic devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on hearing screening diagnostic devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Hearing Screening Diagnostic Devices Market Scope and Market Size
The hearing screening diagnostic devices market is segmented on the basis of product, age, indication, test and end user. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the hearing screening diagnostic devices market is segmented into OAE/ABR testing devices, audiometers and immittance screeners. Audiometers have further been segmented into diagnostic audiometers and screening audiometers.
- The hearing screening diagnostic devices market can is segmented on the basis of age into newborn hearing screening and others.
- The indication segment of the hearing screening diagnostic devices market is segmented into conductive hearing loss, sensorineural hearing loss, combination hearing loss and others.
- Based on test, the hearing screening diagnostic devices market is segmented into pure-tone test, bone conduction test, tests of the middle ear, speech discrimination test, speech recognition threshold test, most comfortable listening test and uncomfortable loudness level test. Pure-tone test has further been segmented into visual reinforcement audiometry and conditioned play audiometry. Tests of the middle ear have further been segmented into tympanometry and static acoustic impedance.
- Based on end user, the hearing screening diagnostic devices market is segmented into hospital and clinics, diagnostic centers and others.
Hearing Screening Diagnostic Devices Market Country Level Analysis
The hearing screening diagnostic devices market is analyzed and market size insights and trends are provided by country, product, age, indication, test and end user as referenced above.
The countries covered in the hearing screening diagnostic devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region leads the hearing screening diagnostic devices market owing to the presence of large number of patients as well as the rapid rise in the healthcare costs. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rapid improvement in healthcare infrastructure and the presence of large patient pool in emerging economies.
The country section of the hearing screening diagnostic devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The hearing screening diagnostic devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for hearing screening diagnostic devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the hearing screening diagnostic devices market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Hearing Screening Diagnostic Devices Market Share Analysis
The hearing screening diagnostic devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to hearing screening diagnostic devices market.
The major players covered in the hearing screening diagnostic devices market report are amplivox, Otodynamics Ltd., INVENTIS SRL, Intelligent Hearing Systems Corp., Natus Medical Incorporated, Sivantos Pte. Ltd., Starkey, Accent Hearing, MAICO Diagnostics, Intricon Corporation, Demant A/S, Welch Allyn, PATH MEDICAL GmbH,Vivosonic Inc.,Echodia, 3M, Medtronic, Karl Storz SE & Co. KG, Stryker and Sonova among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.