Hearing Screening Diagnostic Devices Market Research Report-Forecast till 2027

Hearing Screening Diagnostic Devices Market Size, Trends and Growth Outlook by Product (OAE/ABR Testing Devices, Audiometers, Immittance Screeners), Age (Newborn Hearing Screening, Others), Indication (Conductive Hearing Loss, Sensorineural Hearing Loss, Combination Hearing Loss), Test (Pure-tone Test, Bone Conduction Test), End-user (Hospital & Clinics, Diagnostic Centers), and Region-Forecast to 2027

ID: MRFR/MED/1041-CR | November 2018 | Region: Global | 185 Pages         

Hearing Screening Diagnostic Devices Market

Hearing Screening Diagnostic Devices Market is expected to register a CAGR of 6.75 % and was valued at USD 2,930.06 Million.

Segmentation

By Product Oae/Abr Testing Devices Audiometers Immittance Screeners
Age Newborn Hearing Screening Others
Indication Conductive Hearing Loss Sensorineural Hearing Loss Combination Hearing Loss
Test Pure Tone Test Bone Conduction Test
End-user Hospital & Clinics Diagnostic Centers

Key Players

  • 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

Drivers

  • Growing geriatric population
  • as well as growing level of awareness
Speak to Analyst Request a Free Sample

Hearing Screening Diagnostic Devices Market Overview:


The Hearing Screening Diagnostic Devices Market is anticipated to witness significant market growth by the forecast period of 2027. It is estimated that the market is going to witness growth at a noteworthy CAGR of 6.50% by the forecast period, as cited above. Hearing screening diagnostic devices market size are obvious to witness significant growth considering that there is demand for the devices, as well as the services associated with the same. Mostly, these devices are meant for testing and in order to evaluate the state of hearing loss  

Significant growth in noise pollution and the hearing loss issues appearing due to the same is considered as the foremost reason behind the growth of Hearing Screening and Diagnostic Devices Market. Additionally, the growing geriatric population, as well as growing level of awareness through the whole range of government programs, as well as promotions of superior hearing screening devices, is also expected to stretch the Hearing Screening and Diagnostic Devices Market majorly by the forecast year of 2027.

 

Growing cases of hearing loss mainly because of ototoxic medications, as well as a whole range of hearing issues, is also the reason for a growing market. Apart from the growth in hereditary disorders, as well as complications associated with births are also expected to fuel the growth of the Hearing Screening Diagnostic Devices Market. Additionally, the quick identification as well the occurrences of programs for hearing loss, specifically in those nations where a number of procedures for hearing screening are more, is expected to boot the Hearing Screening and Diagnostic Devices Market.      

 

COVID-19 Impact Analysis

The global Hearing Screening Diagnostic Devices Market is certainly going to be affected due to coronavirus. It’s due to the social distancing norms imposed, along with lockdowns and shutdowns at different parts of the globe, the market has certainly been affected. Additionally, the effect of lockdown has resulted in a lesser workforce and squeezed means of transportation.

However, being a segment related to health, the international Hearing Screening Diagnostic Devices Market has not been affected as much as it is affected in other segments. Specifically, the contributions from the top players in this domain have been significant during these challenging times, helping the market sustain.  


Hearing Screening Diagnostic Devices Market Dynamics:


Major market drivers:


Incredible technological advancements apart from the growing level of expenses in healthcare are the reason behind the growth of Hearing Screening and Diagnostic Devices Market. At the same time, the growing occurrences of disorders associated with hearing are also the reason behind the growth of the market during the forecast period of 2027.   


Top players in this segment keeping the cost of the devices are also a reason behind the superior growth of Hearing Screening Diagnostic Devices Market. It is apparent that the healthcare sector in developed nations has become way lot advanced, contributing towards the growth Hearing Screening Diagnostic Devices Market. These factors are expected to keep contributing towards growth in forthcoming years as well.


International Market Scope:


Global Hearing Screening and Diagnostic Devices Market shows incredible scope due to the growing demand for OAE testing devices. At the same time, the demand for ABR devices growing is also expected to widen the international neonatal hearing screening market. Growing demand and use of devices like audiometers are also touted as one of the foremost reasons behind the expanding Hearing Screening Diagnostic Devices Market.


Market constraints:


There are constraints associated with all markets. To be specific about neonatal hearing screening devices, the major reason is the lack of awareness. This is one of the prime reasons behind the lesser expansion of the Hearing Screening and Diagnostic Devices Market among the less developed nations. Apart from these, constantly evolving market scenario is also one of the reasons behind the affected growth rate of the market.


Challenges associated:


One of the foremost challenges associated with the global Hearing Screening and Diagnostic Devices Market is to arrange funds for the programs meant for creating awareness. Specifically, the challenge of making the youth mass aware of this is certainly going to affect. Apart from these, sustaining the market amidst COVID 19 pandemics is also one of the prominent challenges.


Overall growth analysis:


Overall Hearing Screening and Diagnostic Devices Market is expected to maintain a significant growth rate during the forecast period, i.e., between 2021 and 2027. It is anticipated to witness growth at a CAGR of 6.2 percent during the forecast period. The market size is anticipated to cross USD 2,935.06 million by the forecast year of 2028. In short, the market won’t be much affected due to Pandemics. A promising performance from key players is the reason that the hearing screening diagnostic devices market size has not got affected much.


Market segmentation:


The global Hearing Screening Diagnostic Devices Market can be segmented in terms of product, test, end-user, and in terms of indication. Growth of the market among these domains can be useful in terms of doing an analysis of the top growth segments associated with the industry. It can help the users understand the crucial market overviews, as well as in exploring the market to take key decisions.


In terms of product:


Hearing screening diagnostic devices market analysis in terms of product can be segmented as OAE testing devices, audiometers, and immittance screeners. Furthermore, the market of Audiometers can be segmented into diagnostic audiometers and screening audiometers. Demand for screening and diagnostic audiometers is expected to stay significant.


On the basis of age:


The global hearing screening diagnostic devices market can be segmented on the basis of age into newborn hearing screening and others.


On the basis of indication segment:


On this basis, the international hearing screening diagnostic devices market is classified into conductive hearing loss, combination hearing loss, sensorineural hearing loss, and others.


On the basis of test:


In terms of tests, hearing screening diagnostic devices market can be further segmented into pure-tone tests, tests of the middle ear, bone conduction test, most comfortable listening test, speech recognition threshold test, speech discrimination test, and uncomfortable loudness level test.


However, the Pure-ton segment can be further classified into visual reinforcement audiometry and conditioned play audiometry. Similarly, the Tests of the middle ear can be segmented further into tympanometry and static acoustic impedance.


On the basis of end-user:


On the basis of end-user, the hearing screening diagnostic devices market can be classified into hospitals and clinics, diagnostic centers, and others.


Hearing Screening Diagnostic Devices Market Regional Analysis:


North America is certainly going to be the most prominent market contributing immensely towards hearing screening and diagnostic devices market share. It’s the growing number of patients that is said to be the reason behind this significant market scenario. Among others, hearing screening and diagnostic devices market revenue in Asia Pacific domain is also expected to remain noteworthy. Growing health infrastructure in these parts of the world is the reason behind the significant growth scenario. Specifically, India and China are going to be the leading players.


Hearing Screening Diagnostic Devices Market Key players:


Global hearing screening device market is going to remain significant mainly because of the stable state of the leading players. The following are certainly the most prominent names among these. They play a major role in keeping the neonatal hearing screening devices market significant.



  • 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


Best part about these market players is that they have been incredible contributors to the market during the challenging COVID-19 periods. Moreover, they are going to remain significant during the forecast period as well helping the overall Hearing screening and diagnostic devices market size remain significant across the world.


Recent Developments


Neonatal Infant growth has witnessed remarkable growth during the forecast period of 2027 due to incredible performance by top players like GE Healthcare.


ENT Devices market is expected to reach a total worth of 22.3 billion dollars by forecast year of 2023 due to huge demand.


Report Overview:


The report provides a comprehensive overview of the global hearing screening device market. Here extensive analysis has been done for the market on both qualitative and quantitative aspects. It provides a thorough insight into the market with proper segmentation. There is thorough insight about the market-facing challenges due to COVID-19 pandemic has been analyzed as well. It identifies the companies expected to hold maximum hearing screening and diagnostic devices market share. On the whole, the report can be useful to obtain clarity about the comprehensive growth of the market.


On the basis of age:



  • Newborn hearing screening 

  • Others


On the basis of indication segment:



  • Conductive hearing loss

  • Combination hearing loss

  • Sensor neural hearing loss

  • Others.


On the basis of test:



  • Pure-tone test,

  • Tests of the middle ear

  • Bone conduction test

  • Most comfortable listening test

  • Speech recognition threshold test

  • Speech discrimination test,

  • Uncomfortable loudness level test.


On the basis of end-user:



  • Hospital and clinics,

  • Diagnostic centers and others



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   2018-2023: 6.50%
  Base Year   2019
  Forecast Period   2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Product, Test, End-User and Indication
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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
  Key Market Opportunities   Incredible technological advancements apart from the growing level of expenses in healthcare are the reason behind the growth of Hearing Screening and Diagnostic Devices Market
  Key Market Drivers   Growing geriatric population, as well as growing level of awareness


Speak to Analyst Ask for Customization

Frequently Asked Questions (FAQ) :

The valuation of the global hearing screening diagnostic devices market is estimated to reach USD 994.98 MN by the end of 2023.

global hearing screening diagnostic devices market is projected to grow at approximately 6.50% CAGR during the assessment period (2018-2023).

Technological advances in hearing screening diagnostic devices, high birth rate and rising concerns for neonatal issues causing hearing loss, and augmenting demand for advanced screening procedures to detect hearing impairment issues at an early stage and take corrective measures are the major tailwinds pushing the growth of the global hearing screening diagnostic devices market.

North America holds the largest share in the global hearing screening diagnostic devices market, followed by Europe and the Asia Pacific, respectively.

Amplivox Limited (UK), Sivantos Pte. Ltd. (Singapore), Otodynamics Ltd. (UK), Intelligent Hearing Systems (US), Inventis srl (Italy), Natus Medical Incorporated (US), Starkey (US), Otometrics (Denmark), IntriCon Corporation (US), MAICO Diagnostics GmbH (Germany), and Accent Hearing Pty Ltd. (Australia), are some of the major players operating in the hearing screening diagnostic devices market.

1    Company Landscape


1.1 Company Share Analysis


Globally, a large number of companies are working in the development and production of hearing screening diagnostic devices. These major companies have adopted extensive research, in order to offer better and cost-effective products. The American and European regions are a hub for major companies, generating maximum market share which has turned these regions into a well-established market. These companies have expanded their operating units in various other regions as well. Moreover, there are various other small and medium scale players that generate revenue from the local market.


Some key players operating in this market are Inventis Srl, Sivantos Pte. Ltd., Amplivox Limited, Intelligent Hearing Systems, Natus Medical Incorporated, Otodynamics Ltd, Starkey, and Accent Hearing Pty Ltd, among others. The below table displays the ranking for the top three companies.


GLOBAL hearing screening diagnostic devices MARKET COMPANY SHARE ANALYSIS, 2017 (%)


GLOBAL HEARING SCREENING DIAGNOSTIC DEVICES MARKET COMPANY SHARE ANALYSIS, 2017 (%)


Source: Directorate of Industries, Expert Interview Market Research Future Analysis, Annual report, White paper, Company Presentation


The above diagram displays the market share generated by companies in the global hearing screening diagnostic devices market. The major part of the market share is accounted by top three companies with 33% share in the global hearing screening diagnostic devices market. The global hearing screening diagnostic devices market is led by Natus Medical Incorporated with 14% of the global market share followed by Inventis Srl with 11%. Amplivox Limited acquired the 3rd position with 8% of the market share and others such as Intelligent Hearing Systems, Otodynamics Ltd, Starkey, and Accent Hearing Pty Ltd accounted for 67% share.


Natus Medical Incorporated. is one of the leading players in the field of newborn hearing screening diagnostic devices market. The firm accounted for over 14% share in 2017. The major reason for its growth is its wide range of services and products in screening, diagnosis, detection, treatment, monitoring, and tracking of common medical ailments in newborn care. The firm offers products through its three strategic business units, namely, Neuro, Newborn care, and Otometrics. Natus acquired Otometrics, a manufacturer of hearing diagnostics and balance assessment equipment, disposables, and software. With this acquisition, Natus has strengthened its position in the hearing screening diagnostic device market.


Inventis srl contributes to approximately 11% of the global hearing screening diagnostic devices market. Inventis srl is a high-tech oriented Italian company that develops and manufactures cutting-edge audiology equipment including, audiometers, middle ear analyzers, and hearing aid fitting solutions, among others. The core team of Inventis has been active for many years in the development, production, sale, and support of medical devices. Lately, Inventis developed a broad product line covering the fields of audiology, video endoscopy, and Phoniatrics, used by a fast-growing number of professionals worldwide.


Amplivox Limited accounted for the third largest spot with 8% of the market share. The firm has a huge geographic presence due to its wide range of products such as manual and automatic screening audiometers, diagnostic audiometers, acoustic booths, electro-acoustic ear simulators, tympanometers, middle ear analyzers, spirometers, portable vision screeners, audio cups, and accessories and consumables. Amplivox Ltd designs and manufactures logical and occupational health products for public and private sector healthcare professionals.


Others accounted for 67% of the market share. Other market players are Intelligent Hearing Systems, Otodynamics Ltd, Starkey, and Accent Hearing Pty Ltd.