ID: MRFR/MED/1041-CR | 185 Pages | Published By Rahul Gotadki on November 2018
Hearing Screening Diagnostic Devices Market is expected to register a CAGR of 7.40% and was valued at USD 9,200 Million.
$9,200 Million
7.40%
North America
2022-2030
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. Â
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.  Â
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.
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:
On the basis of indication segment:
On the basis of test:
On the basis of end-user:
Report Attribute/Metric | Details |
---|---|
Market Size | USD 9,200 Million |
CAGR | 7.40% |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2020 |
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 |
The valuation of the global hearing screening diagnostic devices market is estimated to reach USD 9,200 Million by the end of 2030.
global hearing screening diagnostic devices market is projected to grow at approximately 7.40% CAGR during the assessment period (2022-2030).
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.