2020-2027 Analysis and Review Audiometric Screening Equipment Market

Audiometric Screening Equipment Market

Audiometric Screening Equipment Market By Indication (Conductive Hearing Loss, Sensorineural Hearing Loss and Others), By End Users (Hospitals and Specialty Clinics) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2027

28-05-2020 REP-HC-5099 40 Tables 110 pages Format

The audiometric screening equipment market was valued at USD 574.8 Mn by 2019. Rising prevalence of otosclerosis and presbycusis worldwide primarily drive the audiometric screening testing market growth. Furthermore, a constant rise in the neonates born with congenital hearing defects will further propel the market growth.

Audiometric Screening Equipment Market

Disability of hearing is considered when the hearing loss is more than 40 decibels in the adult population and more than 30 decibels in the children population throughout the globe. Anatomically the ear is divided as external middle and the inner ear, the price understanding of this anatomy is necessary to conduct accurate screening and determine the kind of hearing loss. According to the statistics provided by the World Health Organization (WHO), approximately 466 million people around the world are suffering from hearing disability. It creates a huge negative social impact in children suffering from hearing loss at an early age which affects their learning ability and communication skills severely.

The major segments related to the audiometric screening equipment market are: 

By Indication (2017–2027; US$ Mn)

Conductive Hearing Loss

Sensorineural Hearing Loss

Others

By End Users (2017–2027; US$ Mn)

Hospitals

Specialty Clinics

Geography Segment (2017–2027; US$ Mn)

North America

U.S.
Canada

Europe

United Kingdom
Germany
Russia
France
Italy
Spain
Ukraine
Rest of Europe

Asia Pacific

China
Japan
Rest of Asia Pacific

Latin America (LATAM)

Brazil
Mexico
Rest of Latin America

Middle East and Africa (MEA)

GCC
Rest of MEA 

Justification for study?

  • The intention of the study is to give a comprehensive outlook of the global audiometric screening equipment market
  • The overall segmentation of the audiometric screening equipment market, by indication, end-users and geography are minutely studied. Conductive hearing loss and hospitals are dominating the indication and end-user segments respectively
  • Rising prevalence of otosclerosis in the adult population worldwide
  • Significant increase in the number of neonates suffering from congenital hearing defects further accentuate the market growth

Report gist?

  • The study of the global audiometric screening equipment market includes qualitative analysis of factors such as drivers, restraints, and opportunities
  • The report covers the qualitative and quantitative analysis of the overall market segmented on the basis of indication and end-users and categorization of the same at the geography level
  • This research report presents the analysis of each segment from 2017 to 2027 in which 2019 is considered as the base year. The compounded annual growth rate is calculated for the respective segments from 2020 to 2027

The study includes the profiles of major market players with a significant global and regional presence along with top company positioning 

Significant customers?

  • This study is suitable for industry participants and stakeholders in the medical device manufacturers actively engaged in the production and marketing of audiometric screening equipment due to the  rising prevalence of otosclerosis in the adult population worldwide
  • The report will benefit physicians engaged in the early screening of congenital hearing defects in children throughout the globe
  • Managers with financial institutions looking to publish recent and forecasted statistics pertaining to audiometric screening equipment market
  • Financial institutions, venture capitalist, analysts, investors, government organizations, policymakers, regulatory authorities, researchers, looking for insights into the market to determine future strategies 

Segment Analysis

In the present scenario, conductive hearing loss is representing the largest market share in the indication segment for audiometric screening equipment. It occurs when the sound is prevented from traveling to the eardrums. The key factors responsible for its occurrence can be anatomical defects or earwax in the outer ear canal. Clinical studies have revealed that repeated episodes of otitis media infection are associated with the disease etiology. Sensorineural hearing loss is anticipated to be the fastest-growing indication segment for the audiometric screening equipment market. The chief causative agents associated with this medical condition are listening to loud noise or explosion, blow to the head, aging, etc.

Hospitals are currently reigning the end-user segment for audiometric screening equipment market growth. Proactive government initiatives in providing audiometric equipment for screening the hearing defects in the adult population primarily drives its market growth. Specialty clinics are garnering impressive market growth in the last 2 decades on account of the rising prevalence of congenital hearing loss in neonates and increasing public health awareness regarding ear diseases resulting in early screening and treatment.

North America is the supreme leader in the geography segment for the audiometric screening equipment market. According to the latest information provided by the American Speech-Language-Hearing Association (ASHA), 1 in 8 people about 12 years old suffers from a hearing deficiency in the United States. Furthermore, clinical research studies have elucidated that approximately 30 million people in the United States suffer from hearing disability. The presence of major players such as MAICO Diagnostics, Vivosonic, Inc., Natus Medical Incorporated., etc. further bolsters the market growth in the region. Europe is placed second in the regional segment owing to the rising prevalence of otosclerosis in the adult population. The Asia Pacific is anticipated to be the fastest-growing segment in the near future on account of a significant increase of congenital hearing loss in children and competitive market faced by the western giants by emerging local players to determine the audiometric screening equipment market growth in the region.

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