2020-2027 Analysis and Review 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
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.
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?
Report gist?
The study includes the profiles of major market players with a significant global and regional presence along with top company positioning
Significant customers?
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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