Global Hearing Screening Diagnostic Devices Market is expected to exhibit a 6.50% CAGR, on the basis of value, from 2018 to 2023 (forecast period), as per the latest report by Market Research Future (MRFR).
Market Outlook:
Market Research Future (MRFR) has announced a new release on the global hearing screening diagnostic devices market. The report presents a comprehensive overview of the market’s present conditions and likely future growth trajectory on the basis of an extensive analysis of the market’s historical growth trajectory and major factors affecting the market’s movement.
Demand for advanced screening procedures to detect this at an early stage and take corrective measures is one of the drivers of the hearing screening diagnostic devices market.
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Hearing screening diagnostic devices are used to check for hearing problems and to assess the risk of hearing loss. These tests serve as an advance warning of auditory damage and hearing loss and thus play a key role in caring for people at risk of hearing loss.
Competitive Analysis:
Leading players in the global hearing screening diagnostic devices market include Sivantos Pte. Ltd., Otodynamics Ltd., Intelligent Hearing Systems, Otometrics, IntriCon Corporation, MAICO Diagnostics GmbH, Accent Hearing Pty Ltd., Starkey, Natus Medical Incorporated, Inventis SRL, and Amplivox Limited.
Segmentation:
The global hearing screening diagnostic devices market is segmented on the basis of age, test type, indication, product, end use, and region.
Product
- OAE/ABR Testing Devices
- Audiometers
- Diagnostic Audiometers
- Screening Audiometers
- Immittance Screeners
Age
- Newborn Hearing Screening
- Others
Indication
- Conductive Hearing Loss
- Sensorineural Hearing Loss
- Combination Hearing Loss
- Others
Test
- Pure-tone Test
- Visual Reinforcement Audiometry
- Conditioned Play Audiometry
- Bone Conduction Test
- Tests of the Middle Ear
- Tympanometry
- Static Acoustic Impedance
- Speech Discrimination Test
- Speech Recognition Threshold Test
- Most Comfortable Listening (MCL) Test
- Uncomfortable Loudness Level (UCL) Test
By end use, the global hearing screening diagnostic devices market is segmented into hospitals & clinics and diagnostic centers.
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The rising levels of noise pollution, especially in urban and industrial centers, are also likely to contribute to the growing demand from the global hearing screening diagnostic devices market over the forecast period. The rising population, especially in emerging regions, and increasing vehicular traffic are likely to drive the noise pollution levels up over the next few years, thus driving the need for hearing screening diagnostic devices.
Regional Analysis:
The global hearing screening diagnostic devices market is segmented by region into the Americas, Europe, Asia Pacific, and the Middle East and Africa.
The Americas is likely to be the major regional market for hearing screening diagnostic devices over the forecast period due to the widespread availability of advanced hearing screening technology, the high spending capacity of patients in the region, and the growing geriatric population in the region. North America and the U.S. are likely to dominate the Americas market in the coming years. The presence of several leading players in the hearing screening diagnostic devices market has also helped the market spread its legs in this region. Europe holds the second position in the global hearing screening diagnostic devices market due to the strong government support to the healthcare sector and the rising number of patients suffering from auditory issues. Asia Pacific is also likely to exhibit notable growth over the forecast period to emerge as a key player in the global hearing screening diagnostic devices market.
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As people age, they naturally encounter issues with their hearing due to a natural reduction in the ability of the auditory muscles and other components. This has driven the demand for effective hearing aids as well as hearing screening and diagnostic tests to diagnose the condition in time. This is likely to remain a key driver for the global hearing screening diagnostic devices market over the forecast period.
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