Market Scenario
The Hearing Screening Diagnostic Devices Market overview by analysis, by product, by age, test, end-user, and Region-Forecast to 2030
The
global hearing screening and diagnostic devices market is presumed to exhibit a
CAGR of 7.40 % during the forecast period (2022-2030) owing to the growing
geriatric population, asserts Market Research Future (MRFR). Hearing screening
and diagnostic devices are the instruments used to treat deafness. Hearing loss
can arise from non-heredity factors and heredity factors due to certain
complications at the time of childbirth or pregnancy. Chronic ear infections,
meningitis or measles can cause hearing impairment.
Drivers and Constraints
Impacting the Market
The
increasing level of noise pollution has affected the global population to a
great extent. Loud music systems during any festive occasion along with noise
created by the traffic are major causes of hearing loss. Factors such as
growing geriatric population, increasing patient pool due to birth complications,
ear infections, and genetic disorders are propelling the market growth during
the assessment period. Besides, government funding in clinical research and
continuous technological developments in medical devices are further driving
the market. For instance, the advent of cochlear implants has brought
revolution in the hearing screening and diagnostic devices. The use of hearing
screening and diagnostic devices has gained importance due to its potential to
improve the quality of life.
On
the flip side, unavailability of proper healthcare infrastructure and
unaffordability of such devices in the middle-income countries are considered
to impact the market negatively. Moreover, lack of awareness about the disease
and high cost of the implant devices are likely to retard the growth of the
market in the coming years.
Global Hearing Screening
and Diagnostic Devices Market: Segmental Analysis
The
global hearing screening and diagnostic devices market has been segmented on
the basis of product, test, indication, and region.
By
mode of product, the global hearing screening and diagnostic devices market is segmented into audiometric examination
devices, screening devices, and others. Audiometric examination devices are
sub-segmented into screening audiometer and diagnostic audiometer. Screening
devices are further sub-segmented into screening audiometers, OAE/ABR testing
devices, immittance screeners, and others.
By
mode of test, the global hearing
screening and diagnostic devices market is
segmented into speech discrimination test, speech reception threshold
test (SRT), test for middle ear, most comfortable listening level test (MCL),
uncomfortable loudness level test (UCL), pure-tone test, bone conduction test,
and others. Among these, the test for middle
ear is further sub-segmented into tympanometry tests, static acoustic
impedance, and acoustic reflex measures. Pure-tone test is sub-segmented into
conditioned play audiometry and visual
reinforcement audiometry.
By
mode of indication, the global hearing screening and diagnostic devices market
has been segmented into sensorineural hearing loss, conductive hearing
loss, combination hearing loss, and others.
By
mode of end-users, the global hearing screening and diagnostic devices market
has been segmented into personal use,
hospitals and clinics, and ambulatory care settings.
Regional Insights
Geographically,
the hearing screening and diagnostic devices market
outlook span across
regions namely, Asia Pacific, Europe, America, and the Middle East and Africa.
Among
all the regions, the American region accounts for the largest market share
owing to the growing patient population with hearing impairment. For instance,
as per the National Institute on Deafness
and Other Communication Disorders, around 15 % of the adults in America aged 18
and above report trouble in hearing. Moreover, the availability of advanced healthcare facilities and awareness about
good health is driving the market in this region. With the increased funding for research, rising
government initiatives, growing awareness associated with the adverse effects
of ear infection, and rising newborn screening for hearing impairment issues
are likely to accelerate the market growth in this region.
Europe is anticipated to be the second largest market and is expected to hold a healthy share in the global market owing to the
established healthcare infrastructure, availability of advanced treatment
facilities, and growing patient pool. Also, increasing funding for R&D
activities is likely to propel the market growth in this region.
Asia Pacific
is considered to be the fastest growing market owing to the growing prevalence
of acquired diseases and an increasing
number of infants with hearing impairments. Additionally, changing lifestyle,
increasing expenditure on healthcare, and technological advancements in medical
science are some of the major factors augmenting the market growth in this
region.
Hearing
Screening Diagnostic Devices Market Key players:
The
hearing screening device market player 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.
Industry News
March
03, 2018: Cochlear Limited, a leading global company for implantable hearing
solutions, has recently announced joining forces with the WHO and international
hearing care community members to raise awareness regarding hearing loss on
World Hearing Day. The cost-effective actions reinforced by WHO & Cochlear
jointly comprised identification of hearing loss early through screening of
new-born, adults and school children and spreading the awareness about the
importance of early diagnosis.
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