Global Hearing Screening and Diagnostic Devices Market Size Analysis, 2019-2028
| REPORT ID: BKR1064 | Domain: Medical Devices | Published Date: August 2019 |
| Pages: 295+ | Format: PDF |
Hearing Screening and Diagnostic Devices Market size is estimated to be valued over US$ 507 million in 2019 and will register growth rate of 5.8% CAGR between 2019 and 2028. This accounted for 3.3% of total ENT devices market size. The industry is driven by continuous product innovation and regulations including favorable reimbursement policies. Changing lifestyle, increased usage of loudspeakers and earphones along with hereditary and non-hereditary conditions has led to rise in hearing impairment cases. This has created favorable ecosystem to overall hearing systems product including screening diagnostic devices.
The industry is highly consolidated with top two players accounting for 68% of global hearing screening and diagnostics devices market. Well distribution channels and higher emphasis on marketing campaign are key factors driving the sales of major companies. Moreover, these companies operate through a range of subsidiaries to meet custom/specific demands of end-users.
Key Trends and Factors Driving Hearing Screening and Diagnostic Devices Market Demand:
- Major players adopt direct distribution channel to ensure long term market capitalization and efficient management of products and services. For instance, Natus Medical operates through direct distribution in North America, Australia, China, France, UK, NORDIC, Italy, and Germany to name a few. However, the company reaches potential customers in developing regions through third party channels.
- Companies are adopting inorganic strategy in order to capture large chunk of addressable market and technological competence. Recently, in 2017, Natus Medical Incorporated acquired GN Otometrics. GN Otometrics holds considerable market share in hearing diagnostic devices. Acquisition is expected to help Natus gain higher market position in Europe.
- Rise in number of hearing impairment cases will boost screening devices demand. Every year, adults report some kind of hearing loss. As per the estimates, some 16% of adults reported hearing loss in United States. The trend is more or less similar worldwide. Regular checkup is required. ASHA (American Speech Language Hearing Association) recommends adults to have hearing checked at least once every 10 years till the age of 50 years. Level of awareness has increased among people, as a result, majority of them have regular health checkups. Medical device installations including hearing diagnostic instruments is common across hospitals.
- Increasing geriatrics population will further boost the demand for hearing screening devices market globally. Geriatric population are advised to have hearing screening every 3 years. Substantial rise in aging population especially in Asia Pacific will create large addressable market for industry players.
Global Hearing Screening and Diagnostic Devices Market Size, Analysis across Segments:
- On the basis of products, the industry revenue is analyzed across audiometers, auditory brainstem response analyzers, tympanometers, otoacoustic emissions analyzers, otoscopes. Among these, audiometers accounted for the highest share in 2018. Sales is expected to register upward trajectory growth throughout the forecast period.
- On the basis of distribution channel, world hearing diagnostic instruments market revenue is analyzed across hospitals, ENT clinics, ambulatory surgical centers, and community welfare centers. Among these, hospitals accounted for the largest share in 2018.
Global Hearing Screening and Diagnostic Devices Market Size, Regional Analysis:
North America accounted for 59% of global hearing screening devices market share in 2018. Contrary to rest of the world, end-users (population) spends considerably higher amount on health factors. Regular checkups and visit to healthcare personnel is quite common in the region. As per the estimates, over 15% of North America adults reported to have some kind of hearing impairment. Relatively higher percent of population offers market opportunity for industry players in the region. The market is highly saturated. As a result, companies primarily operates through direct distribution networks in order to reach and understand consumer perception.
Global Hearing Screening and Diagnostic Devices Market Size, Competition Landscape:
Some of the key industry players covered in the report are:
- William Demant Holding
- Natus Medical Incorporated
- Auditdata
- Rion
What Will You Discover in the Report?
- An in-depth analysis of the Apheresis Equipment market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
- How the Apheresis Equipment market sales is expected to grow throughout the forecast period.
- How geopolitical policies and technological changes will affect the Apheresis Equipment market in near future
- Where the stakeholders should invest to generate higher profit margins
- How consumers (end-users) will reflect to the Apheresis Equipment industry during the forecast period
- Who are the Apheresis Equipment industry leaders and what are the key initiatives taken by them for long term growth
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Hearing Screening and Diagnostic Devices Market Research Scope
- Report Structure
- Executive Summary
- Research Methodology
- Hearing Screening and Diagnostic Devices Market
- Market Outlook and Forecast
- Growth Forecast Analysis Scenario
- Hearing Devices Market (Parent Market Overview)
- Out of Pocket Spending Analysis, (By Selected Countries)
- Value Chain Analysis
- Global Hearing Screening and Diagnostic Devices Market Overview
- Global Hearing Screening and Diagnostic Market Size, 2018-2028
- Growth Analysis, 2019-2028 (%)
- Key Industry Players
- Hearing Screening and Diagnostic Devices Market Dynamics
- Market Drivers
- Demand Side Drivers
- Supply Side Drivers
- Macroeconomic Drivers
- Market Challenges
- Industry Trends
- Market Opportunities
- Marketed Details
- Porters Analysis
- PESTLE Analysis
- Market Investment Proposition
- Key Developments and Mergers and Acquisitions
- Market Drivers
- Hearing Screening and Diagnostic Devices Pricing Dynamics
- Pricing Trends
- Hearing Screening and Diagnostic Devices Market, By Product
- Introduction and Key Trends
- Market Share Analysis, 2019 and 2028, (%)
- Audiometers
- Market Value Forecast, 2018-2028, (US$ Million)
- Y-o-Y Growth Analysis, 2019-2028, (%)
- Incremental Revenue Opportunity, 2019-2028
- Auditory Brainstem Response Analyzers
- Market Value Forecast, 2018-2028, (US$ Million)
- Y-o-Y Growth Analysis, 2019-2028, (%)
- Incremental Revenue Opportunity, 2019-2028
- Tympanometers
- Market Value Forecast, 2018-2028, (US$ Million)
- Y-o-Y Growth Analysis, 2019-2028, (%)
- Incremental Revenue Opportunity, 2019-2028
- Otoacoustic Emissions Analyzers
- Market Value Forecast, 2018-2028, (US$ Million)
- Y-o-Y Growth Analysis, 2019-2028, (%)
- Incremental Revenue Opportunity, 2019-2028
- Otoscopes
- Market Value Forecast, 2018-2028, (US$ Million)
- Y-o-Y Growth Analysis, 2019-2028, (%)
- Incremental Revenue Opportunity, 2019-2028
- Hearing Screening and Diagnostic Devices Market, By Distribution Channel
- Introduction and Key Trends
- Market Share Analysis, 2019 and 2028, (%)
- Hospitals
- Market Value Forecast, 2018-2028, (US$ Million)
- Y-o-Y Growth Analysis, 2019-2028, (%)
- Incremental Revenue Opportunity, 2019-2028
- ENT Clinics
- Market Value Forecast, 2018-2028, (US$ Million)
- Y-o-Y Growth Analysis, 2019-2028, (%)
- Incremental Revenue Opportunity, 2019-2028
- Ambulatory Surgical Centers
- Market Value Forecast, 2018-2028, (US$ Million)
- Y-o-Y Growth Analysis, 2019-2028, (%)
- Incremental Revenue Opportunity, 2019-2028
- Community Welfare Centers
- Market Value Forecast, 2018-2028, (US$ Million)
- Y-o-Y Growth Analysis, 2019-2028, (%)
- Incremental Revenue Opportunity, 2019-2028
- Hearing Screening and Diagnostic Devices Market, By Distribution Channel
- Introduction
- Regional Trends
- Regional Market Share Analysis, 2019 and 2028, (%)
- Industry Value Proposition Analysis
- Comparative Ranking Analysis, By Segments
- Key Developments
- Market Attractiveness Analysis
- North America Hearing Screening and Diagnostic Devices Market Size and Share Analysis, 2018-2028
- Introduction
- Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Product
- Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Distribution Channel
- Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Country
- United States
- Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
- United States Hearing Screening and Diagnostic Devices Market Analysis, Across Segments (By Product, By Distribution)
- Canada
- Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
- Canada Hearing Screening and Diagnostic Devices Market Analysis, Across Segments (By Product, By Distribution)
- United States
- Western Europe Hearing Screening and Diagnostic Devices Market Size and Share Analysis, 2018-2028
- Introduction
- Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Product
- Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Distribution Channel
- Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Country
- Germany
- Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
- Germany Hearing Screening and Diagnostic Devices Market Analysis, Across Segments (By Product, By Distribution)
- United Kingdom
- Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
- United Kingdom Hearing Screening and Diagnostic Devices Market Analysis, Across Segments (By Product, By Distribution)
- France
- Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
- France Hearing Screening and Diagnostic Devices Market Analysis, Across Segments (By Product, By Distribution)
- Italy
- Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
- Italy Hearing Screening and Diagnostic Devices Market Analysis, Across Segments (By Product, By Distribution)
- BENELUX
- Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
- BENELUX Hearing Screening and Diagnostic Devices Market Analysis, Across Segments (By Product, By Distribution)
- NORDIC
- Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
- NORDIC Hearing Screening and Diagnostic Devices Market Analysis, Across Segments (By Product, By Distribution)
- Rest of Western Europe
- Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
- Rest of Western Europe Hearing Screening and Diagnostic Devices Market Analysis, Across Segments (By Product, By Distribution)
- Germany
- Central and Eastern Europe (CEE) Hearing Screening and Diagnostic Devices Market Size and Share Analysis, 2018-2028
- Introduction
- Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Product
- Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Distribution Channel
- Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Country
- Russia
- Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
- Russia Hearing Screening and Diagnostic Devices Market Analysis, Across Segments (By Product, By Distribution)
- Poland
- Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
- Poland Hearing Screening and Diagnostic Devices Market Analysis, Across Segments (By Product, By Distribution)
- Ukraine
- Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
- Ukraine Hearing Screening and Diagnostic Devices Market Analysis, Across Segments (By Product, By Distribution)
- Rest of CEE
- Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
- Rest of CEE Hearing Screening and Diagnostic Devices Market Analysis, Across Segments (By Product, By Distribution)
- Russia
- Asia Pacific Hearing Screening and Diagnostic Devices Market Size and Share Analysis, 2018-2028
- Introduction
- Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Product
- Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Distribution Channel
- Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Country
- China
- Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
- China Hearing Screening and Diagnostic Devices Market Analysis, Across Segments (By Product, By Distribution)
- India
- Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
- India Hearing Screening and Diagnostic Devices Market Analysis, Across Segments (By Product, By Distribution)
- Japan
- Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
- Japan Hearing Screening and Diagnostic Devices Market Analysis, Across Segments (By Product, By Distribution)
- ASEAN
- Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
- ASEAN Hearing Screening and Diagnostic Devices Market Analysis, Across Segments (By Product, By Distribution)
- Australia and New Zealand (ANZ)
- Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
- ANZ Hearing Screening and Diagnostic Devices Market Analysis, Across Segments (By Product, By Distribution)
- South Korea
- Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
- South Korea Hearing Screening and Diagnostic Devices Market Analysis, Across Segments (By Product, By Distribution)
- Rest of Asia Pacific
- Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
- Rest of Asia Pacific Hearing Screening and Diagnostic Devices Market Analysis, Across Segments (By Product, By Distribution)
- China
- Latin America Hearing Screening and Diagnostic Devices Market Size and Share Analysis, 2018-2028
- Introduction
- Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Product
- Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Distribution Channel
- Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Country
- Brazil
- Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
- Brazil Hearing Screening and Diagnostic Devices Market Analysis, Across Segments (By Product, By Distribution)
- Mexico
- Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
- Mexico Hearing Screening and Diagnostic Devices Market Analysis, Across Segments (By Product, By Distribution)
- Argentina
- Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
- Argentina Hearing Screening and Diagnostic Devices Market Analysis, Across Segments (By Product, By Distribution)
- Rest of Latin America
- Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
- Rest of Latin America Hearing Screening and Diagnostic Devices Market Analysis, Across Segments (By Product, By Distribution)
- Brazil
- Middle East Hearing Screening and Diagnostic Devices Market Size and Share Analysis, 2018-2028
- Introduction
- Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Product
- Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Distribution Channel
- Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Country
- GCC
- Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
- GCC Hearing Screening and Diagnostic Devices Market Analysis, Across Segments (By Product, By Distribution)
- Rest of Middle East
- Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
- Rest of Middle East Hearing Screening and Diagnostic Devices Market Analysis, Across Segments (By Product, By Distribution)
- GCC
- Africa Hearing Screening and Diagnostic Devices Market Size and Share Analysis, 2018-2028
- Introduction
- Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Product
- Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Distribution Channel
- Market Value (US$ Million) Forecast and Y-o-Y Growth (%), By Country
- South Africa
- Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
- South Africa Hearing Screening and Diagnostic Devices Market Analysis, Across Segments (By Product, By Distribution)
- Central Africa
- Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
- Central Africa East Hearing Screening and Diagnostic Devices Market Analysis, Across Segments (By Product, By Distribution)
- North Africa
- Market Size (US$ Million) Forecast and Y-o-Y Growth (%), 2018-2028
- North Africa Hearing Screening and Diagnostic Devices Market Analysis, Across Segments (By Product, By Distribution)
- South Africa
- Company Landscape: Hearing Screening and Diagnostic Devices Industry
- Competition Dashboard
- Company Market Positioning, 2018
- Key Industry Players Across Regions
- Distribution Channel Matrix
- Company Profiles
- William Demant Holding
- Company Overview
- Regional Presence Assessment
- Key Offerings
- Key Developments
- Business Strategy
- Product Level Strategy
- Go-to-Market Level Strategy
- Regional Level Strategy
- SWOT Analysis
- Natus Medical Incorporated
- Company Overview
- Regional Presence Assessment
- Key Offerings
- Key Developments
- Business Strategy
- Product Level Strategy
- Go-to-Market Level Strategy
- Regional Level Strategy
- SWOT Analysis
- Auditdata
- Company Overview
- Regional Presence Assessment
- Key Offerings
- Key Developments
- Business Strategy
- Product Level Strategy
- Go-to-Market Level Strategy
- Regional Level Strategy
- SWOT Analysis
- Rion
- Company Overview
- Regional Presence Assessment
- Key Offerings
- Key Developments
- Business Strategy
- Product Level Strategy
- Go-to-Market Level Strategy
- Regional Level Strategy
- SWOT Analysis
- William Demant Holding
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