The latest market report published by Credence Research, Inc. “Hearing Screening and Diagnostic Devices Market – Growth, Future Prospects, Competitive Analysis, 2017 – 2025,” the global hearing screening and diagnostic devices market is expanding at a CAGR of 5.42 % from 2017 to 2025.
The purpose of the report is to illustrate the state of the market of Hearing Screening and Diagnostic Devices, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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Market Insights
Genetic causes accounts for more than 50 % of the cause of hearing loss, either as syndromic or non syndromic. Genetic syndromic is linked to autosomal recessive, autosomal dominant, or x-linked. Non syndromic cause is 66 % greater than syndromic cause. Recreational exposure to loud music for prolonged period of times results in hearing loss. The social impact of hearing loss is huge in developing countries where suffering children’s do not gain proper schooling. Severe infection of measles, mumps, meningitis and cytomegalovirus are found to cause deafness.
Tympanometry test are conducted in patients to perform complete diagnosis of the middle ear in otitis media infection and detection of perforation in eardrums due to severe ear trauma. Bone conduction test and pure tone test are performed to gain the final confirmation of the cause of hearing loss on the basis of comparison of their results.
Conductive hearing loss is most prevalent ear complications on account of increasing number of people suffering with otosclerosis and cerumen impaction. Sensorineural hearing loss is rapidly occurring in the urban areas due to rising noise pollution and people suffering with presbycusis.
Rising prevalence of hearing loss and domicile of developed diagnostic centers make North America as market arch leader in the hearing screening and diagnostic devices regional segment. Asian Pacific market is thriving on account of increasing geriatric population with hearing complications and domestic players competing with major players to dominate the hearing screening and diagnostic devices.
The major players in hearing screening and diagnostic devices market are Siemens Healthcare GmbH, Accent Hearing Pty, Ltd., GN Otometrics, Interacoustics A/S, IntriCon Corporation, MAICO Diagnostics GmbH, Nashua Hearing Group, Natus Medical Incorporated, Neurosoft and OTODYNAMICS Ltd.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Hearing Screening and Diagnostic Devices buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Hearing Screening and Diagnostic Devices contains:
Analysis and forecast of Hearing Screening and Diagnostic Devices market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Hearing Screening and Diagnostic Devices market;
Assessment and forecast of Hearing Screening and Diagnostic Devices market development;
Financial and business profiles of the leading companies in the Hearing Screening and Diagnostic Devices industry.
Scope
– Up to date working Hearing Screening and Diagnostic Devices data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Hearing Screening and Diagnostic Devices for the period 2018 to 2026
– Planned Hearing Screening and Diagnostic Devices additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Hearing Screening and Diagnostic Devices projects by region, key countries, and companies
– Details of major planned Hearing Screening and Diagnostic Devices projects in the world up to 2026
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