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Hearing Screening and Diagnostic Devices Market 2018 Pronounce Overwhelming Growth Rate by 2027; Asserts MRFR

Market Research Future published a Half-Cooked research report on “Global Hearing Screening And Diagnostic Devices Market Research Report - Forecast to 2023”– Market Analysis, Scope, Trends and Forecast to 2027
Published 08 February 2018

The Global Hearing Screening and Diagnostic Devices Market provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- Americas, Europe, Asia-Pacific, and Middle East & Africa.

Hearing loss is a partial or total impairment of the ability to hear. It is also known as hearing impairment. Hearing loss can arise from hereditary as well as non-hereditary factors or due to certain complications during childbirth or pregnancy. Acquired causes of hearing loss may include infectious diseases such as meningitis, measles or other chronic ear infections. The global hearing screening and diagnostic devices market is majorly driven by increasing geriatric population, rise in the number of cases of deafness due to increasing levels of noise pollution along with ear infections, birth complications and genetic disorders. According to the National Institute on Deafness and Other Communication Disorders, (2015), approximately 15% of American adults (37.5 million) aged 18 and over report some trouble hearing. Furthermore, continuous technological advancements in medical devices has fuelled the growth of the market. However, high cost of the devices may hamper the market growth.

The hearing screening and diagnostic devices is driven by changing trends. Recently there has been an increase in the demand for these devices. During last few years, there is an introduction of a number of different advanced and latest devices. Introduction of the cochlear implants has bring the revolution in the hearing screening and diagnostic devices. The use of hearing screening and diagnostic devices has gained importance in the medical fields due to its potential to improve the quality of life. Additionally, continuous innovations in hearing screening and diagnostic devices have led to transformation of medical devices industry.

Competitive Analysis:

Owing to the presence of the huge player in the market, some players are involve in the launching of the new products. Whereas, some major player are focusing on the acquisition and collaboration for the development of the market.

The key players profiled in hearing screening and diagnostic devices are Abbott (U.S.), Siemens Healthcare GmbH (Germany), Audiology Systems (U.S.), Phillips Plastics Corporation (The Netherland), OTODYNAMICS LTD (U.S.), GE Healthcare (U.K), Intelligent Hearing Systems (U.S.), Natus Medical Incorporated (U.S.), Otometrics (U.S.), Starkey Laboratories Inc. (U.S.), Vivosonic, Inc. (U.S.), Welch Allyn (U.S.) and others.

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Latest Industry Updates:

Being a competitive market, a number of different manufacturer are focusing on the product launch, and acquisition for the market development. Some of the latest development in the market are-

Oct 2017, Sohum Innovation Labs, a MedTech company provides an affordable neonatal screening system for hearing impairment will soon launch a device for screening hearing impairment in newborns.

June 2014, Natus Medical, a leading provider of medical devices, software & services for newborn care, neurology, sleep, hearing and balance markets introduced the Echo-Screen III hearing screener, which is an advanced handheld hearing screening device. Introduction of this product will help the company to strengthen their product portfolio to sustain its position in the market.

Regional Analysis:

Regionally, the global hearing screening and diagnostic devices market is segmented into: America, Europe, Asia Pacific, and the Middle East & Africa. America commands the major share of the market owing to the presence of leading companies, huge geriatric population and well developed technology. Additionally, high per capita income and increasing demand for the better devices will fuelled the market growth. Europe holds the second position in the global hearing screening and diagnostic devices market owing to availability of the funds and strong government support. Asia-Pacific is fastest growing market region for this market due to presence of huge patient pool, and rapidly developing economies. The Middle East is the major contributor for the market in the Middle East and Africa due to the presence of well-developed economies and huge healthcare spending.

Brief TOC Hearing Screening and Diagnostic Devices Market:

  1. Report Prologue

    2. Introduction

    2.1 Definition

    2.2 Scope of the Study

    2.3 Research Objective

    2.4 Assumptions

    2.5 Limitations

    2.6 Market Structure

    2.7 Market Segmentation

    3. Research Methodology

    3.1 Research Process

    3.2 Primary Research

    3.3 Secondary Research

    3.4 Market Size Estimation

    3.5 Forecast Model

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The Hearing Screening and Diagnostic Devices Market report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions

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