Otoscope market is anticipated to grow at a considerable CAGR of 4.3% during the forecast period. The rising prevalence of the ear, nose, and throat (ENT) disorders and technological advancements in otoscopes are key promoters of the otoscope market’s growth. Otoscopy is the primary method for diagnosing these diseases. As per the study published in February 2021 in the BMC journal, the prevalence of hearing loss increases with age, and its estimated prevalence was 40%-50% in people aged 75 years and above from April 2020 to July 2022.
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Moreover, as per the April 2021 Key Facts by the World Health Organization (WHO) on “Deafness and Hearing Loss,” more than 5.0% of the world’s population needs rehabilitation to address their “disabling” hearing loss, including 432 million adults and 34 million children. WHO also stated that over 700 million people, or one in every ten, are predicted to have hearing loss by the year 2050. Therefore, the incidence of hearing loss is expected to increase with the increasing elderly population, thereby increasing demand for otoscopes and thus driving the market.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Otoscope Market by Product Type
- Standard Sized
- Pocket-Sized
- Accessories
Global Otoscope Markey by Application
- Diagnosis
- Surgical
Global Otoscope Market by Portability
- Microporous
- Monolithic
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- 3M Co.
- Adam, Rouilly Ltd.
- Alpha Source, Inc.
- AUG Medical LLC
- Barcor Inc.
- BR Surgical, LLC
- Cen-Med Enterprises
- Fazzini Srl
- net by MEDIT
- GPC Medical Ltd.
- Kirchner & Wilhelm GmbH
- Luxamed Medizintechnik
- Midmark Corp.
- Olympus Medical Systems, Inc.
- OtoSim Inc.
- Sun Medical Supplies
- Supply Resources, Inc.
- Sync Vision
- Wellch Allyn, Inc.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global otoscope market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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