Diagnostic Audiometer Market Future Demand, Market Analysis & Outlook (2019-2026)
In 2019, the global Diagnostic Audiometer market size was USD 143 million and it is expected to reach USD 206 million by the end of 2026, with a CAGR of 5.34% during 2019-2026.
Audiometers are machines used for evaluating hearing loss. They are standard instruments in audiology centers and at ear, nose and throat (ENT) clinics. They consist of an embedded hardware unit connected to a pair of headphones and a feedback button, which is controlled by a computer. Conductive hearing mechanisms can be analyzed when audiometers are used in conjunction with born vibrators.
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Market Driver and Constraint
The increasing incidence of hearing disability will play a major role in driving the diagnostic audiometer market. The development of advanced audiometers is expected to provide significant opportunities for the market growth during the forecast period. The growing popularity of digital and portable audiometers will be one of the latest trends in the diagnostic audiometer market and will gain attention in the global diagnostic audiometer market over the projected period. However, the high prices of audiometers and reimbursement issues may restrain the growth of the diagnostic audiometer market.
Region-wise Analysis
In 2018, the global diagnostic audiometer market was mainly concentrated in the three regions of Asia-Pacific, North America and Europe, with the market share of 20.18%, 37.54% and 35.28% respectively, accounting for a total of 93%.
North America accounted for the largest share of the global diagnostic audiometer market and is anticipated to continue in the forecast period. The strong growth of this market in the region can be attributed to a well-developed healthcare infrastructure, increase in awareness among people and rise in prevalence of hearing disorders. North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of diagnostic audiometers. Followed by Europe and Europe is expected to retain a good growth rate during the next five years due to stable growth in downstream industries.
Also, in the expected period, there may be significant growth in the Asia-Pacific region. This growth can be attributed to growing healthcare expenditures, improving healthcare infrastructure, and growth in age-related hearing problems. Especially in China, as well as fast-growing India and Southeast Asia. All manufacturers in the world are committed to product improvement. In the past two years, some Chinese manufacturers have been able to catch up with the world's leading technology. Most technologies are developed by manufacturers, not imported from other companies.
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Competition Analysis
In the world wide, major manufactures mainly distribute in USA and Europe. Major enterprises in the global market of Diagnostic Audiometer include William Demant Holding A/S, Otometrics A/S, Natus Medical Inc., INVENTIS SRL, Benson Medical Instruments Co., AUDITDATA A/S, Micro-DSP Technology Co., Ltd., Lisound Hearing Aid (Fuzhou) Co., Ltd., Beijing Beier Biological Engineering Co., Ltd., Hedera Biomedics S.r.L., and etc.
Worldwide Diagnostic Audiometer Market by Type
Hybrid Audiometer, PC-Based Audiometer, and Other.
Worldwide Diagnostic Audiometer Market by Application
Hospitals, Research Communities, Audiology Centers, and Other. The hospital sector accounted for a major share of the global diagnostic audiometer market. The growth in the number of multi-specialty hospitals supported by government funds and public-private partnerships has led to an increase in the adoption of advanced technologies, such as the implementation of electronic medical records and information technology.
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Diagnostic Audiometer Market
2 Market Trends and Competitive Landscape
3 Segmentation of Diagnostic Audiometer Market by Types
4 Segmentation of Diagnostic Audiometer Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Diagnostic Audiometer Market in Major Countries
7 North America Diagnostic Audiometer Landscape Analysis
8 Europe Diagnostic Audiometer Landscape Analysis
9 Asia Pacific Diagnostic Audiometer Landscape Analysis
10 Latin America, Middle East & Africa Diagnostic Audiometer Landscape Analysis
11 Major Players Profile
11.1 William Demant Holding A/S
11.1.1 William Demant Holding A/S Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Otometrics A/S
11.3 Natus Medical Inc.
11.4 INVENTIS SRL
11.5 Benson Medical Instruments Co.
11.6 AUDITDATA A/S
11.7 Micro-DSP Technology Co., Ltd.
11.8 Lisound Hearing Aid (Fuzhou) Co., Ltd.
11.9 Beijing Beier Biological Engineering Co., Ltd.
11.10 Hedera Biomedics S.r.L.
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Target Audience:
Diagnostic Audiometer manufacturers
Distributors and resellers of Diagnostic Audiometer
Healthcare organizations
Diagnostic Audiometer industry associations
Product managers, Diagnostic Audiometer industry administrator, C-level executives of the industries
Market research and consulting firms
Research & Clinical Laboratories
Research and Development (R&D) companies
• Base Year: 2018
• Estimated Year: 2019
• Forecast Period: 2019 to 2026
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