Global Audiometers Market Size By Product, By Application, By Geographic Scope and Forecast

Audiometers Market Size And Forecast

Audiometers Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2021 to 2027.

The recent advancement in the diagnostic audiometer products such as digital noise cancellation and speech enhancement are also predicted to foster the market growth over the forecast period. In addition, easy availability of diagnostic audiometer in privately owned stores, clinics, large-scale retailers and governmental stores are anticipated to expand the overall market reach in the near future. The Global Audiometers Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Audiometers Market Definition

Audiometers are devices employed to evaluate the level of hearing and to quantify and diagnose the degree of hearing loss. Audiometers consist of embedded hardware and a test subject feedback button connected to a pair of headphones. This system is controlled by a standard PC. The method of testing the hearing capacity is known as audiometry. Types of audiometry procedures include pure tone audiometry, immittance audiometry, speech audiometry, and evoked response audiometry.

Pure tone audiometry is a process in which a patient is made to hear pure tones such as high-pitched tones at frequent intervals to determine the level of hearing loss. Speech audiometry is similar to pure tone audiometry, in terms of process followed; however, pure tones are replaced by human speech to determine the extent and area of hearing loss. Immittance audiometry is a process in which resistance offered by the ear parts to incoming sound is measured.

These devices are mainly used in hospitals, audiology centers and research communities either as hardware audiometers or software audiometers. Diagnostic audiometer is used for diagnosing different types of hearing loss in children, adults, and the elderly to recommended suitable therapy. Diagnostic audiometer performs an audiometry exam test that determines patients’ hearing functions. Diagnostic audiometer analyzes intensity and the tone of sounds, balance issues and other issues related to the function of inner ear.

Global Audiometers Market Overview

The recent advancement in the diagnostic audiometer products such as digital noise cancellation and speech enhancement are also predicted to foster the market growth over the forecast period. In addition, easy availability of diagnostic audiometer in privately owned stores, clinics, large-scale retailers and governmental stores are anticipated to expand the overall market reach in the near future. Growing trade margins for the diagnostic audiometer devices is credited due to growing consumer demand, thus further driving the market growth. The recent technological advancement in the healthcare sector coupled with development of novel products & techniques such as the latest wireless technologies is anticipated to foster market growth in the years to come.

In addition, rising popularity of digital and portable audiometers will be one of the latest Audiometers Market trends that will gain traction in the Audiometers Market during the next four years. The increasing adoption of advanced audiometers such as PC-based and hybrid audiometers will help the market’s growth during the forecast period. The evolution of audiometric testing equipment integrated with printers will also help in printing audiograms within the limited time. Rising number of cases related to hearing loss cases in the U.S. alone is estimated to be doubled in the next three decades.

The diagnostic audiometer market is broadly categorized into major segments based on the product type such as stand-alone audiometer, hybrid audiometer and PC-based audiometer. Hybrid audiometer segment is growing rapidly in the market with substantial revenue generation in the last few years. Growing popularity of hybrid audiometer segment is attributed to the cost efficiency and higher product penetration.

However, high cost of the devices, and the lack of trained experts in using the audiometers, might hamper the market growth in the future. In addition, development of advanced audiometers is expected to provide numerous opportunities for the market growth during the forecast period.

Global Audiometers Market Segmentation Analysis

The Global Audiometers Market is Segmented On The Basis Of Product, Application, And Geography.

Audiometers Market, By Product

• Stand-alone Audiometers• Hybrid Audiometers• PC-Based Audiometers

Based on Product, the market is bifurcated into Stand-alone Audiometers, Hybrid Audiometers, and PC-Based Audiometers. The PC-Based Audiometers dominate the largest market share. PC-Based Audiometers have combined features of both hardware and software audiometers and are employed primarily by speech and hearing therapists working in educational institutions. The PC-Based Audiometers segment is anticipated to witness strong growth due to advantages such as the ability to transfer results obtained in digital format to other devices connected to the Internet.

Audiometers Market, By Application

• Hospitals• Specialty Clinics• Hearing Aid Centers

Based on Application, the market is bifurcated into Hospitals, Specialty Clinics, and Hearing Aid Centers. The hospitals segment accounted for the major shares of the audiometry equipment market. The growth in the number of multispecialty hospitals supported by government funds and public-private partnerships has led to an increase in the adoption of advanced technology such as the implementation of electronic medical records and information technology. The screening audiometer suppliers in the market are forming strategic collaborations with hospitals to launch new audiometers.

Audiometers Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Geography, the Global Audiometers Market is classified into North America, Europe, Asia Pacific, and Rest of the world. North America accounted for the largest share of the global market in terms of revenue in 2016 and the trend is anticipated to continue during the forecast period. Strong growth of the market in the region can be attributed to well-established health care infrastructure, increase in awareness among people, and rise in prevalence of hearing disorders. Europe is expected to be the second largest market for audiometers.

Key Players In Audiometers Market

The “Global Audiometers Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are William Demant, Auditdata, GN Otometrics, Natus Medical, Inventis, Benson Medical Instruments, Piston, Resonance, Micro-DSP, SOUND, Beijing Beier, Otometrics, MAICO Diagnostic GmbH, Interacoustics A/S

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Global Audiometers Market Report Scope

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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