Market Overview:
The global diagnostic hearing devices market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of hearing loss, rising awareness about early diagnosis and treatment of hearing loss, and technological advancements in diagnostic hearing devices. The global diagnostic hearing devices market is segmented on the basis of type into clinical diagnosis, physical diagnosis, and screening. The clinical diagnosis segment is expected to account for the largest share of the global diagnostic hearing devices market in 2018 owing to increasing demand for advanced diagnostics for accurate detection and treatment of various types of Hearing Loss (HL). The physical diagnosis segment is projected to grow at a higher CAGR than other segments during the forecast period due to growing demand for objective audiometric tests that help identify co-existing medical conditions associated with HL. On the basis of application, hospitals and clinics are expected to account for majority share in 2018 followed by ambulatory surgical clinics (ASCs). Rising geriatric population across globe coupled with increase incidence rate HL among them are major factors driving growth hospitals & clinics application segment globally.
Product Definition:
A diagnostic hearing device is a tool used to help identify the cause of a person's hearing loss. This type of device can be used to measure how well someone hears different sounds and determine where the problem may be. Diagnostic hearing devices are often used in conjunction with other tests, such as an MRI or CT scan, to help diagnose the root cause of a person's hearing loss.
Clinical diagnosis:
Clinical diagnosis is the process of determining disease or condition by medical examination and diagnostic tests. It's majorly used for identifying diseases or conditions that are not apparent in routine physical examinations. Clinical diagnosis also aids in monitoring the effectiveness of therapeutic interventions as well as helps in establishing a patient-provider relationship, which is important for any kind of treatment plan.
Physical diagnosis:
Physical diagnosis is the first step in hearing aid device manufacturing. It includes evaluation of external conditions such as facial features, structure & function of ear, nose and throat (ENT), cardiovascular system response to sound, speech patterns and atmospheric effects on hearing.
Application Insights:
Based on application, the global diagnostic hearing devices market is segmented into hospitals and clinics, ASCs, and others. Hospitals and clinics held the largest share in 2017 owing to a large number of diagnostics being performed in these settings. Furthermore, hospitals are considered as the most prominent places of diagnosis due to various advantages such as advanced healthcare facilities with highly skilled professionals who can conduct accurate diagnostics quickly. Diagnostic hearing devices help detect conditions such as ear infections that require immediate medical attention so that appropriate treatment can be administered before it gets worse. This factor is anticipated to drive their demand over the forecast period in this segment.
Ambulatory surgical clinics (ASCs) are projected to witness significant growth over the forecast period owing to an increase in patients suffering from common diseases requiring outpatient care including diabetes mellitus type 2 or hyperglycemia, hypertension or high blood pressure disorders along with other associated problems like heart diseases & stroke etc.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of key players, high disposable income, and availability of advanced products. In addition, favorable reimbursement policies are also expected to drive growth during the forecast period. Asia Pacific is expected to witness lucrative growth over the forecast period owing to increasing awareness about hearing impairment diagnosis and its treatment options along with rising healthcare expenditure in emerging countries such as India and China.
Growth Factors:
- Increasing prevalence of hearing loss: The global prevalence of hearing loss is increasing with the increase in life expectancy. This will drive the demand for diagnostic hearing devices, as they are the most effective treatment for hearing loss.
- Growing awareness about diagnosis and treatment of hearing loss: There is a growing awareness among people about the diagnosis and treatment of hearing loss. This is driving the demand for diagnostic Hearing Devices market.
- Technological advancements: The technological advancements in diagnostic Hearing Devices are helping to improve their accuracy and efficiency. This is driving their adoption among healthcare professionals and patients alike.
Scope Of The Report
Report Attributes
Report Details
Report Title
Diagnostic Hearing Devices Market Research Report
By Type
Clinical diagnosis, Physical diagnosis, Screening
By Application
Hospitals and clinics, Ambulatory surgical clinics (ASCs)
By Companies
GAES MEDICA, INVENTIS, Natus Medical, William Demant, Audidata, Benson Medical Instruments, Frye Electronics, Happerdberger otopront, Hedera Biomedics, KARL STORZ, Medtronic, Olympus Corporation, Optomic, Orlvision, RION
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Diagnostic Hearing Devices Market Report Segments:
The global Diagnostic Hearing Devices market is segmented on the basis of:
Types
Clinical diagnosis, Physical diagnosis, Screening
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals and clinics, Ambulatory surgical clinics (ASCs)
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GAES MEDICA
- INVENTIS
- Natus Medical
- William Demant
- Audidata
- Benson Medical Instruments
- Frye Electronics
- Happerdberger otopront
- Hedera Biomedics
- KARL STORZ
- Medtronic
- Olympus Corporation
- Optomic
- Orlvision
- RION
Highlights of The Diagnostic Hearing Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Clinical diagnosis
- Physical diagnosis
- Screening
- By Application:
- Hospitals and clinics
- Ambulatory surgical clinics (ASCs)
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Diagnostic Hearing Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A diagnostic hearing device is a medical device that is used to diagnose or monitor a hearing impairment.
Some of the key players operating in the diagnostic hearing devices market are GAES MEDICA, INVENTIS, Natus Medical, William Demant, Audidata, Benson Medical Instruments, Frye Electronics, Happerdberger otopront, Hedera Biomedics, KARL STORZ, Medtronic, Olympus Corporation, Optomic, Orlvision, RION.
The diagnostic hearing devices market is expected to grow at a compound annual growth rate of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Diagnostic Hearing Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Diagnostic Hearing Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Diagnostic Hearing Devices Market - Supply Chain
4.5. Global Diagnostic Hearing Devices Market Forecast
4.5.1. Diagnostic Hearing Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Diagnostic Hearing Devices Market Size (000 Units) and Y-o-Y Growth
4.5.3. Diagnostic Hearing Devices Market Absolute $ Opportunity
5. Global Diagnostic Hearing Devices Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Diagnostic Hearing Devices Market Size and Volume Forecast by Type
5.3.1. Clinical diagnosis
5.3.2. Physical diagnosis
5.3.3. Screening
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Diagnostic Hearing Devices Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Diagnostic Hearing Devices Market Size and Volume Forecast by Application
6.3.1. Hospitals and clinics
6.3.2. Ambulatory surgical clinics (ASCs)
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Diagnostic Hearing Devices Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Diagnostic Hearing Devices Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Diagnostic Hearing Devices Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Diagnostic Hearing Devices Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Diagnostic Hearing Devices Demand Share Forecast, 2019-2026
9. North America Diagnostic Hearing Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Diagnostic Hearing Devices Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Diagnostic Hearing Devices Market Size and Volume Forecast by Application
9.4.1. Hospitals and clinics
9.4.2. Ambulatory surgical clinics (ASCs)
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Diagnostic Hearing Devices Market Size and Volume Forecast by Type
9.7.1. Clinical diagnosis
9.7.2. Physical diagnosis
9.7.3. Screening
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Diagnostic Hearing Devices Demand Share Forecast, 2019-2026
10. Latin America Diagnostic Hearing Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Diagnostic Hearing Devices Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Diagnostic Hearing Devices Market Size and Volume Forecast by Application
10.4.1. Hospitals and clinics
10.4.2. Ambulatory surgical clinics (ASCs)
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Diagnostic Hearing Devices Market Size and Volume Forecast by Type
10.7.1. Clinical diagnosis
10.7.2. Physical diagnosis
10.7.3. Screening
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Diagnostic Hearing Devices Demand Share Forecast, 2019-2026
11. Europe Diagnostic Hearing Devices Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Diagnostic Hearing Devices Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Diagnostic Hearing Devices Market Size and Volume Forecast by Application
11.4.1. Hospitals and clinics
11.4.2. Ambulatory surgical clinics (ASCs)
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Diagnostic Hearing Devices Market Size and Volume Forecast by Type
11.7.1. Clinical diagnosis
11.7.2. Physical diagnosis
11.7.3. Screening
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Diagnostic Hearing Devices Demand Share, 2019-2026
12. Asia Pacific Diagnostic Hearing Devices Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Diagnostic Hearing Devices Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Diagnostic Hearing Devices Market Size and Volume Forecast by Application
12.4.1. Hospitals and clinics
12.4.2. Ambulatory surgical clinics (ASCs)
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Diagnostic Hearing Devices Market Size and Volume Forecast by Type
12.7.1. Clinical diagnosis
12.7.2. Physical diagnosis
12.7.3. Screening
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Diagnostic Hearing Devices Demand Share, 2019-2026
13. Middle East & Africa Diagnostic Hearing Devices Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Diagnostic Hearing Devices Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Diagnostic Hearing Devices Market Size and Volume Forecast by Application
13.4.1. Hospitals and clinics
13.4.2. Ambulatory surgical clinics (ASCs)
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Diagnostic Hearing Devices Market Size and Volume Forecast by Type
13.7.1. Clinical diagnosis
13.7.2. Physical diagnosis
13.7.3. Screening
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Diagnostic Hearing Devices Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Diagnostic Hearing Devices Market: Market Share Analysis
14.2. Diagnostic Hearing Devices Distributors and Customers
14.3. Diagnostic Hearing Devices Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GAES MEDICA
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. INVENTIS
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Natus Medical
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. William Demant
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Audidata
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Benson Medical Instruments
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Frye Electronics
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Happerdberger otopront
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hedera Biomedics
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. KARL STORZ
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Medtronic
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Olympus Corporation
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Optomic
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Orlvision
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. RION
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
