Market Overview:
The global otoacoustic emission market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of hearing loss, rising awareness about otoacoustic emissions, and technological advancements in otoacoustic emission devices. The global otoacoustic emission market is segmented by type, application, and region. By type, the market is divided into touch screen and ordinary button. By application, it is classified into hospital, clinic research institute others).
Product Definition:
Otoacoustic emission is a type of sound that is produced by the ear. This type of sound can be used to help diagnose problems with the ear and it can also be used to test how well the ear is working.
Touch Screen:
Touch screen is a human interface device that detects the presence and location of the user for performing an action. It is widely used in smartphones, tablets, personal computers, and other electronic devices. The technology has evolved over time with various innovations such as multi-touchscreens, virtual keyboards & pads etc., to enhance ease of use by providing greater functionality.
Ordinary Button:
The ordinary button is a device used to measure the otoacoustic emissions. It is also known as an OAE meter or otoscanner. The ordinary button works on the principle of sound waves generated by the subject and captured by a microphone, which are then played back for evaluation.
Application Insights:
Based on application, the global market is segmented into hospital, clinic, research institute and others. The hospital segment dominated the overall market in terms of revenue in 2017. This can be attributed to a high incidence of acoustic trauma patients at hospitals worldwide. Acoustic trauma includes various ear disorders that may require medical attention and treatment by an otoacoustic emission (OAE) device for proper diagnosis. According to data published by the National Center for Biotechnology Information (NCBI) in 2018, about 10-20% of people experience some form of acoustic hearing loss every year across the globe owing to various reasons such as exposure to loud sounds or music at work or leisure activities without proper protection from headphones or earphones. Thus it can be presumed that majority of OAE devices are used for diagnostics & screening purposes at hospitals worldwide due to high demand and usage rates among healthcare professionals & patients suffering from noise induced hearing loss (NIHL).
Regional Analysis:
North America dominated the global market in 2017. The presence of key players, advanced healthcare infrastructure and high demand for otoacoustic emission devices are some of the factors contributing to its growth. Moreover, increasing R&D activities related to OAE screening is expected to fuel regional product demand over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising disposable income coupled with growing medical tourism in emerging countries such as India and China. In addition, favorable government initiatives pertaining otinnovation in diagnostic technologies are also expected tounlockup opportunities for investors during this period thereby driving overall market growth overthe next eight years 8). Latin America region is also estimated toraise considerable revenue due toraising awareness about otoacoustic emissions among patients along with improving healthcare infrastructure will drive regional product demand overthe forecast period 8).
Growth Factors:
- Increasing prevalence of hearing loss: The increasing prevalence of hearing loss is one of the major growth drivers for the otoacoustic emission market. According to a study by the World Health Organization (WHO), over 360 million people across the globe suffer from some form of hearing loss. This number is expected to increase to over 1 billion by 2050, owing to the aging population and rising levels of noise exposure. This will create a high demand for otoacoustic emission devices and services, thereby driving market growth.
- Rising awareness about otoacoustic emissions: There is a growing awareness among healthcare professionals and patients about otoacoustic emissions and their benefits in diagnosing various ear disorders. This is helping to drive demand for otoacoustic emission devices and services worldwide.
- Technological advancements: The development of new technologies that can help in early diagnosis of ear disorders has been a key driver for the growth of the global otoacoustic emission market . For instance, recent technological advancements such as real-time 3D printing have made it possible to produce customized ear molds with great accuracy, which helps in obtaining accurate results from OAE tests . Such technological advances are likely to boost market growth in coming years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Otoacoustic Emission Market Research Report
By Type
Touch Screen, Ordinary Button
By Application
Hospital, Clinic, Research Institute, Others
By Companies
Sonic Innovations, Otometrics, Neurosoft, ECS, Grason Stadler
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
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global Otoacoustic Emission Market Report Segments:
The global Otoacoustic Emission market is segmented on the basis of:
Types
Touch Screen, Ordinary Button
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
Hospital, Clinic, Research Institute, Others
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:
- Sonic Innovations
- Otometrics
- Neurosoft
- ECS
- Grason Stadler
Highlights of The Otoacoustic Emission 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:
- Touch Screen
- Ordinary Button
- By Application:
- Hospital
- Clinic
- Research Institute
- Others
- 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 Otoacoustic Emission 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.
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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?
Otoacoustic emission (OA) is a type of hearing loss that occurs when sound waves travel through the ear canal and are converted into electrical signals. These signals are then sent to the brain, where they can be interpreted as sound. OA can occur in any part of the ear, but is most common in older adults. It's often caused by damage to the tiny hair cells in the inner ear or by inflammation or infection within these cells.
Some of the key players operating in the otoacoustic emission market are Sonic Innovations, Otometrics, Neurosoft, ECS, Grason Stadler.
The otoacoustic emission market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Otoacoustic Emission Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Otoacoustic Emission Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Otoacoustic Emission Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Otoacoustic Emission Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Otoacoustic Emission Market Size & Forecast, 2018-2028
4.5.1 Otoacoustic Emission Market Size and Y-o-Y Growth
4.5.2 Otoacoustic Emission Market Absolute $ Opportunity
Chapter 5 Global Otoacoustic Emission Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Otoacoustic Emission Market Size Forecast by Type
5.2.1 Touch Screen
5.2.2 Ordinary Button
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Otoacoustic Emission Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Otoacoustic Emission Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Research Institute
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Otoacoustic Emission Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Otoacoustic Emission Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Otoacoustic Emission Analysis and Forecast
9.1 Introduction
9.2 North America Otoacoustic Emission Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Otoacoustic Emission Market Size Forecast by Type
9.6.1 Touch Screen
9.6.2 Ordinary Button
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Otoacoustic Emission Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Research Institute
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Otoacoustic Emission Analysis and Forecast
10.1 Introduction
10.2 Europe Otoacoustic Emission Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Otoacoustic Emission Market Size Forecast by Type
10.6.1 Touch Screen
10.6.2 Ordinary Button
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Otoacoustic Emission Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Research Institute
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Otoacoustic Emission Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Otoacoustic Emission Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Otoacoustic Emission Market Size Forecast by Type
11.6.1 Touch Screen
11.6.2 Ordinary Button
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Otoacoustic Emission Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Research Institute
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Otoacoustic Emission Analysis and Forecast
12.1 Introduction
12.2 Latin America Otoacoustic Emission Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Otoacoustic Emission Market Size Forecast by Type
12.6.1 Touch Screen
12.6.2 Ordinary Button
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Otoacoustic Emission Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Research Institute
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Otoacoustic Emission Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Otoacoustic Emission Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Otoacoustic Emission Market Size Forecast by Type
13.6.1 Touch Screen
13.6.2 Ordinary Button
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Otoacoustic Emission Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Research Institute
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Otoacoustic Emission Market: Competitive Dashboard
14.2 Global Otoacoustic Emission Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sonic Innovations
14.3.2 Otometrics
14.3.3 Neurosoft
14.3.4 ECS
14.3.5 Grason Stadler
