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Otoscopes - Global Market Trajectory & Analytics

  • ID: 5028069
  • Report
  • February 2022
  • Region: Global
  • 440 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Adam,Rouilly Limited
  • Dr. Mom Otoscopes
  • Henry Schein, Inc.
  • LUXAMED GmbH & CO. KG
  • Oaktree Products, Inc.
  • RF Co.

Global Otoscopes Market to Reach $198.1 Million by 2026


An otoscope/ auriscope is an audiological tool possessing light generation and magnification properties that are useful for an external investigation of the tympanic membranes and the ear canal. The otoscope is also used widely during general checkups as a screening process for illness. Otoscope provides a clear view of the eardrum/ tympanic membrane and ear canal if there aren`t any blockages in these areas. Some of the diseases that can be diagnosed by an otoscope are otitis externa (external ear) and otitis media (middle ear). Another common use of the otoscope is a nasal examination and this reduces the need for a nasal speculum. Sometimes the speculum of the otoscope is removed and it`s used to examine the upper throat too. Though all otoscopes allow magnification and illumination of the tympanic membranes and ear canal so that visual examination can be performed by the audiologists, properties and functionalities of different otoscopes depend upon the technology they use.

Otoscopes came in varying price brackets but high quality should be prioritized before low price whenever a purchase decision of an otoscope needs to be made. An otoscope is primarily involved in performing otoscopy, wherein secondary applications such as pneumatic otoscopy, and cerumen management, among others become insignificant. The feature of image/video capture in video otoscopes provides real-time objective documentation pertaining to the tympanic membrane and the ear canal. This is also useful in enabling to decide the qualifying position before/after clinical procedures, including earmold impression and cerumen removal methods. Additionally, the feature enables image/video sharing for consulting and educational purposes. Bigger screen image projection enables to observe structures on a bigger scale, providing detailed view for subtle structures.

Amid the COVID-19 crisis, the global market for Otoscopes estimated at US$163.5 Million in the year 2020, is projected to reach a revised size of US$198.1 Million by 2026, growing at a CAGR of 3.2% over the analysis period. Pocket-size Otoscopes, one of the segments analyzed in the report, is projected to record a 2.9% CAGR and reach US$89.4 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Full-size Otoscopes segment is readjusted to a revised 3.4% CAGR for the next 7-year period.



The U.S. Market is Estimated at $58.8 Million in 2021, While China is Forecast to Reach $14 Million by 2026


The Otoscopes market in the U.S. is estimated at US$58.8 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$14 Million by the year 2026 trailing a CAGR of 5.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR.

The market is forecast to experience a significant growth over the coming years due to increasing incidence of ear-related conditions and preventable hearing loss that create a pressing demand for sophisticated diagnostic devices. The market growth is also facilitated by availability of rechargeable, user-friendly pocket otoscopes along with increasing number of otolaryngology professionals. Rising incidence of hearing loss is also expected to drive the global otoscopes market in the long-term. Hearing loss or impairment is one of the leading global public health problems, adversely affecting the communication ability, independence, wellbeing, and quality of life. Besides age-related factors, the growing prevalence of hearing loss is a product of genetic factors; complications during pregnancy and childbirth; the spread of highly contagious diseases such as meningitis, rubella and mumps; injuries; polypharmacy and high noise pollution.

Given the fact that the potential incidence of hearing loss is higher in the aged population, the rise in number of people above 65 years presents significant market opportunities for devices used in their management. In addition to demographics, other factors that could lead to increase in number of patients with hearing loss include higher damages to hearing caused due to environmental factors. The over 55-years age group is more prone to hearing impairment due to age related afflictions. The incidence and prevalence of hearing impairments is in tandem with the world population which is expanding at an annual rate of over 1%. For instance, the number of individuals suffering from hearing impairments in the United States grew two-fold over the course of the last 3 decades, with around 14% of the region`s adult Within Europe, around 52 million people suffer from some level of hearing loss population under its sphere. Across the Atlantic, over 36 million people have hearing impairment in the US, with one in every ten individuals expressing some loss of hearing functionality

Video Otoscopes Segment to Reach $36.4 Million by 2026


In the global Video Otoscopes segment, USA, Canada, Japan, China and Europe will drive the 3.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$24.4 Million in the year 2020 will reach a projected size of US$30.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.1 Million by the year 2026, while Latin America will expand at a 4.8% CAGR through the analysis period.

Select Competitors (Total 50 Featured) -

  • Adam,Rouilly Limited
  • AIIM GmbH
  • Albert Waeschle Ltd. (Opticlar)
  • AMD Global Telemedicine, Inc.
  • AME WORLDWIDE
  • American Diagnostic Corporation
  • Arno Barthelmes Zella-Mehlis GmbH
  • AUG MEDICAL
  • Bosch + Sohn GmbH u. Co. KG
  • Cupris Limited
  • Dino-Lite Europe
  • Dr. Mom Otoscopes
  • Endoservice GmbH
  • Fazzini SRL
  • Firefly Global
  • GF Health Products, Inc.
  • GPC Medical Ltd.
  • Happersberger Otopront GmbH
  • HEINE Optotechnik GmbH & Co. KG
  • Henry Schein, Inc.
  • Hill-Rom Holdings, Inc.
  • Honsun Group
  • Interacoustics A/S
  • Inventis srl
  • Keeler
  • Kirchner & Wilhelm GmbH + Co. KG
  • LUXAMED GmbH & CO. KG
  • Maico Diagnostic GmbH
  • Medline Industries, Inc.
  • MedRx Inc.
  • Medstar Co., Ltd.
  • Natus Medical, Inc.
  • Oaktree Products, Inc.
  • Olympus Corporation
  • OPTOMIC Espana S.A.
  • Orlvision Gmbh
  • Prestige Medical
  • RA Block Diagnostics
  • RF Co.
  • Rudolf Riester GmbH & Co. KG
  • Sklar Surgical Instruments
  • SOS Group Global Ltd.
  • Spengler Instruments
  • Spirit Medical Co., Ltd.
  • SyncVision Technology Corporation
  • Timesco Healthcare Ltd.
  • Videomed Zaklad Elektroniczny
  • Vitalitaet Medtech Co., Ltd.
  • XION GmbH
  • Zumax Medical Co., Ltd.
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Frequently Asked Questions about the Global Market for Otoscopes

What is the estimated value of the Global Market for Otoscopes?

The Global Market for Otoscopes was estimated to be valued at $163.5 Million in 2020.

What is the growth rate of the Global Market for Otoscopes?

The growth rate of the Global Market for Otoscopes is 3.3%, with an estimated value of $198.1 Million by 2026.

What is the forecasted size of the Global Market for Otoscopes?

The Global Market for Otoscopes is estimated to be worth $198.1 Million by 2026.

Who are the key companies in the Global Market for Otoscopes?

Key companies in the Global Market for Otoscopes include Adam,Rouilly Limited, AIIM GmbH, Albert Waeschle Ltd. (Opticlar), AMD Global Telemedicine, Inc., AME WORLDWIDE, American Diagnostic Corporation, Arno Barthelmes Zella, Mehlis GmbH and Bosch + Sohn GmbH u. Co. KG.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Adam,Rouilly Limited
  • Dr. Mom Otoscopes
  • Henry Schein, Inc.
  • LUXAMED GmbH & CO. KG
  • Oaktree Products, Inc.
  • RF Co.

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Otoscopes – Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Otoscopes - A Prelude
  • Impact of COVID-19 on Otoscopes Market
  • Rising Incidence of Hearing Loss to Drive the Global Otoscopes Market in the Long-Term
  • A Snapshot of Global Hearing Loss Statistics
  • Distribution of Disabling Hearing Loss Worldwide: 2018
  • World Hearing Loss Population Breakdown by Severity: 2018
  • US and Europe Dominate the Global Otoscopes Market
  • Emerging Markets – Underpenetrated with Immense Growth Potential
  • Pocket Otoscopes to Drive Market Growth
  • Video Otoscopes Market Witnesses Rapid Growth
  • Technological Advancements to Drive the Growth of Otoscopes Market
  • Recent Innovations/New Product Launches

2. FOCUS ON SELECT PLAYERS

  • Recent Market Activity

3. MARKET TRENDS & DRIVERS

  • COVID-19 Expands Use of Smartphone-Enabled Otoscopes in Otolaryngology
  • Increasing Cases of Hearing Loss Emphasize Urgent Need to Raise Awareness
  • Disabling, Untreated Hearing Loss Holds Startling Economic and Societal Costs
  • WHO Urges Governments to Curb Rising Cases of Hearing Impairment
  • WHO-ITU Issues New Standard for Preventing Hearing Loss in Young Individuals
  • Burgeoning Geriatric Population and Rising Prevalence of Age-Related Hearing Loss - A Key Demand Driver for Otoscopes
  • Global Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Increasing Hearing Impairment among Younger Population and Children
  • Uptrend in Healthcare Expenditure Creates Substantial Opportunities
  • World Healthcare Expenditure (In US$ Trillion) for the Years 2019, 2021 & 2023
  • AI-Powered Otoscopy Represents Latest Buzzword with Potential to Improve Access to ENT & Audiology Services in Remote Areas
  • Increasing Role of Artificial Intelligence for Otoscopy
  • Technological Advancements
  • University of Washington Develops Smartphone Application to Detect Eardrum Fluid
  • Digital Otoscopes Improves Diagnosis and Treatment of Acute Otitis Media
  • Otoscopes for Home Use Allow Early Detection of Ear Infection
  • Researchers Develop Ultrasound Otoscope for Accurate Diagnosis of Middle Ear Infections
  • A Prelude into Select Available Otoscopes
  • Home Digital Otoscopes
  • DESPATCH Wireless Otoscope
  • Teslong Otoscope
  • Anykit USB Otoscope-Ear Scope Camera

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Otoscopes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Demographic Dynamics of Hearing Loss & Tinnitus
  • Hearing Impaired Population in the US for Years 2000-2020
  • US Represents Leading Market for Otoscopes
  • Distribution of Hearing Loss by Type
  • Aging Population Drives Hearing Loss Prevalence
  • Percentage Breakdown of Severe to Profound Hearing Impaired Population in the US by Age Group: 2020E
  • Children and Youth Population Record Increasing Hearing Loss
  • Hearing Loss Prevalence in the US by Age Group (2020E): Percentage of Individuals with Hearing Loss Relative to the General Population
  • Undetected and Untreated Hearing Loss – A Chronic Issue
  • Rise in Occupation-Related Hearing Impairments Drive Market Growth
  • Average Hearing Loss Incidence Induced in Individuals at Age 50 Years due to High Noise Exposure at Workplace

CANADA

JAPAN

  • Otoscopes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Otoscopes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)

EUROPE

  • Otoscopes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Strong Growth Potential for Otoscopes

FRANCE

  • Otoscopes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Otoscopes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Otoscopes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
  • Hearing Loss – A Prevalent Condition in the UK
  • Percentage of Hearing Loss Prevalence by Age Group in the UK: 2020E

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Otoscopes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Asia-Pacific – a High-Potential Market for Otoscopes

AUSTRALIA

  • Otoscopes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Otoscopes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Hearing Loss in Children More Prevalent in Rural Areas

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Otoscopes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Otoscopes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST

AFRICA

  • Otoscopes Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 50
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Adam,Rouilly Limited
  • AIIM GmbH
  • Albert Waeschle Ltd. (Opticlar)
  • AMD Global Telemedicine, Inc.
  • AME WORLDWIDE
  • American Diagnostic Corporation
  • Arno Barthelmes Zella-Mehlis GmbH
  • AUG MEDICAL
  • Bosch + Sohn GmbH u. Co. KG
  • Cupris Limited
  • Dino-Lite Europe
  • Dr. Mom Otoscopes
  • Endoservice GmbH
  • Fazzini SRL
  • Firefly Global
  • GF Health Products, Inc.
  • GPC Medical Ltd.
  • Happersberger Otopront GmbH
  • HEINE Optotechnik GmbH & Co. KG
  • Henry Schein, Inc.
  • Hill-Rom Holdings, Inc.
  • Honsun Group
  • Interacoustics A/S
  • Inventis srl
  • Keeler
  • Kirchner & Wilhelm GmbH + Co. KG
  • LUXAMED GmbH & CO. KG
  • Maico Diagnostic GmbH
  • Medline Industries, Inc.
  • MedRx Inc.
  • Medstar Co., Ltd.
  • Natus Medical, Inc.
  • Oaktree Products, Inc.
  • Olympus Corporation
  • OPTOMIC Espana S.A.
  • Orlvision Gmbh
  • Prestige Medical
  • RA Block Diagnostics
  • RF Co.
  • Rudolf Riester GmbH & Co. KG
  • Sklar Surgical Instruments
  • SOS Group Global Ltd.
  • Spengler Instruments
  • Spirit Medical Co., Ltd.
  • SyncVision Technology Corporation
  • Timesco Healthcare Ltd.
  • Videomed Zaklad Elektroniczny
  • Vitalitaet Medtech Co., Ltd.
  • XION GmbH
  • Zumax Medical Co., Ltd.
Note: Product cover images may vary from those shown