Industry Background:
Auriscope, commonly known as an otoscope, is a tool to inspect the external ear canal (EAC), tympanic membrane and the middle ear as a part of normal physical examination. This tool is used to look for signs of drainage, wax build-up, foreign bodies, redness of the ear canal, and others. These signs help to reveal the root cause of symptoms like hearing loss, heavy ear feeling, and ear pain. An auriscope consists of a head and a handle. A magnifying lens along with a light source enhances the clinician's view. This device runs on either batteries or permanent power source. The specula are available in various sizes to suit adults or pediatric use. Increasing healthcare access and rising disposable income levels in developing countries have a positive impact on the market for auriscopes.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Oaktree Products (United States), Hill-Rom (United States), Welch Allyn (United States), HEINE Optotechnik GmbH & Co. KG (Germany), Dr. Mom Otoscopes (United States), Olympus Corporation (Japan), Anthony Products, Inc. (United States), Kirchner & Wilhelm (Germany), MedRx (United States) and Xion GmbH (Germany) |
According to AMA, the market for Auriscope is expected to register a CAGR of 4.8% during the forecast period to 2028. This growth is primarily driven by Rising Healthcare Concerns in Worldwide and Increase in Aging Population Worldwide.
Globally, a noticeable market trend is evident Rise in prevalence of ear-related diseases
The Health Care Equipment sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Oaktree Products (United States), Hill-Rom (United States), Welch Allyn (United States), HEINE Optotechnik GmbH & Co. KG (Germany), Dr. Mom Otoscopes (United States), Olympus Corporation (Japan), Anthony Products, Inc. (United States), Kirchner & Wilhelm (Germany), MedRx (United States) and Xion GmbH (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global market consists of a large number of players who are increasingly focusing on research & development and innovation of products with better characteristics to meet the growing demand of consumers for advanced audiometric solutions. Key players are also emphasizing business strategies like partnerships, mergers, and acquisitions for further expansions and strengthening their positions in the global market.
Key Developments in the Market:
In 2020, MedRx Inc., a leading manufacturer of audiometric equipment launched a USB video otoscope with the latest generation of video otoscope technology. It has been designed to use single-handed and can also be integrated into the software to get high-quality images. The new otoscope has a narrow body that allows navigating easily around the otoscope.
In June 2021, Hillrom launched a new Welch Allyn MacroView Plus otoscope with next-generation wide view technology for easy ear examination. Newly launched Welch Allyn supports elevated exam of the middle ear and also allows to connect with Android or Apple smartphones to digitally review images of ear exam., and In August 2017, the world’s first smartphone otoscope, hearScope, was launched by hearX. A high-quality variable magnification otoscope “pen” (a medical device which is used to look into ears) connects to a smartphone running the hearScope application. The result is a clear picture of the eardrum which can be used to accurately diagnose the problem.
Influencing Trend:
Rise in prevalence of ear-related diseases and Increasing advancement in technology of otoscope devices
Market Growth Drivers:
Rising Healthcare Concerns in Worldwide and Increase in Aging Population Worldwide
Challenges:
Low Magnification or Loss of Magnification During Lens Movement and Monocular Vision Can Slow Down the Growth of Hand-held Otoscope
Restraints:
Risks of Permanent Ear Damage Due To Otoscopy
Opportunities:
Increasing Disposable Income & Reimbursement Policies in Developing Nations
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Auriscope Market
- Analysis about New Entrants in Auriscope Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Auriscope Study Sheds Light on
The Auriscope Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Auriscope industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Auriscope industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.