Pune, Dec. 20, 2022 (GLOBE NEWSWIRE) -- According to a new market research report titled, “Otoscopes Market by Type (Video Otoscopes, Full-Sized Otoscopes, and Pocket Otoscopes), by Modality (Wireless, and Wired Digital) – Global Outlook & Forecast 2022-2030 " published by Growth Plus Reports, the otoscopes market is expected to grow at a CAGR of 3.90% from 2021 to reach US$ 168.02 million by 2030. The introduction of technologically advanced products is increasing market growth.
The global otoscopes market has been analyzed from three perspectives: type, modality, end user, and region.
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Rising prevalence of ear-diseases is a key factor driving the global otoscopes market. Numerous physical, psychological, and social health issues are linked to hearing loss. The need for technologically advanced products is further increased by the rise in the percentage of people with ear problems. Smartphone connectivity, resound assist, and own voice processing are some of the most exciting developments in hearing aid technology. As a result of all these new advancements, the otoscopes market is expanding significantly.
Excerpts from ‘by Type’
According to type, the market for otoscopes is divided into three categories:
- Video Otoscopes
- Full-Sized Otoscopes
- Pocket Otoscopes
The video otoscopes section is the leading segment. The market for video otoscopes is expanding due to the benefits offered by it. The increased patient preference towards health and wellbeing, higher patient and physician satisfaction from the novel tools, and the ability specialists to compare pre- and post-treatment data is increasing its demand is supporting market expansion. Video otoscopes provide high functionality, efficiency, and convenience. For instance, the MedRx video otoscope from e3 diagnostics is gaining popularity as the most practical product on the market and only needs software and a USB port on a computer to work.
Excerpts from ‘by Modality’
The global market for otoscopes is divided into wireless and wired digital segments based on modality. The wired digital segment holds majority of shares. Segment growth is accelerating with the introduction of novel products with significant R&D. Benefits include improving patient education and compliance as well as making it simple for the practitioner to see pathology and address issues with patients. Patients can receive real-time monitoring through the wired device. Easy "plug and play" setup and use made it possible by the design. The PC software is straightforward to install and offers high-resolution images that are easy to save to the patient record or email to clients or coworkers.
Excerpts from ‘By Region’
The global otoscopes market according to geography has been segmented into:
- North America
- Europe
- Asia Pacific
- Rest of the World
North America has dominated the global market owing to the availability of a variety of technically advanced otoscopes, and rising investments by public and private organizations. Asia Pacific market is expected to show high CAGR in the forecast period due to improving healthcare standards, increasing awareness, rising hospital and clinics densities, and better access to healthcare services.
Excerpts from ‘Competitive Landscape’
The prominent players operating in the global otoscopes market are:
- Rudolf Riester GmbH
- Heine Optotechnik GmbH & Co. KG
- GF Health Products, Inc.
- Prestige Medical
- Mindmark Corporation
- CellScope, Inc.
- Olympus Corporation
- American Diagnostics Corporation
- Welch Allyn (Hill-Rom Holdings, Inc.)
- Orlvision GmbH
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Table of Content
- INTRODUCTION
- Market Ecosystem
- Timeline Under Consideration
- Historical Years – 2020
- Base Year – 2021
- Forecasted Years – 2022 to 2030
- Currency Used in the Report
- RESEARCH METHODOLOGY
- Research Approach
- Data Collection Methodology
- Data Sources
- Secondary Sources
- Primary Sources
- Market Estimation Approach
- Bottom Up
- Top Down
- Market Forecasting Model
- Limitations and Assumptions
- PREMIUM INSIGHTS
- Current Market Trend (COVID-19 Perspective)
- Technological Trends
- Key Players & Competitive Positioning (2021)
- MARKET DYNAMICS
- Drivers
- Restraints/Challenges
- Opportunities
- GLOBAL OTOSCOPES MARKET - ANALYSIS & FORECAST, BY TYPE
- Video Otoscopes
- Full-Sized Otoscopes
- Pocket Otoscopes
VALUE PROPOSITIONS RELATED TO THE REPORT:
- Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
- Comprehensive quantitative and qualitative insights at segment and sub-segment level
- Covid 19 impact trends and perspective
- Granular insights at global/regional/country level
- Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
- Blanket coverage on competitive landscape
- Winning imperatives
- Exhaustive coverage on 'Strategic Developments' registered by leading players of the market
CUSTOMIZATION OPTIONS:
- Distributor Landscape Assessment
- Pricing Intelligence
- Customer Base Assessment
- Investment & Initiatives Analysis
- 'Business Profile' of Key Players
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About Us:
Growth Plus Reports is part of GRG Health, a global healthcare knowledge service company. We are proud members of EPhMRA (European Pharmaceutical Marketing Research Association).
Growth Plus portfolio of services draws on our core capabilities of secondary & primary research, market modelling & forecasting, benchmarking, analysis and strategy formulation to help clients create scalable, ground-breaking solutions that prepare them for future growth and success.
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