Global Otoscopes Strategic Research Report 2023: Market to Reach $240.1 Million by 2030 - Integration of Advanced Features Driving Growth with Smartphone-Enabled Otoscopes Gaining Traction

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Dec 11, 2023, 18:30 ET

DUBLIN, Dec. 11, 2023 /PRNewswire/ -- The "Otoscopes - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Otoscopes Market to Reach $240.1 Million by 2030

The global market for Otoscopes estimated at US$174.6 Million in the year 2022, is projected to reach a revised size of US$240.1 Million by 2030, growing at a CAGR of 4.1% over the analysis period 2022-2030. Pocket-Size Otoscopes, one of the segments analyzed in the report, is projected to record 3.9% CAGR and reach US$150.5 Million by the end of the analysis period. Growth in the Full-Size Otoscopes segment is estimated at 4.2% CAGR for the next 8-year period.

The report on otoscopes provides a comprehensive overview of this medical device market. It starts with an introduction to otoscopes and their significance in healthcare. The global economic update sets the context for market analysis. In terms of market share, the report outlines the key competitors in the global otoscopes market for 2023 and assesses their competitive presence, categorizing them as strong, active, niche, or trivial players in the industry.

The rising incidence of hearing loss is identified as a significant driver for the global otoscopes market in the long term. To support this, the report presents a snapshot of global hearing loss statistics, including data on the number of people with disabling hearing loss worldwide, the distribution of hearing loss by region, and more.

The global market overview and prospects section of the report paints an optimistic picture of the otoscope market's growth. It highlights favorable trends and growth factors, with North America leading the market and Asia-Pacific showing lucrative growth potential. The market is driven by various types of otoscopes, including pocket and portable otoscopes, as well as video otoscopes, with hospitals as the primary end-user segment.

The U.S. Market is Estimated at $54.3 Million, While China is Forecast to Grow at 6.4% CAGR

The Otoscopes market in the U.S. is estimated at US$54.3 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$23.5 Million by the year 2030 trailing a CAGR of 6.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 3.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.

Select Competitors

What`s New?

Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET TRENDS & DRIVERS

Integration of Advanced Features and Technology Driving Growth for Otoscopes Market
Smartphone-Enabled Otoscopes Witness Increased Popularity in Otolaryngology
AI to Emerge as a Major Game Changer in Otolaryngology
AI Adds Potent Touch to Digital Otoscopy for Universal Access to Ear Care
Future Hearing Tools to be Shaped by Technology
AI-Powered Solutions to Break Access Barrier
Video Otoscopes: An Audible Trend Re-Envisioning the Audiology Space
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
World Hearing Loss Prevalence (%) by Age Group (in %): 2019
Wireless Otoscopes to Witness Strong Growth
Uptrend in Healthcare Expenditure Creates Substantial Opportunities
World Healthcare Expenditure (In US$ Trillion) for the Years 2019, 2021 & 2023
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
OtoPhoto, an AI-Integrated Digital Otoscope Developed by JHU and UMD Researchers for Paediatric Ear Disease Diagnosis
Home Digital Otoscopes
DEPSTECH Wireless Otoscope
Teslong Otoscope
Anykit USB Otoscope-Ear Scope Camera

FOCUS ON SELECT PLAYERS (Total 77 Featured)

GF Health Products, Inc.
Hill-Rom Holdings, Inc.
American Diagnostic Corporation
Heine Optotechnik GmbH & Co. KG
Happersberger Otopront GmbH
Bosch + Sohn GmbH u. Co. KG
CellScope, Inc.
GPC Medical Ltd.
Interacoustics A/S
Endoservice GmbH
Firefly Global
Inventis Srl
Arno Barthelmes Zella-Mehlis GmbH
AME WORLDWIDE
Apothecary Products, LLC.

For more information about this report visit https://www.researchandmarkets.com/r/xxty47

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