Audiometer Market 2019 Demand & Competitive Analysis by 2026

Findings from Facts and Factors report "Audiometer Market By Product Type(Diagnostic Audiometers, Screening Audiometers, and Clinical Audiometers), By Portability (Hybrid Audiometer, Stand-alone Audiometer, and PC-Based Audiometer), and By End-User (Specialty Clinics & Hearing Aid Centers, Hospital, and Research Centers & Institutes): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020-2026" states that the global Audiometer market in 2019 was approximately USD 180 Million. The market is expected to grow at a CAGR of 5% and is anticipated to reach around USD 250 Million by 2026.

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The audiometer is utilized for audiometric testing. Three main types of audiometers are available in the market, depending upon the tests conducted in the audiometric inspection. These audiometers are diagnostic audiometers, clinical audiometers, and screening audiometers. The applications of audiometers are mainly in specialty clinics & hearing aid centers, hospitals, and research centers & institutes.

Rising application of audiometric tests to assess speech discrimination as well as hearing ability coupled with increased prevalence in hearing disorders is the major driver of the target market growth. In addition, the growing importance of childhood hearing screening is propelling the target market growth. Early detection could diminish the hearing loss impact on a child's personality development as well as educational achievements. However, high prices of audiology devices, as well as reimbursement issues, are expected to hamper the target market growth over the forecast period. Nevertheless, several innovative and advanced products associated with audiometers are likely to create growth opportunities over the forecast period.

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In terms of product type, the target market is categorized as diagnostic audiometers, screening audiometers, and clinical audiometers. Among these categories, the diagnostic audiometers category is anticipated to dominate the segment. Diagnostic audiometers are majorly utilized for the diagnosis of any hearing disorder. Moreover, there are several latest advancement in the diagnostic audiometer such as digital noise cancellation and speech enhancement. Furthermore, diagnostic audiometers are easily available at clinics, retail stores, large-scale wholesalers, and governmental stores.

In terms of portability, the target market is categorized as a hybrid audiometer, stand-alone audiometer, and PC-based audiometer. Among these categories, PC-based audiometer is anticipated to lead the segment. These types of audiometer are most commonly used in research centers, hospitals, and audiology centers. The audiometers are highly accurate.

In terms of end-user, the target market is categorized as specialty clinics & hearing aid centers, hospitals, and research centers & institutes. Among these categories, the hospital's category is expected to dominate the segment owing to the high usage of audiometers in hospitals and clinics. Leading hospitals use diagnostic procedures, latest technology, and instruments to diagnose hearing defects.

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In terms of region, the target market is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these regions, North America is expected to be the dominating region over the forecast period. Factors such as availability of audiometry testing services coupled with high consumer awareness in the region have surged the target market growth in the region. Moreover, government regulations and standards regarding workplace hearing assessment have propelled the target market growth in the region.

Some of the key players operating in the target market are Inventis, RION Co. Ltd., Natus Medical Incorporated, Resonance, Arphi Electronics Private Limited, Demant, ATMOS MedizinTechnik GmbH & Co. KG, Guangzhou GZRisound Medical Instrument Co., Ltd., and others.

This report segments the Audiometer market as follows:

Global Audiometer Market: By Product Type Segmentation Analysis

Diagnostic Audiometers
Screening Audiometers
Clinical Audiometers

Global Audiometer Market: By Portability Segmentation Analysis

Hybrid Audiometer
Stand-alone Audiometer
PC-Based Audiometer

Global Audiometer Market: By End-User Segmentation Analysis

Specialty Clinics & Hearing Aid Centers
Hospital
Research Centers& Institutes

Global Audiometer Market: Regional Segmentation Analysis

North America
The U.S.
Canada
Europe
Germany
The UK
France
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa

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