Hearing Screening and Diagnostic Devices Market 2018 Major Participants: Siemens Healthcare GmbH, Phillips Plastics Corporation, OTODYNAMICS LTD, Neurosoft, Natus Medical Incorporated, NASHUA HEARING GROUP

The, Hearing Screening and Diagnostic Devices Market inquire about report is developing with the quick pace; chiefly due the prospering Healthcare Sector. As per a current report distributed by the Market Research Future, The , Hearing Screening and Diagnostic Devices Industry Research report is blasting and anticipated that would pick up unmistakable quality over the conjecture time frame. The Market is anticipated to exhibit a colossal development by 2023, outperforming its past development records as far as esteem and volume.

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Regional Analysis:
Regionally, the global hearing screening and diagnostic devices market is segmented into: America, Europe, Asia Pacific, and the Middle East & Africa. America commands the major share of the market owing to the presence of leading companies, huge geriatric population and well developed technology. Additionally, high per capita income and increasing demand for the better devices will fuelled the market growth. Europe holds the second position in the global hearing screening and diagnostic devices market owing to availability of the funds and strong government support. Asia-Pacific is fastest growing market region for this market due to presence of huge patient pool, and rapidly developing economies. Whereas, the Middle East and Africa accounts for the least and slowest growing market due to the limited technological development and poor economic conditions. The Middle East is the major contributor for the market in the Middle East and Africa due to the presence of well-developed economies and huge healthcare spending.

Global Hearing Screening and Diagnostic Devices Market – Overview:
Hearing screening and diagnostic devices are the instruments used in the treatment of the deafness. During last few decades, there is a significant increase in the number of patient suffering from deafness. Market Research Future, a firm which specializes in market reports related to the healthcare sector among others, recently forecasted in its report on Global Hearing Screening and Diagnostic Devices Market Research Report- Forecast to 2027 that the market will demonstrate a steady CAGR of 8.65% while achieving million dollar growth readily in the forecast period.

Hearing loss is a partial or total impairment of the ability to hear. It is also known as hearing impairment. Hearing loss can arise from hereditary as well as non-hereditary factors or due to certain complications during childbirth or pregnancy. Acquired causes of hearing loss may include infectious diseases such as meningitis, measles or other chronic ear infections. The global hearing screening and diagnostic devices market is majorly driven by increasing geriatric population, rise in the number of cases of deafness due to increasing levels of noise pollution along with ear infections, birth complications and genetic disorders. According to the National Institute on Deafness and Other Communication Disorders, (2015), approximately 15% of American adults (37.5 million) aged 18 and over report some trouble hearing. Furthermore, continuous technological advancements in medical devices has fuelled the growth of the market. However, high cost of the devices may hamper the market growth.

The hearing screening and diagnostic devices is driven by changing trends. Recently there has been an increase in the demand for these devices. During last few years, there is an introduction of a number of different advanced and latest devices. Introduction of the cochlear implants has bring the revolution in the hearing screening and diagnostic devices. The use of hearing screening and diagnostic devices has gained importance in the medical fields due to its potential to improve the quality of life. Additionally, continuous innovations in hearing screening and diagnostic devices have led to transformation of medical devices industry.

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Competitive Analysis:
Owing to the presence of the huge player in the market, some players are involve in the launching of the new products. Whereas, some major player are focusing on the acquisition and collaboration for the development of the market.

The key players profiled in hearing screening and diagnostic devices are Abbott (U.S.), Siemens Healthcare GmbH (Germany), Audiology Systems (U.S.), Phillips Plastics Corporation (The Netherland), OTODYNAMICS LTD (U.S.), GE Healthcare (U.K), Intelligent Hearing Systems (U.S.), Natus Medical Incorporated (U.S.), Otometrics (U.S.), Starkey Laboratories Inc. (U.S.), Vivosonic, Inc. (U.S.), Welch Allyn (U.S.) and others.

Latest Industry Updates:
Being a competitive market, a number of different manufacturer are focusing on the product launch, and acquisition for the market development. Some of the latest development in the market are-

Oct 2017, Sohum Innovation Labs, a MedTech company provides an affordable neonatal screening system for hearing impairment will soon launch a device for screening hearing impairment in newborns.

June 2014, Natus Medical, a leading provider of medical devices, software & services for newborn care, neurology, sleep, hearing and balance markets introduced the Echo-Screen III hearing screener, which is an advanced handheld hearing screening device. Introduction of this product will help the company to strengthen their product portfolio to sustain its position in the market.

Segments:
Global hearing screening and diagnostic devices market has been segmented on the basis of type of test which comprise of tympanometry tests, pure-tone test, speech reception threshold test (SRT), most comfortable listening level test (MCL), uncomfortable loudness level test (UCL), speech discrimination test, bone conduction test and others. On the basis of type of device; market is segmented into screening devices, audiometric examination devices and others. On the basis of indication; market is segmented into conductive hearing loss, sensorineural hearing loss, combination hearing loss and others.

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