Global Neonatal Hearing Screening Devices Market: Asia Pacific Regional Market Forecasted to Lead in Terms of Revenue

Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled “Global Market Study on Neonatal Hearing Screening Devices: Asia Pacific Regional Market Forecasted to Lead the Global Market in Revenue Terms During 2017 - 2025” offers a detailed analysis of the market, providing insights into the market dynamics that are expected to influence the overall market positively in the next few years. Furthermore, the product segmentation, drivers, barriers, key geographical segments, and the competitive scenario of the global Neonatal Hearing Screening Devices market have been elaborated upon in the research report.

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High birth rate in developing and under developed regions creates a huge potential for neonatal hearing screen devices market

According to a list published by the World Bank, several countries exhibited very high birth rates in 2010. These include the Republic of Niger, Mali, Zambia, Chad, and Uganda. Since many African nations exhibit very high birth rates, they also face an increased risk of neonatal problems. Many children in the Middle East and Africa are born with bilateral or permanent hearing loss. Hence, these nations would require extensive investments in neonatal care. Many Asian countries such as Afghanistan, Yemen and Iraq have also exhibited high birth rates, therefore requiring high neonatal care. Developing countries such as India have large population out of which 75% people live in rural areas who need more care and screening. Several developing countries such as Saudi Arabia, India, South Africa, and Mexico witness moderate birth rates, which would again contribute extensively towards the growing demand for neonatal care equipment. Most of these regions still lack new and advanced neonatal care equipment. There is a huge potential for neonatal hearing screen devices market in such regions.

Initiatives towards improving neonatal care boosting the market growth

Several countries across the world have undertaken various initiatives to improve neonatal hearing screening. For instance, the U.S. government is pursuing health activities through its early hearing detection and intervention (EHDI) programs, which is responsible for developing and operating a newborn hearing screening system and for providing diagnosis, early intervention and family support. This strategy was developed in consultation with partner countries, the U.S. Congress, civil society organizations, other governments and donors, multilateral and international institutions, and private sector partners.

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Many non-profit organizations around the world have started different programs to impart knowledge and information to the public, especially hearing screening programs. Various governments along with private firms have set up hospitals and healthcare facilities to make pediatric and neonatal care more accessible. These measures have brought the expenditures down for price sensitive consumers. Such initiatives by governments and other organizations are likely to increase the number of people availing these services and contribute to the growth of this market.

Technological advances in screening and intervention modalities in the United States

Recent technological advances have made universal newborn hearing screening (UNHS) feasible and have led to a radical revision of screening methods and opened the door to scientific evaluation for the benefit of early intervention. Use of portable and handheld devices and accuracy in the diagnosis of the hearing screening of infants in the U.S. drives the overall neonatal hearing screening devices market. With the improvement in OAE and ABR Technique, federally funded projects and clinical screening programs have combined to demonstrate the practicality and efficacy of UNHS programs.

Global Neonatal Hearing Screening Devices Market Analysis and Forecast, By Region

As per the forecasts provided by Persistence Market Research, the North America neonatal hearing screening devices market was estimated to be valued at US$ 6.7 Mn in 2017 and is anticipated to reach a valuation of US$ 9.2 Mn in 2025, exhibiting a CAGR of 4.1% during the period of assessment 2017-2025. The Europe neonatal hearing screening devices market was estimated to be valued at US$ 7.4 Mn in 2017 and is likely to reach a valuation of US$ 10.9 Mn in 2025, exhibiting a CAGR of 4.9% during the period of forecast.

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