What can be detected with an otoscope?
The otoscope exam helps to assess the condition of the external auditory canal (EAC), tympanic membrane (TM), and the middle ear. Mastering the otoscope exam leads to accurate diagnoses, allowing for targeted treatment and prevention of complications.
The global otoscope market was valued at $216.30 million in 2021, and is projected to reach $360.80 million by 2031, growing at a CAGR of 5.4% from 2022 to 2031.
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| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $216.30 million |
| Market Size in 2031 | $360.80 million |
| CAGR | 5.4% |
| No. of Pages in Report | 260 |
| Segments covered | Product type, portability, application, and region. |
KEY FINDINGS OF STUDY
• On the basis of product type, the pocket size segment dominated the market in 2021 and is expected to continue this trend during the forecast period.
• On the basis of portability, the portable segment dominated the market in 2021, and is expected to continue this trend during the forecast period.
• Depending on application, diagnosis segment is projected to grow at a CAGR of 5.5% during the forecast period.
• Region wise, North America garnered the largest revenue share in 2021. However, Asia-Pacific is anticipated to grow at highest CAGR of 7.6% during the forecast period.
Increase in prevalence of ear-related diseases, technological advancement in otoscopes, increase in geriatric population, and rise in incidence of noise-induced hearing loss will fuel the growth of the market.
Onkar Sumant – Manager
COVID-19 Scenario:
- The outbreak of COVID-19 had a negative impact on the growth of the global otoscope market, owing to the occurrence of lockdowns in various countries across the globe. Lockdowns resulted in the cancellation or postponement of non-essential healthcare procedures.
- Hearing related issues and procedures were considered non-essential procedures as adverse problems of rapidly spreading COVID-19 infection among people was considered paramount. Thus, more and more healthcare professionals and clinics were increasingly focused on treating patients suffering from the lethal virus.
- In addition, due stringent precautionary measures announced by the government, close human contact was discouraged or required special measures in clinics and audiology shops.
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The global otoscope industry was negatively impacted by the pandemic. The hearing care industry is dependent on close customer contact. Due to stringent precautionary measures announced by the government, close human contact was discouraged or required special measures in clinics and audiology shops. As a result, hearing loss-related procedures related to mild cases were delayed during the pandemic, which impacted the sales of otoscope.
Based on application, the diagnosis segment held the largest market share in 2021, garnering nearly two-thirds of the global market, and is expected to maintain its leadership status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR of 5.5% during the forecast period. The report also analyses other subsegment such as surgical.
Based on region, the market across North America held the largest market share in 2021, garnering more than two-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The Asia-Pacific region, on the other hand, is predicted to cite the fastest CAGR of 7.6% during the forecast period.
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The key players analzyed in the global otoscope market report include Luxamed Medizintechnik, Midmark Corporation, Olympus Medical Systems, Rudolf Riester GmbH, Sync Vision, Hill Rom (Wellch Allyn), American Diagnostic Corporation, Heine Optotechnik GmbH, Kirchner & Wilhelm GmbH, Prestige Medical, Otopront, Fazzini, AUG Medical, Spengler, AdamRouilly, Orlvision GmbH, and Interacoustics A/S.
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