Pocket Otoscope Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Market is Segmented by Application, End-User (Hospitals, ENT Clinics, and Others) and Geography

Market Snapshot

Market Snapshot -Pocket Otoscope
Study Period: 2018 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 4 %

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Market Overview

The pocket otoscopes market is projected to grow with a CAGR of nearly 4% over the forecast period. The growing prevalence of ear-related diseases and growing burden of preventable hearing loss increasing the demand for advanced diagnostic devices for ear diseases and disorders. According to the World Health Organization (WHO), an estimated 6.1% of the world population (466 million) was living with hearing loss in 2018. Added to that, 34% of this population is children only. In addition, the advent of rechargeable otoscope which is pocket-friendly and easy to use, and a growing number of otolaryngology specialists across the globe is expected to boost the market growth over the forecast period. However, the cloning of the products in underdeveloped and developing countries is anticipated to hamper the market growth.

Scope of the Report

As per the scope of the report, pocket otoscopes are medical devices which are used in the diagnosis of the external auditory canal and middle ear, which are pocket-friendly.

By Application
Diagnostic
Surgical
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Diagnosis segment is Expected to Witness Healthy Growth

Pocket otoscopes are designed to fit in the pocket and are less bulky compared to other types of otoscopes. The growing adoption of these devices for the examination of the ear during the diagnosis is anticipated to boost the market growth. Furthermore, the increasing prevalence of ear infections, tinnitus and other conditions are anticipated to boost the market growth over the forecast period. According to the Hearing Health Foundation, meniers disease impacts 12 in 1000 people worldwide. It's estimated that there are 600,000 to 700,000 cases of miniers disease in United States alone. Diagnosis of the ear diseases has become easier with the help of otoscopes and advancements in the same has provided pocket friendly otoscopes which is augmenting the demand for pocket otoscopes for diagnosis purpose. 

World Health Organization (WHO), estimates in children under 15 years of age, about 60% of the hearing loss is due to preventable causes. The early detection and treatment will decrease the hearing loss burden among the population. The burden of curable hearing loss, increasing the demand for quick diagnosis and treatment of ear-related diseases.

Pocket Otoscope Trends.png

North America is Anticipated to Have Significant Growth

Among the regional segments, North America is expected to have significant market growth over the forecast period. The growth is attributed to well established healthcare infrastructure, growing prevalence of ear disorders in the region. Moreover, one-third of the population is above 65 years and is majorly concentrated in South Asian, Asia-Pacific, and Sub-Saharan African regions. Majority of the population suffering from hearing impairment is living in developing countries. Globally, with an increase in the number of people suffering from hearing impairment, especially in Europe and the United States, the demand for hearing aids is expected to increase significantly over the next decade.

Pocket Otosocpes Market - Growth Rate by Region - Image

Competitive Landscape

Global pocket otoscope market is moderately fragmented and competitive. Market players are focusing on new product launches, product innovations and geographical expansion. The key market players operating in the market include Welch Allyn, Inc, Sync Vision, Luxamed, Oaktree Products, Inc., and American Diagnostic Corporation among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Advancements in Product Technologies

      2. 4.2.2 Growing Prevalence of Ear Related Diseases

    3. 4.3 Market Restraints

      1. 4.3.1 Lack of Skilled Professionals

      2. 4.3.2 Cloning of the Products in Underdeveloped and Developing Countries

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Application

      1. 5.1.1 Diagnostic

      2. 5.1.2 Surgical

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Mexico

      2. 5.2.2 Europe

        1. 5.2.2.1 Germany

        2. 5.2.2.2 United Kingdom

        3. 5.2.2.3 France

        4. 5.2.2.4 Italy

        5. 5.2.2.5 Spain

        6. 5.2.2.6 Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. 5.2.3.1 China

        2. 5.2.3.2 Japan

        3. 5.2.3.3 India

        4. 5.2.3.4 Australia

        5. 5.2.3.5 South Korea

        6. 5.2.3.6 Rest of Asia-Pacific

      4. 5.2.4 Middle-East and Africa

        1. 5.2.4.1 GCC

        2. 5.2.4.2 South Africa

        3. 5.2.4.3 Rest of Middle-East and Africa

      5. 5.2.5 South America

        1. 5.2.5.1 Brazil

        2. 5.2.5.2 Argentina

        3. 5.2.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Rudolf Riester GmbH

      2. 6.1.2 Welch Allyn

      3. 6.1.3 American Diagnostic Corporation

      4. 6.1.4 Heine Optotechnik GmbH

      5. 6.1.5 Kirchner & Wilhelm GmbH

      6. 6.1.6 Luxamed Medizintechnik

      7. 6.1.7 Sync Vision

      8. 6.1.8 Oak Tree Products, Inc.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Pocket Otoscope Market market is studied from 2018 - 2026.

The Pocket Otoscope Market is growing at a CAGR of 4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Welch Allyn, Inc, Sync Vision, Luxamed, Oaktree Products, Inc., American Diagnostic Corporation are the major companies operating in Pocket Otoscope Market.

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