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Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global otoscopes market. Market segmentation includes product (Pocket-size Otoscopes, Full-size Otoscopes, and Video Otoscopes).

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24 November 8:34 a.m., Silicon Valley, California - According to the new market research report, the global market for Otoscopes is projected to grow at a CAGR of 3.2% reach US$204.4 million by 2027, driven by the rising incidence of hearing loss; growing number of ear disorders and ENT related diseases; and increase in noise pollution and rising causalities with ear disorders. Hearing loss or impairment is one of the leading global public health problems, adversely affecting the communication ability, independence, wellbeing, and quality of life. Besides age-related factors, the growing prevalence of hearing loss is a product of genetic factors; complications during pregnancy and childbirth; the spread of highly contagious diseases such as meningitis, rubella and mumps; injuries; polypharmacy and high noise pollution. Besides hearing loss, the otoscopes market is also driven by growing aging population and increasing healthcare infrastructure. Given the fact that the potential incidence of hearing loss is higher in the aged population, the rise in number of people above 65 years presents significant market opportunities for devices used in their management. In addition to demographics, other factors that could lead to increase in number of patients with hearing loss include higher damages to hearing caused due to environmental factors. The global prevalence of audibility-related conditions is creating a pressing need for otoscopes for desirable medical intervention and treatment. In addition, there are over 285 million visually-impaired children and adults, and the number is anticipated to increase consistently in the coming years. The scenario is driving the demand for ophthalmoscopes and otoscopes to diagnose eye- and ear-related diseases. Moreover, rising prevalence of glaucoma in countries, such as China, India, Brazil, Oman, and Morocco is prompting healthcare organizations and governments to take proactive measures for controlling the situation. These endeavors are bound to create substantial demand for Otoscopes across these emerging economies.

It is estimated that close to half of people in the age group of 12-35 years, or around 1.1 billion individuals, are susceptible to suffer from hearing loss due to excessive and prolonged exposure to loud noises, which include music that they listen to using their personal audio devices. With the aim of preventing the risk of hearing loss in these young individuals, the WHO and the International Telecommunication Union (ITU) in 2019 issued an international standard related to the manufacturing and usage of audio devices, including audio players and smartphones, for ensuring that they do not cause disabling hearing loss. As per the newly-issued voluntary WHO-ITU standard for safe listening devices, personal audio devices are recommended to include a software for tracking the duration and level of listener's exposure to noise. In addition, the standard suggests creation of a personalized listening profile on the basis of the listening profile of the user, providing them information whether their listening is safe and also giving cues for necessary action in case it is not. The standard also recommends that audio devices feature options for limiting the volume, including parental volume control and automatic volume reduction.

In recent years, smartphone-enabled otoscopes are emerging as a vital tool for doctors to examine the patient's tympanic membrane and external auditory canal. Apart from being a convenient and quick diagnostic aid, these portable devices are also serving as a valuable teaching tool during pre-clinical otoscopy education. Amid the COVID-19 outbreak, when people are increasingly staying at home and refraining from going outside, smartphone-enabled wireless otoscope-assisted online telemedicine is emerging as an important solution for delivering otolaryngology services online. The global market for otoscopes is garnering a significant momentum from consistent focus of leading manufacturers on technological advances to offer sophisticated products. Some of the vendors are offering digital portable otoscope with inbuilt LCD screen that allows physicians to view high-quality pictures of the ear canal. The market growth is also bolstered by increasing launch of new products that replace traditional lens otoscopes and support digital connectivity through Wi-Fi. These technological advances are anticipated to play an important role in assisting vendors in strengthening their market positions and provide a significant impetus to the global otoscopes market.

Research Methodology
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. The views, opinions and findings presented are based on validated engagements from a total executive pool size of 1368. Among this pool, 198 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 19 unique participations, a total of 11 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.

Key Competitors Covered in the Report -
Olympus Corporation
GF Health Products, Inc.
Hill-Rom Holdings, Inc.
Henry Schein, Inc.
Rudolf Riester GmbH
American Diagnostic Corporation
Heine Optotechnik GmbH & Co. KG
Kirchner & Wilhelm GmbH + Co. KG
GPC Medical Ltd.
Spengler Instruments

Segments Covered in the Report -
Product (Pocket-size Otoscopes, Full-size Otoscopes, Video Otoscopes)
End-Use (Hospitals, ENT Clinics, Other End-Uses)

Geographies Analyzed in the Report -
World
USA
Canada
Japan
China
Europe
France
Germany
Italy
UK
Spain
Russia
Rest of Europe
Asia-Pacific
Australia
India
South Korea
Rest of Asia-Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East
Iran
Israel
Saudi Arabia
UAE
Rest of Middle East
Africa.

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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world`s only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.

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