Otoscopes are utilized by audiologists, and ENT specialists that assists them in making a physical diagnosis of ear-related ailments such as infection, ear pain, irritation, ear discharge, and redness. Otoscopes vary in size, sophistication, and cost . It comprises components such as illumination system, lens system, handle, power source, and other components. There are various types of otoscopes available in the market, including fixed otoscopes, portable otoscopes, and digital connections equipped otoscopes. Some of the commercially available otoscopes include MacroView Otoscope, video otoscope MedRx, HORUS+ HD, iO1 OTO Pro, EN-OUT, and Delfino among others.
Hearing loss or impairment has become one of the most common conditions in patients, especially in developed nations. According to the WHO , over 430 million people worldwide, that is around 5% of the world’s population are living with hearing loss and is expected to increase among 700 million or 1 in 10 people by 2050. The prevalence of deafness increases with age and 25% of people aged 60 years and above are affected by hearing loss disability. Moreover, infections such as otitis media, measles, or meningitis are also common causes of deafness in low-income countries. Therefore, the increased burden of ENT disease is expected to boost the otoscope market during the forecast period and provide lucrative growth opportunities to market players in the coming years.
Furthermore, an increase in the number of approvals and new product launches are expected to drive market growth during the forecast period. Advancements in technology like LED, Video, or portable otoscopes significantly propel the growth of the otoscopes market. For instance,
Delfino by Inventis is a wireless video otoscope that can capture and store quality images of the ear canal on a traditional display or on a computer screen
Similarly, SyncVision Technology Corporation's iO1 OTO is a digital portable otoscope with a built-in LCD screen. A clear image of the ear canal can be instantly viewed by the specialist on the LCD screen
In April 2021 , Hill-Rom launched the new Welch Allyn® PanOpticTM Plus Ophthalmoscope and MacroView® Plus Otoscope to provide caregivers better, and brighter views in earlier diagnosis and treatment
In July 2020, MedRx Inc., an audiometric equipment company, introduced a new USB video otoscope that integrates into software to provide high-quality images
These technological advancements are expected to boost the market growth during the forecast period.
However, the high cost and lack of advanced otoscope awareness in developing countries are expected to slow the market growth during the forecast period. In addition, fierce competition, coupled with price pressure, and product cloning in the Chinese and Indian markets is a potential constraint that impedes overall growth in the market.
Key players that are part of the otoscope market include Welch Allyn, Inc., American Diagnostic Corporation, Orlvision GmbH, 3M, SyncVision Technology Corporation, Rudolf Riester GmbH, Heine Optotechnik, Spengler SA, Olympus Corporation, Inventis SRL, Luxamed GmbH & Co. KG, Dino-Lite, and CellScope, Inc. among others.
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