Global Otoscopes Market 2018-2022

Global Otoscopes Market 2018-2022

About otoscopes

Otoscopes are a medical device useful in assisting the physician in making a physical diagnosis of ear-related ailments such as infection, irritation, ear pain, ear discharge, and redness.

Technavio’s analysts forecast the Global otoscopes market to grow at a CAGR of 4.02% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the otoscopes market. To calculate the market size, the report considers the revenue generated from the sales of pocket otoscopes, full-size otoscopes, and video otoscopes, and end-users such as hospitals and ENT clinics.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

Technavio's report, Global otoscopes market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

• American Diagnostic Corporation
• Firefly
• HEINE Optotechnik
• KIRCHNER & WILHELM
• Rudolf Riester
• Welch Allyn

Market driver

• Growing need for diagnosing ear-related ailments coupled with older population
• For a full, detailed list, view our report

Market challenge

• Intense competition coupled with pricing pressure
• For a full, detailed list, view our report

Market trend

• Growing demand for LED otoscopes
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Press Release

Technavio Announces the Publication of its Research Report –Global Otoscopes market 2018-2022

Technavio recognizes the following companies as the key players in the otoscopes market: American Diagnostic Corporation, Firefly, HEINE Optotechnik, KIRCHNER & WILHELM, Rudolf Riester, Welch Allyn

Commenting on the report, an analyst from Technavio’s team said: “The growing demand for LED otoscopes will be a key trend driving the growth of the market. Vendors are offering otoscopes using LED as a light source that gains prominence among physicians. LED lights last longer than halogen or incandescent bulbs and work without filaments like xenon bulbs. Also, these bulbs are cool and donot burn the patients ear during diagnosis.

According to the report, the growing need for diagnosing ear-related ailments coupled with older population will be a key driver driving the growth of the market. Ear diseases often lead to pain, discomfort, or even serious hearing impairment. These eye disorders require otoscopes to examine and treat the condition. The increasing prevalence of these diseases will drive the demand for otoscopes.

Further, the report states that the intense competition coupled with pricing pressure will affect the growth of the market. Global and local vendors are offering wide range of otoscopes, with similar design and technology. The rampant price wars caused by intense competition, drives the vendors to lower the average the selling prices of otoscopes. This drives the competition for low volume and low-cost sales agreements.

Companies Mentioned

American Diagnostic Corporation

Firefly

HEINE Optotechnik

KIRCHNER & WILHELM

Rudolf Riester

Welch Allyn