Global Otoscopes Market 2018-2022
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:
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.
American Diagnostic Corporation
KIRCHNER & WILHELM
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