US Market Report for Diagnostic Hearing Devices 2017 - MedCore
The aging of the baby boom generation will help drive moderate growth in this market. The growth of the over-65 demographic group will increase the demand for auditory screening and diagnoses. Technical improvements will also contribute to market growth. Diagnostic hearing devices are often required by medical professionals in order to meet the standard of care for certain diagnostic procedures. This creates a captive market for the device, which generates demand. An OAE analyzer is often used in conjunction with an ABR analyzer. The devices are not substitutes for each other, so any audiologist carrying out infant screening must have both devices. ABR analyzers, in conjunction with OAE analyzers, are required pieces of equipment for carrying out infant hearing screening examinations. Government programs and private institutions conduct auditory screening programs using screening audiometers. The initiation and upkeep of these programs creates demand for screening audiometers and generates growth in this market. In addition, screening audiometers are required for health care programs that include screening for hearing loss. New legislation at the federal and state level or new initiatives launched by private institutions due to the expansion of health care programs will drive sales of screening audiometers and produce growth in this market. Diagnostic audiometers are a necessary component of any hearing evaluation. This makes them required equipment for all audiologists and hearing instrument specialists and creates a captive market for diagnostic audiometers, which drives demand and generates growth in the market.
Diagnostic hearing devices are designed to assist physicians, audiologists and hearing instrument specialists to evaluate patient hearing and conducting physical diagnosis in and around the ear. These devices fit into three broad categories: equipment used for conducting a clinical diagnosis of hearing loss, equipment for screening potential hearing loss and equipment used for performing physical diagnosis. Diagnostic audiometers and tympanometers are used for clinical diagnosis. Screening and industrial audiometers (also known as occupational audiometers) are used for hearing loss screenings. Otoscopes are used for performing physical diagnoses.
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