The analysts forecast the Global otoscopes market to grow at a CAGR of 4.02% during the period 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.
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.
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.
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
- HEINE Optotechnik
- KIRCHNER & WILHELM
- Rudolf Riester
- Welch Allyn
Key Topics Covered:
1: Executive Summary
2: Scope Of The Report
3: Research Methodology
4: Market Landscape
Rt 06: Five Forces Analysis
7: Market Segmentation By Product
8: Customer Landscape
9: Market Segmentation By End-User
10: Regional Landscape
11: Decision Framework
12: Drivers And Challenges
13: Market Trends
14: Vendor Landscape
15: Vendor Analysis
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