Otoscope Market In-depth Analysis, Business Strategies, and Growth Rate

[Pavan Ishi]

Global Otoscope Market: Introduction

An otoscope is a medical device designed for examining aural environments and screen any potential ear-related disorders. Doctors and health examiners use the device to screen and analyze the symptoms of ear-related disease. The device focuses on the tympanic membrane and inner ear canal and can also be used to examine the nasal cavity and throat. Primarily, otoscope comprises a head and a handle. The head consists of a light source and a simple low powered magnifying lens. In some models, the magnifying lens is detachable, enabling a medical examiner to insert the device into the ear canal to remove cerumen (or ear wax). Binocular microscope is a predominant otoscope device used by otologists and otolaryngologists. A binocular (two-eyed) view is required in order to judge depth. If wax or another material obstructs the canal and/or a view of the entire eardrum, it can easily and confidently be removed with specialized suction tips and other microscopic ear instruments, whereas the absence of depth perception with the one-eyed view of a common otoscope makes removal of anything more laborious and hazardous. Another major advantage of the binocular microscope is that the examiner's hands are free, as the microscope is suspended from a stand. Rise in prevalence of aural and related ENT diseases is a major factor boosting the growth of the global otoscope market.

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Key Drivers of Global Otoscope Market

Rise in prevalence of ear-related diseases

The different kinds of ear infections are otitis media, Eustachian tube catarrh, otitis externa and inner ear infections presented with ear ache, fever, and hearing problems. According to the World Health Organizations, by 2050, nearly 2.5 billion people are projected to have some degree of hearing loss and at least 700 will require hearing rehabilitation. Over 1 billion young adults are at risk of permanent, avoidable hearing loss due to unsafe listening practices. Over 5% of the world’s population, around 430 million, require rehabilitation to address their ‘disabling’ hearing loss. Nearly 80% of people with disabling hearing loss live in low- and middle-income countries. The prevalence of hearing loss increases with age. Over 25% people older than 60 years are affected by disabling hearing loss. The risk factors associated with hearing loss are declining, such as rubella and in some cases meningitis. The same does not hold true in all parts of the world and for other causes.

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Increase in incidence of acute sensorineural hearing loss

The rate of incidence of sudden sensorineural hearing loss is 5 to 20 per 100,000 individuals. The actual rate of incidence of sudden sensorineural hearing loss could be higher, as affected individuals that recover quickly do not opt for medical care. The two most common bacterial infections known to cause sudden sensorineural hearing loss in the U.S. are Lyme disease and syphilis. Lyme disease is endemic in North America. It is caused by infection by a spirochete called Borrelia burgdorferi, which is transmitted by the bite of deer ticks.

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North America to Account for Major Share of Global Otoscope Market

• North America is projected to account for a major share of the global otoscope market during the forecast period. The market in the region is anticipated to grow at a rapid pace in the next few years due to increase in research & development and technologically advanced products being introduced in the market.
• Europe is expected to be the second largest market during the forecast period owing to advanced facilities provided by the hospital infrastructure in the region
• The otoscope market in Asia Pacific is likely to expand at a high CAGR during the forecast period owing to the dense population and high birthrate

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Key Players Operating in Global Otoscope Market

The global otoscope market is highly consolidated owing to the presence of small number of key players.

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