North America Medical Audiometer Devices Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (PC-Based Audiometer, Standalone Audiometers, and Hybrid Audiometers) and End User (Hospitals and Clinics, Diagnostic Centers, and Research Centers)
The medical audiometer devices market in North America is expected to grow from US$ 50.71 million in 2021 to US$ 69.19 million by 2028; it is estimated to grow at a CAGR of 4.5% from 2021 to 2028.
Elderly population, which is prone to several hearing ailments, is increasing. According to the Department of Economic and Social Affairs, United Nations, the number of people of age 65 and above is expected to increase to 1.5 billion by 2050. As per the estimates of the National Institute on Deafness, in the US, ~1 in 3 people belonging to age group 65–74 have hearing loss, and ~50% of these people are older than 75 and have difficulty hearing. The National Institute on Deafness & Other Communication Disorders states that at least 10 million adults in the US (i.e., 6%) are aged 70 or below and 40 million (i.e., 24%) have hearing loss in one or both ears, caused by exposure to noise. The elderly people are more likely to have hearing disability than younger people, and the effect of the disease on quality of life is particularly deep in this population. With an increase in geriatric population, the prevalence of the hearing disorders has increased, thereby propelling the demand for hearing diagnostic tools, including medical audiometer devices.
Amidst the COVID-19 crisis, the healthcare institutions have witnessed a decrease in inpatient visits to clinics to prevent the spread of the COVID-19 in the first and second quarters of 2020. As per the recent study by CDC, the number of medical emergency department (ED) visits has declined 42% during the early COVID-19. As a result, the number of elective procedures such as audiometric examinations performed per week in hospitals and clinics has decreased over time. The COVID-19 pandemic has negatively impacted the hearing healthcare practices, and those with hearing loss around the region. Social distancing has made it extremely difficult to diagnose patients accordingly and provide them with the support needed. However, market players have adopted an innovative approach of tele-audiology solutions to deal with hearing loss patients. For instance, Satellite Tele-Audiology Solutions, part of the Inventis company, is said to be the first technology of its kind. This technology allows audiologists to interact and remotely perform complete hearing assessments on their patients in real time. The ANSI-certified audiometer with an embedded audio-video platform gives the professional the control needed to interact, while testing and maintaining social distancing with patient. The testing software has a built-in video conferencing system (via App) that helps make it easy for the patient to be tested. Such developments carried out by the leading market players has resulted in the minimal impact of the COVID-19 pandemic on medical audiometer devices market.
North America Medical Audiometer Devices Market Revenue and Forecast to 2028 (US$ Million)
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North America Medical Audiometer Devices Market Segmentation
North America Medical Audiometer Devices Market – By Type
- PC-Based Audiometers
- Standalone Audiometers
- Hybrid Audiometers
North America Medical Audiometer Devices Market – By End User
- Hospitals and Clinics
- Diagnostic Centres
- Research Centres
North America Medical Audiometer Devices Market– By Country
- US
- Canada
- Mexico
North America Medical Audiometer Devices Market-Companies Mentioned
- Auditdata
- Benson Medical Instruments Co.
- Hill Rom Holding Inc.
- INTERACOUSTICS AS
- INVENTIS SRL
- MedRx
- Natus Medical Incorporated
- Smart Diagnostic Devices
1. Introduction
1.1 Scope of the Study
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
1.2.1 North America Medical Audiometer Devices Market – By Type
1.2.2 North America Medical Audiometer Devices Market – By End User
1.2.3 North America Medical Audiometer Devices Market – By Country
2. North America Medical Audiometer Devices Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Medical Audiometer Devices Market– Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.3 Experts Opinion
5. North America Medical Audiometer Devices Market– Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Prevalence of Hearing Disorders
5.1.2 Surge in Geriatric Population
5.1.3 Increased Awareness About Hearing Impairment and Respective Management
5.2 Market Restraints
5.2.1 Shortage of Trained Professionals for Using Audiometers
5.3 Market Opportunities
5.3.1 Growing Focus of Market Players and Governments on Addressing Hearing Impairment Issues
5.4 Future Trends
5.4.1 Rising Emphasis on Digital Diagnostic Hearing Devices
5.5 Impact analysis
6. Medical Audiometer Devices Market– North America Analysis
6.1 North America Medical Audiometer Devices Market Revenue Forecast and Analysis
7. North America Medical Audiometer Devices Market Analysis – By Type
7.1 Overview
7.2 North America Medical Audiometer Devices Market Share by Type, 2021 & 2028 (%)
7.3 Hybrid Audiometers
7.3.1 Overview
7.3.2 Hybrid Audiometers: North America Audiometers Market Revenue and Forecast to 2028 (US$ Million)
7.4 Standalone Audiometers
7.4.1 Overview
7.4.2 Standalone Audiometers: North America Audiometers Market Revenue and Forecast to 2028 (US$ Million)
7.5 PC-Based Audiometer
7.5.1 Overview
7.5.2 PC-Based Audiometer: North America Audiometers Market Revenue and Forecast to 2028 (US$ Million)
8. North America Medical Audiometer Devices Market Analysis – By End User
8.1 Overview
8.2 North America Medical Audiometer Devices Market Share, by End User, 2021 and 2028 (%)
8.3 Hospitals and Clinics
8.3.1 Overview
8.3.2 Hospitals and Clinics: North America Medical Audiometer Devices Market– Revenue and Forecast to 2028 (US$ Million)
8.4 Research Centers
8.4.1 Overview
8.4.2 Research Centers: North America Medical Audiometer Devices Market– Revenue and Forecast to 2028 (US$ Million)
8.5 Diagnostic Centers
8.5.1 Overview
8.5.2 Diagnostic Centers: North America Medical Audiometer Devices Market– Revenue and Forecast to 2028 (US$ Million)
9. North America Medical Audiometer Devices Market – Country Analysis
9.1 North America: Medical Audiometer Devices Market
9.1.1 Overview
9.1.3 North America: Medical Audiometer Devices Market, by Country, 2021 & 2028 (%)
9.1.3.1 US: Medical Audiometer Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.1.3.1.1 US: Medical Audiometer Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.1.3.1.2 US: Medical Audiometer Devices Market Revenue and Forecast to 2028, by Type (US$ Million)
9.1.3.1.3 US: Medical Audiometer Devices Market Revenue and Forecast to 2028, by End User (US$ Million)
9.1.3.2 Canada: Medical Audiometer Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.1.3.2.1 Canada: Medical Audiometer Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.1.3.2.2 Canada Medical Audiometer Devices Market Revenue and Forecast to 2028, by Type (US$ Million)
9.1.3.2.3 Canada Medical Audiometer Devices Market Revenue and Forecast to 2028, by End User (US$ Million)
9.1.3.3 Mexico: Medical Audiometer Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.1.3.3.1 Mexico: Medical Audiometer Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.1.3.3.2 Mexico Medical Audiometer Devices Market Revenue and Forecast to 2028, by Type (US$ Million)
9.1.3.3.3 Mexico Medical Audiometer Devices Market Revenue and Forecast to 2028, by End User (US$ Million)
10. Impact of COVID-19 Pandemic on North America Medical Audiometer Devices Market
10.1 North America: Impact Assessment of COVID-19 Pandemic
11. North America Medical Audiometer Devices Market –Industry Landscape
11.1 Overview
11.2 Inorganic Growth Strategies
11.2.1 Overview
11.3 Organic Growth Strategies
11.3.1 Overview
12. Company Profiles
12.1 Benson Medical Instruments Co.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Smart Diagnostic Devices
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Natus Medical Incorporated
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 INVENTIS SRL
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Auditdata
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 MedRx
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 INTERACOUSTICS AS
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Hill Rom Holding Inc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Medical Audiometer Devices Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. US Medical Audiometer Devices Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 3. US Medical Audiometer Devices Market, by End User- Revenue and Forecast to 2028 (US$ Million)
Table 4. Canada Medical Audiometer Devices Market Revenue and Forecast to 2028, by Type (US$ Million)
Table 5. Canada Medical Audiometer Devices Market Revenue and Forecast to 2028, by End User (US$ Million)
Table 6. Mexico Medical Audiometer Devices Market Revenue and Forecast to 2028, by Type (US$ Million)
Table 7. Mexico Medical Audiometer Devices Market Revenue and Forecast to 2028, by End User (US$ Million)
Table 8. Recent Inorganic Growth Strategies in the Medical Audiometer Devices Market
Table 9. Recent Organic Growth Strategies in the Medical Audiometer Devices Market
Table 10. Glossary of Terms, North America Medical Audiometer Devices Market
LIST OF FIGURES
Figure 1. North America Medical Audiometer Devices Market Segmentation
Figure 2. North America Medical Audiometer Devices Market Segmentation, By Country
Figure 3. North America Medical Audiometer Devices Market Overview
Figure 4. PC-Based Audiometer Segment Held the Largest Share in North America Medical Audiometer Devices Market
Figure 5. US to Show Significant Growth During Forecast Period
Figure 7. North America PEST Analysis
Figure 8. North America Medical Audiometer Devices Market: Impact Analysis of Driver and Restraints
Figure 9. North America Medical Audiometer Devices Market– Revenue Forecast and Analysis – 2020- 2028
Figure 10. North America Medical Audiometer Devices Market Share by Type, 2021 & 2028 (%)
Figure 11. Hybrid Audiometers: North America Audiometers Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. Standalone Audiometers: North America Audiometers Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. PC-Based Audiometer: North America Audiometers Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. North America Medical Devices Market Share, by End User, 2021 and 2028 (%)
Figure 15. Hospitals and Clinics: North America Medical Audiometer Devices Market– Revenue and Forecast to 2028 (US$ Million)
Figure 16. Research Centers: North America Medical Audiometer Devices Market– Revenue and Forecast to 2028 (US$ Million)
Figure 17. Diagnostic Centers: North America Medical Audiometer Devices Market– Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America: Medical Audiometer Devices Market, by Key Country – Revenue (2021) (US$ Million)
Figure 19. North America: Medical Audiometer Devices Market, by Country, 2021 & 2028 (%)
Figure 20. US: Medical Audiometer Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Canada: Medical Audiometer Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Mexico: Medical Audiometer Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Impact of COVID-19 Pandemic in North American Country Markets
- Auditdata
- Benson Medical Instruments Co.
- Hill Rom Holding Inc.
- INTERACOUSTICS AS
- INVENTIS SRL
- MedRx
- Natus Medical Incorporated
- Smart Diagnostic Devices
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America Medical Audiometer Devices Market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America Medical Audiometer Devices Market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the Medical Audiometer Devices Market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution