Otoscope Market Growth & Trends
The global otoscope market size is expected to reach USD 240.90 million by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.1% from 2022 to 2030. The rising prevalence of ENT-related disorders and increasing penetration of minimally invasive ENT procedures are among the key trends stimulating industry growth. According to the WHO, 5% of the global population suffers from hearing loss, which is nearly 432 million adults and 34 million children. Due to the growing awareness regarding the diagnosis of chronic otitis media, the demand for otoscopy is increasing.
A moderate impact has been observed during the COVID-19 outbreak on industry growth. In the worst-hit months of 2020, mass closure of ENT clinics and termination of elective surgical procedures in hospitals drove down sales of otoscopes. However, resumption of surgical procedures and gradual increase to reach the pre-pandemic surgical volume are expected to increase product demand and reduce revenue losses medical care providers and manufacturers suffer.
Moreover, introducing new products and incorporating new technologies by the industry players are expected to propel the market growth during the forecast period. For instance, in April 2021, Hill-Rom launched the new Welch Allyn PanOptic Plus Ophthalmoscope and MacroView Plus Otoscope to provide caregivers with better, brighter views in earlier diagnosis and treatment.
Otoscope Market Report Highlights
- Based on type, the pocket otoscope segment accounted for a dominant share of above 65.0% in 2021 as it is comparatively less bulky, lighter in weight, and widely used by ENT practitioners
- Based on portability, the portable segment held the largest share of over 70.0% in 2021. This type of otoscope allows greater mobility and can be used anywhere in the clinic and even on home visits
- The hospital end-user segment dominated the market with a share of over 50.0% in 2021
- North America captured a leading revenue share of over 30.0% in 2021 owing to the increasing burden of diseases related to ENT and the introduction of technologically advanced products in the region
- Chapter 1 Methodology and Scope
- 1.1 Market Segmentation and Scope
- 1.1.1 Type
- 1.1.2 Modality
- 1.1.3 Portability
- 1.1.4 End-User
- 1.1.5 Estimates And Forecast Timeline
- 1.2 Research Methodology
- 1.3 Information procurement
- 1.3.1 Purchased Database:
- 1.3.2 GVR’s Internal Database
- 1.3.3 Secondary Sources
- 1.3.4 Primary Research
- 1.3.5 Details Of Primary Research
- 1.4 Information or Data Analysis
- 1.4.1 Data Analysis Models
- 1.5 Market Formulation & Validation
- 1.6 Model Details
- 1.6.1 Commodity Flow Analysis (Model 1)
- 1.6.1.1 Approach 1: Commodity Flow Approach
- 1.6.2 Volume Price Analysis (Model 2)
- 1.6.2.1 Approach 2: Volume price analysis
- 1.7 List of Secondary Sources
- 1.8 List of Primary Sources
- 1.9 List of Abbreviations
- 1.10 Objectives
- 1.10.1 Objective 1
- 1.10.2 Objective 2
- 1.10.3 Objective 3
- 1.10.4 Objective 4
- Chapter 2 Executive Summary
- 2.1 Market Outlook
- 2.2 Segment Outlook
- 2.3 Competitive Insights
- Chapter 3Otoscope Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Parent Market Outlook
- 3.1.2 Ancillary Market Outlook
- 3.2 Penetration & Growth Prospect Mapping
- 3.3 Regulatory Framework
- 3.4 Product Pipeline Analysis
- 3.5 Product Pipeline Analysis
- 3.6 Consumer Behavior Analysis
- 3.6.1 Market Influencer Analysis
- 3.7 Market Dynamics
- 3.7.1 Market Driver Analysis
- 3.7.1.1 Rising burden of ENT-related disorders
- 3.7.1.2 Increase in geriatric population
- 3.7.1.3 High prevalence of noise-induced hearing loss
- 3.7.2 Market Restraints Analysis
- 3.7.2.1 High cost of smart otoscopes
- 3.7.3 Market Restraints Analysis
- 3.7.3.1 Technological advancements in otoscopes
- 3.8 Otoscope: Market Analysis Tools
- 3.8.1 Industry Analysis - Porter’s
- 3.8.2 Swot Analysis, By PEST
- 3.9 Otoscope: COVID-19 Impact
- 3.9.1 Changing market trends
- 3.9.2 Supply/logistics impact
- 3.10 Market Entry Strategies
- 3.10.1 Innovation/OEM
- 3.10.2 Geographic expansion
- 3.10.3 Product launches
- 3.10.4 Tapping unmet needs
- Chapter 4 Otoscope Market: Segment Analysis, By Type, 2018 - 2030 (USD Million)
- 4.1 Definition and Scope
- 4.2 Type Market Share Analysis, 2021 & 2030
- 4.3 Segment Dashboard
- 4.4 Otoscope Market, by Type, 2018 to 2030
- 4.5 Market Size & Forecasts and Trend Analyses, 2018 to 2030
- 4.5.1 Pocketotoscope
- 4.5.1.1 PocketOtoscope Market, 2018 - 2030 (USD Million)
- 4.5.2 Full-sizedotoscope
- 4.5.2.1 Full-sizedOtoscope Market, 2018 - 2030 (USD Million)
- 4.5.3 Video otoscope
- 4.5.3.1 Video Otoscope Market, 2018 - 2030 (USD Million)
- Chapter 5 Otoscope Market: Segment Analysis, By Modality, 2018 - 2030 (USD Million)
- 5.1 Definition & Scope
- 5.2 Modality Market Share Analysis, 2021 & 2030
- 5.3 Segment Dashboard
- 5.4 Otoscope Market, By Modality, 2018 to 2030
- 5.5 Market Size, & Forecasts, Volume and Trend Analysis, 2018 to 2030
- 5.6 Wired Digital
- 5.6.1 Wired digital market, 2018 - 2030 (USD Million)
- 5.6.2 Wireless
- 5.6.2.1 Wireless market, 2018 - 2030 (USD Million)
- Chapter 6Otoscope Market: Segment Analysis, By Portability, 2018 - 2030 (USD Million)
- 6.1 Definition & Scope
- 6.2 Portability Market Share Analysis, 2021 & 2030
- 6.3 Segment Dashboard
- 6.4 Otoscope Market, By Portability, 2018 to 2030
- 6.5 Market Size, & Forecasts, Volume and Trend Analysis, 2018 to 2030
- 6.6 Wall-Mounted
- 6.6.1 Wall-Mounted market, 2018 - 2030 (USD Million)
- 6.6.2 Portable
- 6.6.2.1 Portable market, 2018 - 2030 (USD Million)
- Chapter 7Otoscope Market: Segment Analysis, By End-user, 2018 - 2030 (USD Million)
- 7.1 Definition & Scope
- 7.2 End-user Market Share Analysis, 2021 & 2030
- 7.3 Segment Dashboard
- 7.4 Otoscope Market, By End-user, 2018 to 2030
- 7.5 Market Size, & Forecasts, Volume, and Trend Analysis, 2018 - 2030
- 7.6 Hospitals
- 7.7.1 Hospitals market, 2018 - 2030 (USD Million)
- 7.7.2 ENT clinics
- 7.7.2.1 ENT clinics market, 2018 - 2030 (USD Million)
- 7.7.3 Others
- 7.7.3.1 Others market, 2018 - 2030 (USD Million)
- Chapter 8Otoscope Market: Regional Market Analysis, By Type, By Modality, By Portability, By End-user, 2018 - 2030 (USD Million)
- 8.1 Definition & Scope
- 8.2 Regional Market Share Analysis, 2021 & 2030
- 8.3 Regional Market Snapshot
- 8.4 Market Size, & Forecasts, and Trend Analysis, 2021 & 2030
- 8.5 North America
- 8.5.1 North America Otoscope Market, 2018 - 2030 (USD Million)
- 8.5.2 U.S.
- 8.5.2.1 U.S. Otoscope Market, 2018 - 2030 (USD Million)
- 8.5.3 Canada
- 8.5.3.1 Canada Otoscope Market, 2018 - 2030 (USD Million)
- 8.6 Europe
- 8.6.1 Europe Otoscope Market, 2018 - 2030 (USD Million, Units)
- 8.6.2 U.K.
- 8.6.2.1 U.K. Otoscope Market, 2018 - 2030 (USD Million)
- 8.6.3 Germany
- 8.6.3.1 Germany Otoscope Market, 2018 - 2030 (USD Million)
- 8.6.4 France
- 8.6.4.1 France Otoscope Market, 2018 - 2030 (USD Million)
- 8.6.5 Italy
- 8.6.5.1 Italy Otoscope Market, 2018 - 2030 (USD Million)
- 8.6.6 Spain
- 8.6.8.1 Spain Otoscope Market, 2018 - 2030 (USD Million)
- 8.7 Asia Pacific
- 8.7.1 Asia Pacific Otoscope Market, 2018 - 2030 (USD Million, Units)
- 8.7.2 Japan
- 8.7.2.1 Japan Otoscope Market, 2018 - 2030 (USD Million)
- 8.7.3 China
- 8.7.3.1 China (Mainland) Otoscope Market, 2018 - 2030 (USD Million)
- 8.7.4 India
- 8.7.4.1 India Otoscope Market, 2018 - 2030 (USD Million)
- 8.7.5 South Korea
- 8.7.5.1 South Korea Otoscope Market, 2018 - 2030 (USD Million)
- 8.7.6 Australia
- 8.7.8.1 Australia Otoscope Market, 2018 - 2030 (USD Million)
- 8.8 Latin America
- 8.8.1 Latin America Otoscope Market, 2018 - 2030 (USD Million)
- 8.8.2 Brazil
- 8.8.2.1 Brazil Otoscope Market, 2018 - 2030 (USD Million)
- 8.8.3 Mexico
- 8.8.3.1 Mexico Otoscope Market, 2018 - 2030 (USD Million)
- 8.8.4 Aregentina
- 8.8.4.1 Argentina Otoscope Market, 2018 - 2030 (USD Million)
- 8.8.5 Colombia
- 8.8.5.1 Colombia Otoscope Market, 2018 - 2030 (USD Million)
- 8.9 MEA
- 8.9.1 MEA Otoscope Market, 2018 - 2030 (USD Million)
- 8.9.2 South Africa
- 8.9.2.1 South Africa Otoscope Market, 2018 - 2030 (USD Million)
- 8.9.3 Saudi Arabia
- 8.9.3.1 Saudi Arabia Otoscope Market, 2018 - 2030 (USD Million)
- 8.9.4 UAE
- 8.9.4.1 UAE market, 2018 - 2030 (USD Million)
- Chapter 9 Otoscope Market - Competitive Analysis
- 9.1 Company Share Analysis, 2021
- 9.2 Company Profiles
- 9.2.1 Rudolf Riester GmbH
- 9.2.1.1 Company overview
- 9.2.1.2 Product benchmarking
- 9.6.1.3 Strategic initiatives
- 9.2.2 SyncVision Technology Corporation
- 9.2.2.1 Company overview
- 9.2.2.2 Financial Performance
- 9.2.2.3 Product benchmarking
- 9.2.2.4 Strategic initiatives
- 9.3. Orlvision GmbH
- 9.3.3.1 Company overview
- 9.3.3.2 Product benchmarking
- 9.3.2.3 Strategic initiatives
- 9.3.4 HEINE OPTOTECHNIK GMBH & CO. KG
- 9.3.4.1 Company overview
- 9.3.4.3 Product benchmarking
- 9.3.5 WELCH ALLYN (HILL-ROM HOLDINGS, INC.)
- 9.3.9.1 Company overview
- 9.3.9.2 Financial performance
- 9.3.9.3 Product/Service benchmarking
- 9.3.6 GF Health Products, Inc.
- 9.3.6.1 Company overview
- 9.3.6.2 Product benchmarking
- 9.3.6.3 Strategic initiatives
- 9.3.7 Prestige Medical
- 9.3.9.1 Company overview
- 9.3.7.2 Product benchmarking
- 9.3.7.3 Strategic initiatives
- 9.3.8 American Diagnostics Corporation
- 9.3.8.1 Company overview
- 9.3.8.2 Financial performance
- 9.3.8.3 Product benchmarking
- 9.3.8.4 Strategic initiatives
- 9.3.9 Mindmark Corporation
- 9.3.9.1 Company overview
- 9.3.9.2 Financial performance
- 9.3.9.3 Product benchmarking
- 9.3.9.4 Strategic initiatives
- 9.3.10 CellScope, Inc.
- 9.3.10.1 Company overview
- 9.3.10.2 Financial performance
- 9.3.10.3 Product benchmarking
- 9.3.10.4 Strategic initiatives
- 9.3.11 Olympus Corporation
- 9.3.11.1 Company overview
- 9.3.11.2 Financial performance
- 9.3.11.3 Product benchmarking
- 9.3.11.4 Strategic initiatives
- 9.3.12 Prestige Medical
- 9.3.12.1 Company overview
- 9.3.12.2 Financial performance
- 9.3.12.3 Product benchmarking
- 9.3.12.4 Strategic initiatives
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook