North America Medical Audiometer Devices Market is expected to reach US$ 69.19 million by 2028


PRESS RELEASE BY The Insight Partners 16 Jan 2022

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PC-based Audiometers Segment to Dominate North America Medical Audiometer Devices Market during 2019–2028

According to The Insight Partners market research study on “North America Medical Audiometer Devices Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and End User,” is expected to reach US$ 69.19 million by 2028 from US$ 50.71 million in 2021. The market is estimated to grow at a CAGR of 4.5% from 2021 to 2028. Surge in geriatric population is the major factor driving the growth of the North America medical audiometer devices market. However, shortage of trained professionals for using audiometers may hinder the growth of North America medical audiometer devices market. The report provides trends prevailing in the North America medical audiometer devices market along with the drivers and restraints pertaining to the market growth.

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.

The North America medical audiometer devices market is segmented into type, end user, and country. Based on type, the medical audiometer devices market is segmented into hybrid audiometers, standalone audiometers, and PC-based audiometer. In 2021, the PC-based audiometer segment held the largest share of the market. Based on end user the medical audiometer devices market is divided into hospitals and clinics, research centers, and diagnostic centers. The hospitals and clinics segment is expected to the fastest growing segment over the forecast period. On the basis of country, the market is segmented into US, Canada, and Mexico. The US accounts for largest market share in the 2021. 

Auditdata, Benson Medical Instruments Co., Hill Rom Holding Inc., INTERACOUSTICS AS, INVENTIS SRL, MedRx, Natus Medical Incorporated, and Smart Diagnostic Devices are among the leading companies in the North America medical audiometer devices market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Inventis Srl announced that it had acquired 100% share capital of Synapsys SAS, the French leader in balance diagnostic systems. With this first acquisition, Inventis aims to complete its product range, at the same time extending its international presence

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