Asia-Pacific Medical Audiometer Devices Market Developments and Forecast by 2028
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028Asia-Pacific 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)
- Report Date : Jan 2022
- Report Code : TIPRE00026600
- Category : Life Sciences
- Status : Published
- Available Report Formats :
- No. of Pages : 91
The medical audiometer devices market in APAC is expected to grow from US$ 28.97 million in 2021 to US$ 41.60 million by 2028; it is estimated to grow at a CAGR of 5.3% from 2021 to 2028.
Developing countries offer significant growth opportunities to the medical audiometer devices market players. This can be attributed to their low regulatory barriers, improvements in healthcare infrastructure, growing patient population, and rising healthcare expenditure. In addition, the regulatory policies in Asia Pacific are more adaptive and business-friendly than those in developed countries. This, along with the increasing competition in mature markets, has drawn key players to the medical audiometer devices market to expand their presence in emerging countries. Developing countries have the world's highest prevalence of hearing loss and scarce hearing screening programs. Mobile devices such as smartphones have potential for audiometric testing. For instance, Quadio Labs, India, launched Q+ hearing mobile app. This app has inbuilt hearing tests and adaptive sound processing technology that can convert smartphones into a hearing aid. In India, hearing loss is the second-largest disability that affects more than 120 million lives with majority patients are over the age of 60. There are less than 2,000 practicing audiologists in India, and therefore, most people have never actually received treatment until their hearing has degraded severely with age. These factors would offer significant growth opportunities for APAC medical audiometer devices market during the forecast period.
The enormous demand for effective therapies for the treatment of COVID-19 has put the healthcare research industry in a critical situation. Asian economies were among the earliest epicenters of the COVID-19 pandemic but were also more effective in controlling and managing the spread of the virus. Powerful economies such as Japan and South Korea felt the disruption that the pandemic caused. For instance, the pandemic led the Japanese economy to contract by 29% on an annualized basis. In December 2020, real wages fell for the 10th consecutive month, reaching their worst level. Exports initially dropped 11.1%, their lowest since 2012, following China’s contraction at the beginning of 2020, and accounted for roughly half of last year’s economic contraction. In the early discovery of cases, contact tracing hit country, treatment of patients, and public health workforce workers in clinical settings played a crucial role. The shutdown of various plants and factories affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in the global market. A few companies have already announced possible delays in product deliveries and slump in future sales of their products.
APAC Medical Audiometer Devices Market Revenue and Forecast to 2028 (US$ Million)
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
APAC Medical Audiometer Devices Market Segmentation
APAC Medical Audiometer Devices Market – By Type
- PC-Based Audiometers
- Standalone Audiometers
- Hybrid Audiometers
APAC Medical Audiometer Devices Market – By End User
- Hospitals and Clinics
- Diagnostic Centres
- Research Centres
APAC Medical Audiometer Devices Market– By Country
- China
- Japan
- India
- South Korea
- Australia
- Rest of APAC
APAC Medical Audiometer Devices Market-Companies Mentioned
- Auditdata
- Hill Rom Holding Inc.
- INTERACOUSTICS AS
- Natus Medical Incorporated
Asia-Pacific Medical Audiometer Devices Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 28.97 Million |
| Market Size by 2028 | US$ 41.60 Million |
| Global CAGR (2021 - 2028) | 5.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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- Auditdata
- Hill Rom Holding Inc.
- INTERACOUSTICS AS
- Natus Medical Incorporated
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