Pune, India -- (SBWIRE) -- 02/09/2018 -- The Otoscope Devices Market accounted to USD 3.6 billion in 2016 growing at a CAGR of 4.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Global Otoscope Devices Market Definition:

Otoscope devices are the lighting and magnifying instruments used to visually examine the eardrum for diagnosis or surgery. They provide images which help make doctors diagnose the diseases or disorders. These devices are mostly used for diagnosis of eardrum in hospitals, clinics, and internists.

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Global Otoscope Devices Market- Major market drivers and restraints:

- Increase in prevalence of age-related hearing impairment
- Higher adoption of hearing aids and technological advancements like minimally invasive
- Rising disposable income and increasing healthcare expenditure
- Lack of reimbursement for hearing aids

Global Otoscope Devices Market Segmentation:

By product, the market for otoscope devices market is segmented into pocket otoscope, full size otoscope. By application, the market for otoscope devices market is segmented into diagnosis, surgical. On the basis of end-user, the otoscope devices market is segmented into hospitals, clinics, and others.

On the basis of geography, otoscope devices market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

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Global Otoscope Devices Market Competitive Analysis:

The Otoscope Devices Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of otoscope devices market for Global, Europe, North America, Asia Pacific and South America.

Global Otoscope Devices Market-Major Market Competitors:

Some of the major players operating in otoscope devices market are Welch Allyn, Inc. (U.S.), OPTOMIC, Vimex Sp. Z oo (Germany), Orlvision GmbH (Germany), SyncVision Technology Corporation (China), INVENTIS SRL (Italy), Heine Optotechnik (Germany), Rudolf Riester GmbH (Germany), Honsun, LUXAMED GmbH & Co. KG (Germany), Dino-Lite Europe/IDCP B.V. (The Netherlands), KIRCHNER & WILHELM GmbH + Co. KG (Germany), 3M (U.S.), CellScope, Inc. (U.S.), among others.

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