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Neonatal Hearing Screening Devices Market Segmented by Auditory Brainstem Response (ABR) Systems, Otoacoustic Emission (OAE) Systems, Combination Systems Product Type with Table Top, Trolley Mounted, Portable and Hand-held Devices Modality
The Global Neonatal Hearing Screening Devices Market value is projected to exceed US$ 44.4 million by the year 2025 at a CAGR of 3.5%. The global neonatal hearing screening devices market is expected to grow rapidly due to rising birth rates in developing nations, thereby creating significant potential prospects for this industry. Several developing countries have a high birth rate and a high risk of newborn disorders, necessitating large investments in neonatal care, which will support the growth of the global neonatal hearing screening devices market in the near future.
| Attribute | Key Insights |
|---|---|
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Neonatal Hearing Screening Devices Market Size (2022) |
US$ 38.7 Mn |
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Projected Market Value (2025) |
US$ 44.4 Mn |
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Global Market Growth Rate (2022-2025) |
3.5% CAGR |
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Share in parent market |
0.5% |
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The Neonatal Hearing Screening Devices Market is likely to have a moderate CAGR of 3.5% over the forecast period. The major factors driving the growth of the Neonatal Hearing Screening Devices market is an increase in the awareness about the care of newborns, especially for the hearing screening programs. Apart from this, high risk of neonatal problems and high birth rates are also expected to fuel the market growth.
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The major factors driving the growth of the neonatal hearing screening devices market are the initiatives by several organizations in various countries to launch various programs to raise awareness about newborn care, particularly hearing screening programs. Governments and private corporations are collaborating to establish healthcare facilities and hospitals to increase access to pediatric and newborn care. These initiatives and efforts by private organizations and governments are helping people in acquiring these services and are also contributing to the market growth.
“Technological Advancements”
The growing emphasis on newborn care has resulted in several breakthroughs in neonatal hearing screening devices. Technological improvements have already advanced to a new level, making Universal Newborn Hearing Screening (UNHS) feasible. As a result, a gradual review of newborn hearing screening devices was initiated, paving the way for a scientific evaluation of the benefits of early intervention. Companies in newborn hearing screening devices are focusing on developing portable and handheld hearing screeners in order to capitalize on growth opportunities. In the coming years, the Neonatal Hearing Screening Devices Market is anticipated to benefit from increased R&D activities and technological advancements.
“Lack of Awareness and Equipment in Under-Developed Nations”
Various developing nations have a high birth rate and a high risk of neonatal disorders, as well as a lack of effective neonatal care equipment and a lack of information about infant care. These factors are anticipated to stymie the Neonatal Hearing Screening Devices Market's growth.
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The Neonatal Hearing Screening Devices market is highly competitive and consists of significant major players that dominate the market. Major players in the market are focusing on increasing R& D activities to develop and expand their product range.
| Attribute | Details |
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Forecast Period |
2022-2025 |
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Historical Data Available for |
2012-2021 |
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Market Analysis |
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Customization & Pricing |
Available upon Request |
Neonatal Hearing Screening Devices Market by By Product type
Neonatal Hearing Screening Devices Market By Modality
Neonatal Hearing Screening Devices Market By End User
Neonatal Hearing Screening Devices Market by Region
In 2022, the Neonatal Hearing Screening Devices Market stands at USD 38.7 million, and it is expected to reach USD 44.4 million by 2025 at a CAGR of 3.5%.
Neonatal Hearing Screening Devices Market exhibited a 5.3% CAGR between 2012 and 2021.
Lack of awareness and equipment in under-developed nations are the key restraints in the Neonatal Hearing Screening Devices Market.
Increased awareness and technological advancements are the key factors driving the growth of the market.
Natus Medical Incorporated, Demant A/S, Path Medical GmbH, and Intelligent Hearing Systems, are among the top players in the market.
