Global Market Study on Neonatal Hearing Screening Devices: Cost Competitive & User-friendly Devices Gaining Traction in Pediatric ICUs


Neonatal Hearing Screening Devices  Market
  • Published On : Sep-2019 |
  • Pages : 163 Pages |
  • Format : Neonatal Hearing Screening Devices  Market Neonatal Hearing Screening Devices  Market Neonatal Hearing Screening Devices  Market Neonatal Hearing Screening Devices  Market

New Approaches to Hearing Impairment Treatment to Bring Momentum to the Market

Substantial hearing impairment is amongst the most common abnormalities found in infants. Implementation of neonatal hearing screening devices is imperative because of hearing loss or hard-of-hearing in infants. For instance, according to American Academy of Pediatrics, considerable bilateral hearing loss is found approximately in one to three per thousand newly born in the well-baby nursery population, and approximately in two to four infants in every hundred newborns in the intensive care unit population. Such factors spur growth in the neonatal hearing screening devices market.

The market of global neonatal hearing screening devices is expected to grow at a healthy pace in the forecast period, reaching the market value of ~ US$ 57 Mn by the end of 2029, owing to the increasing advancements in neonatal hearing screening devices and raising awareness about the benefits of using neonatal hearing screening devices.

Propelling Demand for Easy-to-use and Cost-effective Devices in Pediatric Healthcare Units

Genetic disorders, low birth weight, exposure to certain toxic chemicals or medicines while in the womb or after birth, could render the newborn with hearing loss, fueling the demand for neonatal hearing screening devices. For instance, according to Centers for Disease Control and Prevention (CDC), over half a million babies in the U.S. are born in a premature state each year, of which some suffer short-term and long-term health problems, which is due to the shortage of skilled neonatal nurses or low accessibility to advanced neonatology technologies, such as neonatal hearing screening devices. The use of neonatal hearing screening devices has thus become imperative, especially in neonatal intensive care units.

global neonatal hearing screening devices market analysis

Strengthening Pediatric Care Landscape Points to Potential Rise in Sales of Neonatal Hearing Screening Devices

Early identification and intervention of hearing loss programs in countries with high number of hearing screening procedures such as Brazil, is most likely to propel the growth of the neonatal hearing screening devices market in the region. Initiatives by the government and funding towards the neonatal infant care also account for the increase in the adoption of neonatal hearing screening devices.

For example, Brazil has over 237 screening sites across 22 of the 27 Brazilian states (approximately 4% of Brazilian maternity hospitals) where screening is done and the country has passed a legislation to implement universal newborn hearing screening in birthing facilities. Thus, rising awareness with the initiation of different governmental programs and endorsement for advanced neonatal hearing screening devices to treat infants across different countries contribute heavily towards the growth of the neonatal hearing screening devices market and will continue to do so in the future.

Technological Advancements Remain High Influential

Growing focus on neonatal care has brought many advancements in neonatal hearing screening devices. The technological juggernaut has already accelerated to a new level and has resulted in making Universal Newborn Hearing Screening (UNHS) viable. Thus, prompting a progressive review of neonatal hearing screening devices and cleared a path to the scientific assessment of the benefits of early intervention.

Implementation of handheld and portable devices, and accuracy in the screening of infants’ hearing, fuels the overall growth of neonatal hearing screening devices market. To freeze such growth opportunities, companies in neonatal hearing screening devices are focusing on developing portable and handheld hearing screener.

For instance, Auditory Brainstem Response (ABR) and Otoacoustic Emission (OAE) neonatal hearing screening devices are handhelds, portable, easy -to-use and lightweight with advanced technology in the screener. Government-funded ventures and clinical screening projects have associated to emphasize the robustness and effectiveness of UNHS programs in line with the progression in ABR and OAE powered neonatal hearing screening devices.

Moreover, growing per capita healthcare expenditure is also likely to propel the growth of the neonatal hearing screening devices market. For instance, over the past few decades, global per capita healthcare expenditure has almost doubled due to the growing rate of awareness regarding neonatal hearing complications and implementation of neonatal hearing screening devices. Increasing healthcare spending is anticipated to result in rising demand for better quality medical devices, and in turn, will create lucrative growth opportunities for market players in the global neonatal hearing screening devices market.

Analysts’ Viewpoint

An extensive analysis on the neonatal hearing screening devices market has resulted for our analysts to conclude that the neonatal hearing screening devices industry is growing at a notable pace, with Asia Pacific and Europe dominating the worldwide market demand for neonatal hearing screening devices and its applications.

The rising number of pediatric specialty clinics and growing awareness regarding neonatal healthcare adds to the increasing need of neonatal hearing screening devices and thus anticipated to provide huge growth opportunities for the key market players in neonatal hearing screening devices landscape.

The latest publication by Persistence Market Research (PMR) on the global neonatal hearing screening devices market evaluates opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the global neonatal hearing screening devices market. The study offers detailed insights on the key market dynamics, which includes drivers, restraints, trends, opportunities, and comprehensive information on the market structure of neonatal hearing screening devices. The principal aim of the market study is to present exclusive information about how the market will perform in the forecast period of 2019-2029.

Important indicators for the successful growth of the neonatal hearing screening devices market are presented in this comprehensive report, which include supply chain analysis, value chain analysis. Year-on-Year (Y-o-Y) growth analysis of the market, and compounded annual growth rate (CAGR) are also described in the current PMR's research in an exhaustive way. This research study can support readers to know the demand for neonatal hearing screening devices and quantitative development opportunities over the study period.

The research is beneficial for shareholders in neonatal hearing screening devices, including neonatal hearing screening devices market investors, manufacturers, distributors, and suppliers, and can help them in developing suitable business strategies to flourish in the neonatal hearing screening devices market. The insights and wisdom presented in this PMR’s study can be leveraged by shareholders in the neonatal hearing screening devices market, industry experts, investors, researchers, reporters, as well as neonatal hearing screening devices business enthusiasts.

Market statistics as well as information linked to macro as well as microeconomic variables affecting business scenario in the neonatal hearing screening devices market are also included in the current study. Depending on potential developments in the neonatal hearing screening devices market, substantive insights are also encountered in this report. Additionally, by virtue of the data submitted in this neonatal hearing screening devices report, minor companies and new entrants in the neonatal hearing screening devices industry can aid in making suitable company choices to achieve traction in the neonatal hearing screening devices market.

Key Segments of the Neonatal Hearing Screening Devices Market

PMR’s research on the neonatal hearing screening devices market provides information organized in four critical segments –product type, modality, end user, and region. This report compiles extensive market research information and data on the important business dynamics and development parameters linked with these classifications.

Product type

Modality

End user

Region

Auditory Brainstem Response (ABR) Systems

Table Top Devices

Hospitals

North America

Otoacoustic Emission (OAE) Systems

Trolley Mounted Devices

Specialty Clinics

Latin America

Combination Systems

Portable and Hand-held Devices

Others

Europe

-

-

-

Asia Pacific

-

-

-

Middle East and Africa

Key Questions Answered in PMR’s Neonatal hearing screening devices Market Report

  • Which variables could alter the demand for neonatal hearing screening devices during the evaluated and forecast period?
  • What are the restraints that investors need to be aware of and might tackle while investing in the neonatal hearing screening devices market?
  • What are the trends in neonatal hearing screening devices sector that will impact the market?
  • Which business approaches are the key companies taking to prosper in the neonatal hearing screening devices market?
  • Which regions will stay the most lucrative markets for market participants in neonatal hearing screening devices?
  • How businesses in the neonatal hearing screening devices market can avail the growth opportunities in developed and emerging sectors?

Neonatal Hearing Screening Devices Market: Research Methodology

PMR is committed to provide unbiased market research solutions to its clients. A distinctive research methodology has been used to perform comprehensive research on the development of the neonatal hearing screening devices market, and to achieve findings on the market's potential development parameters. This study design is a composition of primary and secondary research that enable analysts to ensure findings are accurate and reliable.

During the development of the neonatal hearing screening devices market report the secondary studies referred by analysts comprises of companies annual reports, trade journals, white papers, statistics from governmental institutions, and internal and external proprietary databases as well. Analysts have also considered opinions from product portfolio managers, and industry experts, who contributed primary insights for the development of this report.

Comprehensive data obtained from primary and secondary resources functions as an affirmation by companies in the neonatal hearing screening devices market, making PMR’s assessment of the market’s development opportunities for the neonatal hearing screening devices market more precise and credible.

Companies covered in Neonatal Hearing Screening Devices Market

Company Profiles:

  • Natus Medical Incorporated
  • Welch Allyn (Hill-Rom Inc.)
  • Demant A/S
  • Path Medical GmbH
  • Intelligent Hearing Systems
  • Vivosonic Inc.
  • Pilot Blankenfelde GmbH
  • Echodia SAS

Neonatal Hearing Screening Devices Market

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