Otoscope Market Size, Share Global Analysis Report, 2022 – 2028

Industry Insights

[209+ Pages Report] According to the report published by Facts Factors, the global otoscope market size was worth around USD 216.29 million in 2021 and is predicted to grow to around USD 241 million by 2028 with a compound annual growth rate (CAGR) of roughly 4.15% between 2022 and 2028. The report analyzes the global otoscope market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the otoscope market.

Market Overview

An otoscope, also known as an auriscope is a medical equipment used in the treatment of ear-related infections or conditions and helps the medical professional to look into the ears of the patient. The device is one of the most commonly used systems when visiting the medical facility for ear infections since the physician or concerned medical staff will foremost use an otoscope to scan the ears. The auriscope is potentially able to give a clear view of the tympanic membrane or eardrum and the ear canal, which is the border separating the outer ear canal from the inner ear canal, thus allowing the device to indicate any underlying medical condition in the middle ear space. The presence of obstructing material like ear wax, foreign body, and canal skin edema, to name a few can lead to an improper view of the eardrum leading to ineffective results, however, it will confirm the presence of some form of foreign material.

Key Insights

• As per the analysis shared by our research analyst, the global otoscope market is estimated to grow annually at a CAGR of around 4.15% over the forecast period (2022-2028)
• In terms of revenue, the global otoscope market size was valued at around USD 216.29 million in 2021 and is projected to reach USD 241 million, by 2028. Due to a variety of driving factors, the market is predicted to rise at a significant rate
• Based on type segmentation, pocket-sized was predicted to show maximum market share in the year 2021
• Based on end-user segmentation, ENT clinics were the leading end consumers in 2021.
• On the basis of region, North America was the leading revenue generator in 2021

Covid-19 Impact

The demand for otoscopes increased drastically during Covid-19 since it is an extremely crucial part of primary healthcare. There were concerns related to the infectiousness of the disease through the medical object, but since the virus was mostly air-borne, there were no recorded cases of virus spread through this device. Initially, the global market size faced logistical concerns, but the supply-demand disruption was soon taken under control.

Growth Drivers

• Growing number of ear infections in children to propel market demand

The global otoscope market is projected to grow owing to the rising medical cases related to ear infections. The medical condition is one of the most common infections with children being extremely prone to the disease, frequently. As per official data, five out of six children are known to get infected by ear bacteria at least one time before turning three. It is one of the most common reasons for taking children to medical professionals. An ear infection is caused by bacteria and generally follows a cold, throat infection, or any other form of respiratory concern. In case the breathing problem is caused by bacteria, it may pass to the middle ear. In other cases, if the breathing problem is associated with a virus, bacteria may move to the middle ear in the form of a secondary infection.

Restraints

• Incisive nature of the device to restrict the market growth

Since the device is inserted in the ear, there is always a chance of the insertion going too deep in case of mishandling of the device or if an erroneous procedure causes damage to the eardrum. Although the chances are too low, when dealing with otoscopes, patients and the medical staff using the device have to be extremely careful, which is difficult in the case of infants or babies who may find the equipment uncomfortable.

Opportunities

• Growing number of ear, nose, and throat (ENT) clinics to provide excellent market growth opportunities

The global otoscope market is projected to benefit from the rising number of ENT clinics especially dedicated to the treatment of infections related to ears, nose, and throat. As per a research file submitted to the National Library of Medicine, there are more than 9500 ENT specialists in the United States. The growth may further be propelled by the growing number of ENT education institutes resulting in more students and prospective specialists in the coming years.

Challenges

• Poor ENT facilities in underdeveloped economies to challenge the market expansion

One of the key challenging factors that the global market players face is the poor ENT infrastructure in underdeveloped economies, especially in sub-Saharan areas, where the rate of ear infections is extremely high. There is a significant lack of specialized ENT units, as well as specialists in the segment, and more efforts have to be put into catering to the needs of patients in poor countries.

Segmentation Analysis

The global otoscope market is segmented based on modality, type, portability, end-user, and region.

Based on modality, the global market is segmented as wireless and wired. The largest part of the global market share is owned by the wireless segment owing to the convenience offered by the product. The non-wired device may cost between USD 400 to USD 500.

Based on type, the global market is divided into video, pocket-sized, and full-sized. With a predicted CAGR of 5.9% during the forecast period, pocket-sized otoscopes generated the highest revenue in 2021 and will follow the same trend in the coming years.

Based on portability, the global market divisions are portable and wall-mounted. In 2021, the portable segment led the global market growth and may grow at a CAGR of 5.5% during the projection period since they are most easy to use as compared to their counterpart.

Based on end-user, the global market segments are ENT clinics and hospitals, with the former leading the global market growth trend since specialists are more equipped to treat ear-related infections. As per MDsave, the first-time visit to an ENT specialist may cost between USD 144 to USD 268.

Recent Developments:

• In February 2022, Portronics Digital, an Indian company manufacturing electronic items like speakers, microphones, and other items, launched an electronic otoscope called ‘Cleansify’ at INR 1,999. The device can be purchased from the online e-commerce platform of Amazon as well as the company’s official website. Cleansify works at a frequency of 2.5 gigahertz and comes along with a camera with a lens 4.5 mm.
• In June 2020, MedRx Inc., a company dealing in audiometric equipment, announced the launch of a universal serial bus (USB) video otoscope which functions with the help of software to provide high-grade images. The product is designed to be used by one hand comprising of an image-capture button.

Report Scope

Regional Analysis

• The United States to lead regional revenue during the forecast period

The global otoscope market is projected to be dominated by North America in the coming years owing to the exceptional medical infrastructure of the United States followed by Canada. The regional market may also be driven by the rising consumer awareness about ear care and the increasing number of pediatric physicians that cater to the medical needs of children with ear infections. The patient-friendly medical reimbursement policies in these countries encourage patients to undergo regular checkups for basic health updates resulting in more demand for otoscopes given their application in primary healthcare. Asia-Pacific may generate a high CAGR due to the growing population as well as the recent investments in the medical infrastructure of countries like India, and China while Japan, South Korea, and Singapore are also known to have a high patient-care rate.

Competitive Analysis

• Olympus Medical 
• Systems 
• Kirchner & Wilhelm GmbH 
• American Diagnostic Corporation 
• Luxamed Medizintechnik

The global otoscope market is segmented as follows:

By Modality

• Wireless
• Wired

By Type

• Video
• Pocket-Sized
• Full-Sized

By Portability

• Portable
• Wall-Mounted

By End-User

• ENT Clinics
• Hospitals

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America