{"id":47512,"date":"2022-08-22T12:02:13","date_gmt":"2022-08-22T10:02:13","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/global-otoscopes-market-research-report-2022-ai-powered-otoscopy-makes-headway-in-the-market-researchandmarkets-com\/"},"modified":"2022-08-22T12:02:13","modified_gmt":"2022-08-22T10:02:13","slug":"global-otoscopes-market-research-report-2022-ai-powered-otoscopy-makes-headway-in-the-market-researchandmarkets-com","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/global-otoscopes-market-research-report-2022-ai-powered-otoscopy-makes-headway-in-the-market-researchandmarkets-com\/","title":{"rendered":"Global Otoscopes Market Research Report 2022: AI-Powered Otoscopy Makes Headway in the Market – ResearchAndMarkets.com"},"content":{"rendered":"
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DUBLIN–(BUSINESS WIRE)–The “Otoscopes – Global Market Trajectory & Analytics”<\/a> report has been added to ResearchAndMarkets.com’s<\/strong> offering.\n<\/p>\n

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\nGlobal Otoscopes Market to Reach $198.1 Million by 2026<\/strong>\n<\/p>\n

\nThe global market for Otoscopes estimated at US$172.8 Million in the year 2022, is projected to reach a revised size of US$198.1 Million by 2026, growing at a CAGR of 3.2% over the analysis period.\n<\/p>\n

\nPocket-size Otoscopes, one of the segments analyzed in the report, is projected to record a 2.9% CAGR and reach US$89.4 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Full-size Otoscopes segment is readjusted to a revised 3.4% CAGR for the next 7-year period.\n<\/p>\n

\nAI-Powered Otoscopy Makes Headway in the Market<\/strong>\n<\/p>\n

\nArtificial intelligence (AI) along with machine learning is the latest buzzword in the field of otoscopy that holds potential to considerably improve screening of hearing loss. AI involves the use of computers or machines that mimic cognitive functions like problem solving and learning associated with the human brain.\n<\/p>\n

\nThe technology is being used in the ENT and audiology arenas for adding advanced features and improving designs of hearing aids. These devices provide users with a seamless and effective listening experience by mimicking and predicting decision-related process for a specific listening condition. The technology is also finding use in otoscopes to improve access to the ear care in underserved regions. AI holds potential to assist users accurately determine otitis media or other conditions.\n<\/p>\n

\nImage processing built on the technology can automatically categorize otoscopy-related images at relatively high accuracy. Based on the cloud and smart phones, the automated diagnosis system for otitis media can be further improved through a neural network intended to classify typical features of the tympanic membrane and ear canal.\n<\/p>\n

\nThese advanced systems such as HearX`s HearScope provide users with an affordable smart phone based video otoscope for capturing video and images of the tympanic membrane and ear canal. AI classifies the image within seconds using common ear-related disease categories including normal, chronic perforations, wax obstruction or abnormal from a massive database of ear-related images.\n<\/p>\n

\nThe data can be used by dedicated medical professional for diagnosing the condition and assigning the treatment course. The system relies on the cloud and allows users to upload images through the Internet. The AI-powered system holds potential to drastically improve access to ENT and audiology services across remote areas.\n<\/p>\n

\nVideo Otoscopes Segment to Reach $36.4 Million by 2026<\/strong>\n<\/p>\n

\nIn the global Video Otoscopes segment, USA, Canada, Japan, China and Europe will drive the 3.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$24.4 Million will reach a projected size of US$30.9 Million by the close of the analysis period.\n<\/p>\n

\nChina will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.1 Million by the year 2026, while Latin America will expand at a 4.8% CAGR through the analysis period.\n<\/p>\n

\nThe U.S. Market is Estimated at $60.4 Million in 2022, While China is Forecast to Reach $14 Million by 2026<\/strong>\n<\/p>\n

\nThe Otoscopes market in the U.S. is estimated at US$60.4 Million in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$14 Million by the year 2026 trailing a CAGR of 5.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR.\n<\/p>\n

\nThe market is forecast to experience a significant growth over the coming years due to increasing incidence of ear-related conditions and preventable hearing loss that create a pressing demand for sophisticated diagnostic devices. The market growth is also facilitated by availability of rechargeable, user-friendly pocket otoscopes along with increasing number of otolaryngology professionals.\n<\/p>\n

\nRising incidence of hearing loss is also expected to drive the global otoscopes market in the long-term. Hearing loss or impairment is one of the leading global public health problems, adversely affecting the communication ability, independence, wellbeing, and quality of life. Besides age-related factors, the growing prevalence of hearing loss is a product of genetic factors; complications during pregnancy and childbirth; the spread of highly contagious diseases such as meningitis, rubella and mumps; injuries; polypharmacy and high noise pollution.\n<\/p>\n

\nKey Topics Covered:<\/strong>\n<\/p>\n

\nI. METHODOLOGY<\/strong>\n<\/p>\n

\nII. EXECUTIVE SUMMARY<\/strong>\n<\/p>\n

\n1. MARKET OVERVIEW<\/strong>\n<\/p>\n