Otoscope Market Is Gaining Major Traction with Industry Leader Otonexus Medical Technologies Introducing Ultrasound Sensor, Which Aids Middle-Ear Infection Diagnosis

 

An otoscope or auricular ear picker is a simple health care tool that is used to inspect the outer ear. Many health care professionals utilize otoscopes to examine ear infections during routine check-ups and to also screen for serious ear disorders. An otoscope possibly provides a more detailed view of the external ear canal and/or ear drum or eardrum. Otoscope or also referred to as auriscope is mainly used to look into eyes. The demand for these medical devices has been on a rise in the recent past. This is typically due to the fact that there is a high burden of ENT-related diseases across the globe. As per the World Health Organization (WHO), by 2050, around 2.5 billion people are estimated to have some degree of hearing loss worldwide. Similarly, there is a heavy burden of sinusitis cases. As per the Sinusitis & Allergy Wellness Center, around 30 million adults in the U.S. are impacted with sinusitis annually. Such a high prevalence of ENT disorders has accelerated the demand for the said medical devices. Hence, these factors can augment growth of the otoscope market.

The demand is also driven by technological advancements in medical devices. Leading industry players have been laying emphasis on research and development activities, which is leading to the launch of innovative medical devices. These products are highly advanced and can aid physicians in making an accurate diagnosis. Hence, such technological developments can prompt growth of the otoscope market in the near future.

Regardless of the efforts of healthcare providers and medical device companies, there is still a social stigma among people related to ENT-based diseases. Such factors make it difficult for physicians and government authorities to reduce the burden of ENT diseases. Thus, these factors can inhibit the otoscope market growth in the near future.

An otoscope is created to help doctors and audiologists (people who hear) locate, measure, and evaluate a child's hearing, vision, and balance. The otoscope helps doctors make a correct diagnosis and recommend appropriate treatment for a child. It is usually inserted into the child's ear canal through the nasal passage. The instrument has a light probe that allows it to see both the inner and outer ear.  When it comes to the regional footprint of the otoscope market, North America seems to lead the way. Rising disease burden related to ENT and rapid product development is some of the key factors stimulating the regional otoscope market. As per John Hopkins Medicine, acoustic neuroma is benign tumors diagnosed in 2,000 to 3,000 people annually, which is an incidence of 1 per 100,000.

Recently, in September 2019, OtoNexus Medical Technologies launched a new ultrasound sensor, which aids middle-ear infection diagnosis.