Neonatal Hearing Screening Devices Market to Grow at 5% CAGR and Surpass US$ 44 Mn by 2025

ALBANY, USA, 2018-May-15 — /EPR Network/ —A new research report titled, “Global Market Study on Neonatal Hearing Screening Devices: Asia Pacific Regional Market Forecasted to Lead the Global Market in Revenue Terms During 2017 – 2025” has been added to the comprehensive repository of Market Research Reports Search Engine (MRRSE). According to the report, the global neonatal hearing screening devices market is likely to surpass US$ 44 Mn in 2025, growing at nearly 5% CAGR through 2025.

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The research offers in-depth analysis and insights on the key factors driving the growth of the market. Readers can expect in-depth information and analysis on the growth factors and key impediments in the market. An analysis on the emerging opportunities and pervasive threats for manufacturers has also been included in the report. The top manufacturers and their product and business strategies have also been included in the report.

The key stakeholders in the neonatal hearing screening devices market have been studied in detail in the report. The companies have been profiled on the basis of various key parameters and a detailed product information has been offered for the period 2017-2025. The competitive landscape section of the report offers readers detailed competitive benchmarking, business and product strategies, and recent merger and acquisition activity in this landscape. Stakeholders looking to foray into a new market or expand into an existing one can gain a deeper understanding of the key forces at play in this landscape.

According to the report, neonatal hearing screening test is steadily become a standard in many hospitals and clinics around the globe. This is promoting the use of neonatal hearing screening devices, especially in developing countries. The report opines that rising awareness on the benefits and importance of neonatal hearing screening devices will continue to provide an impetus to market growth during the assessment period.

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The report has segmented the global market on the basis of product type, region, modality, and end user. According to the report, auditory brainsteam response (ABR) is likely to grow at 4.6% CAGR during the assessment period. Table top devices remain highly preferred among end-users on the basis of modality. The hospitals segment is likely to witness steady growth and surpass US$ 25 Mn by the end of 2025. Region-wise, Asia Pacific is likely to remain its attractiveness to global manufacturers owing to high birth rate in the region.

The key players operating in the global neonatal hearing screening devices market include Natus Medical Incorporated, Welch Allyn- Hill-Rom, MAICO Diagnostics GmbH, Interacoustics A/S, Intelligent Hearing Systems, Path Medical GmbH, Vivosonic Inc., Grason-Stadler Inc., Pilot Blankenfelde GmbH and ECHODIA.

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