Neonatal hearing screening devices market
Forecast
Persistence Market Research recently published a new forecast analysis for the neonatal hearing screening (NHS) devices market, pointing to strong potential growth in the Asia region.
The report covering the geographic segments North America, Europe, Asia, and Rest of the World (RoW) expects a positive outlook for the sector covering neonatal otoacoustic emissions tests (OAE) and automated auditory brainstem response tests (AABR). It divides the market into hearing screening devices and hearing screening accessories.
The Asian market is expected to show strong growth in coming years due to government initiatives and increasing awareness among parents of the benefits of NHS. In addition, India has now developed a protocol for neonatal hearing screening and thus contributes significantly to growth in this market in the region.
Other drivers of growth in the market, cited in the report, include technological advancement, government initiatives, increasing R&D activities, and benefits related to neonatal hearing screening. Demographic factors and economic growth are also likely to fuel market growth. Possible obstacles to growth include a lack of skilled professionals and socio-economic barriers.
Currently, North America, followed by Europe, has the largest market for NHS devices.
Source: Persistence Market Research