Medical Tuning Fork Market Size , Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4300
Medical Tuning Fork Market size is expected to grow significantly from 2019 to 2025.
Medical tuning fork market is estimated to witness lucrative growth in the forthcoming years owing to growing geriatric population susceptible to hearing loss. Medical turning fork are acoustic resonator used by physicians to assess patients hearing and act as diagnostic tool to enable hearing in patients. Furthermore, medical tuning forks delivers painless diagnosis and is also utilized by orthopedic doctors to detect fracture and examine patient accurately that should drive medical tuning fork market growth.
Favorable regulatory scenario for medical tuning fork devices should positively influence the industry growth during the analysis timeframe. Regulatory authorities such as the U.S. FDA and Eu Commission are framing certain laws for maintaining the quality of medical tuning forks that are marketed. This scenario proves beneficial for the industry growth as it ensures superior quality of medical tuning fork devices that will boost their demand in the near future thereby, augmenting industry growth. However, availability of substitutes may hinder the industry growth to some extent.
Steel material segment is expected to witness robust growth over the analysis time frame owing to developments introduced in the steel material utilized in manufacturing medical tuning fork. Variety of steel tuning fork are available having different features such as nickel-plated steel tuning fork with clamps for enhancing the examination sensitivity, and diagnostic purposes that will expedite its demand boosting the segmental growth.
Clinics segment should witness robust growth during the forthcoming years. Considerable segmental growth can be attributed to the availability of advanced medical tuning forks in clinics. Now-a-days, clinics are well-equipped with upgraded medical devices. Clinicians highly prefer effective and portable tuning fork to perform specific tests in order to determine the extent of hearing loss that should propel the segmental growth.
North America medical tuning fork market is expected to witness significant growth during forecasted period. Rising number of research and development practices as well as increasing prevalence of orthopedic disease will fuel the demand for medical tuning forks in the North America. Physicians in the U.S. and Canada are extensively utilizing tuning fork to diagnose the fracture in bones. Moreover, positive regulatory environment will positively impact the regional growth.
Industry players operational in the medical tuning fork industry include Spirit Medical, MDF Instruments, Luxamed, Prestige Medical, Nagashima Medical Instruments, AME Worldwide, American Diagnostic and KaWe. These players are adopting strategies such as product launch, partnerships and acquisitions to garner higher market share and sustain market competition. For instance, Prestige Medical has developed superior quality medical tuning forks utilizing the aluminum alloy that delivers high frequency to detect minutest bone fractures. Thus, new product launch will foster company’s growth.
Medical Tuning Fork Market By Material Type, 2014-2025 (USD Million)
- Steel material
- Aluminum alloy material
Medical Tuning Fork Market By End-user, 2014-2025 (USD Million)
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Spirit Medical
- MDF Instruments
- Prestige Medical
- Nagashima Medical Instruments
- AME Worldwide
- American Diagnostic Corporation
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