OTOSCOPE MARKET ANALYSIS
Product launches are expected to support global otoscope market growth over the forecast period. Along with improvements in conventional lens otoscopes, manufacturers have introduced technologically advanced wireless and wired digital otoscopes. Portable digital otoscopes and otoscopes with mobile connectivity have also been made available by the manufacturers. For instance, hearX Group Pvt. Ltd. launched a smartphone otoscope in 2017. This otoscope uses a magnification otoscope pen, which is connected to a smartphone with hearScope application installed. Moreover, Riester launched EliteVue fibre optic macro otoscope in 2017, and CellScope, Inc. launched smart-phone enabled otoscope in 2013.
Moreover, competition to global manufacturers from local players in India and China is expected to negatively impact growth of the global otoscope market over the forecast period.
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