As per Fact.MR’s latest revised industry analysis, the global vestibular testing systems market was valued at over US$ 98 Mn in 2020, and is expected to exhibit a CAGR of close to 6% over the forecast period (2021-2031). Vestibular tests are more accurate than other medical examinations in identifying inner ear disorders. Vestibular tests, if combined with other hearing pathway tests such as an audiometry test, auditory brainstem response (ABR) test, and electrocochleography (ECochG) test, provide much better results.
Balance disorders in the geriatric population have become a major public health problem, as the population aged above 60 is prone to many diseases. In the geriatric population, common causes of vertigo may manifest differently, as these patients tend to report less rotatory vertigo and more non-specific dizziness and instability than younger patients.
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According to CDC, more than one-third adults aged 65 or more suffer from a fall each year in the U.S., and around 20%–30% of people who fall end up with moderate to severe injuries. In the elderly population, prevalence of vertigo and dizziness has reached 30%, and due to an increase in the aging population, globally, the number of patients is rapidly increasing. However, high cost associated with these tests and devices may hamper market growth to some extent.
Overall, the vestibular testing systems industry is expected to witness steady growth throughout the forecast period of 2021 to 2031, owing to rising demand for effective assessment systems and increasing geriatric population.
Key Segments Covered in Vestibular Testing Systems Industry Research
- By Product
- Videonystagmography (VNG) Systems
- Vestibular Evoked Myogenic Potential (VEMP) Systems
- Rotary Chairs
- Computerized Dynamic Posturography
- By End User
- VEMP Systems for Hospitals
- VEMP Systems for Private Clinics
The Market insights of Vestibular Testing Systems will improve the revenue impact of businesses in various industries by:
- Providing a framework tailored toward understanding the attractiveness quotient of various products/solutions/technologies in the Vestibular Testing Systems Market
- Guiding stakeholders to identify key problem areas pertaining to their consolidation strategies in the global Vestibular Testing Systems market and offers solutions
- Assessing the impact of changing regulatory dynamics in the regions in which companies are keen on expanding their footprints
- Provides understanding of disruptive technology trends to help businesses make their transitions smoothly
- Helping leading companies make strategy recalibrations ahead of their competitors and peers
- Offers insights into promising synergies for top players aiming to retain their leadership position in the market & supply side analysis of Vestibular Testing Systems market .
The latest industry analysis and survey on Vestibular Testing Systems provides sales outlook in 20+ countries, across key categories. Insights and outlook on Vestibular Testing Systems market drivers, trends, and influencing factors are also included in the study.
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This report gives you access to decisive data such as:
- Demand of Vestibular Testing Systems Market & Growth drivers
- Factors limiting Vestibular Testing Systems market growth
- Current key trends of Vestibular Testing Systems Market
- Market Size of Vestibular Testing Systems and Vestibular Testing Systems Sales projections for the coming years
Key Question answered in the Survey of Vestibular Testing Systems market Report By Fact.MR
- Vestibular Testing Systems Company & brand share analysis: Company and brand share analysis on Vestibular Testing Systems Market reveals how much market share is captured by Tier 1, Tier 2, and Tier 3 players
- Vestibular Testing Systems Market Historical volume analysis: The industry analysis provides data & insights on historical volume sales of Vestibular Testing Systems .
- Vestibular Testing Systems Category & segment level analysis: Fact.MR’s Vestibular Testing Systems market sales outlook offers category and segment level analysis on lucrative and nascent product types. Market players can use this information to identify sales potential and set sales targets at local, country, and regional level.
- Vestibular Testing Systems market Consumption by demographics: The market intelligence study provides consumption by demographics analysis so market players can design their product and marketing strategies on the basis of high-value consumers
- Post COVID consumer spending on Vestibular Testing Systems market: The report includes post COVID consumer spending analysis. This information will help business leads understand the shifts in purchasing power and behavior
- Manufacturing trend analysis: Vital information on how market players are aligning their manufacturing strategies with respect to evolving consumer sentiments
- Vestibular Testing Systems market Merger and acquisition activity: MR’s analysis also includes merger & acquisition activity analysis. Vestibular Testing Systems market manufacturers and stakeholders will not only know the recent M&As but also understand its impact on competitive landscape and market share
- Vestibular Testing Systems Market demand by country: The report forecasts Vestibular Testing Systems demand by country, giving business leaders the insights to know fast-growing, stable, and mature markets
The report also offers key trends of Vestibular Testing Systems market and an in-depth analysis of how the projected growth factors will shape the Vestibular Testing Systems market dynamics in the coming years of the forecast period.
Moreover, it also gives meaningful as well as actionable insights on the competitive analysis of Vestibular Testing Systems Market that are developing the current market scenario and which will be lucrative for the future demand of Vestibular Testing Systems Market.
