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Vestibular Testing System Market Provides an In-Depth Insight of Sales and Trends, Forecast to 2028

October 22, 2019 by Amanpreet  

The vestibular testing system market is segmented based on product type, end users and regions. Based on product type, the vestibular testing system market has been segmented into videonystagmography (VNG) systems; vestibular evoked myogenic potential (VEMP) system; rotary chair; and computerized dynamic Posturography (CDP). Among these four product types, the videonystagmography systems is expected to be the leading segment in the vestibular testing system market by 2018 end. The increasing adoption of VNG system for vestibular testing due to its low cost and ease of use, which is likely to contribute to the growth of the vestibular testing system market in the coming future. Based on end users, the vestibular testing system market is segmented into hospitals and private clinics. The hospitals segment is expected to account a relatively high revenue share in the vestibular testing system market, due to developing hospital infrastructure.

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FactMR delivers key insights on the global vestibular testing system market in its upcoming report titled “Vestibular Testing Market: Global Industry Analysis 2013–2017 and Opportunity Assessment 2018 – 2028”. In terms of revenue, the global vestibular testing system market is projected to register a CAGR of 6.8% over the forecast period, owing to various factors, regarding which FMR offers detailed insights and forecasts in this report.   

A key trend witnessed in the vestibular testing system market is the promising result of videonystagmography systems and computerized dynamic posturography. Furthermore, the growing awareness about vestibular testing system, and present results by the major players to enhance product portfolio are the other key trends of global vestibular testing system market.

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North America is expected to be the dominant regional market for vestibular testing system, which accounted maximum revenue share of the market in 2017. The North America, Western Europe, and Asia Pacific markets collectively accounted more than 70% share of the global vestibular testing system market in 2017. In terms of revenue, APECJ is expected to expand at the CAGR of 8.0% over the forecast period, excluding China and Japan in vestibular testing system market.

Some of the key players operating in the global vestibular testing system market are Natus Medical Incorporated, balanceback (Vestibular Research & Development, LLC), BioMed Jena GmbH, Interacoustics A/S, Neuro Kinetics, Inc (NKI), Micromedical Technologies, Difra s.a., Synapsys, TECHNO CONCEPT, Framiral, etc. In this report, we have discussed the individual strategies followed by these companies regarding bringing improvements in their products, creating new manufacturing facilities, market consolidation and advanced R&D initiatives.

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