Medical Tuning Fork Market: by Material (Steel material, Aluminum alloy material and Others) and End user (hospitals, clinics, ASC’s and others)– Global Industry Perspective Comprehensive Analysis and Forecast, 2019-2025

Global demand for Medical Tuning Fork Market was valued at approximately USD 1936.03 Million in 2018, and is expected to generate revenue of around USD 2857.65 Million by end of 2025, growing at a CAGR of around 5.76 % between 2018 and 2025.

26-Nov-2019 | Number of pages: 130 | Report Code: ZMR-5096 | Report Format : | Status : Published

Abstract

The report covers forecast and analysis for the Medical Tuning Fork market on a global and regional level. The study provides historic data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Million). The study includes drivers and restraints for the Medical Tuning Fork market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Medical Tuning Fork market on a global level. In order to give the users of this report a comprehensive view on the Medical Tuning Fork market we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein Material, End user, and regional segments are benchmarked based on their market size, growth rate and general attractiveness.

According to the report, global demand for Medical Tuning Fork Market was valued at approximately USD 1936.03 Million in 2018, and is expected to generate revenue of around USD 2857.65 Million by end of 2025, growing at a CAGR of around 5.76 % between 2018 and 2025.

Global Medical Tuning Fork Market

A tuning fork is a fork-shaped auditory resonator that is used for a fixed tone in many applications. The main reason to use the fork form is that it generates a very simple sound, with most of the vibrational energy at a particular frequency, unlike many other forms of resonators. Medical practitioners use tuning forks, usually C512, to evaluate the hearing of a patient. This is most commonly done for two measures, respectively called the Weber test and the Rinne test. Lower-pitched ones, typically at C128, are also used in the analysis of the peripheral nervous system to test the sense of vibration.

The study provides a decisive view on the Medical Tuning Fork market by segmenting the market based on Material, End user and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. Based on Material, the market is segmented into Steel material, Aluminum alloy material and Others.  Due to innovations in the steel material used in the manufacture of medical tuning forks, the steel material segment is expected to see robust growth over the research time frame. Variety of steel tuning forks is available with different features such as a nickel-plated steel tuning fork along with clamps to enhance the sensitivity of the examination and analytical purposes to accelerate the growth of the segment.

Based on the End user segment, the market is bifurcated into hospitals, clinics, ASC’s and others. The section of clinics will see robust growth in the years ahead. The availability of advanced medical tuning forks in clinics can be attributed to significant segmental growth. Nowadays, medical devices are well-equipped in clinics. Clinicians strongly prefer to perform specific tests with an operative and portable tuning fork to determine the extent of hearing loss that should stimulate segmental growth.

The geographical segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The demand for medical tuning forks in North America is projected to see substantial growth over the forecast period. Increasing numbers of research and development practices as well as increasing orthopedic disease prevalence will fuel North America's demand for medical tuning forks. Doctors in the U.S. and Canada use the tuning fork widely to treat bone fracture. In addition, a favorable regulatory environment will have a positive impact on regional development.

Due to the growing geriatric population prone to hearing loss, the Medical Tuning Fork market is expected to see lucrative growth in the coming years. Medical turning fork is an acoustic resonator used by doctors to test the hearing of patients and serve as a diagnostic tool to allow patients to hear. In addition, medical tuning forks offer painless treatment and are also used by orthopedic doctors to diagnose injuries and correctly evaluate patients that should fuel market growth in the medical tuning fork. Favorable regulatory scenario for medical tuning fork products during the time frame of the study will positively affect the growth of the industry.  Regulatory bodies like the U.S. The FDA and the Eu Commission are drafting such laws to protect the value of the clinical tuning forks on the market. This scenario is advantageous for the growth of the industry as it ensures superior quality of medical tuning fork products, thus boosting their demand in the near future, thus increasing the growth of the industry.

Key players within global Medical Tuning Fork market include Spirit Medical, MDF Instruments, Luxamed, Prestige Medical, Nagashima Medical Instruments, AME Worldwide, American Diagnostic and KaWe amongst others.

The report segments global Medical Tuning Fork market as follows:

Global Medical Tuning Fork Market: Material Segment Analysis

  • Steel material
  • Aluminum alloy material
  • Others

Global Medical Tuning Fork Market: End user Segment Analysis

  • Hospitals
  • Clinics
  • Ambulatory surgical centers
  • Others

Global Medical Tuning Fork Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

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