Vestibular Testing System Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2018 to 2028

Published on : Jul-2018 | List of Tables : 27 | List of Figures : 150 | No. of Pages : 170 | Report Code : FACT1313MR |

Vestibular Testing System Market to Gain US$79.6 Mn between 2018 and 2028, analyzes Fact.MR 

Vestibular testing system market is projected to expand at a CAGR of 6.8% during 2018 and 2028. The growth of the global vestibular testing system market is primarily driven by increasing number of patient suffering from vertigo, dizzinesss disorder, and balance disorder. Besides, the growing number of geriatric population that is prone towards vestibural disease is also creating huge demand for vestibular testing system in hospitals and other facilities.

Electronystagmography (commonly called an ENG test) and videonystagmography (VNG test) are the most prefered tests. The low cost of the device and ease of use of the system is dominating the vestibular testing system market. This vestibular testing system, is more prefered due to its lightweight, handy and reliable results, which fits with a stable infrared video camera of high resolution. Computerized dynamic posturography (CDP) and rotary chair test are also prefered by most of the doctors due to their precise results. However, due to high cost of the device and large space requirement for establishment, these devices are less prefered as compared to other vestibular testing system.

Vestibular testing system comprises a number of tests that help determine if there is something wrong with the balance portion (vestibular) of the inner ear. The purpose of  vestibular tests is to help isolate dizziness symptoms to a specific cause that can often be treated.

Technological advancement bolstering the vestibular testing systems demand

Technological advancement and availability of videonystagmography in low cost as compared to other existing systems are building a huge platform for the growth of the vestibular testing system market globally.

The increasing number of patient pool suffering from Meniere’s disease is also likely to boost the demand for vestibular testing systems, such as of videonystagmography (VNG) systems, vestibular evoked myogenic potential (VEMP) system, rotary chair, and computerized dynamic posturography, are some major factors that are driving vestibular testing system market.

Furthermore, increasing healthcare spending, favourable reimbursement, growing awareness, are some of the other factors driving the growth of the vestibular testing system market in most of the developing countries. However, high cost of the devices and tests is a mjor factor expected to hinder the growth of the vestibular testing system market.

Lagacy market dominate the vestibular testing system demand

In terms of value, North America is expected to be the dominant overall vestibular testing system market by 2018 end and is expected to expand at a CAGR of 6.6% over the forecast period. In vestibular testing system market, Japan and Asia Pacific are expected to be the fast-growing regional markets, registering CAGRs of 7.8% and 8.0%, respectively, over the forecast period. Western and Eastern Europe are expected to mark substantial share in the global vestibular testing system market. However, the MEA to represent sluggish growth in vestibular testing system market due to lack of awareness and reach of technology in most of the countries, which is liekly to hinder the overall vestibular testing system market.  

vestibular testing market

Across the regions, the demand of vestibular testing system from hospitals stands tall, though in terms of growth, the mature markets are witnessing comparatively higher growth form private clinics.    

Top two players command over three fourth of the vestibular testing system market

The vestibular testing system market is consolidated at the top, and fragmented at the bottom. Leading manufacturers in the vestibular testing system market and healthcare providers have raised the initiative to increase awareness among healthcare professionals by launching technological advanced vestibular testing systems.

The companies in the global vestibular testing system market focus on to consolidate their position by actively participating in activities such as partnerships, mergers, and acquisitions. The companies in the vestibular testing system market are focusing expansion in countries such as India, China, and Brazil.Examples of 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.

FactMR offers a 10-year forecast on the global vestibular testing system market. The primary objective of the report is to offer updates and information related to market opportunities in the global vestibular testing system market.

Report Description

In terms of revenue, the global vestibular testing system market is expected to register a CAGR of 6.8% during the forecast period, 2018–2028. The primary objective of the report is to offer insights on the market dynamics that can influence the growth of the global vestibular testing system market over the forecast period. Insights on key trends, drivers, restraints, value forecasts and opportunities for companies operating in the global vestibular testing system market are presented in the report.

The global market for vestibular testing system is expected to witness moderate growth in terms of value owing to rising prevalence of vertigo and balance disorder, and increasing adoption of medicinal treatment for dizziness, vertigo, and imbalance. Addition to this, increase in healthcare spending, rise in awareness, favourable reimbursement by the government are some other factors that are driving the growth of the vestibular testing system market. Besides, technological advancements are creating potential growth opportunities for the players operating in the global vestibular testing system market.

In terms of revenue, North America is expected to be the dominant regional market for vestibular testing system due to increasing awareness and improvement in healthcare system. APECJ is expected to showcase high growth rate in the vestibular testing system market over the forecast period.  To understand and assess opportunities in this market, the report offers the vestibular testing system market forecast on the basis of product type, end users, and regions. The report provides analysis of the global vestibular testing system market in terms of market value (US$ Mn).  

The global vestibular testing system market is segmented on the basis of product type into:

  • Videonystagmography (VNG) Systems
  • Vestibular evoked myogenic potential (VEMP) System
  • Rotary Chair
  • Computerized Dynamic Posturography (CDP)

The report begins with the market definition, followed by definitions of the different vestibular testing system product types. The market dynamics section includes FMR’s analysis on key trends, drivers, restraints, opportunities and macro-economic factors influencing the growth of the global vestibular testing system market.

The report analyses the vestibular testing system market on the basis of the end users and presents forecast in terms of value for the next 10 years. On the basis of the distribution channel, the global vestibular testing system market is segmented into:

  • Hospital
  • Private Clinics

Next, the report analyses the market on the basis of regions and presents forecast in terms of value for the next 10 years. On the basis of regions, the global vestibular testing system market is segmented into:

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe
    • U.K.
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • Asia Pacific excluding China & Japan (APECJ)
    • India
    • Australia & New Zealand
    • ASEAN countries
    • Rest of APECJ
  • China
  • Japan
  • Middle East & Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of MEA

In addition, we have considered Year-on-Year (Y-o-Y) growth to understand the predictability of the market and identify the growth opportunities for companies operating in the global vestibular testing system market.

Another key feature of this report is the analysis of key segments in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical for assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective for services offered by the vestibular testing system market. To understand the key segments in terms of their growth and performance in the global vestibular testing system market, FactMR has developed an attractiveness index, which will help providers identify the existing market opportunities.

In the final section of the report, a ‘competitive landscape’ has been included to provide a dashboard view of key companies operating in the global vestibular testing system market. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the vestibular testing system market and the potential players. However, this section also includes market strategies and SWOT analysis of the key players operating in the global vestibular testing system market.

Detailed profiles of vestibular testing system product manufacturers are also included in the scope of the report to evaluate their long- and short-term strategies. The key players included in this report 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.

1. Executive Summary
     1.1. Market Overview
     1.2. Market Analysis
     1.3. Hidden Facts
     1.4. Fact.MR Analysis and Recommendations
     1.5. Wheel of Fortune

2. Market Introduction
     2.1. Market Definition
     2.2. Market Taxonomy

3. Vestibular Testing System Market Analysis
     3.1. Vestibular Testing Systems - Macro-Economic Factors
     3.2. Opportunity Analysis

4. Market Background
     4.1. Recent Development
     4.2. Value Chain
     4.3. Market Dynamics
            4.3.1. Drivers
            4.3.2. Restraints
            4.3.3. Trend

5. Global Economic Outlook
     5.1. Gross Domestic Product by Region & Country, 2016 – 2021

6. Key Inclusions
     6.1. Key Manufacturers
     6.2. Key Regulations

7. North America Vestibular Testing System Market Analysis 2013–2017 and Forecast 2018–2028
     7.1. Introduction
     7.2. Regional Market Trends
     7.3. Historical Market Size (US$ Mn) Analysis By Country, 2013–2017
            7.3.1. U.S.
            7.3.2. Canada
     7.4. Market Size (US$ Mn) Forecast By Country, 2018–2028
     7.5. Historical Market Size (US$ Mn) Trend Analysis By Product Type, 2013–2017
            7.5.1. Videonystagmography (VNG) Systems
            7.5.2. Vestibular evoked myogenic potential (VEMP) System
            7.5.3. Rotary Chair
            7.5.4. Computerized Dynamic Posturography
     7.6. Market Size (US$ Mn) and Volume Forecast By Product Type, 2018–2028
     7.7. Historical Market Size (US$ Mn) Trend Analysis By End User, 2013–2017
            7.7.1. Hospital
            7.7.2. Private Clinics
     7.8. Market Size (US$ Mn) Forecast By End User, 2018–2028
     7.9. Market Attractiveness Analysis
            7.9.1. By Country
            7.9.2. By Product Type
            7.9.3. By End User
     7.10.Key Market Participants – Intensity Mapping
     7.11.Drivers and Restraints – Impact Analysis

8. Latin America Vestibular Testing System Market Analysis 2013–2017 and Forecast 2018–2028
     8.1. Introduction
     8.2. Regional Market Trends
     8.3. Historical Market Size (US$ Mn) Trends Analysis By Country, 2013–2017
            8.3.1. Brazil
            8.3.2. Mexico
            8.3.3. Rest of Latin America
     8.4. Market Size (US$ Mn) Forecast By Country, 2018–2028
     8.5. Historical Market Size (US$ Mn) Trend Analysis By Product Type, 2013–2017
            8.5.1. Videonystagmography (VNG) Systems
            8.5.2. Vestibular evoked myogenic potential (VEMP) System
            8.5.3. Rotary Chair
            8.5.4. Computerized Dynamic Posturography
     8.6. Market Size (US$ Mn) and Volume Forecast By Product Type, 2018–2028
     8.7. Historical Market Size (US$ Mn) Trend Analysis By End User, 2013–2017
            8.7.1. Hospital
            8.7.2. Private Clinics
     8.8. Market Size (US$ Mn) Forecast By End User, 2018–2028
     8.9. Market Attractiveness Analysis
            8.9.1. By Country
            8.9.2. By Product Type
            8.9.3. By End User
     8.10.Key Market Participants – Intensity Mapping
     8.11.Drivers and Restraints – Impact Analysis

9. Western Europe Vestibular Testing System Market Analysis 2013–2017 and Forecast 2018–2028
     9.1. Introduction
     9.2. Regional Market Trends
     9.3. Historical Market Size (US$ Mn) Trend Analysis By Country, 2013–2017
            9.3.1. Germany
            9.3.2. U.K.
            9.3.3. France
            9.3.4. Italy
            9.3.5. Spain
            9.3.6. Rest of Western Europe
     9.4. Market Size (US$ Mn) Forecast By Country, 2018–2028
     9.5. Historical Market Size (US$ Mn) Trend Analysis By Product Type, 2013–2017
            9.5.1. Videonystagmography (VNG) Systems
            9.5.2. Vestibular evoked myogenic potential (VEMP) System
            9.5.3. Rotary Chair
            9.5.4. Computerized Dynamic Posturography
     9.6. Market Size (US$ Mn) and Volume Forecast By Product Type, 2018–2028
     9.7. Historical Market Size (US$ Mn) Trend Analysis By End User, 2013–2017
            9.7.1. Hospital
            9.7.2. Private Clinics
     9.8. Market Size (US$ Mn) Forecast By End User, 2018–2028
     9.9. Market Attractiveness Analysis
            9.9.1. By Country
            9.9.2. By Product Type
            9.9.3. By End User
     9.10.Key Market Participants – Intensity Mapping
     9.11.Drivers and Restraints – Impact Analysis

10. Eastern Europe Vestibular Testing System Market Analysis 2013–2017 and Forecast 2018–2028
     10.1.Introduction
     10.2.Regional Market Trends
     10.3.Historical Market Size (US$ Mn) Trend Analysis By Country, 2013–2017
            10.3.1. Russia
            10.3.2. Poland
            10.3.3. Rest of Eastern Europe
     10.4.Market Size (US$ Mn) Forecast By Country, 2018–2028
     10.5.Historical Market Size (US$ Mn) Trend Analysis By Product Type, 2013–2017
            10.5.1. Videonystagmography (VNG) Systems
            10.5.2. Vestibular evoked myogenic potential (VEMP) System
            10.5.3. Rotary Chair
            10.5.4. Computerized Dynamic Posturography
     10.6.Market Size (US$ Mn) and Volume Forecast By Product Type, 2018–2028
     10.7.Historical Market Size (US$ Mn) Trend Analysis By End User, 2013–2017
            10.7.1. Hospital
            10.7.2. Private Clinics
     10.8.Market Size (US$ Mn) Forecast By End User, 2018–2028
     10.9.Market Attractiveness Analysis
            10.9.1. By Country
            10.9.2. By Product Type
            10.9.3. By End User
     10.10.Key Market Participants – Intensity Mapping
     10.11.Drivers and Restraints – Impact Analysis

11. Asia Pacific Excluding China & Japan Vestibular Testing System Market Analysis 2013–2017 and Forecast 2018–2028
     11.1.Introduction
     11.2.Regional Market Trends
     11.3.Historical Market Size (US$ Mn) Trend Analysis By Country, 2013–2017
            11.3.1. India
            11.3.2. Australia and New Zealand
            11.3.3. ASEAN Countries
            11.3.4. Rest of Asia Pacific
     11.4.Market Size (US$ Mn) Forecast By Country, 2018–2028
     11.5.Historical Market Size (US$ Mn) Trend Analysis By Product Type, 2013–2017
            11.5.1. Videonystagmography (VNG) Systems
            11.5.2. Vestibular evoked myogenic potential (VEMP) System
            11.5.3. Rotary Chair
            11.5.4. Computerized Dynamic Posturography
     11.6.Market Size (US$ Mn) and Volume Forecast By Product Type, 2018–2028
     11.7.Historical Market Size (US$ Mn) Trend Analysis By End User, 2013–2017
            11.7.1. Hospital
            11.7.2. Private Clinics
     11.8.Market Size (US$ Mn) Forecast By End User, 2018–2028
     11.9.Market Attractiveness Analysis
            11.9.1. By Country
            11.9.2. By Product Type
            11.9.3. By End User
     11.10.Key Market Participants – Intensity Mapping
     11.11.Drivers and Restraints – Impact Analysis

12. China Vestibular Testing System Market Analysis 2013–2017 and Forecast 2018–2028
     12.1.Introduction
     12.2.Historical Market Size (US$ Mn) Trend Analysis By Product Type, 2013–2017
            12.2.1. Videonystagmography (VNG) Systems
            12.2.2. Vestibular evoked myogenic potential (VEMP) System
            12.2.3. Rotary Chair
            12.2.4. Computerized Dynamic Posturography
     12.3.Market Size (US$ Mn) and Volume Forecast By Product Type, 2018–2028
     12.4.Historical Market Size (US$ Mn) Trend Analysis By End User, 2013–2017
            12.4.1. Hospital
            12.4.2. Private Clinics
     12.5.Market Size (US$ Mn) Forecast By End User, 2018–2028
     12.6.Market Attractiveness Analysis
            12.6.1. By Product Type
            12.6.2. By End User
     12.7.Key Market Participants – Intensity Mapping
     12.8.Drivers and Restraints – Impact Analysis

13. Japan Vestibular Testing System Market Analysis 2013–2017 and Forecast 2018–2028
     13.1.Introduction
     13.2.Historical Market Size (US$ Mn) Trend Analysis By Product Type, 2013–2017
            13.2.1. Videonystagmography (VNG) Systems
            13.2.2. Vestibular evoked myogenic potential (VEMP) System
            13.2.3. Rotary Chair
            13.2.4. Computerized Dynamic Posturography
     13.3.Market Size (US$ Mn) and Volume Forecast By Product Type, 2018–2028
     13.4.Historical Market Size (US$ Mn) Trend Analysis By End User, 2013–2017
            13.4.1. Hospital
            13.4.2. Private Clinics
     13.5.Market Size (US$ Mn) Forecast By End User, 2018–2028
     13.6.Market Attractiveness Analysis
            13.6.1. By Product Type
            13.6.2. By End User
     13.7.Key Market Participants – Intensity Mapping
     13.8.Drivers and Restraints – Impact Analysis

14. Middle East & Africa Vestibular Testing System Market Analysis 2013–2017 and Forecast 2018–2028
     14.1.Introduction
     14.2.Regional Market Trends
     14.3.Historical Market Size (US$ Mn) Trend Analysis By Country, 2013–2017
            14.3.1. GCC Countries
            14.3.2. South Africa
            14.3.3. Rest of MEA
     14.4.Market Size (US$ Mn) Forecast By Country, 2018–2028
     14.5.Historical Market Size (US$ Mn) Trend Analysis By Product Type, 2013–2017
            14.5.1. Videonystagmography (VNG) Systems
            14.5.2. Vestibular evoked myogenic potential (VEMP) System
            14.5.3. Rotary Chair
            14.5.4. Computerized Dynamic Posturography
     14.6.Market Size (US$ Mn) and Volume Forecast By Product Type, 2018–2028
     14.7.Historical Market Size (US$ Mn) Trend Analysis By End User, 2013–2017
            14.7.1. Hospital
            14.7.2. Private Clinics
     14.8.Market Size (US$ Mn) Forecast By End User, 2018–2028
     14.9.Market Attractiveness Analysis
            14.9.1. By Country
            14.9.2. By Product Type
            14.9.3. By End User
     14.10.Key Market Participants – Intensity Mapping
     14.11.Drivers and Restraints – Impact Analysis

15. Forecast Factors: Relevance and Impact

16. Forecast Assumptions

17. Competition Landscape
     17.1.Market Structure
     17.2.Competition Intensity Mapping By Market Taxonomy
     17.3.Competition Dashboard
     17.4. Company Profiles (Details – Overview, Financials, Strategy, Recent Developments)
            17.4.1. Natus Medical Incorporated
                     17.4.1.1. Overview
                     17.4.1.2. Key Financials
                     17.4.1.3. Product and Application Portfolio
                     17.4.1.4. Recent Developments
                     17.4.1.5. Strategy
                     17.4.1.6. SWOT Analysis
            17.4.2. balanceback (Vestibular Research & Development, LLC.)
                     17.4.2.1. Overview
                     17.4.2.2. Product and Application Portfolio
                     17.4.2.3. Recent Developments
                     17.4.2.4. Strategy
                     17.4.2.5. SWOT Analysis
            17.4.3. BioMed Jena GmbH
                     17.4.3.1. Overview
                     17.4.3.2. Product and Application Portfolio
                     17.4.3.3. Recent Developments
                     17.4.3.4. Strategy
                     17.4.3.5. SWOT Analysis
            17.4.4. Neuro Kinetics, Inc (NKI)
                     17.4.4.1. Overview
                     17.4.4.2. Key Financials
                     17.4.4.3. Product and Application Portfolio
                     17.4.4.4. Recent Developments
                     17.4.4.5. Strategy
                     17.4.4.6. SWOT Analysis
            17.4.5. Micromedical Technologies
                     17.4.5.1. Overview
                     17.4.5.2. Product and Application Portfolio
                     17.4.5.3. Recent Developments
                     17.4.5.4. Strategy
                     17.4.5.5. SWOT Analysis
            17.4.6. Difra s.a
                     17.4.6.1. Overview
                     17.4.6.2. Product and Application Portfolio
                     17.4.6.3. Recent Developments
                     17.4.6.4. Strategy
                     17.4.6.5. SWOT Analysis
            17.4.7. Interacoustics A/S
                     17.4.7.1. Overview
                     17.4.7.2. Product and Application Portfolio
                     17.4.7.3. Recent Developments
                     17.4.7.4. Strategy
                     17.4.7.5. SWOT Analysis
            17.4.8. Synapsys
                     17.4.8.1. Overview
                     17.4.8.2. Key Financials
                     17.4.8.3. Product and Application Portfolio
                     17.4.8.4. Recent Developments
                     17.4.8.5. Strategy
                     17.4.8.6. SWOT Analysis
            17.4.9. TECHNO CONCEPT
                     17.4.9.1. Overview
                     17.4.9.2. Product and Application Portfolio
                     17.4.9.3. Recent Developments
                     17.4.9.4. Strategy
                     17.4.9.5. SWOT Analysis
            17.4.10. Framiral
                     17.4.10.1. Overview
                     17.4.10.2. Key Financials
                     17.4.10.3. Product and Application Portfolio
                     17.4.10.4. Recent Developments
                     17.4.10.5. Strategy
                     17.4.10.6. SWOT Analysis

18. Global Vestibular Testing System Market Analysis 2013–2017 and Forecast 2018–2028, By Region
     18.1.Introduction / Key Findings
     18.2.Historical Market Size (US$ Mn) By Region
            18.2.1. North America
            18.2.2. Western Europe
            18.2.3. Eastern Europe
            18.2.4. Latin America
            18.2.5. Asia Pacific Excluding China & Japan
            18.2.6. China
            18.2.7. Japan
            18.2.8. Middle East and Africa
     18.3.Market Size (US$ Mn) Forecast By Region
            18.3.1. North America
            18.3.2. Western Europe
            18.3.3. Eastern Europe
            18.3.4. Latin America
            18.3.5. Asia Pacific Excluding China & Japan
            18.3.6. China
            18.3.7. Japan
            18.3.8. Middle East and Africa
     18.4.Market Attractiveness Analysis By Region

19. Global Vestibular Testing System Market Analysis 2013–2017 and Forecast 2018–2028, By Product Type
     19.1.Introduction
     19.2.Historical Market Size (US$ Mn) Trend Analysis By Product Type, 2013–2017
            19.2.1. Videonystagmography (VNG) Systems
            19.2.2. Vestibular evoked myogenic potential (VEMP) System
            19.2.3. Rotary Chair
            19.2.4. Computerized Dynamic Posturography
     19.3.Market Size (US$ Mn) and Volume Forecast By Product Type, 2018–2028
     19.4.Market Attractive Analysis By Product Type

20. Global Vestibular Testing System Market Analysis 2013–2017 and Forecast 2018–2028, By End users
     20.1.Introduction
     20.2.Historical Market Size (US$ Mn) Trend Analysis By End User, 2013–2017
            20.2.1. Hospital
            20.2.2. Private Clinics
     20.3.Market Size (US$ Mn) Forecast By End User, 2018–2028
     20.4.Market Attractive Analysis By End User

21. Global Vestibular Testing System Market Analysis 2013–2017 and Forecast 2018–2028
     21.1.Global Volume Analysis
     21.2.Market Size and Y-o-Y Growth
     21.3.Absolute $ Opportunity

22. Assumptions and Acronyms Used

23. Research Methodology

Fact.MR offers custom research services that help clients to get specific research solutions

We are committed towards customer satisfaction and quality service.


Our Clients

Malaysian Cocoa Board
Dunlop International Europe Ltd
Roland Berger
Superior Essex
Commscope
Deloitte

Fact.MR in Media

Vestibular Testing System Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2018 to 2028