Water Caloric Stimulator device holds the largest share of XX% of this market.
US holds the largest market share of XX% of Caloric test’s and is expected to reach $XX billion by the end of forecast period.
Canada is expected to be the fastest growing market at a CAGR of XX%.
North America Caloric Test Market To Grow due to Novel Applications
Caloric testing has some very niche applications which are increasing the markets value. Market Research Future has performed an extensive analysis of the market to find that it is expected to witness steady growth over the forecast period. MRFR has narrowed the market research to the North American market which has been found to be the largest market across the globe.
Prominent players included in MRFR’s report and analyzed are Mirage Health Group, Medi-Care Solutions Ltd., Happersberger otopront GmbH, GN Otometrics, DeVilbiss Healthcare, Interacoustics USA, CHAMMED, Instrumentation DIFRA, Entermed, and others.
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There are two broad types of caloric testing namely water and air calorics. Air caloric testing is performed to test the function of the acoustic nerve, which is key in hearing. This nerve is also highly important to the body as it assists balance and spatial orientation which is required for coordinated movements. Commonly known as the vestibular system, air, and water caloric testing is used extensively to perform tests and diagnose any possible problems that may be present.
MRFR has segmented the North American caloric test market on the basis of devices, end-user, and region. By devices, the market is comprised of water caloric stimulator, ice water caloric stimulator, and others. The water caloric stimulator device leads the market with the largest share. Water is highly effective, and various temperatures can stimulate various desirable results in the required medical application. Based on end-user, the market is categorized by hospital, clinic, research laboratories, and others. North America is segmented by region and includes U.S & Canada.
The U.S accounts for the largest share of the North American market. The presence of several leading market players, high use of advanced healthcare technology and ongoing R&D investments are expected to encourage market growth. According to the Reeve Foundation in 2013, it was recorded that roughly 1 in 50 Americans are paralyzed to some degree. With such high numbers of paraplegics, the demand for caloric testing to relieve phantom limb pains is growing. The presence of a world-renowned and highly populous military means that there are a high number of veterans who are either paraplegic or affected by trauma that led to amputation. Moreover, the Amputee Coalition in 2015 found that over 2 million people are living with limb loss in the U.S. at least 54% of this number are affected by limb loss due to vascular diseases and diabetes. The high prevalence of diabetes in the region is expected to encourage market growth. The regional market carries high opportunities for growth, as the use of caloric testing in treating phantom limb pain is a novel application which is expected to grow in popularity.
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Moreover, with the widespread adoption of headphones and the common practice of playing loud music, can contribute to inner ear problems which ultimately affect the vestibular system. Increasing hearing problems are expected to contribute significantly to market growth. Air and water caloric testing is also finding novel applications in easing phantom limb pains in amputees and paraplegics. Increasing occurrences of spinal injuries are expected to contribute significantly to the growth of the North American caloric testing market. Growing requirements for caloric testing are expected to provide market expansion opportunities.
Study objectives of the Market:
To provide detailed analysis of the market structure along with forecast for the next 7 years of the various segments and sub-segments of the Caloric test market
To provide insights about factors affecting the market growth
To analyze the market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
To provide historical and forecast revenue of the market segments and sub-segments with respect to the main geography and countries within North America.
To provide country level analysis of the market with respect to the current market size and future prospective
To provide country level analysis of the market for segments by method, by end user and its sub-segments.
To provide overview of key players and their strategic profiling in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the North America Caloric test market.
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Caloric test equipment manufacturers & Suppliers
Caloric test products manufacturers & Suppliers
Pharmaceutical and biotechnology companies
Hospitals and diagnostic centers
Medical device companies
Academic research institutes
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