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Oct 5, 2020 10:45 AM ET

Global Medical Tuning Fork Market Set for Rapid Growth, to reach Value around USD 2857.65 Million by 2025

iCrowd Newswire - Oct 5, 2020

Zion Market Research has published a new report titled “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”.

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 an auditory resonator in the shape of a fork that is used in many applications for a fixed sound. The main reason for using the fork form is that, unlike many other forms of resonators, it generates a very simple sound, with most of the vibrational energy at a particular frequency. Using tuning forks, usually C512, medical practitioners evaluate a patient’s hearing. This is most frequently done with two tests, the Weber test and the Rinne test, respectively. In the analysis of the peripheral nervous system, low-pitched ones, typically at C128, are also used to test the sense of vibration.

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The Medical Tuning Fork market is expected to see lucrative growth in the coming years due to the growing geriatric population vulnerable to hearing loss. Medical turning fork is an auditory resonator used by doctors to check patient hearing and to act as a diagnostic tool for listening to patients. Furthermore, medical tuning forks offer painless treatment and are also used by orthopedic doctors to diagnose injuries and correctly evaluate patients in the medical tuning fork that should fuel market growth. The industry’s growth will be positively affected by the favorable regulatory scenario for medical tuning fork products during the study time frame. Regualtory laws are being drafted by the FDA and the EU Commission to protect the market value of clinical tuning forks. This scenario is beneficial to the industry’s growth as it ensures superior quality of medical tuning fork products, thus boosting their demand in the near future, thus boosting the industry’s growth.

The market for Medical Tuning Fork is segmented based on material, end user, and region. 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.

Regional segmentation includes the current and forecast demand for Asia Pacific, North America, Latin America, Europe, and Middle East & Africa with its further bifurcation into major countries. North America’s demand for medical tuning forks is projected to see significant growth over the forecast period. Increasing numbers of research and development practices as well as increasing prevalence of orthopedic disease will fuel the demand for medical tuning forks in North America The tuning fork is commonly used by physicians in the U.S. and Canada to treat bone fractures. Therefore, a favorable regulatory environment will have a positive effect on regional development.

Some of the players included in Medical Tuning Fork market are 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 MarketMaterial Segment Analysis

  • Steel material
  • Aluminum alloy material
  • Others

Global Medical Tuning Fork MarketEnd user Segment Analysis

  • Hospitals
  • Clinics
  • Ambulatory surgical centers
  • Others

Global Medical Tuning Fork MarketRegional 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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Keywords:    Medical Tuning Fork Market

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