Vestibular Testing System Market Size, Share, Growth Report 2032

Industry Perspective:

The global vestibular testing system market size was worth USD 98.5 million in 2021 and is estimated to grow to USD 136.59 million by 2028, with a compound annual growth rate (CAGR) of about 5.6% over the forecast period. The report analyzes the vestibular testing system market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the vestibular testing system market.

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Vestibular Testing System Market: Overview

The visual and vestibular systems are linked to the eye muscles and neck, allowing balance maintenance. Head movements or inner ear stimulation send signals to the central nervous, which controls the movement patterns of the eye muscles. The vestibular-ocular reflex (VOR) is the name given to this reflex pathway system. Vestibular tests are a group of tests used to diagnose problems or diseases affecting the vestibular part of the eardrum. These tests are used to determine whether dizziness and other neurophysiological diseases are induced by the brain, medical disorders like low blood pressure, or psychological disorders like anxiety. Vestibular diseases such as vertigo and dizziness disease affect 30% of the global geriatric population. The growing prevalence of vestibular diseases and the focus on building newer tests and raising public awareness all contribute to the expansion of the global vestibular testing systems market. However, the absence of reimbursement, increased costs of such tests, and minimal disposable income in developing regions impede market growth over the forecast period. A challenging reimbursement circumstance is negatively affecting the growth in demand for vestibular testing services. Many people rely on healthcare insurance to cover the cost of their medical care. However, the vestibular diagnostics industry as a whole lacks reimbursement for its various devices.

COVID-19 Impact:

The COVID-19 pandemic harmed the worldwide healthcare system as well as disrupted the critical drug and medicine supply chain. It has had a negative impact on the market for vestibular testing systems. Due to shutdown and other restrictions, only the medical materials and life support item sectors were allowed. This hampered the market for vestibular testing systems. The pandemic also slowed global market growth, with only a few major market players functioning during the pandemic. Growth is expected to accelerate as lockdowns are relaxed and work stoppage orders are cleared.

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Key Insights

• The global vestibular testing system market is presumed to witness growth at a CAGR of 5.6% during the forecast period.
• The global vestibular testing system market was worth USD 98.5 million in 2021 and is estimated to grow to USD 136.59 million by 2028.
• Technological advancement and the implementation of high-accuracy vestibular testing methods for the treatment of vertigo, dizziness, and balance disorders are driving the global market growth.
• The high cost of vestibular testing devices and associated expensive tests restrict the market growth.
• By products, the videonystagmography (VNG) systems segment led the market in 2021 and is expected to maintain its dominance throughout the forecast period.
• By end user, VEMP systems for hospitals segment had the highest market share of 67.2% in 2021 due to the availability of technology for the identification of vestibular diseases and the presence of qualified physicians for proper diagnosis at hospitals.
• The North American region had a major share in terms of value in the vestibular testing system market in 2021.

Vestibular Testing System Market: Growth Drivers

Technological advancement is enhancing the market demand for vestibular testing systems

The implementation of high-accuracy vestibular testing tools for the treatment of balance, vertigo, and dizziness disorders, as well as technological advancements, contributes to the global vestibular testing system market growth. Global demand for vestibular testing systems is growing due to technological development and the low cost of videonystagmography compared to other existing systems. Leading manufacturers and healthcare providers in vestibular testing systems have taken the initiative to raise awareness among health professionals by launching technologically advanced vestibular testing systems.

Vestibular Testing System Market: Restraints

High cost of vestibular testing devices and the associated expensive tests limit the global market growth

Vestibular testing system is more expensive than other tests. According to leading otolaryngologists, a rotational chair test is one of the ideal tests for vertigo or dizziness. However, due to the high cost (nearly USD 100,000) and limited utility, the system is only used in hospital laboratories where various clinicians can use it. Vestibular-evoked myogenic potential (VEMP) and computerized dynamic posturography (CDP) are twice as expensive as other treatments. Besides that, physical therapy services are less expensive than vestibular testing.

Vestibular Testing System Market: Opportunities

Demand from emerging nations and developing healthcare infrastructures are generating growth opportunities

The expansion of health infrastructure in emerging economies and increased healthcare spending are the primary market drivers. In addition, numerous medical device firms have developed advanced infrastructures, opening new revenue streams for existing manufacturers, demonstrating an opportunistic approach to the growing demand for vestibular testing systems.

Vestibular Testing System Market: Challenges

Lack of reimbursement is proving to be a global challenge for market

A challenging reimbursement situation is negatively affecting the growth in demand for vestibular testing services. The majority of people depend heavily on insurance to cover their medical expenses. In general, there are no reimbursements for the various devices used in the vestibular testing industry. Affordability is a key issue for most people in nations such as the U.K. and Germany due to the lack of insurance coverage and government assistance policies covering various treatments. One of the main factors impeding the development of the global vestibular testing system market is the lack of social health insurance.

Vestibular Testing System Market: Segmentation

The global vestibular testing system market is segregated based on product, end user, and region.

By product, the market is divided into videonystagmography (VNG) systems, vestibular evoked myogenic potential (VEMP) systems, rotary chairs, and computerized dynamic posturography. Over the forecast period, the videonystagmography (VNG) systems market is expected to develop at the fastest rate. The demand for VNG systems is ascribed to the fact that they measure involuntary eye movement, which could be a vestibular disorder symptom.

By end user, the market is classified into VEMP systems for hospitals, and VEMP systems for private clinics. Among these, the VEMP systems for hospitals segment had the highest market share of 67.2% in 2021, owing to the availability of technology for the identification of vestibular diseases and the presence of qualified physicians for proper diagnosis at hospitals.

Recent Developments

• October 2020 - Interacoustics announced the release of the 3rd generation of VisualEyes. This new vestibular system includes videonystagmography, camera head impulse testing, vibrant visual acuity, intense head rotation, and rotational chair testing into a single integrated system.
• February 2020 - The Newport-Mesa Audiology Balance & Ear Institute (the Institute) launched a home-based Vestibular Virtual Reality (VVR) system to treat vertigo, dizziness, and imbalance now available to domestic and international patients. The home-based VVR intervention system is an extended version of the Institute's registered trademark advanced vestibular treatment.

Report Scope:

Vestibular Testing System Market: Regional Landscape

Increasing prevalence of vestibular diseases and improvement in the healthcare system is likely to help North America dominate the global market

North America led the global vestibular testing system market in terms of revenue in 2021 and is projected to continue this trend throughout the forecast period. This expansion can be attributed to the region's well-established healthcare infrastructure, the rising prevalence of vestibular diseases, increased public awareness, and other factors. Lifestyle changes, advanced product innovations, and early technology adoption are other factors influencing this region's market growth. According to the NIDCD, present in about 3.3 million children under age 3-17 years in the United States have dizziness or balance issues, which equates to more than one in every twenty children. In addition, age has been linked to an increase in prevalence. Thus, the growing number of patients suffering from dizziness and balance disorders in the Canada and U.S. has led to high market demand for vestibular testing systems in North America.

The regional market in the Asia Pacific is anticipated to grow at the fastest rate during the period of projection. The increasing patient base and government efforts to improve healthcare infrastructure in China, Japan, and India are driving regional growth. In addition, the international validation of Chinese vestibular measurement applications and studies has resulted in a broader scope of evaluation of recently developed VEMP system applications in the country. Companies in the Asia Pacific are concentrating their efforts on diversifying their product portfolios, diversifying their business operations, lowering costs, increasing user satisfaction, and improving the vestibular testing system’s reliability.

Vestibular Testing System Market: Competitive Landscape

Some of the main competitors dominating the global vestibular testing system market include - Framiral, Natus Medical Incorporated, Bertec Corporation, BioMed Jena GmbH, Synapsys (Inventis), Neuro Kinetics Inc., Interacoustics A/S, Micromedical Technologies, Instrumentation Difra SA, and Balanceback.

Global vestibular testing system market is segmented as follows:

By Product

• Videonystagmography (VNG) Systems
• Vestibular Evoked Myogenic Potential (VEMP) Systems
• Rotary Chairs
• Computerized Dynamic Posturography

By End User

• VEMP Systems for Hospitals
• VEMP Systems for Private Clinics

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa