Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 98.5 Million | USD 136.59 Million | 5.6% | 2021 |
FrequentlyAsked Questions
The global market for vestibular testing systems is expected to grow significantly in terms of value owing to the increasing prevalence of vertigo and balance disorder and the growing adoption of medicinal treatments for vertigo, dizziness, and imbalance. Other factors propelling the global market include increased healthcare spending, awareness, and supportive government reimbursement. The players in the global market for vestibular testing systems are also seeing potential growth opportunities due to technological advancements.
According to the report, 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, with a compound annual growth rate (CAGR) of about 5.6% over the forecast period.
North America led the 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. In addition, lifestyle changes, advanced product innovations, and early technology adoption are other factors influencing this region's market growth.
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.
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