Audiology Devices Market Research Size, Shares, Strategies, Trend, Growth And Fo

Posted by akshayparmar on November 8th, 2017

Audiology Devices Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2017 - 2025, the audiology devices market was valued at USD 9,180.4 Mn in 2017, and is expected to reach USD 12,759.8 Mn by 2025, expanding at a CAGR of (5.4%) from 2017 to 2025.

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Market Insights

Increasing base of aging population, mounting prevalence of hearing loss, rising patient’s awareness and favorable reimbursement policies in developed countries are the key factors assisting the growth of audiology devices market. Hearing aids was the leading product segment of this market due to rising application rate of these devices along with the introduction of advanced and novel digital technology and aesthetically attractive hearing aids. Estimates published by the World Health Organization (WHO) suggest that the global geriatric population i.e. pertaining to the age group – 65 years and above is expected to rise from 7% in 2000 to 16% in 2050. 

Market Competition Assessment:

The audiology devices market is observed as the most diversified and competitive market comprising large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are Sonova Holding AG, William Demant Holdings A/S, GN Re Sound Group, Seimens Healthcare, Starkey Hearing Technologies, Widex A/S and Others.

Key Market Movements:

• Market experts suggest that, significantly rising market penetration and acceptance of digital hearing aid technology and demand for aesthetically attractive hearing aids are additional key factors responsible for growth of overall market
• Increasing prevalence of deafness and hearing loss is one of the highest impact rendering drivers of the audiology devices market on account of the fact that increase in the prevalence of these disorders has a direct impact on the customer base
• High prices associated with hearing impairment solutions especially surgery based is expected to restrain market growth during the forecast period

 

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research

Chapter 2 Executive Summary
2.1 Global Audiology Devices Market, by Product Type, 2015 v/s 2023 (Value %)
2.2 Global Audiology Devices Market, by Geography, 2015 (Value %)

Chapter 3 Global Audiology Devices Market Overview
3.1 Overview
3.2 Market Drivers
3.2.1 Rising prevalence of hearing impairment coupled with aging population
3.2.2 Incessant technological development in the audiology devices
3.2.3 Supportive government policies and initiatives that increases the public awareness related to audiology devices
3.3 Market Restraints

Chapter 4 Global Audiology Devices Market Analysis, By Product Type
4.1 Overview
4.2 Hearing Aids
4.2.1 In-The-Ear hearing aid
4.2.2 Receiver-in-the-Ear (RITE) hearing aid
4.2.3 Behind-the-Ear (BTE) hearing aid
4.2.4 Canal hearing aids ITC, CIC and IIC hearing aid
4.3 Cochlear Implants

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akshayparmar

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akshayparmar
Joined: July 31st, 2017
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