Hexa Research
This presentation is the property of its rightful owner.
Sponsored Links
1 / 5

Audiology Devices Market is Expected to Grow at a CAGR of 5% by 2020 - Rese... PowerPoint PPT Presentation


  • 70 Views
  • Uploaded on
  • Presentation posted in: Industry

Audiology Devices Market Size By Product, By Technology, Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share And Forecast To 2024

Download Presentation

Audiology Devices Market is Expected to Grow at a CAGR of 5%...

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Audiology devices market is expected to grow at a cagr of 5 by 2020 research report by hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

Audiology Devices Market Analysis, Size, Share, Growth,

Industry Trends and Forecast to 2024 - Hexa Research

Audiology devices are the electronic instruments that help the impaired in diagnosing and

treating their hearing disorders. The hearing disorders include nerve deafness and congenital

hearing problem whereas, sensorineural, conductive and mixed are the hearing losses that

people suffer from and can be treated with audiology devices. Audiology devices are also used

in studying and monitoring the hearing process by audiologists. Healthcare industries,

audiologists and service providers are the main users of these devices. Though the market for

these audio devices is still developing, it has undergone some major changes in recent years

due to technological advancements. The market for audiology devices is expected to grow at a

CAGR of 5% over the forecasted period till 2020.

The growing demand for audiology devices is driven by various factors like the increasing

number of geriatric population around the world as well as the increasing number of hearing

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


Audiology devices market is expected to grow at a cagr of 5 by 2020 research report by hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

disorders in youth. The number of old people is also rising at a considerable rate compounding

the demand for hearing aids. The rising awareness of available audio logical help and the

increasing sophisticated healthcare infrastructure are also helping the market to grow. The

importance of hearing in communication and the growing disposable income of the populace are

also fueling the growth of audiology devices. Yet, the narrowing of price rates, a long shelf life,

and new product technology can bottleneck the industry growth. The stringent laws and

associated social stigma may also act as a hindrance in the industries growth.

Browse Detail Report with TOC @

https://www.hexaresearch.com/research-report/audiology-devices-industry/

The audiology devices market is segmented in different categories based upon product

deployment. These segments are, Cochlear implants, diagnostic devices, bone anchored

hearing aids, technological aid and hearing aid. The Cochlear implants give a sense of sound by

bypassing the sensory cells, while the diagnostic implants include audiometers and otoscopes.

Technology aid devices include various analog and digital devices and the hearing aids

receiver-in-the-ear (RITE), behind-the-ear (BTE) and such devices. As of now the hearing aid

product segment holds the largest market segment in terms of market share, owing to its ease

of use and accessibility. In years to come, the cochlear aids are expected to grow at the highest

growth rate.

Segmentation of industrial robotics market based on region is done in five major zones, namely,

North America, Asia Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America.

Of these regional segments, the European segment leads globally in terms of market share due

to availability of sophisticated healthcare infrastructure, rapid adoption of advanced technology

and high disposable income. The majority of industry players are situated in European segment

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


Audiology devices market is expected to grow at a cagr of 5 by 2020 research report by hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

accelerating the markets growth. The Asia-Pacific region is expected to grow at the fastest rate

with the increasing market size and emerging economies like China and India.

The audiology devices market has great growth opportunities in the near future due to the rising

acceptance of hearing aid and devices and the increasing amount of research and development

undertaken. The innovation in industry, efficient and cost effective new products and the

growing purchasing power of emerging economies may boost the key players to explore new

opportunities. The Governments of some countries too, are pressing for better healthcare

infrastructure, hence creating new areas to venture.

Some reputed global vendors of audiology devices are, Sonova Holdings AG, NHC/Amplifon,

ReSound, GN ReSound Group, Sophono, William Demant, , Starkey Hearing Technologies,

Siemens Healthcare and Widex A/S, Phonak, Audioscan, Cochlear Ltd., Interacoustics,

Advanced Bionics, MED-EL, Natus, Duracell and Grason-Stadler. Of these Sonova, William

Demant, GN Resound, and Siemens hold the largest market share.

Vendors of audiology devices are using many different strategies like acquisition and mergers,

new product and development and partnerships and collaborations to acquire and maintain the

competitive edge in the market. The market is expected to be very competitive owing to the

presence of a few large players and the similarity in the product offerings. The intellectual

property and patenting conflicts also play an important role in the industry dynamics.

In May 2016, Sonova Holding AG, one of the leading vendors of hearing devices announced

their plans to acquire AudioNova International B.V., a hearing aid retailer from Europe. This will

enhance their reach and professional service and retail and create world’s broadest hearing aid

retail.

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


Audiology devices market is expected to grow at a cagr of 5 by 2020 research report by hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

In September 2015, William Demant Holding AG acquired Audika Groupe, a hearing aid retailer

in France. This transaction helped William Demant to maintain their competitive advantage in

the European market.

Table of Contents

Chapter 1 Methodology & Scope

1.1 Research Methodology

1.1.1 Initial data exploration

1.1.2 Statistical modeling and forecast

1.1.3 Industry insights and validation

1.2 List of Data Sources

Chapter 2 Executive Summary

2.1 Audiology devices market snapshot, 2012 - 2024

Browse related category market reports @https://www.hexaresearch.com/research-

category/medical-devices-industry

About Us:

Hexa Research is a market research and consulting organization, offering industry reports,

custom research and consulting services to a host of key industries across the globe. We offer

comprehensive business intelligence in the form of industry reports which help our clients obtain

clarity about their business environment and enable them to undertake strategic growth

initiatives.

Contact Us:

Ryan Shaw

Hexa Research

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


Audiology devices market is expected to grow at a cagr of 5 by 2020 research report by hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

Felton Office Plaza

6265 Highway 9

Felton, California 95018

United States

Phone: +1-800-489-3075

Email: [email protected]

Website - http://www.hexaresearch.com/

Follow us on Linkedin: https://www.linkedin.com/company/hexa-research

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


  • Login