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Audiology Devices Market Size, Share, Global Trends, Company Profile, Demand, Insights, Analysis, Research, Report, Opportunities, Forecast, 2014 - 2020
Upcoming: 2016 Category: Healthcare
Audiology Devices Market Overview • Audiology devices are electronic devices used by audiologists for the diagnosis and treatment of hearing impairment or hearing loss. • They are also used for monitoring or studying hearing. Hearing impairment or frequent hearing loss is often associated with old age and is a growing problem globally.
• The high prevalence of hearing problems is precipitated by the growing ageing population and the rising incidence of impairment and loss of hearing among younger generations; these factors are therefore the key drivers for this market. • Moreover, the cosmetic appeal of hearing devices and high prevalence of deafness is spurring the growth of this market. • Additionally, technological advancement, cost-effective and efficient devices (such as wireless devices), and widespread acceptance of novel devices amongst the geriatric population is also expected to fuel market growth. • On the other hand, the high cost of solutions used in surgeries and social stigma associated with the appearance of audiology devices act as major restraints for this market.
Audiology Devices Market Report Overview The global audiology devices market is segmented into product type and geography. On the basis of product type the market is segmented into bone anchored aids for hearing, cochlear implants, hearing aids and diagnostic devices. Hearing aids dominate the market as they are comfortable, user friendly and possess superior connectivity.
Additionally, cochlear implants are witnessing the highest growth rate in the overall market during the forecast period, due to technological advancements and rising demand from consumers. In terms of geography, the market is segmented into various regions such as North America, Europe, Asia Pacific and LAMEA. European countries hold the largest market share. This is attributed to the prevalence of deafness and growing awareness regarding the technology in these countries.
Key Benefits of Audiology Devices Market • Extensive analyses of the factors that drive and limit the growth of the audiology devices market are provided. • Deep dive analysis of segments such as equipment products, technologies, applications and procedures provide insights that would enable companies to gain competitive edge. • In-depth analysis of various regions would give a clear understanding of the trends in various regions so that companies can make region specific plans. • The competitive landscape section lists the market shares held by the leaders in the industry along with the key strategies adopted by them to gain high monetary value.
Audiology Devices Market Segments By Products Bone Anchored Aids for Hearing Cochlear Implants Hearing Aids • By Technology • Digital Hearing Aids • Analogue Hearing Aids • By Type • RITE (Receiver-in-the-Ear) Aids • ITE (In-the-Ear) Aids • BTE (Behind-the-Ear) Aids • Canal Hearing Aids • ITC (In-the-Canal) • CIC (Completely-in-Canal) • IIC (Invisible-in-Canal) Diagnostic devices Tympanometers Audiometers Otoscopes
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