Industry Background:
Audiology devices are an electronic device that amplifies and changes sound to allow for improved communication. These devices are highly efficient for treating hearing weakening like nerve deafness and congenital hearing problem. Audiology devices are gaining importance across the globe as communication is the most important skill which improves relationships and preserves independence. The increasing prevalence of deafness especially in geriatric population is projected to propel the market growth in near future.
The Global Audiological Devices market presents a comprehensive analysis of the Audiological Devices market by product type (Cochlear Implants, Diagnostic Devices, Bone-Anchored Hearing Aids and Hearing Aids), by end-user/application (Hospitals, Audiology Clinics, Rehabilitation Centers and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. The key Players profiled in the report are William Demant (Denmark), Starkey Hearing Technologies (United States), Sonova (Switzerland), Medtronic (Republic of Ireland), WIDEX (Denmark), Sivantos (Singapore), Cochlear (Australia), Microson (Barcelona), MED-EL (Austria) and Interacoustics (Denmark). Additionally, other players that are part of this comprehensive study are GN Hearing (Denmark), Benson Medical Instruments (United States), Audina Hearing Instruments (United States) and Inmedico. (Denmark).
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | William Demant (Denmark), Starkey Hearing Technologies (United States), Sonova (Switzerland), Medtronic (Republic of Ireland), WIDEX (Denmark), Sivantos (Singapore), Cochlear (Australia), Microson (Barcelona), MED-EL (Austria) and Interacoustics (Denmark) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Advanced Technologies in Audiology Device Market and Demand for Invisible and Water Resistance Audiology Devices
Market Growth Drivers:
Rising Geriatric Population across the Globe, Increase in Number of Hearing Loss Diseases and High Growth in Online Sales of Audiology Devices
Challenges:
Unfavorable Reimbursement Scenario and Lack of Healthcare Infrastructure in Emerging Economies
Restraints:
Low Penetration Due To High Cost and Lack of Awareness in Developing Countries
Opportunities:
Introduction of Innovative Audiology Devices
Regional Breakdown and Segment Analysis
This section of our report presents a realistic picture of the Global Audiological Devices industry. Investors and manufacturers can easily understand the inherent opportunities and challenges for their products in the geographical region of interest. For instance, while the Europe holds majority of market share of the Audiological Devices, the North America has emerged as a crucial market for several Audiological Devices brands.
The Disease Type, such as Otitis Media, is boosting the Audiological Devices market and is anticipated to experience a steady growth during the forecast period.
On 27 June 2018, Cochlear Limited, the global leader in implantable hearing solutions, has today announced the release of the Nucleus Smart App for Android™ offering greater connectivity than ever before for people with a Nucleus 7 Sound Processor. Users can now control their hearing with the Nucleus Smart App* from a compatible Android device, allowing them to monitor and adjust their settings, view personalised hearing information and even locate a missing sound processor, all from the convenience of thei
The regional segmentation covered in this report are:
South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Denmark, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)