Audiology Devices Market Detailed Analysis of Current Industry Figures with Forecasts Growth By 2025
Category: #health  By Partha Ray  Date: 2019-08-02
  • share
  • Twitter
  • Facebook
  • LinkedIn

Audiology Devices Market Detailed Analysis of Current Industry Figures with Forecasts Growth By 2025

Audiology devices market, thriving on the cusp of digital interventions, has witnessed remarkable proceeds over the past decade. Introduction of DSP (Digital Signal Processing) in hearing systems has been heralded with great expectations and acclaim. With better fidelity and improved performance, modern day’s digital hearing aids claim to offer greater restoration for a wide range of perplexing auditory deficits. Needless to mention, companies partaking in audiology devices industry are leaving no stone unturned to exploit the maximum potential of this technology. Starkey’s recent launch of Muse iQ Rechargeable 900sync™ is an apt evidence of the same.

Elaborating further, Muse iQ Rechargeable that has been unveiled by Starkey Hearing Technologies in the beginning of this year is claimed to be world’s smartest and smallest hearing aid. Based on the company’s flagship Acuity™ OS operating system and award-winning Synergy® platform, this breakthrough hearing aid offers high-definition clarity, sound, and presence. While Starkey’s deep-rooted stance in audiology devices industry in not unheard of, bringing market’s smallest technology enabled hearing solution is certainly a breakthrough of sorts. As claimed by sources, this groundbreaking technology was launched at Starkey’s Hearing Innovation Expo based in Las Vegas.

Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/426

It is undeniable that hearing aids are the most convenient clinical intervention for hearing deficiencies, subject to which it has procured maximum of the audiology devices industry share in 2016. However, it has been observed that recent technological advancements have led to an increasing deployment of alternative hearing devices. Growing awareness and utilization of cochlear implantation (CI) can be majorly attributed to this fundamental aspect, driven by its cost-effective outcome-based solutions.

It is imperative to mention here that the utilization rate of cochlear implantation in major part of the world is higher for children than geriatric populace. The trend is synonymous for the U.S. audiology devices market where the utilization rate among children having appropriate audiological profile is nearly 50%. Whereas it is less than 5% for the adult profile. When being surveyed on a much larger base of adults than children who suffer from profound hearing loss, it has been observed that cochlear implantation surgeries in the country cover 60% adults and 40% children. Despite the fact that this technology has received FDA approval long back, experts believe dearth of proper awareness campaigns is somewhat hindering its full-fledged optimization in audiology devices market.

Make Inquiry about this report @ https://www.gminsights.com/inquiry-before-buying/426

Nonetheless, the ongoing research activities is certain to open new doors of opportunities for audiology devices market, through which unconventional hearing device manufacturers seem to garner profits. Add to it, growing geriatric populace vulnerable to hearing deficits is bound to create massive demand for product innovation in the marketplace. In this regard, experts claim, implementation of stringent regulatory norms related to hearing devices will have a significant impact on the product development. In terms of profitability potential, Global Market Insights, Inc. forecasts audiology devices industry size to surpass USD 10 billion by 2024.

Report Content

Chapter 1.  Methodology

1.1. Methodology

1.2. Market definition

1.3. Forecast parameters

1.4. Data sources

1.4.1. Secondary

1.4.1.1. Paid sources

1.4.1.2.    Unpaid sources

1.4.2. Primary

Chapter 2.  Executive Summary

2.1. Audiology devices industry 360º synopsis, 2013 - 2024

2.1.1.  Business trends

2.1.2.  Product trends

2.1.3.  Regional trends

Chapter 3.  Audiology Devices Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 – 2024

3.3. Industry impact forces

3.3.1.  Growth drivers

3.3.1.1.  Increasing geriatric population worldwide

3.3.1.2.  Rising incidence of hearing loss disorders

3.3.1.3.  Technological and product innovation in developed countries

3.3.1.4.  Favorable regulatory scenario

3.3.2.  Industry pitfalls & challenges

3.3.2.1.  High cost of implant surgeries

3.3.2.2.    Concerns regarding aesthetic appeal

3.4. Growth potential analysis

3.4.1.  By product

3.5. Regulatory landscape

3.5.1.  U.S.

3.5.2.  Europe

3.6. Reimbursement scenario

3.7. Porter’s analysis

3.8. Competitive landscape, 2017

3.9. PESTEL analysis

Chapter 4.  Audiology Devices Market, By Product

4.1. Key segment trends

4.2. Hearing aids

4.2.1.  Market size by region, 2013 – 2024 (USD Million)

4.2.2.  In-the-ear hearing aid (ITE)

4.2.2.1.    Market size by region, 2013 – 2024 (USD Million)

4.2.3.  Receiver-in-the-ear (RITE)

4.2.3.1.    Market size by region, 2013 – 2024 (USD Million)

4.2.4.  Behind-the-ear (BTE)

4.2.4.1.    Market size by region, 2013 – 2024 (USD Million)

4.2.5.  Canal hearing aids ITC, CIS and IIC

4.2.5.1.    Market size by region, 2013 – 2024 (USD Million)

4.3. Cochlear implants

4.3.1.  Market size by region, 2013 – 2024 (USD Million)

4.4. BAHA/BAHS

4.4.1.  Market size, by region, 2013-2024 (USD Million)

4.5. Diagnostic devices

4.5.1.  Market size, by region, 2013-2024 (USD Million)

4.5.2.  Tympanometers

4.5.2.1.    Market size, by region, 2013-2024 (USD Million)

4.5.3.  Otoscopes

4.5.3.1.    Market size, by region, 2013-2024 (USD Million)

4.5.4.  Audiometer

4.5.4.1.    Market size, by region, 2013-2024 (USD Million)

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

...

Read More

More News By Partha Ray

Bed Monitoring System & Baby Monitoring System Market 2019| Application and Future Forecast by 2025
Bed Monitoring System & Baby Monitoring System Market 2019| Application and Future Forecast by 2025
By Partha Ray

Bed Monitoring System & Baby Monitoring System market report provides a comprehensive landscape of the industry, accurate market estimates and forecast split by product, application, technology, region and end-use. All quantitative information is...

Bio Decontamination Market 2019| Application and Future Forecast by 2025
Bio Decontamination Market 2019| Application and Future Forecast by 2025
By Partha Ray

Bio Decontamination market report provides a comprehensive landscape of the industry, accurate market estimates and forecast split by product, application, technology, region and end-use. All quantitative information is covered on a regional as well ...

Data Broker Market to witness high growth in near future
Data Broker Market to witness high growth in near future
By Partha Ray

The Data Broker market study now available with Market Study Report, LLC, is a collation of valuable insights related to market size, market share, profitability margin, growth dynamics and regional proliferation of this business vertical. The study ...