Navigation Links
Audiology Devices Market Analysis by Product (Cochlear Implants, Bone Anchored Hearing Aids, Hearing Aids, Audiometers) Expected to Reach USD 9,542.3 Million by 2020
Date:7/29/2014

San Francisco, California (PRWEB) July 29, 2014

The global market for audiology devices is expected to reach USD 9,542.3 million by 2020, growing at an estimated CAGR of 5.0% from 2014 to 2020, according to a new study by Grand View Research, Inc. Introduction of technological advancements such as wireless devices, acceptance of these devices by the geriatric population, along with increase in demand of cost-effective and efficient devices are some of the major drivers of this market. In addition, presence of untapped growth opportunities in emerging countries such as India, Brazil, and China, and the increasing health awareness are expected to serve this market as future growth opportunities.

Hearing aids dominated the overall market in terms of revenue share at 64.1% in 2013. High comfort rendered by these products, enhanced connectivity, and enhanced user friendliness are some of the factors attributing to its high usage rates and subsequently large market share.

The report, “Audiology Devices Market Analysis by Product (Cochlear Implants, Bone Anchored Hearing Aids, Hearing Aids, Audiometers, Otoscopes, Tympanometers) and Segment Forecasts To 2020,” is available now to Grand View Research customers at http://www.grandviewresearch.com/industry-analysis/audiology-devices-market

Request free sample of this report at http://www.grandviewresearch.com/industry-analysis/audiology-devices-market/request

Further key findings from the study suggest:

  • Behind-the-Ear (BTE) aids dominated the hearing aid market by product in terms of share at over 55.5% in 2013 due to its ease of use and connectivity.
  • Europe was the largest regional market in 2013, accounting for over 40.0% of global revenue due to the increased prevalence of deafness coupled with the presence of high patient disposable incomes and sophisticated healthcare infrastructure.
  • Asia Pacific audiology devices market is expected to grow at the fastest CAGR of 7.4% from 2014 to 2020. Presence of unmet medical needs coupled with a regularly improving healthcare infrastructure coupled with growing population in emerging markets such as India and China are some of the factors attributing to its lucrative growth.
  • Cochlear implants are expected to witness significant growth over the forecast period, owing to its high effectiveness in terms of sentence understanding. A cochlear implant achieves an average of 80% sentence understanding as compared to hearing aids with 10% sentence understanding.
  • Key industry participants of this market include William Demant Holdings A/S, GN ReSound Group, Sonova Holdings AG, Starkey Hearing Technologies, Siemens Healthcare and Widex A/S, Phonak, Audioscan, Cochlear Ltd., Interacoustics, ReSound, Rayovac, Advanced Bionics, MED-EL, Natus, Duracell, Grason-Stadler, Sophono, Oticon, MedRx, Power One, Austar Hearing, National Hearing Care, and NHC/Amplifon.

Browse all reports of medical devices market by Grand View Research at http://www.grandviewresearch.com/industry/medical-devices

For the purpose of this study, Grand View Research has segmented the audiology devices market on the basis of product, technology, and region:

  •      Audiology Devices Product Outlook
            • Cochlear implants
            • Diagnostic devices
                    • Tympanometers
                    • Otoscopes
                    • Audiometers
            • Bone anchored hearing aid Open system
            • Hearing Aids Market by Products
                    • In-the-ear aids (ITE)
                    • Receiver-in-the-ear aids (RITE)
                    • Behind-the-ear aids (BTE)
                    • Canal hearing aids: in-the-canal (ITC), invisible-in-canal (IIC), completely-in-canal (CIC)
            • Hearing Aids Market by Technology
                    • Digital hearing aids
                    • Analog hearing aids
  •      Audiology Devices Regional Outlook
            • North America
            • Europe
            • Asia Pacific
            • RoW
Browse all Grand View Research ongoing reports at http://www.grandviewresearch.com/ongoing-reports

About Grand View Research:

Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials, and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com/

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058

Related Reports

Atrial Fibrillation Market Analysis by Procedure (Pharmacological Drugs, Anti-arrhythmic, Anti-coagulant, Non-Pharmacological Treatments, Radiofrequency, HIFU, Cryoablation, Microwave, Laser, Catheter Ablation, Maze Surgery, Electric Cardioversion) and Segment Forecasts to 2020 (http://www.grandviewresearch.com/industry-analysis/atrial-fibrillation-treatment-industry)

The global market for atrial fibrillation procedures and products is expected to reach USD 16.17 billion by 2020, growing at a CAGR of 13.2%, according to a new study by Grand View Research, Inc. Growing incidences of atrial fibrillation, strokes, and brain damage due to blood clots coupled with a growing global base of geriatric population is expected to be a key driver for this market. Some of the other drivers of this market include the introduction of technological advancements in the fields of radio frequency and microwave catheter ablation, growing demand for minimally invasive procedures, and increasing prevalence of disease causing lifestyle habits such as smoking and excessive alcohol consumption.

Portable X-Ray and CT Scan Devices Market Analysis by Product (X-Ray Devices, Mobile X-Ray Devices, Handheld X-Ray Devices, CT Scan Devices), by Technology (X-Ray Devices, Analog, Computed Radiography, Digital Radiography, CT Scan Devices, Low Slice Scanners, Medium Slice Scanners, High Slice Scanners) and Segment Forecasts to 2020 (http://www.grandviewresearch.com/industry-analysis/portable-x-ray-and-ct-scan-devices-industry)

The global market for portable X-ray and CT scan devices is expected to reach USD 8,408.0 million by 2020, according to a new study by Grand View Research, Inc. Rising demand for bedside imaging, home healthcare and the growing use of CT scan devices for anatomical confirmation, and to assess the accuracy of medical implants during and post interventional medical procedures are two of the most significant growth drivers of this market.

Read the full story at http://www.prweb.com/releases/Audiology_Devices_Market/Industry_Trends_Analysis/prweb12054211.htm.


'/>"/>
Source: PRWeb
Copyright©2014 Vocus, Inc.
All rights reserved

Related medicine news :

1. Audiology Associates Extends Comprehensive Tinnitus Testing and Treatment Program for Mill Valley Residents
2. Top Provider for Hearing Aids in Nashville, Audiology Associates & Hearing Aids Today, Goes Green and Now Recycles Hearing Aid Batteries
3. The Audiology Center of Hagerstown, Provider of Hearing Aids in Hagerstown MD, Now Offers a Complimentary Hearing Evaluation
4. Hillsborough Audiology & Hearing Aid Center, Inc — Provider of Hearing Aids in Sun City Center, FL — Reannounces New Offer for Complimentary Hearing Screening and Consultation
5. Premier Provider of Hearing Aids in Victoria TX - Gulf Coast Audiology Extends Complimentary Hearing Screening through January
6. Center for Hearing, Number One Provider of Hearing Aids in Fort Smith AR, Now is Fort Smith’s First and Only Private Practice Audiology Clinic
7. Provider of Hearing Aids in Woodstock, GA — Progressive Audiology Center, Inc. — Announces Complimentary Screening and Online Hearing Test
8. Audiology Services of Chattanooga Inc., Best Clinic for Hearing Aids in Chattanooga, Reveals New Video From Founder
9. Nardelli Audiology — Premier Provider of Hearing Aids in Clarksburg WV — Announces Special Offer
10. A New Partnership: The Ohio Board of Speech-Language Pathology and Audiology & CE Broker, Inc.
11. AudioNotch Launches Partnership Program With Audiology Clinics Worldwide
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/28/2016)... ... May 28, 2016 , ... "Color Grading media can be time ... preset onto their media," said Christina Austin - CEO of Pixel Film Studios. ... and easily add stylish color grades to their footage. A LUT is a Lookup ...
(Date:5/27/2016)... ... 27, 2016 , ... Southland Log Homes , designer and manufacturer of ... kits, which can be found on its website at SouthlandLogHomes.com. , The designs of ... they highlight the craftsmanship of timber post and beam construction. The result is ...
(Date:5/27/2016)... ... , ... This campaign aims to provide a path to improved education and ... and change. , As nearly 795,000 Americans suffering from a new or recurrent stoke ... with an estimated 129,000 of these people dying from stroke, it’s become our nation’s ...
(Date:5/27/2016)... ... 2016 , ... Aimed at nurses and employees in the health care world, ... in the nursing and health care industry. It also provides insight to the developing ... , As the nursing industry is coming out of one of the biggest ...
(Date:5/26/2016)... ... May 26, 2016 , ... W.S. Badger Co. Inc ., the maker ... 2016 When Work Works Award for its use of effective workplace strategies to increase ... Works project administered by the Families and Work Institute (FWI) and the Society for ...
Breaking Medicine News(10 mins):
(Date:5/26/2016)... WASHINGTON , May 26, 2016 ... Microspheres, Associated With Both Cost Savings and ... BTG plc (LSE: BTG), an international specialist healthcare ... data at the 21st Annual Meeting of ISPOR ... that treatment of hepatocellular carcinoma (HCC) using yttrium-90 ...
(Date:5/25/2016)... , May 25, 2016 According ... by Type (3D, 2D, 4D), by Therapeutic Area (Oncology, ... End User (Medical Device Manufacturers, Hospitals/ Clinics) - Forecast ... global Medical Animation Market for the forecast period of ... USD 301.3 Million by 2021 from USD 117.3 Million ...
(Date:5/25/2016)...  According to Kalorama Information, the world market ... Though these are challenging times in the market, ... for companies that remain optimistic and seek innovation.  ... prospects medical device companies spend a higher percentage ... than do companies in other industries.  Also, in ...
Breaking Medicine Technology: