Navigation Links
Phonak, Starkey and Oticon Prosper in Billion Dollar U.S. Hearing Aids Market as Consumer Attitudes Shift with Improved Technology Reports iData Research
Date:8/28/2013

Vancouver, BC (PRWEB) August 28, 2013

Approximately 39 million Americans suffer from hearing impairment but only a minor number of them have purchased hearing aids. According to a new report by iData Research, there is great market potential for hearing aids in the U.S. as device penetration remains low.

Hearing aids comprise the largest segment of the U.S. hearing device market, accounting for nearly 90% of the total market. Market growth relies largely on the aging population, technological innovation and government programs and regulations.

The relatively low penetration rate of bone-anchored hearing aids attributes to its ranking as the fastest growing segment of the hearing device market with an increase of almost 30% in 2012. “This segment is a relatively captive market as bone-anchored hearing aids are the only treatment option for a specific type of hearing loss,” explains Dr. Kamran Zamanian, CEO of iData Research, “As such, the low penetration allows for rapid growth which is expected to continue over the forecast period.” The cochlear implant market also shows strong growth. These implants are especially beneficial to infants and very young children with single-sided deafness. In 2012, units sold grew at a double-digit rate. Over the forecast period, the penetration rate is expected to increase to nearly 15%.

Leading competitors include The Sonova Group, GN Store Nord A/S, Phonak, Starkey, Oticon, GN ReSound, Siemens, Widex, Cochlear Ltd, Rayovac, Power One, MED-EL and more. Cochlear has the lions’ share of both the growing cochlear implant and bone-anchored hearing aids markets in the U.S. Its experience in producing and refining its products has resulted in technologically competitive products. Wireless access to Bluetooth®-enabled cell phones is among the accessories available for their devices.

iData’s comprehensive report series entitled: Markets for Hearing Aids and Audiology Devices includes the latest data, market analyses and competitor profiles for the U.S., China, India, Asia Pacific (Australia, Japan & South Korea), and 15 European countries. This series provides a comprehensive analysis of 35+ markets within the hearing device industry including: Standard Hearing Aids, Cochlear Implants, and Hearing Aid Batteries.

Get a full report synopsis or table of contents for this report here.

About iData Research

iData Research is an international market research and consulting group focused on providing market intelligence for medical device, dental and pharmaceuticapharmaceutical companies. iData covers research in: hearing devices, cardiovascular, orthopedics and more.

Read the full story at http://www.prweb.com/releases/2013/8/prweb11071314.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Broadwater Hearing Care, Inc., Top Provider of Hearing Aids in St. Petersburg FL, Now Offers a Two Week Hearing Aid Trial with Oticon Agil or Intiga Hearing Aids
2. The Prospero Foundation Helps Provide Safe Drinking Water in Bolivia
3. The Prospero Foundation Supports a Medical Clinic in Uganda
4. The Prospero Foundation Supports a Dentist in Azerbaijan
5. Dahryn Trivedi to Deliver Magnetic Insight on the "Benefits of Stress in a Human's Prosperity"
6. Dahryn Trivedi on How Stress Leads to Success and Prosperity
7. U.S. Obesity Rate Set to Soar, Costing Billions: CDC
8. Duplicate spending on veterans care costs billions
9. Record 4.02 billion prescriptions in United States in 2011
10. Chronic Pain May Cost U.S. $635 Billion a Year
11. Food-Assistance Program Sees $2 Billion Spent on Sweet Drinks: Study
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/22/2017)... ... June 22, 2017 , ... Plastic Surgery Associates is ... Top Doctor for 2017. Each year, research and information firm, Castle Connolly, releases their ... title in 2015, this marks the 3rd time that Dr. Canales has ...
(Date:6/22/2017)... ... June 22, 2017 , ... ... grant from the American Heart Association (AHA) to launch a Rheumatic Heart Disease ... the prevention and diagnosis of rheumatic heart disease (RHD) in high-risk, financially disadvantaged ...
(Date:6/22/2017)... ... June 22, 2017 , ... Vighter, a premier ... received certification for ANSI/ASIS PSC.1-2012. The company’s work in countries throughout Southwest Asia, ... of law has been degraded. The PSC.1 standard was created to protect fundamental ...
(Date:6/20/2017)... Tennessee (PRWEB) , ... June 20, 2017 , ... ... care services, announced today that Claritas Capital, a Nashville-based private equity firm, has ... accelerate our expansion plans for some time, and Claritas Capital offers the smart ...
(Date:6/20/2017)... ... 2017 , ... After months of negotiations, FaceCradle USA is proud to announce the debut of ... , “Introducing our product on QVC is something we all worked hard to achieve for ... more than 90 million homes in the United States,” said FaceCradle USA President Dylan Doherty. ...
Breaking Medicine News(10 mins):
(Date:5/29/2017)... 2017  Cellect Biotechnology Ltd. (NASDAQ: APOP ... the functional selection of stem cells, today provided a ... quarter ended March 31 st , 2017. ... the first quarter of 2017," said Dr. Shai Yarkoni, ... the treatment of the first blood cancer patient in ...
(Date:5/24/2017)... 24, 2017  ivWatch LLC today announced the ... Board to enable seamless integration of ivWatch,s groundbreaking ... infusion pumps and other devices. By integrating ivWatch ... to help health care customers deliver a higher ... to IV therapy. "The ivWatch OEM ...
(Date:5/22/2017)... , May 22, 2017  As the ... a whole continue to make the revolutionary shift ... increasingly important for ensuring positive patient outcomes and ... stakeholders are shifting focus away from clinical trials ... effects of long-term specialty drug therapy utilization in ...
Breaking Medicine Technology: