Navigation Links
Sounds Good: Hearing Aid Clinics in the US Industry Market Research Report Now Available from IBISWorld

Los Angeles, CA (PRWEB) June 17, 2013

The Hearing Aid Clinics industry has contracted slightly during the past five years as declines in insurance coverage and consumer income combined with rising hearing aid prices. Following the financial crisis, a number of individuals were left “without private health insurance coverage as unemployment levels rose,” says IBISWorld analyst Austen Sherman. “In addition, disposable income fell, leaving hearing aids as a luxury for a large number of those in need.” As a result, industry revenue declined from 2009 through 2011.

More recently, the Hearing Aid Clinics industry has returned to growth, says Sherman. “Employment levels have improved slightly and federal funding for health insurance programs has expanded in anticipation of healthcare reform.” As a result, IBISWorld estimates industry revenue will rise 3.2% in 2013. Nevertheless, recent performance will be unable to overcome earlier losses, resulting in anticipated revenue decline of 0.2% per year on average to $2.0 billion in 2013.

The past five years have exacerbated a broader trend of consolidation within the industry. The Hearing Aid Clinics industry's largest operators have always looked to purchase small nonemployers to expand their number of storefronts and increase their consumer exposure. Declining revenue even forced some of the industry's largest operators to declare bankruptcy, making them prime targets for acquisitions. For example, a Siemens AG affiliate purchased HearUSA in 2011 after the latter filed bankruptcy. Fortunately for the remaining operators in the industry, the consolidation has helped push profit margins slightly higher during the past five years.

During the next five years, the industry is expected to benefit largely from the implementation of the Patient Protection and Affordable Care Act; 32 million uninsured Americans are expected to gain coverage through 2019, according to the Congressional Budget Office. In addition, the number of individuals suffering from hearing deficiencies is expected to remain high due to the expanding diabetes epidemic, the rising use of mobile music devices and headphones and the aging US population. For more information, visit IBISWorld’s Hearing Aid Clinics in the US industry report page.

Follow IBISWorld on Twitter:!/IBISWorld
Friend IBISWorld on Facebook:

IBISWorld industry Report Key Topics

This industry retails hearing aids for consumers of all demographics and ages. Industry operators often provide hearing tests and consultation services within the store as well.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit or call 1-800-330-3772.

Read the full story at

Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Soothing sounds during cataract surgery reduces patient anxiety
2. Stressed-Out Women May Be More Sensitive to Sounds
3. Grant awarded to help improve problem-solving skills for deaf and hard-of-hearing students
4. Cone beam CT proves better for visualizing some causes of hearing loss at half the radiation dose
5. ASTRO chairman to testify at CARE Act hearing
6. C-Section Babies May Be More Likely to Fail First Hearing Test
7. Children exposed to HIV in the womb at increased risk for hearing loss
8. HIV Exposure Before Birth May Raise Kids Risk of Hearing Loss
9. New screening test to help people with hearing loss in China
10. Suffering of Thousands Prompts FDA Hearing about Hip Implants
11. Not Enough Data to Advise Routine Hearing Screens for Older People: Experts
Post Your Comments:
(Date:12/1/2015)... ... December 01, 2015 , ... On Tuesday 27 Oct 2015, ... educate the personnel on spinal decompression therapy and offer his professional help. , ... The benefits come from creating negative intradiscal pressure which is conducive to retraction ...
(Date:12/1/2015)... ... 01, 2015 , ... World Patent Marketing , a vertically integrated ... allows for easier packing and organizing of items into one big, portable jar. , ... Cooper, CEO and Creative Director of World Patent Marketing and Desa Industries Inc ...
(Date:12/1/2015)... ME (PRWEB) , ... December 01, 2015 , ... Royal ... reports a new study that found post-menopausal women who took the nutritional supplement creatine, ... than women who trained but did not take creatine. , The report is part ...
(Date:12/1/2015)... ... December 01, 2015 , ... According to an article ... a discrimination claim against the U.S. Department of Health and Human Services, claiming that ... (ACA) plans are breaking the clause in the law prohibiting the denial of coverage ...
(Date:12/1/2015)... Los Angeles, CA (PRWEB) , ... December 01, 2015 , ... ... the United States, today announced that its iconic bottle has won top honors in ... drinks category. The Company also announced that it has been selected as a ...
Breaking Medicine News(10 mins):
(Date:12/1/2015)... and PITTSBURGH , Dec. ... announced that it expects to be the first to ... funded by international donors, TLE400 (Tenofovir Disoproxyl Fumarate 300 ... for $99 per patient, per year. Mylan partnered with ... The significantly reduced price could generate savings of tens ...
(Date:12/1/2015)...  Six months of adjunctive metformin therapy does not improve ... to new research from T1D Exchange and funded ... beneficial effect on measures of obesity, including weight and BMI. ... Journal of the American Medical Association , are from the ... on overweight and obese adolescents with type 1 diabetes. ...
(Date:12/1/2015)... 01, 2015 ... addition of the "2016 Europe ... E. Coli, Enterovirus, Rhinovirus, Rotavirus, Salmonella, ... their offering. --> ... the "2016 Europe Enteric Disease ...
Breaking Medicine Technology: