Navigation Links
Sounds Good: Hearing Aid Clinics in the US Industry Market Research Report Now Available from IBISWorld
Date:6/17/2013

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: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

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 http://www.ibisworld.com or call 1-800-330-3772.

Read the full story at http://www.prweb.com/releases/2013/6/prweb10837589.htm.


'/>"/>
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:
*Name:
*Comment:
*Email:
(Date:6/25/2016)... ... ... temporary closing of Bruton Memorial Library on June 21 due to a possible lice infestation, ... aspect of head lice: the parasite’s ability to live away from a human host, and ... necessary one in the event that lice have simply gotten out of control. , As ...
(Date:6/25/2016)... ... June 25, 2016 , ... First Choice Emergency Room ... Dr. Sesan Ogunleye, as the Medical Director of its new Mesquite-Samuell Farm facility. ... of our new Mesquite location,” said Dr. James M. Muzzarelli, Executive Medical Director of ...
(Date:6/25/2016)... Oklahoma (PRWEB) , ... June 25, 2016 , ... ... both athletes and non-athletes recover from injury. Recently, he has implemented orthobiologic procedures ... Oklahoma City area —Johnson is one of the first doctors to perform the ...
(Date:6/25/2016)... ... ... Conventional wisdom preaches the benefits of moderation, whether it’s a matter of indulgence ... high can result in disappointment, perhaps even self-loathing. However, those who set the bar ... from PsychTests.com reveals that behind the tendency to set low expectations is ...
(Date:6/24/2016)... ... June 24, 2016 , ... Those who have experienced traumatic events may suffer ... unhealthy avenues, such as drug or alcohol abuse, as a coping mechanism. To avoid ... healthy coping following a traumatic event. , Trauma sufferers tend to feel a range ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... June 24, 2016 Research ... "Structural Electronics 2015-2025: Applications, Technologies, Forecasts" ... In-Mold Electronics, Smart Skin, Structural Health ... Structural electronics involves electronic and/or electrical ... structures, replacing dumb structures such as vehicle bodies ...
(Date:6/24/2016)... , June 24, 2016 ... Market by Type (Standard Pen Needles, Safety Pen Needles), ... (Insulin, GLP-1, Growth Hormone), Mode of Purchase (Retail, Non-Retail) ... MarketsandMarkets, This report studies the market for the forecast ... to reach USD 2.81 Billion by 2021 from USD ...
(Date:6/23/2016)... -- Research and Markets has announced the addition ... 2022" report to their offering. ... with kidney failure, it replaces the function of kidneys by ... and thus the treatment helps to keep the patient body,s ... Increasing number of ESRD patients & substantial healthcare ...
Breaking Medicine Technology: