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(Wireless-NewsWire.Com, February 24, 2018 ) Audiology devices are used by people with hearing difficulties. These devices have improved over the time to provide a better experience to the users. With the advances in technology, the devices have become smarter, smaller, and easier to use, providing better communication to the users. Nowadays, the digital hearing devices are equipped with feedback reduction, speech enhancement, directional microphones, and wireless technology. The market growth for these devices will continue due to the increasing prevalence of hearing disorders.
Publisher's analysts forecast the global audiology devices market to grow at a CAGR of 6.50% during the period 2017-2021.
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This market study identifies the increasing prevalence of hearing disorders to be one of the primary growth factors for the audiology devices market. Owing to various factors such as genetic causes, congenital disability, infectious disease, chronic ear infection, usage of drugs, and exposure to excessive noise, there is an exponential increase in the prevalence of hearing losses. Early identification of the need of hearing aids benefits people with hearing disorders as they start using hearing aids, cochlear implants, and other assistive devices.
Key vendors
-Medtronic
-Sonova
-Starkey Hearing Technologies
-William Demant
Other prominent vendors
-Audina Hearing Instruments
-Benson Medical Instruments
-Cochlear
-ExSilent
-Frye Electronics
-GN Hearing
-Interacoustics
-Microson
-MED-EL
-Nurotron Biotechnology
-Otometrics (acquired by Natus Medical)
-Sivantos
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Market driver
-Increasing prevalence of hearing disorders
Market challenge
-Inadequate reimbursement and insurance policies
Market trend
-Increasing focus on digital hearing aids
Fundamentals of Table of Content:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Global construction market
PART 06: Market drivers
PART 07: Market trends
PART 08: Global AEC market
PART 09: Market segmentation by product
PART 10: Geographical segmentation
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Five forces model
PART 14: Key vendor analysis
PART 15: Key vendor profiles
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Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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