Hearing Loss Technology Market – Growth Opportunities & Technology Developments by 2025

"Hearing Loss Technology Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025 " is the latest addition to MarketResearchReports.Biz industry research reports collection.

The objectives of this study are as follows:

To define, describe, and forecast the "Hearing Loss Technology" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies

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Hearing loss devices are hearing aid or an implant designed to help people with hearing loss. Hearing loss devices are designed to enhance communication through listening. Hearing loss technology devices such as audio loops, FM systems, and infrared systems act as hearing assistive technology which work with or without hearing aids and help the patients to overcome the obstacle of hearing. However, new developments in medical devices and other digital healthcare services is likely to to expand the growth of hearing loss technology devices.

High prevalence of significant hearing loss among the population, growing research and development initiatives, growing demand for hearing loss technology devices such as Bluetooth-compatible devices are important driving factors for the hearing loss technology market. According to reports published by the National Institute on Deafness and Other Communication Disorders, 15% (26 million) Americans between the ages of 20 and 69 have a reduced capacity to hear high frequency sounds because of exposure to loud sounds. A study published in the Journal of American Medicine in 2010, reported 19.5% of American adolescents aged 12 to 19 suffered from hearing loss due to increase in number of cases attributed to ear bud use. Growth in sound pollution levels, and rise in blast induced injuries due to war and violations will fuel the overall hearing loss technology market. The cost of hearing loss technology devices is expected to hamper the growth of this market.

The hearing loss technology market has been segmented by reagent type, technology type, application type, end-users, and geography. In terms of technology type, the market is classified into digital programmable hearing aid, conventional analog hearing aid, analog programmable hearing aid, and others. In terms of application, the market is classified into auditory processing disorders, conductive hearing loss, sensorineural hearing loss, and mixed hearing loss. Hearing loss disability is a fast growing application segment among the other types of diseases such as stroke, cancer, etc. because of increasing options for treatment and rehabilitation globally. According to the World Health Organization fact sheet updated in February 2017, 360 million people worldwide are disabled with hearing loss out of which 32 million are children. Hearing loss may result from genetic causes, complications at birth, certain infectious diseases, chronic ear infections, exposure to excessive noise, and aging. About 60% of childhood hearing loss is due to preventable causes. In terms of end users, the hearing loss technology market is classified into hospitals, ENT centers, ambulatory surgical centers, and others.

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Geographically, the hearing loss technology market is classified into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America dominates the global hearing loss technology market due to sophisticated infrastructure and number of incidences of hearing loss disorders among the population. Early-phase diagnosis and treatment of disease is driving the medical biotechnology market which in turn is expected to drive the hearing loss technology market in North America. Europe is the second largest market for hearing loss technology as there are favorable government policies regarding healthcare infrastructure, and increase in funding for audiology services. The market in Asia Pacific is expected to grow at a higher rate due to rising geriatric population, changing lifestyles, rising awareness among patients, and increasing per capita expenditure. In addition, economic growth is supporting healthcare infrastructure improvement in developing countries such as India and China. Thus, all the above mentioned factors collectively support the growth of the hearing loss technology market which is expected to propel the market share in the Asia Pacific region from 2017 to 2025.

The major players operating in the global hearing loss technology market include MED-EL, Starkey, Oticon, Sonova Holding AG, Widex, GN Hearing (ReSound), Sivantos Group (Siemens), Beltone, Sonic Innovations, and Unitron, among other significant players worldwide.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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