Global Audiology Devices Market Brief Analysis by Top Key Players - Benson Medical, Medtronic, MicroTech, Sivantos, WIDEX, William Demant Holdin, Sonova Holdings, Starkey Hearing Technologies, Advanced Bionics, GN Group

Market Study Report adds Global Audiology Devices market report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, companies active in the industry and forecasts for the coming years.

Increasing geriatric population vulnerable to hearing loss and different hearing disorders will augment the global audiology devices market growth over the forecast timeframe. Risk of developing hearing loss sharply increasing with increasing age. As per recent United Nations report number of people aged 65 years and over is expected to increase from 962 million in 2017 to around 2.1 billion by 2050. Such stupendous increase in the global geriatric population will boost the demand better audiology devices. Audiology Devices Market is set to exceed USD 10 billion by 2024; according to a new research report.

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Ongoing technological advancements and product innovation will serve as a high impact rendering factor for industry growth. Audiology devices are becoming increasingly smaller in and more efficient. Advent of such products in the industry will boost the adoption rates augmenting its demand.

Hearing aids dominated the audiology market in 2016 followed by cochlear implants. Bone anchored hearing aids is forecast to witness highest CAGR due to long term benefits of the devices. Technological advances in bone anchored hearing aids coupled with advent of superior sound processors will drive the segment growth over the forecast timeframe.

Hearing aids accounted for largest market share in 2016 and will continue to dominate audiology devices industry forecast period. Amongst the different types of hearing aids, receiver in the ear hearing aid segment is poised to grow at a robust CAGR. The rapid growth can be attributed wide range of benefits such as comfort and reduced of the device. However, disadvantages such as high cost of the device compared with the other types of hearing aids and frequent maintenance required is predicted to impede adoption rates to some extent.

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Germany market should witness robust growth over the foreseeable future. High prevalence of people with hearing disabilities will stimulated the demand for audiology devices. With only 20 percent of German population with hearing loss use hearing aids, it remains the lucrative market for business growth. Increasing efforts to raise awareness in potential hearing aid users, highly developed infrastructure and availability of skilled personnel will fuel industry growth.

Some of the key industry players operating in global audiology devices market are Sivantos, WIDEX, William Demant Holdin, Sonova Holdings, Benson Medical, Medtronic, Starkey Hearing Technologies, Advanced Bionics, MicroTech, GN Group, MED-EL, MedRx, Nurotron Biotechnology, and AMBCO.

The industry players are focusing on development of innovative, technologically advanced and cost-effective solutions to address increasing demand for audiology devices. For instance, in August 2017, GN Hearing launched hearing aids, ReSound ENZO 3D and Beltone Boost Max. The product launch strategy extended the existing product portfolio of GN Hearing.

Table of Content:

Chapter 1. Methodology

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Market definition and forecast parameters

1.2. Data sources

1.2.1. Secondary

1.2.2. Primary

Chapter 2. Executive Summary

2.1. Audiology devices industry 360 degree synopsis, 2013 - 2024

2.1.1. Business trends

2.1.2. Product trends

2.1.3. Regional trends

Chapter 3. Audiology Devices Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2024

3.3. Industry impact forces

3.3.1. Growth drivers

3.3.1.1. Increasing geriatric population globally

3.3.1.2. Hearing loss disorders growth

3.3.1.3. Technological and product innovation

3.3.1.4. Favorable regulatory scenario

3.3.2. Industry pitfalls & challenges

3.3.2.1. Implant surgeries and high cost

3.3.2.2. Concerns regarding aesthetic appeal

3.4. Growth potential analysis

3.4.1. By product

3.5. Regulatory landscape

3.5.1. U.S

3.5.2. Europe

3.5.3. China

3.6. Pricing analysis

3.7. Porter's analysis

3.8. Reimbursement scenario

3.9. Company market share analysis, 2016

3.9.1. Audiology devices market

3.9.2. Behind the ear cochlear implants market

3.9.3. Off the ear cochlear implants market

3.10. Competitive landscape, 2016

3.10.1. Business overview

3.10.2. Revenue analysis

3.10.3. Product landscape

3.10.4. Strategy dashboard

3.11. PESTEL analysis

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Related Report:

United States Audiology Devices Market Report 2018

In this report, the United States Audiology Devices market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.

https://www.marketstudyreport.com/reports/united-states-audiology-devices-market-report-2018?utm_source=RR-SP

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