Audiology Devices Market Five Years Forecast Skeleton With Key Companies Widex A/S, Rayovac, Ambco, Benson Medical, Amplicomms, Tremetrix, Sonova Holdings

The audiology devices market holds a vast commercial base, as all the age groups varying from children to geriatric people can be affected by hearing problems. According to National Institute on Deafness and Other Communication Disorders (NIDCD), December 2016, around 2-3 in every 1,000 children in the U.S. suffered from an in-born detectable level of hearing loss in either one or both ears. Moreover, according to the reports of Hearing Loss Association of America (HLAA), 2017, around 20% of the population in the U.S., accounting for 48 million people are estimated to be suffering from some degree of hearing issues and hearing loss. As per statistical analysis conducted by World Health Organization (WHO), in 2016, hearing disorders affected around 360 million people around the globe, out of which, 32 million were children.

On the basis of device type, the global audiology devices market is segmented into:

Cochlear Implants
->Diagnostic Devices
->Tympanometers
->Octoscopes
->Audiometers

Technological Healing Aids
->Digital Hearing Aids
->Analog Hearing Aids

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North America is the leading geographical region in the global audiology devices market, owing to the presence of majority of key players as well as rampant development in audiology technology in the region. Asia Pacific is expected to witness maximum growth over the forecast period, owing to incorporation of various initiatives in the healthcare sector by regional government bodies and private organizations. For instance, World Wide Healing, a non-profit organization, provides hearing treatment to the poor in emerging economies of Asia. The organization provides new digital hearing aids shipped from manufacturers in North America and Europe. Furthermore, growing healthcare sector and growing awareness regarding hearing assistance among the populace is expected to favor growth of the audiology devices market in Asia Pacific.

Key players operating the global audiology devices market include Widex A/S, Rayovac, Ambco, Benson Medical, Amplicomms, Tremetrix, Sonova Holdings AG, Starkey Hearing Technologies, Sophono, MED-EL, Advanced Bionics, AllHear, Cochlear Ltd., and Microson Hearing Aids. Regional players are developing innovative products to establish a strong foothold in the global market. For instance, Rayovac, a Europe based company debuted its active core technology for the first time offering longest durable high-quality battery in the hearing devices.

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