openPR Logo
Press release

Audiological Devices Market Trends and Opportunities 2017-2025 : GN ReSound Group, Siemens Healthcare, Cochlear Limited, William Demant Holding A/S, Starkey Hearing Technologies, and Sonova Holding AG.

04-24-2019 09:03 AM CET | Health & Medicine

Press release from: TMR Research

Audiological Devices Market Trends and Opportunities

Global Audiological Devices Market: Overview

Over the past few years, the market for audiological devices, the variety of advanced technological devices used to study audiology and cure hearing-related conditions, has witnessed a sharp rise in the adoption of digital technology across key aspects of product design and development. The result has been the development of devices with vast improvement in sound quality and reduction in product sizes.

The market now features a vast variety of compact and even some virtually invisible hearing aid systems, increasing the likelihood of people purchasing them to treat their hearing loss; a significant portion of the total number of people with hearing loss across the globe do not have hearing aids because of the stigma associated with them. With invisible or highly compact hearing aids, the devices are less visible, thus mitigating this stigma.

Request Sample Copy of the Report @
https://www.tmrresearch.com/sample/sample?flag=B&rep_id=1802

Global Audiological Devices Market: Trends and Opportunities

Of the key factors supporting the overall growth of the global audiological devices market, the report cites the rising incidence rate of diagnosed hearing loss cases, technological advancements enabling high sound quality, and the vast rise in world’s geriatric population - a demographic highly vulnerable to age-related hearing loss. Rising support from government and international bodies for the increased usage of hearing assistance devices is also boosting the uptake of audiological devices across the globe. Improvements in design and innovations, bringing compact and less visible devices packed with several new features to the market, are also driving the increased adoption of audiological devices across the globe.

Global Audiological Devices Market: Market Potential

The high costs of technologically advanced audiological devices and their exclusion from medical reimbursement plans across most key markets have limited their uptake to a huge extent. The Hearing Loss Association of America states that over 48 mn people in the U.S. suffer from hearing loss and only about 20% of the people who can benefit from hearing aids wear them. With low cost products, the remaining 80% population can be turned into potential consumer base. This is an excellent incremental opportunity as the world’s population is ageing at a rapid pace. A report by United Nations states that over the period between 2015 and 2030, the number of people aged 60 years or more across the globe will rise from nearly 901 mn to 1.4 bn, denoting a 56% rise.

Global Audiological Devices Market: Regional Overview

From a geographical standpoint, the market for audiological devices in Europe contributes to the leading share of revenue to the global market. As a large number of key players in the audiological devices market are based in Western Europe, the region is often the first choice for new product launches. The Europe market also benefits owing to the rapid pace of technological advances, the increasing consumer demand for less visible audiological devices, and the rising prevalence of hearing impairment conditions.

Request TOC of the Report @
https://www.tmrresearch.com/sample/sample?flag=T&rep_id=1802

The report identifies excellent future growth opportunities in the Asia Pacific market. Factors backing this assumption include the rising population of geriatrics and the subsequent rise in hearing disabilities, positive developments across the healthcare infrastructures of developing countries, rising disposable incomes, and easy availability of technologically advanced products. The Asia-Pacific market for audiological devices is expected to exhibit growth at a promising pace over the report’s forecast period.

Global Audiological Devices Market: Competitive Dynamics

The global market for audiological devices features a largely concentrated vendor landscape, with a small number of companies accounting for a significant share in the overall market. The need for continuous research and technological advancements in products have developed high entry barriers for new entrants in the global audiological devices market. Nonetheless, the market features intense competition, with leading companies constantly striving to maintain their stronghold. Some of the leading companies operating in the market are Widex A/S, GN ReSound Group, Siemens Healthcare, Cochlear Limited, William Demant Holding A/S, Starkey Hearing Technologies, and Sonova Holding AG.

About TMR Research
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Contact:
TMR Research,
3739 Balboa St # 1097,
San Francisco, CA 94121
United States
Tel: +1-415-520-1050

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Audiological Devices Market Trends and Opportunities 2017-2025 : GN ReSound Group, Siemens Healthcare, Cochlear Limited, William Demant Holding A/S, Starkey Hearing Technologies, and Sonova Holding AG. here

News-ID: 1715241 • Views: 826

More Releases from TMR Research

Artificial Intelligence in Education Market | ALEKS, Knewton, Metacog, Google, A …
Global Artificial Intelligence in Education Market: Snapshot The global artificial intelligence and education Market is significantly driven by the integration of intelligent algorithms as well as Advanced Technologies in to e-learning platforms. Education software, machine learning, and artificial intelligence are some of the Innovative learning models and Technologies change the rules and creating tremendous shift from the teaching methods. These technologies have completely transformed with a classroom. The sophistication level has
Botnet Detection Market Overview, Global Analysis Market Size, Share, Top Trends …
Global Botnet Detection Market: Overview Over the past decade, botnet detection has garnered widespread attention among cybersecurity professionals and Technology Company's world over. Botnet is an array of connected devices over the public internet, essentially consisting of compromised workstations and servers, infected by a set of malicious software or malware. Botnets are controlled by single attacker or a group, who use them essentially for criminal or malicious intent. Using the seemingly
Corporate Learning Management System Market Analysis Key Trends and Size (Value …
Global Corporate Learning Management System Market: Snapshot The offerings of the global market for corporate learning management have grabbed the attention of several businesses, stakeholders, and companies. Corporate learning management is a system wherein businesses acquire key knowledge that can help in streamlining the processes within their corporate framework. The domain of corporate learning encompasses several elements concerned with the profitability, efficiency, and effectiveness of a business enterprise. In this fast-pace
Insurance Analytics Market Competitive Landscape and Predicted to Accelerate the …
Global Insurance Analytics Market: Snapshot The global market for insurance analytics has gained momentum on account of the ease of administration and planning offered by structured and unstructured data within insurance. Insurance analytics has the capacity to bring a level of sophistication, lucrativeness, and order to the insurance companies. With constant changes in financial policies and regulations across regions, the insurance companies are compelled to use analytics to stay in control

All 5 Releases


More Releases for Audiological

Audiological Equipment Market Size, Share, Development by 2024
Market Research Report Store offers a latest published report on Audiological Equipment Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 102 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Click to view the full report TOC, figure and tables: https://www.globalinforesearch.com/global-audiological-equipment-market_p104845.html Audiological Equipment is a device used to
Audiological Devices Market by Types, Applications Status and Development Trends
The global audiological devices market is growing significantly due tointroduction of waterproof and wireless hearing aids, increasing need for aesthetically fabricated hearing aids, and increasing government initiatives to provide better healthcare services in the industry. Massive unexplored market in audiological devicesindustry of developing economies are creating ample opportunities for the audiological devices market to grow at a considerable rate during the forecasted years. In addition, increasing adoption of digital technology
Audiological Devices Market - Constantly striving to maintain their stronghold 2 …
Global Audiological Devices Market: Snapshot Audiological devices are amplifiers that are utilized as a part of the conclusion and treatment of hearing misfortune and adjust issue. A listening device chips away at change of sound waves to electrical signs. A sound wave is send crosswise over through a receiver, which at that point believers to electrical flags and conveys to an enhancer. The signs are then recovered by the intensifier and
Audiological Devices Market Insight Outlook by 2025
Global Audiological Devices Market: Snapshot Audiological devices are amplifiers that are utilized as a part of the conclusion and treatment of hearing misfortune and adjust issue. A listening device chips away at change of sound waves to electrical signs. A sound wave is send crosswise over through a receiver, which at that point believers to electrical flags and conveys to an enhancer. The signs are then recovered by the intensifier and
Audiological Devices Market : Ongoing Outlook 2025
Global Audiological Devices Market: Snapshot Audiological devices are amplifiers that are utilized as a part of the conclusion and treatment of hearing misfortune and adjust issue. A listening device chips away at change of sound waves to electrical signs. A sound wave is send crosswise over through a receiver, which at that point believers to electrical flags and conveys to an enhancer. The signs are then recovered by the intensifier and
Audiological Devices Market Analysis Survey Research 2025
Global Audiological Devices Market: Overview Over the past few years, the market for audiological devices, the variety of advanced technological devices used to study audiology and cure hearing-related conditions, has witnessed a sharp rise in the adoption of digital technology across key aspects of product design and development. The result has been the development of devices with vast improvement in sound quality and reduction in product sizes. The market now features