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Audiology Devices Market Insights with Key Company Profiles - Forecast to 2025

10-18-2017 01:25 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Crystal Market Research

Audiology Devices Market Insights with Key Company Profiles -

Hearing is the ability to perceive sound. A person affected by hearing impairment has difficulty in identifying or perceiving sound clearly due to auditory problems. Such impairment may be unilateral or bilateral. The intensity of hearing loss can be segmented as mild, moderate, moderately severe, severe, and profound. Mild level of hearing impairment refers to difficulty in perceiving soft sounds such as whispers. The moderate level refers to the incapability to clearly hear sound in normal conversations. Profound deafness is a condition where the patient is unable to perceive any sound irrespective of its intensity. The causes for hearing impairment can be broadly classified into two categories viz. congenital factors and acquired factors. Some of the congenital factors are heredity, congenital defects such as anomalies of ear, nose or throat, viral infections during pregnancy such as rubella infection and premature birth. Acquired factors leading to hearing impairment can be eardrum perforation, excessive earwax, otosclerosis or ear ossicle dislocation, prolonged exposure to loud noise and certain medications that may result in ear damage as an associated side-effect.

Hearing impairment can severely affect the development of children at different stages. This can lead to insufficient language development with incorrect pronunciation and unclear speech. Such children may have behavioral and emotional problems as a result of difficulty in verbally expressing themselves. This can lead to poor self-image and lack of self-confidence at an early age. The academic performance also deteriorates significantly due to the inability to receive and perceive messages correctly. As per the data revealed by the National Institute for Deafness and Other communication Disorders (NIDCD) in December 2016, around 2 to 3 in every 1000 children in the U.S., are born with a recognizable degree of hearing loss in one or sometimes in both ears.

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Elder people over 60 years of age are highly susceptible to hearing impairment. Presbycusis is the most common form of sensorineural hearing loss in the elderly people. It affects the ability to hear higher frequency sounds. Thus, an elderly person who is suffering from hearing loss may develop depression due to the social isolation.

Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

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About Crystal Market Research

Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.

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