London, 26 November 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Audiological Devices Market 2015-2019, which is expected to post a CAGR of 6.01 percent during the period 2014-2019.
“Diagnostic devices, such as otoscopes, audiometers, and tympanometers, and hearing devices, such as invisible and CIC hearing aids, are popularly used in developed countries for hearing impairment,” says Faisal Ghaus, Vice President of TechNavio.
“Increase in the aging population, high prevalence of deafness, and developing medical healthcare infrastructure are the major factors that are expected to propel the markets in emerging countries such as China, India, and other countries of the APAC region during the forecast period.”
Key Market Drivers
- Increase in Prevalence of Disabling Hearing Loss in Aging Population
- Increase in Demand for Esthetic Hearing Aids
- High Prevalence of Deafness in All Ages
- Advances in Technology
Key Market Trends
- Untapped Growth Opportunities in Emerging Countries
- Introduction of Wireless and Waterproof Hearing Devices
Key Market Vendors
- Cochlear Ltd.
- Siemens Healthcare
- Sonova Holdings AG
- Starkey Hearing Technologies
- Widex A/S
- William Demant Holdings A/S
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
