Transparency Market Research
Audiological Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018
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Published Date: July 2013
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89 Pages Report
Corporate User License: US $ 10595 REPORT DESCRIPTION Audiological Devices Market is Expected to Reach USD 8.6 Billion Globally in 2018: Transparency Market Research Market Research Reports : According to a new market report published by Transparency Market Research "Audiological Devices - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018," the global audiological devices market was valued at USD 6.2 billion in 2011 and is expected to grow at a CAGR of 4.9% from 2012 to 2018, to reach an estimated value of USD 8.6 billion in 2018. The global audiological devices market is expected to have a steady growth of 4.9% from 2012 to 2018 owing to the aging population and related rise in prevalence of hearing loss, increasing technological advancements in digital hearing aids and newer forms of hearing devices. The rise in incidence of hearing impairment in both children and adults, and occupational, nerve and congenital deafness, generates a large patient pool to be dispensed with hearing aids. The rise in demand for hearing aids with an aesthetic appeal such as invisible-in-the-canal hearing aids, is also expected to fuel the growth of this market. The market for hearing aids accounted for the largest share of the total audiological devices market, whereas the cochlear implants market is expected to witness the highest growth
Browser Report : Audiological Devices Market during the period of forecast. Exhaustive product portfolios offered by manufacturers, favorable reimbursement policies and efficient sales and distribution networks laid by manufacturers drive the growth of the market for hearing aids. BTE and ITE are the most popular types of hearing aids due to their ease of use, efficiency in treating a wide extent of hearing loss, comfort level, connectivity and cosmetic preferences of consumers. Europe was the largest geographical market for audiological devices in 2011 because of the rise in the prevalence of deafness and increase in awareness about technological advances. Despite the financial upheaval going on in Western Europe, the European audiology devices market will continue to grow at a steady rate as several countries will continue to offer considerable level of reimbursement to patients. In terms of growth rate, the Asia-Pacific region will register the highest CAGR of about 7% during the forecast period. Promotion of the benefits associated with the use of hearing aids and intensive customer and consumer education conducted by major market players will also drive the increase in adoption of hearing aids in this region. The global market for audiological devices is consolidated in nature and has few key players that account for the highest market share. Players such as Sonova Holding AG, William Demant Holding A/S and GN ReSound Group together contribute to more than half of the total market revenue. The other prominent players in this market are Siemens Healthcare, Starkey Hearing Technologies and Widex A/S. The global audiological devices market is segmented as follows: Audiological Devices Market, by Products Hearing aids 
By type o o o o

Behind-the-Ear (BTE) aids Receiver-in-the-Ear (RITE) aids In-the-Ear (ITE) aids Canal hearing aids (In-the-Canal(ITC), Completely-in-Canal(CIC) and Invisible-in-Canal (IIC))
By technology o Analog hearing aids o Digital hearing aids
Cochlear implants Bone anchored hearing aids Diagnostic devices o o
Audiometers Tympanometers
o
Otoscopes
Audiological Devices Market, by Geography North America Europe Asia-Pacific Rest of the World (RoW)
TABLE OF CONTENTS Chapter 1 Introduction 1.1 Report description 1.2 Market segmentation 1.3 Research methodology 1.4 List of abbreviations
Chapter 2 Executive Summary Chapter 3 Market Overview 3.1 Market trends and future outlook 3.2 Drivers 3.2.1 Increase in prevalence of age-related hearing impairment 3.2.2 High prevalence of deafness 3.2.3 Cosmetic appeal of hearing aids 3.2.4 Impact analysis of drivers 3.3 Restraints 3.3.1 High cost of surgical solutions 3.3.2 Social stigma 3.3.3 Impact analysis of restraints 3.4 Opportunities
3.4.1 Increase in government initiatives to provide better healthcare services Browse the full report at http://www.transparencymarketresearch.com/audiological-devices-market.html
3.4.2 Advent of wireless and waterproof hearing aids 3.4.3 Impact analysis of opportunities 3.5 Porter’s five force analysis for the global audiological devices market 3.5.1 Bargaining power of suppliers 3.5.2 Bargaining power of buyers 3.5.3 Threat of new entrants 3.5.4 Threat of substitutes 3.5.5 Competitive rivalry 3.6 Market Attractiveness Analysis
Chapter 4 Global Audiological Devices Market, by Product Type 4.1 Overview – Current Market Scenario and Future Market Trends 4.2 Comparative Analysis: Global Audiological Devices Market, by Product Type, 2011 & 2018 (Value %) 4.3 Hearing Aids 4.3.1 Behind-the-Ear (BTE) Aids 4.3.2 Receiver-in-the-Ear Aids 4.3.3 In-the-Ear (ITE) Aids 4.3.4 Canal Hearing Aids (In-the-Canal(ITC), Completely-in-Canal(CIC) and Invisible-inCanal (IIC)) 4.4 Bone Anchored Hearing Aids (BAHA) 4.5 Cochlear Implants 4.6 Diagnostic devices 4.6.1 Audiometers
4.6.2 Tympanometers 4.6.3 Otoscopes
Chapter 5 Global Audiological Devices Market, By Geography 5.1 Overview 5.2 Comparative Analysis: Global Audiological Devices Market, By Geography, 2011 & 2018 (Value %) 5.3 North America 5.3.1 North America Audiological Devices Market, Size And Forecast, 2010 – 2018 (USD Million) 5.4 Europe 5.4.1 Europe audiological devices market, size and forecast, 2010 – 2018 (USD Million) 5.5 Asia-Pacific 5.5.1 Asia-Pacific Audiological Devices Market, Size And Forecast, 2010 – 2018 (USD Million) 5.6 Rest of the World 5.6.1 Rest of the World (RoW) Audiological Devices, Market Size And Forecast, 2010 – 2018 (USD Million)
Chapter 6 Competitive Landscape 6.1 Market share by key players, 2011
Chapter 7 Recommendations 7.1 Market strategy for success 7.1.1 Investing in emerging markets 7.1.2 Conduct price containment measures 7.1.3 Broadening of distribution network
Chapter 8 Company Profiles 8.1 Cochlear Limited Browse the full report at http://www.transparencymarketresearch.com/audiological-devices-market.html
8.1.1 Company overview 8.1.2 Financial overview 8.1.3 Product portfolio 8.1.4 Strategic overview 8.1.5 Recent developments 8.2 GN ReSound Group 8.2.1 Company overview 8.2.1.1 ReSound 8.2.1.2 Beltone 8.2.1.3 Interton 8.2.1.4 GN Otometrics A/S 8.2.2 Financial overview 8.2.3 Product portfolio 8.2.4 Strategic overview 8.2.5 Recent developments 8.3 Siemens Healthcare 8.3.1 Company overview 8.3.2 Financial Overview 8.3.3 Product portfolio 8.3.4 Strategic overview 8.3.5 Recent developments 8.4 Sonova Holding AG
8.4.1 Company overview 8.4.1.1 Unitron Hearing, Inc. 8.4.1.2 Phonak AG 8.4.1.3 Advanced Bionics, LLC 8.4.1.4 Connect Hearing Group 8.4.2 Financial overview 8.4.3 Product portfolio 8.4.4 Strategic overview 8.4.5 Recent developments 8.5 Starkey Hearing Technologies 8.5.1 Company overview 8.5.2 Financial overview 8.5.3 Product portfolio 8.5.4 Strategic overview 8.5.5 Recent developments 8.6 Widex A/S 8.6.1 Company overview 8.6.2 Financial overview 8.6.3 Product portfolio 8.6.4 Strategic overview 8.6.5 Recent developments 8.7 William Demant Holding A/S 8.7.1 Company overview 8.7.1.1 Audiology Division 8.7.1.1.1 Bernafon AG 8.7.1.1.2 Oticon 8.7.1.1.3 Oticon Medical
8.7.1.1.4 Sonic 8.7.1.2 Diagnostic Division Browse the full report at http://www.transparencymarketresearch.com/audiological-devices-market.html
8.7.1.2.1 Amplivox Ltd. 8.7.1.2.2 Grason- Stadler, Inc. 8.7.1.2.3 Interacoustics A/S 8.7.1.2.4 MAICO Diagnostics GmbH 8.7.1.2.5 MedRX, Inc. 8.7.1.3 Personal Communication 8.7.1.3.1 Phonic Ear A/S 8.7.1.3.2 Sennheiser Communications A/S 8.7.2 Financial overview 8.7.3 Product portfolio 8.7.3.1 Bernafon AG 8.7.3.2 Oticon A/S 8.7.3.3 Oticon Medical 8.7.3.4 Sonic 8.7.3.5 Amplivox Ltd. 8.7.3.6 Grason- Stadler, Inc. 8.7.3.7 Interacoustics A/S 8.7.3.8 MAICO Diagnostics GmbH 8.7.3.9 MedRX, Inc. 8.7.4 Strategic overview 8.7.5 Recent developments
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