Audiology Devices Market to surpass $13bn by 2023: Global Market Insights Inc. According to medical research report “Audiology Devices Market Size By Product [Hearing Aids Market By Product [In-The-Ear, Receiver-in-the-Ear (RITE), Behind-the-Ear (BTE), Canal], By Technology (Analog, Digital)], Cochlear Implants, BAHA/BAHS, Diagnostic Devices (Tympanometers, Otoscopes, Audiometers), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Brazil, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2016 - 2023�, by Global Market Insights, Inc. audiology devices market size was over USD 8.5 billion in 2015 with 5.8% CAGR estimation from 2016 to 2023. The report provides in-depth industry analysis and 7 years growth projections, with special focus on the factors affecting industries such as drivers, impediments, opportunities and challenges. The report contents comprise of market size and characteristics, key market participants, current trends, competitive scenario, growth estimates for the predicted time frame as well as key success and risk factors.
Industry Outlook: Audiology includes diagnosis, prevention and treatment of hearing disorders, including nerve deafness and congenital hearing. Rising occurrence of deafness, especially among the global geriatric population is a key driving factor. Patients can regain their communicating ability and through the audiology devices. Technology advancement and aesthetically appealing devices are likely to boost the demand growth. Factors like narrow profit margins, strict regulations about fair trade and product shelf life and need to develop efficient and long-lasting products may hinder the market growth. The advent of technology like the introduction of DSP (Digital signal processing) may open new market avenues. Adoption of this technology has proved to be a boon for the hearing impaired population by expanding applications. High R&D and innovation investments in digital wireless technology are likely to create prospects for industry players. Hearing aids is the largest industry segment. The majority of manufacturers is striving to launch visibly hidden aids and miniature sized behind-the-ear products. Rising population of senior citizens is likely to prove crucial in demand growth. Developing innovations that incorporate superior functionality by means of wireless technology are likely to further demand. Cochlear implants market size is anticipated to grow over USD 3.5 billion in revenue during the forecast time frame. 1|Page
Europe audiology devices market dominates the regional industry and is likely to surpass USD 5 billion by 2023, owing to fast implementation of technologically advanced hearing aids and favorable regulatory scenario. Asia-Pacific is anticipated to register growth of over 8% revenue by 2023. LATAM market size is expected to witness growth at over 7% CAGR by 2023. Report covers profiles of key participants in the global audiology devices market. William Demant, Sonova, Siemens and GN Resound, Starkey Hearing Technologies, Widex A/S are some of the key players in the market.
UK Hearing Aids Market Size, By Product, 2012-2023 (USD Million)
Browse key industry insights spread across 112 pages with 62 market data tables & 6 figures & charts from the report Audiology Devices Market in detail along with the table of contents: https://www.gminsights.com/industry-analysis/audiology-devices-market-report
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Segmentation of Audiology Devices Market: Audiology devices market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2012 to 2023, for the following segments: Audiology Devices Market by Product
Hearing Aids Cochlear Implants BAHA Diagnostic Devices
Audiology Devices Market by Technology
Analog Digital
Diagnostic Devices Market by Product
Tympanometers Otoscopes Audiometers
The above information is provided on a regional and country basis for the following:
North America o U.S. o Canada Europe o Germany o UK o France o Spain o Italy Asia Pacific o Japan o China o India Latin America (LATAM) o Brazil Middle East and Africa o South Africa
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