Published by Coherent Market Insights
Posted on September 20, 2021
Deafness is a result of an impairment in the ear or damage to the nerves associated with hearing. The causes for these defect include congenital defects, injuries, diseases, side effects of medications, age-related factors, and exposure to loud noise. Audiology devices are assistive tools that help enhance hearing ability of patients. These devices vary on the basis of size, shape, features, and hearing conditions. These devices are aimed towards diagnostic purposes as well as for the treatment of impairments associated with hearing. Advancements in technology related to these devices such as PC-based audiometers and hybrid audiometers can easily be integrated with standard computers and operating systems, resulting in improved diagnostic performance and treatment decisions. This in turn, is expected to boost growth of the global audiology devices market in the near future.
>>> Get | Request Sample Report @
https://www.coherentmarketinsights.com/insight/request-sample/1008
To Learn More:
What are Audiology Devices?
Audiology devices are electronic devices used by audiologists for the treatment and diagnosis of hearing impairment or hearing loss. These devices are also used for studying and monitoring the hearing capabilities of individuals. Audiology devices have helped make tremendous leaps forward since the inception of the field of audiology itself. Audiology applications have enabled and improved the lives of those that have suffered hearing loss and other associated disorders for years. Audiology devices have been advanced enough to be useful in rehabilitation.
Rising incidence of hearing loss disorders is expected to drive growth of the global audiology devices market during the forecast period. According to the World Health Organization (WHO), in March 2020, around 466 million people worldwide were having disabling hearing loss. According to the same source, by 2050, over 900 million people are expected to have disabling hearing loss. Such a large incidence of hearing loss disorders has increased the demand for audiology devices. These devices have proven to be crucial in the diagnosis and treatment of hearing loss. Hence, these factors are expected to drive growth of the global audiology devices market during the forecast period. Furthermore, increasing geriatric population is expected to boost the global audiology devices market growth over the forecast period. According to the WHO, by 2050, the global population of people aged 60 years and above is expected to be 2 billion, increasing from 900 million in 2015.
However, concerns regarding aesthetic appeal coupled with high of solutions used in surgeries are expected to restrain growth of the global audiology devices market during the forecast period. Rising health awareness in emerging economies such as Brazil, China, and India can provide lucrative growth opportunities to key market players in the near future. Among regions, North America is expected to witness significant growth in the global audiology devices market during the forecast period. This is owing to increasing number of audiologists and technological advancements in the audiology systems. Furthermore, Asia Pacific is expected to register a robust growth rate over the forecast period, owing to rising age-associated hearing problems in the region.
Major competitors involved in the global audiology devices market are William Demant Holdings A/S, NHC/Amplifon, GN ReSound Group, MedRx, Audioscan, Starkey Hearing Technologies, Widex A/S, Phonak, and Sonova Holdings AG.
For instance, in January 2020, Phonak, a Swiss hearing care solutions company, introduced Virto Black, a fully-connected hearing aid with universal Bluetooth Connectivity.
Detailed Segmentation
On the basis of device type, the global audiology devices market is segmented into:
Among devices, the cochlear implants segment is expected to witness maximum traction over the forecast period, as these implants serve to be an ideal substitute for hearing. Cochlear implant provides around 80% better understanding of a sentence, as compared conventional hearing aids that provide an average of 10% understanding. These implants use a technology that bypasses the impaired sensory hair cells, further presenting a virtual sense of sound. However, high costs associated with audiology devices, especially hearing implants are hampering growth of the audiology devices market. This creates greater opportunity for market players to develop cost-effective devices at affordable prices with longer shelf life.
On the basis of disease type, the global audiology devices market is segmented into:
On the basis of end user, the global audiology devices market is segmented into:
Audiology Devices Market by Geography Analysis::
North America (The US, Canada, and Mexico)
Europe (the UK, Germany, France, and Rest of Europe)
Asia Pacific (China, India, and Rest of Asia Pacific)
Latin America (Brazil and Rest of Latin America)
Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)
Key Players In Audiology Devices Market
The “Global Audiology Devices Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Widex A/S, Rayovac, Ambco, Benson Medical, Amplicomms, Tremetrix, Sonova Holdings AG, Starkey Hearing Technologies, Sophono, MED-EL, Advanced Bionics, AllHear, Cochlear Ltd., and Microson Hearing Aids. Regional players are developing innovative products to establish a strong foothold in the global market.
Reasons to Purchase this Report
Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
6-month post sales analyst support
Buy This Complete A Business Report With Flat US $2000 Off @
https://www.coherentmarketinsights.com/promo/buynow/1008
What is Audiology Devices Market?
What are the key driving factors for the growth of Audiology Devices Market?
What are the top players operative in Audiology Devices Market?
What segments are covered in Audiology Devices report?
How can I get sample report/company profiles of Audiology Devices Market?
In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Actual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report.
Contact:
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837
The post Audiology Devices Market to Witness Maximum Traction and Development of Innovate Models appeared first on Gatorledger.
Deafness is a result of an impairment in the ear or damage to the nerves associated with hearing. The causes for these defect include congenital defects, injuries, diseases, side effects of medications, age-related factors, and exposure to loud noise. Audiology devices are assistive tools that help enhance hearing ability of patients. These devices vary on the basis of size, shape, features, and hearing conditions. These devices are aimed towards diagnostic purposes as well as for the treatment of impairments associated with hearing. Advancements in technology related to these devices such as PC-based audiometers and hybrid audiometers can easily be integrated with standard computers and operating systems, resulting in improved diagnostic performance and treatment decisions. This in turn, is expected to boost growth of the global audiology devices market in the near future.
>>> Get | Request Sample Report @
https://www.coherentmarketinsights.com/insight/request-sample/1008
To Learn More:
What are Audiology Devices?
Audiology devices are electronic devices used by audiologists for the treatment and diagnosis of hearing impairment or hearing loss. These devices are also used for studying and monitoring the hearing capabilities of individuals. Audiology devices have helped make tremendous leaps forward since the inception of the field of audiology itself. Audiology applications have enabled and improved the lives of those that have suffered hearing loss and other associated disorders for years. Audiology devices have been advanced enough to be useful in rehabilitation.
Rising incidence of hearing loss disorders is expected to drive growth of the global audiology devices market during the forecast period. According to the World Health Organization (WHO), in March 2020, around 466 million people worldwide were having disabling hearing loss. According to the same source, by 2050, over 900 million people are expected to have disabling hearing loss. Such a large incidence of hearing loss disorders has increased the demand for audiology devices. These devices have proven to be crucial in the diagnosis and treatment of hearing loss. Hence, these factors are expected to drive growth of the global audiology devices market during the forecast period. Furthermore, increasing geriatric population is expected to boost the global audiology devices market growth over the forecast period. According to the WHO, by 2050, the global population of people aged 60 years and above is expected to be 2 billion, increasing from 900 million in 2015.
However, concerns regarding aesthetic appeal coupled with high of solutions used in surgeries are expected to restrain growth of the global audiology devices market during the forecast period. Rising health awareness in emerging economies such as Brazil, China, and India can provide lucrative growth opportunities to key market players in the near future. Among regions, North America is expected to witness significant growth in the global audiology devices market during the forecast period. This is owing to increasing number of audiologists and technological advancements in the audiology systems. Furthermore, Asia Pacific is expected to register a robust growth rate over the forecast period, owing to rising age-associated hearing problems in the region.
Major competitors involved in the global audiology devices market are William Demant Holdings A/S, NHC/Amplifon, GN ReSound Group, MedRx, Audioscan, Starkey Hearing Technologies, Widex A/S, Phonak, and Sonova Holdings AG.
For instance, in January 2020, Phonak, a Swiss hearing care solutions company, introduced Virto Black, a fully-connected hearing aid with universal Bluetooth Connectivity.
Detailed Segmentation
On the basis of device type, the global audiology devices market is segmented into:
Among devices, the cochlear implants segment is expected to witness maximum traction over the forecast period, as these implants serve to be an ideal substitute for hearing. Cochlear implant provides around 80% better understanding of a sentence, as compared conventional hearing aids that provide an average of 10% understanding. These implants use a technology that bypasses the impaired sensory hair cells, further presenting a virtual sense of sound. However, high costs associated with audiology devices, especially hearing implants are hampering growth of the audiology devices market. This creates greater opportunity for market players to develop cost-effective devices at affordable prices with longer shelf life.
On the basis of disease type, the global audiology devices market is segmented into:
On the basis of end user, the global audiology devices market is segmented into:
Audiology Devices Market by Geography Analysis::
North America (The US, Canada, and Mexico)
Europe (the UK, Germany, France, and Rest of Europe)
Asia Pacific (China, India, and Rest of Asia Pacific)
Latin America (Brazil and Rest of Latin America)
Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)
Key Players In Audiology Devices Market
The “Global Audiology Devices Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Widex A/S, Rayovac, Ambco, Benson Medical, Amplicomms, Tremetrix, Sonova Holdings AG, Starkey Hearing Technologies, Sophono, MED-EL, Advanced Bionics, AllHear, Cochlear Ltd., and Microson Hearing Aids. Regional players are developing innovative products to establish a strong foothold in the global market.
Reasons to Purchase this Report
Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
6-month post sales analyst support
Buy This Complete A Business Report With Flat US $2000 Off @
https://www.coherentmarketinsights.com/promo/buynow/1008
What is Audiology Devices Market?
What are the key driving factors for the growth of Audiology Devices Market?
What are the top players operative in Audiology Devices Market?
What segments are covered in Audiology Devices report?
How can I get sample report/company profiles of Audiology Devices Market?
In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Actual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report.
Contact:
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837
The post Audiology Devices Market to Witness Maximum Traction and Development of Innovate Models appeared first on Gatorledger.
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