Audiology Devices Market

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Audiology Devices Market To Reach USD 14.04
Billion by 2026 Sophono, Rayovac, Widex A/S,
Benson Medical, Ambco, Amplicomms
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Market Summary
Factoring contributing to the high CAGR are high
prevalence of hearing disorders among young and
old population. Moreover, product launches and
technological progressions have fueled the growth
of audiology devices market. Market Size USD
8.96 Billion in 2018, Market Growth CAGR of
5.8, Market Trends Product Launches and
Research for Advanced Tech Developments.
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Our Approach
Market Summary

• Based on current analysis the global audiology
  devices market was valued at USD 8.96 billion in
  2018 and is expected to reach USD 14.04 billion
  by 2026, at a CAGR 5.8 audiological device are
  classified as supporting devices that help
  improve hearing capacity of an individual
  suffering hearing impairment and to monitor and
  study hearing. Deafness is caused because of
  damage in the ears or harm caused to hearing
  associated nerves. These impairments happen due
  to exposure to loud noise, age-related factor,
  congenital effects and other injuries.
• As per severity, sensorineural, conductive and
  mixed hearing loss are classified into mild,
  severe and moderate. Communication is the most
  important skill one can have to build and
  maintain a relationship and be able to put
  forward important opinions and suggestions. Major
  market driving factors for the growth of this
  market, are increasing existence of hearing
  impairment in old as well as young peers,
  government interventions for development of
  healthcare structure of the world, higher
  spending power and improved standard of living.
  Development of new products with high efficiency
  and affordable price rates, technological
  progressions are some other market drivers
  contributing to the overall growth and
  development of the global audiology market..
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Our Approach
Market Summary

• Further key findings from the report suggest
• The clinic segments, referred to the end use, is
  leading the audiology devices market. Rising
  number of audiology clinic visits by patients
  affected, genetic disorders, congenital defects,
  hearing issues, or ENT specialists have been
  projected to trigger the market growth of
  audiology devices in the market
• Asia-Pacific market to register highest CAGR of
  6.6 due to increasing prevalence of hearing
  disability in the growing economies of India and
  China
• World Wide Healing is a nonprofit organization
  providing hearing treatment to the poor in
  emerging economies of Asia. This organization
  provides with hearing aids manufactured in North
  America and Europe. Growing healthcare sector and
  increasing awareness among the people regarding
  hearing disabilities is expected to favor the
  growth of audiology devices market
• Cochlear implants segments are likely to
  experience highest market share of 42 in the
  market, among devices, these implants prove to be
  an ideal substitute for hearing. Cochlear
  implants provide more than 70 of better
  understanding of the sentence constructed, as
  compared to conventional hearing aids.
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Our Approach
Market Summary

• Key participants include Starkey Hearing
  Technologies, Sophono, Rayovac, Widex A/S, Benson
  Medical, Ambco, Amplicomms, Sonova Holdings AG,
  Trimatrix, MED-EL, Advanced Bionics, All Hear,
  Cochlear Ltd., and Microson Hearing Aids have
  been profiled in the report.
• For the purpose of this study, the market is
  segmented on the basis of type, disease type, end
  use and regions
• Type (Revenue in USD Million 20162026)
• Cochlear implants
• Diagnostics devices
• Tympanometers
• Otoscopes
• Audiometers
• Bone-anchored hearing aids
• Technological hearing aids
• Digital Hearing Aids
• Analog Hearing Aids
• Hearing aids
• In-the-ear Hearing Aids (ITE)
• Receiver-in-the-ear hearing Aids (RITE)
• Behind-the-ear Hearing Aids (BTE)
• Canal Hearing Aids (CHA)

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Our Approach
Market Summary

• Disease type (Revenue in USD Million 20162026)
• Menieres Disease
• Otitis Media
• Osteosclerosis
• Tinnitus
• Acoustic Tumors
• Acoustic Trauma
• End use (Revenue in USD Million 20162026)
• Hospitals
• Audiology Clinics
• Rehabilitation Centers
• Others
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About Us
Our Approach
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