AUDIOLOGY DEVICES MARKET ANALYSIS

Audiology Devices MarketSize and Trends

Market Taxonomy:

On the basis of device type, the global audiology devices market is segmented into:

• Cochlear Implants
• Diagnostic Devices
• Tympanometers
• Octoscopes
• Audiometers
• Bone-anchored Hearing Aids
• Technological Healing 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)

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:

• Otitis Media
• Ostosclerosis
• Tinnitus
• Ménière´s Disease
• Acoustic Tumors
• Acoustic Trauma

On the basis of end user, the global audiology devices market is segmented into:

• Hospitals
• Audiology Clinics
• Rehabilitation Centers
• Others

North America to dominate the global audiology devices market, owing to significant investments in research and development of innovate models

North America is the leading geographical region in the global audiology devices market, owing to the presence of majority of key players as well as rampant development in audiology technology in the region. Asia Pacific is expected to witness maximum growth over the forecast period, owing to incorporation of various initiatives in the healthcare sector by regional government bodies and private organizations. For instance, World Wide Healing, a non-profit organization, provides hearing treatment to the poor in emerging economies of Asia. The organization provides new digital hearing aids shipped from manufacturers in North America and Europe. Furthermore, growing healthcare sector and growing awareness regarding hearing assistance among the populace is expected to favor growth of the audiology devices market in Asia Pacific.