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Hexa Reports
Market Research Reports and Insightful Company Profiles
Audiology Devices Market Analysis, Industry Size, Share,
Application Analysis, Regional Outlook, Growth, Trends,
Competitive Scenario And Segment Forecasts, 2012 To 2020
The global market for audiology devices is expected to reach USD 9,542.3 million by 2020, growing at an
estimated CAGR of 5.0% from 2014 to 2020. Introduction of technological advancements such as
wireless devices, acceptance of these devices by the geriatric population along with increase in demand
of cost-effective and efficient devices are some of the major drivers of this market. In addition, presence
of untapped growth opportunities in emerging countries such as India, Brazil and China and the
increasing health awareness are expected to serve this market as future growth opportunities.
Hearing aids dominated the overall market in terms of revenue share at 64.1% in 2013. High comfort
rendered by these products, enhanced connectivity and enhanced user friendliness are some of the
factors attributing to its high usage rates and subsequently large market share.
Browse Detail Report With TOC @ http://www.hexareports.com/report/audiology-devices-marketanalysis-by-product-cochlear-implants-bone-anchored-hearing-aids-hearing-aids-audiometersotoscopes-tympanometers-and-segment-forecasts-to-2020/
Further key findings from the study suggest:
Behind-the-Ear (BTE) aids dominated the hearing aid market by product in terms of share at over 55.5%
in 2013 due to its ease of use and connectivity.
Hexa Reports
Market Research Reports and Insightful Company Profiles
Europe was the largest regional market in 2013, accounting for over 40.0% of global revenue due to the
increased prevalence of deafness coupled with the presence of high patient disposable incomes and
sophisticated healthcare infrastructure.
Asia Pacific audiology devices market is expected to grow at the fastest CAGR of 7.4% from 2014 to
2020. Presence of unmet medical needs...