The global audiological devices market is expanding due to the increasing number of cases of hearing loss across the globe. The global audiological devices market was valued at about US$ 8.7 Bn in 2017 and is expected to reach a value of US$ 13.4 Bn by 2026, expanding at a compound annual growth rate (CAGR) of over 5.0% from 2018 to 2026.
Albany, NY -- (SBWIRE) -- 04/30/2019 -- A fresh report has been added to the wide database of Market Research Report Search Engine (MRRSE). The research study is titled "Audiological Devices Market - Size is estimated to reach value US$ 13.4 Billion by 2026" which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview.
This report on the global audiological devices market comprises an elaborate executive summary, including a market snapshot that provides information about different segments of the market. The report also provides information and data analysis of the global market with respect to its segments based on product, disease type, end-user, and geography. A detailed qualitative analysis of drivers, restraints, and opportunities of the market has been provided in the market overview section. Moreover, the section comprises the company profiles with a business overview to project the competitive landscape of the market. It also provides market attractiveness analysis in terms of geography, and market share analysis by key players, thereby presenting a thorough analysis of the overall competitive scenario prevailing in the audiological devices market.
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The global audiological devices market is expanding due to the increasing number of cases of hearing loss across the globe. The global audiological devices market was valued at about US$ 8.7 Bn in 2017 and is expected to reach a value of US$ 13.4 Bn by 2026, expanding at a compound annual growth rate (CAGR) of over 5.0% from 2018 to 2026. The global market is witnessing expansion at a relatively higher growth rate owing to the increasing geriatric population, adoption of audiological devices due to rising number of cases of hearing loss, and surge in research and development in both developed and developing markets.
Based on product, the global audiological devices market has been segmented into hearing aids, cochlear implants, bone-anchored hearing aids, and diagnostic devices. The hearing aids segment has been further divided into in-the-ear hearing aids (ITE), receiver-in-the-ear hearing aids (RITE), behind-the-ear hearing aids (BTE), and canal hearing aids (CHA). Additionally, the diagnostic devices segment has been further divided into audiometers, octoscopes, and tympanometers. In terms of disease type, the global audiological devices market has been classified into otosclerosis, Meniere's disease, acoustic tumors, otitis media, and others. In terms of end-user, the global audiological devices market has been divided into hospitals, ambulatory surgery centers, and clinics. The global audiological devices market has been analyzed based on technology trends, research and developmental activities, and presence of key players in the region. Market size and forecast for each of these segments have been provided for the period of 2016 to 2026, along with their respective CAGR for the forecast period from 2018 to 2026, considering 2017 as the base year.
In terms of region, the global audiological devices market has been categorized into five major regions and key countries in these regions: North America (the U.S., Canada), Europe (Germany, the U.K., France, Italy, Russia, Spain, and Rest of Europe), Asia Pacific (China, India, Japan, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (GCC countries, South Africa, Israel, and Rest of Middle East & Africa). Market size and forecast for each of these regions and their key countries have been provided for the period from 2016 to 2026, along with their respective CAGR for the forecast period 2018-2026, considering 2017 as the base year. This report also covers the competitive scenario of the market in these regions.
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The report profiles major players operating in the global audiological devices market in terms of attributes such as company overview, financial overview, product portfolio, and business strategies. Major companies profiled in this report are William Demant Holding A/S, GN Store Nord A/S, Sonova, WIDEX A/S, Sivantos Pte. Ltd., Medtronic, Starkey, Audina Hearing Instruments, Inc., AUDITDATA, and Nurotron Biotechnology Co. Ltd.
The global audiological devices market has been segmented as mentioned below:
Audiological Devices Market, by Product
Behind-the-Ear (BTE) aids
Receiver-in-the-Ear (RITE) aids
In-the-Ear (ITE) aids
Canal hearing aids Canal hearing aids (CHA)
Bone anchored hearing aids
Audiological Devices Market, by Disease Type
Audiological Devices Market, by End-user
Ambulatory Surgery Centers
Audiological Devices Market, by Region
Rest of Europe
Australia & New Zealand
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
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