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Business

Global Audiological Devices Market To Record Robust Growth Rate In Next 10 Years : FactMR

With a multi-disciplinary approach, Fact.MR elaborates an extensive analysis of the historical, current and future outlook of the global Audiological Devices as well as the factors responsible for such a growth. Our highly dedicated professionals have inputted critical and accurate insights associated with every industry, and region by doing thorough primary and secondary research.

We leverage space-age industrial and digitalization tools to provide avant-garde actionable insights to our clients regarding the Audiological Devices. For enhancing readers’ experience, the report starts with a basic overview about the Audiological Devices and its classification.

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Prominent Key players of the Audiological Devices market survey report:

  • William Demant Holding A/S
  • GN Store Nord A/S
  • Sonova
  • WIDEX A/S
  • Sivantos Pte. Ltd.

Audiological Devices Market Segmentation

Fact.MR has studied the audiological devices market with detailed segmentation on the basis product, disease type, end-user and key regions.

  • By Product :

    • 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)
    • Cochlear Implants
    • Bone-anchored Healing Aids
    • Diagnostic Devices:
    • -Audiometers
    • -Octoscopes
    • Tympanometers
  • By Disease Type :

    • Otosclerosis
    • Meniere’s Disease
    • Acoustic Tumors
    • Otitis Media
    • Others
  • By End-user :

    • Hospitals
    • Ambulatory Surgical Centers
    • Clinics
  • By Region :

    • North America
    • Europe
    • Latin America
    • Asia Pacific
    • Middle East & Africa (MEA)

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The insights for each vendor consists of:

  • Company profile
  • SWOT analysis
  • Main market information
  • Market share
  • Revenue, pricing and gross margin

What insights does the Audiological Devices Market report provide to the readers?

  • Audiological Devices fragmentation on the basis of product type, end use, and region.
  • Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
  • Collaborations, R&D projects, acquisitions, and product launches of each Audiological Devices player.
  • Various regulations imposed by the governments on the consumption of Audiological Devices in detail.
  • Impact of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global Audiological Devices.

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The report covers following Audiological Devices Market insights and assessment that are helpful for all participants involved in the Audiological Devices market:

  • Data on recently introduced regulations and their impact on key industries and on demand in Audiological Devices
  • Latest industry Analysis on Audiological Devices Market, with key analysis of market drivers, trends, and influencing factors
  • Key trends Analysis of Audiological Devices Market and changing consumer preferences in major industries.
  • Changing Audiological Devices demand and consumption of diverse products
  • Major trends underlining funding by key investors in numerous countries
  • New investment opportunities in diverse technology and product or service types
  • Comprehensive data and Competitive analysis of Audiological Devices major players
  • Audiological Devices Market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
  • Audiological Devices demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth

Questionnaire answered in the Audiological Devices Market report include:

  • How the market for Audiological Devices has grown?
  • What is the present and future outlook of the global Audiological Devices on the basis of region?
  • What are the challenges and opportunities for the Audiological Devices?
  • Why the consumption of Audiological Devices highest in region?
  • In which year segment is expected to overtake segment?

For More Insights of Fact.MR Trending Report: https://www.newswire.co.kr/newsRead.php?no=922175

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analysed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com

 

Categories
Pharmaceutical

Sales of Audiometers to Reach US$ 685 Mn Revenues by 2026

A recent study published by Fact.MR shows a marked rise in the adoption of hearing aids, which is projected to grow in excess of US$ 8 Bn by 2026, as individuals are evincing high interest towards high-tech devices to treat hearing loss. Availability of a wide range of hearing aids further offers choices to select the right audiological device, which is resonating well with individuals suffering from poor hearing conditions.

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Receiver-in-the-ear is the most preferred hearing aid, and is expected to witness a CAGR of around 5.1% during the forecast period (2020-2026), on account of its lightweight and easy accessibility. However, hearing aids may not be effective among individuals with severe hearing loss, which is likely to fuel the adoption rate of cochlear implants during the forecast period.

Key Highlight of Audiological Devices Market Study

  • Patients in developed regions, and in developing regions to some extent, are increasingly becoming conscious of their health issues, which is encouraging them to undergo diagnosis and avail quality care. This continues to gain significance to diagnostic devices in the audiological devices market.
  • Demand for audiometers is high in hospitals and clinics to measure the hearing levels of patients. On the back of high adoption, audiometers are likely to record sales tantamount to US$ 685 Mn by 2026.
  • Increasing sales of audiological devices are highly attributable to the growing prevalence of Meniere’s disease. Also, the study finds that, a larger pool of women is affected by this disease as compared to men. Adoption of audiological devices among patients suffering from the disease is projected to grow to 33% by 2026.
  • Hospitals are gradually losing prominence in the audiological devices market to clinics, owing to long-wait windows and high treatment costs associated with the former. Clinics are expected to account for nearly 50% of the audiological devices market by 2026.

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Audiological Devices Market Segmentation

Fact.MR has studied the audiological devices market with detailed segmentation on the basis product, disease type, end-user and key regions.

Product
  • 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)
  • Cochlear Implants
  • Bone-anchored Healing Aids
Disease Type
  • Otosclerosis
  • Meniere’s Disease
  • Acoustic Tumors
  • Otitis Media
  • Others
End-user
  • Hospitals
  • Ambulatory Surgical Centers
  • Clinics

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Product Innovation – A Key Strategy Adopted by Players across All Tiers

Key parameters forming the basis of competition in the audiological devices market include distribution partnerships, pricing, and product differentiation. Leading players—Medtronic, William Demant, Sonova, and Starkey Hearing Technologies—undertake intense research & development activities to stay ahead of the curve through product innovation.

The latest hearing aids are integrated with wireless technology that helps them connect to Android and iOS devices. Moreover, players in the audiological devices market continue to focus on the development of sleeker hearing aids to offer convenience to patients.

Expansion of product portfolio is the strategy adopted by players of all tiers. For instance, GN Store Nord A/S announced the launch of Interton Ready, which is built on 2.4 GHz connectivity that helps individuals listen to songs and use it for phone calls.

Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2020/03/19/2003442/0/en/Lead-Acid-Battery-Sales-Proliferate-in-Fast-Developing-Economies-AGM-Battery-to-Account-for-a-Third-of-Global-Demand-by-2029-Fact-MR.html

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About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com