Tag: Demand of Canal Hearing Aids (CHA)

250 Pages Audiological Devices Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

According to Fact MR’s recent market research, sales of Audiological Devices to swell at propelled CAGR through 2031, as investment towards expansion of healthcare infrastructure continues rising. The goal of the survey is uncover growth opportunities, key trends, growth drivers, and challenges. It also provides recommendations to assist businesses in preparing for unforeseen challenges.

Focus on improving overall patient care will remain a chief growth driver. Besides this, Audiological Devices market will continue gaining from increasing willingness among patients and families to spend on advanced healthcare.

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Auditory impairments affect people of all age groups, ranging from moderate to severe. According to the Hearing Loss Association of America (HLAA), auditory impairments account for the 3rd largest physical disability among people. Furthermore, the World Health Organization estimated in 2019 that unaddressed hearing losses have cost countries US$ 750 Bn annually. 90% of the patients were adults, of which males constituted more than 50%.

The high incidence of hearing disabilities in the geriatric population is the main factor behind increasing deafness. As a consequence, people are increasingly seeking treatment for the same. On the premise of the aforementioned trends, the global audiological devices market shall experience a moderate growth pegged at 5% during the forecast period (2020-2026). The market is poised to surpass a value of US$ 1.3 Bn by 2026-end.

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Audiological Devices market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Audiological Devices

The report offers actionable and valuable market insights of Audiological Devices. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Audiological Devices Market across various industries and regions

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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.

• 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)

“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”

Full Access of this Exclusive Report is Available at- https://www.factmr.com/checkout/4444

Key Takeaways of the Audiological Devices Market Study:

• Hearing Aids are expected to retain a major chunk of the audiological devices market share, accounting for 60% of the market. However, cochlear implants are gaining traction, owing to their suitability for severely hearing impaired patients.
• Meniere’s disease is the most prevalent hearing impairment among patients. Accounting for one-third of the total market share, the Meniere’s disease type is expected to leverage the audiological devices market share in the forecast period. Projected CAGR for the same is 5.8%.
• While clinics shall account for a major chunk of the audiological devices market, ambulatory services are gaining momentum. Reduced waiting time for treatment is a key driver for the growth of the ambulatory services segment.
• By region, Europe remains the most lucrative market for audiological devices, due to increasing geriatric population. By 2026, Europe shall account for more than one-third of the market share.
• However, Asia-Pacific shall register impressive growth, due to technological developments and entry of key audiological market players. Projections indicate a CAGR of 6.5% from 2020-2026.

“The global audiological devices shows a positive growth trend in the future. Increase in the elderly population, coupled with burgeoning research in addressing hearing impairments, shall drive key market players to innovate,” concludes a Fact.MR analyst.

New Product Launches to Shape Audiological Devices Competition Landscape

Important audiological devices market players such as Sonova International and William Demant Holdings A/S, focus on development of technologically advanced audiological devices and product launches to increase their footprint. For instance, Sonova International recently unveiled its “Virto M Black” custom made hearing aid. Part of Sonova’s Marvel customized in-the-ear (ITE) technology, the device includes Bluetooth streaming and a personalized hearing experience through the myPhonak App. Likewise, William Demant Holdings A/S offers hearing impairment solutions through its Oticon, Bernafon, Sonic, Audika and MAICO brands. Core businesses include hearing devices, hearing implants, diagnostic instruments and intelligent audio solutions.

Read More Trending Reports of Fact.MR- https://www.biospace.com/article/demand-for-tricuspid-valve-repair-rising-as-congenital-and-rheumatoid-heart-disease-cases-increase-fact-mr/

Report Benefits & Key Questions Answered

• Audiological Devices Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
• Audiological Devices Historical volume analysis: The report provides a comparison of Audiological Devices’s historical sales and projected sales performance for 2021-2031.
• Audiological Devices Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Audiological Devices market. It carefully gauges the impact of changing healthcare needs of key demographics globally
• Audiological Devices Consumption by demographics: The report investigates consumer behavior affecting Audiological Devices demand outlook for the assessment period. Effect of their keenness for digital trends on Audiological Devices market is carefully analyzed
• Post COVID consumer spending on Audiological Devices: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Audiological Devices market growth.

More Valuable Insights on Audiological Devices Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Audiological Devices, Sales and Demand of Audiological Devices, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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About Fact.MR

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. We have offices in US and Dublin, whereas our global headquarter is in Dubai. 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. 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
E-Mail: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

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.

For More Insights Into The Market, Request a Sample of this Report – https://www.factmr.com/connectus/sample?flag=S&rep_id=4444

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 ImplantsBone-anchored Healing AidsDiagnostic Devices:-Audiometers-OctoscopesTympanometers
Disease Type	OtosclerosisMeniere’s DiseaseAcoustic TumorsOtitis MediaOthers
End-user	HospitalsAmbulatory Surgical CentersClinics
Region	North AmericaEuropeLatin AmericaAsia PacificMiddle East & Africa (MEA)

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 Market
• Latest industry 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 Market 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 Market major players
• Audiological Devices Market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
• Audiological Devices Market demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth

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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 EmiratesEmail: sales@factmr.com
Visit Our Website: https://www.factmr.com

The recently published report by Fact.MR on the Survey of Audiological Devices Market is intended to offer reliable data on various key factors shaping the growth curve & outlook of Audiological Devices market. This report works as a rich source of information for key entities such as policy makers, end-use industries, investors, and opinion leaders.

The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Market Insights of Audiological Devices.

Key stakeholders in Market including industry players, policymakers, and investors in various countries have been continuously realigning their strategies and approaches to implement them in order to tap into new opportunities.

Click Here To get a Sample Report (Including Full TOC, Table & Figures):-https://www.factmr.com/connectus/sample?flag=S&rep_id=4444

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 Diagnostic Devices: -Audiometers -Octoscopes Tympanometers
Disease Type	Otosclerosis Meniere’s Disease Acoustic Tumors Otitis Media Others
End-user	Hospitals Ambulatory Surgical Centers Clinics
Region	North America Europe Latin America Asia Pacific Middle East & Africa (MEA)

“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”

A comprehensive estimate of the Audiological Devices market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the Sales of Audiological Devices during the forecast period. Price point comparison by region with the global average price is also considered in the study.

The Market survey of Audiological Devices offers a comprehensive analysis of diverse features, including production capacities analysis of Audiological Devices, demand, product developments, revenue generation, and Size of Audiological Devices Market across the globe.

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Some of the Audiological Devices Market insights and estimations that make this study unique in approach and effective in guiding stakeholders in understanding the growth dynamics. The study provides: 

• Details regarding latest innovations and development in Audiological Devices and how it is gaining customer traction during the forecast period.
• Analysis about the customer demand of the products and how it is likely to evolve in coming years.
• Latest regulations enforced by government bodies and local agencies and their impact on Demand of Audiological Devices Market .
• Insights about adoption of new technologies and its influence on the Audiological Devices market Size.
• Overview of the impact of COVID-19 on Audiological Devices Market and economic disruptions caused by the pandemic.
• Evaluates post-pandemic impact on the Sales of Audiological Devices Market during the forecast period.

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Some Notable Offerings by Fact.MR Report on Audiological Devices market:

• We will provide you an analysis of the extent to which this Audiological Devices market research report acquires commercial characteristics along with examples or instances of information that helps you to understand it better.
• We will also help to identify customary/ standard terms and conditions, as offers, worthiness, warranty, and others.
• Also, this report will help you to identify any trends to forecast growth rates.
• The analyzed report will forecast the general tendency for supply and demand.

How Fact.MR Assists in Making Strategic Moves For Audiological Devices Market Manufacturer?

• The data provided in the Audiological Devices market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
• The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

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About Fact.MR:

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
E-Mail: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

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.

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.

A key opinion leader at Fact.MR opines,“ Technological advancements will be a crucial determinant in driving the revenue of the audiological devices market. Rechargeable audiological devices powered by lithium-ion batteries significantly help reduce costs and would rapidly replace conventional audio devices.”

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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.

Have a Query? Connect to Expert
https://www.factmr.com/connectus/sample?flag=AE&rep_id=4444

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 Diagnostic Devices: -Audiometers -Octoscopes Tympanometers
Disease Type	Otosclerosis Meniere’s Disease Acoustic Tumors Otitis Media Others
End-user	Hospitals Ambulatory Surgical Centers Clinics
Region	North America Europe Latin America Asia Pacific Middle East & Africa (MEA)

Report Benefits & Key Questions Answered

• Audiological Devices Company & brand share analysis: The report offers brand-share analysis on Audiological Devices market to offer a more in-depth competition deep-dive. This is intended at assisting companies at proactive long-term planning.
• Audiological Devices Historical volume analysis: Factors affecting sales in the past are analyzed in detail. The report also offers comparative analysis between growth trajectory exhibited in 2016-2020 and 2020-2025.
• Audiological Devices Category & segment level analysis: To offer a comprehensive analysis, the market identifies leading segments and highlights chief factors enabling growth across these categories.
• Audiological Devices Consumption by demographics: The demographic analysis is intended at providing recommendations to companies to help them create growth strategies around dynamic consumption patterns.
• Audiological Devices Manufacturing trend analysis: Manufacturing trend analysis is the key highlight of the study. It offers vital data on strategies adopted by market players to align their manufacturing strategies as per prevailing market trends.           

 Full Access of Audiological Devices Market Report Is Available at  https://www.factmr.com/checkout/4444

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.

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Find More Valuable Insights on Audiological Devices Market

Fact.MR, in its new offering, brings to the fore an unbiased analysis of the global audiological devices market, presenting historical demand data (2016-2019), and forecast statistics for the period 2020-2026. The study divulges compelling insights on the audiological devices market on the basis of product (hearing aids, cochlear implants, bone-anchored hearing aids, and diagnostic devices), disease (otosclerosis, otitis media, Meniere’s disease, acoustic tumours, and others), and end user (hospitals, ambulatory surgical centres, and clinics), across five major regions.

About Fact.MR

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. We have offices in the US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have in 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. 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
E: sales@factmr.com
Website: https://www.factmr.com
Content Source https://www.factmr.com/media-release/1225/global-audiological-devices-market