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Global Audiology Devices Market 2017-2021


Report Details

Global Audiology Devices Market 2017-2021

SKU TCSEPT170849
Category Medical Devices
Publisher Technavio
Pages 73
Published Sep-17
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Description

Technavio Announces the Publication of its Research Report – Global Audiology Devices Market 2017-2021

Technavio recognizes the following companies as the key players in the global audiology devices market: Medtronic, Sonova, Starkey Hearing Technologies, and William Demant.

Other Prominent Vendors in the market are: Audina Hearing Instruments, Benson Medical Instruments, Cochlear, ExSilent, Frye Electronics, GN Hearing, Interacoustics, Microson, MED-EL, Nurotron Biotechnology, Otometrics (acquired by Natus Medical), Sivantos, and WIDEX.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing focus on digital hearing aids. Nowadays, the digital hearing aids are being much accepted by the people, and these devices are still going through innovations and advances. The digital hearing aids are sleek and have a modern look outside, loaded with world-class technology inside. They improve speech understanding and make listening easier in any environment. The digital hearing aid uses a precision microphone and advanced noise reduction and speech recognition system designed to amplify important sounds, such as speech, and to reduce unwanted surrounding noise.”

According to the report, one of the major drivers for this market is Increasing prevalence of hearing disorders. The prevalence of hearing disorders increased globally. The hearing disorder can also be a disabling hearing loss, which refers to hearing loss greater than 40 dB in the better hearing ear in adults and greater than 30 dB in the better hearing ear in children. The hearing disorder can be due to a genetic cause, congenital disability, infectious disease, chronic ear infection, usage of particular drugs, exposure to excessive noise, and older age.

Further, the report states that one of the major factors hindering the growth of this market is Inadequate reimbursement and insurance policies. Inadequate reimbursement for the hearing aid devices poses a serious difficulty for the hospitals and the patients. In addition, the Medicare and Medicaid policies raised serious problems for the cochlear implant centers also. The lack of reimbursement led to low profits for the implant centers. The centers, which perform 100 surgeries a year are unable to generate profits by providing cochlear implants. The medium and small-sized centers are being forced to limit the number of patients they serve, due to the insurance coverage and reimbursement issues.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

About Audiology Devices

Audiology devices are used by people with hearing difficulties. These devices have improved over the time to provide a better experience to the users. With the advances in technology, the devices have become smarter, smaller, and easier to use, providing better communication to the users. Nowadays, the digital hearing devices are equipped with feedback reduction, speech enhancement, directional microphones, and wireless technology. The market growth for these devices will continue due to the increasing prevalence of hearing disorders.

Technavio’s analysts forecast the global audiology devices market to grow at a CAGR of 6.50% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global audiology devices market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio's report, Global Audiology Devices Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
• Medtronic
• Sonova
• Starkey Hearing Technologies
• William Demant

Other prominent vendors
• Audina Hearing Instruments
• Benson Medical Instruments
• Cochlear
• ExSilent
• Frye Electronics
• GN Hearing
• Interacoustics
• Microson
• MED-EL
• Nurotron Biotechnology
• Otometrics (acquired by Natus Medical)
• Sivantos
• WIDEX

Market driver
• Increasing prevalence of hearing disorders?
• For a full, detailed list, view our report

Market challenge
• Inadequate reimbursement and insurance policies?
• For a full, detailed list, view our report

Market trend
• Increasing focus on digital hearing aids
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.


News/Press Release

Table of Content

Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
• Market outline
PART 05: Market landscape
• Market overview
• Market size and forecast
• Five forces analysis
PART 06: Market segmentation by product
• Market overview
• Global hearing aids market
• Global cochlear implants market
• Global diagnostic devices market
• Global BAHA?market
PART 07: Market segmentation by end-user
• Market overview
• ASCs
• Hospitals
• Research institutes
PART 08: Geographical segmentation
• Market scenario
• Audiology devices market in Americas
• Audiology devices market in EMEA
• Audiology devices market in APAC
PART 09: Decision framework
PART 10: Drivers and challenges
• Market drivers
• Market challenges
PART 11: Market trends
• Increasing focus on digital hearing aids
• Technological advances in hearing aids
PART 12: Vendor landscape
• Competitive scenario
• Other prominent vendors
PART 13: Key vendor analysis
• Medtronic
• Sonova
• Starkey Hearing Technologies
• William Demant
PART 14: Appendix
• List of abbreviations


List of Exhibits
Exhibit 01: Global audiology devices market: Impact assessment
Exhibit 02: Market scenario for global audiology devices market 2016 and 2021
Exhibit 03: Global audiology devices market 2016-2021 ($ millions)
Exhibit 04: Five forces analysis
Exhibit 05: Global audiology devices market by product 2016 (%)
Exhibit 06: Global audiology devices market by product 2021 (%)
Exhibit 07: Global hearing aids market 2016-2021 ($ millions)
Exhibit 08: Global cochlear implants market 2016-2021 ($ millions)
Exhibit 09: Global diagnostic devices market 2016-2021 ($ millions)
Exhibit 10: Global BAHA market 2016-2021 ($ millions)
Exhibit 11: HEI research programs
Exhibit 12: Global audiology devices market by geography 2016 (%)
Exhibit 13: Global audiology devices market by geography 2021 (%)
Exhibit 14: Audiology devices market in Americas: Overview
Exhibit 15: Audiology devices market in Americas 2016-2021 ($ millions)
Exhibit 16: Audiology devices market in EMEA: Overview
Exhibit 17: Audiology devices market in EMEA 2016-2021 ($ millions)
Exhibit 18: Audiology devices market in APAC: Overview
Exhibit 19: Audiology devices market in APAC 2016-2021 ($ millions)
Exhibit 20: Competitive structure analysis of global audiology devices market 2016
Exhibit 21: Medtronic: Key financial overview
Exhibit 22: Medtronic: Key highlights
Exhibit 23: Medtronic: Strength assessment
Exhibit 24: Medtronic: Strategy assessment
Exhibit 25: Medtronic: Opportunity assessment
Exhibit 26: Sonova: Region-wise revenue generation FY2016 (%)
Exhibit 27: Sonova: Key highlights
Exhibit 28: Sonova: Strength assessment
Exhibit 29: Sonova: Strategy assessment
Exhibit 30: Sonova: Opportunity assessment
Exhibit 31: Starkey Hearing Technologies: Strength assessment
Exhibit 32: Starkey Hearing Technologies: Strategy assessment
Exhibit 33: Starkey Hearing Technologies: Opportunity assessment
Exhibit 34: William Demant: Revenue by geographic region 2016 (%)
Exhibit 35: William Demant: Key highlights
Exhibit 36: William Demant: Strength assessment
Exhibit 37: William Demant: Strategy assessment
Exhibit 38: William Demant: Opportunity assessment

Companies Profiled

Medtronic, Sonova, Starkey Hearing Technologies, William Demant, Audina Hearing Instruments, Benson Medical Instruments, Cochlear, ExSilent, Frye Electronics, GN Hearing, Interacoustics, Microson, MED-EL, Nurotron Biotechnology, Otometrics (acquired by Natus Medical), Sivantos, and WIDEX.

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