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Global Audiology Devices Market 2017-2021

  • Published: Sep 2017
  • Pages: 73
  • SKU: IRTNTR14557
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This industry research report identifies Medtronic, Sonova, Starkey Hearing Technologies, and William Demant as the key vendors in the global audiology devices market. This industry research report also presents a comprehensive analysis of the market by product (hearing aids, cochlear implants, diagnostic devices, and BAHA), by end user (hospitals, ASCs, and research institutes), and by geography (the Americas, APAC, and EMEA).

Overview of the global audiology devices market

Technavio’s market study identifies the increasing prevalence of hearing disorders to be one of the primary growth factors for the audiology devices market. Owing to various factors such as genetic causes, congenital disability, infectious disease, chronic ear infection, usage of drugs, and exposure to excessive noise, there is an exponential increase in the prevalence of hearing losses. Early identification of the need for hearing aids benefits people with hearing disorders as they start using hearing aids, cochlear implants, and other assistive devices. Our market research analysts estimate that the market for audiology devices will grow steadily at a CAGR of more than 6% by 2021.

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Audiology devices market trends

Researchers and developers are focusing on developing new signal processing strategies to design hearing aids that can enhance speech signals to improve understanding. Additionally, computer-aided technology is also used to design and manufacture improved hearing aids and researches are improving sound transmission to provide clear and better quality of sound. Such technological advancements in hearing aids will be one of the major trends that will gain traction in the hearing aid market during the next four years.

Audiology devices market forecast: Competitive landscape and key vendors

Owing to the presence of four major players who account for the major shares of the audiology devices market appears to be concentrated. Audiology device manufacturers are focusing on developing new and innovative products and geographical expansion to attain a competitive advantage among the other players in the hearing aid market. The key vendors compete mainly based on pricing, product differentiation, and distribution partnerships, and employ competitive strategies such as M&A.

The leading vendors in the audiology devices market

  • Medtronic

  • Sonova

  • Starkey Hearing Technologies

  • William Demant

Audiology devices market segmentation by product type

Owing to the increasing prevalence of hearing disorders in children and adults, the demand and adoption of hearing aids will grow steadily in the coming years. Additionally, the growing consumer awareness about hearing loss and aids and rapid technological advancements in hearing aid devices, will also contribute to the growth of the audiology devices market in the hearing aid segment.

Audiology devices market segmentation by end user

  • Hospitals

  • Ambulatory surgical centers (ASCs)

  • Research institutes

There is a growing awareness for hearing aids procedures among the consumers and they prefer to visit ASCs as they provide better facilities, personalized care, experienced professionals, and highly compliant post-operative follow-ups. ASCs provide better efficiency and procedures at reduced prices as compared to large hospitals. Their efficiency and greater regulatory control for reimbursement will drive the preference of consumers towards ASCs for a few procedures.

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Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?

  • What are the key factors driving the global audiology devices market?

  • What are the key market trends impacting the growth of the global audiology devices market?

  • What are the challenges to market growth?

  • Who are the key vendors in the global audiology devices market?

  • What are the market opportunities and threats faced by the vendors in the global audiology devices market?

  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.

  • What are the key outcomes of the five forces analysis of the global audiology devices market?

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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

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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