Market Research Reports

Audiological Devices Market (Hearing Aids, Cochlear Implants, Bone Anchored Hearing Aids, Audiometers, Tympanometers and Otoscopes) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018

89pages
Published Date: 2013-07-01
 

Description



Audiological devices are used for the study of hearing and are used by audiologists for the diagnosis and treatment of hearing loss. Age-related hearing loss is attributed to the normal aging process and other demographic factors such as environmental conditions and occupation. In addition, an individual’s genetic predisposition can also be considered as a significant factor contributing to hearing impairment. With the advent of virtually invisible and compact hearing aid systems, audiology devices are expected to become ubiquitous consumer electronics in the future. 

The progress of hearing aids thus depends on industrial innovations either in incremental or radical steps. Incremental advances are easy to identify as these involve progressions and advancements in the existing technologies, whereas radical changes are unpredictable as they involve introduction of a new concept and technology which has not been used earlier. Early and efficient diagnosis of hearing impairment ensures effective treatment measures to enhance the hearing capacity of the patient. This research report on audiological devices market explains various advancements occurring in this market and analyzes the global audiological devices market by product types as well as by geographic regions. This report comprises an elaborate executive summary, which includes a market snapshot that provides market dynamics of various segments and sub-segments that are included in the report in a precise manner. 

A detailed qualitative analysis of the factors responsible for driving and restraining the growth of the global audiological devices market and future opportunities has been provided in the market overview section. This section of the report also provides market attractiveness analysis and porter’s five forces analysis and key players’ market share analysis in 2011 in the audiological devices market. 

The global market for audiological devices by product type has segmented into hearing aids, bone anchored hearing aids (BAHA), cochlear implants and diagnostic devices. Hearing aids devices are further categorized into behind-the-ear (BTE) aids, receiver-in-the-ear aids, in-the-ear (ITE) aids and canal hearing aids (In-the-Canal (ITC). Likewise, diagnostic devices are further segmented as audiometers, tympanometers and otoscopes. The market for these devices has been extensively analyzed based on consistency, effectiveness and sales revenue of the various products developed by the manufacturers. The market size and forecast in terms of USD million for each product has been provided for the period 2010 to 2018. The report on the audiological devices market also provides % compounded annual growth rate (CAGR) for each of the aforementioned market segment and sub segment for the forecast period 2012 to 2018, considering 2011 as the base year. 

Geographically, the audiological devices market has been categorized into four major regions: North America, Europe, Asia-Pacific, and Rest of the World (RoW). The market size and forecast for each of these regions have been provided for the period 2010 to 2018 along with CAGR (%) for the forecast period 2012 to 2018. The research study also incorporates the competitive scenario of major players in these regions. 

A list of recommendations has been provided for new entrants to help establish a strong presence and for existing market players to increase their market share. The report concludes with the profiles of major players in the audiological devices market based on various attributes such as company overview, financial overview, business strategies, product portfolio and recent developments. Major market players profiled in this report includes Cochlear Limited, GN ReSound Group, Siemens Healthcare, Sonova Holding AG, Starkey Hearing Technologies, Widex A/S and William Demant Holding A/S. 

Table of Contents


Table of Contents

Chapter 1 Introduction
1.1 Report description
1.2 Market segmentation
1.3 Research methodology
1.4 List of abbreviations

Chapter 2 Executive Summary

Chapter 3 Market Overview
3.1 Market trends and future outlook
3.2 Drivers
      3.2.1 Increase in prevalence of age-related hearing impairment
      3.2.2 High prevalence of deafness
      3.2.3 Cosmetic appeal of hearing aids
      3.2.4 Impact analysis of drivers
3.3 Restraints
      3.3.1 High cost of surgical solutions
      3.3.2 Social stigma
      3.3.3 Impact analysis of restraints
3.4 Opportunities
      3.4.1 Increase in government initiatives to provide better healthcare services
      3.4.2 Advent of wireless and waterproof hearing aids
      3.4.3 Impact analysis of opportunities
3.5 Porter’s five force analysis for the global audiological devices market
      3.5.1 Bargaining power of suppliers
      3.5.2 Bargaining power of buyers
      3.5.3 Threat of new entrants
      3.5.4 Threat of substitutes
      3.5.5 Competitive rivalry
3.6 Market Attractiveness Analysis

Chapter 4 Global Audiological Devices Market, by Product Type
4.1 Overview – Current Market Scenario and Future Market Trends
4.2 Comparative Analysis: Global Audiological Devices Market, by Product Type, 2011 & 2018 (Value %)
4.3 Hearing Aids
      4.3.1 Behind-the-Ear (BTE) Aids
      4.3.2 Receiver-in-the-Ear Aids
      4.3.3 In-the-Ear (ITE) Aids
      4.3.4 Canal Hearing Aids (In-the-Canal(ITC), Completely-in-Canal(CIC) and Invisible-in-Canal (IIC))
4.4 Bone Anchored Hearing Aids (BAHA)
4.5 Cochlear Implants
4.6 Diagnostic devices
      4.6.1 Audiometers
      4.6.2 Tympanometers
      4.6.3 Otoscopes

Chapter 5 Global Audiological Devices Market, By Geography
5.1 Overview
5.2 Comparative Analysis: Global Audiological Devices Market, By Geography, 2011 & 2018 (Value %)
5.3 North America
      5.3.1 North America Audiological Devices Market, Size And Forecast, 2010 – 2018 (USD Million)
5.4 Europe
      5.4.1 Europe audiological devices market, size and forecast, 2010 – 2018 (USD Million)
5.5 Asia-Pacific
      5.5.1 Asia-Pacific Audiological Devices Market, Size And Forecast, 2010 – 2018 (USD Million)
5.6 Rest of the World
      5.6.1 Rest of the World (RoW) Audiological Devices, Market Size And Forecast, 2010 – 2018 (USD Million)

Chapter 6 Competitive Landscape
6.1 Market share by key players, 2011

Chapter 7 Recommendations
7.1 Market strategy for success
      7.1.1 Investing in emerging markets
      7.1.2 Conduct price containment measures
      7.1.3 Broadening of distribution network

Chapter 8 Company Profiles
8.1 Cochlear Limited
      8.1.1 Company overview
      8.1.2 Financial overview
      8.1.3 Product portfolio
      8.1.4 Strategic overview
      8.1.5 Recent developments
8.2 GN ReSound Group
      8.2.1 Company overview
               8.2.1.1 ReSound
               8.2.1.2 Beltone
               8.2.1.3 Interton
               8.2.1.4 GN Otometrics A/S
      8.2.2 Financial overview
      8.2.3 Product portfolio
      8.2.4 Strategic overview
      8.2.5 Recent developments
8.3 Siemens Healthcare
      8.3.1 Company overview
      8.3.2 Financial Overview
      8.3.3 Product portfolio
      8.3.4 Strategic overview
      8.3.5 Recent developments
8.4 Sonova Holding AG
      8.4.1 Company overview
               8.4.1.1 Unitron Hearing, Inc.
               8.4.1.2 Phonak AG
               8.4.1.3 Advanced Bionics, LLC
               8.4.1.4 Connect Hearing Group
      8.4.2 Financial overview
      8.4.3 Product portfolio
      8.4.4 Strategic overview
      8.4.5 Recent developments
8.5 Starkey Hearing Technologies
      8.5.1 Company overview
      8.5.2 Financial overview
      8.5.3 Product portfolio
      8.5.4 Strategic overview
      8.5.5 Recent developments
8.6 Widex A/S
      8.6.1 Company overview
      8.6.2 Financial overview
      8.6.3 Product portfolio
      8.6.4 Strategic overview
      8.6.5 Recent developments
8.7 William Demant Holding A/S
      8.7.1 Company overview
               8.7.1.1 Audiology Division
                          8.7.1.1.1 Bernafon AG
                          8.7.1.1.2 Oticon
                          8.7.1.1.3 Oticon Medical
                          8.7.1.1.4 Sonic
               8.7.1.2 Diagnostic Division
                          8.7.1.2.1 Amplivox Ltd.
                          8.7.1.2.2 Grason- Stadler, Inc.
                          8.7.1.2.3 Interacoustics A/S
                          8.7.1.2.4 MAICO Diagnostics GmbH
                          8.7.1.2.5 MedRX, Inc.
               8.7.1.3 Personal Communication
                          8.7.1.3.1 Phonic Ear A/S
                          8.7.1.3.2 Sennheiser Communications A/S
      8.7.2 Financial overview
      8.7.3 Product portfolio
               8.7.3.1 Bernafon AG
               8.7.3.2 Oticon A/S
               8.7.3.3 Oticon Medical
               8.7.3.4 Sonic
               8.7.3.5 Amplivox Ltd.
               8.7.3.6 Grason- Stadler, Inc.
               8.7.3.7 Interacoustics A/S
               8.7.3.8 MAICO Diagnostics GmbH
               8.7.3.9 MedRX, Inc.
      8.7.4 Strategic overview
      8.7.5 Recent developments

List of Figures

FIG. 1 Market Segmentation: Global Audiological Devices Market
FIG. 2 Global Audiological Devices Market, By Products, 2011 (USD Million)
FIG. 3 Global Audiological Devices Market, By Geography, 2011 (USD Million)
FIG. 4 Porter’s Five Force Analysis: Global Audiological Devices Market
FIG. 5 Market Attractive Analysis: Global Audiological Devices Market, By Geography, 2011
FIG. 6 Comparative Analysis: Global Audiological Devices Market, By Product Type, 2011 & 2018 (Value %)
FIG. 7 Global Behind-the-Ear Aids Market, Size And Forecast, 2010 – 2018 (USD Million)
FIG. 8 Global Receiver-in-the-Ear Aids Market, Size And Forecast, 2010 – 2018 (USD Million)
FIG. 9 Global In-the-Ear Aids Market, Size And Forecast, 2010 – 2018 (USD Million)
FIG. 10 Global Canal Hearing Aids Market, Size And Forecast, 2010 – 2018 (USD Million)
FIG. 11 Global Bone Anchored Hearing Aids Market, Size And Forecast, 2010 – 2018 (USD Million)
FIG. 12 Global Cochlear Implants Market, Size And Forecast, 2010 – 2018 (USD Million)
FIG. 13 Global Audiometers Market, Size And Forecast, 2010 – 2018 (USD Million)
FIG. 14 Global Tympanometers Market, Size And Forecast, 2010 – 2018 (USD Million)
FIG. 15 Global Otoscopes Market, Size And Forecast, 2010 – 2018 (USD Million)
FIG. 16 Comparative Analysis: Global Audiological Devices Market, By Geography, 2011 & 2018 (Value %)
FIG. 17 North America Audiological Devices Market, Size and Forecast, 2010 – 2018 (USD Million)
FIG. 18 Europe Audiological Devices Market, Size and Forecast, 2010 – 2018 (USD Million)
FIG. 19 Asia-Pacific Audiological Devices Market, Size and Forecast, 2010 – 2018 (USD Million)
FIG. 20 RoW Audiological Devices Market, Size and Forecast, 2010 – 2018 (USD Million)
FIG. 21 Market Share by Key Players, 2011 (%)
FIG. 22 Cochlear Limited: Annual Revenues, 2010 – 2012 (USD Million)
FIG. 23 Siemens Healthcare: Annual Revenues, 2010 – 2012 (USD Million)
FIG. 24 GN ReSound Group: Annual Revenues, 2010 – 2012 (USD Million) (Conversion Rate: 1DKK= 0.18 USD)
FIG. 25 Sonova Holding AG: Annual Revenues, 2010 – 2012 (USD Million)
FIG. 26 William Demant Holding A/S: Annual Revenues, 2010 – 2012 (USD Million)

List of Tables

TABLE 1 Market Snapshot: Global Audiological Devices Market
TABLE 2 Global Hearing Aids Market, Size and Forecast, 2010 – 2018 (USD Million)
TABLE 3 Global Diagnostic Devices Market, Size and Forecast, 2010 – 2018 (USD Million)
TABLE 4 Global Hearing Aids Market, Size and Forecast, by Geography, 2010 – 2018 (USD Million)

Enquiry Before Buying


Free Market Analysis


Audiological devices are used for the study of hearing, and are used by audiologists for the diagnosis and treatment of hearing loss. The audiology devices market has witnessed impressive growth in the past decade, the prime reason being increased adoption of digital technology in every aspect of product design and development of audiological devices.

Age-related hearing loss is attributed to the normal aging process and other demographic factors such as environmental conditions and occupation. In addition, an individual’s genetic predisposition can also be considered as a significant factor contributing to hearing impairment. Growth in population aged 60 years and above is expected to be the major growth driver for the audiology devices market. According to the estimates made by the World Health Organization (WHO), by the year 2015, approximately 1.2 billion people globally will be over the age of 60. The U.S. National Institute on Deafness and Other Communication Disorders (NIDCD) projects that hearing impairment affects 314 per 1000 American population aged 65 years and above. 

With the advent of virtually invisible and compact hearing aid systems, audiology devices are expected to become ubiquitous consumer electronics in the future. The progress of hearing aids thus depends on industrial innovations either in incremental or radical steps. Incremental advances are easy to identify as these involve progressions and advancements in the existing technologies, whereas radical changes are unpredictable as they involve introduction of a new concept and technology which has not been used earlier. Early and efficient diagnosis of hearing impairment ensures effective treatment measures to enhance the hearing capacity of the patient. Some of the most commonly used diagnostic audiology devices are audiometers, otoscopes and tympanometers. Audiometers are the most popular devices used by audiologists and are used for primary investigation of hearing impairment. Occurrence of severe forms of hearing impairment is usually due to factors such as chronic ear infection and genetic predisposition. 

Dominance of digital technology facilitates perpetual product modifications in hearing devices resulting in the development of highly compact and efficient hearing aids. Digital hearing aids have taken over their analog counterparts due to their high performance efficiency. The major types of hearing aids include Behind-the-Ear (BTE), Receiver-in-the-Ear (RITE), In-the-Canal (ITE) and canal hearing aids such as Invisible-in-the-Canal aids and Completely-in-Canal systems. Behind-the-Ear and In-the-Ear aids are the most popular types of hearing aids due to their ease of use, efficiency in treating a wide extent of hearing loss, comfort level, connectivity and cosmetic preferences of consumers. BTE hearing aids are majorly preferred by elderly patients due to their ease in handling and cleaning compared to ITE devices. Rise in aging population contributes to the high prevalence of hearing impairments.

Geographically, Europe dominates the global audiological devices market. As majority of the prime players in the market are domiciled in Western Europe, many products get first introduced in this region. Technological innovation, growing incidence of hearing impairment and the shift in the preferences of consumers towards use of less visible hearing aids drives the market for audiology devices Europe. Healthcare reforms, technological development, aging population, developing healthcare infrastructure and high prevalence of deafness are the major factors which drive the Asia-Pacific market for audiological devices.

global-audiological-devices-market-by-products-2011
 

To get discount on this report, just click on the button below.

To receive brochure, please click on the button below.

Share This Market Study!  

Upcoming Report

Payment
Copyright @ Transparency Market Research