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 comprise of instruments used for the diagnosis and treatment of hearing impairment. This report studies the market for audiological devices from the point of view of the various product categories that are currently available in the market. The overall audiological devices market is classified into hearing aids, cochlear implants, bone anchored hearing aids and diagnostic devices. Each of these segments is further divided into different sub-segments based on the product type. The hearing aids segment includes major types of hearing aids namely, Behind-the-Ear aids, In-the-Ear aids, Receiver-in-the-Canal aids and In-the-Canal aids. Diagnostic devices include the prime hearing impairment diagnostic devices namely audiometers, otoscopes and tympanometers. The market size and forecast for the period 2010 – 2018, in terms of USD million, considering 2011 as the base year has been provided for each segment and sub-segment in the report. The compound annual growth rate (CAGR) for each segment has been provided for the forecast period from 2012 – 2018. 

Geographically, the market for global audiological devices has been classified into four regions -North America, Europe, Asia-Pacific and Rest of the World (RoW). The market size and forecast for each region along with their market growth rate has been highlighted. The market overview section of the report comprises of a qualitative analysis of the market in terms of drivers, restraints, and opportunities, along with Porter’s five forces analysis and market attractiveness analysis.

The report concludes with the competitive landscape and company profiles depicting the market share (%) of the major players in this industry, for the year 2011. The major market players profiled in this report include Sonova Holdings AG, William Demant Holdings A/S, GN ReSound Group, Siemens Healthcare, Starkey Hearing Technologies and Widex A/S.

The global audiological devices market is segmented as follows:

Audiological Devices Market, by Products 
  • Hearing aids
    • By type
      • Behind-the-Ear (BTE) aids
      • Receiver-in-the-Ear (RITE) aids
      • In-the-Ear (ITE) aids
      • Canal hearing aids [In-the-Canal (ITC), Completely-in-Canal (CIC) and Invisible-in-Canal (IIC)]
    • By technology
      • Analog hearing aids
      • Digital hearing aids
  • Cochlear implants
  • Bone anchored hearing aids
  • Diagnostic devices
    • Audiometers
    • Tympanometers
    • Otoscopes
Audiological Devices Market, by Geography
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW)

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)

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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
 

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