The global audiological devices market is growing significantly due tointroduction of waterproof and wireless hearing aids, increasing need for aesthetically fabricated hearing aids, and increasing government initiatives to provide better healthcare services in the industry. Massive unexplored market in audiological devices industry of developing economies are creating ample opportunities for the audiological devices market to grow at a considerable rate during the forecasted years.In addition, increasing adoption of digital technology in developing and designing hearing aid is also expected to support the growth of the market in the coming years. Explore more or request TOC on Global Audiological Devices Market at: https://www.psmarketresearch.com/market-analysis/audiological-devices-market

1. GLOBAL INDUSTRY INSIGHT:
Audiological Devices Market Size, Share, Development, Growth and
Demand Forecast to 2020

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Global Audiological Devices Market Size, Share, Development,
Growth and Demand Forecast to 2020
The global audiological devices market is growing significantly due tointroduction of waterproof and wireless
hearing aids, increasing need for aesthetically fabricated hearing aids, and increasing government initiatives to
provide better healthcare services in the industry. Massive unexplored market in audiological devices industry of
developing economies are creating ample opportunities for the audiological devices market to grow at a
considerable rate during the forecasted years.In addition, increasing adoption of digital technology in developing
and designing hearing aid is also expected to support the growth of the market in the coming years. Further, the
advanced research and development facilities, and new and innovative product developments by the companies
are propelling the growth of the audiological devices industry.
Explore more or request TOC on Global Audiological Devices Market at:
https://www.psmarketresearch.com/market-analysis/audiological-devices-market
Hearing impairment is usually due to genetic predisposition and chronic ear infection. Increasing prevalence of
hearing problems is also fueling the growth of the market in the coming years. According to World Health
Organization, globally approximately 360 million people were disabled with hearing loss in 2012. Audiological
devices are hearing aids used for the diagnosis and treatment of hearing impairment and balance problems. An
audiological device comprises microphone, speaker and amplifiers.
On the basis of product type of audiological devices, the market can be categorized as hearing aids, diagnostic
devices, bone anchored hearing aids, and cochlear implants. Hearing aids lead the market in terms of market
size, as it is user friendly and comfortable; whereas, cochlear implants are expected to grow at a faster rate in the
coming years due to technological advancement.
Types of hearing aids include receiver-in-the-ear aids, behind-the-ear (BTE) aids, canal hearing aids (in-the-
canal, completely-in-canal, and invisible-in-canal), in-the-ear (ITE) aids, and others. Behind-the-ear aid is the
most popular hearing aid, as it is efficient in treating wide extend of hearing loss and is majorly preferred by
elderly people due to its easiness to handle and clean. In addition, diagnostic devices include audiometers,
tympanometers, and otoscopes. Audiometers are the most preferred device used by audiologists for investigation
of hearing impairment.
Some of the factors driving the growth of the global audiological devices market are increasing prevalence of
deafness, increasing healthcare expenditure, increasing demand for technologically advance hearing devices,
and increasing prevalence of age-related hearing impairment.In addition, rise in geriatric population, improved
healthcare infrastructure, and increasing cosmetic demand of hearing aids are also some of the factors fuelling
the growth of the global audiological devices market. However, high cost of surgery and social stigma associated
with the appearance of audiological device are some of the factors restraining the growth of the global
audiological devices market to some extent.

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Global Audiological Devices Market Size, Share, Development,
Growth and Demand Forecast to 2020
Geographically, Europewill be leading the global audiological devices market in the coming years, due to
propitious reimbursement policies, increasing government support and introduction of innovative products. Asia-
Pacific is the fastest growing region in the global audiological devices market. The major reasons for the fastest
growth of audiological devices market in the region are increasing healthcare expenditure, large pool of patients,
increasing government support, improving healthcare infrastructure, and increasing incidence of deafness in the
region. Moreover, the audiological devices market is growing due to increasing awareness of healthcare in the
emerging countries, such as India and China, of Asia-Pacific region.
Browse related market research at: https://www.psmarketresearch.com/industry-report/medical-devices
Some of the companies operating in the global audiological devices market are Siemens Healthcare, Cochlear
Limited, Widex A/S, Bernafon, Sonova Holdings AG, SeboTek Haring Systems, GN ReSound Group, William
Demant Holding A/S, Beltone, and Starkey Hearing Technologies.
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Global Audiological Devices Market Size, Share, Development,
Growth and Demand Forecast to 2020
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