Audiology Devices Market Size By Product 2016 - 2023

Autor/a: Global Market Insights
Año: 2016
Editorial: Global Market Insights, 2016
Tipo de código: Copyright
Soporte: Digital


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Growing prevalence of deafness coupled with an expanding global geriatric population base are the pivotal factors driving global audiology devices market size. WHO statistics suggest close to 15% of global adult population (betweenv15 to 64 years) and 32% of geriatric population (over the age of 65 years) are suffering from hearing loss of some degree. High prevalence, especially in emerging markets will be critical for industry evolution.

The industry is also witnessing increasing adoption and penetration rate of digital hearing aids market, and demand for aesthetically appealing devices.

A vast number of manufacturers have introduced aids that can be embedded deep in the ear, thus becoming visually hidden. The latest behind-the-ear products are being made available in such miniature sizes that they are not easily visible and are connected to the ear with thin and barely visible tubes.

Technology innovation, such as the introduction of Digital signal processing (DSP) should act as a catalyst for audiology device market size growth. DSP implementation has expanded applications, offering added benefits to hearing impaired population.

With strong innovation and R&D spend, digital wireless technology should open up potential opportunities for industry participants.  As wireless technology is becoming ubiquitous in the field of consumer electronics, it is indicated that even digital hearing aids with the incorporation of wireless technology could be connected to a wide range of audio products.