Global Audiology Devices Market, by Product Types (Hearing Aids, Cochlear Implants, BAHA/BAHS, Diagnostic Devices), By Technology (Digital Audiology Devices, Analog Audiology Devices), by Distribution Channel (Retail Sale, Government Purchases, & E-Commerce) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2019 and 2027.
As per the report, audiology devices refers to the devices which are mainly used to diagnose and to treat problems related to hearing or for hearing impairment. Hearing loss mainly occur in old age people and it is increasing with rapid growth rate. For instance, according to data published by WHO in March 2019, more than 466 million (which is 5% approx. of total world population) of population around the globe is suffering from hearing impairment or hearing loss. Out of these 466 million people, 34 million are children, and estimated to touch 900 million milestone by the end of the year 2050. According to the WHO, one third of population age more than 65 years are suffering from hearing impairment or hearing loss. According to Hearing Loss Association of America, more than 48 million population in the U.S. is suffering from some degree of hearing loss and more than 50 million U.S. population is experiencing tinnitus i.e. a condition in which person feels ringing in the year. According to NIH, around 10% of the U.S. population is experiencing tinnitus which last around 5 minutes and more than 28.8 million U.S. population can get benefits from the usage of hearing aids.
To know the latest insights, qualitative data, trends, quantitative data, and more related to global audiology devices market, For inquiry:
https://meridianmarketconsultants.com/global-audiology-devices-market
Furthermore, Meridian Market Consultants (MMC) Study identifies that, In terms of regional segmentation, market is segmented into six regions i.e. North America, Latin America, Asia Pacific, Europe, Middle East, and Africa.
MMC Study identifies some of the key participating players in audiology devices market globally are Demant A/S, GN Store Nord A/S, Sonova, Starkey Hearing Technologies, Siemens AG, WS Audiology A/S, Maico Audiological Services, Natus Medical Incorporated, MED-EL, MedRx, Tremetrics, Benson Medical Instruments, Medtronic, Ambco, MicroTech and others.
About Meridian Market Consultants:
Meridian Market Consultants (MMC) is committed to provide deep insights that serve as creative tool for the client that enables it to perform confidently in the market. At MMC we adhere to the client needs and regularly ponder to bring out more valuable and real outcomes for our customers. We are equipped with strategically enhanced group of researchers and analysts that redefines and stabilizes the business polarity in different categorical dimensions of the market.
