Audiology Devices Industry to 2020 – Market Outlook, Industry Trends: Grand View Research, Inc.
New Market Research Reports Title “Audiology Devices Market Analysis Size and Segment Forecasts to 2020” Has Been Added to GrandViewResearch.com Report Database
The Global Audiology Devices Market is expected to reach USD 9,542.3 million by 2020, growing at an estimated CAGR of 5.0% from 2014 to 2020, according to a new study by Grand View Research, Inc. Introduction of technological advancements such as wireless devices, acceptance of these devices by the geriatric population along with increase in demand of cost-effective and efficient devices are some of the major drivers of this market. In addition, presence of untapped growth opportunities in emerging countries such as India, Brazil and China and the increasing health awareness are expected to serve this market as future growth opportunities.
Browse full research report on Global Audiology Devices Market: http://www.grandviewresearch.com/industry-analysis/audiology-devices-market
Hearing aids dominated the overall market in terms of revenue share at 64.1% in 2013. High comfort rendered by these products, enhanced connectivity and enhanced user friendliness are some of the factors attributing to its high usage rates and subsequently large market share.
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Further key findings from the study suggest:
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/medical-devices
For the purpose of this study, Grand View Research has segmented the audiology devices market on the basis of product, technology and region:
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