Healthcare Industry Audiology Devices Market Forecasts to 2024 | Page 2

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future in-canal aids. Major end-users of audiology devices are audiologists, service providers, and the healthcare sector. Browse Full Report with TOC @ https://www.hexaresearch.com/researchreport/audiology-devices-industry Hearing aids was the leading product of the market in 2015. It generated more than 60% revenue on account of its user-friendliness and high comfort. BTE aids had the largest share (55%) of the market in 2015. Cochlear implants are predicted to see major growth due to its effectiveness. Demand for canal hearing aids is projected to drive market demand in the coming years. Asia Pacific, Europe, North America, and RoW (Rest of the World) comprise as major geographical regions of the market. North America dominated the audiology devices market in 2015 owing to superior healthcare infrastructure and high disposable incomes. Europe accounted over 40% revenue shares in the same year. Asia Pacific is predicted to display a CAGR above 7% over the forecast period. Largely untapped markets in India and China will aid in market growth. Reputed global vendors of the audiology devices market are NHC/Amplifon, Duracell, Sophono (Medtronic), and Starkey Hearing Technologies. They employ strategies of mergers, acquisitions, alliances and partnerships in order to stay competitive. Main challenges faced by these players are lowered prices and increased shelf life of these products. A clear policy regarding fair trade practices can create new pathways. Browse Related Category Market Reports @ https://www.hexaresearch.com/researchcategory/medical-devices-industry Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/