Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Global Hearing Aid Market Report: 2014 Edition – New Report by Koncept Analytics

851 views

Published on

The report on global hearing aid market contains a comprehensive analysis. For more mail: vikas@konceptanalytics.com

Published in: Business
  • Be the first to comment

  • Be the first to like this

Global Hearing Aid Market Report: 2014 Edition – New Report by Koncept Analytics

  1. 1. View Report Details Global Hearing Aid Market Report ----------------------------------------- 2014
  2. 2. Executive Summary View Report Details People are said to suffer from hearing loss when they have diminished sensitivity to the sounds that are normally heard by others. In speech frequencies, certain people have relative insensitivity to sound. Such situation is termed as hearing impairment. The increase in volume above the usual sound levels necessary before the listeners can detect it determines the severity of hearing loss. There are three types of hearing loss: Conductive, Sensorineural and Mixed hearing loss. The hearing losses according to the severity are classified into four types: Mild, Moderate, Severe and Profound hearing loss. The global hearing aid market has a unique mix of dynamism and moderate growth at the same time. The market is dynamic in terms of technological development and innovation while at the same time, it suffers from weaker growth. On the up side, the market is supported by full and/or partial reimbursement programs in most of the developed world, rising proportion of elderly population (especially across the OECD), increasing expenditure on healthcare on a global scale and rising prevalence of hearing loss. On the down side, rising out-of-pocket hearing aid expenditure, price pressure and lower social acceptance remain the chief challenges for the market. However, cochlear implants and bone-anchored hearing systems have emerged as the two bright spots within the hearing aid market. The report on global hearing aid market contains a comprehensive analysis of the global hearing instruments industry along with the study of the regional markets including the US, the UK, Japan, France, Germany and China while the focusing on the major segments. An intense competition is observed among few major players; Sonova, William Demant, Siemens, and GN ReSound; of the hearing aid industry. Moreover, competitive landscape in terms of geographical comparison, organic growth comparison, product portfolio comparison, along with company profiles of the leading players in the market is included in this report. By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
  3. 3. The global hearing aid market has been benefitting from rising prevalence of hearing loss across populations, generous reimbursement programs and increasing global expenditure on healthcare…  In 2013, global hearing aid market’s valuation totaled US$… billion, an increase of …% over 2012 and is expected to rise towards US$... billion by 2014.  In volume terms, global hearing aid market reached … million units in 2013, an increase of …% over 2012.  In 2011, … thousand cochlear implant units were sold which is expected to rise towards … thousand by 2016.  The bone-anchored hearing systems (BAHS) market has grown to an estimated US$... million in 2013 from US$... million in 2012.  Regionally,, the market is led by …… with a share of …% followed closely by ….with a share of …%. Other regions including Asia and Oceania account for …% and …% respectively. 2007 2008 2009 2010 2011 2012 2013 Global Hearing Instruments Market by Volume (2007-2013) US$ Billion Global Hearing Instruments Market by Value (2007-2013) Global Cochlear Implants Market by Volume (2011-2016E) 2011 2012 2013 2014E 2015E 2016E Thousand 2007 2008 2009 2010 2011 2012 2013 Million
  4. 4. Moreover, the global market is also being supported by improving global macro-economic conditions accompanied by a waning price responsiveness at large and a rising elderly population …  In 2013, the US hearing aid market increased by …% to … million units as against 2012 level of … million units.  The US Veteran Affairs (VA) program increased sales increased to … million in second quarter of 2014, up by …% against the same quarter of previous year and accounted for …% of the domestic market.  The UK recorded an increase of …% in its hearing aid market volume to … million units in 2013 compared to … million in 2012.  The government–sponsored National Health Service (NHS) program in the UK increased its share of the overall market share by …% and accounted for …% of the overall domestic market in 2013.  The German hearing aid market volume increased to … thousand units in 2013, up by …% on a year-on-year basis. US Hearing Aid Market by Volume (2005-1H14) UK Hearing Aid Market by Volume (2005-2013) Hearing Aid Market by Volume, Germany (2005-2013) 2005 2006 2007 2008 2009 2010 2011 2012 2013 Million 2005 2006 2007 2008 2009 2010 2011 2012 2013 Thousand 2005 2006 2007 2008 2009 2010 2011 2012 2013 1H14 Million
  5. 5. Latest industry developments including smartphone compatibility and streaming abilities are further enhancing the penetration levels… World Hearing Aid Market Forecast (2013-2017F) 2013 2014F 2015F 2016F 2017F US$ Billion • The global hearing aid market is forecasted to grow at a CAGR of ….% and is forecasted to reach US$... billion by 2017. • Rising proportion of aged population, rising economic prosperity, waning price sensitiveness, rising prevalence of hearing-loss, and increasing level of global expenditure on healthcare are likely to keep the global market buoyant in the medium term, • However, price pressures, changing reimbursements subject to budgetary settings and rising out-of-pocket expenditure are likely to act as the major obstacles for the market’s growth.
  6. 6. View Report Details These are abridged and sanitized sample pages from the comprehensive report on the “ Global Hearing Aid Market Report ”. To know more about this report or for any customized research requirement, please contact the following: Koncept Analytics CS-36, Second Floor, Ansal Plaza Vaishali, Ghaziabad, U.P. – 201010 T. +91-120-4130959 C: +91-9811715635 vikas@konceptanalytics.com Contact Us: www.konceptanalytics.com Vikas Gupta BD Manager

×