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Hearing Aid Devices - A Market Snapshot

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Hearing Aid Devices - A Market Snapshot Summary GlobalData’s report, “Hearing Aid Devices – A Market Sanpshot” provides key data, information and analysis on the global hearing aid devices market. The report provides market landscape, competitive landscape and market trends information on the hearing aid devices market. The report provides comprehensive information on the key trends affecting the market, and key analytical content on the market dynamics. The report also reviews the competitive landscape. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData’s team of industry experts. Scope - Key segments covered include Digital Signal Processing Hearing Aids and Analog Hearing Aids. - Annualized global market revenues data from 2003 to 2010, forecast forward for 7 years to 2017. Company shares data for 2010. - Qualitative analysis of key market trends, market drivers, and restraints by each category within hearing aid devices market. Reasons to buy - Develop business strategies by understanding the trends and developments that are driving the hearing aid devices market globally. - Design and develop your product development, marketing and sales strategies. - Develop market-entry and market expansion strategies. - Identify key players best positioned to take advantage of the emerging market opportunities. - Make more informed business decisions from the insightful and in-depth analysis of the global hearing aid devices market and the factors shaping it.

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									                                       Hearing Aid Devices - A Market Snapshot
        Reference Code: GDME0753VPT                                                                                                          Publication Date: May 2011


        1         Table of Contents                                                                  2       Summary
        1 Table of Contents.................................................................1        The global market for hearing aid devices was valued at $6.6
         1.1 List of Tables .................................................................1       billion in 2010, and is forecast to grow at a Compound Annual
         1.2 List of Figures ................................................................1       Growth Rate (CAGR) of 6% to reach $10 billion in 2017. The
        2 Summary .............................................................................1     market is expected to be driven by the rapid increase in the
        3 Hearing Aid Devices: A Market Snapshot ............................2                       elderly population, increase in the prevalence of acquired
         3.1 Overview of Hearing Aid Devices ..................................2
                                                                                                     hearing loss among people, technological innovations in the
         3.2 Hearing Aid Devices Market, Global, Revenue ($m),
              2010–2017 ....................................................................2        hearing aid devices, government initiatives, and increase in the
         3.3 Hearing Aid Devices, Key Trends..................................3                      usage of binaural hearing aids.
         3.4 Hearing Aid Devices, Market Drivers .............................4
         3.5 Hearing Aid Devices, Market Restraints ........................5                        The US hearing aid devices market was valued at $2.3 billion in
         3.6 Hearing Aid Devices Market, Global, Key Company                                         2010, and is expected to reach $3.5 billion in 2017, growing at a
              Shares (%), 2010 ..........................................................6           CAGR of 5.9% from 2010 to 2017. The US market remains the
        4 Appendix ..............................................................................6   largest hearing aid devices market. The market is expected to
         4.1 Research Methodology .................................................7                 be driven by the rapidly growing digital signal processing
         4.2 Secondary Research .....................................................7               hearing aids, and a trend of mass marketing in the US.
         4.3 Primary Research..........................................................7
         4.4 Models ...........................................................................7     In the US, there is a dramatic shift from hearing aid dispensers
         4.5 Forecasts.......................................................................7       to mass marketers. It is expected that the traditional channels
         4.6 Expert Panels ................................................................8         will lose market share to mass market channels. Mass
         4.7 GlobalData Consulting ..................................................8
                                                                                                     marketing will bring down prices of hearing aids and this will
         4.8 Contact Us.....................................................................8
         4.9 Disclaimer......................................................................8       result in greater availability of hearing aids and more choices for
                                                                                                     the patients.
                                                                                                     Most of the technologically advanced and innovative products in
        1.1       List of Tables                                                                     the hearing aid devices market are developed by the small
                                                                                                     players. These small companies have novel and superior
        Table 1:       Hearing Aid Devices Market, Global, Revenue ($m),
                       2010–2017 ...............................................................2    products in their pipeline, but they do not have enough
        Table 2:       Hearing Aid Devices Market, Global, Key Company                               resources to take these products to the commercialization
                       Revenues ($m), 2010 ...............................................6          stage. If these products reach the market at all then the
                                                                                                     companies do not have extensive distribution channels to make
                                                                                                     their products available globally. The big companies on the
                                                                                                     other hand acquire these small players, with potent pipelines
        1.2       List of Figures
                                                                                                     and products, to stay competent in the market. This has led to a
        Figure 1: Hearing Aid Devices Market, Global, Revenue ($m),                                  consolidation trend in the market. Due to consolidation, the
                  2010–2017 ...............................................................2         market has become highly competitive and difficult to enter for
        Figure 2: Adoption Rate of Hearing Aids Among the Hearing
                                                                                                     the new companies.
                  Impaired, the UK, Germany, France and the US,
                  2009 .........................................................................3
        Figure 3: Hearing Aid Devices Market, Global, Key Company
                  Shares (%), 2010......................................................6




 
								
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