(PharmaNewsWire.Com, January 18, 2017 ) Hearing aids and implants is witnessing growth on account of growing incidences of hearing loss globally where developed economies including North America and Europe are the major markets due to higher adoption rate whereas emerging economies such as Asia Pacific and Latin America are witnessing rapid growth driven by high per capita expenditure.
Rise in the aging population giving rise to increasing incidences of hearing loss combined with higher Internet savvy adult population leading active lifestyles. However, limited reimbursement coverage mainly in developing countries is supressing the growth of hearing aids and implants market, resulting in higher out of pocket expenses of patients.
Technological improvements in hearing implants is growing mainly among the increasing paediatric population whereas expansion of retail channel is giving rise to quick availability and wide range of portfolio driven by the private purchasing of hearing aids.
The objective of the research is to present the historical growth (2011-2015) and the future projections (2016-2021) of the global hearing aids and implants market (global, regional, country-specific) by various segments (Hearing Aids and their sub-types: Behind-The-Ear (BTE), In-The-Ear (ITE), Receiver In-The-Ear(RITE), In-The-Canal(ITC), Completely-In-The-Canal (CIC), Others and Hearing Implants and their sub-types : Cochlear Implant, Other Implants, By End Purchase: Independent Purchase, Retail, Buying Groups/Wholesale, Government). Historical market trend of contact catering has been figured out through secondary research (associations, annual reports, magazines, journals) and by various paid databases. For presenting the dynamics of the industry and future projections, primary research was conducted and experts from the industry were interviewed.
3. Strategic Recommendations 3.1. Leverage the High Growth Cochlear Implants Segment 3.2. Shifting Demand towards In-The-Canal Hearing Aids 3.3. Expansion towards the Retail Segment 3.4. APAC Market To Gain Traction
4. Global Hearing Aids and Implants Market: An Overview 4.1. Product Overview 4.1.1. Global Hearing Aids and Implants Market, By Value 2011-2015 4.1.2. Global Hearing Aids and Implants Market, By Value 2016-2021F 4.2. Global Hearing Aids and Implants Market: By Type (Hearing Aids, Hearing Implants)Global Hearing Aids Market 4.2.1. By Value (Historic 2011-15) 4.2.2. By Value ( Forecast 2016E-2021F)Global Hearing Implant Market 4.2.3. By Value (Historic 2011-15) 4.2.4. By Value (Forecast 2016E-2021F) 4.3. Global Hearing Aids Market Size By Sub-Type- BTE, ITE, RITE, ITC, Completely-In-The-Canal CIC 4.3.1. By Type - Actual (2016E) and 4.3.2. By Type - Forecast (2021F) 4.4. Global Hearing Implants Market Size By Sub-Type: Cochlear Implant, Other Implants 4.4.1. By Type - Actual (2016E) 4.4.2. By Type - Forecast (2021F)
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