Audiology Devices Market Is Expected to Be Worth $9,542.3 Million By 2020

January 30, 2015 in Community News

 

 

NASDAQ – Report By Grand View Research, Inc.

San Francisco, California, Jan. 29, 2015 (GLOBE NEWSWIRE) — The global market for audiology devices 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.

Access full research report on the 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.

Further key findings from the study read more . . .

– See more at: http://globenewswire.com/news-release/2015/01/29/701075/10117642/en/Audiology-Devices-Market-Is-Expected-to-Be-Worth-9-542-3-Million-By-2020-New-Report-By-Grand-View-Research-Inc.html#sthash.kyeI1pME.dpuf