Audiology Devices Market Analysis & Forecast to 2025
Audiology Devices Market Size was valued at USD 7.8 billion in 2018 and is likely to
witness 5.7% CAGR from 2019 to 2025. Growing incidences of otic disorders will boost
the marketplace growth. Based on WHO, it is anticipated that by 2050 over 900 million
people will suffer with hearing loss.
North America dominated the Audiology Devices Market with a share of 42.2% in
2019. This really is attributable to the advancement in the audiology systems, an
increase in the amount of audiologists, and the introduction of innovative digital
platforms by current providers.
All users of the platform can communicate having an audiologist via video conference
and receive hearing aid without the necessity to visit a company or retail store. Basic
hearing aid devices perform inadequately in some public spaces. Hearing Assistive
Technology (HAT) eliminates the aftereffect of noise, distance, and reverberation by
utilizing frequency modulation, infrared, and induction loop systems.
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