Hearing aids market
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Transcript of Hearing aids market
Hearing Aids Market, by Products (Hearing Aid Devices Hearing Implants) - Global
Revenue, Trends, Growth, Share, Size and
Forecast to 2022
November 2016
Table of Contents
1 MARKET OVERVIEW......................................................................................................................14
1.1 Definitions.............................................................................................................................14
1.2 Research Methodology .........................................................................................................15
1.3 Market Segmentation ...........................................................................................................17
2 Executive Summary.......................................................................................................................19
2.1.1 Global Hearing Aids Market – Executive Summary ......................................................20
2.1.2 Global Hearing Aids Market Size (US$ million), By Products ........................................21
2.1.3 Global Hearing Aids Market Size (US$ million), By Geography (2016 vs. 2022) ...........22
3 Market Dynamics ..........................................................................................................................24
3.1 Market Drivers ......................................................................................................................24
3.1.1 Gradual increase in the prevalence of hearing related problems surge the demand for hearing aid devices .......................................................................................................................24
3.1.2 Introduction of technologically advanced hearing aid devices ....................................24
3.1.3 Favorable government initiatives to increase hearing device access...........................25
3.1.4 Growing geriatric population globally...........................................................................25
3.2 Market Restraints .................................................................................................................26
3.2.1 High cost of hearing aid devices and implants..............................................................26
3.2.2 Presence of product substitutes ...................................................................................27
3.2.3 Lack of proper diagnostic methods...............................................................................27
3.3 Opportunities........................................................................................................................28
3.4 Premium Industry Trends .....................................................................................................28
4 Industry Analysis ...........................................................................................................................29
4.1 Value Chain Analysis .............................................................................................................29
4.2 Regulatory Analysis ...............................................................................................................30
4.3 Average Selling Price Analysis ...............................................................................................31
4.3.1 Average Selling Price Analysis, By Brands.....................................................................31
5 Global Hearing Aids Market, By Products.....................................................................................32
5.1 Overview ...............................................................................................................................32
5.1.1 Global Hearing Aids Market Share (%), By Products, 2016 & 2022 ..............................33
5.1.2 Global Hearing Aids Market Size (US$ million), By Products (2014 – 2022).................33
SAMPLE
5.1.3 Global Hearing Aids Market Size (US$ million), By Products, 2016 & 2022 .................34
5.2 Hearing Aid Devices ..............................................................................................................34
5.2.1 Global Hearing Aid Devices Market Share (%), By Types, 2016 & 2022 .......................35
5.2.2 Global Hearing Aid Devices Market Size (US$ million), By Types (2014 – 2022) ..........35
5.2.3 Global Hearing Aid Devices Market Size (US$ million), By Types, 2016 & 2022...........36
5.2.4 Receiver-In-The-Ear Hearing Aids .................................................................................36
5.2.5 Global Receiver-In-The-Ear Hearing Aids Market Share (%), By Regions, 2016 & 202237
5.2.6 Global Receiver-In-The-Ear Hearing Aids Market Size (US$ million), By Regions (2014 –2022) 37
5.2.7 Global Receiver-In-The-Ear Hearing Aids Market Size (US$ million), By Regions, 2016 & 2022 38
5.2.8 Behind-The-Ear (BTE) Hearing Aids...............................................................................38
5.2.9 Global Behind-The-Ear (BTE) Hearing Aids Market Share (%), By Regions, 2016 & 202239
5.2.10 Global Behind-The-Ear (BTE) Hearing Aids Market Size (US$ million), By Regions (2014 – 2022) 40
5.2.11 Global Behind-The-Ear (BTE) Hearing Aids Market Size (US$ million), By Regions, 2016 & 2022 40
5.2.12 Canal Hearing Aids ........................................................................................................41
5.2.13 Global Canal Hearing Aids Market Share (%), By Regions, 2016 & 2022......................41
5.2.14 Global Canal Hearing Aids Market Size (US$ million), By Regions (2014 – 2022).........42
5.2.15 Global Canal Hearing Aids Market Size (US$ million) By Regions, 2016 & 2022 ..........42
5.2.16 Others............................................................................................................................43
5.2.17 Global Others Hearing Aids Market Share (%), By Regions, 2016 & 2022....................43
5.2.18 Global Others Hearing Aids Market Size (US$ million), By Regions (2014 – 2022) ......44
5.2.19 Global Others Hearing Aids Market Size (US$ million), By Regions, 2016 & 2022 .......44
5.3 Hearing Implants...................................................................................................................45
5.3.1 Global Hearing Implants Market Share (%), By Types, 2016 & 2022............................45
5.3.2 Global Hearing Implants Market Size (US$ million), By Types (2014 – 2022) ..............46
5.3.3 Global Hearing Implants Market Size (US$ million), By Types, 2016 & 2022 ...............46
5.3.4 Cochlear Implants .........................................................................................................47
5.3.5 Global Cochlear Implants Market Share (%), By Regions, 2016 & 2022.......................47
SAMPLE
5.3.6 Global Cochlear Implants Market Size (US$ million), By Regions (2014 – 2022)..........48
5.3.7 Global Cochlear Implants Market Size (US$ million), By Regions, 2016 & 2022 ..........48
5.3.8 Bone-Anchored Systems ...............................................................................................49
5.3.9 Global Bone-Anchored Systems Market Share (%), By Regions, 2016 & 2022.............49
5.3.10 Global Bone-Anchored Systems Market Size (US$ million), By Regions (2014 – 2022)50
5.3.11 Global Bone-Anchored Systems Market Size (US$ million), By Regions, 2016 & 2022 50
6 Global Hearing Aids Market, by End-Users...................................................................................51
6.1 Overview ...............................................................................................................................51
6.1.1 Global Hearing Aids Market Share (%), By End-Users, 2016 & 2022............................51
6.1.2 Global Hearing Aids Market Size (US$ million), By End-Users (2014 – 2022)...............52
6.1.3 Global Hearing Aids Market Size (US$ million), By End-Users, 2016 & 2022 ...............52
6.2 Adults ....................................................................................................................................53
6.2.1 Global Hearing Aids used by Adults Market Share (%), By Regions, 2016 & 2022 .......53
6.2.2 Global Hearing Aids used by Adults Market Size (US$ million), By Regions (2014 –2022) 54
6.2.3 Global Hearing Aids used by Adults Market Size (US$ million), By Regions, 2016 & 2022 54
6.3 Pediatrics...............................................................................................................................55
6.3.1 Global Hearing Aids used by Pediatrics Market Share (%), By Regions, 2016 & 2022..55
6.3.2 Global Hearing Aids used by Pediatrics Market Size (US$ million), By Regions (2014 –2022) 56
6.3.3 Global Hearing Aids used by Pediatrics Market Size (US$ million), By Regions, 2016 & 2022 56
7 Global Hearing Aids Market, By Geography .................................................................................57
7.1 Overview ...............................................................................................................................57
7.1.1 Global Hearing Aids Market Share (%), By Geography, 2016 & 2022...........................57
7.1.2 Global Hearing Aids Market Size (US$ million), By Geography (2014 – 2022) .............58
7.1.3 Global Hearing Aids Market Size (US$ million), By Geography, 2016 & 2022 ..............58
7.2 North America.......................................................................................................................59
7.2.1 North America Hearing Aids Market Share (%), By Country, 2016 & 2022 ..................59
7.2.2 North America Hearing Aids Market Size (US$ million), By Country (2014 – 2022).....60
7.2.3 North America Hearing Aids Market Size (US$ million), By Country, 2016 & 2022......60
SAMPLE
7.2.3.1 U.S. . ..........................................................................................................................61
7.2.3.1.1 Hearing Aids in U.S., Market Size (US$ million) and Y-o-Y Growth (%) ..............61
7.2.3.2 Canada ......................................................................................................................61
7.2.3.2.1 Hearing Aids Market in Canada, Market Size (US$ million) and Y-o-Y Growth (%)61
7.2.4 North America Hearing Aids Market Share (%), By Products, 2016 & 2022.................61
7.2.5 North America Hearing Aids Market Size (US$ million), By Products (2014 – 2022) ...62
7.2.6 North America Hearing Aids Market Size (US$ million), By Products, 2016 & 2022 ....62
7.2.7 North America Hearing Aids Market Share (%), By End-Users, 2016 & 2022...............63
7.2.8 North America Hearing Aids Market Size (US$ million), By End-Users (2014 – 2022) .63
7.2.9 North America Hearing Aids Market Size (US$ million), By End-Users, 2016 & 2022 ..64
7.3 Europe...................................................................................................................................64
7.3.1 Europe Hearing Aids Market Share (%), By Country, 2016 & 2022 ..............................65
7.3.2 Europe Hearing Aids Market Size (US$ million), By Country (2014 – 2022) .................66
7.3.3 Europe Hearing Aids Market Size (US$ million), By Country, 2016 & 2022..................66
7.3.3.1 Germany....................................................................................................................67
7.3.3.1.1 Hearing Aids Market in Germany, Market Size (US$ million) and Y-o-Y Growth (%) 67
7.3.3.2 France........................................................................................................................67
7.3.3.2.1 Hearing Aids Market in France, Market Size (US$ million) and Y-o-Y Growth (%)67
7.3.3.3 Rest of the Europe ....................................................................................................67
7.3.3.3.1 Hearing Aids Market in Rest of the Europe, Market Size (US$ million) and Y-o-Y Growth (%) ............................................................................................................................67
7.3.4 Europe Hearing Aids Market Share (%), By Products, 2016 & 2022.............................68
7.3.5 Europe Hearing Aids Market Size (US$ million), By Products (2014 – 2022)................68
7.3.6 Europe Hearing Aids Market Size (US$ million), By Products, 2016 & 2022 ................69
7.3.7 Europe Hearing Aids Market Share (%), By End-Users, 2016 & 2022...........................69
7.3.8 Europe Hearing Aids Market Size (US$ million), By End-Users (2014 – 2022)..............70
7.3.9 Europe Hearing Aids Market Size (US$ million), By End-Users, 2016 & 2022 ..............70
7.4 Asia-Pacific ............................................................................................................................71
7.4.1 Asia-Pacific Hearing Aids Market Share (%), By Country, 2016 & 2022.......................72
SAMPLE
7.4.2 Asia-Pacific Hearing Aids Market Size (US$ million), By Country (2014 – 2022) ..........72
7.4.3 Asia-Pacific Hearing Aids Market Size (US$ million), By Country, 2016 & 2022...........73
7.4.3.1 India...........................................................................................................................73
7.4.3.1.1 Hearing Aids Market in India, Market Size (US$ million) and Y-o-Y Growth (%) 73
7.4.3.2 China .........................................................................................................................74
7.4.3.2.1 Hearing Aids Market in China, Market Size (US$ million) and Y-o-Y Growth (%)74
7.4.3.3 Rest of the Asia-Pacific..............................................................................................74
7.4.3.3.1 Hearing Aids Market in Rest of the Asia-Pacific, Market Size (US$ million) and Y-o-Y Growth (%)......................................................................................................................74
7.4.4 Asia-Pacific Hearing Aids Market Share (%), By Products, 2016 & 2022 ......................75
7.4.5 Asia-Pacific Hearing Aids Market Size (US$ million), By Products (2014 – 2022).........75
7.4.6 Asia-Pacific Hearing Aids Market Size (US$ million), By Products, 2016 & 2022..........76
7.4.7 Asia-Pacific Hearing Aids Market Share (%), By End-Users, 2016 & 2022 ....................76
7.4.8 Asia-Pacific Hearing Aids Market Size (US$ million), By End-Users (2014 – 2022).......77
7.4.9 Asia-Pacific Hearing Aids Market Size (US$ million), By End-Users, 2016 & 2022........77
7.5 Rest of the World..................................................................................................................78
7.5.1 Rest of the World Hearing Aids Market Share (%), By Country, 2016 & 2022 .............78
7.5.2 Rest of the World Hearing Aids Market Size (US$ million), By Country (2014 – 2022) 79
7.5.3 Rest of the World Hearing Aids Market Size (US$ million), By Country, 2016 & 2022.79
7.5.3.1 Latin America ............................................................................................................80
7.5.3.1.1 Hearing Aids Market in Latin America, Market Size (US$ million) and Y-o-Y Growth (%) ............................................................................................................................80
7.5.3.2 Middle East and Africa ..............................................................................................80
7.5.3.2.1 Hearing Aids Market in Middle East and Africa, Market Size (US$ million) and Y-o-Y Growth (%)......................................................................................................................80
7.5.4 Rest of the World Hearing Aids Market Share (%), By Products, 2016 & 2022 ............81
7.5.5 Rest of the World Hearing Aids Market Size (US$ million), By Products (2014 – 2022)81
7.5.6 Rest of the World Hearing Aids Market Size (US$ million), By Products, 2016 & 202282
7.5.7 Rest of the World Hearing Aids Market Share (%), By End-Users, 2016 & 2022..........82
7.5.8 Rest of the World Hearing Aids Market Size (US$ million), By End-Users (2014 – 2022)83
SAMPLE
7.5.9 Rest of the World Hearing Aids Market Size (US$ million), By End-Users, 2016 & 202283
8 Competitive Landscape.................................................................................................................84
8.1 Market Share Analysis...........................................................................................................84
8.2 Key Innovators ......................................................................................................................86
8.2.1 Oticon, Inc. . ..................................................................................................................86
8.2.2 Hansaton Akustik GmbH ...............................................................................................87
9 Key Market Players .......................................................................................................................88
9.1 Cochlear Ltd. .........................................................................................................................88
9.1.1 Overview .......................................................................................................................88
9.1.2 Key Strategies................................................................................................................88
9.1.2.1 New Product Development.......................................................................................88
9.1.2.2 Product Approval ......................................................................................................89
9.1.3 Recent Developments...................................................................................................89
9.2 Sivantos Pte. Ltd....................................................................................................................90
9.2.1 Overview .......................................................................................................................90
9.2.2 Key Strategies................................................................................................................90
9.2.2.1 Strategic mergers and acquisitions...........................................................................90
9.2.2.2 New Product Development.......................................................................................90
9.2.3 Recent Developments...................................................................................................91
9.3 Sonova Holding AG................................................................................................................92
9.3.1 Overview .......................................................................................................................92
9.3.2 Key Strategies................................................................................................................92
9.3.2.1 Acquisitions...............................................................................................................92
9.3.2.2 New Product Development.......................................................................................92
9.3.2.3 U.S. FDA Approval .....................................................................................................92
9.4 GN Hearing............................................................................................................................93
9.4.1 Overview .......................................................................................................................93
9.4.2 Key Strategies................................................................................................................93
9.4.2.1 Strategic Acquisitions................................................................................................93
9.4.2.2 Divestment................................................................................................................93
SAMPLE
9.4.2.3 New Product Development.......................................................................................93
9.4.3 Recent Developments...................................................................................................94
9.5 Starkey Hearing Technologies...............................................................................................95
9.5.1 Overview .......................................................................................................................95
9.5.2 Key Strategies................................................................................................................95
9.5.2.1 New Product Launch.................................................................................................95
9.5.3 Recent Developments...................................................................................................95
9.6 Widex A/S..............................................................................................................................96
9.6.1 Overview .......................................................................................................................96
9.6.2 Key Strategies................................................................................................................96
9.6.2.1 New Product Development.......................................................................................96
9.6.3 Recent Developments...................................................................................................96
9.7 William Demant Holding A/S ................................................................................................97
9.7.1 Overview .......................................................................................................................97
9.7.2 Key Strategies................................................................................................................97
9.7.2.1 Mergers and Acquisitions.........................................................................................97
9.7.2.2 Market Expansion .....................................................................................................97
9.7.3 Recent Developments...................................................................................................97
10 Scalar 360 Degree Market Perspective.........................................................................................99
11 Appendix .....................................................................................................................................100
11.1 Acronyms ............................................................................................................................100SAMPLE
List of Tables
Table 1. Definitions.........................................................................................................................14
Table 1. Global Hearing Aids Market – Executive Summary ..........................................................20
Table 2. Impact Analysis: Global Hearing Aids Market Drivers ......................................................26
Table 3. Impact Analysis: Global Hearing Aids Market Restraints..................................................27
Table 4. Average Selling Price, By Brands: Global Hearing Aids Market ........................................31
Table 5. Global Hearing Aids Market Size (US$ million), By Products (2014 – 2022).....................33
Table 6. Global Hearing Aid Devices Market Size (US$ million), By Types (2014 – 2022) ..............35
Table 7. Global Receiver-In-The-Ear Hearing Aids Market Size (US$ million), By Regions (2014 –2022) 37
Table 8. Global Behind-The-Ear (BTE) Hearing Aids Market Size (US$ million), By Regions (2014 –2022) 40
Table 9. Global Canal Hearing Aids Market Size (US$ million), By Regions (2014 – 2022).............42
Table 10. Global Others Hearing Aids Market Size (US$ million), By Regions (2014 – 2022) ..........44
Table 11. Global Hearing Implants Market Size (US$ million), By Types (2014 – 2022) ..................46
Table 12. Global Cochlear Implants Market Size (US$ million), By Regions (2014 – 2022)..............48
Table 13. Global Bone-Anchored Systems Market Size (US$ million), By Regions (2014 – 2022) ...50
Table 14. Global Hearing Aids Market Size (US$ million), By End-Users (2014 – 2022)...................52
Table 15. Global Hearing Aids used by Adults Market Size (US$ million), By Regions (2014 – 2022)54
Table 16. Global Hearing Aids used by Pediatrics Market Size (US$ million), By Regions (2014 –2022) 56
Table 17. Global Hearing Aids Market Size (US$ million), By Geography (2014 – 2022) .................58
Table 18. North America Hearing Aids Market Size (US$ million), By Country (2014 – 2022).........60
Table 19. Hearing Aids in U.S., Market Size (US$ million) and Y-o-Y Growth (%).............................61
Table 20. Hearing Aids Market in Rest of Canada, Market Size (US$ million) and Y-o-Y Growth (%)61
Table 21. North America Hearing Aids Market Size (US$ million), By Products (2014 – 2022) .......62
Table 22. North America Hearing Aids Market Size (US$ million), By End-Users (2014 – 2022) .....63
Table 23. Europe Hearing Aids Market Size (US$ million), By Country (2014 – 2022) .....................66
Table 24. Hearing Aids Market in Germany, Market Size (US$ million) and Y-o-Y Growth (%) .......67
Table 25. Hearing Aids Market in France, Market Size (US$ million) and Y-o-Y Growth (%) ...........67
SAMPLE
Table 26. Hearing Aids Market in Rest of the Europe, Market Size (US$ million) and Y-o-Y Growth (%) 67
Table 27. Europe Hearing Aids Market Size (US$ million), By Products (2014 – 2022)....................68
Table 28. Europe Hearing Aids Market Size (US$ million), By End-Users (2014 – 2022)..................70
Table 29. Asia-Pacific Hearing Aids Market Size (US$ million), By Country (2014 – 2022) ..............72
Table 30. Hearing Aids Market in India, Market Size (US$ million) and Y-o-Y Growth (%) ..............73
Table 31. Hearing Aids Market in China, Market Size (US$ million) and Y-o-Y Growth (%) .............74
Table 32. Hearing Aids Market in Rest of the Asia-Pacific, Market Size (US$ million) and Y-o-Y Growth (%) 74
Table 33. Asia-Pacific Hearing Aids Market Size (US$ million), By Products (2014 – 2022).............75
Table 34. Asia-Pacific Hearing Aids Market Size (US$ million), By End-Users (2014 – 2022)...........77
Table 35. Rest of the World Hearing Aids Market Size (US$ million), By Country (2014 – 2022) ....79
Table 36. Hearing Aids Market in Latin America, Market Size (US$ million) and Y-o-Y Growth (%) 80
Table 37. Hearing Aids Market in Middle East and Africa, Market Size (US$ million) and Y-o-Y Growth (%) 80
Table 38. Rest of the World Hearing Aids Market Size (US$ million), By Products (2014 – 2022)...81
Table 39. Rest of the World Hearing Aids Market Size (US$ million), By End-Users (2014 – 2022).83
Table 40. Key Innovators: Global Hearing Aids Market....................................................................86
Table 41. Cochlear Ltd. – Company Overview..................................................................................88
Table 42. Sivantos Pte. Ltd. – Company Overview ...........................................................................90
Table 43. Sonova Holding AG – Company Overview ........................................................................92
Table 44. GN Hearing – Company Overview.....................................................................................93
Table 45. Starkey Hearing Technologies – Company Overview .......................................................95
Table 46. Widex A/S – Company Overview ......................................................................................96
Table 47. William Demant Holding A/S – Company Overview .........................................................97
Table 48. List of Acronyms..............................................................................................................100
SAMPLE
List of Figures
Figure 1. Research Methodology .....................................................................................................16
Figure 2. Global Hearing Aids Market, By Products.........................................................................17
Figure 3. Global Hearing Aid Devices Market, By Types ..................................................................17
Figure 4. Global Hearing Implants Market, By Types.......................................................................17
Figure 5. Global Hearing Aids Market, By End-Users.......................................................................17
Figure 6. Global Hearing Aids Market, By Regions...........................................................................18
Figure 1. Global Hearing Aids Market Size (US$ million), By Products ............................................21
Figure 2. Global Hearing Aids Market Size (US$ million), By Geography (2016 vs. 2022) ...............22
Figure 3. Value chain analysis: Global Hearing Aids Market............................................................29
Figure 4. Regulatory Framework Structure: Global Hearing Aids Market .......................................30
Figure 5. Global Hearing Aids Market Share (%), By Products, 2016 & 2022 ..................................33
Figure 6. Global Hearing Aids Market Size (US$ million), By Products, 2016 & 2022 .....................34
Figure 7. Global Hearing Aid Devices Market Share (%), By Types, 2016 & 2022 ...........................35
Figure 8. Global Hearing Aid Devices Market Size (US$ million), By Types, 2016 & 2022...............36
Figure 9. Global Receiver-In-The-Ear Hearing Aids Market Share (%), By Regions, 2016 & 2022...37
Figure 10. Global Receiver-In-The-Ear Hearing Aids Market Size (US$ million), By Regions, 2016 & 2022 38
Figure 11. Global Behind-The-Ear (BTE) Hearing Aids Market Share (%), By Regions, 2016 & 202239
Figure 12. Global Behind-The-Ear (BTE) Hearing Aids Market Size (US$ million), By Regions, 2016 & 2022 40
Figure 13. Global Canal Hearing Aids Market Share (%), By Regions, 2016 & 2022......................41
Figure 14. Global Canal Hearing Aids Market Size (US$ million), By Region, By Regions, 2016 & 2022 42
Figure 15. Global Others Hearing Aids Market Share (%), By Regions, 2016 & 2022....................43
Figure 16. Global Others Hearing Aids Market Size (US$ million), By Regions, 2016 & 2022 .......44
Figure 17. Global Hearing Implants Market Share (%), By Types, 2016 & 2022............................45
Figure 18. Global Hearing Implants Market Size (US$ million), By Types, 2016 & 2022 ...............46
Figure 19. Global Cochlear Implants Market Share (%), By Regions, 2016 & 2022.......................47
Figure 20. Global Cochlear Implants Market Size (US$ million), By Regions, 2016 & 2022 ..........48
Figure 21. Global Bone-Anchored Systems Market Share (%), By Regions, 2016 & 2022.............49
SAMPLE
Figure 22. Global Bone-Anchored Systems Market Size (US$ million), By Regions, 2016 & 2022 50
Figure 23. Global Hearing Aids Market Share (%), By End-Users, 2016 & 2022............................51
Figure 24. Global Hearing Aids Market Size (US$ million), By End-Users, 2016 & 2022 ...............52
Figure 25. Global Hearing Aids used by Adults Market Share (%), By Regions, 2016 & 2022 .......53
Figure 26. Global Hearing Aids used by Adults Market Size (US$ million), By Regions, 2016 & 2022 54
Figure 27. Global Hearing Aids used by Pediatrics Market Share (%), By Regions, 2016 & 2022..55
Figure 28. Global Hearing Aids used by Pediatrics Market Size (US$ million), By Regions, 2016 & 2022 56
Figure 29. Global Hearing Aids Market Share (%), By Geography, 2016 & 2022...........................57
Figure 30. Global Hearing Aids Market Size (US$ million), By Geography, 2016 & 2022 ..............58
Figure 31. North Hearing Aids Market Share (%), By Country, 2016 & 2022 ................................59
Figure 32. North America Hearing Aids Market Size (US$ million), By Country, 2016 & 2022......60
Figure 33. North Hearing Aids Market Share (%), By Products, 2016 & 2022...............................61
Figure 34. North America Hearing Aids Market Size (US$ million), By Products, 2016 & 2022 ....62
Figure 35. North America Hearing Aids Market Share (%), By End-Users, 2016 & 2022...............63
Figure 36. North America Hearing Aids Market Size (US$ million), By End-Users, 2016 & 2022 ..64
Figure 37. Europe Hearing Aids Market Share (%), By Country, 2016 & 2022 ..............................65
Figure 38. Europe Hearing Aids Market Size (US$ million), By Country, 2016 & 2022..................66
Figure 39. Europe Hearing Aids Market Share (%), By Products, 2016 & 2022.............................68
Figure 40. Europe Hearing Aids Market Size (US$ million), By Products, 2016 & 2022 ................69
Figure 41. Europe Hearing Aids Market Share (%), By End-Users, 2016 & 2022...........................69
Figure 42. Europe Hearing Aids Market Size (US$ million), By End-Users, 2016 & 2022 ..............70
Figure 43. Asia-Pacific Hearing Aids Market Share (%), By Country, 2016 & 2022........................72
Figure 44. Asia-Pacific Hearing Aids Market Size (US$ million), By Country, 2016 & 2022...........73
Figure 45. Asia-Pacific Hearing Aids Market Share (%), By Products, 2016 & 2022 ......................75
Figure 46. Asia-Pacific Hearing Aids Market Size (US$ million), By Products, 2016 & 2022..........76
Figure 47. Asia-Pacific Hearing Aids Market Share (%), By End-Users, 2016 & 2022 ....................76
Figure 48. Asia-Pacific Hearing Aids Market Size (US$ million), By End-Users, 2016 & 2022........77
Figure 49. Rest of the World Hearing Aids Market Share (%), By Country, 2016 & 2021 .............78
Figure 50. Rest of the World Hearing Aids Market Size (US$ million), By Country, 2016 & 2021.79
Figure 51. Rest of the World Hearing Aids Market Share (%), By Products, 2016 & 2022 ............81
SAMPLE
Figure 52. Rest of the World Hearing Aids Market Size (US$ million), By Products, 2016 & 202182
Figure 53. Rest of the World Hearing Aids Market Share (%), By End-Users, 2016 & 2022..........82
Figure 54. Rest of the World Hearing Aids Market Size (US$ million), By End-Users, 2016 & 202183
Figure 55. Company Market Share Analysis, 2015 (%) ..................................................................84
SAMPLE
1 MARKET OVERVIEW
1.1 Definitions
Table 1. Definitions
Segment Definition
Hearing Aid DevicesReceiver-In-The-Ear (RITE) Hearing Aids, Behind-The-Ear (BTE) Hearing
Aids, Canal Hearing Aids, and Other Hearing Aid Devices
Hearing Implants Cochlear Implants and Bone-Anchored Systems
Source: Scalar Market Research Analysis
Hearing aids are the wearable medical devices, intended for the patients with
hearing problems. The report studies different brands/varieties of hearing aid devices
as well as hearing implants available commercially. Increasing incidence of hearing
related problems coupled with emergence of technological advanced hearing aid
devices is expected to augment the market growth. The 'Global Hearing Aids Market
– Industry Analysis, Market Size and Forecast (2014 – 2022)' report includes market
size and forecast, estimated from the period 2016 to 2022. This report encompasses
a detailed study of various hearing aids market for geographies such as North
America, Europe, Asia-Pacific, and the Rest of the World.
Product segment is primarily categorized into Hearing Aid Devices and Hearing
Implants. Hearing Aid devices are further divided into: Receiver-In-The-Ear Hearing
Aids, Behind-The-Ear (BTE) Hearing Aids, Canal Hearing Aids, and Other Hearing
Aid Devices. Hearing implants comprise of Cochlear Implants, and Bone-Anchored
Systems. End-users segment is categorized into Adults and Pediatrics. The market
size and forecast for each products and end-user has been provided for the period
2014 to 2022, considering 2015 as the base year. The report also provides the
compounded annual growth rate and due to (% CAGR) for the forecast period 2016
to 2022 for each segment.
SAMPLE
Based on geography, the market is segmented as North America, Europe, Asia, and
the Rest of the World (RoW). The market size and forecast for geography has been
estimated for the period 2014 to 2022 in terms of revenue (US$ million). The report
also estimates the compounded annual growth rate (CAGR %) during the forecast
period from 2016 to 2022 for all the geographies mentioned above.
1.2 Research Methodology
The research methodology for market research reports at Scalar Market Research
includes a combination of top-down and bottom-up research formats. Continuous
market tracking, rigorous fact-checking, data-triangulation, and multiple layers of
quality control ensure high-quality data that can be leveraged for actionable insights.
Scalar Market Research’s research methodology starts with extensive secondary
research. Important secondary sources include SEC filings, annual reports, financial
reports, investor presentations, and technical & industry publications. Secondary
research helps build a comprehensive map of the structure of the market. It helps
identify key players in all market segments and helps build their profiles by
identifying their financials, product portfolios, and growth strategies. It also identifies
qualitative market factors like regulatory scenario, and market developments.
SAMPLE
Figure 1. Research Methodology
Source: Scalar Market Research Analysis
A bottom-up market sizing format is used to arrive at the top-line market size.
Revenues of key market players used to arrive at the market-specific revenues of
each key market player. A process of inward bracketing is used to arrive at the
market-specific revenues for each key market player. The market specific revenues
are combined to arrive at the top-line global market size. Segment-specific and
regional market sizes are estimated through top-down market sizing.
Data synthesis and triangulation techniques are used to develop the market model.
The model represents current consensus market opinion. The market estimates from
the model are used to generate reports that include qualitative and quantitative
insights about the market.
Global Market Size
Market-specific Revenues of Key Players
Total Revenues of Key Players
Global Market Size
Segment-specific Market Size
Regional
Market Size
Bottom-up
Top-down
SAMPLE
1.3 Market Segmentation
Figure 2. Global Hearing Aids Market, By Products
Source: Scalar Market Research Analysis
Figure 3. Global Hearing Aid Devices Market, By Types
Source: Scalar Market Research Analysis
Figure 4. Global Hearing Implants Market, By Types
Source: Scalar Market Research Analysis
Figure 5. Global Hearing Aids Market, By End-Users
Source: Scalar Market Research Analysis
Global Hearing Aids Market, by Products
Hearing Aid Devices Hearing Implants
Global Hearing Aid Devices Market, by Types
Receiver-In-The-Ear Hearing Aids
Behind-The-Ear (BTE) Hearing
Aids
Canal Hearing Aids
Other Hearing Aid Devices
Global Hearing Implants Market, By Types
Cochlear Implants
Bone-Anchored Systems
Global Hearing Aids Market,
By End Users
Adults Pediatrics
SAMPLE
Figure 6. Global Hearing Aids Market, By Region
Source: Scalar Market Research Analysis
Global Hearing Aids Market, By Region
North America Europe Asia-Pacific Rest of the World
SAMPLE
2 Executive Summary
Hearing related problems are the most common sensory deficit in humans. Disabling
hearing loss refers to the hearing loss greater than 40 decibel in the better hearing
ear in adults (20 years or older). The global hearing aids market includes the study of
different hearing aid products such as hearing aid devices and hearing implants that
are used by patients with hearing loss. Growing demand for hearing aid devices
coupled with increasing number of hearing implant surgeries in developing as well as
developed regions augments the market growth. For instance, according to the
National Institute on Deafness and Other Communication Disorders, around 324,200
cochlear implants are implanted across the globe. The organization also estimated
that around 96,000 cochlear implant surgeries are performed in the U.S. during the
same year. Other factors such as technology up gradation, government awareness
programs and continuous increase in geriatric population will help the market to grow
at a constant rate. However, lack of proper diagnostic tools for hearing problems
coupled with high costs of hearing aid devices hampers the market growth.
Increasing preference for alternative products such as sound amplifier devices is
also hindering the market growth. The global hearing aids market was estimated to
be US$ XX million in 2016. This market is expected to grow at a decent growth rate
of XX% to reach around US$ XX million in 2022.
SAMPLE
2.1.1 Global Hearing Aids Market – Executive Summary
Table 1. Global Hearing Aids Market – Executive Summary
Global Hearing Aids Market
Market Size (US$ million)CAGR%
(2016 – 2022)2016 2022
Global Hearing Aids Market Revenue (US$ million) 6,331.8 9,079.4 6.2%
Prod
ucts
Largest Products Segment, by Revenue
– Hearing Aid Devices (US$ million)
Fastest Growing Segment – Hearing
Implants (US$ million)
Hea
ring
Aid
D
evic
es, T
ypes
Largest Segment, by Revenue – Behind-
The-Ear (BTE) Hearing Aids (US$ million)
Fastest Growing Segment – Receiver-In-
The-Ear Hearing Aids (US$ million)
Hea
ring
Impl
ants
, Ty
pes
Largest Segment, by Revenue –
Cochlear Implants (US$ million)
Fastest Growing Segment – Bone-
Anchored Systems (US$ million)
Hea
ring
Aid
s M
arke
t, by
En
d-U
ser
Largest Segment, by Revenue – Adults
(US$ million)
Fastest Growing Segment – Adults (US$
million)
Regi
on
Largest Segment, by Revenue – Europe
(US$ million)
Fastest Growing Segment – Asia-Pacific
(US$ million)
Source: Scalar Market Research Analysis
SAMPLE
2.1.2 Global Hearing Aids Market Size (US$ million), By Products
Figure 1. Global Hearing Aids Market Size (US$ million), By Products
Source: S calar Market Research analysis
The major product segment is categorized into hearing aid devices and hearing
implants market. Of these, hearing aid devices capture majority share (i.e. around
XX%) of the global revenue. Growing demand for Behind-The-Ear hearing aids and
Receiver-In-The Ear hearing aids in developing regions of Asia-Pacific and Middle
East countries supported the growth of this market segment. However, hearing
implants segment is anticipated to grow with highest CAGR of XX% during the
forecast period owing to the rise in number of patients undergoing hearing implant
surgery in developed regions. Hearing implants segment is divided into Cochlear
Implants and Bone-Anchored Systems. Among which, Bone-Anchored System is a
emerging technologies which have successfully address the need of the older
population with hearing aid problems. This factor has surged the utilization of Bone-
Anchored systems and is expected to gain market share during the future period.
6,33
1.8
2275
.9
1423
.3
719.
0
320.
7
1262
.7
330.
3
Total Behind-The-Ear Receiver-In-The-Ear Canal Others Cochlear Bone-Anchored
Hearing Aid Devices Market Hearing Implants Market
SAMPLE
3 Market Dynamics
3.1 Market Drivers
3.1.1 Gradual increase in the prevalence of hearing related problems surge
the demand for hearing aid devices
Hearing aid devices are intended for the use in mild to profound hearing related
disorders such as sensorineural hearing loss, conductive hearing loss, central
auditory processing disorder and others. Incidence of these disorders have
increased at a constant rate during the last couple of years and is anticipated to
increase in coming years as well. For example, the World Health Organization
(WHO) stated that around 360 million population (more than 5.3% of the global
population) across the globe suffered from different types of hearing impairments in
2012. Furthermore, National Institute on Defense and other Communication
Disorders (NIDCD) also estimated that approximately 15% of American adults have
some form of hearing trouble every year. The organization also stated that more than
29.0 million U.S. adults benefit from using hearing aids every year. This fact would in
turn stimulate the demand for the utilization of hearing aid devices and implants
among the end-users, leading to drive the market growth.
3.1.2 Introduction of technologically advanced hearing aid devices
Introduction of novel hearing aid technology has made significant changes over the
past couple of years. Around more than 95% of commercially available hearing aid
devices are featured with digital technology. These hearing aids permit many types
of operations which were not possible with previously available analog hearing aid
devices. Additionally, compensating the hearing loss, technological advancement
also enables to assess the comfort and hearing comprehension. Thus, many leading
companies considered advancement in technology as their key business strategy to
capture large customer base. For example, many companies have started
introducing bone conduction implants which emerged to be the most viable means of
correcting complete deafness situations. Recently, MED-EL introduced BoneBridge,
the first only active bone conduction implant system. This device is considered as an
SAMPLE
4 Industry Analysis
4.1 Value Chain Analysis
Figure 3. Value chain analysis: Global Hearing Aids Market
Source: Annual Reports, Investor Presentations,Online Journalsm Primary Interviews and Scalar Market Research Analysis
DesignDelivering product to customer
Managing the point of sales
Managing and Distributing
Product to be sold
Acquiring, Storing &
Preparing raw material inputs
Purchasing or Building
Inventory
ß Prototype ß Process
Developmentß Regulatory
Approvalsß Sustain
Engineering
Marketing And Sales
Inventory Management
& Distribution
Manufacturing And
Assembling
New Product Development
Sourcing And Development
Customer Fulfilment
ß Software Development
ß Electrical / Electronic Components
ß Precision Metal Parts / Works
ß Plastic Extrusion And Moulding
ß Weaving / Knitting
ß Assemblyß Packaging
ß Final Productß Distributorß Mail Order
Distributor
ß Campaignß Advertisementß Product
Displayß Sales
ß Trainingß Consultingß Repair &
Maintenanceß Customer
Feedback & Queries
Hearing Aid Devices Value Chain Study
SAMPLE
5 Global Hearing Aids Market, By Products
5.1 Overview
Hearing aids are also called as deaf aid. These products are used by hearing
disabled persons. These are categorized as medical devices in many countries.
Hearing aid devices are designed to work on the computerized electroacoustic
system which converts ecological sound into an electrical wave. The product
segment is bifurcated into hearing aid devices and hearing implants. The hearing aid
devices included in this report are receiver-in-the-ear hearing aids, behind-the-ear
(BTE) hearing aids, canal hearing aids, and other hearing aid devices. While,
hearing implants included in this report are cochlear implants and bone-anchored
systems.
The market for the hearing aid product is expected to driven by factors such as
escalating noise pollution, increasing the percentage of geriatric populace coupled
with the introduction of novel hearing aid for severe hearing loss. The introduction of
invisible, tiny and advanced hearing aid will further enhance the acceptance among
the young generation. Hearing aids in requisites of technology, reliability and safety
will be one of the key trends that will increase traction in hearing aid market in the
near future. The global hearing aid product market was valued at US$ XX million in
2016 and is anticipated to grow to about US$ XX million by 2022 at a compound
annual growth rate (CAGR) of XX%.SAMPLE
5.1.1 Global Hearing Aids Market Share (%), By Products, 2016 & 2022
Figure 5. Global Hearing Aids Market Share (%), By Products, 2016 & 2022
Source: Scalar Market Research Analysis
5.1.2 Global Hearing Aids Market Size (US$ million), By Products (2014 –2022)
Table 5. Global Hearing Aids Market Size (US$ million), By Products (2014 – 2022)
Products 2014 2015 2016 2017 2018 2019 2020 2021 2022CAGR%(2016 –2022)
Hearing Aid DevicesHearing Implants
6.6%
Total
Source: Scalar Market Research Analysis
74.8%
25.2%
2016
74.2%
25.8%
2022
Hearing Aid Devices
Hearing Implants
SAMPLE
5.1.3 Global Hearing Aids Market Size (US$ million), By Products, 2016 & 2022
Figure 6. Global Hearing Aids Market Size (US$ million), By Products, 2016 & 2022
Source: Scalar Market Research Analysis
5.2 Hearing Aid Devices
The global hearing aid devices market was estimated at US$ XX million in 2016, and
is anticipated to grow to US$ XX billion by 2022, at a compound annual growth rate
(CAGR) of XX%. The market is expected to be driven by a numeral of factors, such
as the introduction of novel tiny hearing aids, such as Receiver-in-the-Ear (RITE)
devices; Completely-in-the-Canal (CIC) and increasing geriatric population.
Furthermore, government initiatives to improve healthcare infrastructure, an increase
in the prevalence of hearing impartment coupled with rising disposable income will
boost the market. To overcome social stigma, the various manufacturer have come
with tiny hearing aid which enhances aesthetic appeal which in turn will increase the
acceptance of hearing aid worldwide. The size of these devices varies from large to
invisible. In recent days, people tend to buy technologically advanced invisible
devices. However, companies are investing heavily in research and development to
enhance cosmetic appeal, increase sound quality, and intelligence to attract more
customers.
4,738.9
1,592.9
6,741.5
2,338.0
Hearing Aid Devices Hearing Implants
US$
mill
ion
2016 2022
SAMPLE
6 Global Hearing Aids Market, by End-Users
6.1 Overview
The market of hearing aids market, by end-users is categorized into Adults and
Pediatrics. Among which Adults segment is accounted for the largest share of the
global revenue. This segment is projected to growth with the growth rate of 6.3%
during the forecast period. Large population base coupled with increasing hearing
loss among adult or geriatric population drives the market growth. However,
innovation in technologies in pediatric hearing aid devices boosts the market growth
of this segment. For example, introduction of real-ear-to-coupler difference (RECD)
technology is one of the recent diagnostic tests that are used to evaluate pediatric
hearing loss. The global hearing aid end-users market was valued at US$ XX million
in 2016 and is anticipated to grow to US$ XX million by 2022 at a compound annual
growth rate (CAGR) of XX%.
6.1.1 Global Hearing Aids Market Share (%), By End-Users, 2016 & 2022
Figure 23. Global Hearing Aids Market Share (%), By End-Users, 2016 & 2022
Source: Scalar Market Research Analysis
86.7%
13.3%2016
Adult
Paediatric
86.4%
13.6%2016
SAMPLE
6.1.2 Global Hearing Aids Market Size (US$ million), By End-Users (2014 –2022)
Table 14. Global Hearing Aids Market Size (US$ million), By End-Users (2014 – 2022)
End-Users 2014 2015 2016 2017 2018 2019 2020 2021 2022CAGR%(2016 –2022)
Adults
Pediatrics
Total 5,873.2
Source: Scalar Market Research Analysis
6.1.3 Global Hearing Aids Market Size (US$ million), By End-Users, 2016 & 2022
Figure 24. Global Hearing Aids Market Size (US$ million), By End-Users, 2016 & 2022
Source: Scalar Market Research Analysis
5,470.50
861.4
7,875.50
1,204.00
Adult Pediatric
US$
mill
ion
2016 2022
SAMPLE
6.2 Adults
Adults market segment is valued around XX million in 2016, it is anticipated to grow
at a compound annual growth rate (CAGR) XX% during the forecast period.
Approximately, 15% of world’s adults populace has some degree of hearing loss,
25% of them are aged 65 years. Men are more likely to suffer from hearing loss
compared to women. Most of the people with disabling hearing loss live in low and
middle income countries. Roughly, one-third of the people over 65 years of age are
affected by disabling hearing loss. The incidence in this age group is mostly in Asia
Pacific, South Asia and Sub-Saharan Africa. Inability to hear sounds below 40
decibel limit is considered as impaired hearing in adults.
6.2.1 Global Hearing Aids used by Adults Market Share (%), By Regions, 2016 & 2022
Figure 25. Global Hearing Aids used by Adults Market Share (%), By Regions, 2016 & 2022
Source: Scalar Market Research Analysis
31.2%
42.7%
17.1%
9.0%2022 North America
Europe
Asia-Pacific
Rest of the World
31.0%
42.6%
16.9%
9.5%2016
SAMPLE
7 Global Hearing Aids Market, by Geography
7.1 Overview
Global hearing aids market, by geography is divided into North America, Europe,
Asia-Pacific, and the Rest of the World. Developed countries of North America and
Europe are accounted for the majority share of the global hearing aids market
revenue. Among which, Europe recorded majority share of the revenue, capturing
around 40% share of the global market. Government support coupled with
introduction of technologically advanced hearing aid devices drives the market
growth in this region. However, Asia-Pacific region is anticipated to grow with the
highest CAGR owing to the rising demand of hearing aid devices among geriatric
population. The global hearing aid geography market was valued at US$ XX million
in 2016 and is anticipated to grow to US$ XX million by 2022 at a compound annual
growth rate (CAGR) of XX%.
7.1.1 Global Hearing Aids Market Share (%), By Geography, 2016 & 2022
Figure 29. Global Hearing Aids Market Share (%), By Geography, 2016 & 2022
Source: Scalar Market Research Analysis
31.3%
42.1%
17.1%
9.6%
2016
31.3%
42.3%
17.4%
9.1%
2022North America
Europe
Asia-Pacific
Rest of the World
SAMPLE
7.1.2 Global Hearing Aids Market Size (US$ million), By Geography (2014 –2022)
Table 17. Global Hearing Aids Market Size (US$ million), By Geography (2014 – 2022)
Geography 2014 2015 2016 2017 2018 2019 2020 2021 2022CAGR%(2016 –2022)
North America
Europe
Asia-Pacific 1,000.8
Rest of the World
Total
Source: Scalar Market Research Analysis
7.1.3 Global Hearing Aids Market Size (US$ million), By Geography, 2016 & 2022
Figure 30. Global Hearing Aids Market Size (US$ million), By Geography, 2016 & 2022
Source: Scalar Market Research Analysis
1,979.8
2,665.1
1,082.1
604.8
2,840.1
3,838.0
1,579.1
822.3
North America Europe Asia-Pacific Rest of the World
US$
mill
ion
2016 2022
SAMPLE
7.2 North America
North America recorded US$ XX million revenue in 2016, accounting for XX% share
of the global hearing aids market. The growth of hearing aids market in North
America is primarily supported by the introduction of favorable government
initiatives, novel innovation and increasing willingness to spend on healthcare.
Furthermore, increase in demand for the advanced hearing devices especially
cochlear implants and bone-anchored devices are projected to boost the growth of
hearing aid market during the forecast period. According to hearing industries
association, sales of hearing devices increased from 3.13 million in 2014 to 3.36
million in 2015. Private sector unit growth exceeded that of the Department of
Veterans Affairs (VA) in 2015. Additionally, private sector unit sales grew by 7.83%,
adding up 2.65 million units in 2015, compared to 710, 223 units in 2014. Similarly,
hearing devices featuring wireless technology continue to grow in popularity. All
these facts supported the growth of hearing aids market in North America region.
Costco is the leading player accounting for 10% of the market share in 2015. Other
players who are aggressively competing in the North America’s hearing aids market
are Amplifon, Elite, GN, Sonova Retail, William Demant and Staker.
7.2.1 North America Hearing Aids Market Share (%), By Country, 2016 & 2022
Figure 31. North Hearing Aids Market Share (%), By Country, 2016 & 2022
Source: Scalar Market Research Analysis
89.7%
10.3%
2016
89.5%
10.5%
2022
U.S.
Canada
SAMPLE
7.2.2 North America Hearing Aids Market Size (US$ million), By Country (2014 – 2022)
Table 18. North America Hearing Aids Market Size (US$ million), By Country (2014 –2022)
Country 2014 2015 2016 2017 2018 2019 2020 2021 2022CAGR%(2016 –2022)
U.S.
Canada 188.5
Total
Source: Scalar Market Research Analysis
7.2.3 North America Hearing Aids Market Size (US$ million), By Country, 2016 & 2022
Figure 32. North America Hearing Aids Market Size (US$ million), By Country, 2016 & 2022
Source: Scalar Market Research Analysis
1,776.0
2,541.9
203.9 298.2
U.S. Canada
US$
mill
ion
2016 2022
SAMPLE
8 Competitive Landscape
8.1 Market Share Analysis
The market share analysis studies the market share of the leading players operating
in the hearing aids market. This market share analysis exclusively focused on
hearing aid devices and implants market and is estimated to be based on
considering the global hearing aids market revenue for the year 2015. The value
percentage for each company is based on the analysis of company’s investor
presentations, annual reports, press releases, product offering particular to hearing
aids segment, and opinion of primary respondents. The below market share diagram
represents the revenue in terms of value percentage for 2015 for each leading player
operating in this market.
Figure 55. Company Market Share Analysis, 2015 (%)
Source: Scalar Market Research Analysis
26.2%
18.9%
17.7%
15.9%
14.3%
7.0%
Market Share (Value %), 2015
Sonova Holding AG
William Demant Holding A/S
Sivantos Pte. Ltd.
Starkey Hearing Technologies
GN ReSound
Others
SAMPLE
9 Key Market Players
9.1 Cochlear Ltd.
9.1.1 Overview
Table 41. Cochlear Ltd. – Company Overview
Cochlear Ltd. – Company Detail
Headquarters Sydney, Australia.
Year of Establishment 1981
No. of Employees (2015) 2,934
Revenue (2015) US$ 925.6 million
Source: Annual Reports, Investor Presentations,Primary Interviews andScalar Market Research Analysis
9.1.2 Key Strategies
9.1.2.1 New Product Development
ß The Cochlear Ltd is focusing on the novel product development such Baha 5
Power and Baha 5 SuperPower sound processors. This has help Cochlear
Ltd to offer industry’s largest and most powerful portfolio of bone conduction
sound processors. These are designed for the people with severe hearing
loss and sensorineural hearing loss.
ß Cochlear limited has launched next generation wireless mini microphone 2
and 2+. These mini microphones are used for conversation in noisy situations.
The wireless Mini Microphone 2 and 2+ are compatible with the Cochlear
Nucleus 6, Baha 4, Baha 5 and Baha 5 SuperPower sound processors.
ß Cochlear Limited, the global leader in implantable hearing solutions has
launched the cochlear implant industry’s first true wireless accessories,
delivering clear sound without the need for bulky neck-worn components
required by other systems.
SAMPLE
9.1.2.2 Product Approval
ß The company got the regulatory approval for the Cochlear Nucleus Profile
Implant with Slim Straight Electrode (CI522) for use across Europe and other
markets requiring CE mark certification.
9.1.3 Recent Developments
ß In October 2016, World's leading experts collaborated in Sydney at Cochlear’s
global research symposium.
ß In March 2016, Cochlear supported the World Health Organisation’s call for
urgent global action on hearing loss.
ß In October 2015, GN ReSound and Cochlear Limited establish smart hearing
alliance.
SAMPLE
11 Appendix
11.1 Acronyms
Table 48. List of Acronyms
Acronym Expansion
BTE Behind-The-Ear
NIDCD National Institute on Defense and other Communication Disorders
WHO World Health Organization
NPPCD National Programme for Prevention & Control of Deafness
ASP Average Selling Prices
PSAPs Personal Sound Amplification Products
ECOG Electrocochleography
BAER Brainstem Auditory Evoked Response
CIC Completely-in-the-Canal
RITE Receiver-in-the-Ear
RECD Real-Ear-To-Coupler Difference
VA Veterans Affairs
Source: Scalar Market Research Analysis