[January 22, 2018] |
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Top 3 Drivers of the Global Diagnostic Hearing Devices Market | Technavio
Technavio
market research analysts forecast the global
diagnostic hearing devices market to grow at a CAGR of almost 6%
during the forecast period, according to their latest report.
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Technavio has published a new market research report on the global diagnostic hearing devices market 2018-2022 under their healthcare and life sciences library. (Graphic: Business Wire)
The report further segments the global diagnostic hearing devices market
by product application (clinical diagnosis, physical diagnosis, and
screening), by end-user (hospitals, ASCs, physicians' clinic, and
research institutions), and by geography (the Americas, APAC, and EMEA).
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Technavio analysts highlight the following three market drivers that are
contributing to the growth of the global diagnostic
hearing devices market:
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Increasing prevalence of hearing disorders
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Growing focus on R&D
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Favorable government initiatives
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Increasing prevalence of hearing disorders
The prevalence of hearing disorders is increasing across the globe.
Hearing disorders can also be a disabling hearing loss that refers to
hearing impairment to sounds greater than 40 decibels (dB) in the
better-hearing ear in adults and greater than 30 dB in the
better-hearing ear in children.
According to a senior analyst at Technavio for orthopedics
and medical devices research, "Hearing disorders can be heredity
or can be caused because of congenital disability, infectious disease,
chronic ear, infection, exposure to excessive noise, and old age.
Several factors are responsible for hearing impairment including
infections in childhood such as measles, mumps, and meningitis, exposure
to excessive or prolonged noise, and chronic otitis media."
Growing focus on R&D
The hearing diagnostics market has observed several innovations in the
past years that has led to the launch of technologically advanced
devices. The European Investment Bank (EIB) supports the development of
new wireless hearing devices and research for more effective acoustic
implants.
Diagnostic hearing devices with technologically advanced features are
being developed by the major players to gain a competitive edge as well
as to sustain market presence for a longer period. Hearing diagnostic
devices are controlled by advanced microprocessors with sufficient
storage capacity.
Favorable government initiatives
The government authorities in several countries have undertaken many
initiatives to promote awareness among people with hearing disabilities.
They have organized various programs and camps for the people with
hearing disabilities. For instance, in US, a law known as the Americans
with Disabilities Act (ADA) makes it possible for people with hearing
disabilities to actively participate in business, politics, and the arts
in the US without any discrimination.
The European Year of People with Disabilities 2003, protects the rights
of the people with hearing disabilities in the European countries. It
provides an unprecedented chance for EU institutions to attend specific
concerns of disabled people in their work.
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View source version on businesswire.com: http://www.businesswire.com/news/home/20180122006014/en/
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