Drivers of the Global Diagnostic Hearing Devices Market

Technavio published the report under their healthcare and life sciences library and found that this market is expected to grow at a compound annual growth rate (CAGR) of almost 6% during the forecast period. The report points to three main market drivers that are contributing to growth in the global diagnostic hearing devices market.

First, the increasing prevalence of hearing disorders. This phenomenon is reported worldwide and is not expected to change in the near future. Second, the growing focus on research and development over the last few years. The report highlights several innovations in recent years that have led to the launch of technologically advanced devices. And third, favorable government initiatives in many regions. This includes initiatives to promote awareness among people with hearing disabilities.

The report segments the global diagnostic hearing devices market by product application – clinical diagnosis, physical diagnosis, and screening – and by end-user. End-users include hospitals, ambulatory surgery centers, physician clinics, and research institutions. The analysis is also segmented geographically into the Americas, Asia-Pacific, and Europe/Middle East/Africa.

Source: Technavio; BusinessWire