Monday, 2 December 2019

Renal Cancer Drug Market on the Global as well as Regional Level !!

Market Highlights
The Renal Cancer Drug Market is expected to witness tremendous growth owing to the rising prevalence of high blood pressure. Other key factors such as the change to sedentary lifestyle, increase in smoking,
 growing consumption of alcohol are contributing to the growth of the market.  However, factors such as the high cost of surgical procedures, expensive chemotherapy treatments and the side effects and reaction associated with treatments are expected to restrict the market growth during the forecast period.

Segmentation
The global renal cancer market is segmented on the basis of therapeutic class, pharmacologic class, type, and end-user. The renal cancer drug market, by therapeutic class, is categorized into targeted therapy and immunotherapy. On the basis of pharmacologic class, the market is segmented into angiogenesis inhibitors, mTOR inhibitors, monoclonal antibodies and cytokine immunotherapy (IL-2). On the basis of type, the market is segmented into clear cell, papillary, chromophobe, oncocytic, collecting duct and other. On the basis of end- user the market is segmented hospitals and clinics, ambulatory surgical centers, diagnostic centers, research centers and other.

Regional Analysis
The Americas is the largest in the market owing to the increasing prevalence of stroke and high blood pressure and growing healthcare expenditure. The American Cancer Society estimated about14,970 people in 2018, will die due to kidney cancer in the US. Thus, the growing cases of kidney cancer facilitate the market growth in this region.
Europe (UK, Belgium, France, and Netherlands) is the second largest renal cancer drug market during the forecast period. The increasing occurrence of renal cancer drives the market in this region. According to Cancer Research UK in 2015, there were 12547 new cases of kidney cancer in the UK. Thus, the growing cases of kidney cancer facilitate the market growth.
Asia-Pacific was projected to be the fastest growing region for the global renal cancer drug market in 2017. The market is expected to witness growth owing to the rising prevalence of smoking and alcohol consumption in this region. According to the World Health Organization in 2015, 47.6% of people smoked tobacco in countries like China and Japan, respectively. This is expected to provide favorable backgrounds for the market to grow.
The Middle East and Africa accounts for the least share due to low per capita income and lack of availability of well-trained healthcare professionals. However, the rising oncology and new cancer treating technology both at the hospital level and in the community are expected to influence the market in a positive way.
Key Players
Some of the key players in the global renal cancer drug market are Novartis AG (Switzerland), Pfizer Inc. (US), GlaxoSmithKline plc (UK), Genentech, Inc. (US), F. Hoffmann-La Roche AG (Switzerland), Cipla Limited (India), Active Biotech AB (Sweden), Amgen (US), Bayer AG (Germany), Bristol-Myers Squibb company (US).


 About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
 MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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Wednesday, 27 November 2019

Global Emergency Department Information System Set to Expand Exponentially over 2023

Market Synopsis:
As per the report published by Market Research Future (MRFR), the global emergency department information system market is set to thrive exponentially at a CAGR of 15.10% during the forecast period 2017 to 2023. These systems are designed to enhance the quality of emergency services by taking care of functions such as clinical documentation, patient entry, patient and resource tracking, etc. It is presumed to gain popularity globally in the foreseeable future owing to the rapid developments in the healthcare sector.
One of the key factors responsible for dictating the future trajectory of the global emergency department information system market is the increasing geriatric population. Elderly people are always at a higher risk of developing diseases, and the increase in their population has necessitated the adoption of technologically advanced systems in the healthcare sector. This, in turn, has paved the way for emergency department information systems into the hospitals and clinics.
Other factors that are likely to complement the proliferation of the emergency department information system market include rising healthcare expenditure, growing patient pool, increasing need for advanced treatments, etc. In addition, the growing number of hospitals and clinics in the developing regions resonate strong potential for growth in the upcoming years.

Market Segmentation:
On the basis of component, the global emergency department information system market has been segmented into software, services, and hardware. Furthermore, the software is sub-segmented into Best-of-Breed solutions and enterprise solutions.
On the basis of delivery mode, the emergency department information system market has been segmented into Software-as-a-Service and on-premise.
On the basis of the application, the global emergency department information system market has been segmented into clinical functionalities and administrative functionalities.
On the basis of the end users, the emergency department information system market has been segmented into large hospitals, medium-sized hospitals, and small hospitals.

Regional Analysis:
The global emergency department information system market, by region, has been segmented into Americas, Europe, Asia Pacific, and the Middle East and Africa. Americas had the largest share of the market in 2016 and is poised to grow significantly over the next couple of years. The factors that are favoring the expansion of the emergency department information system in the region include consolidation of key players, accelerated adoption of novel technologies, technological innovations, etc.
Asia Pacific is set to strike a high CAGR of 15.71% during the forecast period. It is estimated to emerge as the fastest growing regional market towards the end of the assessment period. Factors such as rapid healthcare developments, strong economic growth rate, increasing count of healthcare providers, etc. are expected to augment the emergency department information system market in the region.
Europe is a significant growth pocket positioned at the second position in the marketplace. Meanwhile, the Middle East & Africa is anticipated to account for the least share of the global market. The slow growth rate is attributable to the slow economic development and low income.

Competitive Dashboard:
Some of the key players profiled in the report are Allscripts, Cerner Corporation, Mckesson Corporation, Healthland, Inc, Epic Systems, Evident, Logibec Canada, T-System Inc, Siemens Healthcare, EPOWERdoc, Inc, Medical Information Technology, Inc, Unitedhealth Group, Inc, veEDIS Clinical Systems LLC, Medhost Inc, and Wellsoft.

Industry News:
In August 2018, Allscripts Healthcare Solutions, Inc., a healthcare service provider, has achieved full accreditation for Allscripts PayerpathTM with the Healthcare Network Accreditation Program (HNAP).
In July 2018, Virginia has launched an Emergency Department Care Coordination Program where all of its emergency departments are electronically linked for improved care and trimmed costs.
In January 2019, the Centers for Medicare and Medicaid Services (CMS), a federal agency within the United States Department of Health and Human Services has initiated posting prices of healthcare services online.

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Tuesday, 26 November 2019

Nerve Stimulators Market is expected to register a CAGR of 9.7% to reach USD 10,978.5 million till 2023

MRFR Press Release/- Market Research Future has a cooked research report on the nerve stimulators market.
Market Highlights
Nerve stimulation is considered as a gold standard technique for the treatment of treat different types of health problems such as joint, or bone problems that occur in case of osteoarthritis or fibromyalgia, or low back pain, neck pain, neurological disorders, overactive bladder, and others. According to a study published in Research and Reports’ Urology journal in 2014, it is found that nerve stimulation is an effective intervention for OAB patients, who are not responsive to pharmacologic therapy. Even in case of neurological disorders, complex seizures are not being controlled by medication. Vagal nerve stimulation is most commonly recommended when medications aren't effective. Among neurological disorders, nerve stimulation therapy is most commonly used for epilepsy and depression. The most commonly used nerve stimulators are deep brain stimulator (DBS), vagus nerve stimulator (VNS), and spinal cord stimulator (SCS).
Rising incidence of chronic health problems, technological improvements, increasing popularity of minimally invasive procedures, increasing geriatric population, and improvement in reimbursement policies are the key factors driving the nerve stimulators market.
However, the high cost of treatment and lack of skilled or trained physicians may hinder the growth of the market to an extent.
It is estimated that nerve stimulators market is expected to grow at a CAGR of 9.7% during the forecast period 2017-2023.
Taste the market data and market information presented through more than 296 market data tables and figures spread over 251 pages of the project report. Avail the in-depth table of content TOC & market synopsis on “nerve stimulators market research report–Global forecast till 2023.” 
Major Key Players in Nerve Stimulator Market
Some of key the players in the market are Boston Scientific Corporation, Cochlear Ltd, Medtronic plc, St Jude Medical, Inc., Cyberonics, Inc., Aleva Neurotherapeutics SA, NeuroPace, Inc, and others.
Regional Analysis
The Americas dominate the nerve stimulators market owing to the rising prevalence of chronic diseases, a well-developed technology, high healthcare expenditure, and the presence of the leading players. According to a study published in Drug and Alcohol Dependence journal in 2017, more than 100 million adult Americans are living with chronic pain. Chronic low back pain and headaches are the most commonly diagnosed conditions. It is also stated that conditions are more prevalent in women than men i.e. 34.3% in women, and 26.7% in men in the U.S.
Europe holds the second position in the nerve stimulators market. It is expected that the support provided by the government bodies for research & development, along with a well-developed technology drives the market in the European region.
Asia Pacific region is projected to be the fastest growing region during the forecast period. Increasing need for cost-effective nerve stimulators, rapidly improving technology, and the presence of huge patient pool drive the growth of this market in Asia Pacific region.
The Middle East and Africa hold the least share in the market owing to the presence of poor and slow developing countries, especially, in the African region. 
Segmentation
The global nerve stimulators market is segmented on the basis of type, application, and end-users.
On the basis of the type, the market is segmented into deep brain stimulator (DBS), vagus nerve stimulator (VNS), and spinal cord stimulator (SCS).
On the basis of the application, the market is classified as chronic pain, depression, dystonia, epilepsy, Parkinson's disease, and others.
On the basis of the end -users, the market is segmented into ambulatory surgical centers, hospital & clinics, and trauma centers.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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Monday, 18 November 2019

Global Acupuncture Market Overview with Top Key Players and Industry Growth Trends, 2023


Acupuncture Market Insights:
Market Research Future (MRFR) has launched a new release on the global acupuncture market. The report provides comprehensive coverage of the market’s growth prospects over the forecast period till 2023, based on a detailed analysis of the market’s key growth drivers and markers derived from the market’s historical growth trajectory. The global acupuncture market was valued at USD 24,551.6 mn in 2017, according to the report.

The alternative medicine approach in which thin needles are inserted into the skin at strategic points of the body with the sole intention of pain management is termed acupuncture therapy. Gynecological disorders like PCOS, dysmenorrhea, and pregnancy cause pain. The rise in population suffering from such disorders is augmenting the adoption of acupuncture therapy. Moreover, the increase in number of patients suffering from fibromyalgia and migraines are boosting the number of people opting for acupuncture therapy.
The increase in other health ailments like insomnia and psychological discomfort are expected to widen the consumer base for acupuncture. The non-invasive feature of acupuncture therapy is aiding in gaining popularity among people. Technical advancements are urging implementation of laser devices and electro-acupuncture in the therapy, thereby making it more convenient for patients. The rise in geriatric population another cause contributing to the wide spread applications of acupuncture therapy. MRFR identifies these factors as market driver that are anticipated to impel the acupuncture market growth over the evaluation period.

Regional Overview:
The regional study of the acupuncture market gives essential information about the demographic progress of the market. Based on the region, the acupuncture market study has been segmented into South America, North America, Europe, Asia Pacific, and the Middle East Asia.
MRFR identified that Europe is expected to secure the prime position in the acupuncture market, grow with a 13.53% CAGR over the forecast period. Factors like the increase in number of patients suffering from chronic diseases among the European population, the rise in adoption of acupuncture therapies, the existence of influential market players, and an upsurge in insurance coverage are likely to impel the acupuncture market growth in the forthcoming years.
 The acupuncture market in the Asia Pacific region is estimated to attain a CAGR of 15.02%, hence exhibit a rapid growth over the forecast period. The rise in prevalence of chronic disorders, the increase in adoption of acupuncture therapies, the upsurge in acupuncture product manufacturers, and presence of emerging economies, in APAC, are factors accounted for the spur in the regional acupuncture market growth.
Key Players:
Cymedics GmbH & Co. KG,  Ltd, Schwa-medico GmbH, 3B Scientific GmbH, SEIRIN Corporation, Zepter International, Qingdao Great Fortune Co., Ltd., AcuMedic Ltd, asia-med GmbH, Wuxi Jiajian Medical Instruments Co.,  MKW Laser system GmbH are companies operating in the acupuncture market.

Industry News:
In May 2019, Ashley Piderman and Christy Berger, two registered acupuncturists, launched Community Acupuncture in Vernon, that operates weekly.

Segmental Overview:
The acupuncture market’s segmental analysis provides a compendious understanding of the market that allows identification of new growth windows. The acupuncture market study has been segmented into application, end-user, and product and services.
On the basis of application, the acupuncture market study has been segmented into pain syndrome illnesses, psychological illnesses, gynecological disorders, and others. The pain syndrome illnesses segment envisaged to register a CAGR 14.04% and capture 33.5% of the  global acupuncture market share, over the forecast period.
On the basis of end-user, the acupuncture market study has been segmented into hospitals and speciality clinics, research and academic institutes, and wellness centers. The increase in number of wellness centers owing to the increase in adoption of acupuncture as an effective alternative medicine, the wellness centers segment is likely to boost the market growth.
On the basis of product and services, the acupuncture market study has been segmented into  products and services. The product segment is further narrowed down to rod lasers, laser needle, needles, and laser pens, suction cups, electro-acupuncture device, and others. Traditional and modern needles are classified under the needle segment. The service segment has been divided into non-insertion acupuncture, cupping, traditional Chinese medicine, auricular, Japanese acupuncture, moxibustion, scalp acupuncture, Korean hand acupuncture, and others. Due to the increase in preference of alternative medicine like acupuncture therapies, the  product and service segment is expected to drive the global acupuncture market growth in the upcoming years.


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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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Wound Care Market Size, Share, Trend Growth | Industry Analysis Report 2018-2027

Market Insight
As per the latest study by Market Research Future (MRFR), by 2027, the wound care market will showcase a stellar performance by recording the value of USD 29,900 Mn. The said figure will be almost the double of the market value of USD 15,456.2 Mn it achieved in 2016, in addition to growing at a lucrative CAGR during the forecast period (2016-2027).
As per the World Health Organization (WHO), in the year 2014, 9% of the world’s deaths were caused by injuries. Several chronic wound conditions like arterial ulcers, venous ulcers as well as diabetic ulcers compromise the body’s restorative capabilities. In addition to diminishing the quality of life, unhealed wounds also increase the risk of infections as well as complications. Hence, wound care has been established as an integral part of surgical recovery or disease management and is an expanding medical specialty.
The wound care market continuously experiences various technological advancements that are emerging as a standard solution for treating acute and chronic wounds. With time, conventional measures of wound care management are being replaced with advanced wound measure products owing to the effectiveness of the latter enabling faster healing. Furthermore, the treatment in advanced wound care includes intervention therapies along with the use of products like antimicrobial dressings, foam dressings, collagen products, gauze, hydrogels, hydrocolloids, alginate dressings, and film dressings.
However, high cost of the advanced wound care products could slow down the ongoing growth of the market over the next few years. But the market is set to pack a big punch on the back of favorable reimbursement policies combined with catalyzed grants by the governments. Some other factors instrumental in the growth of the market include rising per capita income, exponential geriatric population, and increasing prevalence of diabetes and so on.

Market Segmentation
The market for wound care is segmented on the basis of product, type, application, and end-user.
The wound care market, by product, has been segmented into advanced wound management products, wound therapy devices, traditional wound care products, wound care products, and active wound care products. Among these, the advanced wound management products segment will be noting a high surge in terms of global demand as it ensures faster healing, mitigating the possibility of infection. Furthermore, the active wound care products segment and wound care products segment are predicted to grab a comparatively smaller share of the market over the projected timeframe.

The types of wound care in the market include chronic wound and acute wound. The chronic wound segment is set to acquire the largest share of the total market, accounting for 60.3% market share, in 2016. The segment will be most likely retaining the substantial share it has amassed, over the next few years.
Application-dependent segments in the global wound care market are surgical wound, ulcer, burn, trauma wounds, and others. Here, the surgical wound segment is forecasted to note a massive surge in demand, reaching the value of over USD 10 Mn by the end of 2027.

The end-users in the global wound care market are hospitals, clinics, home health care, trauma centers, and others, wherein the hospitals segment amassed the most substantial share of the market in 2016. The segment is postulated to retain its lead, clocking in a CAGR of over 6% during the forecast period.

Regional Analysis
Region-wise, the global wound care market is established in the regions of the Americas, Asia Pacific, Europe, as well as the Middle East & Africa.
Americas, among all the regions, took possession of the largest share of the overall market in 2016, with the value of 55.8% market share. The market is poised to reach a little over the value of USD 16 Mn by 2027, crossing the value of USD 8,621.4 Mn in 2016. The regional market has expanded over the past couple of years, riding on the development of wound care products, rising geriatric population, and growing diabetic population. As per the National Center for Health Statistics, in 2015, more than USD 13 billion was spent on pressure ulcer management in the United States (U.S).
Meanwhile, Asia Pacific is exhibited to grow at a relatively higher CAGR throughout the conjectured period, on account of the presence of various growth opportunities for the market.
Europe, on the other hand, is on its way to becoming an important growth pocket, with lucrative growth rate predicted in the foreseeable future. Whereas, the Middle East & Africa will account for the least share of the global market.
Competitive Dashboard
The leading companies mentioned in the MRFR report are Kinetic Concepts Inc, 3M, Baxter, B. Braun Melsungen AG Inc, Ethicon, ConvaTec, Smith & Nephew, and so on.
Industry Update
January 2019 – Redsense Medical has announced the development of a prototype that has fully functional optical measuring which is based on the smart wound technology. The smart wound care technology will help develop thin sensor layers for the optical measuring of various physiological as well as biological parameters like blood as well as exudate.


About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
 MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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Tuesday, 12 November 2019

Healthcare Supply Chain Management Market highly promising expected to witness a notable CAGR of 8.2% By 2023

Healthcare Supply Chain Management Market Report: By Models (Build-To-Order), Functions (Forecasting and Planning), Delivery Mode (On-Premise, Web-based), Software (Planning Tools), Technology (Barcode), End User (Distributors)— Global Forecast Till 2023
Healthcare Supply Chain Management Market Scenario
The Global Healthcare Supply Chain Management Market was analyzed by Market Research Future (MRFR) and it was projected that a noteworthy CAGR of 8.2% will be attained by the market over the forecast period of 2018 to 2023. The valuation of the healthcare supply chain management market was further stated to surpass its previous valuation by the end of 2023.
The major factors of growth for the market are an expanding number of businesses, fast product lifecycle, increasing fragmentation in the healthcare sector, rising globalization rate, high economy of scale, and others. Some of the other factors influencing the market are surging customer demand, increasing rate of customization, advancing capabilities of technologies, and others. However, factors like low innovation, lack of awareness among individuals, high cost associated with maintenance and installation, and issues concerning integration can limit the growth of the market over the forecast period.
Get Request Free Sample Copy Of  "Healthcare Supply Chain Management Market Research Report - Forecast to 2023" @ https://www.marketresearchfuture.com/sample_request/5716
Market Segmentation
The global healthcare supply chain management market has been segmented in terms of technology, models, function, end-user, delivery mode, and software.
By models, the market branches into make-to-stock model, build-to-order, chain assembly, continuous replenishment model, and others.
By function, the market is divided into warehousing and distribution, forecasting and planning, reverse and extended logistics, internal logistics and operations, inventory management and procurement, and others.
By delivery mode, the market segments into web-based, on-premise, and others.
By software, the market breaks down into planning and execution tools. The planning tools segment is narrowed down into supplier and vendor management, forecasting and inventory management, production and sales planning, others. While the execution tools segment is narrowed down into order processing and status tracking, warehouse management, and others.
By technology, the market comprises radio frequency identification (RFID), barcode, internet of things and big data, global positioning system (GPS), and others.
By end users, the market includes logistics companies and distributors, pharmaceutical and biotech companies, healthcare providers, and others.
Regional Analysis
The global healthcare supply chain management market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Middle East & Africa.
The Americas is projected to lead the global healthcare supply chain management market due to an established healthcare sector, favorable government initiatives, the presence of a number of leading biotech and pharmaceutical organizations, growing in demand for medical devices and increasing technological advancement. The medical devices exportation and the generation of a huge sum of revenue is aiding the supply chain management in the healthcare sector in the Americas.
Europe is said to be the second largest region in the global healthcare supply chain management market. According to the European Commission publication of 2017, Europe was one of the leading exporters of pharmaceutical as well as medicinal products. Add to this, in 2016, European market accounted for EUR 144 billion, by exporting pharmaceutical products across the globe. The rising import and export activities for healthcare related products is slated to boost the market in this region.  
Asia-Pacific is primed to be the fastest growing region in the market for healthcare supply chain management. This is due to the increasing prevalence of chronic disease and a considerable increase in the demand for pharmaceutical and medical products. Additionally, the increasing expenditure in the healthcare industry is anticipated to accelerate the growth of the regional market.
Lastly, the Middle East & Africa stands with the lowest share of the market. A major share of this regional market is reported to be held by Middle East because of a comparatively developed healthcare sector and increasing number of government initiatives to enhance the healthcare sector.
Competitive Landscape
The global healthcare supply chain management market comprises a host of key players. This includes names like Jump Technologies (US), SAP (Germany), TECSYS (Canada), McKesson (US), Infor (US), Oracle (US), GHX (US), LogiTag Systems (Israel), JDA Software (US), JDA Software (US), Manhattan Associates (US), and others.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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Monday, 11 November 2019

Hearing Aids Market 2019 is Projected to Exhibit a CAGR of 7% during the Forecast period 2025 Consumer research, Report Covering Major Key Points

Market Highlights
According to MRFR analysis, the global hearing aids market is expected to register a CAGR of ~7% during the forecast period of 2019 to 2025 and was valued at USD 8 billion in 2018.
A hearing aid is an electronic device which amplifies sound so that a person with hearing loss can listen, participate in daily activities, and communicate with others. The three basic parts of a hearing aid are a speaker, an amplifier, and a microphone.
The growth of global hearing aids market is driven by various factors such as increasing incidence of hearing loss, the launch of new products, increasing geriatric population, and raising awareness about hearing loss treatment. However, the low penetration of hearing aids and product recalls are expected to curb the growth of the global hearing aids market.
The global hearing aids market is currently dominated by several market players. The key players are involved in product launches and strategic collaborations to strengthen their market positions.
Regional Analysis
The market has been divided, by region, into Europe, the Americas, Asia-Pacific, and the Middle East & Africa. Europe is expected to be the largest market owing to the rising incidence of hearing loss and sophisticated healthcare infrastructure. The European hearing aids market has been categorized as Western Europe and Eastern Europe. The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The Americas holds the second largest market share. The hearing aids market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. The hearing aids market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. Due to the increasing awareness regarding the use of hearing aids and increasing population affected by hearing disorders, the market in Asia-Pacific is expected to be the fastest-growing. The hearing aids market in the Middle East & Africa has been divided into the Middle East and Africa and is expected to hold the least market share.
Key Players
Some of the key players in the global hearing aids market are Sonova (Switzerland), Cochlear Ltd. (Australia), GN Store Nord A/S (Denmark), Sivantos Pte. Ltd. (Singapore), Arphi Electronics Private Limited (India), Demant A/S (Denmark), Starkey (US), WIDEX INDIA PRIVATE LIMITED (Denmark), Zounds Hearing (US), SeboTek Hearing Systems, LLC (US), Audina Hearing Instruments, Inc. (US), and Microson (Spain).
Segmentation
The global hearing aids market has been segmented based on product, product type, type of hearing loss, technology type, and distribution channel.
The market, based on product, has been divided into devices, implants, and accessories, out of which implants is the fastest-growing segment. For instance, the Australia-based manufacturer Cochlear Ltd reported a profit of USD 265 to USD 275 million in first quarter of 2019, 8% to 12% more as compared to that in the first quarter of 2018.
The global hearing aids market has been segmented, on the basis of product type, into wired and wireless. Wireless is the fastest-growing segment owing to technological advancements and product launches. For instance, Sonova, in November 2018 launched products based on SWORD (Sonova Wireless One Radio Digital) chip. The new technology allows hearing instruments to connect with electronic devices such as televisions or mobile phones.
The type of hearing loss segments of the market are sensorineural, conductive, and others. The growth of the segment is due to the high prevalence of hearing loss. For instance, in 2018, around 2 to 3 out of 1000, children in the US are born with a hearing loss in one or both ears.
The technology type segment of the market is segmented as digital hearing aids and analog hearing aids. The digital hearing aids segment is expected to be both, the largest shareholder and the fastest-growing segment owing to its advantages over analog counterparts.
The distribution channel segment is classified into retail stores, E-commerce, and others. The E-commerce segment is expected to be the fastest-growing segment owing to ease of access to products for customers.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact:
Market Research Future
Office No. 528, Amanora Chambers
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