Audiology Devices Market To Witness Rapid Development
Audiology Devices Industry The global audiology devices market size is expected to reach USD 16.0 billion by 2030, expanding at a CAGR of 7.2% over the forecast period, according to a new report by Grand View Research, Inc. Increasing cases of hearing disorders, especially in the geriatric population, rising purchasing capacity, investments in R&D, and strong government support for better healthcare infrastructure are expected to drive the industry growth over the forecast period. High comfort offered by newly introduced hearing aids, improved connectivity, and a better user interface is some of the factors attributing to the high usage rate of audiology devices. Better quality of life along with acceptance of digital hearing aids is anticipated to further drive the demand. In a study published in January 2019, it was observed that hearing aids reduce symptoms associated with dementia. However, the usage is hampered due to the exclusion of fitting of hearing aids ...