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U.S. Hearing Instruments and ABR/OAE Analyzers Markets
Frost & Sullivan, Feb 2006
The research service examines the effects of the main driving forces and challenges on the hearing instruments and ABR/OAE analyzers industry in the U.S. The research includes pricing, unit and revenue forecasts for the various styles and technologies of hearing instruments, as well as forecasts for screeners and diagnostic ABR and OAE analyzers. The total industry is valued at over $4 billion and the hearing instruments industry comprises a sizable portion of it. Driven by technology, the industry is set to grow at a steady pace to meet the demands of the growing number of baby boomers. The study proposes strategic recommendations to overcome the challenges posed by high pricing and market saturation.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this analysis:
- Hearing Instruments
- ABR and OAE analyzers
Technologies
The following technologies are covered in this research:
- Digital and Analog Instruments
- Screeners and Diagnostic Analyzers
Market Overview
The U.S. hearing instruments industry faces some significant challenges quite unlike any other medical device industry. As technology advances, the industry needs to focus its consolidated efforts on increasing penetration rate for the adoption of hearing instruments. The movement towards open ear fitting is likely to revolutionize the way patients perceive hearing instruments, but the technology by itself won’t be enough. To capitalize on these advances, the industry needs to optimize the distribution system. The ABR and OAE analyzers market is growing at a steady pace, but has the potential to foray into newer markets if the technological promises of today can translate into valid revenue potential for tomorrow.
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