William Demant Holdi (WILLF) 20.5397 $WILLF Aud
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Audiological Devices Market 2019 Demand for Esthetic Hearing Aids Drives the Growth, Says a Report at ReportsnReports.com
PRWeb - Mon Dec 15, 5:30AM CST
The increase in prevalence of disabling hearing loss in the aging population is one of the main factors which is contributing to the growth in the global audiological market. Devices which are used for the diagnosis and treatment of hearing loss and balance disorders are known as audiological devices. An audiological device comprises of three parts - microphone, speaker and amplifier. The global market is expected to grow at a compound annual growth rate of 6.01% during the period from 2014 to 2019. Some of the factors which are driving the global audiological devices market are high prevalence of deafness in all ages, increase in demand for esthetic hearing aids and advancement in technology.