TechNavio, a market research leader in the area of Healthcare, recently published its Global GPS Navigation and LBS Market 2010–2014 report.
January 31, 2011 — The report aids decision makers’ understanding of the key trends impacting the growth of this market.
Commenting on the report, an analyst from TechNavio’s Healthcare team said, “Hearing aid banks generally assist in reducing the extent of hearing loss for people in certain countries who are not eligible for the government hearing services program by providing hearing aids for them for free or at reduced cost. There has been an increase in the number of hearing aids banks in Australia recently. These banks focus on people who do not qualify for government assistance and have insufficient funds to purchase hearing aids. These initiatives by the hearing aids banks are becoming a major trend, via which many people with hearing problems are getting proper assistance and support worldwide. One of the major challenges of the Global Hearing Aids market is the high cost of hearing aids.”
According to the report, most of the leading hearing aid manufacturers are customizing and developing their product lines to appeal better to the consumers to stay ahead in the competition. Many hearing aids vendors are addressing needs of elder citizens, such as products that integrate detectors for the doorbell, alarm clock, telephone, and smoke alarms. Moreover, many patients suffer from both hearing loss and tinnitus. This segment of people might find benefit from features like the Widex Zen music synthesizer.
Key findings from the report:
• Steady Growth of the Hearing Aids Market in the Developed Countries
• Shortage of Hearing Aids Professionals
• Increase in Acquisitions and New Vendors
The study was carried out using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit www.technavio.com.
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