Amplifon, Rion, William Demant Lead $1.4 Billion Asia-Pacific Retail
Hearing Aid Market
VANCOUVER, June 10, 2011 /CNW/ - According to a new report by iData
Research (www.idataresearch.net), the leading global authority in medical device market research, the
Chinese and Indian markets for hearing devices, including retail and
wholesale sales, is valued at over $1 billion and will almost
double-in-value by 2017. Growth in these countries will be driven by
improved distribution by major foreign retail-chains such as Amplifon,
in a traditionally fragmented and underdeveloped industry. Hearing aid
promotion and education from brand-name manufacturers such as Siemens
is also driving adoption among the over 400 million hearing aid
candidates in these countries.
"Hearing aid penetration among those with hearing loss in China and
India is only 1%," says Dr. Douglas Fung, Analyst Manager at iData.
"Increased disposable incomes in these countries will drive these
hearing aid markets to become two of the fastest growing in the world.
Despite this growth, the penetration rate will progress only marginally
by 2017 due to limited education among consumers and underdeveloped
retail networks. For this reason, companies that promote awareness will
benefit the most from this lucrative industry."
The report states that, within India, major international hearing aid
brands such as Widex and Beltone have opened retail locations, while
regionally, retail-chain Amplifon merged with National Hearing Care to
gain market share. As the purchasing power of retail-chains grow in
both India and China, prices are expected to decrease, driving unit
sales to double-in-volume by 2017. Siemens, GN ReSound, Sonova, Starkey
and Widex are the top manufacturers positioned to benefit from this
Furthermore, iData's accompanying report covering Australia, Japan and
South Korea states that the Asia-Pacific hearing device market was
valued at almost $2 billion with Japan making up the vast majority of
iData's global report series includes the "Chinese and Indian Markets for Hearing Aids and Audiology Device 2011" as well as Asia-Pacific, European and U.S. reports.
For more information, register free on iData's website at:
About iData Research
iData Research (www.idataresearch.net/idata/discoveridata.php) is an international market research and consulting group focused on
providing market intelligence for medical device, dental and
pharmaceutical companies. iData covers research in: hearing-devices,
endoscopy, cardiovascular, dental and more.
SOURCE iData Research Inc.
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