Asia-Pacific Hearing Aids and Audiology Devices Market - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-21 04:55:01
In 2012, the Asia-Pacific market for hearing devices was valued at close to $2.3 billion. The Asia-Pacific market for hearing devices was valued at close to $2.3 billion in 2012 and is expected to experience consistent growth over the forecast period.
The Australian market for hearing devices is highly developed and had the highest penetration rate in the region, whereas the Japanese and South Korean markets for hearing devices are far from reaching market saturation or realizing their full potential. Both the Japanese and South Korean markets have a significant opportunity for growth.
The total market for hearing devices consisted of the wholesale and retail markets for hearing aids as well as the market for cochlear implants. Due to high retail prices, the wholesale market was valued at well below that of the retail market. The Asia-Pacific region saw a very underpenetrated market with respect to cochlear implants, due to the relative infancy of the market as well as high average selling prices; this market is expected to almost double in value over the forecast period.
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