Do-it-yourself auto repairs might make sense for the savvy and mechanically inclined, while do-it-yourself electricians should probably think twice about it. But do-it-yourself health care? Probably not. Yet easy access to health information online and a culture that too often encourages speed over quality is leading Americans down a very unhealthy path.
I've witnessed this vividly in the world of hearing loss, where quick fixes that are "easier and cheaper" are being passed off as solutions to complex hearing challenges. There is no cookie-cutter solution to hearing health, no matter how many of these stories are published. The result we're seeing in the world of audiology is people taking shortcuts that undermine their hearing in ways that can waste money, allow issues to fester and ultimately harm their quality of life.
San Francisco, California, Jan. 29, 2015 (GLOBE NEWSWIRE) -- The global market for audiology devices is expected to reach USD 9,542.3 million by 2020, growing at an estimated CAGR of 5.0% from 2014 to 2020, according to a new study by Grand View Research, Inc. Introduction of technological advancements such as wireless devices, acceptance of these devices by the geriatric population along with increase in demand of cost-effective and efficient devices are some of the major drivers of this market. In addition, presence of untapped growth opportunities in emerging countries such as India, Brazil and China and the increasing health awareness are expected to serve this market as future growth opportunities.
Hearing aids dominated the overall market in terms of revenue share at 64.1% in 2013. High comfort rendered by these products, enhanced connectivity and enhanced user friendliness are some of the factors attributing to its high usage rates and subsequently large market share.
Further key findings from the study read more . . .