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Ken Research Private Ltd Publishes A New Report on India Hearing Impairment Market - The growing personal disposable income, increasing consumer and government spending on healthcare to drive the hearing devices market in India - KenResearch.com
Ken Research Private Ltd Publishes A New Report on India Hearing Impairment Market

 

NewswireToday - /newswire/ - Pitampura, New Delhi, India, 2014/01/02 - The growing personal disposable income, increasing consumer and government spending on healthcare to drive the hearing devices market in India - KenResearch.com.

   
 
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India is one of the fastest growing economies in the world. Constant GDP growth has led to a rise in per capita income. Due to the rise in income levels, people are now being able to afford spending on diagnosis and treatment of hearing loss. The demand for hearing devices is growing rapidly because of this continuous rise in income. The share of consumption in total GDP of India is higher than that of investment.

Hearing aids and hearing implants, the two available treatments for dealing with hearing impairment, are gaining popularity among the Indian hearing impaired population due to the rising literacy level and awareness related to hearing care. However, the high cost of both hearing aids and implants is the primary reason inhibiting the growth of the two in India. Nonetheless, the growing affluence of the population is making hearing aids and implants more accessible to the hearing deficient people in India. Since people are now increasingly able to afford diagnosis, India is emerging as a promising market for hearing care devices.

The strong growth prospects of the Indian healthcare industry are attractive to many foreign companies to set up their base in India. The Ministry of Finance under the government of India has thus allocated a substantial amount for the health sector. The twelfth five year plan document proposes to increase India’s overall public spending on health (combined spending on health by the Centre and all states) by the end of the 12th Plan period. The government through its budgetary allocation for the Ministry of Health and Family Welfare and the National Rural Health Mission has taken a significant step towards upgrading the healthcare infrastructure in the country.

“With strong economic development and the subsequent increase in per capita income, the Indian population is increasingly being able to afford healthcare services. The Government of India is also engaged in increasing budgetary allocations in order to meet the growing need for diagnosis and treatment of hearing disorders amongst the masses.” according to the research report ‘India Hearing Impairment Market Outlook to 2018- Upsurging Demand for Hearing Care Devices’ by Ken Research.

The report provides detailed overview on the hearing aids, hearing implants, and hearing diagnostic equipments market in India and help readers to identify the ongoing trends in the key segments of the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will aid industry consultants, hearing devices companies, marketing companies and other stakeholders to align their market centric strategies according to ongoing and expected trends in future.

 
 
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Ken Research Private Ltd Publishes A New Report on India Hearing Impairment Market

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Publisher Contact: KenResearch.com 
+91 90 15378249 ankur[.]kenresearch.com
 
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