Market Size – USD
5,480.1 Million in 2019, Market Growth - CAGR of 6.3%, Market Trends –
Increasing hearing loss among individuals and the rising geriatric population
Global
Hearing Aids Market– Overview:
The latest market
intelligence report, titled ‘Global Hearing Aids Market’,is intended to provide
the target audience with the necessary information about the global Hearing
Aids industry. The report comprisesa detailed analysis of the vital elements of
the Hearing Aids market, including key drivers, constraints, opportunities,
limitations, threats, and micro- and macro-economic factors. The
reportcarefully investigates the present market scenario and the fundamental
growth prospects.The report entails an organized database of the Hearing Aids
market dynamics that helps market analysts estimate the global market growth
rate over the projected timeline.Therefore, the report, published by Reports
and Data, is a detail-oriented compilation of the crucial aspects of the Hearing
Aids market, including thekey players’ product offerings, the wide application
range of these products, the major market segments, leading market contenders,
their company profiles, pricing strategies, production capacities, revenue
generation schemes,technological advancements, and many others.
COVID-19
Impact Analysis:
This report is the
latest document encompassing the massive changes that took place in the Hearing
Aids market following the emergence of theCOVID-19 pandemic. The pandemic has
drastically affected the global economic landscape, thereby disrupting the
operating mechanism of the Hearing Aids market. The severe global crisis has
prompted organizations to efficiently respond to the rapidly shifting business
environment.Therefore, the report fully covers the profound impact of
COVID-19on this industry, with a special focus on the affectedindustry
segments. However, the market is expected to regain momentum in the
post-COVID-19 era. The report also offers an initial and future impact
assessment of the pandemic on the Hearing Aids industry. Hence, the vital
COVID-19 insights offered by the report are expected to help organizations
manage their businesses effectively in extreme economic uncertainties.
Get
more insights about the global trends impacting the future of Hearing Aids
market, Request Free Sample @ https://www.emergenresearch.com/request-sample-form/108
Key
Highlights from the Report:
- Canal hearing aids segment is anticipated to record a substantial growth throughout the projected timeline, registering a CAGR of 7.8%. The rapid growth can be credited to the advantage of canal hearing aids in reducing the occlusion effect and preventing the listeners from being overwhelmed with the feedback.
- The sensorineural hearing loss segment contributed to a massive market share in 2019 and is anticipated to continue its dominance throughout the forecast timeframe. This can be credited to the rising prevalence of sensorineural hearing loss among adults. Sensorineural hearing loss occurs after trauma to the inner ear and may cause hearing difficulty, even for soft sounds.
- The pediatrics segment is presumed to expand at a CAGR of 4.6% through the projected timeframe. This is because sound amplification augments the growth of the auditory center and enhances critical learning in children.
- Europe commanded the market growth during the projected timeline and is forecasted to grow at a CAGR of 5.8% in the projected years. This can be attributed to the rising geriatric populace and the rising prevalence of hearing loss.
- Major market players in the industry are Starkey,Benson Hearing, Phonak,Medtronic, Sivantos Pte. Ltd., GN Store Nord A/S, MED-EL, Widex USA Inc., Rion, and William Demat Holding A/S, among others.
- Phonak, in January 2020, unveiled the Naida Marvel (M), which is a multifunctional and fully connected hearing aid to treat patients with severe-to-extreme hearing impairment. The hearing aid can be directly paired with Bluetooth devices like tablets, smartphones, smart TVs, and PCs.
For the purpose of this
report, Emergen Research has segregated the market on the basis of type,
hearing loss, application, distribution channel, and region:
To
know more about the report, click @ https://www.emergenresearch.com/industry-report/hearing-aids-market
Type
Outlook (Revenue, USD Billion; 2017-2027)
- Canal Hearing Aids
- In-the-ear Hearing Aids
- Receiver in-the-ear Hearing Aids
- Behind-the-ear Hearing Aids
- Others
Hearing
Loss Outlook (Revenue, USD Billion; 2017-2027)
- Sensorineural Hearing Loss
- Conductive Hearing Loss
Application
Outlook (Revenue, USD Billion; 2017-2027)
- Pediatrics
- Adults
Distribution
Channel Outlook (Revenue, USD Billion; 2017-2027)
- Offline
- Online
Regional
Outlook (Revenue, USD Billion; 2017-2027)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
U.K.
o
France
o
BENELUX
o
Rest of Europe
·
Asia Pacific
o
China
o
Japan
o
South Korea
o
Rest of APAC
·
Latin America
o
Brazil
o
Argentina
o
Chile
o
Rest of Latin America
·
Middle East & Africa
o
Saudi Arabia
o
South Africa
o
Rest of MEA
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