Hearing Aids Market - Growth, Trends And Forecasts (2020-2027) by Emergen ResearMarket 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
The new report titled ‘Global Hearing Aids Market,’ published by Reports and Data, is a vivid presentation of the global Hearing Aids market, with utmost focus on the forecast market size, share, value, and volume over the projected timeline. The report throws light on the current economic landscape of this business vertical and evaluates thetop market trends. It has been compiled through significantprimary research, including surveys, interviews, and expert analysts’ observations. It features insightful qualitative and quantitative assessments of the Hearing Aids industry, gathering industry-verified data from the value chain analysis. The report, additionally, examines the prevailing trends in the market, along with the macro- and micro-economic indicators.
The report delivers a deep understanding of the key aspects of the Hearing Aids market, for instance, import and export dynamics, production and consumption rates, and consumer bases across the major market regions. Thus, the report concludes with the essential market statistics presented in a tabular format to help readers get a clear idea of the global market dynamics.
This report is the latest document discussing the current economic situation gravely impacted by the COVID-19 outbreak in detail. The global health emergency has led to massive changes in the global economy andthe Hearing Aids business sphere. The current scenario of this ever-evolving business vertical has been clearly depicted in the report, which contains a broad analysis of the pandemic’s present and future effects.
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)
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
Regional Outlook (Revenue, USD Billion; 2017-2027)
o U.S.
o Canada
o Mexico
o Germany
o U.K.
o France
o BENELUX
o Rest of Europe
o China
o Japan
o South Korea
o Rest of APAC
o Brazil
o Argentina
o Chile
o Rest of Latin America
o Saudi Arabia
o U.A.E.
o South Africa
o Rest of MEA
About This Author | pradip
Joined: December 24th, 2020
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