Global Hearing Aid Market (Devices & Cochlear Implants): Industry Analysis & Outlook (2016-2020)

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Industry Research by Koncept Analytics
Global Hearing Aid Market (Devices Cochlear
Implants) Industry Analysis Outlook
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(2016-2020)
October 2016
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Executive Summary
Hearing aid market is an emerging healthcare
market due to introduction of various innovations
and dynamics. Hearing aid helps the people to
increase their hearing capability who are
suffering from loss of hearing. The hearing aids
are sold through multiple channels such as
company-owned stores, hearing aid clinics, big
box retailers, and through government agencies.
The global hearing aid market is segmented into
hearing aid, implants and diagnostics. The
competition in the hearing market is quite high
and the probable entry of new players will make
it more competitive. New technologies are
providing more flexible and convenient options in
the hearing aid category. Digital hearing aid
technology offers benefits such as high
efficiency, Wi-Fi, Bluetooth connectivity to help
the user have a better quality of life. The key
factors driving the growth of hearing aid market
are global diabetic population, global ageing
population, increasing healthcare expenditure,
increase in chronic kidney diseases and increased
use of headphones. Some of the noteworthy trends
and developments of this industry are growth in
cochlear implant segment, development of wireless
hearing aid and next generation rechargeable
hearing aid. However, the expansion of hearing
aid market is hindered by low average selling
price and threat from new entrants. The report
Global Hearing Aid Market (Devices Cochlear
Implants) Industry Analysis Outlook
(2016-2020) provides an in-depth analysis of the
global market along with markets of the US and
Europe. The major trends, growth drivers as well
as issues being faced by the industry are being
presented in this report. The industry comprises
few large players such as Sonova, William Demant
and GN Re Sound. All these companies have been
profiled in the present report highlighting their
key financials and business strategies for
growth.
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The market is driven by growing healthcare
expenditure, global diabetic population, increase
in chronic kidney diseases, global ageing
population and increased use of headphones.
Global Hearing Aid Market by Value (2015-2020)

• The global hearing aid market accounted for
  US.... billion in the year 2015 and is expected
  to increase to US.... billion by 2020.
• As of 2015, the hearing devices formed the
  largest share in the revenue with share which
  is estimated to reach . by 2020.
• Cochlear implant occupied . share and is
  expected to reach . by 2020. Bone conduction
  systems and diagnostic instruments formed and
  .. share respectively in 2015.

Global Hearing Aid Market by Segment (2015)
Global Hearing Aid Market by Volume (2010-2015)
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Growth in Cochlear implant segment, wireless
hearing aid and next generation rechargeable
hearing aid are the latest trends in the industry.
Global Hearing Aid Market by Volume (2016-2020)

• It is expected that the volume of hearing aids
  will increase in the near future and is estimated
  to reach . million units by 2020.
• The global hearing aid market has got the ..
  presence in region with . million units of
  hearing aid sold in 2015 increasing from .
  million units in 2014 followed by .. with .
  million units in 2015 increasing from .. million
  units in 2014
• The cochlear implant market was US..... million
  in the year 2015 increasing from US......
  million in the year 2014.

Global Hearing Aid Market by Region (2010-2015)
Global Cochlear Implant Market by Value
(2009-2015)
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