The Hearing Aids Market To Be Astoundingly Worth US$ 10,000 Mn Between 2017-2024

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Hearing Aids Market
Report Id PMRREP4414 Category Life Science
Healthcare
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The Hearing Aids Market To Be Astoundingly Worth
US 10,000 Mn Between 2017-2024

• A hearing aid is a device that is designed to
  help a person with hearing loss by making sound
  audible for them. Early devices are being
  replaced with modern hearing aids that are
  easy-to-use and compact. New technology is being
  introduced to offer a natural quality of sound
  without any disturbance. Next-generation of
  hearing aids are being developed to tackle the
  common problem of current hearing aids.
• New hearing aids equipped with smart sensors are
  being introduced offer convenience to the user.
  Wireless hearing aids are developed by companies
  are gaining popularity in the global hearing aid
  market. The voice is transferred directly to the
  hearing aid by eliminating background noise.
• As per the report by Persistence Market Research
  (PMR), the global hearing aids market is likely
  to see a sluggish growth during 2017-2024. The
  global market for hearing aids is estimated to
  surpass US 10,000 Million revenue by 2024 end.

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North America to Dominate the Global Hearing Aids
Market through 2024
Region-wise, North America is expected to lead
the global market for hearing aids. By 2024 end,
North America is estimated to bring in more than
US 4,000 Million revenue. In the U.S. and
Canada, hearing loss is becoming a common problem
among children and adolescents. Hence, the
increasing number of people are using hearing
aids. As per the data collected by Centers for
Disease Control and Prevention (CDC) in 2014,
revealed that around 97 of newborns were
screened for hearing loss in the U.S. Also, more
than 90 of children are born deaf to parents
with hearing ability, according to the National
Institute of Deafness and Other Communication
Disorders. Hence, the majority of the companies
are launching hearing aids in North America.
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