Global Hearing Aids Market - New Business Opportunities and Investment Research Report

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- New Business
Opportunities and
Global Hearing Aids Market Investment Research
Report
The Hearing Aids are used to improve hearing
sensitivity and to cover hearing loss problem.
There are five major types of hearing aids
available in market are behind the ear hearing
aids, receiver in the ear hearing aids, in the
ear hearing aids, completely in the ear hearing
aids and in the canal hearing aids. Among all
these, behind the ear hearing aids type is
mostly preferred by the deaf people as it sits
comfortably behind the ear. Also the hearing
aids differ by technology and are conventional
hearing aids and digital hearing aids, among
these digital type of hearing holds major market
share as this type of hearing aids provide more
benefits as compare to conventional hearing aids
such as improvement in programmability, greater
precision in fitting, management of discomfort
related to loudness and noise reduction. The
digital hearing aids are associated with high
cost than conventional hearing aids although
provides better hearing and have longer life
span. The user can change the hearing aid
setting by pushing a button only but in case of
conventional hearing aids it is not possible as
this aids are based on particular frequency
response of audiogram of the user. Request
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uest-sample/415 Market Dynamics Increase in
number of deaf people around the globe is fueling
growth of hearing aids market, furthermore,
rising demand for technologically advance hearing
aids due to increased awareness among deaf
people to manage hearing loss will support the
growth of hearing aids market in the near future.
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The continuous advancement in technology is the
other factor supporting to the growth of hearing
aids market also the companies has increased
focus on emerging countries to expand their
customer base as this emerging countries such as
China and India holds the largest population
globally and also there is rising incidence of
hearing loss cases in this region will support
the growth of market. Also the manufacturers are
focusing on product development to design the
better hearing aid and improve the performance
and life of the aid. For example, Sivantos Inc.
launched new product brand Signia, which
increases battery life and provides additional
features such as Bluetooth connectivity to the
T.V. and phone. It is expected that, these
technologically advanced devices will help to
expand the market in emerging as well as
developed countries in the near future. Market
Taxonomy This report segments the global hearing
aids market on the basis of technology, product
type, and geography. On the basis of technology,
the market is categorized into Conventional and
Digital hearing aids. Among these, the digital
hearing aids segment dominate the hearing aids
market throughout the forecast period. On the
basis of product type, the market is divided
into behind the ear hearing aids, receiver in
the ear hearing aids, in the ear hearing aids
completely in the ear hearing aids and in the
canal hearing aids. Among type of products,
behind the ear hearing aids holds major market
share as this type of products preferred more by
deaf people due to their comfortability and
design as the user can hide the device at the
back side of ear. The global hearing aids
market was valued at US 7584.8 million in 2016
and is expected to witness a robust CAGR of 4.6
during the forecast period (2017
2025). Increasing geriatric population and
advancement in hearing aids technology will
increase growth of the hearing aids market over
the forecast period North America is leading the
global hearing aids market with the highest
market share followed by Europe. Factors such as
high geriatric population and rapid adoption
rate of hearing aids devices are increasing
growth of hearing aids market in this region.
However, Asia Pacific is expected to witness the
highest growth rate in hearing aids market
during the forecast period due to increasing
population in the emerging economies such as
China and India. Some major players hold largest
market share of hearing aids market are Sonova
Holding AG, Sivantos Inc., Cochlear Ltd., SeboTek
Hearing Systems, LLC, Oticon A/S, Zounds Hearing
Inc, MED-EL, Sonic Innovations Inc., GN Hearing
and William Demant Holding A/S. Inquire Here
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• Detailed Segmentation
• Global Hearing Aids Market, By Technology
• Conventional Hearing Aid
• Digital Hearing Aid
• Global Hearing Aids Market, By Product
• Behind the Ear Hearing Aids
• Receiver in the Ear Hearing Aids
• In the Ear Hearing Aids
• Completely In the Ear Hearing Aids
• In the Canal Hearing Aids
• Global Hearing Aids Market, By Geography
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East