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New Visiongain Report: Global Hearing Aids Market Report 2019-2029
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Market Definition:
• Hearing Aids are defined as the small size electronic devices which are wear on the ears to improve the hearing capability of a person with hearing issues or problems. There are various types of hearing aids which are available in the market such as RITE, ITE, CHA and others.
Market Overview and Trends
• Europe is expected to dominate the market due to increasing number of old age population in the region and government is taking initiate to overcome the issue. Additionally, the presence of various key players in the market also contributes in the growth of the market.
• The global hearing aids market is projected to reach is expected to grow with a CAGR of 6.6% during the forecast period. There are various factors which are playing an important role for the growth of the market such as high prevalence of hearing loss; technological advancements and increasing geriatric population, in hearing aids are driving the global market.
• The technological advancement in the products and miniaturization is demand.
Market Dynamics:
Factors Influencing the Market Growth:
• Increasing geriatric population
• Technological advancements
Factors Restraining the Market Growth:
• High cost
• Low awareness
Market Segmentation 2019-2029:
Technology Type
• Digital Hearing Aids Market, 2019-2029
• Analog Hearing Aids Market, 2019-2029
Type of Hearing Loss
• Sensorineural Hearing Loss Market, 2019-2029
• Conductive Hearing Loss Market, 2019-2029
Application
• Behind the Ear (BTE)Market, 2019-2029
• Receiver in the Ear (RITE)Market, 2019-2029
• In the Ear (ITE)Market, 2019-2029
• Canal Hearing Aids (CHA)Market, 2019-2029
• Other Hearing Aids Devices Market, 2019-2029
Geographic breakdown
Focused regional forecasts and analysis explore the future opportunities:
• North America Market, 2019-2029
• Europe Market, 2019-2029
• Asia-Pacific Market, 2019-2029
• Middle East Market, 2019-2029
• Africa Market, 2019-2029
Competitive Analysis:
• North America accounts the second largest market share after Europe in 2019 due to rise of old age people in the region. Additionally, the presence of well-developed healthcare infrastructure, and advance technology in the region, drives the market.
• Asia Pacific is anticipated to witness the fastest growth during the forecast period due to high population base and increasing geriatric population. Additionally, the increasing investment in the growing economies such as India, Australia, and others for the healthcare sector is a major factor for the growth of the market. Moreover, various companies are investing highly in the growing economies and are focusing for the market expansion in these regions
Major Market Players:
Amplifon, Audina Hearing Instruments Inc., Cochlear Ltd, GN Hearing A/S (GN Store Nord), Horentek, SeboTek Hearing Systems LLC, Sivantos Group (Sivantos Pte. Ltd), Sonova Holding AG, Starkey, Demant A/S, Med-El, Zound Hearing, RION CO., LTD., Benson Hearing, Medtronic, Widex USA, Inc., Arphi Electronics among others also provided in this report.
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Do you have any custom requirements we can help you with? Any need for specific country, geo region, market segment or specific company information? Contact us today, we can discuss your needs and see how we can help: sara.peerun@visiongain.com
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About Visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.
Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.
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