Hearing Aids Market Technology, Product Scope, Demand, Business Scenario, Trends, Share, Applications, Types and Forecasts 2019– 2027
Rise in the geriatric population is one of the significant
factors influencing the market growth. It has been estimated that by 2050
approximately 16.0% of the global population will be aged more than 65 years,
which is expected to increase five-fold since 1950. Elderly people suffer from
various complications, including hearing loss. Hearing loss in geriatric people
may occur due to various factors, but generally, it occurs from changes in the
auditory nerve and inner ear with aging. Besides, medications and certain
healthcare issues may also trigger the condition.
The Global Hearing Aids Market is anticipated to grow at a significant
rate during the forecast timeline of 2019-2027, majorly bolstered by the surge
in demand for the industry in the regional and global markets. The
comprehensive analysis of the Hearing Aids industry offers the businesses
insightful data to assist them in capitalizing on the lucrative growth
opportunities in the Hearing Aids industry.
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Pediatrics are estimated
to observe a CAGR of 4.6% in the forecast period, as the amplification of sound
stimulates and promotes the growth of the brain’s auditory centers, thereby
assisting in a child’s critical learning.
The report further sheds
light on strategic initiatives and business expansion plans undertaken by the
key companies operating in the Hearing Aids industry. The report assesses the
strategies such as mergers and acquisitions, government and corporate deals,
partnerships and collaborations, joint ventures, brand promotions, and product
launches, among others.
Key participants
include
Benson Hearing, Starkey, Medtronic, Sivantos Pte. Ltd., MED_EL, WIDEX USA Inc.,
GN Store Nord A/S, Phonak, William Demat Holding A/S, and Rion, among others.
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The research study
presents an industry-wide summary of the Hearing Aids market, including
drivers, constraints, technological advancements, product developments,
limitations, growth strategies, growth prospects, etc. among others. The report
analyzes the market based on different categories, such as product types,
end-user applications, and leading geographical regions.
Major
Geographies Analyzed in the Report:
North
America (U.S., Canada)
Europe
(U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific
(India, Japan, China, South Korea, Australia, Rest of APAC)
Latin
America (Chile, Brazil, Argentina, Rest of Latin America)
The
Middle East & Africa (Saudi Arabia, U.A.E., South Africa,
Rest of MEA)
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It offers a lucid picture
of current trends in the global market, with an unbiased perspective of the
leading market players, key regions/countries, end-use industries, and various
product types.
·
Type Outlook (Revenue,
USD Billion; 2017-2027)
o Behind-the-ear
Hearing Aids
o Receiver
in-the-ear Hearing Aids
o In-the-ear
Hearing Aids
o Canal
Hearing Aids
o Others
·
Hearing Loss Outlook
(Revenue, USD Billion; 2017-2027)
o Sensorineural
Hearing Loss
o Conductive
Hearing Loss
·
Application Outlook
(Revenue, USD Billion; 2017-2027)
o Adults
o Pediatrics
·
Distribution Channel
Outlook (Revenue, USD Billion; 2017-2027)
o Online
o Offline
The market intelligence
report exhaustively examines the market value, share, demand, growth prospects,
latest and historical trends, manufacturers, gross revenue collection,
competitive terrain, market growth forecast, available products, and end-use applications.
Global
Hearing Aids Market Report – Table of Contents:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive
Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Hearing Aids
Market Segmentation & Impact Analysis
4.1. Hearing Aids Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1.
Government’s support for improving the life of hearing-impaired individuals
4.2.2.2.
Rising geriatric population
4.2.2.3.
Increasing healthcare expenditure
4.2.3. Market restraints analysis
4.2.3.1.
High cost of hearing aids
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Hearing Aids Market By Type
Insights & Trends, Revenue (USD Million)
5.1. Type Dynamics & Market Share, 2019 & 2027
5.1.1. Behind-the-ear- Hearing Aids
5.1.2. Receiver in-the-ear Hearing Aids
5.1.3. In-the-ear Hearing Aids
5.1.4. Canal Hearing Aids
5.1.5. Others
Chapter 6. Hearing Aids Market By Hearing
Loss Insights & Trends Revenue (USD Million)
6.1. Hearing Loss Dynamics & Market Share, 2019 & 2027
6.1.1. Sensorineural Hearing Loss
6.1.2. Conductive Hearing Loss
6.1.3. Mixed Hearing Loss
6.1.4. Others
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