openPR Logo
Press release

Hearing Aid Market will Register a CAGR of 4.5% through 2024

05-08-2018 01:29 PM CET | Health & Medicine

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Hearing Aid Market will Register a CAGR of 4.5% through 2024

The global hearing aids market displays a largely oligopolistic competitive landscape with just six players holding a major market share. The dominance of these six market players is manifested in the fact that they held 98% of the total market share in 2015. Hence, the entry of new players is extremely difficult, and if a market player finds its way into the market, it is at a high risk of toppling down.

Moreover, the initial investment required for a new market player to enroot itself in the market is extremely high. This further discourages new players from entering the market and recalibrates the focus on the established players. Siemens Healthcare, Widex A/S, Starkey, Sonova Holding AG, GN ReSound, and the William Demant Holding Group are the top players in the global market for hearing aids. These players are prognosticated to engage in core research to develop better offerings for the customers.

Obtain Report Details @ https://www.transparencymarketresearch.com/hearing-aid-market.html

Transparency Market Research (TMR) estimates the key performance indicators of the global market for hearing aids over the period from 2016 to 2024. The market was valued at US$4.7 bn in 2015 and is forecasted to rise to a value of US$7 bn by the end of 2024. The CAGR of the market over the period from 2016 to 2024 is expected to settle at 4.5%. The adult hearing aids segment outdid the pediatric hearing aids segments by capturing a market share of around 95% in 2015.

Government Expenditure Propels Market Demand

Several governments are making efforts towards enhancing the quality of life of the populace. Since hearing impairments can be a bane for the people, governments have increased their spending towards equipping patients with hearing aids. This has created growth spaces within the market by offering lucrative opportunities to market players. Moreover, the geriatric population is at a higher risk of suffering from hearing losses, thus, making them the primary consumer of the market.

Request for Sample Copy of Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4952

The rising geriatric population, especially in North America, is expected to play an instrumental role in propelling demand within the global market for hearing aids. People suffering from hearing impairments have been anticipating new technologies and better products that can ease their discomforts. Hence, the new products that surface in the market are expected to be readily accepted by the consumers. Hearing impairments can also be caused due to untimely treatment of shocks and injuries, thus, necessitating the need for hearing aids within industrial units.

Sluggish Growth in Low-Income Countries

The emerging economies are still far from attaining prominence within the healthcare industry. Hence, it is difficult to provide hearing aids at subsidized rates to the all the patients, which hampers the growth of the market. Furthermore, hearing aids require regular replacement of batteries or repair of the machinery, which is not feasible for low-income groups. Hence, the penurious economic situation of the underdeveloped and developing countries is posing a threat to the growth of the global market for hearing aids. Nevertheless, the efforts of the market players to offer durable products at reasonable prices would serve as a boon for the market in emerging economies.

Enquiry for discount on this report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=4952

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Contact Us

Transparency Market Research
State Tower,
90 State Street, Suite 700
Albany, NY 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Hearing Aid Market will Register a CAGR of 4.5% through 2024 here

News-ID: 1043032 • Views: 135

More Releases from Transparency Market Research

Wood Pellet Market- Industrial Forecast, Market Analysis and Trends 2023
Transparency Market Research, in a report titled "Wood Pellets Market -Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023," states that the estimation of the global wood pellets market is anticipated to ascend from US$6.2 bn in 2014 to US$20 bn in 2023. In the event that these qualities remain constant, the report expresses that the market will enroll a 14.10% CAGR in that. View exclusive Global strategic
Electrical Submersible Pumps Market is projected to reach US$16.75 bn by the end …
An enormous number of unmistakable undertakings with solid brands right now speak to the greater part in the global electrical submersible pumps (ESPs) market. This furnishes the market with a profoundly focused seller scene. As indicated by Transparency Market Research (TMR), the main four organizations working in the market, containing Schlumberger Limited, Borets Company, LLC, Baker Hughes Incorporated, and GE Oil and Gas, held over 86% of the worldwide ESP
Circulating Fluidized Bed Boilers Market 2023 - Opportunities And Challenges
Innovation varieties, the ongoing advances in plan, and divided assembling have brought about a high level of rivalry in the global circulating fluidized bed (CFB) boilers advertise. This thusly has constrained the main endeavors in the market, for example, Alfa Laval AB, AE&E Nanjing Boiler Co. Ltd., Bharat Heavy Electricals Limited (BHEL), and others to concentrate on direct advertising. According to Transparency Market Research (TMR), most of these organizations as
Power Transmission Towers and Cables Market 2023 : Forecasts, Technologies, Play …
The global power transmission towers and cables market features an exceptionally divided and a particularly unique working condition, discovers Transparency Market Research (TMR). A portion of the main merchants in the market are Kalpataru Power Transmission Ltd., Zhejiang Shengda Steel Tower Co., Ltd., Nanjing Daji Iron Tower Manufacturing Co. Ltd., ShanDong DingChang Tower Co., Ltd., KEC International, Ltd., and Sumitomo Electric Industries, Ltd. Countless players working in this divided landscape

All 5 Releases


More Releases for CAGR

Wireless Charging Industry Climbing Towards CAGR 45.5%
According to a recent report published by Allied Market Research, titled, Global Wireless Charging Market by Technology and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2025, The global wireless charging market was valued at $5,220.0 million in 2017, and is projected to reach $71,213.0 million by 2025, registering a CAGR of 38.7% from 2018 to 2025. At present, Asia-Pacific dominates the market, followed by North America. In 2017, the U.S.
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Biogas Market CAGR to Grow at 6.5%
Global demand for biogas has witnessed a spike in demand, owing to mounting concerns over depleting fossil reserves and environmental impact of conventional fuels. According to Future Market Insights, global biogas market revenues totalled nearly US$ 24.5 Bn in 2015. During the forecast period 2016-2026, global biogas revenues are estimated to reach US$ 48, 761.2 million, growing at a steady 6.5% CAGR. Between 2016 and 2026, the global biogas revenues
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020
Biofertilizers Market witnessing a CAGR of 13.3%
Reports And Markets Publish a New Market Research Report On –"Biofertilizers Market - By Microorganism, Application and Geography - Trends and Forecasts (2016 -2021)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071907-global-biofertilizers-market-by-microorganism-application-forecasts-2016-2021 Market Insights The global biofertilizers market, estimated at USD 590.9 million in 2015, is projected to reach USD 1.23 billion by 2021, witnessing a CAGR of 13.3% during the forecast period. The biofertilizers market is highly fragmented, with many small