Press release
Hearing Amplifiers Market 2024 Global Analysis By Key Players - Motorola Mobility, DopplerLabs, Sonova, William Demant, Siemens, Widex, Onsemi, Earlens Corporation, & more
Hearing Amplifiers
Hearing Amplifiers Market size is estimated to reach USD 84.4 million by 2023. Technologies such as Digital Signal Processing (DSP) have revolutionized the industry by integrating new applications in these products. Advances in research pertaining to the patent approval for powerful signal processing in accordance with the external environment is among the key growth drivers. Growing R&D in the field is set to expand applications, creating additional benefits for patients. For instance, digital wireless technology, wherein the hearing aid providers are offering Bluetooth accessories that allow the patients to operate the device through their mobile.
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On-the-ear hearing amplifiers market size was more than USD 40 million in 2015; shipments are forecast to grow at 6.6% over the forecast timeframe. Ongoing R&D activities pertaining to promote laser signaled products featured with larger frequency range present significant growth opportunities.
High prevalence of deafness, along with favorable regulatory and reimbursement scenario is expected to drive Europe hearing amplifiers market share. Germany and the UK served as the major revenue contributors, responsible for over 45% revenue in 2015.
Increasing initiatives by governments, healthcare providers and manufacturers may change the social stigma associated with these products, which acts as an obstacle to adoption. Furthermore, introduction of technologically sound products has made them very discreet, which will alleviate the impact associated with this restraint.
Companies accounting for hearing amplifiers market share are Sonova, William Demant, Siemens, Widex, etc. The industry is characterized by intense competition, mainly due to limited product differentiation.
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Water resistant products with protective wrappers, dehumidifying kits, hearing aid dryers, and special nano coatings to make them water resistant that allows the devices to withstand the effects of perspiration, snow, rain, and other general moisture are also among major innovations. India, China, South Africa and Brazil are expected to be potential revenue generators for the hearing amplifiers market in the years to come owing to the high unmet needs, and rising per capita income in these countries.
Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Hearing Amplifiers Industry Insights
Chapter 4. Hearing Amplifiers Product Insights
Chapter 5. Hearing Amplifiers Regional Insights
Chapter 6. Company Profiles
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Related Report:
United States Hearing Amplifiers Market Report 2018
In this report, the United States Hearing Amplifiers market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.
https://www.marketstudyreport.com/reports/united-states-hearing-amplifiers-market-report-2018/?utm_source=RR-PSR
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