Hearing Aids Market to Surpass US$ 11.2 Billion Threshold by 2025 With Top Key Vendors Holding AG, Sivantos Inc., Cochlear Ltd., SeboTek Hearing Systems, LLC, Oticon A/S, Zounds Hearing Inc, MED-EL, Sonic Innovations Inc.

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.

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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.

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.

Key features of the study -

- This report provides in-depth analysis of the hearing aids market and provides market size (US$ Mn) and Cumulative Annual Growth Rate (CAGR) (%) for the forecast period (2017–2025)
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market. It provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, pipeline products, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the global hearing aids market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, and future plans
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, market expansion, and marketing tactics
- The global hearing aids market report caters to various stakeholders in this industry, including investors, product developers, distributors, healthcare companies, research institutes, medical device companies, new entrants, and financial analysts
- Stakeholders would greatly benefit in decision making through the various strategy matrices used in analyzing the hearing aids market

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