Press release
Future Scenarios of Hearing Healthcare Devices Market Globally by 2025: Significant Players Sonova,Sivantos & Widex
The growth of the global hearing healthcare devices market is driven by an increase in the incidence of hearing loss and growth in the geriatric population. Technological advancement in hearing devices and improvement in healthcare infrastructure in developing regions are expected to supplement the growth of the market. However, the low penetration rate of hearing devices hinders the growth of this market.
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MARKET PLAYERS:
• Sonova AG
• GN Store Nord A/S
• Sivantos Group
• Widex A/S
• Starkey Hearinf Technologies Inc.
• Cochlear Ltd
The global hearing healthcare devices market is segmented on the basis of product, end user, and geography. Based on the product, it is divided into the hearing device, hearing implants, and diagnostic instruments. The hearing devices segment is further classified into receiver-in-the-ear (RITE), behind-the-ear (BTE), canal, in-the-ear (ITE), and others.
The hearing implants segment is sub-segmented into cochlear implants and bone-anchored systems. By end user, the market is categorized into hospital & clinics, household use, and others. Geographically, it is analyzed across North America, Europe, Asia Pacific, and LAMEA. These regions are further analyzed across the globe at the country level to determine the market size and forecast for each segment and subsegment.
KEY BENEFITS OF HEARING HEALTHCARE DEVICES MARKET:
• Extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
• Quantitative analysis from 2017 to 2023 is provided to enable the stakeholders to capitalize on the prevailing market opportunities.
• Comprehensive analysis of all geographical regions is provided to determine the prevailing opportunities.
• Key players are profiled and their strategies are analyzed thoroughly to understand the competitive outlook of the global market.
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