Press release
Hearing Aids Market Research and Development by Market Top Key Players Sonova Holding AG, Sivantos Inc., Cochlear Ltd., SeboTek Hearing Systems, LLC, Oticon A/S, Zounds Hearing Inc,
Hearing Aids
A hearing aid is a device designed to improve hearing by making sound audible to a person with hearing loss. Hearing aids are classified as medical devices in most countries, and regulated by the respective regulations.
Various major players operating in the hearing aids market are focusing on product diversification and customization for increasing their sales growth. Also, companies are continuously working on product development and advancement to cater to the need and requirement of the users.
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Advertisements about product features and controlling of cost of hearing aids through R&D activity will help manufacturers to tap major market share in the emerging economies. Moreover, increasing population and rising incidences of hearing loss, especially in emerging economies is expected to drive growth of the global hearing aids market.
Major players such as Sivantos Inc., Sonova Holding AG are focusing on product development and innovation to expand their sales network in emerging economies. For example, Sivantos Inc. has launched products with features such as Bluetooth connectivity, slick design, binaural listening technology, and customizable size as per user need. Also, in case of in-the-ear type of hearing aids, they provide features such as noise cancellation, vent for optimal ear ventilation.
The companies like Sivantos Inc. and William Demant Holding A/S are focusing on product development and innovation, as a part of this Sivantos Inc. has recently launched their new hearing aids brand Signia, which provide advanced hearing solutions, customizable aids and have discreet appearance and wireless connectivity to phone and TV features.
Some major players hold largest market share of hearing aids market are Sonova Holding AG, Sivantos Inc., Cochlear Ltd., SeboTek Hearing Systems, LLC, Oticon A/S, Zounds Hearing Inc, MED-EL, Sonic Innovations Inc., GN Hearing and William Demant Holding A/S.
The companies are also trying to establish control on retail chains to robust their product sale and supply the product directly to end user. In the year 2015 William Demant Holding A/S acquired Audika, which is the largest hearing aid dispensing chain in France.
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Detailed Segmentation:
Global Hearing Aids Market, By Technology:
Conventional Hearing Aid
Digital Hearing Aid
Global Hearing Aids Market, By Product:
Behind the Ear Hearing Aids
Receiver in the Ear Hearing Aids
In the Ear Hearing Aids
Completely In the Ear Hearing Aids
In the Canal Hearing Aids
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