Brazil Hearing Aids Market reach at a Healthy CAGR forecast by 2026 | Major Players- GN Store Nord A/S, Microson, Horentek, RION CO. Ltd, Amplifon, Starkey, MED-EL Medical Electronics, Sonova, William Demant Holding A/S, Sivantos PTE Ltd. WIDEX A/S

Hearing Aid is referred to as a small electronic device which is worn in behind or in the ear to amplify the sounds to someone suffering from hearing loss. The hearing aid technology has been improving significantly over these years and today’s products are more sophisticated than twenty years ago. However, only 20% of people who might benefit from these hearing aids use them. NIH supported researchers are looking for ways for advanced hearing aid technologies and for developing various hearing aid device fitting strategies and the auditory rehabilitation programs for improving the quality of life and communication experience for millions of people having hearing loss. Today, an estimated 17% of American adults have reported some kind of hearing loss. And nearly half of the adults who are 75 years and older are suffering from hearing loss.

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Brazil hearing aids market is expected to reach at a healthy CAGR in the forecast period of 2019 to 2026.

Competitive Analysis: Brazil Hearing Aids Market

Some of the major players operating in this market are-Sonova, William Demant Holding A/S, Sivantos PTE. Ltd, WIDEX A/S, GN Store Nord A/S, Microson, Horentek, RION CO. Ltd, Amplifon, Starkey, MED-EL Medical Electronics, Cochlear Ltd. and others.

Segmentation: Brazil Hearing Aids Market

Brazil hearing aids market is segmented based on product, device types, type of hearing loss, patient type and distribution channel.

On the basis of product, the market is segmented into hearing aid devices and hearing implants.

In February 2018, SONOVA and the brands of the company together Phonak and Advanced Bionics announced the introduction of new MultiBeam Technology a microphone technology used in the hearing aid and provides the better hearing capability in the noise and provides better speech recognization.

On the basis of device types, the market is segmented into digital hearing aids and analog hearing aids.

On the basis of type of hearing loss, the market is segmented into sensorineural hearing loss and conductive hearing loss.

On the basis of patient type, the market is segmented into adults and pediatrics.

On the basis of the distribution channel, the market is segmented into large retail chains, manufacturer-owned retail chains, public and others.
In August 2018, Starkey Hearing Technologies introduced the first hearing aid device with artificial intelligence and integrated sensors. This strategy has helped in the expansion of the product portfolio and would help in enhancing the customer base.

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Major Insights of the Report:

• To describe and forecast the Brazil Hearing Aids Market, in terms of value, by the process, product type, and industry
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Brazil Hearing Aids Market.
• The key findings and recommendations highlight crucial progressive industry trends in the Brazil Hearing Aids Market, thereby allowing players to develop effective long term strategies
• To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the Brazil Hearing Aids Market.
• The report offers market share appraisals for regional and global levels.

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