Hearing Amplifiers Market is expected to reach USD 98.1 Million by year 2026| iHear Medical, IntriCon, Samsung Electronics, Starkey Hearing Technologies, etc.

According to the current analysis of Reports and Data, the global Hearing Amplifiers market was valued at USD 58.2 million in 2018 and is expected to reach USD 98.1 Million by year 2026, at a CAGR of 6.7 %. The study covers Hearing amplifiers, a wearable electronic product that amplify sounds for people who are not deaf or hard of hearing. Hearing loss can be result of hereditary factor or some disease, accidents, adverse effects of medicines being used or long time exposure to loud noises.

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Companies considered and profiled in this market study

Soundhawk Corporation, Motorola Mobility, ShenzhenEnJoYou Electronics Company Limited, iHear Medical, IntriCon, Samsung Electronics, Starkey Hearing Technologies, Etymotic Research Incorporation, Earlens Corporation, Doppler Labs, Focus Ear LLC, Songbird Hearing Incorporation, Onsemi, Bragi, Nuheara, So Special Labs, EarGO and Sivantos Incorporation.

Hearing amplifiers are often misconceived as hearing aids which are approved and regulated by FDA. Hearing Amplifiers are also called as Personal Sound Amplification Devices (PSAP). PSAPs do not require a medical prescription and professional fitting. Hearing amplifiers or PSAPs are readily available out of the box. PSAPs come in various in price ranges, performance qualities, weight, and software algorithms and consumers may chose as per their application. Hearing amplifiers may come with directional microphones and customizable equalization of the audio signal that allows to clear up ambient or extraneous noise. However, hearing amplifiers or PSAPs are not medically advised substitutes for hearing aids and have been shown in many cases to deteriorate the patient's hearing abilities due to amplified noises blasted into the patient's ear drums. This may hamper future market growth.

Further key findings from the report suggest

1. Associated side effects related to Hearing Amplifiers and lack of regulation is likely to hinder the market growth during the forecast period.

2. As of 2018, On-the-Ear product segment is the dominating Hearing Amplifiers which holds 66.7% of the global market. European regional market is the largest consumer market for this product segment, followed by North America and Asia-Pacific regions

3. The industry is oligopolistic in nature with GN Resound, Sonova, Widex and William Demant controlling 80% of the total industry share for 2015. The industry doesn't have much product differentiation and are toughly priced

4. Hearing Amplifiers market is growing at a CAGR of 6% in Asia Pacific followed by North America and Europe, with 6.5% and 6.4% CAGR, respectively. High hearing impairment across the globe during forecast period across all regions and aging of world population along with increasing noise pollution are the key factor to accelerate the market growth

5. Asia Pacific is expected to account for the 22.6% of the global Hearing Amplifiers market. Developing nations such China, and India are likely to witness high growth as these countries are having more number of geriatric population and is expected to have more number of aged people residing might boost the market in Asia Pacific region

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For the purpose of this report, Reports and Data has segmented the Hearing Amplifiers market on the basis of product, distribution channel and region:

Product type Outlook (Revenue, USD Million; 2016-2026)

On-the-Ear
In-the-Ear

Distribution Channel Outlook (Revenue, USD Million; 2016-2026)

Hospitals
Local Pharmacies
Online Pharmacies
Others

Regional Outlook (Revenue, USD Million; 2016-2026)

North America
Europe
Asia Pacific
Middle East & Africa
Latin America

Find the extensive Report Description, TOC and Table of Figure @ https://www.reportsanddata.com/report-detail/hearing-amplifiers-market

Key selling points of this research study

1. The study gives an in-depth evaluation of the evolving competitive scenario that gives the reader/client a competitive edge.

2. It offers a holistic view of all critical aspects boosting or limiting the growth of the sector

3. The market intelligence report derives an eight-year forecast, including historical, contemporary, and potential market prospects, projecting the estimated progress of the market.

4. It aids informed decision-making by offering an exhaustive database of the pivotal market segments and sub-segments.

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