Press release
Rising Elderly Population Expected to be a Major Contributor to the Hearing Amplifiers Industry Growth
Research Dive
This study provides comprehensive insights about the impact of COVID-19 on global hearing amplifiers market.
Our report includes:
Technological Impact
Social Impact
Investment Opportunity Analysis
Pre- & Post-COVID Market Scenario
Infrastructure Analysis
Supply Side & Demand Side Impact
For More Detail Insights, Download Sample Copy of the Report at: https://www.researchdive.com/download-sample/352
As per new study done by Research Dive, the global hearing amplifiers market is expected to register for $108.0 billion revenue by 2027 and rising at a 5.9% CAGR throughout the forecast period from 2020 to 2027. The global market segmentation is done on the basis of product, distribution channel and region. This study intended to provide complete information about drivers, opportunities, restraints, segmentation and prominent players in the overall market.
Factors affecting the market growth
As per our analysts, growing geriatric population across the globe along with technological advancements in the hearing amplifiers are major driving factors for the growth of the market in the forecast period. Nevertheless, people are hesitant to wear due to social stigma is expected to limit the hearing amplifiers market growth.
Behind-the-ear products and hospital pharmacies segments accounted for significant market size in 2019
By product, the global market has been segmented into in-the-ear and behind-the-ear. In both of these, behind-the-ear segment accounted for highest hearing amplifiers market size, it was valued about $46.5 billion in 2019 and is expected to continue its command in the forecast years. Wide utilization of behind-the-ear amplifiers by the most of the consumers due to helps in improving hearing capability and suitable for all age groups. This factor is estimated to drive the market growth in the forecast years.
Connect with Analyst to Reveal How COVID-19 Impacting On Market: https://www.researchdive.com/connect-to-analyst/352
By distribution channel, the global market has been segmented into online pharmacies, hospital pharmacies and others. Among these, hospital pharmacies segment generated for largest market share of hearing amplifiers market in 2019 and is expected to account for $48.1 billion by the end of 2027, at a CAGR of 6.4%. The old aged people will prefer to purchase products from hospital pharmacies due to unaware of online pharmacies, which will drive the market growth in the forecast timeframe.
Hearing Amplifiers Market, Geographical insights
North America region has dominated the global hearing amplifiers market share, which was 32.0% in 2019 and is expected to generate a revenue of $33.7 billion till 2027. This dominance is majorly owing to rising frequency of hearing disorders across the region and government supports for technological advancements in the hearing amplifiers market. Besides North America, Asia-Pacific will witness to grow at a notable rate of 6.7% CAGR and is predicted to generate ample growth opportunities in the global market during the forecast timeframe. Growing healthcare expenditure and disposal income of individuals are estimated to fuel the market growth in the Asia-Pacific region.
View out Trending Reports with the Impact of COVID-19: https://www.researchdive.com/covid-19-insights
Top 10 Prominent players operating in the Global Hearing Amplifiers Market include-
1. iHEAR Medical, Inc.
2. Etymotic Research, Inc.
3. MDHearingAid
4. SOUNDWORLD Solutions
5. FocusEar
6. IntriCon
7. Beurer
8. Otofonix
9. Amplifon
10. Britzgo.com
Mr. Abhishek Paliwal
Research Dive
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Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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