Hearing Amplifiers  Market 2021 Analysis by Global Manufacturers - SoundHawk, Resound, Foshan Vohom Technology, Sound World Solutions

Hearing Amplifiers  Market with COVID-19 Impact by Component, Application, Services, and Region- Forecast to 2027

The report published by Market Insights Reports represents the context of current and future trends driving global Hearing Amplifiers  Market growth. Hearing amplifiers market is segmented into five major regions: North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The research analysts provide accurate forecasts for the Hearing Amplifiers  Market and its sub-markets over the timeframe with SWOT and value chain analysis. The segmentation in Hearing Amplifiers  Research study has been finalized post-in-depth secondary research and extensive primary research.

The Hearing Amplifiers Market is expected to exceed more than US$ 84.5 Billion by 2027 at a CAGR of 6.7% in the given forecast period.

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Top Companies in the Global Hearing Amplifiers  Market are- SoundHawk, Resound, Foshan Vohom Technology, Sound World Solutions, Shenzhen LA Lighting, Austar Hearing, Huizhou Jinghao Electronics, ZipHearing

Market Analysis and Insights : Global Hearing Amplifiers Market
Hearing amplifiers market is segmented into five major regions: North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. In 2015, North America lead the global market of hearing amplifiers followed by the Europe in terms of revenue. According to statistics compiled by the National Institute on Deafness and Other Communication Disorders (NIDCD), 37.5 million adults aged 18 and older in America report some form of hearing loss.
According to the National Institute on Deafness and Other Communication Disorders (NIDCD), 28.8 million U.S. adults could benefit from using hearing aids and more than 90 percent of deaf children are born to parents suffering from some kind of hearing disorder. Globally, the hearing amplifiers market is expected to witness a healthy CAGR in terms of revenue during the forecast period.
Latin America, Middle East & Africa and Asia Pacific regions are the emerging markets in the global hearing amplifiers market.  Increasing awareness among the various distribution channels as well as consumers in these regions is anticipated to propel global market growth of hearing aids and amplifiers during the forecast period.

This report fragments the Global Hearing Amplifiers  Market based on Types are-

On the ear
In the ear

 Based on Application, the Global Hearing Amplifiers  Market are divided into-

Old People
Hearing Impaired Persons

High Prevalence of Hearing Amplifiers  and Increasing Transition from Episodic to Hearing Amplifiers  to Drive the Market

- According to a report by the World Health Organization (WHO), in 2013, Hearing Amplifiers was the 6th most common cause for a year lost due to disability across the globe. According to a study, titled “Lifting the Burden”, conducted by World Health Organization and other prominent institutes in 2011, the prevalence of Hearing Amplifiers  across the globe was around 11.0%. Other independent studies suggest this prevalence to be around 14.7%. Prevalence of Hearing - Amplifiers  among females is supposed to be 2 to 3 times more than in men.
- According to The Hearing Amplifiers  Trust of the U.K., around 2% of the world population is estimated to be affected by chronic Hearing Amplifiers . Furthermore, it is estimated that around 2 to 3% of episodic Hearing Amplifiers  patients transitioned to chronic Hearing - Amplifiers  Hearing Amplifiers  attacks are triggered by various factors such as environmental change, hormonal imbalance, and dietary change. Rise in incidences of these triggering factors is projected to increase the number of episodic Hearing Amplifiers  patients, which in turn, is likely to increase chronic Hearing Amplifiers  patients’ population.

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Industry News And Updates-
Market Dynamics and Key Highlights from the report:

 - Increase in number of hearing impairment cases coupled with rising costs of hearing aids are expected to drive the growth of the global hearing amplifiers market during the forecast period. Majority of the consumers use hearing amplifiers or personal sound amplification products (PSAPs) as they are considered cheaper alternatives of hearing aids.
- Hearing amplifiers or PSAPs, are designed to amplify sounds in any recreational environment and are exempt from the Food and Drug Administration (FDA). Hearing amplifiers are sold directly to consumers as electronic devices without the requirement of a physician prescription. - According to National Institute on Deafness and other Communication Disorders (NIDCD), approximately 324,200 cochlear implants have been implanted worldwide.
- About 15 percent of Americans (26 million people) between the ages of 20 and 69 have high frequency hearing loss due to exposure to noise at work or during leisure activities. Major driving factors for the growth of the global hearing amplifiers such as an increase in the number of prevalence of hearing impairment patients in old and young population, increasing investment in research and development in ENT field among others.

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