Hearing Aids Market Key Players | Sonova Holding AG, Sivantos, Cochlear Ltd., SeboTek Hearing Systems LLC

The global Hearing Aids market was valued at $8,938.4 Mn in 2020 and is expected to reach $14,943.2 Mn by 2028 growing at a CAGR of 6.6% over the forecast period 2021-2028

The hearing aids are used to improve hearing sensitivity and manage hearing loss problem. There are five types of hearing aids available in market, which includes behind the ear hearing aids, receiver in the ear hearing aids, in the ear hearing aids, completely in the ear hearing aids, and in the canal hearing aids. Amongst all, behind the ear hearing aids type is mostly preferred by the people with hearing issues as it fits comfortably behind the ear.

Some of the key players profiled in this report are Sonova Holding AG, Sivantos Inc., Cochlear Ltd., SeboTek Hearing Systems LLC, Oticon A/S, Zounds Hearing Inc., MED-EL, Sonic Innovations Inc., GN Store Nord A/S, Widex A/S, Starkey Hearing Technologies, and William Demant Holding A/S.

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• The detailed analysis of the impact of top factors impacting the growth of the market for the short and medium term

• Value chain analysis provides key inputs on the role of all stakeholders of the market

• Porter’s five force analysis provides the potency of suppliers & buyers, threat of new entrants & substitutes along with competitive scenario of the market

• SWOT analysis and recent developments of key players are included in the report so that companies can understand the strategies adopted by competitors and make required changes to their plans

• Estimations are calculated according to the current market scenario and projected future trends for the analysis period of 2021-2028

• The report discusses the trends and opportunities in various geographies so that companies can make region specific plans to gain competitive advantage

KEY MARKETS SEGMENTS

By Technology:
Conventional Hearing Aid
Digital Hearing Aid

By Product Type:
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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This release was published on openPR.