Press release
Hearing Aids Market 2022: Popularity of Digital Aids to Increase in the Years Ahead
According to the latest market report published by Persistence Market Research titled "Hearing Aids Market: Global Industry Analysis and Forecast, 2016-2024," the global hearing aids market was valued at US$ 7,800.0 Mn in 2015 and is anticipated to register a CAGR of 3.9% from 2016-2024, to reach US$ 10.91 Bn by 2024.Request For Free Sample Market Report @ https://www.persistencemarketresearch.com/samples/4414
Hearing aids are used for the treatment of profound hearing loss. Disabling hearing loss refers to hearing loss greater than 40 decibels (dB) in the better hearing ear in adults and a hearing loss greater than 30 dB in the better hearing ear in children. Hearing loss is one of the six leading global diseases.
Approximately one-third of people over 65 years of age are affected by hearing loss. The prevalence in this age group is greatest in South Asia, Asia Pacific, and sub-Saharan Africa. According to the U.S. National Center of Health Statistics (NCHS), 12 out of every 1,000 Americans suffering from hearing loss belong to the age group of below 18 years.
An increasing prevalence of hearing loss among the population is likely to boost the demand for hearing aids globally and further fuel the growth of the global hearing aids market. Moreover, rapidly increasing usage rates of digital hearing aid technology and patient awareness levels are expected to drive market growth during the forecast period (2016 - 2024).
Buy Full Report Now and Get Up to 20% Discount @ https://www.persistencemarketresearch.com/checkout/4414
Market dynamics
The global hearing aids market is mainly driven by factors such as gradual increase in disposable income, increase in GDP, and increase in global geriatric population. However, factors such as poor reimbursement policies and lack of infrastructure will hinder the growth of the global hearing aids market in the coming eight years.
Market forecast
The global hearing aids market is segmented on the basis of Product (Behind-The-Ear (BTE) Hearing Aids, Receiver-In-The-Ear (RIE) Hearing Aids, In-The-Ear (ITE) Hearing Aids, In-The-Canal (ITC) Hearing Aids, Completely-In-The-Canal (CIC) Hearing Aids; Technology (Conventional Hearing Aids, Digital Hearing Aids); End User (Audiology Clinics, ENT Clinics, Online Stores); and Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).
The Behind-The-Ear (BTE) Hearing Aids segment is estimated to be the highest contributor to the global hearing aids market in terms of value share by 2016 end, followed by the Receiver-In-The-Ear (RIE) Hearing Aids segment. These segments are anticipated to register CAGRs of 3.3% and 3.6% respectively over the forecast period.
The Digital Hearing Aids segment is expected to be the fastest growing and most attractive segment over the forecast period and is expected to create incremental opportunity of US$ 2,759.8 Mn between 2016 and 2024. The Audiology Clinics segment is anticipated to register a CAGR of 3.9% over the forecast period.
On the basis of region, the North America hearing aids market is expected to account for the highest market value share in the global hearing aids market by 2024 end, followed by the Europe hearing aids market. The Europe hearing aids market is estimated to account for 28.0% revenue share by the end of 2016.
Request Customization@ https://www.persistencemarketresearch.com/request-customization/4414
Competitive landscape
The report profiles some of the top companies operating in the global hearing aids market. Key players featured in the report are Sonova, William Demant Holdings A/S, GN ReSound, Amplifon S.p.A., Cochlear Ltd., Starkey Hearing Technologies Inc., Widex A/S, and Sivantos Pte. Ltd. Leading market players are focusing on developing innovative products through robust R&D initiatives to expand their product portfolio and are adopting advanced technologies to provide better solutions to patients. Some companies are also entering into strategic collaborations with other leading market players to develop innovative products and expand their geographical presence.
Media Contact:
Persistence Market Research
305 Broadway,7th Floor New York City, NY 10007 United States
Call +1-646-568-7751
Call +1 800-961-0353
sales@persistencemarketresearch.com
About Us
Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Hearing Aids Market 2022: Popularity of Digital Aids to Increase in the Years Ahead here
News-ID: 2808647 • Views: …
More Releases from Persistence Market Research
Bio Lubricants Market Set to Grow from US Dollar 1,808.4 Million in 2025 to US D …
The bio lubricants market is witnessing a strong growth trajectory as industries across automotive, aerospace, and construction increasingly shift toward sustainable and environmentally friendly alternatives. Bio lubricants are derived from renewable biological sources such as vegetable oils, animal fats, and synthetic esters, offering superior biodegradability and lower toxicity compared to traditional petroleum based lubricants. With rising environmental awareness, stringent government regulations, and growing industrial applications, the market for bio lubricants…
Alcohol Market Projects Growth from US$ 1,362.4 Million in 2025 to US$ 1,891.6 M …
The global guerbet alcohol market is undergoing substantial transformation as industries increasingly turn toward specialized fatty alcohols to enhance product performance and meet evolving consumer expectations. Guerbet alcohols, known for their superior stability, lubricity, and enhanced spreading properties, play a key role across cosmetics, personal care, pharmaceuticals, industrial lubricants, metalworking fluids, and plastic processing. Their unique branched structure allows for high oxidative stability, improved water resistance, and better formulation compatibility,…
Agrifiber Products Market Set to Increase from US$ 2034.4 Million in 2025 to US$ …
The agrifiber products market is gaining strong momentum as industries across construction, furniture, packaging, and automotive shift toward sustainable and natural material alternatives. Rising environmental awareness, concerns about deforestation, and the need for affordable renewable materials have positioned agrifiber as an ideal solution across multiple industrial segments.
Agrifiber materials are manufactured using agricultural residues such as rice husk, wheat straw, bagasse, coconut husk, and various biomass resources that are widely available…
Synthetic Leather Market Rising from 65.6 Billion USD in 2025 to 111.1 Billion U …
The global synthetic leather market is expanding rapidly as rising sustainability concerns, technological advancements, evolving consumer values, and strong performance characteristics shape the future landscape of leather alternatives. Industries including automotive, footwear, fashion, furniture, and sports goods are transitioning toward synthetic substitutes because they are more consistent in quality, easier to produce at scale, cost effective, and aligned with global environmental priorities. As brands and manufacturers shift toward environmentally responsible…
More Releases for Hearing
Atlantic Hearing Care, Inc. Champions Hearing Health with Expert Audiologists & …
Image: https://www.globalnewslines.com/uploads/2025/08/1754924892.jpg
Swampscott & Peabody, MA - Atlantic Hearing Care, Inc., a locally owned, patient-centered leader in audiological services, is proud to reaffirm its unwavering commitment to superior hearing health care. With two convenient locations in Swampscott and Peabody, Massachusetts, the practice continues to elevate community access to comprehensive hearing evaluations, expert audiologist consultations, and a wide array of advanced hearing aids.
As hearing loss affects millions, impacting communication, cognition and emotional…
Audio Help Hearing Centers Elevates Hearing Care with Expert Audiologists and Ad …
Image: https://www.globalnewslines.com/uploads/2025/05/1748357801.jpg
NEW YORK, NY - Audio Help Hearing Centers, a trusted leader in hearing healthcare, continues to set the standard for excellence by offering comprehensive hearing services through its team of expert audiologists. With convenient locations across Chelsea, Columbus Circle, Park Avenue, Scarsdale, and Stamford, Audio Help remains committed to delivering personalized care and the latest in hearing aid technology.
At Audio Help Hearing Centers [https://www.audiohelphearing.com/], patients receive individualized attention from…
Dr George Hearing Centers Expands Hearing Solutions with Custom ITE And Canal He …
Image: https://www.globalnewslines.com/uploads/2025/03/1742895322.jpg
Dr. George Hearing Centers expands its offerings with discreet and high-quality solutions for hearing loss.
Larnaca - March 25, 2025 - Dr. George Hearing Centers recently announced their expansion of innovative hearing solutions with custom In-the-Ear (ITE) and Canal Hearing Aids. This addition to their product lineup reflects the company's endeavour to providing high-quality, personalised hearing care for individuals experiencing hearing loss. The lineup includes Invisible-in-the-canal (IIC), Completely-in-the-canal (CIC), In-the-canal…
Ontario Hearing Centers in Rochester, NY: Delivering Exceptional Hearing Care an …
Image: https://www.globalnewslines.com/uploads/2025/01/1737435436.jpg
Rochester, NY - Ontario Hearing Centers is proud to be a trusted provider of comprehensive hearing care in Rochester, NY. As a locally owned practice with decades of experience, Ontario Hearing Centers continues to set the standard for personalized audiology services and cutting-edge hearing aid technology in the region.
At the heart of Ontario Hearing Centers' success is its commitment to helping individuals improve their quality of life through better…
Global Wireless Hearing Aid Market Driving Future Growth on Wireless Hearing Aid …
Global Wireless Hearing Aid Market 2025:
Global Wireless Hearing Aid Industry Market professional research 2015-2025, is a report which provides the details about industry overview, industry chain, market size (sales, revenue, and growth rate), gross margin, major manufacturers, development trends and forecast.
PDF Copy Available at Disconted Price Check Discount @ https://www.marketgrowthinsight.com/discount/90344
The Global Wireless Hearing Aid Market will reach xxx Million USD in 2020 with CAGR xx% 2020-2025. The objective of…
Smart Hearing Aids Market Development Insight and Manufacturers Challenges By Ke …
Recent research and the current scenario as well as future market potential of "Global Smart Hearing Aids Market Professional Survey Report 2019".
The Smart Hearing Aids Market comprehensively describes the market and prognosticates it to depict a highly illustrious growth during the forthcoming years. The report offers in-depth analysis of current and future Smart Hearing Aids Market outlook across the globe. The report is projected to help readers with the regions…
