Hearing Aids Market worth 8,373.9 Million USD by 2020

The report “Hearing Aids Market by Product (Receiver-In-The-Ear, Behind-The-Ear, In-The-Ear, Canal Hearing Aids, Cochlear Implants, Bone Anchored Systems), Hearing Loss (Sensorineural, Conductive), End-User (Adults, Pediatrics) - Global Forecasts to 2020”, provides a detailed overview of the major drivers, restraints, challenges, opportunities, current market trends, and strategies impacting the hearing aids market along with the estimates and forecasts of the revenue and market share analysis.

The global hearing aids market is expected to reach USD 8,373.9 Million by 2020 from USD 6,183.3 Million in 2015, at a CAGR of 6.3% from 2015 to 2020.

Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=198630754

The report segments this market based on products, type of hearing loss, end-users, and regions. Among the various products, the hearing aids segment is expected to account for the largest share of the market while hearing implants segment is projected to grow at the highest CAGR from 2015 to 2020. The high growth in this segment can be attributed to the increasing technological advancements and regulatory approvals.

On the basis of type of hearing loss, the hearing aids market is segmented into sensorineural and conductive. The sensorineural segment is expected to account for the largest share of the global market in 2015. High prevalence of hearing loss and rising aging population are the factors propelling the growth of this market.

End-users, included in this market are adult and pediatric. The adult segment is expected to account for the largest share of the global market in 2015. High incidence of hearing loss with increasing ageing is driving the growth of this market.

Based on regions, the global hearing aids market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). Europe is expected to account for the largest share of the market during the forecast period. Growth in this regional segment is driven by factors such as high prevalence of hearing loss, increase in aging population, and increasing number of research activities to develop new and advanced hearing aid products in Europe.

Key players in this market include Cochlear Limited (Australia), GN Store Nord A/S (Denmark), MED-EL (Austria), SeboTek Hearing Systems, LLC (U.S.), Sivantos Pte. Ltd. (Singapore), Sonova (Switzerland), Starkey Hearing Technologies, Inc. (U.S.), Widex (Denmark), William Demant Holding A/S (Denmark), and Zounds Hearing, Inc. (U.S.).

About MarketsandMarkets

MarketsandMarkets is world’s No. 1 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

This release was published on openPR.