openPR Logo
Press release

Hearing Aids Market Forecasted to Reach US$ 10.91 Bn by 2024

07-07-2017 01:14 PM CET | Health & Medicine

Press release from: Persistence Market Research

Hearing Aids Market Forecasted to Reach US$ 10.91 Bn by 2024

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.

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.

Browse Complete Report @ http://www.persistencemarketresearch.com/market-research/hearing-aids-market.asp

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).

A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/4414

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 to view table of content @ http://www.persistencemarketresearch.com/market-research/hearing-aids-market/toc

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.

About Us

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact Us

Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353

Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com

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 Forecasted to Reach US$ 10.91 Bn by 2024 here

News-ID: 613632 • Views:

More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by Sustainability and Supply Chain Efficiency
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Growth - Persistence Market Research
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Healthcare Demand
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained

All 5 Releases


More Releases for Hearing

08-12-2025 | Health & Medicine
Getnews
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
05-27-2025 | Health & Medicine
Getnews
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
03-25-2025 | Health & Medicine
Getnews
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
01-21-2025 | Health & Medicine
Getnews
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