Hearing Protection Devices Market to Grow 9.46% CAGR 2017 to 2021 – Analysis of 3M, Etymotic Research, Honeywell, and Phonak

MarketResearchNest.com adds “Global Hearing Protection Devices Market 2017-2021” new reports to its research database. The report spread across 82 pages with tables and figures in it.

The research analysts forecast the global hearing protection devices market to grow at a CAGR of 9.46% during the period 2017-2021.

Hearing protection devices are used to protect the human ear from hearing loss due to occupational and other harmful noise. These products reduce noise exposure levels and the risk of hearing loss. These devices have been in existence since the early 1900s, but in the US, the use of these devices in offices and workshops was not controlled by law until 1971.

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Technavio recognizes the following companies as the key players in the global hearing protection devices market: 3M, Etymotic Research, Honeywell, and Phonak.

Other Prominent Vendors in the market are: Hellberg Safety, NoNoise, Sensear, SensGard, Silenta Group, and Starkey.

The latest trend gaining momentum in the market is Rising emphasis on individual consumers. Presently, over 50% of the products available in the market are for industrial use, as these products have relatively lower penetration in the individual consumers. However, developing regions such as APAC are experiencing growth in the number of sport enthusiasts, and these consumers increasingly opt for recreational activities. The changes in the lifestyle in the region, backed by strong economic growth, encourages consumers to engage in leisure activities. Motorsports and shooting are some of the relevant examples of this market and are the key applications for these products in the region.

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According to the report, one of the major drivers for this market is Developments in shell and earplug material technology. The earplugs offered in the market are required to be rolled before use every time and inserted into ear canals. They have the ability to conform to the shape of the ear canal and one size of earplugs fit most workers although workers with extremely small or large ear canals may need a different size. There is time wastage in rolling down the foam earplug and makes it harder for employees. These are also not a good choice for dirty environments.

Further, the report states that one of the major factors hindering the growth of this market is Limited local ordinance on hearing protection. In contrast to federal laws for occupational exposures, which include the Convention 148 by the General Conference of the International Labor Organization and as per the Occupational Safety and Health Administration under the US Department of Labor (29 CFR), the noise generated in workplace, community, and recreational settings, if governed is usually addressed in local ordinance. Here, they usually relate to noise annoyance rather than the hearing risks.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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