Global Hearing Aid Market Will Extend at a CAGR of 5.4% by 2024
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Major market drivers and restraints:
• Rising initiatives by various governments
• Raise awareness about hearing loss treatments
• Technological advancements in the hearing aid devices
• Social stigma associated with the hearing aid devices
• Favourable reimbursement policies
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On the basis of product type the global hearing aid market is segmented into in-the-ear, receiver-in-the-ear, behind-the-ear, canal hearing aids ITC, completely in canal (CIC), invisible-in-the-canal (IIC), cochlear implants, and bone anchored systems.
On the basis of technology the market is segmented into digital and analog hearing aid.
Based on hear loss the market is segmented into sensorineural and conductive.
Based on end-user the market is segmented into adults and pediatrics.
On the basis of geography, hearing aid market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
The Global Hearing Aid Market Report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the market.
Major Market Competitors: Global Hearing Aid Market
Some of the major players operating in hearing aid market are Cochlear Ltd., GN Store Nord A/S, MED-EL, SeboTek Hearing Systems, LLC, Sivantos Pte. Ltd., Sonova, Starkey, Hansaton Akustik GmbH, Bernafon, Unitron, Phonak – A Sonova brand, oticon among others.
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