Press release
Research Report on Global Hearing Aid Market Size & Share, Industry Analysis & Outlook (2017-2021)
The main objective of this report is to define, describe, and forecast the global “Hearing Aid” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Hearing loss, also known as hearing impairment, is a medical condition in which a person becomes partially or totally unable to hear sounds. It can occur in both or one ear of a person and can be temporary or permanent. Normal hearing ability of a person ranges from 0 dB to 20 dB in all frequencies but when a person is suffering from hearing loss, the range of hearing varies from 16 dB to more than 90 dB.
Hearing aid, also known as deaf aid, is a device used for improving the hearing capability of person suffering with hearing loss. It is a small sound amplifying electronic device which is placed around or inside the ear of the user. It is the most common treatment for hearing loss and consists of three components that include microphone, amplifier and speaker. Microphone converts the received sound waves into electronic signals and then transmits these electric signals to the amplifier. Once the amplifier receives the signals, it intensifies these signals and sends them to the speaker which converts these electric signals into audible acoustic waves.
EMEA region is a major contributor to the global hearing aid market, supported by increased cases of hearing disorders. North America is likely to experience further growth of hearing aid market with increasing awareness and adoption of hearing aids among people and rising technological advancements.
The global market is expected to grow in future due to rising prevalence of hearing loss, increasing ageing population and life expectancy, rising disposable income and healthcare expenditure. Key trends of this market include increasing usage of headphones, growing adoption of hearing aids and binaural fittings. However, there are some factors which can hinder growth of the market including decreasing average selling price of hearing aid and lack of hearing health professional.
The report “Global Hearing Aid Market: Industry Analysis & Outlook (2017-2021)” by Koncept Analytics provides an extensive research and detailed analysis of the present market along with future outlook. The report discusses the major growth drivers and challenges of the market, covering North America, EMEA and APAC along with the global market. The report profiles the key players of the market including Sonova, GN Store Nord, William Demant and Amplifon.
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Table of Content
1. Overview
1.1 Hearing Loss
1.2 Hearing Aid
2. Global Market
2.1 Global Hearing Aid Market Forecast by Value
2.2 Global Hearing Aid Market by Type
2.3 Global Hearing Aid Penetration Rate by Countries
2.4 Global Hearing Aid Market by Volume
2.5 Global Hearing Aid Market Forecast by Volume
2.6 Global Hearing Aid Market Volume by Region
2.7 Global Cochlear Implants Market Forecast by Value
2.8 Global Cochlear Implants Market Forecast by Volume
3. Regional Markets
3.1 EMEA
3.1.1 EMEA Hearing Aid Market by Volume
3.1.2 EMEA Hearing Aid Market Forecast by Volume
3.1.3 UK Hearing Aid Market Forecast by Volume
3.1.4 Germany Hearing Aid Market Forecast by Volume
3.1.5 France Hearing Aid Market Forecast by Volume
3.2 North America
3.2.1 North America Hearing Aid Market by Volume
3.2.2 North America Hearing Aid Market Forecast by Volume
3.2.3 The U.S. Hearing Aid Market Forecast by Volume
3.2.4 The U.S. Hearing Aid Market Volume by Segment
3.2.5 The U.S. Hearing Aid Market Volume by Type
3.3 APAC
3.3.1 APAC Hearing Aid Market Volume
3.3.2 APAC Hearing Aid Market Forecast by Volume
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4. Market Dynamics
4.1 Growth Drivers
4.1.1 Rising Prevalence of Hearing Loss
4.1.2 Increasing Healthcare Expenditure
4.1.3 Increasing Ageing Population
4.1.4 Increasing Life Expectancy
4.1.5 Increasing Disposable Income
4.2 Key Trends & Developments
4.2.1 Increasing Usage of Headphones
4.2.2 Mergers and Acquisitions
4.2.3 Rising Adoption of Hearing Aids
4.2.4 Increasing Binaural Fittings
4.3 Challenges
4.3.1 Decreasing Average Selling Price (ASP) of Hearing Aids
4.3.2 Lack of Hearing Health Professionals
5. Competitive Landscape
5.1 Global Market
5.1.1 Global Hearing Aid Market Share by Company
5.1.2 Global Hearing Aids Wholesale Market Share by Company
5.2 The U.S.
5.2.1 The U.S. Hearing Aid Market Share by Company
5.2.2 The U.S. Private Hearing Aid Market Share by Company
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