Press release
Hearing Aids Market: Segment Snapshot and Table of Content (2016-2024)
Hearing Aids Market
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).
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The global Hearing Aids Market is segmented on the basis of Product, Type, Technology, End-user and region.
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.
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Summary of Table of Content
1. Assumptions and Acronyms Used
2. Research Methodology
3. Executive Summary
4. Hearing Aids Market Overview
5. Global Hearing Aids Market Analysis, By Product Type, 2016-2026
6. Global Hearing Aids Market Analysis, By Technology, 2016-2026
7. Global Hearing Aids Market Analysis, By End-User, 2016-2026
8. Global Hearing Aids Market Analysis, By Region, 2016-2026
9. North America Hearing Aids Market Analysis, 2016-2026
10. Latin America Hearing Aids Market Analysis, 2016-2026
11. Europe Hearing Aids Market Analysis, 2016-2026
12. APAC Hearing Aids Market Analysis, 2016-2026
13. MEA Hearing Aids Market Analysis, 2016-2026
14. Competition Landscape
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Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
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