Crystal Market Research (CMR) render to you profound details in respect to leading participants, regions, application and type of the Hearing Aids Market which is estimated to encounter substantial growth over the forecast period 2018-2025.
Industry Trend Analysis:
The global hearing aids market is projected to reach around $6 billion by 2025. Rise in the number of cases of deafness due to increasing levels of noise pollution along with ear infections, birth complications and genetic disorders are the key drivers for the hearing aids market. As per the study conducted by WHO in 2012, 360 million people worldwide are suffering from hearing loss, out of which 32 million are children. Over 35 million adults and children in the U.S. suffer from some level of hearing impairment as per the FDA estimates. Rise in geriatric population around the world contributes to the growth of this market. Additionally, demand for advanced as well as miniature hearing devices will fuel the market growth over the forecast period. The introduction of digital signal processors has also contributed largely to the growth of hearing aids market.
Some of the players operating in hearing aids market are Sonova Holding AG, William Demant Holdings A/S, ReSound, Benson Hearing, MED-EL, Micro Tech Systems, Siemens Healthcare GmbH, Medtronic, Starkey Hearing Technologies, and Widex A/S.
Regional Outlook and Trend Analysis:
In 2016, Europe held the major share of the global hearing aids market, due to increasing prevalence of hearing disorders in the region along with rise in geriatric population. Asia-Pacific is expected to be the fastest growing market during the forecast period, due to developing healthcare infrastructure and increasing awareness among the patients.
Hearing Aids Market Segmentation:
By Product: In-The-Ear Hearing Aids, Behind-The-Ear Hearing Aids, Receiver-In-The-Ear Hearing Aids & Canal Hearing Aids
By Technology: Analog Hearing Aids & Digital Hearing Aids
By Region: North America: (U.S, Canada & Mexico), Europe: (Germany, France, UK, Italy, Spain & Rest of Europe), Asia-Pacific: (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific) and Rest of the World: (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates & Others)
With major players such as Sonova Holding AG and William Demant Holdings A/S taking large scale undertakings in the retail sector, significant opportunities lie in the retail sector in coming years. Technological innovations in speech enhancement and digital noise cancellation will further add to the value proposition of the hearing aids. Innovations in IT application enabled devices will play a crucial role in hearing aids market in the near future with many companies innovating Bluetooth and Wi-Fi connectivity devices.
Product Outlook and Trend Analysis:
In 2016, the behind-the-ear hearing aids market held the largest share of the global market in 2016, due to the advantages offered such as ease of use and better connectivity. The canal aids market is expected to exhibit highest growth rate over the forecast period, due to the rising need for invisible and aesthetically appealing devices.
Technology Outlook and Trend Analysis:
Digital hearing aids segment accounted for the largest share of the global market in 2016, owing to high efficiency and ability to provide enhanced listening in noisy surroundings. This segment is projected to witness a robust growth during the forecast period.
Major Table of Contents:
Part 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
Part 2. Executive Summary
2.1. Key Highlights
Part 3. Market Overview
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Share Analysis
3.3. Market Dynamics
18.104.22.168. Rising Levels of Noise Pollution
22.214.171.124. Prevalence of Birth Complications and Genetic Disorders
126.96.36.199. Demand for Advanced Miniature Hearing Devices
188.8.131.52. Technological Advancements
184.108.40.206. High Cost of Devices
220.127.116.11. Lack of Infrastructure in Emerging Economies
18.104.22.168. Innovations in IT Application Enabled Devices such as Bluetooth and Wifi Devices
3.4. Industry Trends
Part 4. Hearing Aids Market, By Product
4.2. Hearing Aids Market Assessment and Forecast, By Product, 2016-2025
4.3. In-The-Ear Hearing Aids
4.3.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
4.4. Behind-The-Ear Hearing Aids
4.4.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
4.5. Receiver-In-The-Ear Hearing Aids
4.5.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
4.6. Canal Hearing Aids
4.6.1. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
Part 5. Hearing Aids Market, By Technology
5.2. The Hearing Aids Market Assessment and Forecast, By Technology, 2016-2025
5.2.1. Analog Hearing Aids
5.2.2. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
5.2.3. Digital Hearing Aids
5.2.4. Market Assessment and Forecast, By Region, 2016-2025 ($Million)
Read Full Table of Contents
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