Published on : Aug 08, 2017
Albany, New York, August 8, 2017: The rising incidence rate of hearing disorders among the geriatric population has resulted in growing sales of efficient hearing devices. According to the latest report, the global market has been flourishing at a steady pace over the past few years as the prevalence of hearing loss continues to rise across the world. Also, the increasing noise pollution throughout the world has had a significant impact on the hearing of adults. To explore in-depth details on the current as well as future prospects of this growing market, Market Research Hub (MRH) has broadcasted a latest study titled “Global Hearing Aid Market (2017-2021 Edition)” to its vast research portfolio. The research report on offers a comprehensive outlook of the overall market covering some prime regions. It also explains the competitive landscape present in the market along with stating the financial outlook of the companies.
Throughout the world, the people more or less are facing with hearing problem. Due to this, the need for improved hearing aids devices is gaining importance as any untreated hearing loss among infants can lead to impairment in the speaking, the academic and the psychological abilities of the suffering children. One of the prime drivers for the global hearing aids market is the rising volume of the geriatric demographic in developed as well as developing regions across the world. As a result, the global market for hearing aids has witnessed an upsurge during the period 2011 to 2016, which is further expected to register a considerable rise in the coming years as well.
The study starts by presenting overview of hearing aids covering its type, advantages & disadvantages, analysis of hearing implants, and hearing aid value chain. Besides, the report provides brief country analysis of the US, France and Germany. The analysis includes market size in terms of value, volume and by distribution channel. Hearing aids are mainly classified into Behind-the-Ear (BTE), In-the-Ear (ITE), In-the-Canal (ITC) Or Completely-in-the-Canal (CIC) and Implantable Hearing Aid. Implantable hearing aids are further classified into Cochlear Implants, Cochlear Implants and Bone-Anchored Hearing Implants.
In the next section, the report examines the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. As per the report highlights, in the given forecasted period, the market would be pushed by increasing noise pollution level, introduction of innovative hearing aid devices and internet connected hearing aids etc. Nowadays, due to advancement in science and technology, great revolutionary outcomes can also be seen in the development of hearing aids. In terms of geography, Europe is expected to account for the largest share in the market during 2017 to 2022
Sonova Holdings AG, William Demant Holding Group and GN ReSound are some of the leading players in the market whose company profiling have been done in the report on the basis of elements like business and financial overview.
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