Global hearing aids market is projected to register a healthy CAGR of 10.3% in the forecast period of 2019 to 2026. The new market report contains data for the historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.
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Drivers : Global Hearing Aids Market
- Rising cases of hearing loss and disorders
- Continuous development of the digital hearing aids
- High cost of hearing aids
- Uncomfortable buzzing and amplification issues in hearing aid products
- Growing demand of the cochlear implants
- Investments and business expansion to develop advanced innovative hearing aids
- Lack of awareness regarding hearing aids
- On the basis of product, the market is segmented into hearing aid devices and hearing implants. The hearing aids devices segment is growing at the highest CAGR in the forecast period of 2019 to 2026.
- On the basis of device types, the market is segmented into digital hearing aids and analog hearing aids.
- On the basis of type of hearing loss, the market is segmented into sensorineural hearing loss and conductive hearing loss
- On the basis of patient type, the market is segmented into adults and paediatrics.
- On the basis of distribution channel, the market is segmented into large retail chains, manufacturer owned retail chains, public and others.
Major Players: Global Hearing Aids Market
Some of the major players operating in this market WIDEX A/S, GN Store Nord A/S, Sonova, Sivantos Pte. Ltd, Microson, Horentek, RION CO. Ltd, William Demant Holding A/S, Amplifon, Starkey, MED-EL Medical Electronics, Cochlear Ltd., SeboTek Hearing Systems, LLC., Audina Hearing Instruments, Inc., Arphi Electronics Private Limited, Zounds Hearing and others and many others.