Global Hearing aids market is expected to reach a CAGR of 10.3% in the forecast period of 2019 to 2026. Global Hearing aids Market is growing at a CAGR of 8.9%.
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In addition, the Global Hearing aids market research offers knowledge about the aggressive landscape, market driving components, mechanical condition, and the most recent and forthcoming innovative headways to decide the overall situation of the industry and push ahead to shape profitable business systems easily. The research report covers the most recent market patterns, improvement techniques, and research philosophies. The variables that are legitimately influencing the market including the improvement stages, and the item model are highlighted this Global Hearing aids market report.
Market Segmentation: Global Hearing Aids Market
The global hearing aids market is segmented into five notable segments which are the product, device types, type of hearing loss, patient type and distribution channel and geography.
On the basis of the product, the market is segmented into hearing aid devices and hearing implants. Hearing aid devices are sub-segmented into ear and canal. The ear segment is further sub-segmented into behind the ear hearing aids, receiver-in-the-ear hearing aids and ear hearing aids. The canal segment is further sub-segmented into canal hearing aids, invisible-in-the-canal hearing aids and completely in canal hearing aids. Hearing implants is sub-segmented into cochlear implants and bone-anchored systems. The hearing aids devices segment is growing at the highest CAGR in the forecast period of 2019 to 2026
In February 2018, In February, SONOVA and the brands of the company together Phonak and Advanced Bionics announced the introduction of new MultiBeam Technology a microphone technology used in the hearing aid and provides the better hearing capability in the noise and provides better speech recognization
On the basis of device types, the market is segmented into digital hearing aids and analog hearing aids. digital hearing aids segment is growing at the highest CAGR in the forecast period of 2019 to 2026
In August 2018, William Demant Holding A/S and Koninklijke Philips N.V. (Netherlands) entered into a partnership in hearing healthcare. This strategy would help the company to expand their company and enhance the customer base
On the basis of type of hearing loss, the market is segmented into sensorineural hearing loss and conductive hearing loss. Sensorineural Hearing Loss segment is growing at the highest CAGR in the forecast period of 2019 to 2026
In December 2018, Sivantos Pte. Ltd announced its strategic partnership with Clearwater Clinical Limited (Canada). The partnership will expand the audiologists with innovative audiometer improves customer experience
On the basis of patient type, the market is segmented into adults and pediatrics. Adult in Hearing aids market segment is growing at the highest CAGR in the forecast period of 2019 to 2026
In January 2019, GN STORE NORD A S (Denmark), announced the launch of hearing solution which can adapt the hearing aid users and their preferences in any sound environment. GN’s artificial intelligence (AI) solution provides virtual assistance. The launch of the solution assures safety and helps customers to meet their challenges and need
On the basis of the distribution channel, the market is segmented into large retail chains, manufacturer-owned retail chains, public and others. Large Retail Chains in Hearing aids market segment is growing at the highest CAGR in the forecast period of 2019 to 2026
In January 2019, Starkey Hearing Technologies unveiled three new revolutionary advancements within the Livio AI technology such as Fall Detection & Alerts, Thrive Virtual Assistant and Heart Rate Measurement. This strategy helped in the expansion of product portfolio and in the product development of the company.
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Competitive Analysis: Global Hearing Aids Market
Some of the major players operating in this market are 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 many others.
