Global Hearing Aid Market Size 2020, Top Key Players, Share, Demand, Opportunities And Forecasts To 2025

17/nov/2020 09:49:00 IMARC Group Contatta l'autore

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A hearing aid is a small battery-operated electronic device worn in or behind the ear to improve the hearing impairment. It amplifies the sounds, enabling the user to listen, communicate, and participate in daily activities. A hearing aid mainly includes a microphone, an amplifier, and a speaker. This machine magnifies the sound vibrations received by the microphone and converts the larger vibrations into neural signals that are identified by the brain.

According to the latest research report, the global hearing aid market size reached a value of nearly USD 8 Billion in 2019. Looking forward, IMARC Group expects the market to reach a value of US $ 11 Billion by 2025, registering a CAGR of 5.8% during 2020-2025.

Global Hearing Aid Market Trends:

The growing geriatric population, who are more prone to hearing loss, along with the rising prevalence of numerous hearing disabilities, is primarily driving the demand for hearing aid devices. Moreover, the introduction of aesthetically appealing designs and innovative product variants, such as waterproof hearing aids, is further catalyzing the market. Additionally, the rising integration of the cochlear implant in hearing aid technology to overcome the high-frequency hearing loss, is also bolstering the market growth.

Some of the major players operating in the industry include:

1. Glaxosmithkline (NYSE: GSK)

2. Sonova Holding AG (OTCMKTS: SONVY)

3. Starkey

4. MED-EL

5. William Demant Holding A / S (OTCMKTS: WILYY)

6. Widex A / S

7. Sivantos Group

8. GN Store Nord A / S (OTCMKTS: GGNDF)

9. Cochlear Ltd (OTCMKTS: CHEOY)

10. SeboTek Hearing Systems LLC

11. ReSound Group

12. AGX Hearing

13. Audina Hearing Instruments

14. Lisound

15. Banglijian

16. Benson Hearing

 

Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/hearing-aid-market/requestsample

Market Segmentation:

Market Breakup by Product Type

 

1. Hearing Devices

2. Hearing Implants

 

Market Breakup by Hearing Loss

 

1. Sensorineural Hearing Loss

2. Conductive Hearing Loss

 

Market Breakup by Patient Type

 

1. Adults

2. Pediatrics

 

Market Breakup by Technology Type

 

1. Analog

2. Digital

 

Market Breakup by End-User

 

1. Hospitals

2. ENT Clinics and Audiology Centers

3. Individual

4. Others

 

Market Breakup by Region

 

1. Europe

2. North America

3. Asia Pacific

4. Middle East and Africa

5. Latin America

 

Find more related reports on healthcare medical devices, click: https://www.imarcgroup.com/categories/medical-devices-market-reports

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

 

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