The report “Hearing Aids Market by Product (Receiver-In-The-Ear, Behind-The-Ear, In-The-Ear, Canal Hearing Aids, Cochlear Implants, Bone Anchored Systems), Hearing Loss (Sensorineural, Conductive), End-User (Adults, Pediatrics) - Global Forecasts to 2020”, provides a detailed overview of the major drivers, restraints, challenges, opportunities, current market trends, and strategies impacting the hearing aids market along with the estimates and forecasts of the revenue and market share analysis.
Browse 140 market data tables and 34 figures spread through 168 pages and in-depth TOC on “Hearing Aids Market”
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The global hearing aids market is expected to reach USD 8,373.9 Million by 2020 from USD 6,183.3 Million in 2015, at a CAGR of 6.3% from 2015 to 2020.
The report segments this market based on products, type of hearing loss, end-users, and regions. Among the various products, the hearing aids segment is expected to account for the largest share of the market while hearing implants segment is projected to grow at the highest CAGR from 2015 to 2020. The high growth in this segment can be attributed to the increasing technological advancements and regulatory approvals.
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On the basis of type of hearing loss, the hearing aids market is
segmented into sensorineural and conductive. The sensorineural segment is
expected to account for the largest share of the global hearing aids market in
2015. High prevalence of hearing loss and rising aging population are the
factors propelling the growth of this market.
End-users, included in the hearing aids market are adult and pediatric. The adult segment is expected to account for the largest share of the global hearing aids market in 2015. High incidence of hearing loss with increasing ageing is driving the growth of this market.
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Based on regions, the global hearing aids market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). Europe is expected to account for the largest share of the market during the forecast period. Growth in this regional segment is driven by factors such as high prevalence of hearing loss, increase in aging population, and increasing number of research activities to develop new and advanced hearing aid products in Europe.
Key players in the hearing aids market include Cochlear
Limited (Australia), GN Store Nord A/S (Denmark), MED-EL (Austria), SeboTek
Hearing Systems, LLC (U.S.), Sivantos Pte. Ltd. (Singapore), Sonova
(Switzerland), Starkey Hearing Technologies, Inc. (U.S.), Widex (Denmark),
William Demant Holding A/S (Denmark), and Zounds Hearing, Inc. (U.S.).
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