Hearing Aids Market is developing at an exceptionally quick pace to reach USD 8.Posted by rohan on April 23rd, 2018 According to the report Hearing Aids Market, published by Market Data Forecast, the Global market is projected to reach USD 8.91 billion by 2022, at a CAGR of 6.4% from 2017 to 2022. Hearing aids enable people with partial or total hearing impairment to overcome this affliction. They usually have components like a microphone, an amplifier and a speaker. A microphone picks up the surrounding sound, an amplifier makes the sound louder and the speaker delivers that sound to the ear. Get a comprehensive overview of the Hearing Aids Market: https://www.marketdataforecast.com/market-reports/hearing-aids-market-3785/ Hearing Aids Market: Drivers & Restraints Savoury reimbursement policies, rising disposable income in emerging economies, augmenting geriatric population, rising cases of hearing impairment are the primary drivers of this market. Abysmal structure of infrastructure and absence of creative methods are the primary inhibitors of market growth. Get accurate market forecast and analysis on the Hearing Aids Market. Request a sample to stay up-to-date on the main trends affecting this market: https://www.marketdataforecast.com/market-reports/hearing-aids-market-3785/request-sample Hearing Aids Market: Segmentation By Product
By Type of hearing loss
By End User
By Geography
Hearing Aids Market: Overview In 2016, by end-user the adult’s category is anticipated to register the highest growth rate in the aforementioned forecast period. Increasing cases of hearing loss with growing age is the main reason for this. In hearing aid devices, BTE is estimated to be USD 3 billion while RIE was valued at nearly USD 2 billion. Europe is the market leader closely followed by North America. Asia Pacific is projected to be the fastest growing market. North America market is projected to be nearly USD 4.7 by the end of the forecast period. It has been estimated to grow at a steady CAGR of 4.5%. Europe has been forecasted to grow at nearly 4% over the forecast period. Hearing Aids Market: Key Players GN Store Nord A/S (Denmark), Cochlear Limited (Australia), MED-EL (Austria) are the major players in the company. Other players in the market include SeboTek Hearing Systems, Starkey Hearing Technologies, Inc. (U.S.), Widex (Denmark), William Demant Holding A/S (Denmark), LLC (U.S.), Sivantos Pte. Ltd. (Singapore), Sonova (Switzerland), and Zounds Hearing, Inc. (U.S.). About Us: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions. Contact: Abhishek Shukla Sales Manager (International Business Development) Market Data Forecast Direct Line: +1-888-702-9626 Mobile: +91 998 555 0206
Like it? Share it!More by this author |