Global Bentonite Market Growth, Market Insights and Forecast to 2025

Posted by rekha on November 25th, 2019

“The Global Hearing Protection Devices Market is expected to be valued at US$ 2,235.2 Mn by 2025 and is expected to grow at a significant CAGR over six years forecast period 2019-2025 owing to growing occurrence of hearing loss attracts attention towards hearing protection devices for the improvement of workers protection”

Precision Business Insights (PBI) in its report titled “Global Hearing Protection Devices Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2018 and Forecast 2019-2025” assesses the market performance over six years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

The global hearing protection devices market is expected to be valued at US$ 2,235.2 Mn by 2025 and is expected to be growing at a CAGR of 8.9% over the forecast period owing to growing tendency of noise induced hearing loss (NIHL) by industrial noise positively impacts the development of hearing protection devices market by increasing the demand of the products. Increasing number of employees day by day in the manufacturing facilities are anticipated to drive the growth of the market. Furthermore, advanced technology based hearing protection devices coupled with availability of flexible reimbursement policies are expected to fuel the growth of the market. However, high cost of the innovative or advanced products available in the market impedes the growth of hearing protection devices market.

Global hearing protection devices market segmented on the product, application, distribution channel, and region.

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Hospitals segment accounted for higher revenue share

Based on distribution channel, global hearing protection devices market is segmented hospitals, clinics, and others. Hospitals segment accounted for the largest market share in 2018 and is expected to grow with highest CAGR over the forecast period owing to increasing number of patients reaching hospitals with hearing problems coupled with rising adoption of the patients towards the devices are estimated to drive the growth of the market.

North America dominated the market

PBI’s global hearing protection devices market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. According to regional analysis, North America dominated the market over the past years and is expected to grow with highest CAGR over the forecast years owing to implementation of strict regulations by the government in workplace and increasing awareness among the population coupled with availability of flexible reimbursement policies for treatment drives the growth of the market in the region. Asia Pacific is anticipated to dominate the growth of the market owing to increasing prevalence of hearing problems coupled with rising geriatric population and creating awareness among the public regarding hearing loss problems and availability of advanced treatment options are anticipated to boost the growth of the market.

Recent Developments in the Global Hearing Protection Devices Market

• In January 2017, 3M has announced the introduction of New PELTOR™ Sport Electric Hearing Protectors at SHOT Show®
• In May 2019, EarPeace celebrated the better hearing month, announces one-for-one partnerships with movement and Berklee College of Music.

Key player’s profiles in the report are 3M, Westone Laboratories, Precision Laboratories, Inc., E.A.R. Inc., Sensear Pty Ltd., Elvex Corporation, Honeywell International Inc., Moldex-Metric, Inc, Tasco Corporation, SonoLab to name a few.

Detailed Segmentation

By Product

o   Ear Plugs

o   Ear Muffs

o   Others

By Application   

o   Military

o   Construction

o   Aviation

o   Others

By Distribution Channel   

o   Hospitals

o   Clinics

o   Others  

Geography

o     North America

• U.S
• Canada

o     Europe

• Germany
• France
• U.K
• Italy
• Spain
• Russia
• Poland
• Rest of Europe

o     Asia-Pacific

• Japan
• China
• India
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific

o     Latin America

• Brazil
• Mexico
• Argentina
• Venezuela
• Rest of Latin America

o     Middle East and Africa (MEA)

• Gulf Cooperation Council (GCC) Countries
• Israel
• South Africa
• Rest of MEA

For more information: https://www.precisionbusinessinsights.com/market-reports/global-hearing-protection-devices-market/