"The
Report Global Hearing Aid Market (2017-2021 Edition) provides
information on pricing, market analysis, shares, forecast, and
company profiles for key industry participants. -
MarketResearchReports.biz"
MarketResearchReports.biz
has announced the addition of a new report, titled “Global
Hearing Aid Market (2017-2021
Edition).” The comprehensive report on the global hearing aid
market offers in-depth insights into the key drivers and restraints,
emerging opportunities, recent technological advancements, market
potential of prominent segments, and competitive landscape. The
research provides elaborate assessment of notable demographic trends
in various regions expected to shape the market dynamics. The study
takes a closer look at placement and suitability of various product
types and recent offerings of major players.
The
growing adult and geriatric populations in various regions,
especially in developing countries, suffering from some form of
hearing impairment and loss, is a key factor driving the evolution of
the global hearing aid market. The inability to meet the burgeoning
needs of hearing aids with limited production has led to a large
untapped market in several regions. The unmet medical needs has
opened up promising growth avenues for manufacturers.
The
growing number of people suffering from hearing impairment due to
chronic ear infections is expected to present a substantial demand
for hearing aids. Furthermore, the launch of high-end devices and
advancement in healthcare facilities in developing regions are key
trends expected to boost the market.
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Report @
The
major product segments of the hearing aid market are behind-the-ear
(BTE), in-the-canal (ITC), in-the-ear (ITE), and implantable hearing
aid. The implantable hearing aid segment is further divided into
cochlear implants and bone-anchored hearing implants. Behind-the-ear
hearing aids find wide applications in treating any degree of hearing
loss, while others may be more suitable for treating mild-to-moderate
hearing impairment in adults. The prevalence of loss of hearing among
adults aged 65 years or more is a key trend bolstering the uptake of
hearing aids.
The
launch of smart hearing aid devices such as internet-connected
hearing aids and their rising popularity are developments that bode
well for the market. However, limited awareness of the availability
of hearing aids to meet varying degree of hearing loss is a key
factor likely to hinder the market to an extent. Nevertheless, in
recent years, various governments, especially in emerging nations,
have made intensive efforts in creating awareness among elderly
populations regarding the debilitating effect of hearing loss on
their general health. This is a key factor accentuating the hearing
aids market. In addition, in less developed nations, there is a
growing incidence of childhood hearing loss, which is anticipated to
boost the demand for hearing aids in the coming years.
View Press Release @
https://www.marketresearchreports.biz/pressrelease/5544/launch-of-smart-hearing-aid-devices-for-treating-hearing-impairment-in-adults-to-open-up-exciting-avenues
The
competitive landscape features a high degree of consolidation.
Prominent players operating in the global hearing aid market include
GN ReSound, the William Demant Holding Group, and Sonova Holdings AG.
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