The global hearing aids market is expected to reach USD 8,967.7 Million by 2027, according to a new report by Emergen Research. The hearing aids market is experiencing a rapid growth attributable to the increasing application of behind-the-ear, receiver in-the-ear, in-the-ear, and canal hearing aids, as well as cochlear implants, among others, in the adults and pediatrics. Innovative technological developments in hearing aids are crucial to fuel market demand. For instance, hearing-impaired individuals are considered to be 300.0% more prone to falling, and the technology, developed by Starkey, on the occurrence of a fall would automatically send alerts to three emergency contact notifying them about the fall, as well the precise location of the hearing-impaired individual. Besides, there are technologies that can detect and generate sound alerts to indicate that the person is on the verge of falling.
The report contains updated information about the ongoing COVID-19 pandemic and acts as an accurate analysis of the COVID-19 impact on the Hearing Aids market. The report draws attention to the COVID-19 impact on the market and its crucial segments. As per the report, the current pandemic is one of the major contributing elements for the potential decline of the market in the coming years.
To receive a free sample of the report, visit @ https://www.emergenresearch.com/request-sample/108
Leading companies profiled in the report are:
Benson Hearing, Starkey, Medtronic, Sivantos Pte. Ltd., MED_EL, WIDEX USA Inc., GN Store Nord A/S, Phonak, William Demat Holding A/S, and Rion, among others.
Market Segmentation
Emergen Research has segmented the global hearing aids market on the basis of type, hearing loss, application, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
Behind-the-ear Hearing Aids
Receiver in-the-ear Hearing Aids
In-the-ear Hearing Aids
Canal Hearing Aids
Others
Hearing Loss Outlook (Revenue, USD Billion; 2017-2027)
Sensorineural Hearing Loss
Conductive Hearing Loss
Application Outlook (Revenue, USD Billion; 2017-2027)
Adults
Pediatrics
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
Online
Offline
Request a discount on the report @ https://www.emergenresearch.com/request-discount/108
Some Key Highlights from the Report
By type, canal hearing aids are estimated to witness the fastest growth rate of 7.8% in the forecast period. Canal hearing aids have a less likely chance to overwhelm listeners with feedback, and blocking of the ear canal is less of a problem, thus mitigating the occlusion effect.
By hearing loss, sensorineural hearing loss held a substantial market share in 2019. Sensorineural hearing loss (SNHL) occurs post damage to the inner ear. It may also occur owing to nerve pathways problems from the inner ear to the brain. SNHL may cause difficulty in the hearing of soft sound and even louder sounds.
By application, pediatrics are estimated to observe a CAGR of 4.6% in the forecast period, as the amplification of sound stimulates and promotes the growth of the brain’s auditory centers, thereby assisting in a child’s critical learning.
Europe, in terms of revenue, held the largest hearing aid market share in 2019 and is likely to grow at a CAGR of 5.8% in the forecast period. The market dominance of the region is owing to the growing geriatric population and increasing occurrences of hearing loss.
31 The report addresses the following key points:
The report estimates the expected market size from 2020-2027
The report provides a forecast of market drivers, restraints, and future opportunities for the Hearing Aids market
The report further analyses the changing market dynamics
Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
Extensive competitive landscape mapping with profiles of the key competitors
Regional Segmentation
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
In conclusion, the report provides a qualitative and quantitative analysis of the Global Hearing Aids market including the global and regional analysis of the market. The study covers critical information and factual data about the Hearing Aids market industry, along with an in-depth statistical analysis of the market drivers, limitations, growth prospects, opportunities, and threats. On the basis of the current market scope, the report provides an extensive analysis of how the Hearing Aids market is expected to fare in the forecast timeline. The report utilizes Hearing Aids analytical tools to offer an estimation of the outlook of the global state of the Hearing Aids market industry.
Request customization of the report @ https://www.emergenresearch.com/request-for-customization/108
Thank you for reading our report. Customization of the report is available according to the requirements of clients. In case of further queries about the report, do get in touch with us. Our team will make sure your report is tailored according to your needs.
Take a Look at our Related Reports:
Green Technology and Sustainability Market https://www.digitaljournal.com/pr/green-technology-and-sustainability-market-generating-revenue-of-usd-68-22-billion-by-2028-emergen-research
Near Infrared Imaging Market https://www.digitaljournal.com/pr/near-infrared-imaging-market-revenue-poised-for-significant-growth-during-the-forecast-period-by-2030
Liquid Biopsy Market https://www.digitaljournal.com/pr/liquid-biopsy-market-to-be-worth-7645-0-million-by-2030-emergen-research
Internet of Things Connectivity Market https://www.digitaljournal.com/pr/internet-of-things-connectivity-market-share-trends-2022-growth-drivers-leading-players-development-plans-demand-outlook-revenue-cagr-status-and-segments-forecast-to-2030
Magnesia Chrome Bricks Market https://www.digitaljournal.com/pr/magnesia-chrome-bricks-market-investment-opportunities-industry-share-trend-analysis-report
About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights
Explore Our Custom Intelligence services | Growth Consulting
Read Press Release@ https://www.emergenresearch.com/press-release/global-hearing-aids-market
Latest Report| Ultraviolet Led Market Remote Vehicle Shutdown Market
Trending Title Ammunition Market Unmanned Aerial Vehicle Market
