A research study titled, “Hearing Aids Market by product and technology – global industry analysis and forecast to 2025”, published by crystal market research.
The Global Hearing Aids Market is projected to reach around $6 billion by 2025. Rise in the number of cases of deafness due to increasing levels of noise pollution along with ear infections, birth complications and genetic disorders are the key drivers for the hearing aids market. As per the study conducted by WHO in 2012, 360 million people worldwide are suffering from hearing loss, out of which 32 million are children. Over 35 million adults and children in the U.S. suffer from some level of hearing impairment as per the FDA estimates. Rise in geriatric population around the world contributes to the growth of this market. Additionally, demand for advanced as well as miniature hearing devices will fuel the market growth over the forecast period. The introduction of digital signal processors has also contributed largely to the growth of hearing aids market.
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Hearing Aids Market Segmentation:
Hearing Aids Market Assessment and Forecast, By Product, 2016-2025:
In-The-Ear Hearing Aids
Behind-The-Ear Hearing Aids
Receiver-In-The-Ear Hearing Aids
Canal Hearing Aids
The Hearing Aids Market Assessment and Forecast, By Technology, 2016-2025:
Analog Hearing Aids
Digital Hearing Aids
Hearing Aids Market Assessment and Forecast, By Product, 2016-2025 ($Million):
Rest of Europe
Some of the players operating in hearing aids market are Sonova Holding AG, William Demant Holdings A/S, ReSound, Benson Hearing, MED-EL, Micro Tech Systems, Siemens Healthcare GmbH, Medtronic, Starkey Hearing Technologies, and Widex A/S.
In 2016, Europe held the major share of the global hearing aids market, due to increasing prevalence of hearing disorders in the region along with rise in geriatric population. Asia-Pacific is expected to be the fastest growing market during the forecast period, due to developing healthcare infrastructure and increasing awareness among the patients.
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List of Tables:
Table 1.Global Hearing Aids Market, By Product ($Million), 2016-2025
Table 2.In-The-Ear Hearing Aids Market, By Region ($Million), 2016-2025
Table 3.Behind-The-Ear Hearing Aids, By Region ($Million), 2016-2025
Table 4.Receiver-In-The-Ear Hearing Aids Market, By Region ($Million), 2016
Table 5.Canal Hearing Aids Market, By Region ($Million), 2016-2025
Table 6.Global Hearing Aids Market, By Technology ($Million), 2016-2025
Table 7.Analog Hearing Aids Market, By Region ($Million), 2016-2025
Table 8.Digital Hearing Aids Market, By Region ($Million), 2016-2025
Table 9.Hearing Aids Market, By Region ($Million), 2016-2025
List of Figures:
Figure 1.Global Hearing Aids Market Share, By Product, 2016 & 2025
Figure 2.Hearing Aids Market, By Technology, 2016, ($Million)
Figure 3.Hearing Aids Market, By Region, 2016, ($Million)
Figure 4.Sonova Holding AG: Net Revenues, 2014-2016 ($Million)
Figure 5.Sonova Holding AG: Net Revenue Share, By Segment, 2016
Figure 6.Sonova Holding AG: Net Revenue Share, By Geography, 2016
Figure 7.William Demant Holdings A/S: Net Revenues, 2014-2016 ($Million)
Figure 8.William Demant Holdings A/S: Net Revenue Share, By Segment, 2016
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