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Global Hearing Aid Market: Industry Analysis & Outlook (2017-2021)

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The report “Global Hearing Aid Market: Industry Analysis & Outlook (2017-2021)” by Koncept Analytics provides an extensive research and detailed analysis. For more mail: vikas@konceptanalytics.com

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Global Hearing Aid Market: Industry Analysis & Outlook (2017-2021)

  1. 1. Global Hearing Aid Market: Industry Analysis & Outlook ----------------------------------------- (2017-2021) Industry Research by Koncept Analytics 1 August 2017 Global Hearing Aid Market: Industry Analysis & Outlook (2017-2021)
  2. 2. Executive Summary 2 Global Hearing Aid Market: Industry Analysis & Outlook (2017-2021) Hearing loss, also known as hearing impairment, is a medical condition in which a person becomes partially or totally unable to hear sounds. It can occur in both or one ear of a person and can be temporary or permanent. Normal hearing ability of a person ranges from 0 dB to 20 dB in all frequencies but when a person is suffering from hearing loss, the range of hearing varies from 16 dB to more than 90 dB. Hearing aid, also known as deaf aid, is a device used for improving the hearing capability of person suffering with hearing loss. It is a small sound amplifying electronic device which is placed around or inside the ear of the user. It is the most common treatment for hearing loss and consists of three components that include microphone, amplifier and speaker. Microphone converts the received sound waves into electronic signals and then transmits these electric signals to the amplifier. Once the amplifier receives the signals, it intensifies these signals and sends them to the speaker which converts these electric signals into audible acoustic waves. EMEA region is a major contributor to the global hearing aid market, supported by increased cases of hearing disorders. North America is likely to experience further growth of hearing aid market with increasing awareness and adoption of hearing aids among people and rising technological advancements. The global market is expected to grow in future due to rising prevalence of hearing loss, increasing ageing population and life expectancy, rising disposable income and healthcare expenditure. Key trends of this market include increasing usage of headphones, growing adoption of hearing aids and binaural fittings. However, there are some factors which can hinder growth of the market including decreasing average selling price of hearing aid and lack of hearing health professional. The report “Global Hearing Aid Market: Industry Analysis & Outlook (2017-2021)” by Koncept Analytics provides an extensive research and detailed analysis of the present market along with future outlook. The report discusses the major growth drivers and challenges of the market, covering North America, EMEA and APAC along with the global market. The report profiles the key players of the market including Sonova, GN Store Nord, William Demant and Amplifon.
  3. 3. Growth of global hearing aid market is expected to be driven by increasing prevalence of hearing loss and ageing population.. 3 Global Hearing Aid Market: Industry Analysis & Outlook (2017- 2021) • Global traditional hearing aid market value is expected to reach US$.. billion in the year 2021, increasing from US$.. billion in the fiscal year 2016 at a CAGR of ..% and global OTC hearing aid market value is likely to reach US$ ..billion in 2021. • By the year 2021, global hearing aid market volume is expected to reach ..million units, increasing from ..million unit in 2017. • In year 2016, EMEA held the largest share of ..% of the global hearing aid market volume followed by North America with a share of ..%. Global Hearing Aid Market Forecast by Volume (2017- 2021) Global Hearing Aid Market Forecast by Value (2016-2021) Global Hearing Aid Market Volume by Region (2016)
  4. 4. Growth of North American hearing aid market is likely to be driven by increasing technological advancements in hearing aid industry and rising patient awareness.. 4 Global Hearing Aid Market: Industry Analysis & Outlook (2017- 2021) • EMEA hearing aid market volume is expected to reach ..million units in the year 2021, increasing from ..million units in the fiscal year 2017, at a CAGR of ..%. • By the year 2021, North American hearing aid market volume is expected to reach ..million units, increasing from ..million units in 2017, growing at a CAGR of ..%. • In year 2021, APAC hearing aid market volume is expected to reach ..million units, increasing from ..million units in 2017, at a CAGR of ..%. North America Hearing Aid Market Forecast by Volume (2017-2021) EMEA Hearing Aid Market Forecast by Volume (2017-2021) APAC Hearing Aid Market Forecast by Volume (2017-2021)
  5. 5. Koncept Analytics CS-36, First Floor, Ansal Plaza Vaishali, Ghaziabad, U.P. – 201010 T: +91-120-4130959 M: +91-9811715635 vikas@konceptanalytics.com Contact Us: www.konceptanalytics.com This is a licensed product of Koncept Analytics. You cannot reproduce, publish, distribute, publicly display, sell or create other works from this report or use them in any way for commercial purpose without our prior permission. Further, you cannot copy this material, by any means (including electronic copies), for distribution to others unless you have purchased the corporate license of this report. We believe the sources are reliable, but Koncept Analytics does not warranty the accuracy or completeness of the data. The data presented in the report is updated at the publication date but is subject to change at subsequent releases. All possible efforts have been made to ensure accuracy of data. However, investors should not completely rely on the information given in this report and must make decisions based on their own investment strategy, risk management and capital adequacy. For Report Purchase Click Below: http://www.konceptanalytics.com/Researchreport/global-hearing-aid-market-industry-analysis-outlook- 2017-2021-24453.aspx Global Beverage Can Market: Industry Analysis & Outlook (2017-2021) 5 Disclaimer

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