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Global Hearing Aids Market Share, Growth, Trends & Forecast Report 2019-2027

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Global Hearing Aids Market by Types of Hearing Loss (Sensorineural Hearing Loss, Conductive Hearing Loss) by Patient Type (Adults, Pediatrics) by Products (Hearing Aid Devices, Receiver-in-the –ear, Behind the Ear, Canal, in-the-ear, Other Hearing Device) by Hearing Implants (Cochlear Implants, Bone-anchored Systems) & by Geography.

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Global Hearing Aids Market Share, Growth, Trends & Forecast Report 2019-2027

  2. 2. • The global hearing aid market is expected to rise with a CAGR of 5.42% over the forecast period of 2019-2027. • The market is prospering on account of factors like global increase in the elderly population, increased use of binaural fittings and technological advancements in hearing aids.
  3. 3. • The global hearing aid market segmentation is done on the basis of patient types, hearing loss types and products. • The patients in this market are generally adults and paediatrics. The hearing loss can be a sensorineural hearing loss or a conductive hearing loss. • The product segment of the market is sub-divided into hearing aid devices and hearing implants. • Opportunities like the incorporation of lithium-ion batteries in hearing aids and high prevalence of hearing loss in emerging countries are propelling this market’s growth. • However, the market is facing challenges in terms of competition from cochlear implants and reimbursement issues.
  4. 4. “The Global hearing aids market is anticipated to grow at a CAGR of 5.42% between 2019 and 2027.”
  5. 5. The leading companies in this market are Amplifon Hearing Health Care, Arphi Electronics Pvt. Ltd, Audina Hearing Instruments, Cochlear Ltd, Gn Store Nord, Horentek, Med-El, Microson, Rion Co., Ltd., Sebotek Hearing Systems, Siemens Ag, Sonova Holding Ag, Starkey Hearing Technologies, William Demant Holding A/S and Zounds Hearing Inc.