“Rising number of hearing loss patients coupled with increasing technological advancements and user convenience has driven the Global Hearing Aid Market”
The report Titled “Global Hearing Aid Market Outlook to 2023 - By Hearing Aid Devices (By Ear and By Canal) and Hearing Implants (Cochlear implants and Hearing implants), By Region (Americas, Europe, Asia-Pacific and RoW), By Type of Distribution channel (Audiology & ENT clinics, Hospitals and Pharmacies)” by Ken Research suggested that the Global Hearing Aid Market has been increasing due to rising number of hearing loss patients, increasing personal disposable income, growing demand for artificial intelligence coupled with increasing technological up-gradations in the hearing aid devices. The market is expected to register a positive CAGR of 5.4% in terms of revenue during the forecast period 2018-2023E.
Increasing technological developments: In Hearing Aid market, it has been observed that there is an increase in demand for customized hearing aid devices as they are invisible and provide better convenience to hearing aid users as they are made in accordance with the canal size of the user’s ear. The companies are focusing on the trending smaller and sleeker designs of hearing aid devices so as to not compromise on the quality with add on features such as Bluetooth streaming and wireless connectivity in devices that may lead to higher adoption and satisfaction rate among users.
Growing Number of Hearing Loss Patients: The number of hearing loss patients has grown significantly in the last five years. The number increased from 360 million in 2011 to 466 million in 2018. The major increase in the number of Hearing Loss patients has been observed in Asian Pacific countries that have accounted highest percentage share in the number of Global Hearing Loss patients, segmented by WHO on the basis of Region. The increasing number of hearing loss patients is the key factor that which has led to increase in the revenues of hearing aid segment over the years.
Lack of Government Regulations and Unauthorized Sales: The hearing aid market at global level faces the challenge of lack of government regulations and reimbursement policies in countries which has become the major reason as to why the adoption rate differs from country to country. The implants cannot be sold through e-commerce platforms as it requires the implantation surgery. However, hearing aid devices on the other hand are sold via e-commerce platforms by some local manufacturers, which have been considered unauthorized by the manufacturing companies, which is negatively impacting the sales of global hearing aid companies.
Keywords
Global Hearing Aid Sales
Global Hearing Aid Devices Revenue
Global Hearing Implants Market
America Hearing Market
Europe Hearing Market
Asia-Pacific Hearing Market
Middle East Hearing Market
US Hearing Devices Market
Europe Hearing Devices Market
Asia Hearing Devices Market
MENA Hearing Devices Market
USA Hearing Implants Sales
China Hearing Implants Export
Japan Hearing Aid Devices Sales
Australia Hearing Implants Market
India Hearing Implants Market
Germany Hearing Implants Market
France Hearing Aid Devices Market
Global Hearing Aid Trends
Global Hearing Aid Issues
Global Hearing Aid Pain Points
Global Hearing Aid Value Chain
Global Cochlear Implants
Global BAHA Implants
Global RIC Devices
BTE Devices India
Hearing Aid Distribution Channel
ITE Devices Market
Cochlear Hearing Implant Market
Hearing Aid Market Ecosystem
William Demant Holdings Hearing Aid Market
Global Hearing Aid Companies Strength Weakness
Global Hearing Market Overview
MED-EL Hearing Implant Market
Global Hearing Aid Market Evolution
Market Share Global Hearing Aid Companies
Global Hearing Aid Market Future Outlook
Global Hearing Aid Market Pricing Analysis
Italy Hearing Aid Market
France Hearing Aid Market
Regulations Hearing Aid Market
Global Hearing Aid Market Competition
Key Segments Covered
By Type of Hearing Aid
Hearing Aid Devices
Hearing Implants
By Region
Americas
Europe
Asia-Pacific
RoW
By Type of Distribution Channel
Audiology and ENT Clinics
Hospitals
Pharmacies
By Type of Hearing Aid Devices
By Ear
By Canal
By Type of Hearing Implants
Cochlear
BAHA
By Hearing Implants in Region
Americas
Europe
Asia-Pacific
RoW
By Ear type of Hearing Device
BTE
RIC
ITE
By Canal type of Hearing Device
IIC and CIC
ITC
By Hearing Aid Devices in Region
Americas
Europe
Asia-Pacific
RoW
Key Target Audience
Hearing Aid Manufacturing Companies
International Manufacturers
Domestic Manufacturers
Private Equity Investors
Hospitals and ENT clinics
Government/ Regulatory Authorities
Time Period Captured in the Report:
Historical Period: 2013 - 2018
Forecast Period: 2019E - 2023E
Companies Covered:
Sonova Holdings
William Demant Holdings
GN Hearing
Widex
Sivantos
Starkey Hearing Technologies
Cochlear Limited
MED-EL
Rion Co. Ltd.
Zounds Hearing Inc.
Audina Hearing instruments
Microson
NewSound Hearing Aids
Key Topics Covered in the Report
Global Hearing Aid Market Overview and Genesis
Global Hearing Aid Market Size, 2013 - 2018
Global Hearing Aid Market Ecosystem
Global Hearing Aid Market Value Chain Analysis
Global Hearing aid devices and Hearing Implants Pricing Analysis
Global Hearing Aid Market Size by Revenue (2013 - 2018)
Global Hearing Aid Market Segmentation (2018)
Global Hearing Aid Market Segmentation by Type (Hearing Aid Devices and Hearing Implants)
Global Hearing Aid Devices Market Segmentation by type (By Ear and By Canal).
Global Hearing Aid Devices Market Segmentation by Ear type (ITE, BTE and RIC).
Global Hearing Aid Devices Market Segmentation by Canal type (IIC, CIC and ITC).
Global Hearing Aid Devices Market Segmentation by Region (Americas, Europe, Asia-Pacific, RoW).
Global Hearing Implants Market Segmentation by Type (Cochlear and BAHA).
Global Hearing Implants Market Segmentation by Region (Americas, Europe, Asia-Pacific, RoW).
Global Hearing Aid Market Segmentation by Distribution Channel (Audiology & ENT clinics, Hospitals and Pharmacies)
Global Hearing Aid Market Trends and Developments
Global Hearing Aid Market Snapshot of Major Countries in, 2013-2018
Global Hearing Aid Market Government Regulations, Certification and Labeling Practices
Global Hearing Aid Market Investment Scenario
Global Hearing Aid Market Mergers and Acquisitions of the companies, 2013-2018
Global Hearing Aid Market Trends and Developments
Global Hearing Aid Industry Porter’s Five Forces
Global Hearing Aid Market Competitive Landscape
Global Hearing Aid Market Company Profile of Major Players
Global Hearing Aid Market Future Outlook and Projections, 2018 - 2023E
Global Hearing Aid Market Future Outlook and Projections, 2018 - 2023E
Analyst Recommendations
For more information, refer to below link:
Global Hearing Aid Market Research Report
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