A new market study, titled “Global Hearing Aid Market 2018-2022”, has been featured on WiseGuyReports.
About Hearing Aid
Hearing aids are devices typically fitted in or behind the wearer’s ear. They are designed to amplify and modulate sound. A typical hearing aid includes a microphone, receiver or speaker, amplifier and is powered by a battery.
The analysts forecast the global hearing aid market to grow at a CAGR of 5.51% during the period 2018-2022.
The report, Global Hearing Aid Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the increase in development of new products. The global hearing aid market is witnessing continuous development of new products as vendors are investing heavily in R&D. Such product upgrades in the market will lead to an increase in the demand for hearing aids.”
According to the report, one of the major drivers for this market is the global rise in the number of hearing loss patients. People working in high-decibel environments such as airports or factories are expected to suffer from hearing impairment. Furthermore, the growing global aging population is leading to a rise in hearing impairment incidences, in turn, fostering the demand during the predicted period.
Further, the report states that one of the major factors hindering the growth of this market is the rising battery concerns for hearing aids. The battery life is often affected by environmental factors such as temperature, humidity, and the use of dry-aid kits. Low humidity causes batteries to drain fast while high humidity leads to leakage or swelling issues, in turn, hampering the growth of the hearing aids market during the predicted period.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Covered in this report
The report covers the present scenario and the growth prospects of the global hearing aid market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of hearing devices and hearing implants
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
Key vendors
- Cochlear
- GN Store Nord
- Sivantos
- Sonova
- William Demant Holding
Request Sample Report at https://www.wiseguyreports.com/sample-request/3236293-global-hearing-aid-market-2018-2022
Market driver
- Growing focus on compliance with industrial standards
- For a full, detailed list, view our report
Market challenge
- Technical issues related to hearing aids
- For a full, detailed list, view our report
Market trend
- Rising popularity of 3D printing technology for manufacturing hearing aids
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
Table of Content
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY PRODUCT
PART 08: MARKET SEGMENTATION BY PATIENTS
PART 09: CUSTOMER LANDSCAPE
PART 10: REGIONAL LANDSCAPE
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
PART 13: MARKET TRENDS
PART 14: VENDOR LANDSCAPE
PART 15: VENDOR ANALYSIS
About Us:
Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
Contact Us:
NORAH TRENT
Ph: +1-646-845-9349 (US)
Ph: +44 208 133 9349 (UK)