Market Research Future (MRFR) has published a research report about the North American Hearing Aid Market that adumbrates massive growth during the forecast period between 2018 and 2022. This report provides detailed analysis of market structure, current market size, factors affecting the growth, future prospects, key players in market and their business strategies.
A Hearing Aid or Deaf Aid is a device designed to improve hearing. Hearing aids can’t restore normal hearing. They can improve your hearing by amplifying soft sounds, helping you hear sounds that you’ve had trouble hearing. Hearing aids contain a microphone which collect sounds from the environment and convert it to digital code, it is then analyzed, and the sound is adjusted based on hearing loss and amplified into your ear.
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Most hearing aids are digital, and all are powered with a hearing aid battery. Rise in the aging population, increasing number of natural and accidental hearing loss incidences are some of the key factors responsible for the growth of North American Hearing Aid Market. The market for hearing aid is booming.
North America Hearing Aid Market – Key Players
Some of the key players in this market are:
- Cochlear Ltd
- GN Store Nord A/S
- Sebotek Hearing Systems LLC
- Sivantos Pvt. Ltd
- Starkey Hearing Technologies Inc.
- WIDEX A/S
- William Demant Holding A/S
- Zounds Hearing
North America Hearing Aid Market – Updates
March 2018 The leader in direct-to-consumer and OTC hearing solutions, iHEAR Medical, recently announced that it has joined forces with Atlazo Inc. to develop an advanced digital hardware platform to power iHEAR’s next generation of hearing aids and hearables. The power System on Chip (SoC) ultra-low platform will deliver analytics, connectivity, machine learning and integrated power management proficiencies allowing for unparalleled energy efficiency, cost savings and size reduction. The digital hardware platform is intended to power a new ‘Hearing of Things’ standard delivering voice commands, real-time health tracking and seamless connectivity to other smart devices, together with home appliances and mobile phones. iHEAR’s technology and IP will enlarge the hearing aid industry and lead the emerging hearables market. The company is a venture-backed firm devoted to the global need for reasonably priced and easily available hearing solutions.
North America Hearing Aid Market – Segments
North America hearing aid market has been segmented based on products which comprises of Receiver-in-canal, completely-in-canal, behind-the-ear, in-the-canal, in-the-ear, tinnitus, single-sided hearing, hearing amplifiers, invisible, pocket hearing aids, made for iPhone and hearing aid accessories. Based on end users, market is segmented into adults and pediatrics.
North America Hearing Aid Market – Detailed Regional Analysis
While considering the regional analysis of the industry, the United States is the biggest market for hearing aid in the North American region. The United States market for hearing aid is expected to grow at a motivating CAGR percent and is anticipated to earn high revenues by the end of the forecasted period. Canada is the second major market for hearing aid which is expected to grow at an optimistic CAGR.
The report for North America Hearing Aid Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and countries.
Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
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