The North America hearing aid market is expected to expand at an impressive growth rate during the forecast period (2016-2022), Market Research Future (MRFR) predicts in its in-depth report.
A Hearing Aid is used to improve hearing, improving the hearing by amplifying soft sounds. Many hearing aids are digital and are powered with a hearing aid battery. Growing aging population and accelerated number of natural and accidental hearing loss incidences are some of the reasons the North American Hearing Aid Market is booming.
The strong economy and thriving healthcare sector and infrastructure also add to the market growth in a significant way. Moreover, various options in types of hearing-aids such as canal aids, in-the-ear aids, and behind-the-ear aids trigger the demand for hearing aids as well. Apart from this, increasing number of audiologists working on a large number of patients drives the market growth tremendously.
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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 – Intended Audience
- Hearing aid device manufacturers
- Hearing aid device suppliers
- Research and Development (R&D) Companies
- Government Research Laboratories
- Independent Research Laboratories
- Government and Independent Regulatory Authorities
- Market Research and Consulting Service Providers
- Medical Research Laboratories
- Academic Medical Institutes and Universities
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.
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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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