Market Research Future published a research report on “North America Hearing Aid Market Research Report- Forecast to 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Hearing aids are devices to improve hearing capacity. It can’t restore the normal hearing capability but it amplifies the received sound to a level where the user can listen to surrounding sounds without someone else narrating it. In North America, this is a burgeoning problem as growing number of aged people and accidents to disturb normal hearing process are taking place. The North American hearing aid market is expected to take these factors in its stride and achieve substantial CAGR during the forecast period (2016-2022). Market Research Future (MRFR), in their detailed report, focused on unveiling these actors that can accentuate market growth.
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Advanced technologies that have made hearing aids digital proved to be worthy of mention as an important factor. Digital hearing aids are finding it easier to proliferate the North American market as people are also tech-friendly. Presence of several market investors are also backing this growth.
The North America Hearing Aid Market has been segmented by MRFR for a better understanding of the market. These segments are products and end-users. Value-wise and volume-wise data are expected to backup the study substantially.
Based on products, the North American hearing aid market is segmented into in-the-canal, in-the-ear, tinnitus, receiver-in-canal, completely-in-canal, behind-the-ear, invisible, pocket hearing aids, single-sided hearing, hearing amplifiers, made for iPhone and hearing aid accessories. The behind-the-ear hearing aids segment is known for providing better comfort and is expected to grow remarkably. Other features like better connectivity and high efficiency of the product are expected to provide traction. Invisible aids are quite popular amidst patients as they don’t create discomfort for them and help in upping their confidence.
Based on end-users, the global hearing aids market are adults and pediatrics. Adult population are substantially affected by this problem, especially in developing economies. Some of these are caused by poor lifestyle. People often feel alien as this disability prohibits them from participating freely in social gatherings. This is also inspiring the market uptake.
Some of the key players in this market are: Cochlear Ltd, GN Store Nord A/S, Med-El, Sebotek Hearing Systems LLC, Sivantos Pvt. Ltd, Sonova, Starkey Hearing Technologies Inc., WIDEX A/S, William Demant Holding A/S, Zounds Hearing and others.
Region-specific study of the North American region includes several countries; however, it is the US and Canada that are impacting the regional market the most. Their presence inspires high investment as people fetch substantial amount as their salary. At the same time, several companies are investing highly in research and development sector to benefit from latest innovations and commercialization of products. Other factors like the presence of geriatric population, accidental impairment, and growing awareness regarding the hearing impairment are playing intense roles. Presence of the market leaders in the zone has also given birth to a huge competition, which is creating favorable winds for the regional market growth.
Canada stands in the second position. Its market features are quite similar to that of the US. However, its expenditure capacity for the market is lagging behind the US with substantial gap. The market has remarkable scope in expanding its grip over the developing nations from the region.
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- 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
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