The world’s first Healthable™ hearing aid namely Livio AI was reinvented by Starkey Hearing Technologies in August 2018. This updated hearing aid will run on AI and integrated sensors and is the first device to trace cognitive health and physical activity as measured by hearing aid for utilizing in social situations.
Such innovations are likely to bode well for the market predicts Fortune Business Insights in their recent report titled, “Hearing Aids Market Size, Share & Industry Analysis, By Product (Hearing Devices, Hearing Implants), By Patient Type (Adult, Pediatric), By Distribution Channel (OTC (Over the Counter), Medical Channel/ Hospital Pharmacies, Private Practice/ Retail Pharmacies) and Regional Forecast, 2019-2026.”
According to the report, the market was valued at USD 8.39 Billion in 2018 and is anticipated to reach USD 14.45 Billion by the end of 2026. The forecast period is set from 2019 to 2026 and the market is expected to rise at a CAGR of 7.2%.
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Leading Players operating in the Hearing Aids Market are:
- Sonova
- Demant A/S
- GN Store Nord A/S
- Starkey
- Sivantos Pte. Ltd.
- Widex A/S
- MED-EL
- Cochlear Ltd.
Hearing Devices Segment to Lead Market due to Cost-Efficient Feature
The report is based on primary and secondary research methods and provides an in-depth global hearing aids market analysis. The report covers all important aspects of the market such as growth drivers, restraints, trends, and opportunities. It also lists the profile of the companies operating in the hearing aid market with key insights that will help these vendors strategize for better revenue generation in the forecast duration.
As per the report, the hearing devices segment is currently dominating the market because of its numerous advantages. These include flexibility for patients with both mild and moderate hearing loss, easily removable, cost-effective, and can be used during sports activities as well. Such flexibility of the device and at reasonable prices are two important factors anticipated to promote the growth of this segment in the coming years.
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/hearing-aids-market-101573
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Epidemics of Hearing Loss for Key Countries
- Recent Industry Developments- Partnerships, Mergers, And Acquisitions
- Technological advancements in Hearing Aids Market
- New Product Launches by Key Players
- Global Hearing Aids Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product
- Hearing Aids
- BTE (Behind the Ear)
- ITE (In the Ear)
- RIC (Receiver in the Canal)
- CIC (Completely in the Canal)
- Others (Invisible in the Cancel, etc.)
-
-
- Hearing Implants
-
- Cochlear Implants
- Bone Anchored Implants
-
- Market Analysis, Insights and Forecast – By Patient Type
- Adult
- Pediatrics
- Market Analysis, Insights and Forecast – By Distribution Channel
- OTC (Over the Counter)
- Medical Channel/ Hospital Pharmacies
- Private Practice/ Retail Pharmacies
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia pacific
- Rest of the World
- Market Analysis, Insights and Forecast – By Patient Type
- North America Hearing Aids Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis – By Product
- Hearing Aids
- BTE (Behind the Ear)
- ITE (In the Ear)
- RIC (Receiver in the Canal)
- CIC (Completely in the Canal)
- Others (Invisible in the Cancel, etc.)
-
-
- Hearing Implants
-
- Cochlear Implants
- Bone Anchored Implants
-
- Market Analysis – By Patient Type
- Adult
- Pediatrics
- Market Analysis – By Distribution Channel
- OTC (Over the Counter)
- Medical Channel/ Hospital Pharmacies
- Private Practice/ Retail Pharmacies
- Market Analysis – By Country
- U.S.
- Canada
- Market Analysis – By Patient Type
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