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The Global To Stupefy Growth Of The Hearing Aids Market

April 20th, 2021 Persistence Market Research Releases

The Hearing Aids Market report by Persistence Market Research goes by the changing trend of consumerism all across the healthcare vertical. “Going cashless” is amongst the “new” normals. Inorganic growth has also picked up. Key participants of the healthcare value chain – both – private and public – have joined hands for competing in the ever-demanding landscape.

A hearing aid is a device that is designed to help a person with hearing loss by making sound audible for them. Early devices are being replaced with modern hearing aids that are easy-to-use and compact. New technology is being introduced to offer a natural quality of sound without any disturbance. Next-generation of hearing aids are being developed to tackle the common problem of current hearing aids.

New hearing aids equipped with smart sensors are being introduced offer convenience to the user. Wireless hearing aids are developed by companies are gaining popularity in the global hearing aid market. The voice is transferred directly to the hearing aid by eliminating background noise.

Get Sample Copy of Report @ https://www.persistencemarketresearch.com/samples/4414

Company Profile

  • Sonova
  • William Demant Holdings
  • GN Resound
  • Amplifon S.p.A
  • Cochlear Ltd
  • Starkey Hearing Technologies, Inc.
  • Widex
  • Sivantos Pte. Ltd.

Get To Know Methodology of Report @ https://www.persistencemarketresearch.com/methodology/4414

People are looking for more powerful and efficient devices with advanced functions. With increasing number of people using Bluetooth enabled devices, companies are introducing hearing aids that are compatible with Bluetooth. This is helping users to send audio signal directly to the processor in hearing aid. Moreover, a person can easily attend a phone call and stream audio from various applications.

Hearing aids with pocket-size remote controls have also gained traction allowing a person to adjust the volume. Advanced hearing aids with noise reduction technology is also being focused on. The two most common problems being faced by people with the hearing problem is hearing speech in noisy environment and hearing in wind.

As per the report by Persistence Market Research (PMR), the global hearing aids market is likely to see a sluggish growth during 2017-2024. The global market for hearing aids is estimated to surpass US$ 10,000 Million revenue by 2024 end.

Behind the Ear Hearing Aids to be Highly Preferred in the Global Hearing Aids Market

On the basis of the product type, Behind-The-Ear (BTE) hearing aids are expected to be the most preferred hearing aids product during 2017-2024. Behind-The-Ear (BTE) hearing aids are estimated to bring in more than US$ 4,000 Million revenue by the end of 2024. Meanwhile, Receiver-In-the-Ear (RIE) Hearing Aids are also anticipated to gain popularity in the coming years.

Based on the technology, compared to the conventional hearing aids, digital hearing aids are likely to witness the highest growth in the global market for hearing aids. Towards the end of 2024, digital hearing aids are projected to exceed US$ 10,000 Million in terms of revenue.

In terms of the end user, audiology clinics are likely to be the largest users of hearing aids between 2017 and 2024. Audiology clinics are estimated to surpass US$ 5,000 Million revenue by 2024 end.

Access Full Report @ https://www.persistencemarketresearch.com/checkout/4414

North America to Dominate the Global Hearing Aids Market through 2024

Region-wise, North America is expected to lead the global market for hearing aids. By 2024 end, North America is estimated to bring in more than US$ 4,000 Million revenue. In the U.S. and Canada, hearing loss is becoming a common problem among children and adolescents.

Hence, the increasing number of people are using hearing aids. As per the data collected by Centers for Disease Control and Prevention (CDC) in 2014, revealed that around 97% of newborns were screened for hearing loss in the U.S. Also, more than 90% of children are born deaf to parents with hearing ability, according to the National Institute of Deafness and Other Communication Disorders. Hence, the majority of the companies are launching hearing aids in North America.

Explore Extensive Coverage of Persistence Market Research’s Healthcare Industry

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Global biologics contract manufacturing demand is expected to reach at 8 Mn liters (MnL) in 2030, exhibiting an impressive CAGR of over 17% during the forecast period (2020 – 2030).

Single Use Cystoscope Market:

Predominantly used for early detection and treatment of prostrate and bladder cancer as they minimize side-effects associated with the treatment, single use cystoscopes will witness growing demand owing to reduced possible chances of nosocomial infections.

Bioabsorbable Implants Market:

Technological improvements and preferences in bioabsorbable Implants in recent decades have resulted in wide range of applications and better outcomes which are predicted to contribute to the growth of global bioabsorbable Implants.

About us:       

Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.

Contact us:

Persistence Market Research
Address – 305 Broadway, 7th Floor, New York City, NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com

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