• Popular
    • Medicine
    • Radiology
    • Cardiology
    • Surgery
    • Nanomedicine
    • Military Medicine
    • Rehab
  • Categories
    • Exclusive
    • A-D
      • Anesthesiology
      • Art
      • Cardiac Surgery
      • Cardiology
      • Critical Care
      • Dentistry
      • Dermatology
      • Diagnostics
    • E-I
      • Emergency Medicine
      • ENT
      • Genetics
      • Geriatrics
      • GI
      • Informatics
    • M-N
      • Medicine
      • Military Medicine
      • Nanomedicine
      • Net News
      • Neurology
      • Neurosurgery
      • Nuclear Medicine
    • O-P
      • Ob/Gyn
      • Oncology
      • Ophthalmology
      • Orthopedic Surgery
      • Pathology
      • Pediatrics
      • Plastic Surgery
      • Psychiatry
      • Public Health
    • R-V
      • Radiation Oncology
      • Radiology
      • Rehab
      • Reproductive Medicine
      • Space Medicine
      • Sports Medicine
      • Surgery
      • Thoracic Surgery
      • Urology
      • Vascular Surgery
  • SUBSCRIBE
  • Submit PR
  • About
  • Follow
    • Facebook
    • Twitter
    • Linkedin
    • Youtube
    • Instagram
    • RSS
  • Submit PR
  • Log in
Medgadget
Medgadget
  • Popular
    • Medicine
      Levels Is Making Metabolism and Blood Glucose Tracking Accessible To Everyone

      Levels Is Making Metabolism and Blood Glucose Tracking Accessible To Everyone

      CRISPR Combined with Glowing Proteins for Viral Detection

      CRISPR Combined with Glowing Proteins for Viral Detection

      Biomimetic Construct Models Burn Injuries

      Biomimetic Construct Models Burn Injuries

      Moving Cells Using Ultrasound

      Moving Cells Using Ultrasound

    • Radiology
      Imaging Technique Reveals Contraction Patterns During Labor

      Imaging Technique Reveals Contraction Patterns During Labor

      Moving Cells Using Ultrasound

      Moving Cells Using Ultrasound

      Ultrasound Catheter to Treat Hypertension

      Ultrasound Catheter to Treat Hypertension

      Antibacterial Smart Sutures Visible in CT Scans

      Antibacterial Smart Sutures Visible in CT Scans

    • Cardiology
      Scientists Grow Electrodes Inside The Body

      Scientists Grow Electrodes Inside The Body

      Patient-Specific Soft Robotic Heart Replicas for Treatment Planning

      Patient-Specific Soft Robotic Heart Replicas for Treatment Planning

      Tiny Patch for Cardiac Ultrasound Imaging

      Tiny Patch for Cardiac Ultrasound Imaging

      Belt Monitors Heart Failure Patients

      Belt Monitors Heart Failure Patients

    • Surgery
      Biomimetic Construct Models Burn Injuries

      Biomimetic Construct Models Burn Injuries

      Exclusive Look at HandX Robotic-Assisted Surgical Device from Human Xtensions

      Exclusive Look at HandX Robotic-Assisted Surgical Device from Human Xtensions

      Self-Assembling Peptides as a Bioink

      Self-Assembling Peptides as a Bioink

      3D Bioengineered Skin Grafts Fit Complex Anatomy

      3D Bioengineered Skin Grafts Fit Complex Anatomy

    • Nanomedicine
      Bottlebrush Particle for Synergistic Drug Combinations

      Bottlebrush Particle for Synergistic Drug Combinations

      Extra Hot Nanoparticles for Cancer Therapy

      Extra Hot Nanoparticles for Cancer Therapy

      Making Tumors Tastier for the Immune System

      Making Tumors Tastier for the Immune System

      Improved Membrane Coating for Anti-Cancer Nanoparticles

      Improved Membrane Coating for Anti-Cancer Nanoparticles

    • Military Medicine
      Device Measures Hemoglobin More Accurately in Dark Skin

      Device Measures Hemoglobin More Accurately in Dark Skin

      Fingertip Sensor Measures Lithium Levels in Sweat

      Fingertip Sensor Measures Lithium Levels in Sweat

      Fabric Makes Electricity from Movement to Power Wearables

      Fabric Makes Electricity from Movement to Power Wearables

      Wearable Uses Microneedles to Track Metabolism

      Wearable Uses Microneedles to Track Metabolism

    • Rehab
      Empowering Stroke Survivors: Interview with Kirsten Carroll, CEO at Kandu Health

      Empowering Stroke Survivors: Interview with Kirsten Carroll, CEO at Kandu Health

      Smart Walking Stick for Visually Impaired People

      Smart Walking Stick for Visually Impaired People

      Implantable Device Adheres to Muscle, Treats Atrophy

      Implantable Device Adheres to Muscle, Treats Atrophy

      Non-Invasive Spinal Modulation for Cerebral Palsy

      Non-Invasive Spinal Modulation for Cerebral Palsy

  • Categories
    • Exclusive
    • A-D
      • Anesthesiology
      • Art
      • Cardiac Surgery
      • Cardiology
      • Critical Care
      • Dentistry
      • Dermatology
      • Diagnostics
    • E-I
      • Emergency Medicine
      • ENT
      • Genetics
      • Geriatrics
      • GI
      • Informatics
    • M-N
      • Medicine
      • Military Medicine
      • Nanomedicine
      • Net News
      • Neurology
      • Neurosurgery
      • Nuclear Medicine
    • O-P
      • Ob/Gyn
      • Oncology
      • Ophthalmology
      • Orthopedic Surgery
      • Pathology
      • Pediatrics
      • Plastic Surgery
      • Psychiatry
      • Public Health
    • R-V
      • Radiation Oncology
      • Radiology
      • Rehab
      • Reproductive Medicine
      • Space Medicine
      • Sports Medicine
      • Surgery
      • Thoracic Surgery
      • Urology
      • Vascular Surgery
  • SUBSCRIBE
  • Submit PR
  • About
  • Log in
  • Submit PR
  • Follow
    • Facebook
    • Twitter
    • Linkedin
    • Youtube
    • Instagram
    • RSS

Hearing Aids Market to Reach USD 11.02 Billion by 2028; Launch of Starkey’s Next-Generation Livio Edge AI to Bolster Growth: Fortune Business Insights™

May 11th, 2021 Fortune Business Insights Releases

The global “hearing aids market” size is expected to reach USD 11.02 billion by 2028, exhibiting a CAGR of 7.4 % during the forecast period. The increasing innovations in hearing technologies coupled with the trend for connected devices will have an incredible impact on the market growth during the forecast period, states Fortune Business Insights, in a report, titled “Hearing Aids Market, 2021-2028.” The market size stood at USD 6.47 billion in 2020 and USD 6.67 billion in 2021.

Request a Sample Copy of the Global Hearing Aids Market Research Report: 

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/hearing-aids-market-101573

Key Development:

August 2020: GN Store Nord A/S introduced a breakthrough product called ReSound One. It involves a microphone in the ear canal. The new product utilizes microphone and receiving-in-ear design (M& RIE) to collect sounds and enhance user experience.

The Report Lists the Key Players in this Market:

  • Sonova (Stafa, Switzerland)
  • Demant A/S (Denmark)
  • GN Store Nord A/S (Ballerup, Denmark)
  • WS Audiology (Denmark)
  • Starkey (Minnesota, U.S.)
  • MED-EL (Medical Electronics) (Innsbruck, Austria)
  • Cochlear Ltd (Sydney, Australia)
  • RION Co., Ltd. (Tokyo, Japan)
  • Other prominent players

Hearing Aids Highlights of the Report:

  1. Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
  2. Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
  3. Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
  4. Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
  5. Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market

Delayed Cochlear Implantations Procedures to Affect Business amid Coronavirus

COVID-19 had a dramatic effect on the healthcare sector. The postponement of non-compulsory surgeries due to the surge in COVID-19 patients has resulted in a significant loss for the hearing aids industry. The demand for devices such as orthopedic implants, heart valves, intraocular lenses, and audiology diagnostics devices showcases the downward curve. Furthermore, the reduced sales and production of hearing aid instruments can considerably inhibit the market’s growth. According to the British Irish Hearing Instrument Manufacturers Association, the sales of these aids decreased by 35.7% in 2020. Similarly, according to the Hearing Industries Association (HIA) statistics, unit sales of hearing devices in the U.S. declined by 18.0% in 2020. In addition, the deferment of cochlear implantations procedures has resulted in decreased sales, which, in turn, can retard the development of the global hearing aids market.

To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/industry-reports/hearing-aids-market-101573

The Hearing Devices Segment to Dominate the Market

Based on the product, the market is classified into hearing devices and hearing implants. The hearing devices segment can be further split into behind-the-ear (BTE), in the ear (ITE), receiver in the canal (RIC), completely in the canal (CIC), others (invisible in the canal). The hearing devices segment is expected to hold the largest share during the forecast period. The growth is attributed to the demand for BTE devices that resemble Bluetooth earphone devices

Based on patient type, the market is classified into adults and pediatrics. The adults are likely to exhibit rapid growth during the forecast period. The development is attributed to the rising geriatric population and increasing awareness about various hearing devices & implants.

Based on distribution channels, the market is classified into OTC, hospital pharmacies/ medical channels, and retail pharmacies/private practice. The hospital pharmacies segment is expected to account for the largest share during the forecast period.

Geographically, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Quick Buy – Hearing Aids Market Research Report:

https://www.fortunebusinessinsights.com/checkout-page/101573

The report on the hearing aids market covers:

  • Comprehensive assessment of the market
  • Esteemed ideas into the segments
  • Cutting-edge trends and significant drivers
  • Main regions in the industry
  • Notable development
  • COVID-19 impact

Technological Advancement in Hearing Devices to Intensify Market

The integration of intelligent technologies in hearing devices will boost the market growth in the forthcoming years. The emergence of digital platforms in devices will enhance the hearing experience for patients, which, in turn, will foster market growth. High-end features in devices such as high sound processing, compatibility with smartphones, Bluetooth connectivity, artificial intelligence (AI), rechargeable batteries, and tinnitus masking will spur opportunities for the market in the forthcoming years. Moreover, the introduction of innovative hearing devices by prominent will enable the market’s speedy expansion in the upcoming years. For instance, in February 2020, Starkey introduced the launch of the next-generation Livio Edge AI. The device uses artificial intelligence to analyze the surrounding sounds and make immediate adjustments for a better user experience. It also has an aesthetic appeal to it because of the miniaturized device.

Surging Geriatric Population to Foster Growth in Asia Pacific

Asia Pacific is expected to increase rapidly during the forecast period due to the increasing demand for hearing implants. The surging geriatric population will foster growth of the market in the region. According to Hear-it.org, over 3.6 million Australians suffer from hearing loss, and the figure is projected to reach 7.8 million in 2060, which is expected to surge in the forthcoming years. The market in Europe is expected to hold the largest hearing aids market share during the forecast period. The growth in the region is attributed to strong government support. The increased research and development for advanced hearing devices will promote growth in the region. The presence of numerous companies such as GN Store Nord A/S, Senovo, Demant A/S, and WS Audiology will enhance the region’s development. According to Hearing Link, about 12,000 people in the U.K. use cochlear implants. It would also propel growth.

Have Any Query? Ask Our Experts:

https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/hearing-aids-market-101573

Table Of Contents :

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Prevalence of Hearing loss, By Key Country
    • Technological Advancement Sin Hearing Aids Market
    • New Product Launches
    • Key Industry Developments (Mergers, Acquisitions, and Partnerships)
    • Impact of COVID-19 Pandemic
  • Global Hearing Aids Market Analysis, Insights and Forecast, 2017-2028
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Product
      • Hearing Devices
        • BTE ( Behind the Ear)
        • ITE (In the Ear)
        • RIC (Receiver in the Canal)
        • CIC (Completely in the Canal)
        • Others (Invisible in the Canal, etc.)
      • Hearing Implants
        • Cochlear Implants
        • Bone Anchored Implants
    • Market Analysis, Insights and Forecast – By Patient Type
      • Adults
      • Pediatrics
    • Market Analysis, Insights and Forecast – By Distribution Channel
      • OTC (Over the Counter)
      • Medical Channel/ Hospitals Pharmacies
      • Private Practice/ Retail Pharmacies
    • Market Analysis, Insights and Forecast – By Region
      • North America
      • Europe
      • Asia Pacific
      • Rest of the World
  • North America Hearing Aids Market Analysis, Insights and Forecast, 2017-2028
    • Key Findings / Summary
    • Market Analysis – By Product
      • Hearing Devices
        • BTE ( Behind the Ear)
        • ITE (In the Ear)
        • RIC (Receiver in the Canal)
        • CIC (Completely in the Canal)
        • Others (Invisible in the Canal, etc.)
      • Hearing Implants
        • Cochlear Implants
        • Bone Anchored Implants
    • Market Analysis – By Patient Type
      • Adults
      • Pediatrics
    • Market Analysis – By Distribution Channel
      • OTC (Over the Counter)
      • Medical Channel/ Hospitals Pharmacies
  • Private Practice/ Retail Pharmacies
    • Market Analysis – By Country
      • U.S.
      • Canada

Toc Continue…

Get your Customized Research Report:

https://www.fortunebusinessinsights.com/enquiry/customization/hearing-aids-market-101573

SECONDARY RESEARCH IS CONDUCTED TO DERIVE THE FOLLOWING INFORMATION:

  • Details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies
  • Details in relation to prevalence, incidence, patient numbers, distribution of patients, average price of treatment, etc.
  • Number of end user facilities by region/country and average annual spending or procurement of devices by type of end user facility
  • Number of procedures and average price of procedures
  • Replacement rate and pricing of capital equipment
  • Market dynamics in relation to the market under focus – Drivers, restraints, trends, and opportunities
  • Market & technological trends, new product developments, product pipeline.

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune – 411045, Maharashtra, India.

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: sales@fortunebusinessinsights.com

Fortune Business Insights™

LinkedIn | Twitter | Blogs

Press Release: https://www.fortunebusinessinsights.com/press-release/hearing-aids-market-9313

Sign up and submit a press release

Sponsored
Venture builder BHV Partners launches Conus Airway to improve anaesthesia  and respiratory surgery

Venture builder BHV Partners launches Conus Airway to improve anaesthesia and respiratory surgery

FDA Expands Indications for Use of FibroScan® for Comprehensive Liver Management

FDA Expands Indications for Use of FibroScan® for Comprehensive Liver Management

machineMD and Varjo revolutionize the diagnosis of brain disorders with a VR-based eye-tracking solution 

machineMD and Varjo revolutionize the diagnosis of brain disorders with a VR-based eye-tracking solution 

Ax-Surgi Hemostat gets FDA Clearance for Surgical Bleeding Control

Ax-Surgi Hemostat gets FDA Clearance for Surgical Bleeding Control

Clarius Report Finds 85% of Clinicians Believe Ultrasound Leads to Better Patient Outcomes

Clarius Report Finds 85% of Clinicians Believe Ultrasound Leads to Better Patient Outcomes

interviews & reviews
Levels Is Making Metabolism and Blood Glucose Tracking Accessible To Everyone

Levels Is Making Metabolism and Blood Glucose Tracking Accessible To Everyone

Imagene Profiles Cancer Biomarkers in Real Time

Imagene Profiles Cancer Biomarkers in Real Time

Empowering Stroke Survivors: Interview with Kirsten Carroll, CEO at Kandu Health

Empowering Stroke Survivors: Interview with Kirsten Carroll, CEO at Kandu Health

Alpha TAU Killing Tumors With Highly Targeted Alpha Radiation

Alpha TAU Killing Tumors With Highly Targeted Alpha Radiation

Neuroimmune Modulation for Inflammatory Disease: Interview with Dr. Simhambhatla, President and CEO of SetPoint Medical

Neuroimmune Modulation for Inflammatory Disease: Interview with Dr. Simhambhatla, President and CEO of SetPoint Medical

Exclusive Look at HandX Robotic-Assisted Surgical Device from Human Xtensions

Exclusive Look at HandX Robotic-Assisted Surgical Device from Human Xtensions

Balance Boards to Stay Active in the Offfice: Interview with Joel Heath, CEO of FluidStance 

Balance Boards to Stay Active in the Offfice: Interview with Joel Heath, CEO of FluidStance 

  • Subscribe
  • Contact us
  • Submit
  • About
  • Back to top
Medgadget

Medical technologies transform the world! Join us and see the progress in real time. At Medgadget, we report the latest technology news, interview leaders in the field, and file dispatches from medical events around the world since 2004.

  • About
  • Editorial policies
  • Contact
  • Terms of Service
  • Privacy
  • Submit press release
  • Advertise
© Medgadget, Inc. All rights reserved. | The Medical Revolution Will Be Blogged.
Please support this website by adding us to your whitelist in your ad blocker. Ads are what helps us bring you premium content! Thank you!
Posting....
  • Facebook
  • Twitter
  • LinkedIn
  • Reddit
  • Email