United States, Seattle – Stratagem Market Insights recently published a new study on the Hearing Aids Market. The report provides an overview of the market and offers a detailed analysis of the industry. The study provides statistical data represented in tables, pie charts, graphs and numbers to help better understand the market. Hearing Aids Market report includes a comprehensive analysis of the regions and the competitors associated with the market. The report provides an overview of the current market scenario, along with precise estimates of the growth of the industry. The research report provides a comprehensive assessment of the market and provides forward-looking perspectives regarding market trends, growth factors, facts, and industry-validated market data. The research study provides an accurate forecast estimate of the Hearing Aids market to 2028. The report also covers a comprehensive analysis of the competitive landscape with detailed profiling of the major competitors.
Additionally, the report is updated with changes in market dynamics and economic scenarios due to the COVID-19 pandemic. The report assesses the impact of the pandemic on the global market and provides a detailed assessment of the present and future impact of the COVID-19 pandemic on the industry.
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Hearing Aids Market Overview:
No matter what type of hearing loss you are experiencing there are devices available to help. There are many different types of assistive hearing devices available for those with hearing loss. Most audible aids are portable and provide the hearing ability that is needed to carry on daily living tasks. The most common audible devices are in the form of earpieces or receivers. Earpieces and receivers can be purchased as either over-the-counter or prescription models. Most earpieces have a microphone built-in that can pick up external sounds, but the most advanced units have a vibrating system that aids in amplifying these sounds to make them more audible. Receivers, on the other hand, have two microphones that allow them to pick up only specific areas of audio and transmit the information to the person wearing the receiver.
Hearing Aids Market Dynamics:
High prevalence of hearing impairment is expected to propel the growth of the global hearing aids market over the forecast period. For instance, For instance, according to the World Health Organization, over 900 million people will have disabling hearing loss by 2050. Moreover, the launch of products in response to the Covid-19 pandemic is also expected to aid in the growth of the market. For instance, in April 2020, Phonak launched a new telehealth technology comprised of a suite of Phonak eSolutions featuring online hearing testing and real-time remote hearing aid fitting, programming, and fine-tuning as a response to the immediate need for those with hearing loss to receive essential care amid the COVID-19 pandemic.
The market is witnessing increasing demand for an over-the-counter hearing. However, such products come with misleading claims and are meant to treat mild to moderate hearing loss and may not be able to treat severe hearing loss. In August 2021, California Attorney General Rob Bonta issued a consumer alert warning people in California to exercise caution when purchasing direct-to-consumer hearing products, such as hearing aids, over-the-counter or online.
Key Takeaways:
- High prevalence of hearing impairment is expected to propel the growth of the global hearing aids market over the forecast period
- Major players operating in the global hearing aids market are focused on launching new products and updates to enhance their market share. For instance, in October 2020, Starkey releases mask mode for LIVIO AI hearing aids. The Mask Mode boosts the frequency response in certain channels to help patients better hear people who are wearing face masks.
Competitive Assessment:
Major players operating in the global hearing aids market include William Demant, Sonova, Starkey, Sivantos, GN ReSound, Widex, Rion, Sebotek Hearing Systems, Audina Hearing Instruments, Microson, Audicus, Horentek, and Arphi Electronics
Points Covered in The Report:
- The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
- The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2015 to 2020 and the Hearing Aid market forecast data from 2021 to 2028.
- The Hearing Aid market growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
The Hearing Aid market report presents a five-year trend study, as in the baseline review and the previous year’s review, which shows the size, market volume, and market share for key areas. Moreover, the market for Hearing aids has been fragmented in areas of North America, Europe, Asia-Pacific, Latin America, Africa, and the rest of the world (ROW). This section of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
- North America (USA and Canada)
- Europe (UK, Germany, France, and the rest of Europe)
- Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
- Latin America (Brazil, Mexico, and the rest of Latin America)
- Middle East and Africa (GCC and rest of the Middle East and Africa)
On the basis of product type, this report displays the production, revenue, price, market share, and growth rate of Hearing Aid Market types split into:
- Behind-The-Ear(BTE)
- In-The-Ear(ITE)
- In-The-Canal(ITC)
- Completely-In-Canal (CIC)
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share, and growth rate of Hearing Aid Market applications, includes:
- Congenital Hearing Loss
- Age-Related Hearing Loss
- Acquired Trauma Hearing Loss
The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
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Reasons to Purchase this Report:
- The trendy developments, market shares, and strategies that are employed by means of the essential market players
- The segment that is anticipated to dominate the market as properly as the segment which holds the highest CAGR in the forecast period
- Current and future of global Hearing Aid market outlook in the developed and rising markets
- Regions/countries that are anticipated to witness the quickest growth rates at some stage in the forecast period
Main points in Hearing Aid Market Report Table of Content:
1 Study Coverage
1.1 Hearing Aid Product Introduction
1.2 Key Market Segments in This Study
1.3 Key Manufacturers Covered: Ranking of Global Top Hearing Aid Manufacturers by Revenue in 2019
1.4 Market by Type
1.4.1 Global Hearing Aid Market Size Growth Rate by Type
1.4.2 Behind-The-Ear(BTE)
1.4.3 In-The-Ear(ITE)
1.4.4 In-The-Canal(ITC)
1.4.5 Completely-In-Canal (CIC)
1.5 Market by Application
1.5.1 Global Hearing Aid Market Size Growth Rate by Application
1.5.2 Congenital Hearing Loss
1.5.3 Age-Related Hearing Loss
1.5.4 Acquired Trauma Hearing Loss
1.6 Coronavirus Disease 2019 (Covid-19): Hearing Aid Industry Impact
1.6.1 How the Covid-19 is Affecting the Hearing Aid Industry
1.6.1.1 Hearing Aid Business Impact Assessment – Covid-19
1.6.1.2 Supply Chain Challenges
1.6.1.3 COVID-19s Impact On Crude Oil and Refined Products
1.6.2 Market Trends and Hearing Aid Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.6.3.2 Proposal for Hearing Aid Players to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Executive Summary
2.1 Global Hearing Aid Market Size Estimates and Forecasts
2.1.1 Global Hearing Aid Revenue Estimates and Forecasts 2015-2028
2.1.2 Global Hearing Aid Production Capacity Estimates and Forecasts 2015-2028
2.1.3 Global Hearing Aid Production Estimates and Forecasts 2015-2028
2.2 Global Hearing Aid Market Size by Producing Regions: 2015 VS 2020 VS 2028
2.3 Analysis of Competitive Landscape
2.3.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
2.3.2 Global Hearing Aid Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.3.3 Global Hearing Aid Manufacturers Geographical Distribution
2.4 Key Trends for Hearing Aid Markets & Products
2.5 Primary Interviews with Key Hearing Aid Players (Opinion Leaders)
3 Market Size by Manufacturers
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10 Hearing Aid Consumption Forecast by Region
10.1 Global Hearing Aid Consumption Forecast by Region (2021-2028)
10.2 North America Hearing Aid Consumption Forecast by Region (2021-2028)
10.3 Europe Hearing Aid Consumption Forecast by Region (2021-2028)
10.4 Asia Pacific Hearing Aid Consumption Forecast by Region (2021-2028)
10.5 Latin America Hearing Aid Consumption Forecast by Region (2021-2028)
10.6 Middle East and Africa Hearing Aid Consumption Forecast by Region (2021-2028)
11 Value Chain and Sales Channels Analysis
11.1 Value Chain Analysis
11.2 Sales Channels Analysis
11.2.1 Hearing Aid Sales Channels
11.2.2 Hearing Aid Distributors
11.3 Hearing Aid Customers
12 Market Opportunities & Challenges, Risks and Influences Factors Analysis
12.1 Market Opportunities and Drivers
12.2 Market Challenges
12.3 Market Risks/Restraints
12.4 Porter’s Five Forces Analysis
13 Key Finding in The Global Hearing Aid Study
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
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