Coherent Market Insights published a business research report on Hearing Aids Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2022–2028. Hearing Aids Market with 150+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. The information is gathered based on modern floats and requests identified with the administrations and items.
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The hearing aids are the devices used for improving hearing sensitivity and managing hearing loss problems. Hearing aids have five different types, which include receiver in the ear, behind the ear, completely in the ear, in the canal, and in the ear hearing aids. Among all these types, behind the ear hearing aids are the most preferred type of hearing aids by the people having hearing issues as it fits behind the ear comfortably. Digital hearing aids provide have longer life span and provide better hearing. The settings of these hearing aids can be changed with a push of a button in order to get different features in advance hearing aids.
The global hearing aids market is estimated to be valued at US$ 8,938.4 million in 2019, and is expected to exhibit a CAGR of 6.6% over the forecast period (2019-2027).
Market players are focused on development of novel customized solutions and launch of new products of hearing aids in developing countries, which in turn is expected to boost growth of the global hearing aids market. For instance, in August 2019, GN hearing announced the launch of ReSound LiNX Quattro in the U.S. It is a custom-crafted hearing aid device.
For instance, in November 2014, Widex India introduces Dream CIC ultra-small hearing aid devices in India. During the launch of the device, the company donated these hearing aids to underprivileged children.
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Moreover, factors such as technologically developed devices with features such as multi-listening programs or wireless technology are also expected to fuel growth of the global hearing aids market during the forecast period.
Players in the market are adopting various strategies such as M&A to increase their presence in the market. For instance, in May 2018, Sivantos Pte. Ltd. announced the merger with Widex A/S. The merger valued US$ 1.9 billion for both companies and it is expected to boost sales growth of the company.
Furthermore, players in the market are focusing on product customization and development of products to provide the needs of the consumers. For instance, in September 2019, Sivantos Inc. introduced Signia Xperience, a first ever device that has acoustic sensors with an inbuilt motion sensor.
Key players in the market are focusing on developing novel products to expand their product portfolio in developing countries such as India, Singapore, and China. For instance, in August 2018, Sivantos Inc. announced the launch of Signia hearing aids. The device has Bluetooth connectivity, binaural listening technology, customizable size, and slick design.
Key players functioning in the global hearing aids market are Sivantos Inc., SeboTek Hearing Systems LLC, Sonic Innovations Inc., Zounds Hearing Inc., Widex A/S, William Demant Holding A/S., Sonova Holding AG, Cochlear Ltd., Oticon A/S, MED-EL, GN Store Nord A/S, and Starkey Hearing Technologies.
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Hearing Aids Market Size Analysis from 2021 to 2027
11.6 COVID-19 Outbreak: Hearing Aids Industry Impact
Chapter 2 Global Hearing Aids Competition by Types, Applications, and Top Regions and Countries
2.1 Global Hearing Aids (Volume and Value) by Type
2.3 Global Hearing Aids (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Hearing Aids Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Hearing Aids Market Analysis
Chapter 6 East Asia Hearing Aids Market Analysis
Chapter 7 Europe Hearing Aids Market Analysis
Chapter 8 South Asia Hearing Aids Market Analysis
Chapter 9 Southeast Asia Hearing Aids Market Analysis
Chapter 10 Middle East Hearing Aids Market Analysis
Chapter 11 Africa Hearing Aids Market Analysis
Chapter 12 Oceania Hearing Aids Market Analysis
Chapter 13 South America Hearing Aids Market Analysis
Chapter 14 Company Profiles and Key Figures in Hearing Aids Business
Chapter 15 Global Hearing Aids Market Forecast (2021-2027)
Chapter 16 Conclusions
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