Hearing Aid Market Share by Manufacturer, Size, Price Trends, Growth Rate and Forecast 2027 – EIN News
SHERIDAN, WYOMING, UNITED STATES, August 8, 2022 /EINPresswire.com/ — The latest report by IMARC Group, titled “Hearing Aid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on Hearing Aid Market Share by Manufacturer.
Market Overview:
The global hearing aid market reached a value of US$ 6…….
SHERIDAN, WYOMING, UNITED STATES, August 8, 2022 /EINPresswire.com/ — The latest report by IMARC Group, titled “Hearing Aid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on Hearing Aid Market Share by Manufacturer.
Market Overview:
The global hearing aid market reached a value of US$ 6.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.7 Billion by 2027, exhibiting a CAGR of 6.47% during 2022-2027. A hearing aid is a small, electronic device that helps amplify the sound to improve hearing. It is largely used by individuals suffering from hearing impairment or auditory nerve damage to communicate and participate in daily activities. Generally worn behind the ear, the hearing aid consists of a microphone, amplifier, and a speaker that magnifies sound vibrations into neural signals, which are then passed to the brain. Currently, hearing aids are available in a wide variety of designs and can be customized as per the requirements of the user.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Download a free sample report to get a detailed overview of the report: https://www.imarcgroup.com/hearing-aid-market/requestsample
Global Hearing Aid Market Trends:
One of the key factors driving the hearing aid market growth is the rising instances of hearing loss due to the growing geriatric population. This is further supported by the increasing occurance of noise-induced hearing disorders, especially in infants, which, in turn, have facilitated the demand for hearing aids. Additionally, the integration of advanced technologies, such as Bluetooth connectivity, artificial intelligence (AI), tinnitus masking, and rechargeable battery solutions with hearing aids, is acting as another growth-inducing factor. Besides this, key market players are introducing aesthetically appealing designs with customization options to expand their product portfolio and increase their consumer base, which is further creating a positive outlook for the market.
Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product Type, Hearing Loss, Patient Type, Technology Type, End-User, Region
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global hearing aid market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type, hearing loss, patient type, technology type and end-user.
Competitive Landscape:
Sonova Holding AG, Starkey Laboratories, Inc., MED-EL GmbH, Demant A/S, WS Audiology A/S, Widex A/S, Sivantos Group, GN Store Nord A/S, Cochlear Limited, SeboTek Hearing Systems LLC, ReSound Group (GN Hearing A/S), AGX …….
