Increasing incidences and prevalence of hearing loss, rising geriatric population has led to focus of market players in introducing new and innovative products and availability of favorable government regulations are some of the growth factors in the hearing aids market. Moreover, various educational and research institutes, organizations and societies are working on treatments of hearing losses to make the entire treatment procedure affordable. For instance, China Southeast University Institute of Life Sciences announced collaboration for joint research project with Boehringer Ingelheim, a leading pharmaceutical company.
Major Key Players of the Hearing Aids Market are:
Sonova, William Demant Holding A/S, GN Store Nord A/S, Cochlear Ltd., Sivantos Pte. Ltd., Starkey, WIDEX A/S, SeboTek Hearing Systems, Audina Hearing Instruments, Inc. and Horentek other prominent players.
The population of geriatric population across the world has grown rapidly over the past several decades. Moreover, this growth has witnessed an unprecedented rate in recent times. In 2016, it was approximated that the population of individuals aged 65 years or older was 8.5% or 617 million of the entire world population. Furthermore, it is projected that the figure will witness an increment to 17% i.e. 1.6 billion by the end of 2050. Such rapid growth of geriatric population is anticipated to present a remunerative growth opportunity for the global hearing aids market in the coming times. Since, growing age brings about several ailments associated with hearing, namely hearing loss, and other hearing problems.
The Hearing Aids Market is segmented on the basis of Product, Types, Applications and region.
Major Product of Hearing Aids Market covered are:
Hearing Aid Devices
- Receiver-In-The-Ear Hearing Aids
- Canal Hearing Aids
- Behind-The-Ear Hearing Aids
- In-The-Ear (ITE) Hearing Aids
- Other Hearing Aid Devices
Hearing Implants
- Bone-Anchored Systems
- Cochlear Implants
Major Type Of Hearing Loss of Hearing Aids Market covered are:
- Conductive Hearing Loss
- Sensorineural Hearing Loss
Major Applications of Hearing Aids Market covered are:
- Pediatrics
- Adults
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