Hearing Aids Market Report - Global Outlook and Forecast 2020-2027


 The global hearing aids market size was valued at USD 5,480.1 Million in 2019 and is forecasted to reach USD 8,967.7 Million by 2027 at a CAGR of 6.3%.

The latest market intelligence study on the Hearing Aids market performs an extensive analysis of the competitive landscape and growing investment pocket of the Hearing Aids market for the forecast period, 2020 - 2027. The tailor-made study probes into the current and future trends of that are likely to shape the development of the Hearing Aids industry to give the business owners a competitive edge and help them stay ahead of their rivals. The best of both research techniques including qualitative and quantitative are applied to gauge the market size, share, and growth rate.

By type, canal hearing aids are estimated to witness the fastest growth rate of 7.8% in the forecast period. Canal hearing aids have a less likely chance to overwhelm listeners with feedback, and blocking of the ear canal is less of a problem, thus mitigating the occlusion effect.

By hearing loss, sensorineural hearing loss held a substantial market share in 2019. Sensorineural hearing loss (SNHL) occurs post damage to the inner ear. It may also occur owing to nerve pathways problems from the inner ear to the brain. SNHL may cause difficulty in the hearing of soft sound and even louder sounds.

By application, pediatrics are estimated to observe a CAGR of 4.6% in the forecast period, as the amplification of sound stimulates and promotes the growth of the brain’s auditory centers, thereby assisting in a child’s critical learning.

Europe, in terms of revenue, held the largest hearing aid market share in 2019 and is likely to grow at a CAGR of 5.8% in the forecast period. The market dominance of the region is owing to the growing geriatric population and increasing occurrences of hearing loss.

Key participants include Benson Hearing, Starkey, Medtronic, Sivantos Pte. Ltd., MED_EL, WIDEX USA Inc., GN Store Nord A/S, Phonak, William Demat Holding A/S, and Rion, among others.

Browse the full report description @ https://www.emergenresearch.com/industry-report/hearing-aids-market

Type Outlook (Revenue, USD Billion; 2017-2027)

  1. Behind-the-ear Hearing Aids
  2. Receiver in-the-ear Hearing Aids
  3. In-the-ear Hearing Aids
  4. Canal Hearing Aids
  5. Others

Hearing Loss Outlook (Revenue, USD Billion; 2017-2027)

  1. Sensorineural Hearing Loss
  2. Conductive Hearing Loss

Application Outlook (Revenue, USD Billion; 2017-2027)

  1. Adults
  2. Pediatrics

Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)

  1. Online
  2. Offline

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Location: New York, NY, USA

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