****** Hearing Aids Market is expected to grow substantially in the coming years due to rising incidences of hearing loss and growing adoption of technologically enhanced products. Hearing aids are comparatively small devices that fit in the ear and used by partially deaf people. These devices help improve the hearing by making the sound audible for the person. The digital hearing aids differ in technology, features and design.
Hearing aids industry is influenced by increasing number of patients suffering from hearing loss, particularly the geriatric population, rising noise pollution from growing traffic and industries, and technological advancements in the hearing aid devices. Furthermore, increasing popularity of 3D printing in developed regions is also driving the market growth of hearing aids. However, hearing aids market is constrained by poor diagnostic techniques that leads to low adoption of the devices and significant price of hearing aid equipment.
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Increasing use of lithium-ion batteries in hearing aid devices is one of the emerging trends in the market. Another trend observed in the market is increasing focus of market players to reduce size of the devices. However, growing levels of noise pollution in Asia Pacific countries is offering lucrative opportunities in hearing aids industry.
Product Outlook (Market Revenue in USD Million, 2013 – 2024)
- In-the-ear hearing aid
- Receiver-in-the-ear hearing aid
- Behind-the-ear hearing aid
- Canal hearing aids ITC, CIC and IIC
Technology Outlook (Market Revenue in USD Million, 2013 – 2024)
- Digital hearing aid
- Analog hearing aid
The prominent players in hearing aids industry include Phonak Hearing Systems, ReSound, Siemens AG, Widex, Starkey Hearing Technologies Inc., SeboTek Hearing Systems, LLC., Oticon, Zounds Hearing, Inc., William Demant Holding A/S, GN Store Nord A/S, Cochlear Limited, Sonova, MED-EL, and Sivantos Pte. Ltd. among others.
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Regional Outlook (Market Revenue in USD Million, 2013 – 2024)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
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