Press release
Global Hearing Aids Market Become Dominant At CAGR Of 5.50% By 2020
About Hearing Aids Market
Technological advancements have led to the introduction of certain innovative products in the market. Battery-operated conventional devices have been replaced with advanced wireless hearing aid devices. The rise in prevalent cases of hearing loss and the transition in demographics have contributed to the increased use of hearing aids.
Technavios analysts forecast the global hearing aids market to grow at a CAGR of 5.50% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global hearing aids market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales hearing aids that are used to provide assistance with hearing and other related problems.
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The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Hearing Aids Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
William Demant
Sonova
Cochlear
MED-EL
Other prominent vendors
Beltone
Eartone
GN ReSound
Medtechnica Orthophone
Miracle Hearing Aid Clinic
Persona
Shenzhen Sunsky Technology
Siemens Healthcare
Starkey Hearing Aids
Union Hearing Aid Centre
Market driver
Rising incidence rate of hearing loss
For a full, detailed list, view our report
Market challenge
Battery challenges and decibel adjustments hindering adoption
For a full, detailed list, view our report
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Market trend
IT application enabled devices are the next big trend
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
Table of Contents
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
Top-vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market overview
Market size and forecast
Five forces analysis
PART 06: Market segmentation by product
Hearing aid devices
Hearing implants
PART 07: Market segmentation by end-user
Hospitals
Clinics
Individuals
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PART 08: Geographical segmentation
Hearing aids market in Americas
Hearing aids market in EMEA
Hearing aids market in APAC
PART 09: Market drivers
Rising incidence rate of hearing loss
Increased use of binaural fittings
Rise in the number of hearing impairment and related disorders
PART 10: Impact of drivers
PART 11: Market challenges
Battery challenges and decibel adjustments hindering adoption
Heterogeneous reimbursement policy restrictions for different age groups
High procedure cost for hearing implants
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