Press release
Global Hearing Aids Market: Segment Snapshot and Table of Content (2016-2024)
Transparency Market Research projects the global hearing aids market to exhibit a CAGR of 4.5% between 2016 and 2024. The market is expected to be worth US$7.01 bn by the end of 2024, rising from US$4.7 bn in 2015.
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The Global Hearing Aids Market is segmented on the basis of Product, End-user and Geography.
The high disposable income of consumers in developing regions is also likely to be a key driver for the global hearing aids market in the coming years. The geriatric and middle-aged demographic in developed countries is already reasonably affluent, allowing for growing demand from the hearing aids market and steady support for technological advancements in the same. On the other hand, developing economies have seen relatively slow growth of the hearing aids market due to the inability of consumers to purchase products that are already standard in developed regions. The growing disposable income of citizens in emerging regions such as Asia pacific and Latin America is thus likely to aid the growth of the global hearing aids market significantly in the coming years.
By type, the global hearing aids market is segmented into adult and pediatric hearing aids. Adult hearing aids dominate the global hearing aids market, with the segment accounting for close to 95% of the global hearing aids market in 2015. Adult hearing aids are likely to remain the leading contributor to the global hearing aids market in the coming years, though pediatric hearing aids could play an increasingly important role in the development of the market due to the rising prevalence of hearing problems among younger demographics.
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Regionally, Europe is the key segment of the global hearing aids market due to the widespread support for consistent updation of medical technology and the high disposable income of users in the region. North America is also a major regional player in the global hearing aids market due to the presence of several leading players in the hearing aids industry. Moreover, emerging economies in Asia Pacific are likely to make stellar contributions to the global hearing aids market in the coming years.
Summary of Table of Content
1. Preface
2. Executive Summary
3. Global Hearing Aid Market – Industry Analysis
4. Global Hearing Aid Market Analysis, by Product, (US$ Mn), 2014–2024
5. Global Hearing Aid Market Analysis, by End-user
6. North America Hearing Aid Market Analysis, (US$ Mn), 2014–2024
7. Europe Hearing Aid Market Analysis, (US$ Mn), 2014–2024
8. Asia Pacific Hearing Aid Market Analysis, (US$ Mn), 2014–2024
9. Latin America Hearing Aid Market Analysis, 2014 – 2024 (US$ Mn)
10. Rest of World (ROW) Hearing Aid Market Analysis, (US$ Mn), 2014–2024
11. Global Hearing Aid Market, Country Snippets
12. Company Profiles
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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