Hearing Aids Market is Anticipated to Witness a Substantial Growth Through 2025
Technological advancements such as 3D printing technology and
development of silver zinc rechargeable batteries are acting as key growth
drivers for global hearing aids market
According
to TechSci Research report, “Global
Hearing
Aids Market By Product Type (In the Ear Hearing Aids, In the Canal,
Completely in the Canal, Behind the Ear and Receiver in the Canal), By End User
(Hospital, Clinics & Individuals), By Region, Forecast & Opportunities,
2025”, the market is expected to
grow at a substantial rate during the forecast period. Key factors propelling
the growth of global hearing aids market are rising number of patients with
hearing problems due to excessive noise pollution and other lifestyle related
issues, coupled with technological advancements in hearing aid devices. The
launch of hearing aids with software to help user program as per the need is a
breakthrough development and is anticipated to drive the market growth through
2025. Furthermore, technological advancements such as the use of lithium-ion
batteries which can increase the lifeline of hearing aid devices is expected to
fuel the market growth over the next few years.
Additionally, hearing aid companies are approaching audiology
clinics and ENT clinics to demonstrate their products as more people are taking
opinion from hearing aid professional before buying the hearing aid devices. This
marketing and promotion strategy can further positively influence the market
growth over the next few years. Also, the availability of hearing aid devices
which offers comfort and comes along with cleaning kit to maintain the device
is anticipated to foster the market growth in coming years. However, hearing aids
in some cases can lead to a number of problems including ear wax and moisture
problems. This is likely to hamper the growth of hearing aids. Besides, wrong
size of the hearing aids and feedback problem is also acting as a major
challenge slowing down the market growth.
Browse XX market data Tables and XX Figures spread through XXX Pages and an in-depth TOC on"Global Hearing Aids"
https://www.techsciresearch.com/report/global-hearing-aids-market/1463.html
The global
hearing aids market is segmented based on product type, end user, company, and
region. Based on product type, the market can be categorized into in the ear
hearing aids, in the canal, completely in the canal, behind the ear and
receiver in the canal. Among them, behind-the-ear (BTE) segment is expected to dominate
the global hearing aids market as they can fit easily behind the ear and are
not visible. Moreover, many BTE models are Bluetooth compatible which is
creating their high demand in global hearing aids market.
Based
on end user, global hearing aids market can be segmented into hospital, clinics
and individuals. Among them, the
individual end users are expected to evolve as largest users of hearing aids
during the forecast period on account of increasing aging population and
availability of technologically advanced hearing aids which are easy to use.
Major players operating in the global hearing
aids market are ReSound, Widex, Oticon, Siemens AG, Starkey Hearing
Technologies Inc., Phonak Hearing Systems, Zounds SeboTek Hearing Systems, LLC,
Sivantos Pte. Ltd., GN Store Nord A/S and Cochlear Limited Hearing, Inc.
Leading companies are undergoing growth strategies such as new product
launches, mergers & acquisitions and collaborations.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=1463
Customers can also request for 10% free
customization on this report.
“Asia
Pacific is expected to witness significant growth in the global hearing aids
market during the forecast period. This can be ascribed to the improving
healthcare infrastructure coupled with rising geriatric population in the
region. Additionally, Manufacturing outsourcing is emerging as a key trend in global hearing aids market
with China and South Korea among the key destinations for outsourcing. This can
further influence the market growth in the region over the next few years. said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Global Hearing Aids Market By Product Type (In the
Ear Hearing Aids, In the Canal, Completely in the Canal, Behind the Ear and
Receiver in the Canal), By End User (Hospital, Clinics & Individuals), By Region,
Forecast & Opportunities, 2025” has
evaluated the future growth potential of hearing aids market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global hearing aids market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]