Hearing Aids Industry Trends, Forecasts Till, 2013 - 2024

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.

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.

Download Free Sample  - https://www.millioninsights.com/industry-reports/hearing-aids-market/request-sample

Hearing aids market is categorized on the basis of product type, technology, end user, application, and geography. On the basis of product type, the market is divided into ITE hearing aid, CIC hearing aid, ITC hearing aid, BTE hearing aid, and others.BTE (behind-the-ear) hearing aid segment holds significant market share of hearing aids due to increasing popularity and high efficiency.

Based on technology, the hearing aid market is spit into audio in-put, radio frequency, infrared, Bluetooth, and others. Bluetooth segment is estimated to grow significantly in the coming years due to growing integration of the technology in various devices like headphones. In terms of end users, hearing aids industry is bifurcated into adults and children. Adults segment lead the market owing to the increasing geriatric population in both developing and developed economies. On the basis of application, hearing aid market is divided into education, commercial, and healthcare. Healthcare segment is expected to hold larger share of the market owing to the increasing incidences of hearing-related issues due to noise pollution and growing use of headphones.

Geographically, hearing aids market is segmented as North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific leads the market due to potential growth of hearing aid equipment in future. Owing to increasing popularity and growing geriatric population, Europe is also expected to dominate the market. 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.

Comments

Post a Comment

Popular posts from this blog

Medical Device Validation & Verification Market Outlook Till, 2020-2027

The global medical device validation and verification market size is expected to reach USD 1.1 billion by 2027, expanding at a CAGR of 11.1% over the forecast period, according to a new report by Grand View Research, Inc. Download Free Sample -  https://www.radiantinsights.com/research/medical-device-validation-&-verification-market/request-sample Increase in demand for advanced and quality medical products and rising complexity with respect to product designing and engineering are anticipated to boost market growth. Rapid innovations in healthcare have increased the need for companies to incorporate new technologies and software applications in their products to meet the demand for validation and verification. Increase in product complexity, availability of newer types of material, and high risk of product failures are some of the key factors increasing the need for validation and verification services. North America dominated the global medical device validation and verificat...
Read more

Athleisure Market Product Estimates & Strategy Framework To 2022 - 2030.

The global  athleisure market  size is expected to reach USD 662.56 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.9% from 2022 to 2030. Athleisure is a popular category because it taps into several broad trends, including a global shift toward consumers wearing more casual clothing, consumers seeking comfortable clothing, and health-conscious consumers engaging in more athletic activities and requiring performance clothing for these activities. True Fit's Fashion Genome (via Direct Commerce), which analyses data from 17,000 brands and 180 million True Fit users, confirms that athleisure orders have increased by 84 percent since the pandemic began; sales of women's athleisure bottoms in the United Kingdom alone were five times higher in December 2020 than in April 2020. In addition, order volumes for men's athleisure wear sales increased by 20% from the previous year. Target's activewear line, All ...
Read more

Light Curing Coating Global Market Size Comparison, Analysis, 2020

UV light-curing equipment is ideal for industrial bonding, coating, encapsulating, and potting, as well as sealing applications. In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Light Curing Coating Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China). Download Free Sample Copy  -  https://www.radiantinsights.com/research/global-light-curing-coating-market-research-report-2020-2024/request-sample In this report, the global Light Curing Coating market is valued at USD XX million in 2020 and is projected to reach USD XX million by the end of 2024, growing at a CAGR of XX% during the period 2020 to 2024. The report first...
Read more