Hearing Aids Market Size, Share, Growth, Trends, Competitive Scenario and Forecasts, 2012 to 2020

Hexa Research Inc.

Industry Research,Custom Research & Consulting

Hearing Aids Market Size, Share, Application Analysis,

Regional Outlook, Growth, Trends, Competitive Scenario

And Forecasts, 2012 To 2020

Industry Insights

As per the statistics of WHO, approximately 33% of geriatric population suffer from some degree of

hearing loss. The hearing aids market thus, has gone through a sharp hike owing to the expanding

geriatric population base globally. Rising prevalence of hearing loss such as congenital hearing problem

and nerve deafness coupled with the full or partial reimbursement for these by the governments of

various countries has contributed to the spurred demand of these worldwide.

Rapid technological advancements are taking place in this market. The most recent innovations being

the incorporation of Bluetooth and the introduction of aesthetically appealing, 100% undetectable,

waterproof hearing aids. All these advancements have been optimistic for the growth of the market as

the new enhanced, cost effective product features are augmenting number of users of these devices.

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Hexa Research Inc.

Industry Research,Custom Research & Consulting

The key players in global hearing aids market are William Demant Holding A/S, Sonova Holding AG,

Siemens AG, Widex A/S, and GN Resound. The companies in this market have to face stringent

regulatory compliances and also have to indulge themselves in new product development as a

significant amount of consolidation in the manufacturing capabilities has taken place. Companies are

thus entering into mergers & acquisitions, and joint ventures to enhance their product features and

quality.

Product Insights

Key products analyzed in the hearing aids market include Canal Hearing Aids: Completely-In-Canal (CIC),

Invisible-In-Canal (IIC), and In-The-Canal (ITC) and In-The-Ear Aids (ITE),...