Hearing Aid Market PDF: Growth Analysis, Share, Size, Trends and Forecast Till 2024

1. Global Hearing Aid Market Research Report and Forecast 2024 Report Edition: 2019 Copyright © IMARC Service Pvt Ltd. All Rights Reserved © 2019 IMARC All Rights Reserved

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3. Report Description and Highlights Report Description Global Hearing Aid Market Overview: As per the latest report by IMARC Group, titled “Hearing Aid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global hearing aid market size reached US$ 7.4 Billion in 2018. Hearing aids are small, battery-operated electronic devices that are worn in or behind the ear for improving hearing impairment. They help in amplifying the sound, which enables the user to listen, communicate and participate in everyday activities. It has three basic components, namely, a speaker, amplifier and a microphone. The hearing aid receives sound from the microphone, which is converted into electrical signals and sent to the amplifier. The amplifier then enhances the power of the signals and directs them to the ear through the speaker. Global Hearing Aid Market Trends The growing geriatric population represents one of the major factors impelling the hearing aid market growth. This can be attributed to the association of old age with gradual hearing loss. Apart from this, the significant increase in the prevalence of hearing disabilities among the masses has boosted the sales of hearing aids across the globe. Furthermore, some of the leading players in the industry are introducing hearing aid devices that operate on lithium-ion batteries, which offer enhanced power when compared to conventional batteries.

4. Report Description and Highlights Report Description 186.5 181.2 120.2125.5130.8136.1141.4146.7152.0157.3 175.9 170.6 160 180 165.3 160.0 160 140 140 120 In Billion US$ in Billion US$ 120 100 100 80 80 60 60 40 40 20 20 0 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 It can also be connected to the myPhonak app, which provides information about the battery status and wearing time statistics of the earpiece, as well as offers the ability to control the volume and frequencies. On account of these factors, the market value is projected to reach US$ 10.5 Billion by 2024, expanding at a CAGR of around 6% during 2019-2024. Request for a free sample report: https://www.imarcgroup.com/hearing-aid-market/requestsample

5. Report Description and Highlights Report Description They are also investing in research and development (R&D) activities to introduce new product variants. For instance, Sonova AG, a Switzerland-based provider of hearing solutions, has recently launched Audéo Marvel under its Phonak brand, which is a receiver-in-canal hearing aid that can be paired with Bluetooth-enabled devices for direct audio streaming and making hands-free phone calls. For more information, click here: https://www.imarcgroup.com/hearing-aid-market Hearing Aid Market Segmentation Market Segmentation by Product Type • Hearing Devices o Behind-the-Ear (BTE) o Receiver-in-the Ear (RITE) o In-the-Ear (ITE) o Canal Hearing Aids (CHA) o Others Hearing Implants o Cochlear Implants •

6. Report Description and Highlights Report Description o BAHA Implants Based on the product type, hearing devices represent the most widely utilized product type, followed by hearing implants. Hearing devices are further segmented into behind-the-ear (BTE), receiver-in-the- ear (RITE), in-the-ear (ITE), canal hearing aids (CHA) and others. Amongst these, BTE hearing aids exhibit a clear dominance in the market. On the other hand, hearing implants include cochlear and bone-anchored hearing aid (BAHA) implants. Market Segmentation by Technology Type • • Analog Digital The market has been analyzed on the basis of the technology type into analog and digital. Market Segmentation by Patient Type • Adults

7. Report Description and Highlights Report Description • Pediatrics Based on the patient type, adults account for the majority of the total market share, followed by pediatrics. Marker Segmentation by Hearing Loss • • Sensorineural Hearing Loss Conductive Hearing Loss On the basis of the hearing loss, the market has been bifurcated into sensorineural and conductive hearing loss. Market Segmentation by End-Users • • • • Hospitals ENT Clinics and Audiology Centres Individual Others

8. Report Description and Highlights Report Description On the basis of the end user, the market has been classified into hospitals, ENT clinics and audiology centers, individuals, and others. Market Segmentation by Region • • • • • Europe North America Asia Pacific Middle East and Africa Latin America Region-wise, Europe represents the largest market. Other major markets include North America, Asia Pacific, Latin America, and Middle East and Africa. Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

9. Report Description and Highlights Report Description • • • • • • • • • • • • • • • • Sonova Holding AG Starkey MED-EL William Demant Holding A/S Widex A/S Sivantos Group GN Store Nord A/S Cochlear Ltd SeboTek Hearing Systems LLC ReSound Group AGX Hearing Audina Hearing Instruments Lisound Banglijian Glaxosmithkline Benson Hearing

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12. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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