Hearing Aids Market
A hearing aid can be defined as sound-amplifying devices designed to aid people who have a hearing impairment. Hearing aids treat hearing loss by helping person hear the sounds that are missing out on by fitted an audiologist at active audiology, person will get a device that is measured in ear and set up according to a prescription to match their hearing needs.
A hearing aid can be defined as sound-amplifying devices designed to aid people who have a hearing impairment. Hearing aids treat hearing loss by helping person hear the sounds that are missing out on by fitted an audiologist at active audiology, person will get a device that is measured in ear and set up according to a prescription to match their hearing needs.
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<strong>Hearing</strong> <strong>Aids</strong> <strong>Market</strong><br />
Share, Global Trends,<br />
Analysis, Research, Report,<br />
Opportunities,<br />
Segmentation and Forecast,<br />
2016<br />
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Report Description<br />
A hearing aid can be defined as sound-amplifying devices designed to aid people who<br />
have a hearing impairment. <strong>Hearing</strong> aids treat hearing loss by helping person hear the<br />
sounds that are missing out on by fitted an audiologist at active audiology, person will get<br />
a device that is measured in ear and set up according to a prescription to match their<br />
hearing needs.<br />
<strong>Hearing</strong> aids are much more than just an amplifier. They have a computer chip with<br />
artificial intelligence. This chip gives person the details of sounds whilst reducing<br />
background noise to give them the best sound experience possible.<br />
<strong>Hearing</strong> loss can be caused by many different causes, some of which can be successfully<br />
treated with medicine or surgery, depending on the disease process. There are three<br />
types of <strong>Hearing</strong> loss: Conductive hearing loss, Sensorineural hearing loss, mixed hearing<br />
loss.<br />
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According to the WHO's estimates, there will be approximately 1.2 billion people in the<br />
world over the age of 60 by 2026. This marks a shift in population demographics, from a<br />
demographic majority of young people globally to a more balanced proportion of young<br />
and old. <strong>Hearing</strong> loss is one of the six leading global disease burden. According to the<br />
Royal National Institute for Deaf People, the prevalence of hearing loss increases with<br />
age, affecting 42% of people over 50 and more than 70% of people over 70.
Report Description<br />
Rising life expectancy is therefore likely to result in an increasing numbers of people living<br />
with hearing loss.<br />
<strong>Hearing</strong> <strong>Aids</strong> <strong>Market</strong>: Drivers and Restraints<br />
The factors driving the market is the high incidence of hearing loss with increasing ageing<br />
population, and increase in the customization of hearing aids devices. Most of the<br />
leading hearing aids device manufacturers have been customizing their product lines to<br />
appeal more to consumers and as a result help them to stay ahead of the competition. A<br />
large number of people are experiencing hearing loss and are unaware of the necessity<br />
of hearing aids. Increased public awareness of hearing loss increases the demand for<br />
hearing aids. Wireless hearing devices and attachments allow users access to<br />
communication, information, and entertainment such as Bluetooth and FM. To calculate<br />
the hearing aids market size, this research uses revenue generated from different types<br />
of hearing aids, including behind-the-ear, in-the-ear, and receiver-in-ear.<br />
Further, the major challenges faced by the market is the high cost of <strong>Hearing</strong> aids<br />
devices. Various end-users do not have the budget to capitalize on expensive <strong>Hearing</strong><br />
aids device procedures.<br />
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<strong>Hearing</strong> <strong>Aids</strong> <strong>Market</strong>: Segmentation<br />
<strong>Hearing</strong> aids market is segmented on the basis of following product types:
Report Description<br />
• In the ear hearing aids (ITE)<br />
• In the canal (ITC)<br />
• Completely in the canal (CIC)<br />
• Behind the ear (BTE)<br />
• Receiver in canal (RIC)<br />
<strong>Hearing</strong> <strong>Aids</strong> <strong>Market</strong>: Overview<br />
With rapid technological advancement, increase in the incidence of hearing loss with<br />
increasing ageing population, and increasing awareness of hearing loss among global<br />
population, the global hearing aids market is expected to have a healthy growth rate in<br />
the forecast period (2016-2026).<br />
<strong>Hearing</strong> <strong>Aids</strong> <strong>Market</strong>: Region- Wise Outlook<br />
Depending on geographic regions, global hearing aids market is segmented into seven<br />
key regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific,<br />
Japan, Middle East and Africa<br />
Europe holds the highest share in the global hearing aids market both in terms of<br />
revenue and volume. The introduction of latest products mostly takes place in the<br />
European market since majority of the key market players are located in this region.
Report Description<br />
Continuous developments in healthcare infrastructure, greater incidence of deafness,<br />
and healthcare reforms are the key factors driving the Asia Pacific hearing aids market.<br />
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<strong>Hearing</strong> <strong>Aids</strong> <strong>Market</strong>: Key Players<br />
Some of the key participating player in global hearing aids market are Cochlear Limited<br />
(Australia), GN Store Nord A/S (Denmark), MED-EL (Austria), SeboTek <strong>Hearing</strong> Systems,<br />
LLC (U.S.), Sivantos Pte. Ltd. (Singapore), Sonova (Switzerland), Starkey <strong>Hearing</strong><br />
Technologies, Inc. (U.S.), Widex (Denmark), William Demant Holding A/S (Denmark), and<br />
Zounds <strong>Hearing</strong>, Inc. (U.S.), Phonak International, Beltone, Oticon Inc., Resound Inc., and<br />
etc.
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