According to MarketsandMarkets latest research report “The hearing aids market is expected to reach USD 9.78 Billion by 2022 from USD 6.56 Billion in 2016, at a CAGR of 7.0% from 2017 to 2022.”

Browse 146 Market Data Tables and 41 Figures spread through 186 Pages and in-depth TOC on “The Report “Hearing Aids Market by Product (Receiver In The Ear, Behind The Ear, In The Ear, In The Canal Hearing Aids, Cochlear Implant, BAHA implant), Types of Hearing Loss (Sensorineural, Conductive Hearing loss) & Patient (Adult, Pediatric) — Forecast to 2022”

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Scope of the Report:- 

· Based on Products

· Based on Type of Hearing Loss

· Based on Patient Type

· Based on Region

The adult patients segment is projected to register the highest CAGR during the forecast period.

By patient type, the hearing aid market is segmented into adult patients and pediatric patients. The adult patients segment is estimated to register the highest growth rate during the forecast period. The high growth in this segment can primarily be attributed to the high prevalence of hearing loss in this section of the population.

Hearing aid devices segment to dominate the market in 2017

Based on product, the hearing aids market is segmented into hearing aid devices and hearing implants. In 2017, the hearing aid devices segment is expected to account for the largest share of the hearing aids market. Growth in this segment is majorly driven by the rising geriatric population, technological advancements in hearing devices, and the development and introduction of new and advanced products.

Geographical detailed analysis of Hearing Aids Market:-

In 2017, Europe is expected to dominate the market, followed by North America. The high growth of the hearing aids market is attributed to growing aging population and high prevalence of hearing loss in the region.

Key market players of Hearing Aids Market:- 

Sonova (Switzerland), William Demant (Denmark), and GN Store Nord (Denmark) with the presence of several small players as well. Some of the players operating in this market include Cochlear (Australia), Starkey (US), Widex (Denmark), MED-EL (Austria), SeboTek Hearing Systems (US), Audina Hearing Instruments (US), RION (Japan), Horentek (Italy), Microson (Spain), and Arphi Electronics (India).

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