Global Hearing Aids Market Share, Growth, Trends & Forecast Report 2019-2027

HEARING AIDS MARKET FORECAST 2019-2027

• The global hearing aid market is expected to rise with a CAGR of 5.42% over the forecast period of 2019-2027. • The market is prospering on account of factors like global increase in the elderly population, increased use of binaural fittings and technological advancements in hearing aids.

• The global hearing aid market segmentation is done on the basis of patient types, hearing loss types and products.

• The patients in this market are generally adults and paediatrics.

The hearing loss can be a sensorineural hearing loss or a conductive hearing loss.

• The product segment of the market is sub-divided into hearing aid devices and hearing implants.

• Opportunities like the incorporation of lithium-ion batteries in hearing aids and high prevalence of hearing loss in emerging countries are propelling this market’s growth.

• However, the market is facing challenges in terms of competition from cochlear implants and reimbursement issues.

“The Global hearing aids market is anticipated to grow at a CAGR of 5.42% between 2019 and 2027.”

The leading companies in this market are Amplifon Hearing Health Care, Arphi Electronics Pvt. Ltd, Audina Hearing Instruments,

Cochlear Ltd, Gn Store Nord, Horentek, Med-El, Microson, Rion Co., Ltd., Sebotek Hearing Systems, Siemens Ag, Sonova Holding Ag, Starkey Hearing Technologies, William Demant Holding A/S and Zounds Hearing Inc.