Hearing Amplifiers Market – Global Industry Analysis Report, Share, Size, Growth, Price Trends, and Forecast, 2016 – 2023: Fractovia.org
Global Hearing Amplifiers Market size was evaluated at $58.11 million for 2015 and is predicted to register CAGR of about 4.81% during forecast timeframe. Significant rise in aging population along with increasing occurrence of hearing problems have led to launch of aesthetically appealing equipments like hearing amplifiers and this has boosted industry growth during forecast timeframe. Further, technological breakthroughs like launch of small sized hearing aids requiring less power and offering clear voice is predicted to promote hearing amplifiers market trends. In addition to this, growing demand for cosmetically appealing and hardly visible hearing aids suitable for modern lifestyle along with high purchasing capacity of population is predicted to propel industry demand.
Product Trends The industry is segmented into various products like In-the-ear hearing aid amplifier and on-the-ear hearing aid amplifier. In-the-ear hearing amplifier segment is predicted to record CAGR of more than 5.21% during forecast timeline. Current technological innovations like creation of non- removable or permanent hearing aids that function on induction charge than battery charge to revive damaged components using stem cells are predicted to drive the segment growth. On-the-ear hearing aid amplifier segment led global hearing amplifiers market share for 2015 by contributing about 70.1% to total revenue during that year. Growth of the segment can be credited to factors like favorable regulations and growing device popularity among patients. Regional Trends Global industry is segmented into key geographical regions like North America, Europe, MEA, APAC and Latin America. Europe hearing amplifiers market size is biggest and was evaluated at $24.41 million for 2015. Germany and UK combined made significant contribution to total revenue of Europe. High occurrence of hearing problems and favorable regulations are the factors predicted to drive the regional industry growth.
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