Press Release

Hearing Aid Market Research Report 2021-26: Size, Size, Trends, Growth and Forecast – IMARC Group

According to the latest report by IMARC Group, titled “Hearing Aid Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2021-2026” the global hearing aid market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the global market to grow at a CAGR of around 6% during 2021-2026.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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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.

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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. 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. 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.

Hearing Aid Market 2021-2026 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the hearing aid market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Sonova Holding AG (SWX: SOON)
  • Starkey
  • MED-EL
  • William Demant Holding A/S (CPH: DEMANT)
  • Widex A/S
  • Sivantos Group
  • GN Store Nord A/S (CPH: GN)
  • Cochlear Ltd (ASX: COH)
  • SeboTek Hearing Systems LLC
  • ReSound Group
  • AGX Hearing
  • Audina Hearing Instruments
  • Lisound
  • Banglijian
  • Glaxosmithkline (LON: GSK)
  • Benson Hearing


Key Market Segmentation:

The report has segmented the hearing aid market on the basis of product type, hearing loss, patient type, technology type, end-user and region.

Breakup by Product Type:

  • Hearing Devices
  • Hearing Implants


Breakup by
Hearing Loss:

  • Sensorineural Hearing Loss
  • Conductive Hearing Loss


Breakup by
Patient Type:

  • Adults
  • Pediatrics


Breakup by
Technology Type:

  • Analog
  • Digital


Breakup by
End-User:

  • Hospitals
  • ENT Clinics and Audiology Centres
  • Individual
  • Others


Breakup by
Region:

  • Europe
  • North America
  • Asia Pacific
  • Middle East and Africa
  • Latin America


Explore Full Report with TOC & List of Figure:
https://www.imarcgroup.com/hearing-aid-market


Key highlights of the report:            

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Industry Trends
  • Market Drivers and Success Factors
  • The Impact of COVID-19 on the Global Market
  • Value Chain Analysis
  • Structure of the Global Market
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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About Us                              

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Tags: Hearing Aid Market Size, Hearing Aid Market Share, Hearing Aid Market Report, Hearing Aid Market

See Campaign: https://www.imarcgroup.com/hearing-aid-market
Contact Information:
IMARC Group 30 N Gould St, Ste R Sheridan, WY 82801, USA Email: [email protected] Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

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Contact Information:

IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Email: [email protected]
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

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