Global Hearing Aids Market (2020 to 2028) - Featuring Amplifon, Cochlear Ltd, Horentek & Microson Among Others - ResearchAndMarkets.com

The "Global Hearing Aids Market 2020-2028" report has been added to ResearchAndMarkets.com's offering.

The publisher has predicted the global market for hearing aids to accelerate at a CAGR of 6.89% during the forecast period 2020-2028. The rising demand for hearing aids in emerging economies is driving the growth of this market. The geriatric population forms a huge consumer base for these products, as one's hearing ability tends to decline with age. Besides, technological advancements in this field are aiding the market growth.

Also, lithium-ion batteries are increasingly being incorporated in hearing aid devices, which is expected to open up substantial growth opportunities for the market during the forecast period. Moreover, the growing incidence of hearing loss indicates that the large need for the development of these devices. The market growth is, however, being hindered due to the low awareness & adoption of hearing aids and the high costs associated with these devices. Besides, the lack of reimbursement provided for these devices affects the buyers' decision, which is creating challenges for market growth.

The global hearing aids market covers the regions of North America, Latin America, Europe, the Asia-Pacific, and the Middle East and Africa.

The Europe market is estimated to grow at the fastest rate over the forecast period, accounting for the largest share of the overall market by 2028. The healthcare industry is the primary end-user of this market. The market for hearing aids in Europe is expected to showcase a positive growth trend owing to the supportive programs by the government raise awareness about hearing loss and minimize the intensity of this condition. The government in this region also provides reimbursement facilities to those buying these devices. Further, advancements in technology will also provide a major boost to the European market for hearing aids over the projected period.

Companies Mentioned

• Amplifon
• Arphi Electronics PVT Ltd
• Audina Hearing Instruments Inc
• Cochlear Ltd
• GN Store Nord A/S
• Horentek
• Med-El
• Microson
• Rion Co Ltd
• Sebotek Hearing Systems Llc
• Siemens Ag
• Sonova
• Starkey
• Demant A/S
• Zounds Heari
  

Key Topics Covered:

1. Global Hearing Aids Market - Summary

2. Industry Outlook

2.1. Porter's Five Forces Model

2.2. Supply Chain Analysis

2.3. Key Insight

2.4. Key Buying Criteria

2.5. Regulatory Framework

2.6. Market Attractiveness Index

2.7. Market Drivers

2.7.1. Potential For Hearing Aids in Emerging Economies

2.7.2. Advancement in Technology

2.7.3. Increasing Geriatric Population

2.8. Market Restraints

2.8.1. Low Penetration and Adoption of Hearing Aids

2.8.2. High Cost of Devices Associated With Hearing Aids

2.9. Market Opportunities

2.9.1. Adoption of Lithium-Ion Batteries

2.9.2. Growing Occurrence of Hearing Loss

2.10. Market Challenges

2.10.1. Lack of Reimbursement

2.10.2. Lack of Awareness

3. Hearing Aids Market Outlook - by Types of Hearing Loss

3.1. Sensorineural Hearing Loss

3.2. Conductive Hearing Loss

4. Hearing Aids Market Outlook - by Types of Patient

4.1. Adults

4.2. Pediatrics

5. Hearing Aids Market Outlook - by Product

5.1. Hearing Aid Devices

5.1.1. Receiver-In-The-Ear

5.1.2. Behind-The-Ear

5.1.3. Canal

5.1.3.1. Cic Hearing Aid Devices

5.1.3.2. Itc Hearing Aid Devices

5.1.3.3. Iic Hearing Aid Devices

5.1.4. In-The-Ear

5.1.5. Other Hearing Devices

5.2. Hearing Implants

5.2.1. Cochlear Implants

5.2.2. Bone-Anchored Systems

6. Hearing Aids Market - Regional Outlook

6.1. North America

6.2. Europe

6.3. Asia-Pacific

6.4. Latin America

6.5. Middle East and Africa

7. Company Profiles

8. Research Methodology & Scope

For more information about this report visit https://www.researchandmarkets.com/r/mk482d

View source version on businesswire.com: https://www.businesswire.com/news/home/20200409005392/en/