The latest market report published by Credence Research,
Inc. “Hearing Aids
Market, By Device Type (In-The-Ear (ITE) Hearing Aids,
Receiver-In-The-Ear (RITE) Hearing Aids, Behind-The-Ear (BTE) Hearing Aids,
Canal Hearing Aids (ITC, CIC and IIC ), Cochlear Implants & Bone Anchored
Hearing Aids) - Growth, Future Prospects and Competitive Analysis, 2016 -
2023,” the hearing aids market was valued at USD 5,083.3 Mn in 2015,
and is expected to reach USD 8,325.6Mn by 2023, expanding at a CAGR of 6.4%
from 2016 to 2023.
Market Insights
Significant prevalence of hearing loss in geriatric population
and growing incidence of sensorineural hearing loss in children along with
favorable insurance scenario has facilitated growth in hearing aids market.
Prevalence of hearing loss is above 10% in several developed countries in
Europe, with a major patient pool belonging to the senescent population. Due to
technological advancements, the adoption of hearing aids and replacement of
older analog hearing aids is occurring rapidly. With the ever-growing
population of geriatric individuals, it is anticipated that the hearing aids
market will further flourish through the forecast period. For the first time in
the history of this market, the private sector sales are also witnessing
impressive growth.
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the full report Hearing Aids Market - Growth, Future Prospects and
Competitive Analysis, 2016 – 2023at http://www.credenceresearch.com/report/hearing-aids-market
Among the various product types, in-the-ear (ITE) hearing aids
capture the largest market share in 2015. Ease of use, technological
advancement in terms of connectivity and competitive prices of these products
facilitate the dominance of this segment. This segment also enjoys early bird
advantage as against the other novel hearing aids. Liberty of availing custom
fit devices along with cosmetic appeal further facilitate to high demand for
ITE hearing aids over behind-the-ear devices. Canal hearing aids are gaining
rapid growth in the hearing aids market as a result of intensive development in
the product design, aesthetic appeal, enhanced amplification and patient
preference.
Geographically, Europe counted for the largest market share
globally, due to high prevalence of hearing loss in the region along with a
large pool of senescent population. High public awareness and intensive
government support through public dispensing of hearing aids are other chief
contributors to the dominance of the region. The foothold of hearing aids
manufacturers is observed to be stronger in Western Europe, where the market is
rapidly picking pace in Eastern Europe.
In terms of competitive assessment, this market is oligopolistic
in nature and is characterized by presence of a multitude of players.
Manufacturers of hearing implants however have marked their niche in the
hearing aids market while undergoing strong growth. Some of the major players
identified in the global hearing aids market include GN ReSound Group, Seimens
Healthcare, William Demant Holdings, Widex A/S, Starkey Hearing Technologies,
Sonova Holding AG and others.
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ToC:
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions
Chapter 2 Executive Summary
2.1 Global Hearing Aids Market Portraiture
2.1 Global Hearing Aids Market Portraiture
Chapter 3 Hearing Aids Market Analysis
3.1 Global Hearing Aids Market Overview
3.1.1 Market Dynamics
3.1.2 Drivers
3.1.2.1 Driver 1
3.1.2.2 Driver 2
3.1.3 Challenges
3.1.3.1 Challenge 1
3.1.3.1 Challenge 2
3.1.4 Opportunities
3.1.4.1 Opportunity 1
3.2 Attractive Investment Proposition
3.3 Competitive Landscape of Key Vendors in Hearing Aids Market
3.1 Global Hearing Aids Market Overview
3.1.1 Market Dynamics
3.1.2 Drivers
3.1.2.1 Driver 1
3.1.2.2 Driver 2
3.1.3 Challenges
3.1.3.1 Challenge 1
3.1.3.1 Challenge 2
3.1.4 Opportunities
3.1.4.1 Opportunity 1
3.2 Attractive Investment Proposition
3.3 Competitive Landscape of Key Vendors in Hearing Aids Market
Chapter 4 Global Hearing Aids Market, by Devices, 2013-2023
4.1 Introduction
4.2 Conventional Hearing Aids
4.2.1 In-The-Ear (ITE) Hearing Aids
4.2.2 Receiver-In-The-Ear (RITE) Hearing Aids
4.2.3 Behind-The-Ear (BTE) Hearing Aids…
4.1 Introduction
4.2 Conventional Hearing Aids
4.2.1 In-The-Ear (ITE) Hearing Aids
4.2.2 Receiver-In-The-Ear (RITE) Hearing Aids
4.2.3 Behind-The-Ear (BTE) Hearing Aids…
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