Albany, NY -- (SBWire) -- 08/17/2017 --Technological advancements have led to the introduction of certain innovative products in the market. Battery-operated conventional devices have been replaced with advanced wireless hearing aid devices. The rise in prevalent cases of hearing loss and the transition in demographics have contributed to the increased use of hearing aids.
The global hearing aids market to grow at a CAGR of 5.50% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global hearing aids market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales hearing aids that are used to provide assistance with hearing and other related problems.
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The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
Technavio's report, Global Hearing Aids Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
- William Demant
- Sonova
- Cochlear
- MED-EL
Other prominent vendors
- Beltone
- Eartone
- GN ReSound
- Medtechnica Orthophone
- Miracle Hearing Aid Clinic
- Persona
- Shenzhen Sunsky Technology
- Siemens Healthcare
- Starkey Hearing Aids
- Union Hearing Aid Centre
Market driver
- Rising incidence rate of hearing loss
- For a full, detailed list, view our report
Market challenge
- Battery challenges and decibel adjustments hindering adoption
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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Global Hearing Aids Market to Grow at a CAGR of 5.50% During 2016-2020 - William Demant, Sonova, Cochlear, MED-EL