Lewes, DE -- (SBWIRE) -- 03/31/2017 -- Report forecast the global ear-based hearing aids market to grow at a CAGR of 5.61% during the period 2017-2021.

The technological advancements have led to the introduction of innovative in-the-ear products in the market. The battery operated conventional devices have been replaced by advanced, wireless hearing aid devices. The rise in the prevalent cases of hearing loss and transition in the demographics has contributed to the increased use of hearing aids. However, the market faces challenges with the poor reimbursement policies and patient discomfort with the hearing aids.

The report covers the present scenario and the growth prospects of the global ear-based hearing aids market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of ear-based hearing aids used to assist in hearing and other related problems.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, one of the major drivers for this market is rising incidence rate of hearing loss. As per the US census bureau, the world population is aging rapidly. Out of the 7.3 billion world population in the year 2015, 8.5% fall under the aging population pool (65 years and above). Hearing impairment and related problems have been conferred as the second largest health problem, where the prevalent pool is increasing over the years.

Further, the report states that one of the major factors hindering the growth of this market is battery challenges hindering adoption. With the electronic hearing aid devices, the battery has been one of the major points of concerns in most of the brands. The Medicines and Healthcare Products Regulatory Agency (MHRA) has issued a warning stating that those who have bought ZeniPower mercury-free hearing aid batteries need to check the best before the date on the packs.

Global Ear-Based Hearing Aids Market 2017-2021, 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.

key players in the global ear-based hearing aids market: Sivantos, Starkey, WIDEX, and William Demant.

Other Prominent Vendors in the market are: eartone, Elkon, GN ReSound, Knowles Electronics, Medtechnica Orthophone, MicroTech, Miracle Hearing Aid Clinic, Persona Medical, SPECTRUM BRANDS, Shenzhen Sunsky Technology, and VARTA Microbattery.

Market driver
- Rising incidence rate of hearing loss
- For a full, detailed list, view our report

Market challenge
- Battery challenges hindering adoption
- For a full, detailed list, view our report

Market trend
- IT application-enabled devices are the next big trend
- 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?

Spanning over 70 pages and 59 Exhibits "Global Ear-Based Hearing Aids Market 2017 - 2021" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Five forces analysis, Market segmentation by product, Market segmentation by end-user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-ear-based-hearing-aids-market-2017-2021

Related Reports;

Global Liquid Biopsy Market 2017-2021 - Visit at - http://www.marketresearchreports.com/technavio/global-liquid-biopsy-market-2017-2021

Global Thyroid Gland Disorder Treatment Market 2017-2021 - Visit at - http://www.marketresearchreports.com/technavio/global-thyroid-gland-disorder-treatment-market-2017-2021

About Market Research Reports, Inc.
Market Research Reports, Inc. is the world's leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.

Yearly/Quarterly Report Subscription: http://www.marketresearchreports.com/subscriptions