Boston, MA -- (SBWIRE) -- 01/05/2017 -- 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.

Technavio's analysts forecast the global hearing aids market to grow at a CAGR of 5.50% during the period 2016-2020.

Covered in this report

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.

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.

Get More Details on this Report and a Full Table of Contents at Global Hearing Aids Market 2016-2020

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

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 2020 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?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: William Demant, Sonova, Cochlear, MED-EL, Beltone, Eartone, GN ReSound, Medtechnica Orthophone, Miracle Hearing Aid Clinic, Persona, Shenzhen Sunsky Technology, Siemens Healthcare, Starkey Hearing Aids, Union Hearing Aid Centre

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