Hearing Aids Market Growth to 2020 Driven By High Incidences of Hearing Loss

The hearing aids market is expected to reach USD 8,373.9 million by 2020 from USD 6,183.3 million in 2015, at a CAGR of 6.3%. The global hearing aids market is segmented based on products, type of hearing loss, end-users and regions.

Complete report on hearing aids market spread across 168 pages, profiling 10 companies and supported with 140 tables and 34 figures is now available at:

The hearing implants segment is expected to register the highest growth rate in the hearing aids market, byproducts, during the forecast period. The high growth in this segment is attributed to the increasing number of regulatory approvals and new product launches. The major factors contributing to the growth of the hearing aids market include increasing aging population and high incidences of hearing loss. Furthermore, increasing new product development activities by companies is another major factor driving the growth of this market.

For instance, in April 2015, Bernafon launched Supremia, a Super Power BTE hearing aid for adults and children with severe and profound hearing loss. High growth potential in emerging markets has opened an array of opportunities for the hearing aids market. However, factors such as low penetration rate of hearing aids are hampering the growth of the market to a certain extent.

Apart from comprehensive geographic and product analysis and market sizing, the report also provides a competitive landscape that covers the growth strategies adopted by industry players over the last three years. In addition, the company profiles comprise the product portfolios, developments, and strategies adopted by the market players to maintain and increase their shares in the market. The above-mentioned market research data, current market size, and forecast of the future trends will help key market players and new entrants to make the necessary decisions regarding product offerings, geographic focus, change in strategic approach and levels of output in order to remain successful in the market.

Geographically, the hearing aid market is dominated by Europe, followed by North America, Asia, and the Rest of the World (RoW). Growth in the European segment is primarily driven by high prevalence of hearing loss, increasing aging population, and technological advancements in the European countries. This report is helpful to provide insights for different sectors in the global hearing aids market such as Hearing Aids Device Manufacturers, Healthcare Institutions (Hospitals and Clinics), Hearing aids Service Providers, Research Institutions, Research and Consulting Firms, Audiology centers etc.

The major players in the hearing aids market are Cochlear Limited (Australia), GN Store Nord A/S (Denmark), MED-EL (Austria), SeboTek Hearing Systems, LLC (U.S.), Sivantos Pte. Ltd. (Singapore), Sonova (Switzerland), Starkey Hearing Technologies, Inc. (U.S.), Widex (Denmark), William Demant Holding A/S (Denmark), and Zounds Hearing, Inc. (U.S.). Order a copy of  Hearing Aids Market by Product (Receiver-In-The-Ear, Behind-The-Ear, In-The-Ear, Canal Hearing Aids, Cochlear Implants, Bone Anchored Systems), Hearing Loss (Sensorineural, Conductive), End-User (Adults, Pediatrics) – Global Forecasts to 2020 research report at:

This report will enable both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help these firms, garner greater market shares. Firms purchasing the report can use any one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.

On a related note, Home Healthcare Market is expected to reach USD 349.8 Billion by 2020 from USD 227.5 Billion in 2015, growing at a CAGR of 9.0% from 2015 to 2020. Major factors driving the growth of this market include rising aging population, increasing incidences of chronic diseases, technological advancements and government initiatives to promote home healthcare. Philips Healthcare (Netherlands), Kindred Healthcare (U.S.), Linde Group (Germany), Almost Family Inc. (U.S.), Abbott Laboratories (U.S.), LHC Group (U.S.), Johnson & Johnson (U.S.), A&D Company (Japan), Amedisys Inc. and others are the top companies profiled in this research report available at:

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