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Hearing aids are defined as electronic devices worn in the ear or behind the ear by hearing impaired patients for sound amplification. Superseding the analog devices, digital hearing aids through the novel connectivity and sound amplification technologies have monopolized the hearing aids market. This report classifies the hearing aids devices market into conventional hearing aids and hearing implants segments. In-the-ear (ITE) hearing aids, receiver-in-the-ear (RITE) hearing aids, behind-the-ear (BTE) hearing aids, and canal hearing aids (ITC, CIC and IIC) are the major classifications of conventional hearing aids.Furthermore, the hearing implants market is segmented into cochlear implants and bone anchored hearing aids/systems. Based on type of hearing loss, this market is presented for sensorineural hearing loss and conductive hearing loss hearing aids. This report presents the market size and forecast for each segment thus mentioned for the period 2013-2023 along with corresponding CAGRs for the period 2016-2023, considering 2015 as the base year.
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.
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.
Browse the full report Hearing Aids Market - Growth, Future Prospects and Competitive Analysis, 2016 – 2023 at https://www.credenceresearch.com/report/hearing-aids-market
Based on the type of product, the global hearing aids market is segmented as follows:
• Conventional Hearing Aids
o In-The-Ear (ITE) Hearing Aids
o Receiver-In-The-Ear (RITE) Hearing Aids
o Behind-The-Ear (BTE) Hearing Aids
o Canal Hearing Aids (ITC, CIC and IIC)
• Hearing Implants
o Cochlear Implants
o Bone Anchored Hearing Aids
For the purpose of this study, the global hearing aids market is categorized into:
• North America
• Europe
• Asia Pacific
• Latin America (LATAM)
• Middle East and Africa (MEA)
ToC:
Chapter 1 Preface
Chapter 2 Executive Summary
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
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
4.2.4 Canal Hearing Aids (ITC, CIC and IIC )
4.3 Hearing Implants
4.3.1 Cochlear Implants
4.3.2 Bone Anchored Hearing Aids
Chapter 5 Global Hearing Aids Market, by Type of Hearing Loss, 2013-2023 (USD Mn)
5.1 Introduction
5.2 Sensorineural Hearing Loss
5.3 Conductive Hearing Loss
………… so on
Browse the full report Hearing Aids Market - Growth, Future Prospects and Competitive Analysis, 2016 – 2023 at https://www.credenceresearch.com/report/hearing-aids-market
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