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Hearing Aids Market Sales Enhanced with Support from E-commerce Popularity

Press release Description

Albany, New York, July 17, 2018: Against the backdrop of increasing hearing impairment worldwide, the demand for hearing aids and associated wearables is expected to increase at a significant pace in the coming years. According to the World Health Organization (WHO) analysis, around 465 million individuals are suffering from hearing loss, of which children account for about 7 percent. Moreover, WHO anticipates that, by end of 2050, more than 900 million people are expected to develop hearing impairment. This factor is expected to aid the growth of the hearing aids market. Several insights on hearing aids have been encapsulated in the research report titled “Global Market Study on Hearing Aids: Behind-The-Ear (BTE) Hearing Aids to Witness Highest Growth During 2017 – 2024” that has been included in the report repository of Market Research Report Search Engine (MRRSE).

Introduction of novel and innovative devices using digital technology have significantly expanded the scope of use of various hearing aids. Furthermore, the introduction of new hearing aids that combine hearing aid technology and cochlear implant in order to override the high frequency loss in hearing among patients is expected to pave potential growth pathways for stakeholders in the hearing aids market. That said, prominent players are largely investing in advanced technologies to introduce enhanced hearing aids in the forthcoming years.

In addition, the proliferation of e-commerce on back of growing digitization is expected to enhance the sales of hearing aids. With the widespread coverage of online sales channels, manufacturers can leverage their scope to tap customers in remote places, thereby increasing volume of products sold.

Hearing Aids Market: Report Summary

The research report on hearing aids market focuses on various key aspects driving the growth of the market at a global level. Several factors that influence the sales growth of hearing aids across various countries worldwide have been assessed for a period of seven years, starting from 2017 till 2024. Key dynamics such as drivers, restraints, opportunities and trends that positively and negatively impact the sales growth of hearing aids have been analyzed across key regions in the globe. Moreover, market attractiveness of each country and region alike along with key segments of the hearing aids market has been covered in separate sections in the research report.

Hearing Aids Market: Segmental insights

The research report on hearing aids market has been segmented in detail to include all angles of the market that exert a substantial impact on the overall hearing aids market. Moreover, along with historical analysis, the current as well as future market projections on these segments across important geographies have been included in the report. The hearing aids market has been segmented on the basis of product type (Behind-the-Ear hearing aids, Receiver-in-the-Ear hearing aids, In-the-Ear hearing aids, In-the-Canal hearing aids and Completely-in-the-canal hearing aids), end user type (audiology clinics, ENT clinics and online stores), technology type (conventional and digital) and region (North America, Latin America, Middle East and Africa, Europe and Asia Pacific).

The report on hearing aids market begins with market introduction that includes market definition and segmentation. Consecutive chapters talk about various market growth influencing aspects along with impact analysis. The report on hearing aids market also includes a year on year growth along with overall growth in terms of CAGR apropos of value. It also covers BPS and market share for each segment considered in the report.

Browse Full Global Hearing Aids Market: Report with TOC :

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