SHERIDAN, WYOMING, UNITED STATES, November 15, 2021 /EINPresswire.com/ – According to the latest IMARC group report, entitled “Hearing Aid Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2021-2026 â, the global hearing aid market reached a value of US $ 8.7 billion in 2020. Looking ahead, IMARC Group expects to which the market is growing at a CAGR of around 6% during 2021-2026.
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of related industries. These observations will be incorporated into the report.
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A hearing aid is a small electronic device used to wear in or behind an ear. It improves hearing so that a hearing impaired person can listen, communicate and participate more fully in their regular work. A hearing aid consists of several essential components, such as a microphone, amplifier, and speaker. These components help amplify sound vibrations entering the ear, perceive larger vibrations, and convert them into neural signals. Hearing aids are widely available in various designs and are customized according to customer’s requirements.
Growing geriatric population across the world is increasing the risk of hearing loss which is mainly driving the hearing aid market. In addition, a significant increase in the number of cases, especially of infants, remains untreated leading to several psychological and speech disorders thus increasing the growth of the market. On a related note, the introduction of aesthetic products and the launch of innovative product variants, including waterproof hearing aids, are also driving product demand. In addition, rising noise pollution levels, increasing cases of birth complications and ear infections, and extensive research and development (R&D) by manufacturers are expected to strengthen the hearing aid market in the years to come. to come.
Competitive Analysis and Segmentation of the Hearing Aid Market 2021-2026:
Competitive landscape with key players:
The competitive landscape of the Hearing Aid market has been studied in the report along with detailed profiles of the major players operating in the market.
Some of these key players include:
Sonova Holding AG (SWX: SOON)
William Demant Holding A / S (CPH: DEMANT)
Widex A / S
GN Store Nord A / S (CPH: GN)
Cochlear Ltd (ASX: COH)
SeboTek Hearing Systems LLC
Audina hearing aids
Glaxosmithkline (LON: GSK)
Key market segmentation:
The report has segmented the hearing aid market on the basis of product type, hearing loss, patient type, technology type, end user, and region.
Breakdown by product type:
Rupture by hearing loss:
Sensorineural hearing loss
Transmission hearing loss
Breakdown by patient type:
Breakdown by type of technology:
Breakdown by end user:
ENT clinics and audiology centers
Breakdown by region:
Middle East and Africa
Explore the full report with table of contents and list of figures: https://www.imarcgroup.com/hearing-aid-market
Highlights of the report:
Market performance (2015-2020)
Market Outlook (2021-2026)
Market drivers and success factors
The impact of COVID-19 on the global market
Value chain analysis
Global market structure
Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as part of the customization.
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