How Hearing Aids Market Booming Worldwide? Fortune Business Insights
The world’s first Healthable™ Hearing Aids namely Livio AI was reinvented by Starkey Hearing Technologies in August 2018. This updated hearing aid will run on AI and integrated sensors and is the first device to trace cognitive health and physical activity as measured by hearing aid for utilizing in social situations. Such innovations are likely to bode well for the global hearing aids market predicts Fortune Business Insights in their recent report titled, “Hearing Aids Market Industry“ & Industry Analysis, By Product (Hearing Devices, Hearing Implants), By Patient Type (Adult, Pediatric), By Distribution Channel (OTC (Over the Counter), Medical Channel/ Hospital Pharmacies, Private Practice/ Retail Pharmacies) and Regional Forecast, 2019-2026.”
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What does the Report Include?
The market report includes quantitative and qualitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers the different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves leading companies and adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years.
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
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Reasons to Purchase this Report:
- Comprehensive analysis of the Hearing Aids Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
The report covers:
- Global Hearing Aids Market trends, with detailed analysis on consumer trends & manufacturer trends.
- Overview on supply analysis covering trends across raw material suppliers, technology providers and distributors.
- Key areas of investments identifying market opportunities and challenges in forecast timeframe.
- Competitive analysis of the industry players along with the overview on strategic management.
- Comprehensive company profiles of the major industry players.
Leading Players operating in the Hearing Aids Market are:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Sivantos Pte. Ltd.
- Cochlear Ltd.
- Sonova
- Starkey
- MED-EL
- GN Store Nord A/S
- Widex A/S
- Others
The Latest Report on Hearing Aids Market provides detailed information regarding various insights into the market. Some of them are growth drivers, restraints, competitive landscape, regional analysis, and challenges. It further offers an analytical depiction of the Hearing Aids Market trends and estimations to illustrate the forthcoming investment pockets. The market is quantitatively analyzed during the forecast period, between 2019 and 2025 to provide the financial competency of the market. The information gathered in the report has been taken from several primary and secondary sources.
Rising Geriatric Population and Rise in Hearing Problems to Help North America Dominate Market
In 2018, North America earned a revenue of USD 3.19 billion. Thus, the report states North America to emerge as one of the dominant regions in the global hearing aids market. A study conducted in 2018 by the Population Reference Bureau, the number of people aged 65 and above is expected to rise from 52 million in 2018 to 95 million by the end of 2060. This is accounted for an estimate of 23.0% of the population of North America at that time. The rise in the geriatric population, coupled with increase in per capita expenditure on health, and rise in awareness about hearing aids will help this region generate attractive revenue in the coming years.
Detailed Table of Content:
- Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
- Executive Summary
- Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
- Key Insights
4.1. Epidemics of Hearing Loss for Key Countries
4.2. Recent Industry Developments- Partnerships, Mergers, And Acquisitions
4.3. Technological advancements in Hearing Aids Market
4.4. New Product Launches by Key Players
- Global Hearing Aids Market Analysis, Insights and Forecast, 2015-2026
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Product
5.2.1. Hearing Aids
5.2.1.1. BTE (Behind the Ear)
5.2.1.2. ITE (In the Ear)
5.2.1.3. RIC (Receiver in the Canal)
5.2.1.4. CIC (Completely in the Canal)
5.2.1.5. Others (Invisible in the Cancel, etc.)
5.2.2. Hearing Implants
5.2.2.1. Cochlear Implants
5.2.2.2. Bone Anchored Implants
5.3. Market Analysis, Insights and Forecast – By Patient Type
5.3.1. Adult
5.3.2. Pediatrics
5.4. Market Analysis, Insights and Forecast – By Distribution Channel
5.4.1. OTC (Over the Counter)
5.4.2. Medical Channel/ Hospital Pharmacies
5.4.3. Private Practice/ Retail Pharmacies
5.5. Market Analysis, Insights and Forecast – By Region
5.5.1. North America
5.5.2. Europe
5.5.3. Asia pacific
5.5.4. Rest of the World
Continue…
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Report Focus:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Hearing Aids Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Secondary Data Sources That We Refer To:
- Annual reports, investor presentation, SEC filings, and press releases of companies operating in the market
- Studies published by relevant associations MedTech Europe; American College of Radiology; Cancer Council Australia; Japan Hospital Association, etc.), government sources (Centers for Disease Control & Prevention, Ministry of Health, Labour & Welfare, Japan; National Health Service, England, etc.), international organizations (World Health Organization, The Organization for Economic Co-operation and Development, Eurostat, etc.), and articles published by Research Gate, NCBI, etc.
- Website, reports, and press releases of end user facilities – Hospitals, Ambulatory Surgery Centres, Clinics
- Industry journals and paid databases
Secondary Research Is Conducted To Derive The Following Information:
- Details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies
- Details in relation to prevalence, incidence, patient numbers, distribution of patients, average price of treatment, etc.
- Number of end user facilities by region/country and average annual spending or procurement of devices by type of end user facility
- Number of procedures and average price of procedures
- Replacement rate and pricing of capital equipment
- Market dynamics in relation to the market under focus – Drivers, restraints, trends, and opportunities
- Market & technological trends, new product developments, product pipeline.
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