Portland, OR -- (SBWire) -- 08/29/2017 --Hearing device or hearing aid is a small sound enhancing device, especially designed for patients with some sort of hearing deficiency or impairment. This device assists the patients with improving sound quality to their level of hearing ability, as it is incorporated with microphone that receives the sound and converts it into a digital form, and this sound is processed by a microprocessor and amplified further. The amplified sound is delivered through a miniature speaker into the ear canal.
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The growth of the global hearing healthcare devices market is driven by increase in incidence of hearing loss and growth in geriatric population. Technological advancement in hearing devices and improvement in healthcare infrastructure in developing regions are expected to supplement the growth of the market. However, low penetration rate of hearing devices hinders growth of this market.
Comprehensive competitive analysis and profiles of major market players such as William Demant Holding A/S, Sonova AG, GN Store Nord A/S, Sivantos Group, Widex A/S, Starkey Hearinf Technologies Inc., Cochlear Ltd, MED-EL GmbH, and Natus Medical Inc. are provided in this report.
Hearing Healthcare Devices Market Key Segments:
By Product
- Hearing Devices
o Receiver-in-the-ear (RITE) Hearing AIDS
o Behind-the-ear (BTE) Hearing AIDS
o Canal Hearing AIDS
o In-the-ear (ITE) Hearing AIDS
o Other Hearing AIDS
- Hearing Implants
o Cochlear Implants
o Bone-anchored Systems
- Diagnostic Instruments
By End User
- Hospital & Clinics
- Household use
- Others
By Geography
- North America
o U.S.
o Canada
o Mexico
- Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
- Asia-Pacific
o Japan
o China
o Australia
o India
o South Korea
o Taiwan
o Rest of Asia-Pacific
- LAMEA
o Brazil
o Turkey
o Saudi Arabia
o South Africa
o Rest of LAMEA
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Hearing Healthcare Devices Market Is Set to Boom by 2023
Hearing Healthcare Devices Market Size is Set to Grow at a Remarkable Pace in the Coming Years.