Pune, India -- (SBWIRE) -- 12/28/2018 -- This market research report on the hearing aids market offers analysis on market size and forecast, market share, industry trends, growth drivers, and vendor analysis. The market study also includes insights about segmentation by product type (hearing aid devices and hearing implants), end-user (hospitals, clinics/audiology centers, and individuals), and geography (APAC, Europe, Latin America, MEA, and North America).

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The major vendors in the global hearing aids market are:
- Cochlear
- William Demant
- Sivantos Group
- Sonova

Other prominent vendors include Microson, Starkey, Widex, Audina Hearing Instruments, NewSound Hearing Aids, and Nurotron Biotechnology.

Hearing Aids Market – Overview

The growing awareness in the population about under-diagnosed medical conditions that can cause hearing impairment is driving the growth of the global hearing aids market. The dynamic changes in lifestyles and the increasing demand for hearing aids will boost the sale of these products in the global market. Introduction of new and innovative products such as digital waterproof hearing aid and implementation of digital technology will propel the growth of the hearing aids market during the forecast period.

The introduction of a new product that combines cochlear implant and hearing aid technology to overcome the high-frequency hearing loss in patients will create new opportunities for players in the global hearing aids market. Prominent vendors are investing in advanced technology to launch better products and increase market share in the hearing aids market.

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The penetration of internet is helping the development of e-commerce websites that sell hearing aids to end-users. The global hearing aids market is witnessing a surge in demand for these products through online websites. The distribution through online channels will increase the revenue of vendors and reduce the waiting time for patients in hospitals and clinics. The global hearing aids market is expected to cross $9 billion by 2023, growing at a CAGR of around 8% during the forecast period.

The hearing aids market by product segment is further divided into hearing aid devices and hearing implants. The hearing aid devices segment dominated the global hearing aids market, accounting for close to 75% of the total market share in 2017. The growing demand for hearing aid devices from countries such as the US, China, and Japan will attribute to the growth of this market segment. With the advancement in technology, digital hearing aids are gaining traction in the global market. The introduction of miniature hearing aid devices and increasing adoption of these devices around the world will propel the growth of this market segment in the global hearing aids market during the forecast period.

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The key countries profiled in the report are:
1. US
2. Canada
3. UK
4. Germany
5. China
6. India
7. Japan
8. Brazil

Key market insights include:

1. The analysis of hearing aids market provides market size and growth rate for the forecast period 2018-2023.

2. It offers comprehensive insights on current industry trends, trend forecast, and growth drivers of hearing aids market.

3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.

4. It offers a complete overview of market segments and regional outlook of global hearing aids market.

5. The study also offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.

Other Related Reports on Hearing Aids Market:

Global Hearing Aid Market: Industry Analysis & Outlook (2017-2021): https://bit.ly/2AjvZ7o.

Global Hearing Aids Market by Devices (Behind-The-Ear, In-The-Ear, Receiver-In-The-Ear, Completely-In-The-Canal, In-The-Canal), Implant Types (Cochlear Implant, Bone Anchored Systems), OTC Amplifiers, Diagnostic Instruments, Country Wise Market and Sales Volume Forecast to 2021 and Company Analysis: https://bit.ly/2Af6yDJ

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