Global Hearing Aid Market will be driven by Design modifications and rising demand for Artificial Intelligence: Ken Research

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“Rising number of hearing loss patients coupled with increasing technological advancements and user convenience has driven the Global Hearing Aid Market”

The report Titled Global Hearing Aid Market Outlook to 2023 – By Hearing Aid Devices (By Ear and By Canal) and Hearing Implants (Cochlear implants and Hearing implants), By Region (Americas, Europe, Asia-Pacific and RoW), By Type of Distribution channel (Audiology & ENT clinics, Hospitals and Pharmacies) by Ken Research suggested that the Global Hearing Aid Market has been increasing due to rising number of hearing loss patients, increasing personal disposable income, growing demand for artificial intelligence coupled with increasing technological up-gradations in the hearing aid devices. The market is expected to register a positive CAGR of 5.4% in terms of revenue during the forecast period 2018-2023E.

Global Hearing Aid Market Cover Page

Increasing technological developments: In Hearing Aid market, it has been observed that there is an increase in demand for customized hearing aid devices as they are invisible and provide better convenience to hearing aid users as they are made in accordance with the canal size of the user’s ear. The companies are focusing on the trending smaller and sleeker designs of hearing aid devices so as to not compromise on the quality with add on features such as Bluetooth streaming and wireless connectivity in devices that may lead to higher adoption and satisfaction rate among users.

Growing Number of Hearing Loss Patients: The number of hearing loss patients has grown significantly in the last five years. The number increased from 360 million in 2011 to 466 million in 2018. The major increase in the number of Hearing Loss patients has been observed in Asian Pacific countries that have accounted highest percentage share in the number of Global Hearing Loss patients, segmented by WHO on the basis of Region. The increasing number of hearing loss patients is the key factor that which has led to increase in the revenues of hearing aid segment over the years.

Lack of Government Regulations and Unauthorized Sales: The hearing aid market at global level faces the challenge of lack of government regulations and reimbursement policies in countries which has become the major reason as to why the adoption rate differs from country to country. The implants cannot be sold through e-commerce platforms as it requires the implantation surgery. However, hearing aid devices on the other hand are sold via e-commerce platforms by some local manufacturers, which have been considered unauthorized by the manufacturing companies, which is negatively impacting the sales of global hearing aid companies.

Keywords

Global Hearing Aid Sales

Global Hearing Aid Devices Revenue

Global Hearing Implants Market

America Hearing Market

Europe Hearing Market

Asia-Pacific Hearing Market

Middle East Hearing Market

US Hearing Devices Market

Europe Hearing Devices Market

Asia Hearing Devices Market

MENA Hearing Devices Market

USA Hearing Implants Sales

China Hearing Implants Export

Japan Hearing Aid Devices Sales

Australia Hearing Implants Market

India Hearing Implants Market

Germany Hearing Implants Market

France Hearing Aid Devices Market

Global Hearing Aid Trends

Global Hearing Aid Issues

Global Hearing Aid Pain Points

Global Hearing Aid Value Chain

Global Cochlear Implants

Global BAHA Implants

Global RIC Devices

BTE Devices India

Hearing Aid Distribution Channel

ITE Devices Market

Cochlear Hearing Implant Market

Hearing Aid Market Ecosystem

William Demant Holdings Hearing Aid Market

Global Hearing Aid Companies Strength Weakness

Global Hearing Market Overview

MED-EL Hearing Implant Market

Global Hearing Aid Market Evolution

Market Share Global Hearing Aid Companies

Global Hearing Aid Market Future Outlook

Global Hearing Aid Market Pricing Analysis

Italy Hearing Aid Market

France Hearing Aid Market

Regulations Hearing Aid Market

Global Hearing Aid Market Competition

Key Segments Covered

By Type of Hearing Aid

Hearing Aid Devices

Hearing Implants

By Region

Americas

Europe

Asia-Pacific

RoW

By Type of Distribution Channel

Audiology and ENT Clinics

Hospitals

Pharmacies

By Type of Hearing Aid Devices

By Ear

By Canal

By Type of Hearing Implants

Cochlear

BAHA

By Hearing Implants in Region

Americas

Europe

Asia-Pacific

RoW

By Ear type of Hearing Device

BTE

RIC

ITE

By Canal type of Hearing Device

IIC and CIC

ITC

By Hearing Aid Devices in Region

Americas

Europe

Asia-Pacific

RoW

Key Target Audience

Hearing Aid Manufacturing Companies

International Manufacturers

Domestic Manufacturers

Private Equity Investors

Hospitals and ENT clinics

Government/ Regulatory Authorities

Time Period Captured in the Report:

Historical Period: 2013 – 2018

Forecast Period: 2019E – 2023E

Companies Covered:

Sonova Holdings

William Demant Holdings

GN Hearing

Widex

Sivantos

Starkey Hearing Technologies

Cochlear Limited

MED-EL

Rion Co. Ltd.

Zounds Hearing Inc.

Audina Hearing instruments

Microson

NewSound Hearing Aids

Key Topics Covered in the Report

Global Hearing Aid Market Overview and Genesis

Global Hearing Aid Market Size, 2013 – 2018

Global Hearing Aid Market Ecosystem

Global Hearing Aid Market Value Chain Analysis

Global Hearing aid devices and Hearing Implants Pricing Analysis

Global Hearing Aid Market Size by Revenue (2013 – 2018)

Global Hearing Aid Market Segmentation (2018)

Global Hearing Aid Market Segmentation by Type (Hearing Aid Devices and Hearing Implants)

Global Hearing Aid Devices Market Segmentation by type (By Ear and By Canal).

Global Hearing Aid Devices Market Segmentation by Ear type (ITE, BTE and RIC).

Global Hearing Aid Devices Market Segmentation by Canal type (IIC, CIC and ITC).

Global Hearing Aid Devices Market Segmentation by Region (Americas, Europe, Asia-Pacific, RoW).

Global Hearing Implants Market Segmentation by Type (Cochlear and BAHA).

Global Hearing Implants Market Segmentation by Region (Americas, Europe, Asia-Pacific, RoW).

Global Hearing Aid Market Segmentation by Distribution Channel (Audiology & ENT clinics, Hospitals and Pharmacies)

Global Hearing Aid Market Trends and Developments

Global Hearing Aid Market Snapshot of Major Countries in, 2013-2018

Global Hearing Aid Market Government Regulations, Certification and Labeling Practices

Global Hearing Aid Market Investment Scenario

Global Hearing Aid Market Mergers and Acquisitions of the companies, 2013-2018

Global Hearing Aid Market Trends and Developments

Global Hearing Aid Industry Porter’s Five Forces

Global Hearing Aid Market Competitive Landscape

Global Hearing Aid Market Company Profile of Major Players

Global Hearing Aid Market Future Outlook and Projections, 2018 – 2023E

Global Hearing Aid Market Future Outlook and Projections,  2018 – 2023E

Analyst Recommendations

For more information, refer to below link:

Global Hearing Aid Market Research Report

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Global Canal Hearing Aids Market Analysis 2013-2018 and Forecast 2019-2024

Global Pediatric Hearing Aids Market Status and Future Forecast 2015-2024

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

sales@kenresearch.com

+91-9015378249

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