A hearing aid is a small electronic device which may be wore in or behind the ear. It amplifies sounds that are louder thus a person with hearing loss can also listen, communicate, and participate in the day to day activities. A hearing aid assists people who can hear more in both quiet and noisy situations. A hearing aid largely consists of three key parts as microphone, amplifier, and speaker. The hearing aid receives sound through a microphone, which alters the sound waves to electrical signals and directs them to an amplifier. The amplifier upswings the signal strengths and then sends it to ear through a speaker. In-the-ear (ITE) hearing aids are small similar to ear-tip and assemble in the outer portion of the ear canal.
Hearing aids are primarily beneficial in refining the hearing and speech understanding of people who suffer hearing loss consequences from damage to the small sensory cells in the inner ear, called hair cells. A hearing aid intensifies sound vibrations arriving the ear. Enduring hair cells sensing larger vibrations and converting them into neural signs that are passed along with the brain. The larger the impairment to a person’s hair cells, the more plain the hearing loss, and the superior the hearing aid amplification needed to make up the difference. Moreover, the most of in-the-ear (ITE) hearing aids comprise of a telephone switch and directional microphone, easy to adjust.
According to study, “Global In-the-ear (ITE) Hearing Aids Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global In-the-ear (ITE) hearing aids market are William Demant, Sivantos, Sonova, Starkey, GN ReSound, Widex.
Based on hearing loss type, In-the-ear (ITE) hearing aids market is segmented into conductive hearing loss and sensor neural hearing loss. Based on technology, market is segmented into digital hearing aid and conventional hearing aid. Based on sales channel, market is segmented into online channel and offline channel. Based on application, market is segmented into adult and pediatric. In addition, based on end-use, market is segmented into ENT clinics, audiology clinics and others.
The In-the-ear (ITE) hearing type aids market is mostly driven by introduction of new technologies such as Bluetooth connectivity feature, followed by rise in dependence on online retailing coupled with rise in frequency of hearing loss cases. However, high cost associated to ITE hearing aids and lack of knowhow on innovations may impact the market. Moreover, rise in demand due to attractive promotional and marketing activities is a key opportunity for market.
Based on geography, the North-American region holds major share in In-the-ear (ITE) hearing aids market, followed by European region owing to high technological advancement and presence of key companies in the region. Whereas, the Asian-Pacific region is expected to exhibit substantial growth rate due to growth in demand of digital hearing aids over the forecast period. In upcoming years, it is expected that future of the market will be optimistic as a result of rise in demand from small and medium enterprises (SMEs) and various industry verticals during the forecast period.
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Ankur Gupta, Head Marketing & Communications