Healthcare Industry Hearing Aids Market Trends 2020

Your Catalyst To a Lucrative Business
Hearing Aids Market Share, Size, Analysis, Growth, Trends and
Forecasts to 2020| Hexa Research
" Rising prevalence of hearing loss such as
congenital hearing problem and nerve deafness
coupled with the full or partial reimbursement for
these by the governments of various countries has
contributed to the spurred demand of Hearing Aids
Market worldwide."
Due to a rapidly expanding geriatric population, the global Hearing Aids Market may grow at a nearly 4.4%
CAGR during the forecast period (2012 to 2020). The industry stood at around USD 4.6 billion in 2015. Nerve
deafness and congenital hearing problems are commonly occurring hearing defects among the elderly. High
incidence of hearing problems and partial or full reimbursement for hearing aids are two key factors that drive
this industry. At present, the global market is led by technological advancements and innovations. Interestingly,
most hearing aids being manufactured nowadays are not only equipped with bluetooth but are aesthetically
appealing as well. Surging demand for waterproof & 100% undetectable ones may fuel overall industry growth
in the forthcoming years.
Products, technologies, and geographies are three parameters based on which the global industry is
segmented. Based on products, the categories are ITE (In-The-Ear), RITE (Receiver-In-The-Ear), BTE (Behind-The-
Ear), and Canal Hearing Aids. Canal Hearing Aids are further segmented into CIC (Completely-In-Canal), IIC
(Invisible-In-Canal), and Invisible-In-Canal. Demand for BTE and ITE is by far the highest because these devices
rank high on comfort, are easy to use, and offer excellent connectivity.
Browse Details of Report @ https://www.hexaresearch.com/research-report/hearing-aids-industry
Follow Us: