Hearing Aids Industry Growth Analysis and Forecasts To 2022 Hearing Aids Market: 2017 Global Industry Trend | Page 2

Latest Report: Hearing Aids Industry Global Market Analysis, Growth, Share,
Industry Trends and Forecasts to 2022
Global Hearing Aids Market is anticipated to grow at a CAGR of around 5% during the period 2017 - 2022.
The growing prevalence of hearing impairment coupled with an expanding global geriatric population base
and rapid technological advancement are three primary drivers of this market. While factors such as high
cost of hearing aids, limited reimbursement and lack of awareness hinders the growth of the market.
Company Coverage of Global Hearing Aids Market: Sonova Holding Ag, Sivantos Pte. Ltd., William Demant
Holding A/S, GN ReSound, Starkey Hearing Technologies, Widex, RION Co., Ltd, Cochlear Limited.
Hearing Aids Market is segmented into hearing aid devices, hearing implants, OTC amplifiers and diagnostic
instruments. The hearing aid devices segment accounts for the largest share of the market. The rapid
technological advancements coupled with customization of the hearing devices and regulatory approvals
will drive the growth of this market segment. The hearing implant segment captures the second largest
share of the hearing aids market being followed by diagnostic instruments. OTC amplifiers captures least
share of the hearing aids market.
Geographically, United States is the largest hearing aids market in the world accounting for around XX%
share in 2016. United Kingdom is the second leading market for hearing aids. Germany is the third major
market for hearing aids being followed by France. In emerging markets, China and India accounts for XX%
and XX% share of the global hearing aids market respectively in 2016. Both India and China possess the
most attractive healthcare market business because of being the world’s most populated countries
resulting in large patient pool. In 2016, Australia captured XX% share of the global hearing aids market,
while Brazil and Canada both accounts for XXX% each share of the global hearing aids market.
Complete report available at http://www.marketreportsonline.com/566999.html