Hearing Aids Market Ready to Reach at a CAGR of 3.9% through 2024 | Page 3

R e s e a r c h
M a r k e t

East & Africa). The Behind-The-Ear (BTE) Hearing Aids segment is estimated to be the highest
contributor to the global hearing aids market in terms of value share by 2016 end, followed by
the Receiver-In-The-Ear (RIE) Hearing Aids segment. These segments are anticipated to
register CAGRs of 3.3% and 3.6% respectively over the forecast period. The Digital Hearing Aids
segment is expected to be the fastest growing and most attractive segment over the forecast
period and is expected to create incremental opportunity of US$ 2,759.8 Mn between 2016 and
2024. The Audiology Clinics segment is anticipated to register a CAGR of 3.9% over the forecast
period.
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On the basis of region, the North America hearing aids market is expected to account for the
highest market value share in the global hearing aids market by 2024 end, followed by the
Europe hearing aids market. The Europe hearing aids market is estimated to account for 28.0%
revenue share by the end of 2016.
The report profiles some of the top companies operating in the global hearing aids market. Key
players featured in the report are Sonova, William Demant Holdings A/S, GN ReSound, Amplifon
S.p.A., Cochlear Ltd., Starkey Hearing Technologies Inc., Widex A/S, and Sivantos Pte. Ltd.
Leading market players are focusing on developing innovative products through robust R&D
initiatives to expand their product portfolio and are adopting advanced technologies to provide

P e r s i s t e n c e

better solutions to patients. Some companies are also entering into strategic collaborations with
other leading market players to develop innovative products and expand their geographical
presence.
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Global Hearing Aids Market 2016-2024