In-depth analysis and data-driven insights on the impact of COVID-19 included in this global hearing aids market report.
The hearing aids market is expected to grow at a CAGR of over 4% during the period 2020−2026.
Key Highlights Offered in the Report:
Key Offerings:
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Hearing Aids Market – Segmentation
Hearing Aids Market by Product
Hearing Aids Market by Hearing Loss
Hearing Aids Market by Technology
Hearing Aids Market by Patient Group
Hearing Aids Market by Distribution
Hearing Aids Market – Dynamics
Vendors, especially global players, are increasingly focusing on pursuing inorganic growth strategies such as mergers and acquisitions to improve their expertise in the market. Such inorganic initiatives will complement vendors’ organic growth strategies, thereby gaining traction among end-users in the market. Most of the acquisitions provide significant opportunities to both the parties involved in terms of innovations in the respective product portfolio, market expansion and penetration in existing and new markets. This, in turn, helps them to quickly gain market share. The global hearing aids market is experiencing a trend of M&As, where global players are acquiring other key competitors, medium, and emerging companies to further strengthen their market position in the highly competitive market. For instance, in 2019, Widex and Sivantos merged to form WS Audiology.
Key Drivers and Trends fueling Market Growth:
Hearing Aids Market – Geography
The major revenue contributors in the APAC region were Japan, China, Australia, South Korea, and India. The low treatment-seeking population, mainly due to social stigma in selected counties, low awareness and comparatively less access to healthcare services, especially in developing countries, are few factors that limit hearing aids to gain utmost potential in this region. However, factors such as high disease prevalence with the growing geriatric population, improvement in healthcare spending, increase in awareness for the latest treatment option are projected to fuel the growth of the hearing aids market in the region.
Hearing Aids Market by Geography
Major Vendors
Other Prominent Vendors
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