05.07.2016, 17:10
Global Hearing Aids Market by Devices
OREANDA-NEWS. RnR Market Research Offers Report by Research on Global Hearing Aids Market by Devices, Implant Types, OTC Amplifiers, Diagnostic Instruments, Country Wise Market and Sales Volume Forecast to 2021 and Company Analysis.
The global hearing aids market is expected to grow at a CAGR of around 5% during the period 2016 - 2021. 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.
The 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 2015. 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 2015. Both India and China possess the most attractive healthcare market business because of being the worlds most populated countries resulting in large patient pool. In 2015, 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.
Global Hearing Aids Market by Devices (Behind-The-Ear, In-The-Ear, Receiver-In-The-Ear, Completely-In-The-Canal, In-The-Canal), Implant Types (Cochlear Implant, Bone Anchored Systems), OTC Amplifiers, Diagnostic Instruments, Country Wise Market and Sales Volume Forecast to 2021 and Company Analysis provides a comprehensive assessment of the fast-evolving, high-growth hearing aid industry.
The global hearing aids market is expected to grow at a CAGR of around 5% during the period 2016 - 2021. 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.
The 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 2015. 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 2015. Both India and China possess the most attractive healthcare market business because of being the worlds most populated countries resulting in large patient pool. In 2015, 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.
Global Hearing Aids Market by Devices (Behind-The-Ear, In-The-Ear, Receiver-In-The-Ear, Completely-In-The-Canal, In-The-Canal), Implant Types (Cochlear Implant, Bone Anchored Systems), OTC Amplifiers, Diagnostic Instruments, Country Wise Market and Sales Volume Forecast to 2021 and Company Analysis provides a comprehensive assessment of the fast-evolving, high-growth hearing aid industry.
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