The behind the ear hearing aids segment in the global hearing aids market is estimated to be valued at US$ 2,907.1 Mn in 2017. The audiology clinics segment in the global hearing aids market is estimated to be valued at US$ 3,652.5 Mn in 2017. Revenue from the global hearing aids market in North America is estimated to be valued at US$ 2,916.9 Mn in 2017.
Hearing aids are sound-amplifying devices designed to help people who have a hearing impairment. Increasing prevalence of hearing loss in geriatric population, and incidence of genetically caused hearing impairment in children is major factor to increase demand for hearing aid devices over the forecast period
Development in hearing aids devices such as introduction of wireless technology, noise cancellation, small and easy to set in ear. These advanced features expected to increase demand for hearing aid during the forecast period.
However, high device cost and limited battery life of hearing aids are major factors hampering growth of the global hearing aids market.
Introduction of wireless charging facility for hearing aids is expected to generate potential opportunity for players in the target market.
Key Players in this report are Sivantos Pte. Ltd., Sonova Holding AG, Cochlear Ltd., SeboTek Hearing Systems, LLC, Zounds Hearing Inc., William Demant Holding A/S, GN Store Nord A/S, MED-EL, Starkey Hearing Technologies, Inc., Widex A/S.