Global Hearing Aids Market to grow at a CAGR of 4.68% during the period 2014-2019; Finds New Report

Report forecast the global hearing aids market to grow at a CAGR of 4.68% during the period 2014-2019.

Hearing aids are devices that amplify sound. Hearing aids cannot restore the normal functioning of the ear, only improve the perception of sound in people with hearing impairment. Untreated hearing loss causes embarrassment, social stress, tension, and fatigue. According to the American Speech-Language-Hearing Association, hearing loss is associated with conditions such as dementia. The majority of the people with hearing impairment can be treated with hearing aids.

Factors such as changing demographics and high prevalence of hearing loss are driving market growth. The market has witnessed immense technological advances. These factors, combined with demand in emerging countries, high adoption rates, and reimbursement schemes have resulted in the growth of the market.

The report covers the present scenario and the growth prospects of the global hearing aids market for the period 2015-2019.

According to the report, the prevalence of hearing loss among adults aged above 65 is considered to be five times higher than those aged below 65. As a person ages, the hair cells in the ear get damaged. This factor and other age-related disorders lead to hearing loss in most of the elderly individuals. The rising aged population with impaired hearing is driving the market globally.

Further, the report states that people with hearing impairment avoid using expensive hearing aids that have unknown levels of advantage, or the benefits provided are less than the product cost. These individuals prefer devices that offer hearing assistance to their daily lifestyle and are discreet in appearance.

Global Hearing Aids Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, EMEA, and the Americas; it also covers the global hearing aids market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Hearing Aids Market: GN Store Nord A/S, Sonova Holding AG and William Demant Holdings AG (WDH)

Other Prominent Vendors in the market are: Amplifon, Amplisound, Audina, Cochlear, Elkon, Med-El, Rayovac MicroPower Batteries, Rion, SeboTek Hearing Systems, Siemens, Starkey, Sonovation and Widex

Key Geographies

• Americas
• APAC
• EMEA

Market Driver

• Changing Demographics
• For a full, detailed list, view our report

Market Challenge

• Need for Skilled Dispensers in Developing Countries
• For a full, detailed list, view our report

Market Trend

• Innovations in Technology
• For a full, detailed list, view our report

Key Questions Answered in this Report

• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 60 pages and 25 Exhibits “Global Hearing Aids Market 2015-2019” report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Global Audiological Devices Market: An Overview, Market Landscape, Market Segmentation by Product, Geographical Segmentation, Buying Criteria, Market Growth Drivers, Drivers and Their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://mrr.cm/4u9

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