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Global Hearing Aid Market 2020-2024 | Evolving Opportunities with Amplifon Spa and Audina Hearing Instruments Inc. | Technavio

March 5, 2020 GMT
Technavio has announced its latest market research report titled Global Hearing Aid Market 2020-2024 (Graphic: Business Wire)
Technavio has announced its latest market research report titled Global Hearing Aid Market 2020-2024 (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--Mar 5, 2020--

The global hearing aid market is poised to grow by USD 2.85 billion during 2020-2024, progressing at a CAGR of over 6% during the forecast period. Request free sample pages

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Technavio has announced its latest market research report titled Global Hearing Aid Market 2020-2024 (Graphic: Business Wire)

Read the 120-page report with TOC on “Hearing Aid Market Analysis Report by Product (Hearing devices and Hearing implants), End-user (Adults and Pediatrics), Geographic segmentation (APAC, Europe, MEA, North America, and South America), and the Segment Forecasts, 2020-2024”.

https://www.technavio.com/report/hearing-aid-market-industry-analysis

The market is driven by the growth in use of binaural hearing aids. In addition, the growing adoption of hearing aids with rechargeable batteries is anticipated to boost the growth of the hearing aid market.

People suffering from bilateral hearing loss, lose their hearing capacity on both the ears. Binaural hearing aids used by these individuals are more efficient in comparison to single hearing aids as they enable better hearing from all directions. These hearing aids provide a better understanding of speech by selective listening, facilitate clear understanding of sounds in noisy environments, and provide improved sound identification. Aging population suffering from Tinnitus are also recommended to use binaural hearing aids. Thus, the growth in use of binaural hearing aids is expected to drive market growth during the forecast period.

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Major Five Hearing Aid Market Companies:

Amplifon Spa

Amplifon Spa operates the business under various segments such as EMEA, Americas, APAC, and Corporate. The company offers hearing aid solutions such as Behind-The-Ear hearing aids Receiver In-The-Ear Canal, and In-The-Ear.

Audina Hearing Instruments Inc.

Audina Hearing Instruments Inc. offers products through the following business units: Hearing Aids and Ear Molds. The company offers hearing aid devices and ear molds. It also provides custom linear hearing instruments, pre-wire kits, InstaFIT devices, and other products.

Cochlear Ltd.

Cochlear Ltd. operates under various business segments, namely Cochlear implants, Services, and Acoustics. The company offers Cochlear True Wireless, Middle-ear implants, bone conduction implants, and cochlear implants.

Demant AS

Demant AS offers products through the following business segments: EMEA, Americas, APAC, and Corporate. The company offers hearing aid solutions such as Receiver In-The-Ear Canal, In-The-Ear, and Behind-The-Ear hearing aids.

GN Store Nord AS

GN Store Nord AS offers products through the following business segments: GN Hearing and GN Audio. The company offers hearing aid solutions such as ReSound Enya, ReSound Up Smart, ReSound LiNX Quattro, Beltone Amaze, ReSound Vea, and more.

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Hearing Aid Market Product Outlook (Revenue, USD Billion, 2020-2024)

  • Hearing devices
  • Hearing implants

Hearing Aid Market End-user Outlook (Revenue, USD Billion, 2020-2024)

  • Adults
  • Pediatrics

Hearing Aid Market Geographic Outlook (Revenue, USD Billion, 2020-2024)

  • APAC
  • Europe
  • MEA
  • North America
  • South America

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.Request a free sample report

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Medical Devices Market – Global Medical Devices Market by product (therapeutic and surgical devices, PMDMID, and other medical devices) and geography (Asia, Europe, North America, and ROW).

Medical Image Analysis Software Market – Global Medical Image Analysis Software Market by geography (APAC, Europe, MEA, North America, and South America) and type (standalone and integrated).

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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KEYWORD:

INDUSTRY KEYWORD: MEDICAL DEVICES HEALTH

SOURCE: Technavio Research

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PUB: 03/05/2020 02:00 PM/DISC: 03/05/2020 02:01 PM

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