How
Global Hearing Aid Market Is Positioned?
The Global
Hearing Aid Market is emerging. However, the competition in the market
is moderately concentrated at the global level as there are around ~
manufacturers of Hearing Aid Devices and Hearing implants that covers more than
~% of the Global hearing aid market in the year 2018. According to the data
published by WHO in 2018, the total number of Hearing Loss patients is around ~
million people worldwide that is ~% of the world’s population out of which ~
million are children.
The growth
in Global Hearing Aid devices is primarily driven by the technological
innovations in the hearing aid market. The growth in Hearing Implants market
was seen largely in the US, UK, Australia, Japan and some of the Western
European countries. Cochlear limited reported ~% growth in units of hearing
implants in the emerging markets. The global hearing aid market is marked by
the challenge from sales of hearing aid devices from smaller manufacturing
companies on e-commerce platforms which are largely regarded as unauthorized by
the leading global manufacturers in hearing aid market. The adoption rate of
hearing aid devices by the hearing impaired individuals has increased over the
years from ~% in 2015 to ~% in 2017. The Hearing Aid Market at global level grew from USD ~
million in 2013 to USD ~ million in 2018. The Global Hearing Aid Market grew at
a CAGR of ~% in terms of value during the period 2013-2018 and was observed
largely due to technological developments and acquisitions in the industry.
How
Is The Global Hearing Aid Market Segmented?
By
Type of Hearing Aid
Hearing Aid Devices Market at global
level grew from USD ~ million in 2013 to USD ~ million in 2018. The Global
Hearing Aid Devices Market increased at a CAGR of ~% in terms of value during
the period 2013-2018 largely due to technological developments and government
reimbursement programmes. On the other hand, The Hearing Implants Market at
global level grew from USD ~ million in 2013 to USD ~ million in 2018. The Global
Hearing Aid Devices Market grew at a CAGR of ~% in terms of value from 2013-2018.
The ear segment of hearing aid devices
Market at global level grew from USD ~ million in 2013 to USD ~ million in
2018. The hearing aid devices by ear grew at a CAGR of ~% in terms of value
during the period 2013-2018. On the other hand, By Canal Type of hearing aid
devices are the customized devices wherein the device is located in the canal
of the ear. The canal hearing aid devices constitutes ~% revenue share in the
hearing aid devices market.
By
Region
The America cover ~% of the revenue share
in in Global Hearing Aid Market in 2018. The market contribution remains the
highest from the U.S. in global hearing aids market. The market size has grown
significantly from USD ~ million in 2013 to USD ~ million in 2018 at a CAGR of
~% during the period 2013-18. The revenue share increased with the significant
developments and the setup of new production centers so as to increase the
company’s reach. However In 2018, Asia-Pacific region holds ~% of the revenue
share in the Global Hearing Aid market. Middle East region accounted mere
revenue share of ~% in the Global Hearing Aid market.
Audiology and ENT clinics segment in
distribution channel of hearing aid devices in 2018 accounted ~% of the revenue
share. The hearing aid devices market in audiology and ENT clinics is one of
the advanced distribution channels for the sales of hearing aid devices.
Hospitals segment in the distribution channel of hearing aid devices hold
second highest revenue share of ~%. On the other hand, Pharmacies segment in
the distribution channel of hearing aid devices accounted a mere revenue share
of ~% in the year 2018.
The ear segment of hearing aid devices
Market at global level increased from USD ~ million in 2013 to USD ~ million in
2018. The hearing aid devices by ear increased at a CAGR of ~% in terms of
value during the period 2013-2018. The major categories by Ear hearing aid
devices include BTE, ITE and RIC. The canal hearing aid devices constitutes ~% of
revenue share in hearing aid devices market in the year 2018. By Canal hearing
aid devices market has increased at a CAGR of ~% in terms of value during 2013-2018.
By
Ear and by Canal device Type
BTE
hearing aid devices Market at global level increased from USD ~ million in
2013 to USD ~ million in 2018. On the other hand, RIC hearing aid devices
covers ~% of the share in revenue from the ear hearing aid devices segment and
covers the second highest revenue share among all three types. ITE hearing aid
devices covers ~% of the share in revenue from the ear hearing aid devices
segment.
IIC and CIC hearing aid devices covers ~%
of the market share in revenue from the canal hearing aid devices segment in
2018. The canal hearing aid devices holds a lower percentage share as compared
to by ear hearing aid devices. On the other hand, ITC accounted mere revenue
share of ~% in the canal hearing devices segment.
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