NEW YORK, May 4, 2021 /PRNewswire/ —
The hearing aid market is poised to grow by USD 2.92 billion, and accelerate at a CAGR of almost 7% during 2021-2025. The market records an incremental growth due to the global rise in the number of patients with hearing loss during the forecast period.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. The growth in the use of binaural hearing aids is one of the major factors propelling the market growth. However, the battery concerns for hearing aids may impede the market growth.
Hearing Aid Market 2021-2025: Vendor Analysis
To help businesses improve their market position, the hearing aid market report provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include Amplifon Ltd, Audina Hearing Instruments Inc., Cochlear Ltd., Demant AS, GN Store Nord AS, MED-EL Elektromedizinische Gerate GmbH, RION Co. Ltd., Sonova Holding AG, Starkey Laboratories Inc., and WS Audiology AS.
Hearing Aid Market 2021-2025: Key Offerings
- Market Size & Forecast by Revenue – 2021−2025
- Market Dynamics – Leading trends, growth drivers, challenges, and market opportunities
- Market Segmentation – A detailed analysis by product and geography
- Competitive Landscape – Detailed vendor information with segments and key offerings
Learn more about the factors impacting the future of the hearing aid market, enquire before buying: https://www.technavio.com/talk-to-us?report=IRTNTR41078
Hearing Aid Market 2021-2025: Segmentation
The hearing aid market is segmented as below:
- Hearing devices
- Hearing implants
- North America
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Along with the market data, Technavio offers customizations as per the specific needs of the companies. The following customization options are available for the hearing aid market report:
- Further breakdown of the market segmentation in requested regions.
- Detailed analysis and profiling of additional market players, vendor segmentation, and vendor offerings.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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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