Published Date : May 23, 2016
ALBANY, New York, May 23, 2016 - MarketResearchReports.biz has announced the addition of a recent report, titled ‘Global Hearing Aids And Implants Market: Trends, Opportunities And Forecasts (2016-2021) (By Region, By Sub-Types: Behind-The-Ear (BTE), In-The-Ear (ITE), Receiver In-The-Ear(RITE), In-The-Canal(ITC), Completely-In-The-Canal (CIC); By Implants-Cochlear, Others; By End Purchase - Independent, Retail, Wholesale, Government; By Country - USA, Canada, Brazil, Mexico, UK, Germany, India, China, South Africa),’ to its online repository. According to the report, the global hearing aids and implants market is expected to expand speedily in the years to come due to the technological advancements in these devices and the increasing occurrence of hearing loss among the elderly.
Hearing loss, also known as hearing impairment, is a partial or total inability to hear. Long gone are the days when hearing loss was common among the elderly. Even many younger people may lose their hearing capacity due to factors such as infections, genetics, exposure to loud noises, birth complications, negative effects of certain medications, and trauma to ears. Hearing loss can occur in one or both of the ears. In children, hearing loss may affect the capacity to learn a language, while in adults, hearing loss can cause many work-related difficulties. Hearing loss can be permanent or temporary, depending on the severity and the cause.
The growing number of people suffering from hearing loss is expected to propel the global hearing aids and implants market in the years to come. The rise in the geriatric population coupled with the increasing number of internet-savvy people are predicted to contribute towards the growth of the global hearing aids and implants market. However, factors such as the high cost of the implants and hearing aids and limited reimbursement policies are predicted to hamper the growth of the global hearing aids and implants market in the near future.
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The global hearing aids and implants market is segmented on the basis of end-purchase and geography. By geography, the global hearing aids and implants market is divided into North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. The global hearing aids and implants market is experiencing steady growth due to the increasing demand for new hearing aids in Europe and North America. The high adoption rate of hearing aids and implants in Latin America and Asia Pacific is anticipated to create new growth opportunities in the global hearing aids and implants market in the near future.
Based on end-purchase, the global hearing aids and implants market is classified into retail, government, independent purchase, and buying groups. Expansion of the retail chain and technological advancements are predicted to benefit the global market for hearing aids and implants. Sonova Holding AG, Sivantos Pte. Ltd., GN Store Nord A/S, Starkey Hearing Technologies, William Demant Holding A/S, Widex A/S, Cochlear Limited, and Amplifon SpA are some of the key companies operating in the global hearing aids and implants market.
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