Global Canal Hearing Aids Market Driven by Growing Patient Counts with Hearing Loss Issues

Published Date : Apr 10, 2017

ALBANY, New York, April 10, 2017 has added a new research report to its collection of market intelligence data pertaining to the global industry for orthopedics. The report, titled “global canal hearing aids market 2017 – 2021,” encapsulates the leading factors that are currently promoting and inhibiting the market in terms of its growth rate. The report additionally covers a future reports of the global canal hearing aids market in terms of its values and demand scales over a given forecast period. 

The global canal hearing aids market is currently being bolstered by the growing demand from an increasing patient pool with hearing loss problems. One of the key reasons for this growth in patient count is the increase in the geriatric population of the world. The elderly are known to be prone to hearing loss and therefore support the bulk of the demand for canal hearing aids. The global canal hearing aids market is currently expanding at a CAGR of 5.51% within a forecast period from 2017 to 2021. However, the overall growth rate of the market is still being restricted by factors such as battery issues in modern hearing aids. Battery technology has not been evolving at a rate fast enough to support providing power supply to modern hearing devices for long durations. There is also the problem of long charging durations, which can cause major inconveniences to users. 

One of the leading trends in the global canal hearing aids market at the moment, is the integration of several viable IT applications into modern devices. This is expected to create a wide array of opportunities for players in the global canal hearing aids market over the coming years, in terms of adding novel technologies that will replace conventional hearing devices. Hearing aids have so far been able to resolve the basic issue of sound amplification or enablement for people to hear audio from their surroundings when they cannot do so without device assistance. 

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The report’s regional reports of the global canal hearing aids market includes a practical look at each of the key regions involved in the market. These key regions include the EMEA, Asia Pacific, and the Americas. With each region individually explained, a user can gain a more thorough understanding of the way in which they can either operate in their current regions, or plan for expansion into more fruitful ones. 

The leading players in the global canal hearing aids market currently include Sonova, Sivantos, Starkey, and Widex. The market is also developed through a number of other prominent names, including Aura Hearing Aid, Beltone, Eartone, GN Hearing, Knowles Electronics, MicroTech, Miracle Hearing Aid Clinic, Persona, Shenzhen Sunsky Technology, and Union Hearing Aid Centre. 

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