Global Hearing Aids Market 2015-2020 - Market Opportunities and Forecasts for the $8.3 Billion Industry

Dec 03, 2015, 05:55 ET from Research and Markets

DUBLIN, December 3, 2015 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/x62l47/hearing_aids) has announced the addition of the "Hearing Aids Market by Product (Receiver-In-The-Ear, Behind-The-Ear, In-The-Ear, Canal Hearing Aids, Cochlear Implants, Bone Anchored Systems), Hearing Loss (Sensorineural, Conductive), End-User (Adults, Pediatrics) - Global Forecasts to 2020" report to their offering.

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The hearing aids market is expected to reach USD 8,373.9 Million by 2020 from USD 6,183.3 Million in 2015, at a CAGR of 6.3%. This market is segmented based on products, type of hearing loss, end-user, and regions. 

Based on products, the hearing aids market is segmented into hearing aid devices and hearing implants. The hearing aid devices segment is expected to account for the largest share of the market in 2015. Increasing technological advancements and regulatory approvals will drive the growth of this market segment. 

Based on type of hearing loss, the market is segmented into sensorineural and conductive. The sensorineural segment is expected to account for the largest share of this market. Growth in this segment can be attributed to the high prevalence of hearing loss. 

Based on end-users, the hearing aids market is segmented into adult and pediatric. The adult segment is expected to account for the largest share of the market in 2015. Increase in aging population will drive the growth of this market. 

The global hearing aids market is dominated by Europe, followed by North America, Asia, and the Rest of the World (RoW). Europe will continue to dominate the global market in the forecast period. However, Asia is expected to witness the highest CAGR, with the growth in this market centered at China and India. 

The major players in this market include Cochlear Limited (Australia), GN Store Nord A/S (Denmark), MED-EL (Austria), SeboTek Hearing Systems, LLC (U.S.), Sivantos Pte. Ltd. (Singapore), Sonova (Switzerland), Starkey Hearing Technologies, Inc. (U.S.), Widex (Denmark), William Demant Holding A/S (Denmark), and Zounds Hearing, Inc. (U.S.). 

Key Topics Covered: 

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Hearing Aids Market, By Product

7 Hearing Aids Market, By Type of Hearing Loss

8 Hearing Aids Market, By End User

9 Hearing Aids Market, By Region

10 Competitive Landscape

11 Company Profiles 

For more information visit http://www.researchandmarkets.com/research/x62l47/hearing_aids

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