DUBLIN, July 28, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/mp95jv/global_hearing) has announced the addition of the "Global Hearing Aids Market 2015-2019" report to their offering.
The global hearing aids market to grow at a CAGR of 4.68% during the period 2014-2019.
Factors such as changing demographics and high prevalence of hearing loss are driving market growth. The market has witnessed immense technological advances. These factors, combined with demand in emerging countries, high adoption rates, and reimbursement schemes have resulted in the growth of the market.
The report, Global Hearing Aids Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, EMEA, and the Americas; it also covers the global hearing aids market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The availability of more appealing, comfortable, efficient, and less stigmatic neck worn hearing aids in the market is increasing. Vendors differentiate their new products in terms of designs, shapes, and connectivity. These innovative devices enhance hearing and also allow the user to stay connected to devices such as an MP3 player, television, and smartphone.
According to the report, the prevalence of hearing loss among adults aged above 65 is considered to be five times higher than those aged below 65. As a person ages, the hair cells in the ear get damaged. This factor and other age-related disorders lead to hearing loss in most of the elderly individuals. The rising aged population with impaired hearing is driving the market globally.
Further, the report states that people with hearing impairment avoid using expensive hearing aids that have unknown levels of advantage, or the benefits provided are less than the product cost. These individuals prefer devices that offer hearing assistance to their daily lifestyle and are discreet in appearance.
- G N Store Nord
- Sonova Holdings
- William Demant
Other Prominent Vendors
- Cochlear Implants
- Rayovac MicroPower Batteries
- Starkey Technologies
For more information visit http://www.researchandmarkets.com/research/mp95jv/global_hearing
Laura Wood, +353-1-481-1716, [email protected]
SOURCE Research and Markets