Hearing Aids and Implants Market Growing at 6.25% to 2021

May 10, 2016, 12:45 ET from RnR Market Research

PUNE, India, May 10, 2016 /PRNewswire/ --

Global hearing aids and implants market growth is driven by increasing incidences of hearing loss in both adult & children population with a forecast of 6.25% CAGR during 2016 - 2021F. As per data by WHO around 360 million people worldwide have disabling hearing loss due to genetic causes, complications at birth, certain infectious diseases, chronic ear infections, the use of particular drugs, exposure to excessive noise and ageing.

Complete report hearing aids and implants market spread across 205 pages, analyzing 10 companies and provides 6 tables and 116 figures is now available at http://www.rnrmarketresearch.com/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-earrite-in-the-canalitc-completely-in-th-africa-market-report.html.

Hearing aids and implants is witnessing growth on account of growing incidences of hearing loss globally where developed economies including North America and Europe are the major markets due to higher adoption rate whereas emerging economies such as Asia Pacific and Latin America are witnessing rapid growth driven by high per capita expenditure.

Rise in the aging population giving rise to increasing incidences of hearing loss combined with higher Internet savvy adult population leading active lifestyles. However, limited reimbursement coverage mainly in developing countries is supressing the growth of hearing aids and implants market, resulting in higher out of pocket expenses of patients.

Technological improvements in hearing implants is growing mainly among the increasing paediatric population whereas expansion of retail channel is giving rise to quick availability and wide range of portfolio driven by the private purchasing of hearing aids.

According to research report, "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)", Global Hearing Aids and Implants market is projected to exhibit a CAGR of over ~6.25% during 2016 - 2021. In 2016, market for hearing implants is expected to grow at a faster pace due to the increasing population with profound hearing loss as well as growing paediatric population.

Scope of the Report: Segmentation by Type: Hearing Aids and Hearing Implants; Segmentation by SubType: Hearing Aids : Behind-The-Ear (BTE), In-The-Ear (ITE), Receiver In-The-Ear(RITE), In-The-Canal(ITC), Completely-In-The-Canal (CIC), Others; Hearing Implants: Cochlear Implant, Other Implants; Segmentation by End-Purchase: Independent Purchase, Retail, Buying Groups/Wholesale and Government; Coverage by Region: North America, Europe, Asia Pacific, Latin America and Middle East and Africa (MEA); Coverage by Country: United States, Canada, United Kingdom, Germany, China, India, Brazil, Mexico and South Africa.

Company Profiles: Sonova Holding AG, Sivantos Pte. Ltd., GN Store Nord A/S, Starkey Hearing Technologies, William Demant Holding A/S, Widex A/S, Cochlear Limited, Amplifon SpA, Med-El and RION Co., Ltd. Order a Copy of Report at http://www.rnrmarketresearch.com/contacts/purchase?rname=542122.

On a related note, the Global Hearing Aids Market 2015-2019 research report forecasts a 4.68% CAGR for hearing aids industry to 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.  Companies like G N Store Nord, Sonova Holdings, William Demant, Amplifon, Cochlear Implants, Med-El, Rayovac MicroPower Batteries, Rion, Sebotek, Siemens, Starkey Technologies and Widex are mentioned in this research available at http://www.rnrmarketresearch.com/global-hearing-aids-market-2015-2019-market-report.html .

Also, another research titled Hearing Aids World Report covers data and information on Distribution of Sales: Clinics / Hospitals / Consultants, Other Medical / Surgical Outlets, Retail Sales / Speciality Selling Firms as well as Unallocated Outlets. Data and information on 4 Products is Covered for Over 200 Countries spread across 2033 Pages, offering 9790 Spreadsheets, 9719 Database Tables, 579 Diagrams & Maps. Read more at http://www.rnrmarketresearch.com/hearing-aids-world-report-market-report.html .

Explore other reports on medical devices market at http://www.rnrmarketresearch.com/reports/life-sciences/medical-devices.

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