Global Hearing Aids Market to Grow at 5% CAGR in 2016-2021, Expects iGATE in Its New Report Published at MarketPublishers.com13 Jul 2016 • by Natalie Aster
LONDON – The global market for hearing aids is forecast to show a one-digit CAGR of approximately 5% over the period 2016-2021. Expansion of the global geriatric population base, rapid advances in the field of technology and hearing impairment’s growing prevalence are some of major forces driving the growth. There are also some restraints the marketplace faces, such as a high cost of hearing aids and a lack of awareness, to name a few.
Hearing aid devices form the largest segment of the global marketplace. Its growth will be further driven by customization of the devices, technological advancements and regulatory approvals. Hearing implants make up the second largest segment of this marketplace, while the smallest share belongs to OTC amplifiers.
The USA is the world’s largest marketplace, followed by the UK and Germany. India and China are some of lucrative emerging market.
Sonova Holding, GN ReSound and Widex are some of the brightest stars in the global sky.
New research report “Global Hearing Aids Market” drawn up by iGATE Research Pvt. Ltd. offers a comprehensive analysis of the global hearing aid marketplace. The study provides a 360-degree view of the market. It focuses on sales trends and limelights market shares.
The report examines the marketplace on the basis of devices type and casts light on different segments’ performance. The research study investigates country markets and analyses top companies. Details on challenges and drivers along with future projections are available in the research report, too.
- insightful overview of this market space;
- coverage of all segment of the marketplace;
- data on the competitive landscape;
- details on top countries;
- future outlook;
- and more.
More new studies by our partner can be found at iGATE page.