US Dominates Global Hearing Aids Market, Informs iGATE Research in Its New Topical Study Available at MarketPublishers.com26 Jan 2017 • by Natalie Aster
LONDON – From 2017 till 2022, the world’s market for hearing aids is expected to keep on growing, registering a 5% CAGR. Key factors that will fuel the market growth comprise rising prevalence of hearing impairment, rapid technological advancements and increasing number of geriatric population. Meantime, some factors could have a negative effect on the further market growth, for instance, lack of awareness and limited reimbursement.
Today, the hearing aids devices sector captures the largest chunk of the world’s hearing aids market. Growth in this sector is spurred by technological progress, customization of hearing devices and favourable regulatory approvals. The second largest share is held by the hearing implant sector.
The US takes lead in the world’s market for hearing aids. It is followed by the UK and Germany. In emerging regions, China and India are considered to have the most lucrative growth opportunities.
Cutting-edge research report “Global Hearing Aids Market (by Devices, Implant Types, OTC Amplifiers, Diagnostic Instruments), Sales Volume, Company Analysis and Forecast to 2022” worked out by iGATE Research has been recently uploaded at MarketPublishers.com.
This topical publication is a great source of trustworthy information on the present and historical performance of the hearing aids market at various geographical levels. It includes an all-round analysis of the major market segments, explores competitive landscape, touches upon regulative norms, examines the key factors influencing the market development and points out lucrative growth opportunities and major challenges. In addition, the study gives access to a comprehensive future outlook through 2022.
For other market research studies prepared by the publisher, follow to the iGATE Research catalogue at MarketPublishers.com.