World Hearing Aid Industry to See Robust Growth over 2017-2021, Predicts Daedal Research in Its New Report Available at MarketPublishers.com03 Aug 2017 • by Natalie Aster
LONDON – The world’s hearing aid industry has experienced an upsurge over 2011-2016, and is anticipated to continue gaining momentum at a robust pace through 2021.
The key market growth driving forces include the increasing prevalence of hearing loss disorders, rapidly aging population across the globe, ongoing technological advancements in the healthcare industry as well as increasing number of product launches.
Furthermore, in the year to come the hearing aid market is set to be pushed by the escalating noise pollution level, introduction of new hearing aid devices with innovative features and launch of internet-connected hearing aids.
However, the hearing aid market is also facing a number of challenges, for instance, high prices of devices, lack of awareness and high degree of consolidation.
Europe is likely to grab the major share of the world’s hearing aid market through 2021.
William Demant Holding Group, GN ReSound and Sonova Holdings AG are amid the top companies engaged in the hearing aid industry.
The new insightful report “Global Hearing Aid Market (2017-2021 Edition)” created by Daedal Research is a reliable source of top-level data on the market performance, dynamics and major growth influencing factors. It contains a detailed market analysis, discloses valuable data on the market size and shares, reviews the top market trends and examines the key market segments. Moreover, this topical study includes brief country analysis of Germany, France and the US. This report also discusses the emerging opportunities, traces light on the historical growth patterns of the hearing aid market, features the competitive scenario and also gives projection for the market development up to 2021.
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