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(Medical-NewsWire.com, February 03, 2016 ) Behind-the-ear hearing aids segment dominate the hearing aids devices market; however the canal hearing aids are expected to grow at the highest rate in the forecasted period, due to increasing number of research and development initiatives. On the basis of type of hearing loss, sensorineural hearing loss segment led the market, due to increasing prevalence of hearing loss. Moreover, on the basis of end users the adults segment led the market, due to growing geriatric population.
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The unexplored market in the hearing aids industry of the developing economies is creating abundant growth opportunities for the global market. Some of the major trends in the global market are growing product innovation, increasing number of collaborations and partnerships, and increasing number of mergers and acquisitions. Hearing aids are the devices and implants used for people suffering from hearing loss or impairment. Hearing aid devices are electronic devices, which amplify sound waves in order to help people hear sound. There are various types of hearing aids, such as receiver-in-the-ear (RITE) hearing aids, canal hearing aids, behind-the-ear (BTE) hearing aids, and in-the-ear (ITE) hearing aids. In addition, the cochlear implant helps deaf person to recognize and interpret various sounds, in order to improve the quality of life of a deaf person.
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Geographically, Europe is expected to dominate the global market in the coming years, due to growing geriatric population and technological advancement. Asia-Pacific is expected to be the fastest growing region, due to increasing healthcare expenditure and large pool of patients in the region. In addition, the Asia-Pacific market is growing, due to increasing awareness about hearing aids in the emerging countries, such as India and China.
Some of the companies operating in the global hearing aids market are William Demant Holding A/S, Zounds Hearing Inc., GN Store Nord A/S, Sonova Holding AG, Cochlear Limited, Widex, Sivantos Pte Ltd., Sebotek Hearing Systems LLC, and Starkey Hearing Technologies Inc.
Global Hearing Aids Market Segmentation
By Product
Hearing aid devices
o Receiver-in-the-ear (RITE) hearing aids
o Canal hearing aids
o Behind-the-ear (BTE) hearing aids
o In-the-ear (ITE) hearing aids
o Others hearing aids
Hearing Implants
o Bone-anchored systems
o Cochlear implants
By Type of Hearing Loss
Conductive Hearing Loss
Sensorineural Hearing Loss
By End User
Adult
Pediatrics
By Geography
North America
o U.S.
Europe
o Germany
o U.K.
Asia-Pacific
o Japan
o China
Rest of the World
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