Medical Newswire

Medical Newswire!

Medicine, Healthcare, Medical Research, Hospitals, Management
Press release distribution service
Home | Medical-Newswire.Com:

Latin America Hearing Aids Market to Reach $1.3 Billion by 2021 - Market Data Forecast

(, December 07, 2017 ) Latin America Hearing Aids Market size was around USD 930 million in 2016. It is expected to grow at a CAGR of 6.8% to reach USD 1.3 billion by 2021. It captures 15% of the global market.Hearing loss is a partial or total inability to hear. Hearing aids are sound-amplifying devices designed to aid people who have a hearing impairment. Nearly all hearing aids share numerous close to similar electronic components, including a microphone which picks up sound along with an amplifier circuitry for enhancing the sound, a miniature loudspeaker (receiver) which delivers the amplified sound into the ear canal and lastly batteries which power the electronic parts.

View Full Report:

Apart from the obvious factor of growing incidences, the development of the Latin America hearing aids market is also affected by factors for example, increasing noise pollutions levels, High decibel exposure, and Digital enhancement of hearing aids. The rising noise pollution worldwide has had a major impact on the hearing ability of adults. Noise emission in heavy duty industries along with public carnivals is likely to damage the hearing capacity of adults, thus resulting into rise in demand for hearing aids. General practice of exposing the ear drum with loud music played on headphones or earphones is a common factor causing hearing problems among the young demographic. Moreover, people working in high-decibel ergonomic environments for example, airports or ordnance factories are estimated to suffer from hearing loss due to overexposure. The demand for hearing aids is also greater among construction worker, due to the loud drilling and dismantling work. The most recent factor fuelling the development of enhanced hearing aids is the adding of headphone, Bluetooth, noise cancellation and several other digital functions in the existing hearing devices. Such technological advancements have increased the demand for expensive hearing aids with additional features.

Request for Sample Brochure:

Market Segmentation

5.1 Product

5.1.1 Introduction

5.1.2 Hearing AID Devices Receiver-In-The-Ear (RITE) Hearing AIDS Behind-The-Ear (BTE) Hearing AIDS Canal Hearing AIDS In-The-Ear (ITE) Hearing AIDS Other Hearing AIDS

5.1.3 Hearing Implants Cochlear Implants Bone-Anchored Systems

5.1.4 Y-o-Y Growth Analysis, By Product

5.1.5 Market Attractiveness Analysis, By Product

5.1.6 Market Share Analysis, By Product

5.2 Type of Hearing Loss

5.2.1 Introduction

5.2.2 Sensorineural Hearing Loss

5.2.3 Conductive Hearing Loss

5.2.4 Y-o-Y Growth Analysis, By Type of Hearing Loss

5.2.5 Market Attractiveness Analysis, By Type of Hearing Loss

5.2.6 Market Share Analysis, By Type of Hearing Loss

5.3 End User

5.3.1 Introduction

5.3.2 Adults

5.3.3 Pediatrics

5.3.4 Y-o-Y Growth Analysis, By End User

5.3.5 Market Attractiveness Analysis, By End User

5.3.6 Market Share Analysis, By End User

However, the factors that inhibit the growth of the Latin America hearing aids market include, poor Diagnosis methods, product deficits, and uncomfortable buzzing and amplification. The low battery life of hearing aids is one of the major limitation to the demand of existing products. The consumer is left helpless and deaf, after the battery of the aid runs out. Improper diagnosis of hearing disorders will lead to lower adoption of hearing aids because consumer patients will continue to adjust to the hearing impairment. The evident buzzing and feedback sounds generated by the hearing devices have proved to upset the users, particularly the elderlies because it distracts them while having conversations with their family and friends.

Inquire Before Buying:

On the basis of products, the hearing aids market is segmented into hearing implants and hearing aid devices. The hearing aid devices category is likely to command the largest share of the market in 2016. Growing technological advancements and regulatory approvals will fuel the development of this market segment. If we go by type of hearing loss, the market is categorized into sensorineural and conductive. The sensorineural category is estimated to command the largest share of this market. Growth in this category is due to the high prevalence of hearing loss. On the basis of end-users, the hearing aids market is categorized into adult and paediatric. The adult category is estimated to command the largest share of the market in 2016. Rising aging population will propell the growth of this market.

On the basis of geography the market is segmented into Brazil, Chile, Argentina and others. It is second to last in terms of market share. Brazil is the leading player in the region.

The major companies in this market include GN Store Nord A/S (Denmark), Cochlear Limited (Australia), MED-EL (Austria), SeboTek Hearing Systems, Starkey Hearing Technologies, Inc. (U.S.), Widex (Denmark), William Demant Holding A/S (Denmark), LLC (U.S.), Sivantos Pte. Ltd. (Singapore), Sonova (Switzerland), and Zounds Hearing, Inc. (U.S.).

About Us:

Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and sksillset dedicatedly serve clients from various industries and regions.

Market Data Forecast


+1-888- 702-9626

Source: EmailWire.Com


Medical Resources
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Healthcare resource center today to browse our selection of 600+ complimentary Healthcare magazines, white papers, webinars, podcasts, and more. Get popular titles including:

Eyecare Business
Medical Laboratory Observer

No credit cards, coupons, or promo codes required. Try it today!

Medical Sponsors

Health News is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright GroupWeb Media LLC. All Rights Reserved.

For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at CityRegions.Com is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright 2012 GroupWeb Media LLC. All Rights Reserved.

GroupWeb Media Network
AfricaNewswire.Net | AppleNews247.Com | AsiaNewsWire.Net | Aviation-NewsWire | Energy Industry | EstateNewsWire | | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | EuropeNewsWire.Net | | i-Canada-News.Com | | iT-NewsWire.Com
| InvestorsNewsDesk.Com | i-TravelNewsWire.Com | | | | MoneyNewsWire.Net | Movie-Stars-News.Com | PayDayNews247.Com | PharmaNewsWire.Com | Publishing-NewsWire.Com | | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | - Medicl Newswire and Press Release service of GroupWeb Media LLC