Hearing Aids Market Growing at 4.6% CAGR to 2019

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Jun 30, 2015, 06:30 ET

DALLAS, June 30, 2015 /PRNewswire/ --

ReportsnReports.com adds Global Hearing Aids Market 2015-2019 research report that says growing elderly population will drive the hearing aids market growth, which is forecast at 4.6% for next 4-5 years.

Complete report on hearing aids market spread across 60 pages, talking about 3 major companies and supported with 22 exhibits is now available at http://www.reportsnreports.com/reports/402948-global-hearing-aids-market-2015-2019.html .

This new hearing aids market research says that the availability of more appealing, comfortable, efficient, and less stigmatic neck worn hearing aids in the market is increasing. Vendors differentiate their new products in terms of designs, shapes, and connectivity. These innovative devices enhance hearing and also allow the user to stay connected to devices such as an MP3 player, television, and smartphone. The hearing aids market is characterized by new-generation technologies. ReSound LiNX2 by GN Store Nord allows users to stream phone and FaceTime calls, geo-tag favorite locations, and discretely customize audio settings directly through the ReSound Smart App on a smartphone.

A large number of people are experiencing hearing loss and are unaware of the necessity of hearing aids. Increased public awareness of hearing loss increases the demand for hearing aids. Wireless hearing devices and attachments allow users access to communication, information, and entertainment such as Bluetooth and FM. To calculate the hearing aids market size, this research uses revenue generated from different types of hearing aids, including behind-the-ear, in-the-ear, and receiver-in-ear. The report states that people with hearing impairment avoid using expensive hearing aids that have unknown levels of advantage, or the benefits provided are less than the product cost. These individuals prefer devices that offer hearing assistance to their daily lifestyle and are discreet in appearance.

Major companies of hearing aids market discussed in this 2015 research report include GN Store Nord A/S, Sonova Holding AG and William Demant Holdings AG (WDH). Other prominent vendors mentioned in the report are Amplifon, Amplisound, Audina, Cochlear, Elkon, Med-El, Rayovac MicroPower Batteries, Rion, SeboTek Hearing Systems, Siemens, Starkey, Sonovation and Widex. Order a copy of Global Hearing Aids Market 2015-2019 research report at http://www.reportsnreports.com/Purchase.aspx?name=402948 .

According to this hearing aids market report, the prevalence of hearing loss among adults aged above 65 is considered to be five times higher than those aged below 65. As a person ages, the hair cells in the ear get damaged. This factor and other age-related disorders lead to hearing loss in most of the elderly individuals. The rising aged population with impaired hearing is driving the market globally. Factors such as changing demographics and high prevalence of hearing loss are driving market growth. The market has witnessed immense technological advances. These factors, combined with demand in emerging countries, high adoption rates, and reimbursement schemes have resulted in the growth of the market.

Another hearing aids market research report titled "Hearing Aid Devices - Pipeline Review, 2015" provides comprehensive information on the pipeline products with comparative analysis of the products at various stages of development. The report reviews major players involved in the pipeline product development. It also provides information about clinical trials in progress, which includes trial phase, trial status, trial start and end dates, and, the number of trials for the key Hearing Aid Devices pipeline products. This report is prepared using data sourced from in-house databases, secondary and primary research by a professional team of industry experts. Certain sections in the report may be removed or altered based on the availability and relevance of data in relation to the equipment type. Hearing aid devices pipeline products are discussed by stage of development, segment, territory, regulatory path and estimated approval date.

Companies and organizations/institutes discussed in the Hearing Aid Devices - Pipeline Review, 2015 research report include Advanced Medical Electronics Corporation, Audiodontics, Inc., EarLens Corporation, Hannover Medical School, Helmholtz Centre for Infection Research, iHear Medical, Inc., Sanuthera, Inc., University of California, Irvine and University of Strathclyde. This research is spread across 80 pages and the hearing aids market analysis is supported with 35 tables and 5 figures. Order a copy of market research report titled Hearing Aid Devices - Pipeline Review, 2015 at http://www.reportsnreports.com/Purchase.aspx?name=402992 .

The third 2015 research on hearing aids market available with ReportsnReports.com is titled Hearing Aids World Report that gives data and information on market consumption / products / services for over 200 countries by 6 to 10-digit NAICS product codes as well as by 3 time series including historical information from 1997- 2015 and forecasts for 2016- 2023 and 2023-2028. Products & Markets Covered include Distribution of Sales: Clinics / Hospitals / Consultants, Distribution of Sales: Other Medical / Surgical Outlets, Distribution of Sales: Retail Sales / Speciality Selling Firms as well as Distribution of Sales: Unallocated Outlets. Data and information on 4 products is provided for over 200 countries with the report spread across 2033 pages and having 9790 spreadsheets, 9719 database tables as well as 579 diagrams and maps. This database is updated monthly. 12 months full after-sales services and updates are provided from the publishers. This Report Is Also Available As 9 Regional Reports: Canada and The Usa, Central America (31 Countries), South America (13 Countries), Europe (45 Countries), Eurasia (4 Countries), Middle East (19 Countries), Africa (54 Countries), Asia (48 Countries), and Oceania (20 Countries). This Report Is Also Available for Individual Countries. This report is divided into 59 hearing aids market research chapters and spreadsheet chapters that help with data as well as analysis. Read more on Hearing Aids World Report at http://www.reportsnreports.com/reports/375739-hearing-aids-world-report.html .

Explore more reports on the medical devices market at http://www.reportsnreports.com/market-research/medical-devices/ .

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