Hearing Amplifiers Market size to grow by USD 28.29 billion from 2023-2028; Europe to account for 37% of market growth - Technavio
NEW YORK, Nov. 14, 2023 /PRNewswire/ -- The hearing amplifiers market size is expected to grow by USD 28.29 billion from 2023 to 2028. In addition, the momentum of the market will progress at a CAGR of 5.66% during the forecast period, according to Technavio Research. The market is segmented based on Distribution Channel (Offline and Online), Type (Behind-the-ear and In-the-ear), and Geography (Europe, North America, Asia, and Rest of World (ROW)).
Europe will offer 37% growth to the growth of the global market during the forecast period. The regional market growth can be attributed to the growing incidence of hearing loss syndrome as well as technological progress. Hearing loss and impairments are majorly prevalent in people from countries like the UK, Germany, France, and others, which makes the UK, a leading country for the hearing amplifiers market in Europe in 2023. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Read a Free PDF Sample Report
Company Profile:
Austar Hearing Science and Technology Xiamen Co. Ltd., Beurer GmbH, Claratone, Cochlear Ltd., Demant AS, Eargo Inc., Foshan Vohom Technology Co. Ltd., GN Store Nord AS, Huizhou Jinghao Medical Technology Co. Ltd., InnerScope Hearing Technologies Inc., Intricon Corp., MDHearingAid Inc., MEDca Hearing, Otofonix Hearing Solutions, Sonova AG, Sound World Solutions, Starkey Laboratories Inc., WS Audiology AS, ZipHearing LLC, Lucid Hearing Holding Co. LLC
Austar Hearing Science and Technology Xiamen Co. Ltd.: The company offers hearing amplifiers such as OTC digital rechargeable RIC hearing aids, affordable BTE open-fit digital rechargeable hearing aids, and many more.
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Hearing Amplifiers Market: Segmentation Analysis
The offline segment will be significant during the forecast period. The segment growth is attributed to the growth in the availability of amplifiers in retail and other brick-and-mortar stores aided by the rising number of young and adult populations with deafness across the world. Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a PDF Sample Report
"Besides analyzing the current market scenario, our report examines historic data from 2017 to 2021"- Technavio
Hearing Amplifiers Market: Driver & Trend:
Driver
- Global rise in the number of patients with hearing loss
- Rising investments by market players
- Growth in the use of binaural hearing amplifiers
Global rise in number of patients with hearing loss is a leading factor for market growth. According to the latest data provided by the Centers for Disease Control and Prevention (CDC), in June 2021, around 6,000 infants in the US were born with permanent hearing loss. A major factor impacting the ability to hear is the growing noise pollution across the globe.
The growth of IoT-integrated devices with additional features is an emerging market trend. Identify key trends, drivers, and challenges in the market. Download a sample report to gain access to this information.
Related Reports:
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The Bone-Anchored Hearing Aids (BAHA) Market size is estimated to grow by USD 127.44 million at a CAGR of 8.43% between 2022 and 2027.
What are the key data covered in this hearing amplifiers market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the hearing amplifiers market between 2023 and 2028.
- Precise estimation of the hearing amplifiers market size and its contribution to the market in focus on the parent market
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Distribution Channel
Market Segmentation by Type
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Website: www.technavio.com
SOURCE Technavio
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