Published on : Aug 10, 2017
Albany, New York, August 10, 2017: The report, titled “2017-2022 Digital Hearing Aid Report on Global and United States Market, Status and Forecast, by Players, Types, and Applications.” The report serves as a repository of analysis and information pertaining to trends and opportunities in the global and United States digital hearing aids market.
The growing prevalence of hearing loss along with the soaring demand for technologically advanced devices is the primary growth stimulant of the global and United States digital hearing aids market. The cases of deafness are mounting due to the several factors, including increased noise pollution levels, ear infections, birth complications, and genetic factors. Besides this, the growing population of geriatrics across the globe is also escalating the development of the market as aged people are more susceptible to hearing loss. The spiraling demand coupled with the increased spending on technologically advanced and aesthetically appealing devices is propelling the market.
The global and United States digital hearing aids market is expected to register healthy growth in the coming years. Digital hearing aids are acknowledged worldwide for their ability to offer improved listening experience in noisy environments and wireless connectivity with smartphones. On the flip side, the social stigma associated with the usage of hearing aids coupled with the low awareness levels, especially in developing and less-developed countries, is limiting the market from realizing its utmost potential.
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Nevertheless, to address the social stigma, several manufacturers are developing miniature devices that can be embedded in ears, making them almost invisible. This is, therefore, likely to shape the future of the market. Moreover, the emergence of digital signal processing is creating ample growth opportunities for the global and United States digital hearing aids market.
On the basis of product, the global and United States digital hearing aid market is divided into behind-the-ear, on-the-ear, and in-the-ear. Behind-the-ear is poised to command a substantial share in the market throughout the forecast horizon. Their early introduction, better connectivity, and high efficiency provide them an edge over other segments. On the other hand, the in-the-ear segment is estimated to exhibit a noteworthy CAGR during the same period, owing to the burgeoning demand for miniature and aesthetically appealing hearing aids.
Based on end users, the market is segmented into children and adult. From the geographical standpoint, the market is classified into North America, United States, Asia Pacific, Europe, the Middle East and Africa, and Latin America. While the U.S. is the frontrunner in North America, the country is also a significant revenue contributor in the global arena. Rapid technological advancements and widening base of geriatrics are contributing to the growth of the U.S. digital hearing aids market. In the global landscape, Asia Pacific will hold a prominent position, with China and India at forefront of growth.
Some of the prominent companies operating in the global and United States digital hearing aids market are Oticon, ReSound, Signia, Phonak, Widex, Starkey, Lyric, Sonic, Siemens, Unitron, SeboTek, Earlens, Cochlear, Persona Medical, Esteem, Audifon, and IHEAR.
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