03.08.2021 23:00

Global $21.61 Billion Hearing-Aid Devices (Hearing Aid Devices v/s Hearing Implants) Markets to 2026 Featuring Sonova, Demant, GN Store Nord, Cochlear Limited, WS Audiology

Werbung

DUBLIN, Aug. 3, 2021 /PRNewswire/ -- The "Global Hearing-Aid Devices Market, By Type (Hearing Aid Devices v/s Hearing Implants), By Type of Hearing Loss (Sensorineural v/s Conductive), By Product Type, By Technology Type, By Patient Type, By Distribution Channel, By Region, Competition Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.

Research and Markets Logo

The Global Hearing-aid Devices Market stood at USD15.86 billion in value terms in 2020 and is forecast to grow at CAGR of 5.49% to reach USD21.61 billion by 2026.

Growing geriatric population coupled with an increasing incidence of hearing loss are expected to drive the market growth over the next few years.

Additionally, improving healthcare infrastructure, increasing overall healthcare expenditure across different countries around the globe are some of the factors supporting the growth of hearing-aid devices. Moreover, growing trend for customized implants is also a major factor that is driving the hearing-aid devices market. However, low penetration rate of hearing devices hinders growth of this market.

The Global Hearing-aid Devices Market is categorized by type, type of hearing loss, product type, technology type, patient type, distribution channel, and regional distribution. Based on distribution channel, the market is bifurcated into online and offline channels. Offline channel dominated the market in 2020 with a share of around 82.29% and is expected to maintain its dominance during the forecast period also.

This can be ascribed to the fact that while selling through offline channels such as hospital pharmacies, OTC, among others several benefits and value added services are being provided. These include favorable health reimbursement for hearing implantation surgeries, and the increasing penetration of these implants in all sectors of health industry.

Also, selling hearing-aid devices through online channels is banned in few countries. By technology type, the digital devices segment has dominated the market with a share of 79.16% in 2020. This is due to the fact that the analog devices are on the verge of getting obsolete with a slower growth rate and less usage as compared to their digital counterparts.

Due to the onset of COVID-19 and imposition of complete lockdown to mitigate the coronavirus, there has been shutdown of many manufacturing units and disruption in the supply chain resulting in interrupted production and lesser supply of the implants all around the globe. Also, the economy has been adversely affected in many countries resulting in the hinderance to the growth of the hearing-aid devices device market. However, after relief from lockdown market is again going to pick up pace to grow significantly.

Some of the leading players in the market are Sonova Holding AG, Demant A/S, GN Store Nord A/S, Cochlear Limited, WS Audiology A/S and others.

The companies are focusing on extensive research and developments activities to stay competitive in the market. Other competitive strategies include formation of alliances and partnerships.

Report Scope:

Years considered for this report:

  • Historical Years: 2016 - 2019
  • Base Year: 2020
  • Estimated Year: 2021
  • Forecast Period: 2022 - 2026

Global Hearing-Aid Devices Market, By Type:

  • Hearing-Aid Devices
  • Hearing Implants

Global Hearing-Aid Devices Market, By Type of Hearing Loss:

  • Sensorineural
  • Conductive

Global Hearing-Aid Devices Market, By Product Type:

  • Wired
  • Wireless

Global Hearing-Aid Devices Market, By Technology Type:

  • Digital
  • Analog

Global Hearing-Aid Devices Market, By Patient Type:

  • Adult
  • Pediatric

Global Hearing-Aid Devices Market, By Distribution Channel:

  • Online
  • Offline

Global Hearing-Aid Devices Market, By Region:

  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • Germany
  • Italy
  • United Kingdom
  • France
  • Spain
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Middle East & Africa
  • South Africa
  • UAE
  • Saudi Arabia
  • Kuwait

Competitive Landscape

  • Company Profiles: Detailed analysis of the major companies present in the Global Hearing-aid Devices Market
  • Sonova Holding AG
  • Demant A/S
  • GN Store Nord A/S
  • Cochlear Limited
  • Starkey Hearing Technologies
  • RION CO., LTD.
  • WS Audiology A/S
  • Medtronic Plc.
  • Amplifon SpA
  • Eargo Inc.

For more information about this report visit https://www.researchandmarkets.com/r/yc4nqn

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com   

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716

Cision View original content:https://www.prnewswire.com/news-releases/global-21-61-billion-hearing-aid-devices-hearing-aid-devices-vs-hearing-implants-markets-to-2026-featuring-sonova-demant-gn-store-nord-cochlear-limited-ws-audiology-301347387.html

SOURCE Research and Markets

Werbung
Werbung
Werbung
Werbung
Börse Stuttgart Anlegerclub
Werbung

Heute im Fokus

DAX geht unter 15.500 Punkten ins Wochenende -- US-Börsen schließen schwächer -- Cerberus: Interesse an Commerzbank-Staatsanteil -- Vonovia, Deutsche Wohnen, Biotest im Fokus

Drägerwerk: Aussicht auf höhere Dividende. Weiter verschärft: Daimler Truck leidet unter Halbleiter-Engpässen. Tesla-Chef Musk kommt zum Tag der offenen Tür nach Deutschland. Deutsche Bank-Aktie: Sewing entschuldigt sich für scharfe Kritik in Analysten-Studie. HOCHTIEF-Tochter CIMIC erhält Auftrag für Western Sydney Airport. Stimmung der US-Verbraucher hellt sich im September auf. E.ON-Chef setzt auf Netze als Treiber der Energiewende.

Die 5 beliebtesten Top-Rankings

Diese Jobs werden künftig Roboter übernehmen
Billiger als der Mensch.
Bei diesen Unternehmen gibt es in Deutschland das höchste Gehalt
Bei diesen Unternehmen gibt es in Deutschland das höchste Gehalt
Rohstoffe: Die Gewinner und Verlierer im August 2021
Welcher Rohstoff macht das Rennen?
Die 30 weltgrößten Unternehmen
Es gibt hunderte milliardenschwere Unternehmen. Die Top 30.
Jobs mit Zukunft und hohem Gehalt
Hier wird man auch künftig noch gut bezahlt
mehr Top Rankings

Umfrage

Wenn morgen Bundestagswahl wäre, wen würden Sie wählen?

finanzen.net zero
finanzen.net zero

Oskar

ETF-Sparplan

Oskar ist der einfache und intelligente ETF-Sparplan. Er übernimmt die ETF-Auswahl, ist steuersmart, transparent und kostengünstig.
Zur klassischen Ansicht wechseln