How Global Hearing Aid Market Is Positioned?
The Global Hearing Aid Market is emerging. However, the competition in the market is moderately concentrated at the global level as there are around ~ manufacturers of Hearing Aid Devices and Hearing implants that covers more than ~% of the Global hearing aid market in the year 2018. According to the data published by WHO in 2018, the total number of Hearing Loss patients is around ~ million people worldwide that is ~% of the world’s population out of which ~ million are children.
The growth in Global Hearing Aid devices is primarily driven by the technological innovations in the hearing aid market. The growth in Hearing Implants market was seen largely in the US, UK, Australia, Japan and some of the Western European countries. Cochlear limited reported ~% growth in units of hearing implants in the emerging markets. The global hearing aid market is marked by the challenge from sales of hearing aid devices from smaller manufacturing companies on e-commerce platforms which are largely regarded as unauthorized by the leading global manufacturers in hearing aid market. The adoption rate of hearing aid devices by the hearing impaired individuals has increased over the years from ~% in 2015 to ~% in 2017. The Hearing Aid Market at global level grew from USD ~ million in 2013 to USD ~ million in 2018. The Global Hearing Aid Market grew at a CAGR of ~% in terms of value during the period 2013-2018 and was observed largely due to technological developments and acquisitions in the industry.
How Is The Global Hearing Aid Market Segmented?
By Type of Hearing Aid
Hearing Aid Devices Market at global level grew from USD ~ million in 2013 to USD ~ million in 2018. The Global Hearing Aid Devices Market increased at a CAGR of ~% in terms of value during the period 2013-2018 largely due to technological developments and government reimbursement programmes. On the other hand, The Hearing Implants Market at global level grew from USD ~ million in 2013 to USD ~ million in 2018. The Global Hearing Aid Devices Market grew at a CAGR of ~% in terms of value from 2013-2018.
By Type Hearing Aid Devices
The ear segment of hearing aid devices Market at global level grew from USD ~ million in 2013 to USD ~ million in 2018. The hearing aid devices by ear grew at a CAGR of ~% in terms of value during the period 2013-2018. On the other hand, By Canal Type of hearing aid devices are the customized devices wherein the device is located in the canal of the ear. The canal hearing aid devices constitutes ~% revenue share in the hearing aid devices market.
By Region
The America cover ~% of the revenue share in in Global Hearing Aid Market in 2018. The market contribution remains the highest from the U.S. in global hearing aids market. The market size has grown significantly from USD ~ million in 2013 to USD ~ million in 2018 at a CAGR of ~% during the period 2013-18. The revenue share increased with the significant developments and the setup of new production centers so as to increase the company’s reach. However In 2018, Asia-Pacific region holds ~% of the revenue share in the Global Hearing Aid market. Middle East region accounted mere revenue share of ~% in the Global Hearing Aid market.
By Type of Distribution Channel
Audiology and ENT clinics segment in distribution channel of hearing aid devices in 2018 accounted ~% of the revenue share. The hearing aid devices market in audiology and ENT clinics is one of the advanced distribution channels for the sales of hearing aid devices. Hospitals segment in the distribution channel of hearing aid devices hold second highest revenue share of ~%. On the other hand, Pharmacies segment in the distribution channel of hearing aid devices accounted a mere revenue share of ~% in the year 2018.
By Type of Hearing Aid Device
The ear segment of hearing aid devices Market at global level increased from USD ~ million in 2013 to USD ~ million in 2018. The hearing aid devices by ear increased at a CAGR of ~% in terms of value during the period 2013-2018. The major categories by Ear hearing aid devices include BTE, ITE and RIC. The canal hearing aid devices constitutes ~% of revenue share in hearing aid devices market in the year 2018. By Canal hearing aid devices market has increased at a CAGR of ~% in terms of value during 2013-2018.
By Ear and by Canal device Type
BTE hearing aid devices Market at global level increased from USD ~ million in 2013 to USD ~ million in 2018. On the other hand, RIC hearing aid devices covers ~% of the share in revenue from the ear hearing aid devices segment and covers the second highest revenue share among all three types. ITE hearing aid devices covers ~% of the share in revenue from the ear hearing aid devices segment.
IIC and CIC hearing aid devices covers ~% of the market share in revenue from the canal hearing aid devices segment in 2018. The canal hearing aid devices holds a lower percentage share as compared to by ear hearing aid devices. On the other hand, ITC accounted mere revenue share of ~% in the canal hearing devices segment.
For more information, refer to below link:
Hearing Aid Market Research Report
Related Reports
Global Canal Hearing Aids Market Analysis 2013-2018 and Forecast 2019-2024
Global Pediatric Hearing Aids Market Status and Future Forecast 2015-2024
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