Hearing Aids Market - Competitor Landscape, Growth, Trends & Forecast 2019-2030
Market Industry Reports (MIR) has published a new report
titled “Hearing
Aids Market - Global Industry Analysis, Size, Share, Growth, Trends, and
Forecast, 2019–2030.” According to the report, the global hearing aids market
is estimated to be over US$ 6.5 Bn in 2017. It is anticipated to grow at a CAGR
of 6.6% from 2019 to 2030.
Increasing Geriatric Population
The population of geriatric population across the world has
grown rapidly over the past several decades. Moreover, this growth has
witnessed an unprecedented rate in recent times. In 2016, it was approximated
that the population of individuals aged 65 years or older was 8.5% or 617
million of the entire world population. Furthermore, it is projected that the
figure will witness an increment to 17% i.e. 1.6 billion by the end of 2050.
Such rapid growth of geriatric population is anticipated to present a
remunerative growth opportunity for the global hearing aids market in the
coming times. Since, growing age brings about several ailments associated with
hearing, namely hearing loss, and other hearing problems.
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Major Players in the Hearing aids Market
The prominent players in the global hearing aids market are
Sonova, William Demant Holding A/S, GN Store Nord A/S, Cochlear Ltd., Sivantos
Pte. Ltd., Starkey, WIDEX A/S, SeboTek Hearing Systems, LLC., Audina Hearing
Instruments, Inc. and Horentek other prominent players.
The operating players in the industry are focused on new
product development in order to satisfy the growing consumers’ demands and
boost the industry growth in short period. The report includes other crucial
information, such as real-time information on sales trends, purchasing status,
import and export, supply chain management, investment policies, consumer
spending power, and demographic information on age, gender, income, and more.
Additionally, researchers have focused on geographic details in North America,
Europe, Asia Pacific, Latin America, and Middle East and Africa.
The research
provides answers to the following key questions:
·
What will be the
marketing and pricing strategies followed by the prominent vendors operating in
the Hearing Aids Market for the forecast period, 2019 to 2030?
·
What are new uses
for the existing products or services and how have they contributed in
increasing the demand for products or services?
·
What are the
general conditions prevailing and influencing the business environment of the Hearing
Aids Market?
·
Who are the major
manufacturers exploring new regions for their products and services?
·
What will be the
status of demand and supply and distribution channel requirements worldwide in
the coming years?
·
What will be the
market share of the Hearing Aids Market over the various time periods?
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