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Hearing aid refers to a tiny electronic device that the patient carries inside or behind your ear. The device certain sounds louder so, that a hearing loss patient can understand, communicate and participate more effectively and actively in daily operations. They can help people learn more in both quiet and noisy situations and includes three basic components: A microphone, an amplifier and a projector.
Key Growth Drivers:
The increased incidence of hearing loss across the region acts as one of the major factors driving the growth of hearing aid market. The adoption of smart hearing aids due to the rising incidence of noise-induced hearing loss and rise in awareness and Initiatives about hearing aid devices among population accelerate the market growth. The implementation of digital technology coupled with the introduction of products that integrate cochlear implant and hearing aid technology and technological advancements in hearing aids further influence the market. Additionally, surge in healthcare expenditure, growth in awareness, increase in demand for more precision therapies and growth in the geriatric population positively affects the hearing aid market. Furthermore, introduction of aesthetically appealing designs, and launch of innovative product variations extend profitable opportunity to the market players in the forecast period of 2022 to 2029.
On the other hand, high cost associated with the hearing aids is expected to obstruct the market growth. The shortage of trained professionals is projected to challenge the hearing aid market in the forecast period of 2022-2029.
The report outlines the involvement of key players, including:
Some of the major players operating in the hearing aids market report are Sonova, Demant A/S, GN Store Nord A/S, Cochlear Ltd, Siemens AG, Starkey, Widex A/S, MED-EL, Rion Co., Ltd., Horentek, Microson, Tondi Electronics AS, Sonion, Bernafon, and Oticon A/S, among others.
Key Market Segmentation
- On the basis of product type, the hearing aid market is segmented into receiver in the ear (RITE), in the ear (ITE), canal hearing aids (CHA), and other hearing aid devices.
- On the basis of type of hearing loss, the hearing aid market is segmented into sensorineural hearing loss, conductive hearing loss.
- On the basis of technology, the hearing aids market is segmented into conventional hearing aids, digital hearing aids.
- On the basis of patient type, the hearing aid market is segmented into adults and pediatrics.
The Europe Hearing Aid market report includes the following countries in different regions:
The regions mentioned above encompass a comprehensive coverage of key markets, offering a global perspective on the market landscape. Here's an overview of the regions and the countries they include:
The countries covered in the Europe hearing aids market report are Germany, U.K., France, Italy, Spain, Netherlands, Russia, Switzerland, Turkey, Austria, Norway, Hungary, Lithuania, Ireland, Poland and Rest of Europe.
Germany dominates the Europe hearing aids market due to the technological advancements in the region.
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