Factors such as high prevalence of hearing loss, rising geriatric population, and technological advancements in hearing aids are driving the global market. This report segments the hearing aids market, type of hearing loss, patient type, and region. Based on the product, the market is segmented into hearing aid devices and hearing implants. The hearing aid devices segment is expected to account for the largest share of the global market in 2017.
This report categorizes the global market into the following segments and subsegments:
Hearing Aids Market, by Product
Hearing Aids Market, by Type of Hearing Loss
Hearing Aids Market, by Patient Type
Hearing Aids Market, by Region
While Europe is expected to dominate the market in 2017, Asia is expected to register the highest CAGR during the forecast period. The high growth in this market is attributed to the high prevalence of hearing loss, availability of technologically advanced hearing aids, growth in the aging population, and increasing initiatives by companies to expand in these emerging economies. While the hearing aids market presents significant growth opportunities, market growth may be hindered due to the high cost of hearing aids and the low penetration of these devices.
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