DUBLIN--(BUSINESS WIRE)--Sep 12, 2018--The "Global Hearing Aids Market - Segmented by Product Type, Type of Hearing Loss, Technology, Patient Type, Distribution Channel and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global hearing aids market is expected to register a growth rate of nearly 4.5% during the forecast period 2018-2023.

Growing Prevalence of Hearing Loss

The growing prevalence of hearing loss is one of the primary factor driving the hearing aids market. By 2050, over 900 million people will suffer from disabling hearing loss particularly due to increased noise pollution levels, genetic factors, ear infections, birth complications and other factors.One-third of the population is above 65-year-old and it is majorly in South Asia, Asia Pacific and sub-Saharan Africa region. In Europe, Germany, United Kingdom and France among the countries with the highest population having hearing loss.

Other factors driving this market are technological advancements in hearing aids, the rise in global geriatric population increasing hearing aids usage and increasing trend of customized implants.

Major HighlightsHigh Cost of Hearing Aid Devices - A Major RestraintAsia Pacific is Expected to Provide Large Growth Opportunities

Key Developments in the Market

Sivantos USA collaborated with TruHearing to improve the accessibility to hearing careFennec Pharmaceuticals Inc received breakthrough therapy designation by the US Food and Drug Administration (FDA) for PEDMARKCompanies FeaturedAmplifonAudina Hearing Instruments Inc.Cochlear Ltd.GN Hearing A/SHorentekSeboTek Hearing Systems LLCSiemens AGSonovaStarkeyWidex A/S

Key Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Key Inferences

5. Market Overview

6. Market Dynamics

7. Market Segmentation

8. Competitive Landscape

9. Key Players

10. Future Market Outlook

For more information about this report visit https://www.researchandmarkets.com/research/jd5mgz/the_global?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180912005614/en/

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Related Topics:Hearing Aids and Implants

KEYWORD:

INDUSTRY KEYWORD: HEALTH BIOTECHNOLOGY MEDICAL DEVICES

SOURCE: Research and Markets

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PUB: 09/12/2018 08:47 AM/DISC: 09/12/2018 08:47 AM

http://www.businesswire.com/news/home/20180912005614/en