These 6 leading players in the global hearing aids market are not listed in the US of A mkt.
Sonova Holding AG, the William Demant Holding Group, Widex A/S, GN ReSound, and Siemens Healthcare.
ALBANY, New York, Feb. 12, 2019 /PRNewswire/ -- According to the report published by Transparency Market Research, the global hearing aids market is anticipated to rise at 4.5% CAGR during the forecast tenure from 2016 to 2024. By rising at this rate, the valuation of the market is expected to reach US$7 bn by the end of 2024. In 2015, the valuation of the market was US$4.7 bn.
According to World Health Organization (WHO), about 466 million people around the world (i.e. 5% of the global population) have a hearing loss that is disabled, a significant percentage of which are children. The dynamic lifestyle changes and the rising demand for hearing aids will boost the international market sales of these products. Introduction and implementation of new and innovative auditory products, such as digital waterproof hearing aids, will promote the growth of the auditory aid market in the forecast period.
Online Distribution Channel to Emerge Key Market Trend
The internet penetration supports the development of websites for e-commerce that sell listening aids to end-users. There is growing demand for these products from online websites fuelling the global hearing aid market. Online distribution will raise suppliers ' revenue and reduce the waiting time in hospitals and clinics for patients.
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