|COVID-19 Analysis on Hearing Aid Market Report for Q1- 2021 compared to 2020 | Expected to reach USD 2.92 billion by 2025 | Technavio|
|By: PR Newswire Association LLC. - 04 May 2021||Back to overview list
NEW YORK, May 4, 2021 /PRNewswire/ --
The hearing aid market is poised to grow by USD 2.92 billion, and accelerate at a CAGR of almost 7% during 2021-2025. The market records an incremental growth due to the global rise in the number of patients with hearing loss during the forecast period.
Technavio's latest market report estimates include the pre-and post-COVID-19 impact on the hearing aid market. Download FREE Sample Report
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. The growth in the use of binaural hearing aids is one of the major factors propelling the market growth. However, the battery concerns for hearing aids may impede the market growth.
Hearing Aid Market 2021-2025: Vendor Analysis
To help businesses improve their market position, the hearing aid market report provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include Amplifon Ltd, Audina Hearing Instruments Inc., Cochlear Ltd., Demant AS, GN Store Nord AS, MED-EL Elektromedizinische Gerate GmbH, RION Co. Ltd., Sonova Holding AG, Starkey Laboratories Inc., and WS Audiology AS.
Hearing Aid Market 2021-2025: Key Offerings
Learn more about the factors impacting the future of the hearing aid market, enquire before buying: https://www.technavio.com/talk-to-us?report=IRTNTR41078
Hearing Aid Market 2021-2025: Segmentation
The hearing aid market is segmented as below:
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Along with the market data, Technavio offers customizations as per the specific needs of the companies. The following customization options are available for the hearing aid market report:
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