Navigation Links
Hearing Aids Market Analysis by Product (Behind-The-Ear Aids, In-The-Ear Aids, CIC, IIC), by Technology (Analog, Digital) Expected to Reach USD 5,440.5 Million by 2020

San Francisco, California (PRWEB) July 30, 2014

The global market for hearing aids is expected to reach USD 5,440.5 million by 2020, growing at an estimated CAGR of 3.2% from 2014 to 2020, according to a new study by Grand View Research, Inc. Growing global base of geriatric population coupled with increasing prevalence of deafness is expected to serve this market as a primary growth driver. In addition, rapidly increasing usage rates of 100% digital hearing aid technology and patient awareness levels are expected to drive market growth during the forecast period.

Behind-the-ear hearing aids dominated the overall market in terms of share in 2013 at over 55.0%. These hearing aids are used for the treatment of profound hearing loss and are a device of preference when it pertains to the treatment of hearing loss in children. Moreover, high prevalence of hearing loss in children is expected to serve this segment as a high impact rendering driver. According to the U.S. National Center of Health Statistics (NCHS) 12 out of every 1,000 American suffering from hearing loss belong to the age group of below 18 years.

The report “Hearing Aids Market Analysis By Product (Behind-The-Ear Aids, In-The-Ear Aids, Receiver-In-The-Ear Aids, Canal-Hearing-Aids ITC, CIC, IIC), By Technology (Analog, Digital) And Segment Forecasts To 2020,” is available now to Grand View Research customers at

Inquiry before buying at

Further key findings from the study suggest:

  • Canal hearing aids demand is expected to grow at the highest CAGR of over 4.5% during the forecast period. This segment comprises in-the-canal, invisible-in-canal and completely-in-canal aids. Growing number of R&D initiatives aimed at performance enhancement and the increasing demand for invisible and aesthetically appealing hearing aids as a result of changing patient lifestyle habits are some of the factors accounting for its lucrative CAGR.
  • Digital hearing aid technology held the largest share of the technology market in 2013 at over 90.0% in 2013 majorly owing to its relatively higher efficiency and its ability to enable the use of technological advancements such as wireless and Bluetooth technologies.
  • Europe accounted for the largest share of the overall hearing aids market in 2013 at over 40.0% in 2013. Presence of large bases of geriatric population in developed Western European countries with patients holding relatively higher purchasing powers is one of the primary factors attributing to its large share.
  • Asia Pacific on account of the presence of a constantly improving healthcare infrastructure, high unmet medical needs and increasing patient disposable incomes, is expected to grow at the highest CAGR of over 4.5% from 2014 to 2020.
  • Key market players include Sonova Holding AG, William Demant Holding A/S, GN Resound, Widex A/S, and Siemens AG.

Browse all reports of this category at

For the purpose of this study, Grand View Research has segmented the hearing aids market on the basis of product, technology and region:

  •      Hearing Aids Product Outlook
            • In-The-Ear Aids (ITE)
            • Receiver-In-The-Ear Aids (RITE)
            • Behind-The-Ear Aids (BTE)
            • Canal Hearing Aids: In-The-Canal (ITC), Invisible-In-Canal (IIC), Completely-In-Canal (CIC)
  •      Hearing Aids Technology Outlook
            • Digital Hearing Aids
            • Analog Hearing Aids
  •      Hearing Aids Regional Outlook
            • North America
            • Europe
            • Asia Pacific
            • RoW

Browse all Grand View Research ongoing reports at

About Grand View Research

Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058

Latest Reports By Grand View Research:

Breast Pumps Market Analysis By Product (Open System, Closed System), By Technology (Manual, Battery-Powered, Electric Pump), By Application (Personal Use, Hospital Grade) And Segment Forecasts To 2020 (

The global market for breast pumps is expected to reach USD 1,197.7 million by 2020, growing at an estimated CAGR of 7.6% from 2014 to 2020, according to a new study by Grand View Research, Inc. Introduction of innovative technologies including hand free breast pumps, growing women employment rates coupled with growing awareness levels pertaining to the advantages of breast milk are expected to drive breast pump demand over the next six years.

Formaldehyde Market Analysis By Application (UF Resins, PF Resins, MF Resins, Polyacetal Resins, Pentaerythritol, Methylenebis, 1,4-butanediol), By End User (Construction, Automotive, Furniture) And Segment Forecasts To 2020 (

The global formaldehyde market is expected to reach USD 21.03 billion by 2020, according to a new study by Grand View Research Inc. Growth in furniture and construction industry along with increasing concentration in Asia Pacific is expected to be a key driver for the market over the next six years. Fluctuating raw material prices coupled with the increasing consumer awareness regarding harmful effects of formaldehyde is expected to be a major challenge for the market over the forecast period.

Read the full story at

Source: PRWeb
Copyright©2014 Vocus, Inc.
All rights reserved

Related medicine news :

1. Audiology Devices Market Analysis by Product (Cochlear Implants, Bone Anchored Hearing Aids, Hearing Aids, Audiometers) Expected to Reach USD 9,542.3 Million by 2020
2. The HearStrong Foundation Provides Hearing Healthcare Awareness at the NBC 4 New York and New York Giants Health & Fitness Expo 2014
3. H.E.A.R Me Out Listens to Needs of Hearing Impaired
4. Fit for the frontline? New study identifies the hearing requirements of British soldiers
5. Inner ear stem cells hold promise for restoring hearing
6. Hearing loss affects old peoples personality
7. Tinnitus study signals advance in understanding link between loud sounds exposure and hearing loss
8. Hearing loss linked to accelerated brain tissue loss
9. Bill Russell Supports Hearing Health Awareness with the HearStrong Foundation
10. Audiologists at Arizona Balance & Hearing Associates in Phoenix Share Advice for Selecting Hearing Aids for Children
11. Dr. Dennis Kisiel of Audiology Affiliates in Brooklyn NY Launches Weekly Blog Covering Hearing Loss and Hearing Aids
Post Your Comments:
(Date:11/24/2015)... Dallas, Texas (PRWEB) , ... November 24, 2015 , ... ... of all charitable donations are made in the last five weeks of the year ... #GivingTuesday was created in 2012 to connect the nation’s charities with those individuals who ...
(Date:11/24/2015)... ... November 24, 2015 , ... In an article ... and variables that determine which patients are or are not eligible for bariatric surgery. ... a BMI over 40, are more than 100 pounds overweight, or have a BMI ...
(Date:11/24/2015)... (PRWEB) , ... November 24, 2015 , ... DMG Productions ... Ed Begley Jr., airing first quarter 2016 via Discovery Channel. Dates and show times ... the Province, and is in the business of producing and supplying medical marijuana pursuant ...
(Date:11/24/2015)... Church, VA (PRWEB) , ... November 24, 2015 , ... ... — 1:30 p.m. – 3:00 p.m. EST, , FDA has long ... regulations. CLIA regulations apply to performing the tests and do not meet the device ...
(Date:11/24/2015)... ... November 24, 2015 , ... The Trustees, ... paid entry and parking fees at several of their most popular properties, including ... Barrington in support of REI’s Black Friday #OptOutside Campaign. The Trustees encourage families ...
Breaking Medicine News(10 mins):
(Date:11/24/2015)... , Nov. 24, 2015  Natera, Inc. ... non-invasive genetic testing and the analysis of ... will present at the 27 th  Annual ... 2, 2015 at 1:00 p.m. ET.  Matthew Rabinowitz, Ph.D., CEO ... results, business activities and financial outlook. ...
(Date:11/24/2015)... New York , 24. November 2015 ... des Avery Breathing Pacemaker Systems, ist erfreut, ... als Clinical Consultant bekannt geben zu können. ...   --> Foto ... Stockholm (Schweden). Von 1984-1986 war ...
(Date:11/24/2015)... , Nov. 24, 2015   HeartWare International, ... of less-invasive, miniaturized circulatory support technologies that are revolutionizing ... President and Chief Executive Officer Doug Godshall ... th Annual Healthcare Conference on December 1, 2015 ... December 1-2 in New York . ...
Breaking Medicine Technology: