(Health-NewsWire.Net, September 22, 2018 ) The global Hearing Aids Market was valued at USD 6.34 billion in 2016 and is projected to reach USD 11.53 billion by 2025, growing at a CAGR of 6.87% from 2017 to 2025.
A Hearing Aid device is of immense utilization for older age groups who lose out on their ability to listen. The major driver for the market is thus growing the geriatric population. Another factor which drives the growth of the market is modern developments associated with hearing aid technologies causing the end users to adopt the devices.
The cost associated with high tech devices could restrain some of the users to utilize the devices. Besides, lack of penetration of these devices in some of the under-developed markets has also restricted its growth.
Competitive Landscape:
The major players in the market are as follows:
Sonova William Demant Gn Store Nord Cochlear Sivantos Starkey Widex Med-El Zounds Hearing Sebotek Hearing Systems Audina Hearing Instruments Rion Horentek Microson Arphi Electronics
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