In a recent published report, Kenneth Research has updated the market report for Hearing Aid Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Hearing Aid Market products.
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Kenneth Research has recently added a report titled Hearing Aid Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2021 2030. Factors such as the growing advancements in the development of novel drugs, coupled with the growing health infrastructure in several nations worldwide are anticipated to drive the growth of the market in the coming years. Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth.
According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Receiver in the Ear hearing aid has been witnessing growth at a noteworthy rate over the past few years backed by production of natural sound without noise and feedback, automatic nature of adjustment to external environment and availability of wireless and telecoil options associated with it. Amongst the regions, Europe accounts for the largest regional share, by value in the global hearing aid market in 2018. Key factors driving the robust growth rate of Europe include rising geriatric population, larger uptake of ototoxic medications and wide presence of hearing aid companies in the region.
The report titled “Global Hearing Aid Market : World Market Review and Analysis By Technology (Analog, Digital), Product Type(Behind the Ear, In the Ear, Receiver in the Ear, In the Canal, Completely in the Canal, Others), Type of Hearing Loss (Conductive, Sensorineural), End-User (Pediatric, Adult), Sales Channel (Independent Sellers, Retailers, Wholesale, E-Commerce, Hospital Pharmacy, Others) – 2019 Edition:
Opportunities and Forecast (2014-2024) – By Region (North America, Europe, Asia Pacific, ROW), By Country (US, Canada, UK, Germany, China, Japan, India, Brazil)”, has covered and analyzed the potential of Global Hearing Aid market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global Hearing Aid market. Additionally, the report also highlights market entry strategies for various companies across the globe.
Scope of the Report
Global Hearing Aid Market (Actual Period: 2014-2018, Forecast Period: 2019-2024)
>> Global Hearing Aid Market – Size, Growth, Forecast
>> By Product Type (Behind the Ear, In the Ear, Receiver in the Ear, In the Canal, Completely in the Canal, Others)
>> By Type of Hearing Loss (Conductive, Sensorineural)
>> By Technology (Analog, Digital)
>> By Distribution Channel (Independent Sellers, Retailers, Wholesale, E- Commerce Hospital Pharmacy Others)
>> By End User (Pediatric, Adult)
Regional Markets – North America, Europe, APAC, Rest of the World (Actual Period: 2014-2018, Forecast Period: 2019-2024)
>> Regional Hearing Aid Market – Size, Growth, Forecast
>> By Product Type (Behind the Ear, In the Ear, Receiver in the Ear, In the Canal, Completely in the Canal, Others)
>> By Type of Hearing Loss (Conductive, Sensorineural)
>> By Technology (Analog, Digital)
>> By Distribution Channel (Independent Sellers, Retailers, Wholesale, E- Commerce Hospital Pharmacy Others)
>> By End User (Pediatric, Adult)
- Other Report Highlights
- Market Dynamics – Drivers and Restraints
- Market Trends
- Porter Five Force Analysis
- Policy and Regulatory Landscape
- Company Analysis –Sonova Holding AG, Sivantos Pte Ltd, G.N. Store Nord, Starkey Hearing Technologies, William Demant Holding A/S, Widex A/S, Cochlear Limited,Amplifon SpA, Med-El, RION Co. Ltd.
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research
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