CHICAGO, July 30, 2021 /PRNewswire/ — According to the new market research report “Hearing Aids Market by Product Type [Aids (Receiver,Behind the Ear, In the Canal, In the Ear Aids), Implants (Cochlear, Bone-anchored)], Type of Hearing Loss (Sensorineural, Conductive), Patient Type (Adults, Pediatrics), Region – Global Forecast to 2026″, published by MarketsandMarkets™, the global Hearing Aid Devices Market is projected to reach USD 10.2 billion by 2026 from USD 7.5 billion in 2021, at a CAGR of 6.4%.
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243 – Tables
51 – Figures
238 – Pages
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The growing prevalence of hearing loss, the increasing adoption of smart hearing aids due to the rising incidence of noise-induced hearing loss, and technological advancements in hearing aids are among the major factors propelling the growth of this market. Emerging economies such as China, India, and Japan are providing lucrative opportunities for the players operating in the market.
The hearing aid devices segment accounted for the largest share of the market, by product segment, in 2020
Based on product, the hearing aids market is segmented into hearing aid devices and hearing implants. The hearing aid devices segment accounted for the largest share of the market in 2020. Factors such as the increasing number of product approvals, rising geriatric population, and increasing technological…