Global Hearing Aids Market | Trends, Analysis, Share

1. Global Hearing Aids Market Growth Propelled by Public Awareness and Initiatives on Hearing Loss According to Inkwood Research, the Global Hearing Aids Market is projected to register a CAGR of 6.74% in terms of revenue during the forecasting years of 2022-2030. “Browse 67 Market Data Tables and 55 Figures spread over 210 Pages, along with an in-depth TOC on the Global Hearing Aids Market Forecast 2022-2030.” VIEW TABLE OF CONTENT LINK -https://www.inkwoodresearch.com/reports/hearing-aids- market/#table-of-contents Hearing loss entails a medical condition wherein a person’s ability to hear thresholds of 25 decibels (dB) is compromised. Several different types of hearing loss are experienced by individuals, ranging from mild to severe. Furthermore, the condition is one of the major causes of the rising disease burden across the globe, as well. REQUEST FREE SAMPLE LINK -https://www.inkwoodresearch.com/reports/hearing-aids- market/#request-free-sample

2. Public Awareness as well as Initiatives on Hearing Loss to Augment Market Growth Public awareness and initiatives associated with hearing loss are mainly introduced worldwide for the early detection of hearing loss as well as the improvement of healthcare. In this regard, the Australian Hearing Hub Members organized several public health activities and initiatives across the country. Likewise, according to the report published by the World Health Organization (WHO), on World Hearing Day 2018, an ear awareness and screening camp was arranged at the Ministry of Health and Family Welfare, New Delhi, as a collective effort for raising awareness surrounding sound hearing. Pharmacies is the Fastest-Growing Distribution Channel Hearing aids are sold by pharmacies as OTC products, in compliance with the regulations of the Food and Drug Administration (FDA). Pharmacies also collaborate with hospitals as well as insurance providers, thus helping with increasing the sales volume of hearing aids. Hearing aids can be purchased from authorized pharmacies and fitted by an audiologist at an ENT clinic or hospital. Moreover, insurance providers like Medicaid and Boots Hearing also partnered with pharmacies, thereby aiding in the bulk purchase of hearing aid products. However, online sales of hearing aids have adversely impacted the market growth, as stated by several major players, including William Demant Holding A/S and Sonova Holding AG. Europe Held the Highest Market Share in 2021 The market growth in Europe is facilitated by the increasing awareness of hearing aids for the treatment of hearing disorders, the availability of technologically advanced devices, various favorable guidelines, as well as improved healthcare infrastructure. Furthermore, the increasing prevalence of hearing loss across the region also plays an integral role in fueling the market’s growth. The intensity of competition within the global market is moderate. While the prices of hearing aids are competitive, companies are also exploring the possibilities of expanding in developing markets through direct sales solutions. Moreover, stable technological progressions further fuel industrial rivalry among existing players. The key companies operating in the market are Cochlear Ltd, Sonova, Siemens AG, etc. About Inkwood Research Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy, with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises North & South America, CEE, CIS, Middle East, Europe, Asia, and Africa. Request for Customization: https://inkwoodresearch.com/request-for-custom-report/ Contact Us https://www.inkwoodresearch.com sales@inkwoodresearch.com

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