Global Hearing Aid Batteries Market 2018-2022
About Hearing Aid Batteries
Based on the battery type hearing aids can be segmented into primary and secondary batteries. During 2017, the primary battery segment accounted for the major share of the hearing aid batteries market. Primary batteries used in hearing aids are non-rechargeable and have to be constantly replaced. Owing to the benefits including high energy density, low discharge rate, and long-lasting battery life under low-power conditions, zinc-air batteries pose as the most ideal choice for customers. With their easy availability and consistent performance in different climatic conditions, the demand for these batteries will increase during the coming years.
Technavio’s analysts forecast the global hearing aid batteries market to grow at a CAGR of 5.59% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global hearing aid batteries market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of hearing aid batteries.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Hearing Aid Batteries Market 2018-2022
Technavio recognizes the following companies as the key players in the global hearing aid batteries market: Duracell, Energizer Holdings, Montana Tech Components, Panasonic, Sivantos, and SPECTRUM BRANDS.
Other Prominent Vendors in the market are: Beltone, ICELLTECH, Miracle-Ear, NEXcell, Renata (a company of The Swatch Group), Sony, Starkey, Toshiba, ZhuHai Zhi Li Baterry, and ZPOWER.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is IT-enabled hearing aid devices. The hearing aid devices market is witnessing significant growth due to the integration of advanced technology. The integartion of Bluetooth is one of the major IT integrations in hearing aid devices and will offer customers various benefits including personalized listening and multiple connection facilities.”
According to the report, one of the major drivers for this market is the increase in online sales of hearing aid devices. With the emergence of e-commerce, individuals across the world are preferring online platforms than brick and mortar stores. E-commerce platforms offer hearing aid devices and batteries at a cheaper price than maximum retail price. This in turn, drives the demand for medical devices in online platforms. Moreover, the ease of buying and the rapid product delivery also drives the demand for hearing aid devices through e-commerce platform.
Duracell, Energizer Holdings, Montana Tech Components, Panasonic, Sivantos, SPECTRUM BRANDS, Beltone, ICELLTECH, Miracle-Ear, NEXcell, Renata (a company of The Swatch Group), Sony, Starkey, Toshiba, ZhuHai Zhi Li Baterry, and ZPOWER.
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