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Canal Hearing Aids Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

Canal Hearing Aids Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

The report on global canal hearing aids market provides qualitative and quantitative analysis for the period of 2016 to 2024. The report predicts the global canal hearing aids market to grow with a CAGR of 6.3% over the forecast period of 2018-2024. The study on canal hearing aids market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific and RoW for the period of 2016 to 2024.

One of the primary drivers for this market is the rising use of digital technologies for hearing aids. With the use of digital technology, the background noise can be eliminated. In some hearing aids, the background noise can be controlled by using volume controller and noise blocker. Furthermore, smartphones have been integrated with the hearing devices that helps hearing impairment patients in leading a normal lifestyle. The digital hearing aids are also equipped with more than one listening programs.

According to the World Health Organization (WHO), over 5% of the world’s population suffers from disabling hearing loss, totals over 360 million people across the globe. The majority of these people live in low and middle income countries, where the access to healthcare facilities and quality of health organizations is lower than that of the United States.

On the basis of region, the Canal Hearing Aids market is divided into North America, Europe, ASAP, and the Rest of the World (RoW). Europe is the dominant player among other regions in canal hearing market. Rapid rise in geriatric population, growing incidence prevalence of hearing loss, and high purchasing power of patients is projected to augment the market in the region. Asia Pacific is expected to grow at the highest CAGR during the forecast period, on account of improving healthcare infrastructure.

Europe held the largest market share in canal hearing aids market in 2017, in terms of revenue. Better access to healthcare and quality of health organization and presence of several leading hearing devices manufacturing companies in European countries are the driving factors for the growth of the canal hearing aids in Europe. . Meanwhile, the high noise pollution levels in Asia Pacific (APAC) countries such as India, China and Japan is also expected to impact the hearing aids market in the APAC region. APAC region is expected to grow at the highest CAGR during the forecast period.

The report on canal hearing aids market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global canal hearing aids market over the period of 2016 to 2024. Moreover, the report is collective presentation of primary and secondary research findings.

Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global canal hearing aids market over the period of 2016 to 2024. Further, IGR- Growth Matrix given in the report brings an insight on the investment areas that existing or new market players can consider.

According to the World Health Organization (WHO), over 5% of the world’s population suffers from disabling hearing loss. Five percent may seem like a small number, but that totals over 360 million people across the globe. The majority of these people live in low- and middle-income countries, where the access to healthcare and quality of health organizations is lower than that of the United States.

On the basis of region, the Canal Hearing Aids market is divided into North America, Europe, ASAP, and the Rest of the World (RoW). North America region is expected to grow at the top CAGR during the forecast period. ASAP region is expected to grow at the top CAGR during the forecasted period.


Research Methodology
A) Primary Research
Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached through
1. Key Opinion Leaders associated with Infinium Global Research
2. Internal and External subject matter experts
3. Professionals and participants from LinkedIn, Hoovers, Factiva and Bloggers
Our primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.
B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.
The secondary sources of the data typically include
1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered
The global canal hearing aids market is segmented on the basis of product, type of hearing loss and patient type.

Global Canal Hearing Aids Market by Product
Hearing Aid Devices
Hearing Implants
Global Canal Hearing Aids Market by Type of Hearing Loss
Sensorineural Hearing Loss
Conductive Hearing Loss
Global Canal Hearing Aids Market by Patient Type
Adults
Pediatrics

Company Profiles
Zounds Hearing
Sebotek Hearing Systems
Audina Hearing Instruments
Rion
Horentek
Microson
Arphi Electronics
Sonova
William Demant
Gn Store Nord
Cochlear

How this report delivers?
1. Comprehensive analysis of global as well as regional markets of canal hearing aids market.
2. Complete coverage of all the segments in canal hearing aids market to analyze the trends, developments in the global market and forecast of market size up to 2024.
3. Comprehensive analysis of the companies operating in global canal hearing aids market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. IGR- Growth Matrix presents analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.


The report on canal hearing aids market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global canal hearing aids market over the period of 2016 to 2024. Moreover, the report is collective presentation of primary and secondary research findings.

Company Profiles
Zounds Hearing
Sebotek Hearing Systems
Audina Hearing Instruments
Rion
Horentek
Microson
Arphi Electronics
Sonova
William Demant
Gn Store Nord
Cochlear

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