Overview and Scope
Hearing amplifiers refer to sound-amplifying equipment designed to assist those
with hearing loss. These wearable, personal sound amplification solutions use a
microphone to capture sounds in the immediate area. They subsequently process
sound and transmit it louder to the listener's ear.
Sizing and Forecast
The hearing amplifiers market size has grown strongly in recent years. It will
grow from $91.72 billion in 2023 to $97.95 billion in 2024 at a compound annual
growth rate (CAGR) of 6.8%. The growth in the historic period can be
attributed to aging population, awareness and education, consumer preferences,
regulatory environment, distribution channels, healthcare access..
The hearing amplifiers market size is expected to see strong growth in the next
few years. It will grow to $132.33 billion in 2028 at a compound annual growth
rate (CAGR) of 7.8%. The growth in the
forecast period can be attributed to innovations in ai and connectivity, global
demographic shifts, telehealth integration, customization and personalization,
economic factors, regulatory developments.. Major trends in the forecast period
include expansion into over-the-counter (otc) market, emphasis on user-friendly
controls, incorporation of health monitoring features, collaboration with
fashion and lifestyle brands..
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Segmentation & Regional Insights
The hearing amplifiers market covered in this report is segmented –
1) By Type: Analog Hearing Aids, Digital Hearing Aids
2) By Design: Behind-The-Ear (BTE), Mini Behind-The-Ear, In-The-Ear (ITE),
In-The-Canal (ITC)
3) By Distribution Channel: Hospital Pharmacies, Online Pharmacies, Other
Distribution Channels
North America was the largest region in the hearing amplifiers market share in
2023. Asia-Pacific is expected to be the fastest-growing region in the forecast
period. The regions covered in the hearing amplifiers market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, Africa.
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Major Driver Impacting Market Growth
The rising geriatric population is expected to propel the growth of the hearing
amplifier market going forward. A geriatric population refers to a group of
older people whose age is 65 or above and who are retired from work. The
growing geriatric population results in an increased demand for hearing aids
due to loss of hearing with the progression of age. One in three persons
between the ages of 65 and 74 and almost half of those over 75 experience
hearing loss, which is a prevalent issue among older folks. For instance, in
October 2020, according to a report published by the United Nations Department
of Economic and Social Affairs, a US-based population statistical agency,
globally there are 727 million people aged 65 or older in 2020, and by 2050, it
is anticipated that this population will have more than doubled to almost 1.5
billion people. Therefore, the rising geriatric population is driving the
growth of the hearing amplifier market.
Key Industry Players
Major companies operating in the hearing amplifiers market report are
International Business Machines Corporation, Microsoft Corporation, OpenText
Corporation, Hyland Software Inc., Box Inc., Adobe Inc., Oracle Corporation,
M-Files Corporation, Newgen Software Inc., Fabasoft AG, Micro Focus
International plc, DocuWare Corporation, Everteam Global Services Inc., GRM
Information Management Services Inc., SER Solutions Deutschland GmbH, Alfresco
Software Inc., Kyocera Corporation, Epicor Software Corporation, Dropbox Inc., Nuxeo Corp., Objective Corporation, ASG
Technologies Group Inc., SpringCM Inc.,
Systemware Inc., Xerox Corporation, Zoho
Corporation, iManage LLC, Veeva Systems Inc.
The hearing amplifiers market report table of contents includes:
1. Executive Summary
2. Hearing
Amplifiers Market Characteristics
3. Hearing
Amplifiers Market Trends And Strategies
4. Hearing
Amplifiers Market - Macro Economic Scenario
5. Global
Hearing Amplifiers Market Size and Growth
.
31. Global Hearing Amplifiers Market Competitive Benchmarking
32. Global
Hearing Amplifiers Market Competitive Dashboard
33. Key
Mergers And Acquisitions In The Hearing Amplifiers Market
34. Hearing
Amplifiers Market Future Outlook and Potential Analysis
35.
Appendix
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