Global Hearing Amplifiers Market Size study, by Product (Behind-the-Ear, In-the-Ear) by Sales Channel (Online Retail Sales, Offline Retail Sales) and Regional Forecasts 2022-2028

Global Hearing Amplifiers Market Size study, by Product (Behind-the-Ear, In-the-Ear) by Sales Channel (Online Retail Sales, Offline Retail Sales) and Regional Forecasts 2022-2028

Global Hearing Amplifiers Market is valued approximately USD 80.5 million in 2021 and is anticipated to grow with a healthy growth rate of more than 5.60% over the forecast period 2022-2028. Hearing loss is a critical disease that can lead to dementia, movement difficulties, and falls. The disorder affects the inner ear, which is essential for managing bodily balance, increasing the risk of falls and social isolation owing to difficulty hearing, which may lead to depression and a reduction in overall mental health. A large proportion of the adult population suffers from hearing loss; for example, 15% of all American adults, or 37.5 million people over the age of 18, are deaf. Another important driver for the market is expected to be the increasing prevalence among the younger generation. The growing R&D initiatives performed by important firms are expected to aid growth. The rising frequency of moderate deafness in the adolescent and adult population is one of the key factors driving the market. Increased R&D activity by industry participants to produce enhanced goods will help market expansion over the forecast period. A important factor is the growing need for Personal sound amplification products (PSAP) for the senior population. Hearing loss is a serious concern among the geriatric population, with one in every three persons aged 65 to 74 suffering from some degree of deafness in the United States, and half of the population over the age of 75 suffering from hearing loss, which can be a business opportunity. However, the danger of infection stifles market growth over the forecast period of 2022-2028.

The key regions considered for the Global Hearing Amplifiers Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe emerged as the market leader. The market is being driven by the rapid acceptance of PSAPs due to the increased prevalence of deafness and their use as an alternative to pricey hearing aids. During the predicted period, Asia Pacific is expected to grow the fastest. The increasing frequency of hearing diseases, as well as the development of sophisticated products by key players, are expected to promote market expansion.

Major market player included in this report are:
Beurer GmbH
Etymotic Research, Inc.
Innerscope Hearing Technologies, Inc.
Sound World Solutions
Huizhou Jinghao Electronics Co. Ltd.
Foshan Vohom Technology Co.,Ltd.
Medca Hearing
Sonova Group (Switzerland)
Demant A/S (Denmark)
GN Store Nord A/S (Denmark)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Behind-the-Ear
In-the-Ear

By Distribution Channel:
Online Retail Sales
Offline Retail Sales

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Hearing Amplifiers Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

Beurer GmbH
Etymotic Research, Inc.
Innerscope Hearing Technologies, Inc.
Sound World Solutions
Huizhou Jinghao Electronics Co. Ltd.
Foshan Vohom Technology Co.,Ltd.
Medca Hearing
Sonova Group (Switzerland)
Demant A/S (Denmark)
GN Store Nord A/S (Denmark)

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