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Digital Hearing Aids Market by Type (Adult, Childr...

RD Code : 53405

Digital Hearing Aids Market by Type (Adult, Children), Application (Hospital, Medical Center), and Region (North America, Europe, Asia Pacific, South America, Middle East and Africa), Global trends and forecast from 2022 to 2029

Categories: Chemical & Material

Format :

Market Overview

The market for Digital hearing aids has experienced rapid growth in recent years, increasing 2.6% in unit sales over the past year and 2.9% over the past five years to reach 93 million units sold globally in 2021. Over the next five years, product sales will likely increase by 1% per year to reach 100 million units in 2029. Advanced digital hearing aid technology is expected to grow at a CAGR (compound annual growth rate) of 8.4%.

This is a Digital hearing aid that combines the best qualities of both traditional and digital hearing aids. The product has the advanced sound processor chip (ASP) technology that has helped make digital hearing aids the best fitting choice for improving speech understanding and sound quality.

The iHear audio processor is a revolutionary new product that provides superior hearing aid performance in a compact and easy to use design. The iHear has been specifically developed for people whose hearing loss is not considered severe enough to qualify for a standard, behind-the-ear hearing aid. This high-quality amplified hearing aid is designed to help you hear better, more easily and at a lower price. The product is lightweight and very easy to wear, so once you start using it, you won't want to take it off! Our top-quality hearing aid is designed to provide the support you need to make everyday conversations easier, more comfortable and private. Features include a tiny battery that lasts more than two weeks on a single charge, rechargeable batteries that can last up to five days with daily use and an alternative charging option so you never have to worry about running out of power.

Instance Developments

ABBOTT HOSTS CONFERENCE CALL FOR THIRD-QUARTER EARNINGS

Sept. 28, 2022 -- Abbott will announce its third-quarter 2022 financial results on Wednesday, Oct. 19, 2022, before the market opens.

Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 113,000 colleagues serve people in more than 160 countries.

Digital Hearing Aids Market Scope:

Report Data

Digital Hearing Aids Market

Digital Hearing Aids Market Size 2020

USD 10.1 billion

Digital Hearing Aids Market Forecast 2022

USD 10.4 billion

Digital Hearing Aids Market CAGR 2022 - 2029

8.4%

Digital Hearing Aids Market Analysis Period

2022 - 2029

Digital Hearing Aids Market Base Year

2021

Digital Hearing Aids Market Forecast Data

2022 - 2029

Segments Covered

By Type, By Application, And by Regions

Regional Scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Key Companies Profiled

Abbott (US), WIDEX A/S (Denmark), GN Store Nord A/S (Denmark), Sonova (Switzerland), Sivantos (Denmark), Microson (Spain), Horentek (Italy), RION CO. Ltd (Japan), Demant A/S (Denmark), Amplifon (Italy), Starkey. (US), MED-EL Medical Electronics (Austria), Cochlear Ltd. (Australia), SeboTek Hearing Systems, LLC. (US), Audina Hearing Instruments, Inc. (US), Arphi Electronics Private Limited (India), Sound One India (India), Amplicon (UK), MED-EL Medical Electronics (Austria)

Report Coverage

Market Drivers, Market Trends, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

Key market Segments

Segment by type

  • Adult
  • Children

Segment by Application

  • Hospital
  • Medical Center

 


Frequently Asked Questions

What is the future market value of the digital hearing aid market?

The current market value for digital hearing aids market is expected USD 11.3 billion by 2029.

What is the CAGR of the digital hearing aid Market?

The Digital Hearing Aids Market is to grow at a CAGR of 8.4% during the forecast by 2029.

What is the Market segment?

On the basis of technology, the Digital Hearing Aids Market is segmented into Conventional Hearing Aid, Digital Hearing Aid.

Who are the key players operating in the market?

The major players operating in the Digital Hearing Aids Market are Abbott (US), WIDEX A/S (Denmark), GN Store Nord A/S (Denmark), Sonova (Switzerland), Sivantos (Denmark), Microson (Spain, and others.

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