Canal Hearing Aids Market Growing at 5.51% CAGR during 2017 to 2021

2017-2021 Canal Hearing Aids Market report has been prepared based on an in-depth market analysis with inputs from industry experts.

March 23, 2017 /MarketersMedia/ —

The latest trend gaining momentum in the canal hearing aids market is IT application enabled devices are the next big trend. With the advancement in the technology, the niche market of canal hearing aids device has seen a technological transformation. The technology update would help in improving the quality of life and communication in the patients.

Complete report on canal hearing aids market spread across 78 pages, analyzing 4 major companies and provides 49 data exhibits is now available at http://www.reportsnreports.com/reports/917439-global-canal-hearing-aids-market-2017-2021.html .

The analysts forecast the global canal hearing aids market to grow at a CAGR of 5.51% during the period 2017-2021. Canal hearing aids are the devices that are implanted in the ear canal for sound transmission to assist people with hearing loss.

According to the canal hearing aids market report, one of the major drivers for this market is rising incidences of hearing loss. As per the US Census Bureau, the world population is aging rapidly. Out of about 7.3 billion world population in 2015, 8.5% fall under the aging population pool (65 years and above). It has been projected that the aging population is likely to increase by 60% in the next 15 years. Hearing impairment and related problems have been conferred as the second largest health problem, which is increasing over the years.

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The canal hearing aids market report covers the present scenario and the growth prospects of the global marke. To calculate the market size, the report considers the revenue generated from the sales of canal hearing aids used to assist in hearing and other related problems is considered.

The following companies are the key players in the global canal hearing aids market: Sonova, Sivantos, Starkey, and Widex. Other Prominent Vendors in the market are: Aura Hearing Aid, Beltone, Eartone, GN Hearing, Knowles Electronics, MicroTech, Miracle Hearing Aid Clinic, Persona, Shenzhen Sunsky Technology, and Union Hearing Aid Centre.

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Further, the report states that one of the major factors hindering the growth of this market is battery challenges hindering adoption. As per the studies, consumers reported few technical challenges. With these electronic hearing aid devices, the battery has been one of the major points of concern. The Medicines and Healthcare Products Regulatory Agency (MHRA) have issued a warning stating that those who have bought ZeniPower mercury-free hearing aid batteries need to check the best before date on the packs.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Release ID: 180338