Global Hearing Amplifiers Market is expected to reach USD
78.2 million by 2022, according to a new study by Grand View Research Inc.
Growing prevalence of deafness and hearing disorders and the increasing cost of
hearing aids are expected to drive the hearing amplifiers market over the forecast
period. Hearing amplifiers are relatively cheaper products and therefore, are
more preferred in patients with manageable deafness severities. For instance,
the ASP of hearing amplifier amounts to USD 200, as opposed to hearing aids
priced at approximately USD 450 to 1,000. Rising R&D investments aimed at
new product development in congruence with the changing consumer dynamics is
expected to significantly contribute towards expedited market growth.
Browse Details of Report @
http://www.grandviewresearch.com/industry-analysis/hearing-amplifiers-market
http://www.grandviewresearch.com/industry-analysis/hearing-amplifiers-market
Further key findings from the study suggest:
- On the
ear hearing amplifiers were the largest product segment of the market in
2014. The fact that, on the ear hearing amplifiers are comfortable to use,
render high connectivity and are user-friendly is expected to drive
segment growth over the forecast period.
- In the
ear hearing amplifiers are identified as the most lucrative product
segment of the market. In the ear hearing amplifiers allow clear
perception of surrounding voice as it blocks the entire ear cavity and
prohibit the passage of the user’s own voice and this is expected to serve
the segment as a driver. Moreover, these devices score high on the
consumer preference matrix owing to their aesthetic appeal.
- Asia
Pacific is expected to spearhead future market growth. The increasing
prevalence of deafness especially in the geriatric population and growing
retail healthcare industry in emerging countries such as India and China
are some factors attributing to region’s rapid market growth.
- China
is expected to witness the fastest growth over the forecast period. As per
the National Bureau of Statistics of China, approximately 185 million are
over the age of 60. According to the United Nations study of 2007, by
2025, 64 elderly for every 100 workers is the estimated ratio in China. In
2003, as per a study of the United Nations Children's Fund (UNICEF),
approximately 10% of the population had hearing loss. The Second China
National Survey on Disability by the China Disabled Persons' Federation
(CDPF) identified 20.04 million people as “hearing impaired”. Growing
population in China and introduction of technologically advanced devices
are expected to drive the market over the forecast period.
- Key
players of the hearing amplifiers market include Resound, SoundHawk,
Shenzhen LA Lighting Company Limited, Austar Hearing Science And
Technology (Xiamen) Co., Ltd., Ziphearing and Huizhou Jinghao Electronics
Co. Ltd.
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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