Global Hearing Aids Market | Trends, Analysis, Share

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Global Hearing Aids Market Growth Propelled by
Public Awareness and Initiatives on Hearing Loss
According to Inkwood Research, the Global Hearing
Aids Market is projected to register a CAGR of
6.74 in terms of revenue during the forecasting
years of 2022-2030. Browse 67 Market Data Tables
and 55 Figures spread over 210 Pages, along with
an in-depth TOC on the Global Hearing Aids Market
Forecast 2022-2030. VIEW TABLE OF CONTENT LINK
- https//www.inkwoodresearch.com/reports/hearing-
aids- market/table-of-contents Hearing loss
entails a medical condition wherein a persons
ability to hear thresholds of 25 decibels (dB) is
compromised. Several different types of hearing
loss are experienced by individuals, ranging from
mild to severe. Furthermore, the condition is one
of the major causes of the rising disease burden
across the globe, as well.
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Public Awareness as well as Initiatives on
Hearing Loss to Augment Market Growth Public
awareness and initiatives associated with hearing
loss are mainly introduced worldwide for the
early detection of hearing loss as well as the
improvement of healthcare. In this regard, the
Australian Hearing Hub Members organized several
public health activities and initiatives across
the country. Likewise, according to the report
published by the World Health Organization (WHO),
on World Hearing Day 2018, an ear awareness and
screening camp was arranged at the Ministry of
Health and Family Welfare, New Delhi, as a
collective effort for raising awareness
surrounding sound hearing. Pharmacies is the
Fastest-Growing Distribution Channel Hearing aids
are sold by pharmacies as OTC products, in
compliance with the regulations of the Food and
Drug Administration (FDA). Pharmacies also
collaborate with hospitals as well as insurance
providers, thus helping with increasing the sales
volume of hearing aids. Hearing aids can be
purchased from authorized pharmacies and fitted
by an audiologist at an ENT clinic or hospital.
Moreover, insurance providers like Medicaid and
Boots Hearing also partnered with pharmacies,
thereby aiding in the bulk purchase of hearing
aid products. However, online sales of hearing
aids have adversely impacted the market growth,
as stated by several major players, including
William Demant Holding A/S and Sonova Holding
AG. Europe Held the Highest Market Share in
2021 The market growth in Europe is facilitated
by the increasing awareness of hearing aids for
the treatment of hearing disorders, the
availability of technologically advanced devices,
various favorable guidelines, as well as improved
healthcare infrastructure. Furthermore, the
increasing prevalence of hearing loss across the
region also plays an integral role in fueling the
markets growth. The intensity of competition
within the global market is moderate. While the
prices of hearing aids are competitive, companies
are also exploring the possibilities of expanding
in developing markets through direct sales
solutions. Moreover, stable technological
progressions further fuel industrial rivalry
among existing players. The key companies
operating in the market are Cochlear Ltd, Sonova,
Siemens AG, etc. About Inkwood Research Inkwood
Research specializes in syndicated customized
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business environments. Our geographical analysis
comprises North South America, CEE, CIS, Middle
East, Europe, Asia, and Africa. Request for
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