Smart Hearing Aids Segmentation
Product Type (In the Ear Hearing Aids, Receiver in the Ear Hearing Aids, Behind the Ear Hearing Aids, Canal Hearing Aids)
Based on product type, the canal hearing aids segment in the smart hearing aids market is likely to register rapid revenue growth during the forecast period. Canal hearing aids are gaining popularity due to their discreet design, comfortable fit, and natural sound experiences. Key players are focused on incorporating advanced features in the canal hearing aids. For example, in September 2024, Nano Hearing Aids announced the launch of the Completely in Canal (CIC) hearing aids, the smallest CIC hearing aid with auto-on with power on delay and improved push-button replacement.
Type of Hearing Loss (Sensorineural hearing loss, Conductive hearing loss)
The sensorineural hearing loss segment is attributed to garner the highest revenue share by 2037 owing to the increasing geriatric population across the globe. According to the data published by the National Library of Medicine in August 2023, the incidence of sensorineural hearing loss (SNHL) is rapidly increasing, affecting 5-27 per 100,000 people in the U.S. every year. Companies in the market are heavily investing in developing advanced solutions to cater to the rising demand. For instance, GN Hearing, a global leader in hearing aid innovation announced the launch of ReSound OMNIA, a novel hearing aid platform that provides better hearing in noisy environments.
Our in-depth analysis of the global smart hearing aids market includes the following segments:
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