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Smart Hearings Aids Market Share

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Report ID: 597
Published Date: Jul 22, 2024
Report Format: PDF, PPT

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Smart Hearings Aids Market Share

Regionally, the global smart hearing aids market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America is projected to hold the largest market share by the end of 2036. The growth of the market in the region can be attributed to the high incidence rate of hearing loss in the US and the increased adoption of hearing aids. According to the reports published by NIDCD, 1 in 8 people in the United States (13%) aged 12 years or older has hearing loss in both ears.

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Smart Hearing Aids Market Size & Share, Growth Forecasts 2036

Author Credits: Radhika Pawar

Report ID: 597
Published Date: Jul 22, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of smart hearing aids is assessed at USD 11.68 Billion.

The smart hearing aids market size was valued at USD 10.85 Billion in 2023 and is likely to reach USD 31.33 Billion by the end of 2036, registering around 8.5% CAGR during the forecast period i.e., between 2024-2036. Growing prevalence of hearing loss and incorporation of digital smart technologies are the major factors of the market growth.

North America is expected to dominate majority industry share by 2036, propelled by high incidence rate of hearing loss in the US and the increased adoption of hearing aids.

MED-EL Elektromedizinische GerÃ¤te GmbH, Benson Medical Instruments, Sivantos private ltd., William Demat Holding A/S, Sonova Holding AG, GN store Nord A/S, Starkey Laboratories, Inc., Medtronic plc, Widex USA. Inc., Sonic Corporation

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