Asia Pacific Hearing Aids Market

Asia Pacific Hearing Aids Market 2017 Industry Key Trends, Demand, Growth,
Size, Review, Share, Analysis to 2021
According to the report , published by Market Data Forecast. Asia Pacific Hearing Aids
Market size was around USD 1.25 billion in 2016. It is expected to grow at a CAGR of
7.5% to reach USD 1.79 billion by 2021. It captures 20% of the global market
share.Hearing loss is a partial or total inability to hear. Hearing aids are sound-amplifying
devices designed to aid people who have a hearing impairment. Nearly all hearing aids
share numerous close to similar electronic components, including a microphone which
picks up sound along with an amplifier circuitry for enhancing the sound, a miniature
loudspeaker (receiver) which delivers the amplified sound into the ear canal and lastly
batteries which power the electronic parts.
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Apart from the obvious factor of growing incidences, the development of the Asia Pacific
hearing aids market is also affected by factors for example, increasing noise pollutions
levels, High decibel exposure, and Digital enhancement of hearing aids. The rising noise
pollution worldwide has had a major impact on the hearing ability of adults. Noise
emission in heavy duty industries along with public carnivals is likely to damage the
hearing capacity of adults, thus resulting into rise in demand for hearing aids. General
practice of exposing the ear drum with loud music played on headphones or earphones
is a common factor causing hearing problems among the young demographic.
Moreover, people working in high-decibel ergonomic environments for example, airports
or ordnance factories are estimated to suffer from hearing loss due to overexposure. The
demand for hearing aids is also greater among construction worker, due to the loud
drilling and dismantling work. The most recent factor fuelling the development of
enhanced hearing aids is the adding of headphone, Bluetooth, noise cancellation and
several other digital functions in the existing hearing devices. Such technological
advancements have increased the demand for expensive hearing aids with additional
features.
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Market Segmentation
Product
Introduction
Hearing AID Devices
Receiver-In-The-Ear (RITE) Hearing AIDS
Behind-The-Ear (BTE) Hearing AIDS
Canal Hearing AIDS
In-The-Ear (ITE) Hearing AIDS
Other Hearing AIDS
Hearing Implants
Cochlear Implants
Bone-Anchored Systems
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Y-o-Y Growth Analysis, By Product
Market Attractiveness Analysis, By Product
Market Share Analysis, By Product
Type of Hearing Loss
Introduction
Sensorineural Hearing Loss
Conductive Hearing Loss
Y-o-Y Growth Analysis, By Type of Hearing Loss
Market Attractiveness Analysis, By Type of Hearing Loss
Market Share Analysis, By Type of Hearing Loss
End User
Introduction
Adults
Pediatrics
Y-o-Y Growth Analysis, By End User
Market Attractiveness Analysis, By End User
Market Share Analysis, By End User
However, the factors that inhibit the growth of the Asia Pacific hearing aids market
include, poor Diagnosis methods, product deficits, and uncomfortable buzzing and
amplification. The low battery life of hearing aids is one of the major limitation to the
demand of existing products. The consumer is left helpless and deaf, after the battery of
the aid runs out. Improper diagnosis of hearing disorders will lead to lower adoption of
hearing aids because consumer patients will continue to adjust to the hearing
impairment. The evident buzzing and feedback sounds generated by the hearing
devices have proved to upset the users, particularly the elderlies because it distracts
them while having conversations with their family and friends.
On the basis of products, the asia pacific hearing aids market is segmented into
hearing implants and hearing aid devices. The hearing aid devices category is likely to
command the largest share of the market in 2016. Growing technological advancements
and regulatory approvals will fuel the development of this market segment. If we go by
type of hearing loss, the market is categorized into sensorineural and conductive. The
sensorineural category is estimated to command the largest share of this market.
Growth in this category is due to the high prevalence of hearing loss. On the basis of
end-users, the hearing aids market is categorized into adult and paediatric. The adult
category is estimated to command the largest share of the market in 2016. Rising aging
population will propel the growth of this market.
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On the basis of geography the market is segmented into India, China, Korea, Japan and
others. Asia is projected to witness the highest CAGR, with the growth in this market
centred at China and India. The developing countries in Asia-Pacific region, such as
India and China, exhibit potential market expansion opportunities due to various
contributing factors, such as the large patient pool and surge in the aging population,
upsurge in hearing-related problems, increasing awareness amongst the patients, and
developing healthcare infrastructure & services due to the growing government funding.
The major companies in this market include GN Store Nord A/S (Denmark), Cochlear
Limited (Australia), MED-EL (Austria), SeboTek Hearing Systems, Starkey Hearing
Technologies, Inc. (U.S.), Widex (Denmark), William Demant Holding A/S (Denmark),
LLC (U.S.), Sivantos Pte. Ltd. (Singapore), Sonova (Switzerland), and Zounds Hearing,
Inc. (U.S.).
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Asia Pacific Hearing Aids Market size was around USD 1.25 billion in 2016. It is expected to grow at a CAGR of 7.5% to reach USD 1.79 billion by 2021.

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