Lucintel's latest market report analyzed that hearing aid provides attractive opportunities in the adult and pediatric patient. The hearing aid market is expected to reach $XX billion by 2028 with a CAGR of 5% to 7%. In this market, digital is the largest segment by technology, whereas adult is largest by patient type. Emergence of novel products including smart linked hearing aids, invisible hearing aids, and AI- and Bluetooth-enabled hearing aids that can be connected to Android or iOS provides strategic growth path in this market.
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Based on technology, the hearing aid market is segmented into analog and digital. The digital segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the growing demand for digital devices that converts acoustic sound waves into digital form based on the listener's needs and facilitating the exact duplication of sound, and rising demand among the consumer as it provides multiple program memories.
Browse in-depth TOC on “Hearing Aid Market”
XX – Tables
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150 – Pages
The Hearing Aid Market is marked by the presence of several big and small players. Some of the prominent players offering hearing aid include Phonak, Benson Hearing, GN Store Nord A/S, Starkey, MED-EL, William Demant Holding A/S, and Medtronic.
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