Pune, April 06, 2022 (GLOBE NEWSWIRE) -- The global hearing aids market is driven by increasing incidences and prevalence of hearing loss, focus of market players in introducing new and innovative products and availability of rising geriatric population are some of the major factors driving the market. However, high cost of device is likely to restrain the market to certain extent.
Hearing Aids Market by Regions
The global hearing aids can be segmented into North America, Europe, Asia Pacific, and Rest of World (ROW). Europe dominated the market of hearing aids, followed by North America and Asia Pacific. The dominant market share of this region can be attributed to several factors, namely high disposable income, better awareness among the population and high prevalence of hearing related ailments. However, Asia Pacific is expected to witness the highest CAGR, with the growth in this market centered at China, India, and Japan. Factors such as the rising focus of major players in emerging Asian countries, improving healthcare systems, soaring population, adoption of latest technologies, increasing disposable incomes and supportive government regulations are driving the growth of the hearing aids in this region.
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COMPANY PROFILES (Business Overview, Products/Services Offered, Financial Performance, R&D Intensity, Marketing & Sales Intensity, Recent Developments, Analyst Corner)*
- Sonova
- William Demant Holding A/S
- GN Store Nord A/S
- Cochlear Ltd.
- Sivantos Pte. Ltd.
- Starkey
- WIDEX A/S
- SeboTek Hearing Systems, LLC.
- Audina Hearing Instruments, Inc.
- Horentek
Vendor Assessment
Vendor assessment includes a deep analysis of how vendors are addressing the demand in the Hearing Aids Market. The MDC CompetetiveScape model was used to assess qualitative and quantitative insights in this assessment. MDC's CompetitiveScape is a structured method for identifying key players and outlining their strengths, relevant characteristics, and outreach strategy. MDC's CompetitiveScape allows organizations to analyze the environmental factors that influence their business, set goals, and identify new marketing strategies. MDC Research analysts conduct a thorough investigation of vendors' solutions, services, programs, marketing, organization size, geographic focus, type of organization and strategies.
Technology Assessment
Technology dramatically impacts business productivity, growth and efficiency.Technologies can help companies develop competitive advantages, but choosing them can be one of the most demanding decisions for businesses. Technology assessment helps organizations to understand their current situation with respect to technology and offer a roadmap where they might want to go and scale their business. A well-defined process to assess and select technology solutions can help organizations reduce risk, achieve objectives, identify the problem, and solve it in the right way. Technology assessment can help businesses identify which technologies to invest in, meet industry standards, compete against competitors.
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Business Ecosystem Analysis
Advancements in technology and digitalization have changed the way companies do business; the concept of a business ecosystem helps businesses understand how to thrive in this changing environment. Business ecosystems provide organizations with opportunities to integrate technology in their daily business operations and improve research and business competency. The business ecosystem includes a network of interlinked companies that compete and cooperate to increase sales, improve profitability, and succeed in their markets. An ecosystem analysis is a business network analysis that includes the relationships amongst suppliers, distributors, and end-users in delivering a product or service.
Regions and Countries Covered
North America (US, Canada), Europe (Germany, UK, France, Spain, Italy, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, Rest of Asia-Pacific), and Rest of the World (RoW)
Report Coverage
Hearing Aids Market Dynamics, Covid-19 Impact on the Hearing Aids Market, Vendor Profiles, Vendor Assessment, Strategies, Technology Assessment, Product Mapping, Industry Outlook, Economic Analysis, Segmental Analysis, Hearing Aids Market Sizing, Analysis Tables
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Vendor Profiles Covered
All Major Tier-1, Tier-2, and Tier-3 companies are covered in this Hearing Aids Market report (25 Vendor Profiles)
Additional vendors profiles can be added based on client business requirements
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Key Questions Answered in This Report:
- What is the potential of the Hearing Aids Market?
- What is the impact of COVID-19 on the global Hearing Aids Market?
- What are the top strategies that companies adopting in Hearing Aids Market?
- What are the challenges faced by SME’s and prominent vendors in Hearing Aids Market?
- Which region has the highest investments in Hearing Aids Market?
- What are the latest research and activities in Hearing Aids Market?
- Who are the prominent players in Hearing Aids Market?
- What is the potential of the Hearing Aids Market?
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