This report provides exclusive insights into the COVID-19 impact on the Canal Hearing Aids Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Canal Hearing Aids Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Canal Hearing Aids Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on the canal
hearing aids market provides in-depth analysis of segments and sub-segments in
global as well as regional canal hearing aids market. The study also highlights
the impact of drivers, restraints and macro indicators on the global and
regional canal hearing aids market over the short term as well as long term.
The report is a comprehensive presentation of trends, forecast, and dollar
values of global canal hearing aid market According to report the global canal
hearing aids market is projected to grow at a CAGR of 6.3% over the forecast period
Hearing loss may also result from
genetic causes, complications at birth, certain infectious diseases, chronic
ear infections, the use of particular drugs, use of the modern sound system and ultra-high
definition technologies related music system, exposure to excessive noise, and
aging. Canal in the ear is a tube running from the outer ear to the middle
ear. New technology has developed small miniature hearing devices that are
virtually unrecognizable or undetectable by normal observation.
One of the primary drivers for
this market is the rising use of digital technologies for hearing aids. With
the use of digital technology, the background noise can be eliminated. In some
hearing aids, the background noise can be controlled by using volume controller
and noise blocker. Furthermore, smartphones have been integrated with the hearing
devices that help hearing impairment patients in leading a normal lifestyle.
The digital hearing aids are also equipped with more than one listening
According to the World Health
Organization (WHO), over 5% of the world’s population suffers from disabling
hearing loss totals over 360 million people across the globe. The majority of
these people live in low and middle-income countries, where the access to
healthcare facilities and quality of health organizations is lower than that of
the United States.
On the basis of region, the canal hearing aids market is divided into North America, Europe, ASAP, and the Rest
of the World (RoW). Europe is the dominant player among other regions in canal
hearing market. The rapid rise in geriatric population, growing incidence
prevalence of hearing loss, and high purchasing power of patients is projected
to augment the market in the region. Asia Pacific is expected to grow at the
highest CAGR during the forecast period, on account of improving healthcare
The report on global canal hearing aids market covers segments
such as product, type of hearing loss and patient type. On the basis of the product, the global canal
hearing aids market is categorized into hearing aid devices and hearing
implants. On the basis of the type of hearing loss the global canal hearing aids market
is categorized into sensorineural hearing loss and conductive hearing loss. On
the basis of patient type, the global canal hearing aids market is categorized
into adults and pediatrics.
The report provides regional analysis covering geographies such
as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period
of 2016-2024. The countries covered in the North America region include the
U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India,
South Korea, Malaysia, and among others. Moreover, Germany, U.K., France,
Spain and Rest of Europe are included in the European region. The U.S. drives
the growth in the North America region as it is the largest market in the
region. The Asia-Pacific region offers a substantial potential for the market
growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a
growth at a CAGR of XX% over the period of 2018-2024.
The report provides profiles of the companies in the global
canal hearing aids market such as Zounds Hearing, Sebotek Hearing Systems,
Audina Hearing Instruments, Rion, Horentek, Microson, Arphi Electronics,
Sonova, William Demant, Gn Store Nord and Cochlear.
The report provides deep insights on demand forecasts, market
trends, and micro and macro indicators. In addition, this report provides
insights into the factors that are driving and restraining the global canal
hearing aids market. Moreover, IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of canal hearing
aids market. Moreover, the study highlights current market trends and provides
forecast from 2018-2024. We also have highlighted future trends in the canal
hearing aids market that will impact the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight on the market share of the leading players. This report will help
manufacturers, suppliers, and distributors of the canal hearing aids market to
understand the present and future trends in this market and formulate their