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View Report SummaryGlobal hearing aid devices market is anticipated to grow at CAGR of 7.7% through 2027. The global hearing-aid devices market is expected to witness significant growth in the next few years on account of the growing prevalence of hearing problems, increasing geriatric population, among others. Additionally, growing healthcare expenditure coupled with increasing health consciousness among the population worldwide is expected to further increase the demand for global hearing-aid devices market.
Based on style, the market is segmented into behind-the-ear-aids, In-the-ear-aids, In-the-canal-aids, and on-the-ear-aids. In terms of different hearing aid styles, the behind-the-ear-aids is expected to generate highest growth during the forecast period. This can be ascribed to their ease of use, better connectivity and higher efficiency. Additionally, behind-the-ear-aids are useful in a wide range of applications and target wider patients. Also, they are considered ideal for patients with hearing loss over the other styles of hearing aids.
Some of the companies operating in the global hearing aid market include Sonova Holding AG, Demant A/S, GN Store Nord A/S, Cochlear Limited, Starkey Hearing Technologies, Rion Co., Ltd., WS Audiology A/S, Medtronic Plc, Amplifon SpA, Eargo Inc.