Europe Hearing Amplifiers Market Size, Share & Industry Trends Analysis Report By Product (Behind-the-ear, and In-the-ear), By Type (Analog and Digital), By Distribution Channel, By Country and Growth Forecast, 2021 - 2027
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Market Report Description
The Europe Hearing Amplifiers Market would witness market growth of 4.0% CAGR during the forecast period (2021-2027).
Hearing amplifiers have recently evolved to include a number of user-friendly features that provide novel solutions and increased application. Recent advancements, for example, have enabled smartphone connectivity, allowing users to have better phone conversations while simultaneously keeping track of their cognitive hearing and mental health. Moreover, this technology enables sound isolation by removing undesirable sounds, resulting in a better user experience.
Sound World Solutions has released the CS10, a hearing solution with Bluetooth and an iPhone platform that is designed to enhance and raise the sound intensity for hearing challenged people via a mobile app that can be customized. Additionally, it seeks to improve listening in a variety of scenarios, including business meetings, family gatherings, phone calls, and watching television. As a result, technical improvements in the hearing amplifiers business are expected to accelerate the industry's growth in the near future.
Some of the key trends of the regional market are the rising prevalence of deafness, the introduction of technological breakthroughs, and the resulting increase in awareness. According to the WHO, the prevalence of hearing impairment in adults is 16.2% in adults, impacting 11.1 million people in Germany. As per the Royal National Institute for the Deaf, the number of persons who use British Sign Language in the UK is believed to be 151,000, with 87,000 of them being Deaf. Hearing loss affects more than 40% of adults over the age of 50 in the United Kingdom and more than 70% of people over the age of 70.
The Germany market dominated the Europe Hearing Amplifiers Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $8.2 million by 2027. The UK market would witness a CAGR of 3.3% during (2021 - 2027). Additionally, The France market is anticipated to grow a CAGR of 4.8% during (2021 - 2027).
Based on Product, the market is segmented into Behind-the-ear, and In-the-ear. Based on Type, the market is segmented into Analog and Digital. Based on Distribution Channel, the market is segmented into Hospital Pharmacies, Online Pharmacies, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Hearing Amplifiers Market Size will Hit $116.9 Million by 2027, at a CAGR of 4.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Beurer GmbH, Lucid Audio, LLC (Hearing Lab Technology, LLC), InnerScope Hearing Technologies, Inc., Intricon Corporation, Otofonix Hearing Solutions, MDHearingAid, Eargo, Inc., Starkey laboratories, Inc., Sound World Solutions, Inc., and Cochlear Ltd.
Scope of the Study
Market Segments Covered in the Report:
- Behind-the-ear, and
By Distribution Channel
- Hospital Pharmacies
- Online Pharmacies
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Beurer GmbH
- Lucid Audio, LLC (Hearing Lab Technology, LLC)
- InnerScope Hearing Technologies, Inc.
- Intricon Corporation
- Otofonix Hearing Solutions
- Eargo, Inc.
- Starkey laboratories, Inc.
- Sound World Solutions, Inc.
- Cochlear Ltd.
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