(EMAILWIRE.COM, July 26, 2019 ) The growth of Hearing Aid Market is majorly attributed to the high prevalence of hearing loss, rising geriatric population, and technological advancements in hearing aids.

The hearing aids market is expected to reach USD 9.78 Billion by 2022 from USD 6.56 Billion in 2016, at a CAGR of 7.0% from 2017 to 2022. In 2017,

Market Dynamics

+ Drivers

+ Rising Geriatric Population
+ High Prevalence of Hearing Loss
+ Technological Advancements in Hearing Aids

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The hearing aids market by product, type of hearing loss, patient type, and region. Based on product, the market is segmented into hearing aid devices and hearing implants. The hearing aid devices segment is expected to account for the largest share of the global market in 2017.

The market is segmented into adult patients and pediatric patients. The adult patients segment is expected to register the highest CAGR during the forecast period. The high prevalence of hearing loss in the adult population with growing age is driving the growth of this segment.

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