DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/b7ed9a/global_hearing_aid) has announced the addition of the "Global Hearing Aid Market Report: 2011 Edition" report to their offering.
The past few decades have witnessed a significant increase in the population suffering from hearing problems. However, advancements in science and technology have successfully taken up the challenge and produced hearing aid devices addressing the complex medical needs of hearing loss patients. This has enabled millions of people suffering from hearing loss to lead a safer and happier life. The global market for hearing aids has continued to gain strength in terms of volume since past many years. As the incidence of hearing loss continue to rise, the demand for hearing aids will keep on increasing in the coming years.
The market for implantable hearing aids is also gaining ground, further strengthening the overall hearing device market. A major share of sale of hearing aids is carried out thorough public distribution channels with the US Veteran Affairs market registering high positive growth in the first half of fiscal 2011 as against negative growth in the previous quarter. The principal markets of the global hearing aid industry include Europe, North America, and Asia-Pacific.
The market is characterized by certain clear features which are indicative of the trends likely to affect the market. One major trend is still low market penetration of hearing aids which in turn provides significant opportunity for further growth. In addition, the industry is responding to the diverse market need with new product innovations.
The report analyzes the worldwide hearing aid industry with focus on the US and European markets. In addition to discussing major market trends and growth drivers, it also gives an overview of the demographic characteristics of the hearing loss population. The report features profiles of the major players in the market and discusses the competitive landscape.
- William Demant
- GN ReSound
For more information visit http://www.researchandmarkets.com/research/b7ed9a/global_hearing_aid