Hearing Aids Market Expanding At A CAGR Of 4.6% For The Forecast Period From 2019 To 2025 : Grand View Research Inc.
San Francisco, 16 July 2019: The Report Hearing Aids Market Size, Share & Trends Analysis Report By Product Type (Behind-the-Ear, Canal), By Technology Type (Digital, Analog), By Sales Channel, By Region, And Segment Forecasts, 2019 – 2025 The global hearing aids market size is expected to reach USD 7.3 billion by 2025, expanding at a CAGR of 4.6% over the forecast period, according to a report by Grand View Research, Inc. Increasing adoption of hearing aids, growing awareness about technologically advanced products for treatment of auditory loss, and rising prevalence of auditory loss are some of the factors contributing to the market growth over the forecast period. Behind-the-ear hearing aids was the largest product type segment in 2018 and is expected to grow at a lucrative rate over the forecast period. This is because they are easy to handle and clean and are more preferred by younger population. Moreover, they can fit into various ear molds and don't need dev