Hearing Aids Market Projected To Raise At USD 12.57 Billion By 2030
San Francisco, 28 March 2024: The Report Hearing Aids Market Size, Share & Trends Analysis Report By Product Type (BTE, Canal Hearing Aids), By Technology (Digital, Analog), By Sales Channel, By Region, And Segment Forecasts, 2024 - 2030 The global hearing aids market size is anticipated to reach USD 12.57 billion by 2030 and it is projected to grow at a CAGR of 6.78% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing adoption of hearing aid devices, and the growing awareness regarding technologically advanced products for the treatment of hearing loss are some of the factors contributing to the market growth. The World Health Organization (WHO) estimates that by 2050, the number of individuals living with disabling hearing impairment will approach 900 million. Besides that, physiological ear aging, hereditary vulnerability, increasing noise exposure, vascular illness, and chronic inflammation are factors that will contribute to increasing