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Insights on the Hearing Aid Market 2020-2024: COVID-19 Analysis, Drivers, Restraints, Opportunities, and Threats - Technavio


The hearing aid market is expected to grow by $ 2.85 bn, progressing at a CAGR of over 6% during the forecast period.
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The growth in the use of binaural hearing aids is one of the major factors propelling market growth. However, factors such as the prevalence of substitutes will hamper the market growth.

More details: https://www.technavio.com/report/hearing-aid-market-industry-analysis

Hearing Aid Market: Product Landscape

Based on the product, the hearing devices segment is expected to witness lucrative growth during the forecast period.

Hearing Aid Market: Geographic Landscape

By geography, Europe is going to have a lucrative growth during the forecast period. About 42% of the market's overall growth is expected to originate from Europe. The UK, France, and Germany are the key markets for hearing aids products in Europe.

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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Product

Market Segmentation by End-user

Customer landscape

Geographic Landscape

Drivers, Challenges, and Trends

Vendor Landscape

Vendor Analysis

Appendix

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News published on 27 november 2020 at 22:35 and distributed by: