Global Hearing Amplifiers Market is anticipated to rise at a value CAGR of 5.5% over 2019-2028. According to a study published by Insure Insights on the Global Hearing Amplifiers Market. The Hearing Amplifiers are known as Personal sound amplifying products, or PSAPs; It is designed to enhance the environmental hearing for people with hearing loss. They are kept behind the ear or in the ear and further amplify the sound and assists the individual for hearing. The growth in the government initiatives and Favorable reimbursement scenario has driven the Global Hearing Amplifiers Market

Top Driver: The rise in the prevalence of people suffering from hearing loss have boosted the market

The surge in the number of cases of hearing loss coupled with the growing geriatric population has driven the market. The technological advancements and product expansion by the manufacturers have escalated the market revenue. The cost-effectiveness of the Hearing amplifier over other hearing aids has further propelled the market.

The rising preference to behind-the-ear hearing amplifiers has dominated growth in the Global Hearing Amplifiers Market

Based on the product, behind-the-ear hearing amplifiers segment, have obtained the highest share in the market. Behind- the- ear amplifier is a relatively small device, and is more compatible to use and helps in the hearing; these amplifiers provide greater amplification than other amplifiers. The battery size is high, and they last longer than other types of amplifiers; these factors have attributed the growth to the market. 

 In terms of the Distribution Channel hospital pharmacies segment, has obtained the most remarkable growth owing to the high availability of over the counter hearing amplifiers in these pharmacies, mostly  geriatric population prefer hospital pharmacies over online pharmacies, thus have escalated the segmental growth. 

Growing incidence of  hearing disorders will drive the North American Market

The rise in the incidence of Hearing Disorders in North America is the key factor driving regional growth.  The technological advancements, coupled with government initiatives in treatment, have fostered the regional revenue.  The favorable reimbursement scenarios have expanded regional growth. For instance, The National Institute of health in the year 2016 had estimated that One in eight people in the United States has hearing loss problems; and about 2 %of adults from the age of 45 to 54 have disabling hearing loss. Asia Pacific is anticipated to rise with the highest growth owing to the rise in the healthcare expenditure, technological developments  and rise in the awareness  about various distribution channels have boosted the regional market.

Product launches, New innovations, Strategic Collaborations, Mergers, and Acquisition, are the major strategies of the competitors

The Players of the Global Hearing Amplifiers Market is fragmented. Product launches new innovations, collaborations, mergers, and acquisition, are strategies used by the competitors. The key competitors of the Global Hearing Amplifiers Market are Beurer, Etymotic Research, FocusEar, iHEAR Medical, IntriCon Corporation, Sound World Solutions, Otofonix, MDHearing, Britzgo and Banglijian

IntriCon: IntriCon is a popular competitor in the Global Hearing Amplifiers Market. In May 2020, IntriCon had announced the acquisition of Emerald Medical Services, they manufacturers catheters used in cardiology, peripheral vascular, neurology, radiology, and pulmonology. The acquisition was made by IntriCon to expand the medical coil and micro-miniature medical device engineering and manufacturing capabilities in surgical navigation and to accelerate diversification into potential new end markets.

Etymotic Research:  Etymotic Research is a popular competitor in the Global Hearing Amplifiers Market. In March 2018, Etymotic Research had announced the merger agreement with Lucid Hearing; they are a manufacturer of hearing aid and personal sound amplification products (PSAP).  The deal was made to strengthen the business of both companies

Scope of the Report

By Product

• Behind-the-ear
• In-the-ear

By Distribution Channel

• Hospital pharmacies
• Online pharmacies
• Others

By Region

• North America
• Europe
• Asia Pacific
• LAMEA

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.