Hearing Aids Market Witnessed CAGR of Over 4.8% During 2017-2026

The first five-year cumulative revenue (2017-2021) is projected to be US$ 42,081.6 Mn, which is expected to increase rather significantly over the latter part of the five-year forecast period. According to report, the hearing aids market is projected to reach a value of over US$ 11,747.0 Mn in 2026 at a CAGR of 4.8% over the forecast period.

Segmentation Snapshot:

By product type: The behind the ear hearing aids segment accounted for highest revenue share contribution as compared to that of the other product type segment.

By technology: The digital hearing aid segment is accounted for highest revenue share contribution in 2016, and is expected to register the highest CAGR of over 4.0% over the forecast period (2016-2026).
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By distribution channel: The online stores segment is estimated to register highest CAGR of 5.1% as compared to that of the other distribution channel segments.

By region: The market in North America accounted for highest revenue share in the global hearing aids market in 2016, and is expected to register a CAGR of over 4.0% between 2017 and 2026.

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Source: https://marketresearch.biz/infographics/hearing-aids-market/