The 2010 Worldwide Hearing Aid Market Worth $6.6 Billion

A new report has found that the hearing aid market across the world in 2010 was worth a staggering $6.6 billion.

Research by companiesandmarkets.com revealed that the whole market for ear, nose and throat devices (ENT) was expected to reach a value of over $13 billion by the year 2017 and 86% of this is dominated by the hearing aid devices category.

The trend is said to be driven by the fact that we have an aging global population and it indicates that there will be 700 million people with moderate/severe hearing loss by 2015 compared with 300 million in 2011.

The report, which was published in July 2011, predicts that the hearing aid market will achieve $9.8 billion by 2017, a growth of six per cent per annum.  This is said to be due to technological innovation, advances in the field and a rapid growth in cochlear implants and bone anchored hearing implants.

Further results are that the companies holding the most influential positions within the ENT devices market include Cochlear Limited, Siemens, Sonova Holding AG, Starkey Laboratories Inc, GN ReSound, Rion Co. Ltd Widex and William Demant Holding.

The research covered the geographic regions of America, Canada, the UK, Germany, France, Italy, Spain, Brazil, Japan, China, India and Australia.

Hearing Aid UK has a full price list that includes hearing aids from the above powerful companies such as resound hearing aid, siemens hearing aid and widex clear.

Tags: , , , ,