The technology update would help in improving the quality of life and communication in the patients. The hearing aid devices are developed and modified to keep the patients in sync with the latest IT powered world.
The Canal Hearing Aids Market report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors for 2017-2021. The following companies are the key players in the global canal hearing aids market: Sonova, Sivantos, Starkey, and Widex.
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The latest trend gaining momentum in the market is IT application enabled devices are the next big trend. With the advancement in the technology, the niche market of canal hearing aids device has seen a technological transformation.
There are several other advancements captured in the canal hearing aids device market.
According to the report, one of the major drivers for this market is rising incidences of hearing loss. As per the US Census Bureau, the world population is aging rapidly.
Out of about 7.3 billion world population in 2015, 8.5% fall under the aging population pool (65 years and above). It has been projected that the aging population is likely to increase by 60% in the next 15 years.
Hearing impairment and related problems have been conferred as the second largest health problem, which is increasing over the years.
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Further, the report states that one of the major factors hindering the growth of this market is battery challenges hindering adoption. As per the studies, consumers reported few technical challenges.
With these electronic hearing aid devices, the battery has been one of the major points of concern. The Medicines and Healthcare Products Regulatory Agency (MHRA) have issued a warning stating that those who have bought ZeniPower mercury-free hearing aid batteries need to check the best before date on the packs.
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