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Exactitude Consultancy Latest Published Hearing Aids Market by Product Type [Aids (Receiver, Behind the Ear, In the Canal, In the Ear Aids), Implants (Cochlear, Bone-Anchored)], Type of Hearing Loss (Sensorineural, Conductive), Patient Type (Adults, Pediatrics), Region (North America, Europe, Asia Pacific, South America, Middle East and Africa), Global Trends and Forecast from 2022 To 2029

The global hearing aids market is expected to grow at 7.1% CAGR from 2022 to 2029. It is expected to reach above USD 14.3 billion by 2029 from USD 7.7 billion in 2020.

The global hearing aids market is segmented by product type, type of hearing loss, patient type and region.

The market is divided into two categories based on product: hearing aid devices and hearing implants. Hearing Aid Devices are expected to gain a significant amount of traction in the global hearing aids market. When compared to other types of hearing aids, Behind-The-Ear (BTE) hearing aids are expected to grow in popularity. The majority of people with hearing loss benefit from a behind-the-ear (BTE) hearing aid. Due to the greater distance between the receiver and microphone, there are fewer problems with feedback. Furthermore, this device requires very little maintenance.

The market is divided into Sensorineural Hearing Loss and Conductive Hearing Loss based on the type of hearing loss. In terms of volume, the sensorineural hearing loss segment is expected to account for the largest share of the global market.

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