According to the business intelligence report titled ‘Global Hearing Aid Market (2021 Edition) - Analysis By Hearing Devices (BTE, ITE, RIC, ITC and CIC), Type of Hearing Loss, Technology, Patient Type, By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2021-2026)’, available with Market Study Report LLC, global hearing aid market was assessed at USD 10.3 billion in 2020 and is speculated to witness substantially growth between 2021-2026.
 

Increasing prevalence of hearing disorders, growing awareness about hearing aids, and rising geriatric populace are the key growth stimulants for global hearing aid market. 
 

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While launch of innovative and advanced products by leading players will aid towards substantial revenue inflow, factors such as delay in performing surgeries, decreased sales of hearing aids due to the COVID-19 pandemic will act as challenges for businesses in this domain.
 

Based on hearing device type, worldwide hearing aid industry is split into behind the ear, receiver in the ear canal, in the ear (ITE), in the canal (ITC) & completely in the canal (CITC) and others.  Among these, the behind the ear segment held majority of the industry share in the recent past owing to their economical pricing and surging demand in developing countries.
 

As per hearing loss type, the market sphere is divided into sensorineural, and conductive. Speaking of technology, the business space is bifurcated into digital, and analog. Moving on to patient type, the industry is arrayed into adult, and pediatric.
 

Key regions contributing to global hearing aid industry share are Latin America, North America, Europe, and Asia Pacific. Exhaustive information regarding market share held, sales amassed, revenue garnered, and estimated growth rate of each region and country is incorporated in the report.
 

Key players profiled in global hearing aid market report are Sonova Holding AG, MED-EL, GN Store Nord A/S, Starkey Hearing Technologies, Cochlear Limited, Amplifon S.p.A, WS Audiology A/S, Demant A/S, Eargo Inc., and Rion Co. Ltd.