The global hearing aid market is growing. Development of new products has become the trend. Why? The market is growing because of the global rise in hearing loss patients. As the global aging population increases--and it is increasing--there is a rise in hearing difficulties, which creates a bigger need for hearing aids. Some of the factors contributing to hearing loss include increasing noise pollution, genetic factors, trauma, aging, and bacterial infections.
The hearing instruments segment held the largest market share in 2017, accounting for nearly 77 percent of the market. This product segment is expected to dominate for some time.
If you suffer from hearing loss, contact your hearing instrument specialist at Pure Sound Hearing Aids.