As per DelveInsight’s Age-Related Hearing Loss device market forecast, “the estimated patient pool population in 7MM. In the year 2018, the total eligible patient population for Age-related Hearing Loss was 60,652,513 cases in seven major markets and is expected to increase at a cumulative annual growth rate (CAGR) to reach 71,793,214 cases by 2026. The highest prevalent cases of this disease were observed in the United States”.
Some of the medical devices in the Age-Related Hearing Loss Market include Hearing aids, Cochlear implants, Bone anchored hearing systems, Assistive listening devices, Lip reading/ Speech-reading, and others. For patients who are not able to use regular hearing aids, a bone conducting hearing implant may provide a better solution to their hearing loss, however, is observed that the physicians mostly recommend hearing aids and cochlear implants the most.
The Age-Related Hearing Loss Device Market is expected to grow modestly in the coming years, owing to the advancement in directional microphone technology, improvement in devices size, up-gradation in microchip technology, and the active involvement of leading companies in the Age-Related Hearing Loss Device Market to gain the maximum market share, such as Oticon Medical, Phonak, Pipeline Therapeutics, Audina, RION, Decibel Therapeutics, and many others.
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