Hearing Aids Global Market and Forecast To 2027, Key Player - Sonova Holding AG

Industryno106 Dec, 2021Business

The global hearing aids market is growing at 6.1% CAGR during 2021-2027 owing to the mounting innovations in hearing technologies along with the rising trend for connected devices that will have a huge impact on the global hearing aids market. The COVID-19 outbreak has resulted in the decline in the sales of hearing aids owing to postponement or cancellation of elective surgeries. Moreover, the postponement of cochlear implantable procedures has reduced the sales of the hearing aids market. However, post-COVID-19, the market will bounce back as there are certain reports that suggest that there is sudden hearing loss among patients, thereby the need for treatment for hearing loss would increase the demand for hearing aid devices. The increased adoption of tele-audiology globally owing to the COVID-19 pandemic has boosted the growth of the hearing aid market.

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