Drivers Widex A/s

Posted By admin On 30/01/22

Pune, May 15, 2020 (GLOBE NEWSWIRE) -- The global hearing aids market size is projected to reach USD 14.45 billion by the end of 2026. The high prevalence of hearing disorders across the world will aid the growth of the market in the coming years. According to a report published by Fortune Business Insights, titled “Hearing Aids Market Size, Share & Industry Analysis, By Product (Hearing Devices, Hearing Implants), By Patient Type (Adult, Pediatric), By Distribution Channel (OTC (Over the Counter), Medical Channel/ Hospital Pharmacies, Private Practice/ Retail Pharmacies) and Regional Forecast, 2019-2026,” the market was worth USD 8.39 billion in 2018 and will exhibit a CAGR of 7.2% during the forecast period, 2019-2026.

April 2018: Widex announced the launch of the world’s first machine learning hearing aid called the Widex Evoke. The company claims that the product is capable of adjusting the sound intensity. Select Next to start the USB Link driver installation. If prompted, select Install and Always trust software from Widex A/S. Select Finish to complete the installation of the USB Link driver. GPS 2.4 SP2 Technical Information. Tory requirements for products supplied to the Australian or New Zealand markets. Power on/off To indicate connection to or disconnection from the power source. 39 WIDEX A/S Nymoellevej 6, DK-3540 Lynge, Denmark Manual no.: 9 514 0552 001 #01 Issue: 2019-11 9 514 0552 001 01. About widex usblink USBLink was created as an alternative for hearing aid dispensers who were not familiar with the use of NOAHlink as a fitting interface. The hearing aids are placed inside the neck loop.


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Hearing aid is an electronic device that is used by patients that have hearing disorders. The device amplifies the sound that the ear receives; thus making it audible to the person with the disability. The increasing incidence of hearing disorders and diseases will emerge in favor of the companies operating in the market. The increasing investment in the research and development of the product, coupled with the presence of several large scale companies will aid the growth of the overall market in the coming years.

According to a study by the World Health Organization, around 466 million people across the world suffered from hearing disorders ion the year 2019. The increasing emphasis on technological intervention will have a huge impact on the growth of the overall market in the coming years. Additionally, the presence of several large scale companies will aid market growth.

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

To get the short-term and long-term impact of COVID-19 on this Market.

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Increasing Product Launches will Have a Huge Impact on Market Growth

The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of product launches by major companies across the world will have a huge impact on the growth of the market. Technological intervention has yielded a few exceptional products in recent years. In August 2018, Starkey announced the launch of a new hearing aid equipped with artificial intelligence.

The company introduced the product in the UK market. The company claims that the product enables superior audio quality with lesser noise, mainly due to the use of concepts derived from artificial intelligence. Starkey’s latest product will not just benefit the company but will also have a positive impact on the growth of the overall market in the coming years.

North America Accounts for a Dominant Share; High Prevalence of Hearing Disorders will Aid Growth

The report analyzes the ongoing market trends across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among these regions, the market in North America is projected to emerge as the dominant region in the coming years. The increasing prevalence of hearing disorders in the United States will aid the growth of the regional market.


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According to the Population Reference Bureau, the number of people above the age of 65 will rise from 52 million in 2018 to 95 million in 2060. The aging population coupled with the high per capita expenditure, will have a huge impact on the growth of the market in this region. As of 2019, the market in North America was worth 3.19 billion and this value is projected to increase further in the coming years. The market in Asia Pacific will also witness considerable growth driven by the improving healthcare infrastructure.

List of key Companies Covered in the Hearing Aids Market Research Report are:

  • Sonova
  • Demant A/S
  • GN Store Nord A/S
  • Starkey
  • Sivantos Pte. Ltd.
  • Widex A/S
  • MED-EL
  • Cochlear Ltd.
  • Other Prominent Players

Industry Development:

  • April 2018: Widex announced the launch of the world’s first machine learning hearing aid called the Widex Evoke. The company claims that the product is capable of adjusting the sound intensity with the help of smartphone application resulting in ease of usage.


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Detailed Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Epidemics of Hearing Loss for Key Countries
    • Recent Industry Developments- Partnerships, Mergers, And Acquisitions
    • Technological advancements in Hearing Aids Market
    • New Product Launches by Key Players
  • Global Hearing Aids Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Product

TOC Continued….!!!


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Drivers Widex A/s Tires

Hearing Aids Market is worth USD 6.33 billion in 2016 and is expected to reach USD 9.07 billion by 2022, at a CAGR of 6.2% from 2016 to 2022.
The global hearing aids market report offers in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and challenges in the hearing aids market.
KEY BENEFITS OF THE REPORT:
Extensive evaluation of all the market dynamics that will impact this market during the forecast period
Granular understanding of the historical market trend and the resultant market forecast
Deeper understanding of the behavior of the key players and innovators influencing this market
KEY PREMIUM INDUSTRY INSIGHTS:
The rapid rise in demand and the technological advancements are some of the major growth drivers for the global hearing aids market.
The hearing aids market offers potential growth opportunities to the manufacturers due to the rising demand and the rapidly advancing hearing aids. For instance, Sivantos Pte. Ltd. introduced advanced lithium-ion inductive rechargeable hearing aids in July 2016. This device is featured with wireless inductive technologies, offering better comfort to the users. These types of introduction would, in turn, increase the utilization of the hearing aid products among the end-users.
The hearing aids market is also driven by the increasing incidences of hearing loss coupled with the consistent rise in the geriatric population around the world.
According to the World Health Organization (WHO) statistics, around 360 million people globally have hearing loss problem and this number is expected to increase further in the near future, creating strong demand for the hearing aids market.
MARKET SEGMENTATION:
This report analyzes the hearing aids market by the following segments:
Hearing Aids Market, by Products
Hearing Aid Devices
Receiver-In-The-Ear Hearing AIDS
Behind-The-Ear (BTE) Hearing AIDS
Canal Hearing AIDS
Other Hearing Aid Devices
Hearing Implants
Cochlear Implants
Bone-Anchored Systems
Hearing Aids Market, by End-users
Adult
Pediatric
KEY MARKET PLAYERS:
Key players in the hearing aids market include:
Cochlear Ltd.
Sivantos Pte. Ltd.
Sonova Holding AG
GN Hearing
Starkey Hearing Technologies
Widex A/S
William Demant Holding A/S