November 29, 2019
According to the latest study titled ‘Global Hearing Aid Battery Market: Analysis By Battery Type, By Region, By Country - Trends, Opportunities, Restraints (2018 Edition) - Forecast to 2022: By Region (N. America, S. America, Europe, APAC, MEA), By Country (US, Canada, Brazil, Mexico, Germany, UK, Saudi Arabia, South Africa, China, India)’ available with Market Study Report LLC, the global hearing aid battery market is estimated to grow with a CAGR of 1.97% through the year 2022.
The global hearing aid battery market is gaining traction on account of availability of these devices on e-commerce platforms. Rising internet penetration and increasing number of smartphone users are escalating online sales, which in turn in propelling the market growth. Moreover, advancements in hearing aid technologies such as Bluetooth integration, demographic shift towards geriatric population, in consort with rising prevalence of hearing problems owing to urbanization and industrial activities will further boost the growth of hearing aid battery market.
The study encompasses details about revenue shares for each segment, alongside the expansion strategies adopted by manufacturers. Thorough insight regarding challenges, drivers, trends, and restraints impacting the market growth is also given. The report analyzes the competitive landscape of hearing aid battery market using SWOT analysis and Porter’s Five Force analysis methods. It also provides strategic recommendations that can be incorporated by competitors to expand their business footprint.
Based on battery type, hearing aid battery market is segmented into zinc-air, silver-zinc rechargeable, and lithium ion rechargeable. Considering the geographical landscape, the global hearing aid battery market is bifurcated into five major regions including North America, APAC, Europe, Middle East & Africa, and South America.
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As per report, Europe dominated the global hearing aid battery market in 2016, however APAC hearing aid battery market is presumed to witness decent growth in the upcoming years, owing to the potential markets of India and China.
Some of the vendors that operate in hearing aid battery market are VARTA AG, Rayovac, Energizer Holdings, ZPower LLC, Duracell, Renata, ZeniPower, iCellTech, and Siemens.
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