[152
Pages Report]The global hearable devices market is expected
to reach USD 23.24 Billion by 2023, at a CAGR of 9.98% between 2017 and 2023.
The market for hearing aids accounted for the
largest market in 2016. The huge market of hearing aids is accounted because of
the increasing number of the hearing-impaired population across the globe.
According to World Health Organization (Switzerland), more than 5 % of world’s
population suffers from hearing loss. Companies in the market have a strong
distribution network to ensure the customized hearing aid devices. They started
offering new capabilities in hearables to the elderly and other patients. These
hearable devices also help manage particular health conditions and disease
states.
The market for digital hearing aids is
expected to grow at the highest rate during the forecast period. Digitally
programmable hearing aids possess all the features of analog aids, but they use
digitized sound processing. They are usually self-adjusting and offer greater
precision for speech recognition and noise reduction. Digital hearing aids
allow the use of the latest wireless connecting technologies such as Bluetooth
and others.
Among all the major applications of the
hearable devices market, the market for healthcare application accounted the
largest share in 2016. The evolution of technology allows people to measure
heart rates and other parameters such as body temperature, blood pressure,
pulse oximetry, electrocardiogram (ECG), electroencephalogram signals, and
others using various smart hearable devices available in the market. Companies
in this market also started offering new capabilities in hearables to the
elderly and other patients. These hearable devices also help manage particular
health conditions and disease states.
In terms of regions, the Americas acquired
the largest market for hearable devices in 2016. The market in the Americas is
likely to be fueled by the increase in sale and distribution of hearing aids.
The growing population of music listeners, increasing digital music sales, and
the popularity of audio and video entertainment segment are expected to
influence the regional market positively over the next decade. Technological
improvements are mainly driving the hearable devices market in the Americas.
Download
PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=107674255
Apple Inc. (US) is one of the leading
companies in the hearable devices market, followed by Samsung Electronics Co.,
Ltd. (South Korea) providing the wireless stereo headset, which provides very
sophisticated U-shaped design, delivering clear voice quality with the help of
noise- and echo-reducing NR and EC technologies. Companies are strengthening
their product portfolio with new launches by increasing R&D investments.
About
MarketsandMarkets™
MarketsandMarkets™
provides quantified B2B research on 30,000 high growth niche
opportunities/threats which will impact 70% to 80% of worldwide companies’
revenues. Currently servicing 7500 customers worldwide including 80% of global
Fortune 1000 companies as clients. Almost 75,000 top officers across eight
industries worldwide approach MarketsandMarkets™ for their painpoints around
revenues decisions.
Our
850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high
growth markets following the “Growth Engagement Model – GEM”. The GEM aims at
proactive collaboration with the clients to identify new opportunities,
identify most important customers, write “Attack, avoid and defend” strategies,
identify sources of incremental revenues for both the company and its
competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants
(Positioning top players across leaders, emerging companies, innovators,
strategic players) annually in high growth emerging segments.
MarketsandMarkets™ is determined to benefit more than 10,000 companies this
year for their revenue planning and help them take their
innovations/disruptions early to the market by providing them research ahead of
the curve.
MarketsandMarkets’s
flagship competitive intelligence and market research platform,
“Knowledgestore” connects over 200,000 markets and entire value chains for
deeper understanding of the unmet insights along with market sizing and
forecasts of niche markets.
Contact:
Mr.
Sanjay Gupta
MarketsandMarkets™
INC.
630
Dundee Road
Suite
430
Northbrook,
IL 60062
USA:
1-888-600-6441
newsletter@marketsandmarkets.com
No comments:
Post a Comment