Hearing Amplifiers Market size to exceed $84mn by 2023 Hearing Amplifiers Market size is estimated to reach USD 84.4 million by 2023; as per a new research report by Global Market Insights, Inc. The incidence of deafness and hearing loss disorders has been on the rise over the past few years owing to increased geriatric population and noise pollution. Technologies such as Digital Signal Processing (DSP) have revolutionized the industry by integrating new applications in these products. Advances in research pertaining to the patent approval for powerful signal processing in accordance with the external environment is among the key growth drivers. Growing R&D in the field is set to expand applications, creating additional benefits for patients. For instance, digital wireless technology, wherein the hearing aid providers are offering Bluetooth accessories that allow the patients to operate the device through their mobile.
Hearing Amplifiers Market size was USD 58.1 million in 2015, with 4.8% CAGR estimation from 2016 to 2023. Global volume is set to cross 500 thousand units by 2023, at an estimated 6.7% CAGR. Water resistant products with protective wrappers, dehumidifying kits, hearing aid dryers, and special nano coatings to make them water resistant that allows the devices to withstand the effects of perspiration, snow, rain, and other general moisture are also among major innovations. India, China, South Africa and Brazil are expected to be potential revenue generators for the hearing amplifiers market in the years to come owing to the high unmet needs, and rising per capita income in these countries. Key insights from the report include: 
On-the-ear hearing amplifiers market size was more than USD 40 million in 2015; shipments are forecast to grow at 6.6% over the forecast timeframe. Ongoing R&D activities pertaining to promote laser signaled products featured with larger frequency range present significant growth opportunities.
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