Global Hearing Aids Market size worth US $6 billion by 2025
A research study titled, “Hearing Aids Market by Product Type and Technology – Global Industry Analysis and Forecast to 2025� published by Crystal Market Research, states that the hearing aids market is projected to be around $6 billion by 2025. Hearing impairment is the most frequent sensory deficit in humans, affecting more than 250 million individuals worldwide. It is becoming a severe social and health problem in the elderly population. This is leading to impaired exchange of information due to hearing loss, causing loneliness, dependence, and frustration, as well as communication disorders, thus significantly impacting everyday life of the elderly. As per National Institute on Deafness and Other Communication Disorders (NIDCD), around 37.5 million American adults aged 18 years and above suffer from hearing impairment. Hence, growing geriatric population base is propelling the need for hearing aids, as this age group of people is more prone towards developing hearing disorders. The growth of hearing aids market can also be attributed to technological