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Hearing Aids Market Size 2021 | Is Expected to Reach USD 11.02 Billion by 2028, Exhibiting a CAGR of 7.4 %

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Pune, India, April 22, 2021 (GLOBE NEWSWIRE) — The global “hearing aids market” size is expected to reach USD 11.02 billion by 2028, exhibiting a CAGR of 7.4 % during the forecast period. The increasing innovations in hearing technologies coupled with the trend for connected devices will have an incredible impact on the market growth during the forecast period, states Fortune Business Insights, in a report, titled “Hearing Aids Market, 2021-2028.” The market size stood at USD 6.47 billion in 2020 and USD 6.67 billion in 2021.

Key Development:

August 2020: GN Store Nord A/S introduced a breakthrough product called ReSound One. It involves a microphone in the ear canal. The new product utilizes microphone and receiving-in-ear design (M& RIE) to collect sounds and enhance user experience.

The Report Lists the Key Players in this Market:

  • Sonova (Stafa, Switzerland)
  • Demant A/S (Denmark)
  • GN Store Nord A/S (Ballerup, Denmark)
  • WS Audiology (Denmark)
  • Starkey (Minnesota, U.S.)
  • MED-EL (Medical Electronics) (Innsbruck, Austria)
  • Cochlear Ltd (Sydney, Australia)
  • RION Co., Ltd. (Tokyo, Japan)
  • Other prominent players

Request a Sample Copy of the Global Hearing Aids Market Research Report: 

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/hearing-aids-market-101573

Hearing Aids Highlights of the Report:

  1. Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
  2. Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
  3. Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
  4. Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
  5. Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market

Delayed Cochlear Implantations Procedures to Affect Business amid Coronavirus

COVID-19 had a dramatic effect on the healthcare sector. The postponement of non-compulsory surgeries due to the surge in COVID-19 patients has resulted in a significant loss for the hearing aids industry. The demand for devices such as orthopedic implants, heart valves, intraocular lenses, and audiology diagnostics devices showcases the downward curve.  Furthermore, the reduced sales and production of hearing aid instruments can considerably inhibit the market’s growth.  According to the British Irish Hearing Instrument Manufacturers Association, the sales of these aids decreased by 35.7% in 2020. Similarly, according to the Hearing Industries Association (HIA) statistics, unit sales of hearing devices in the U.S. declined by 18.0% in 2020. In addition, the deferment of cochlear implantations procedures has resulted in decreased sales, which, in turn, can retard the development of the global hearing aids market.

To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/industry-reports/hearing-aids-market-101573

The Hearing Devices Segment to Dominate the Market

Based on the product, the market is classified into hearing devices and hearing implants. The hearing devices segment can be further split into behind-the-ear (BTE), in the ear (ITE), receiver in the canal (RIC), completely in the canal (CIC), others (invisible in the canal). The hearing devices segment is expected to hold the largest share during the forecast period. The growth is attributed to the demand for BTE devices that resemble Bluetooth earphone devices

Based on patient type, the market is classified into adults and pediatrics. The adults are likely to exhibit rapid growth during the forecast period. The development is attributed to the rising geriatric population and increasing awareness about various hearing devices & implants.

Based on distribution channels, the market is classified into OTC, hospital pharmacies/ medical channels, and retail pharmacies/private practice. The hospital pharmacies segment is expected to account for the largest share during the forecast period.

Geographically, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Quick Buy – Hearing Aids Market Research Report:

https://www.fortunebusinessinsights.com/checkout-page/101573

The report on the hearing aids market covers:

  • Comprehensive assessment of the market
  • Esteemed ideas into the segments
  • Cutting-edge trends and significant drivers
  • Main regions in the industry
  • Notable development
  • COVID-19 impact

Technological Advancement in Hearing Devices to Intensify Market

The integration of intelligent technologies in hearing devices will boost the market growth in the forthcoming years. The emergence of digital platforms in devices will enhance the hearing experience for patients, which, in turn, will foster market growth. High-end features in devices such as high sound processing, compatibility with smartphones, Bluetooth connectivity, artificial intelligence (AI), rechargeable batteries, and tinnitus masking will spur opportunities for the market in the forthcoming years. Moreover, the introduction of innovative hearing devices by prominent will enable the market’s speedy expansion in the upcoming years.

For instance, in February 2020, Starkey introduced the launch of the next-generation Livio Edge AI. The device uses artificial intelligence to analyze the surrounding sounds and make immediate adjustments for a better user experience. It also has an aesthetic appeal to it because of the miniaturized device.

Surging Geriatric Population to Foster Growth in Asia Pacific

Asia Pacific is expected to increase rapidly during the forecast period due to the increasing demand for hearing implants. The surging geriatric population will foster growth of the market in the region.  According to Hear-it.org, over 3.6 million Australians suffer from hearing loss, and the figure is projected to reach 7.8 million in 2060, which is expected to surge in the forthcoming years. The market in Europe is expected to hold the largest hearing aids market share during the forecast period. The growth in the region is attributed to strong government support.

The increased research and development for advanced hearing devices will promote growth in the region. The presence of numerous companies such as GN Store Nord A/S, Senovo, Demant A/S, and WS Audiology will enhance the region’s development.  According to Hearing Link, about 12,000 people in the U.K. use cochlear implants. It would also propel growth.

Have Any Query? Ask Our Experts:

https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/hearing-aids-market-101573

Table Of Contents :

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Prevalence of Hearing loss, By Key Country
    • Technological Advancement Sin Hearing Aids Market
    • New Product Launches
    • Key Industry Developments (Mergers, Acquisitions, and Partnerships)
    • Impact of COVID-19 Pandemic
  • Global Hearing Aids Market Analysis, Insights and Forecast, 2017-2028
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Product
      • Hearing Devices
        • BTE ( Behind the Ear)
        • ITE (In the Ear)
        • RIC (Receiver in the Canal)
        • CIC (Completely in the Canal)
        • Others (Invisible in the Canal, etc.)
      • Hearing Implants
        • Cochlear Implants
        • Bone Anchored Implants
    • Market Analysis, Insights and Forecast – By Patient Type
      • Adults
      • Pediatrics
    • Market Analysis, Insights and Forecast – By Distribution Channel
      • OTC (Over the Counter)
      • Medical Channel/ Hospitals Pharmacies
      • Private Practice/ Retail Pharmacies
    • Market Analysis, Insights and Forecast – By Region
      • North America
      • Europe
      • Asia Pacific
      • Rest of the World
  • North America Hearing Aids Market Analysis, Insights and Forecast, 2017-2028
    • Key Findings / Summary
    • Market Analysis – By Product
      • Hearing Devices
        • BTE ( Behind the Ear)
        • ITE (In the Ear)
        • RIC (Receiver in the Canal)
        • CIC (Completely in the Canal)
        • Others (Invisible in the Canal, etc.)
      • Hearing Implants
        • Cochlear Implants
        • Bone Anchored Implants
    • Market Analysis – By Patient Type
      • Adults
      • Pediatrics
    • Market Analysis – By Distribution Channel
      • OTC (Over the Counter)
      • Medical Channel/ Hospitals Pharmacies
      • Private Practice/ Retail Pharmacies
    • Market Analysis – By Country
      • U.S.
      • Canada

Toc Continue…

Get your Customized Research Report:

https://www.fortunebusinessinsights.com/enquiry/customization/hearing-aids-market-101573

SECONDARY RESEARCH IS CONDUCTED TO DERIVE THE FOLLOWING INFORMATION:

  • Details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies
  • Details in relation to prevalence, incidence, patient numbers, distribution of patients, average price of treatment, etc.
  • Number of end user facilities by region/country and average annual spending or procurement of devices by type of end user facility
  • Number of procedures and average price of procedures
  • Replacement rate and pricing of capital equipment
  • Market dynamics in relation to the market under focus – Drivers, restraints, trends, and opportunities
  • Market & technological trends, new product developments, product pipeline.

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Medical X-ray Market Size, Share & Covid-19 Impact Analysis, By Product Type (Static and Dynamic), By Technology Type (Analog and Digital), By Application (Dental, Veterinary, Cardiovascular Oncology, and Others), By End-User (Hospitals & Clinics, Diagnostic Centers, and Others), and Regional Forecast, 2021-2028

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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

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Artificial Intelligence

Military Cybersecurity Market to Reach $68.5 Billion, Globally, by 2033 at 15.4% CAGR: Allied Market Research

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PORTLAND, Ore., May 20, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Military Cybersecurity Market by Type (Endpoint Security Solutions, Network Security Solutions, Content Security Solutions), Deployment (On-Premises, Cloud), and Solution (Threat Intelligence and Response Management, Identity and Access Management, Data Loss Prevention Management, Security and Vulnerability Management, Unified Threat Management, Enterprise Risk and Compliance, Managed Security, Others): Global Opportunity Analysis and Industry Forecast, 2024-2033”. According to the report, the military cybersecurity market was valued at $15.7 billion in 2023, and is estimated to reach $68.5 billion by 2033, growing at a CAGR of 15.4% from 2024 to 2033.

The global military cybersecurity market is driven by factors such as growing demand for end-point security solutions and surge in cyber-attacks which are increasing need for military cybersecurity.
Prime Determinants of Growth
The global military cybersecurity market is driven by factors such as an increase in demand for defense IT expenditure. Adoption of IoT in cyber security technology provides lucrative growth opportunities. On the other hand, limited awareness related to cybersecurity is projected to hinder market growth.
Request Sample of the Report on Military Cybersecurity Market Forecast 2033
https://www.alliedmarketresearch.com/request-sample/A323349
(We are providing Military Cybersecurity Industry report as per your research requirement, including the Latest Industry Insight’s Evolution, Potential and Russia-Ukraine War Impact Analysis)
123 – Tables63 – Charts378 – PagesReport coverage & details:
Report Coverage 
Details 
Forecast Period
2023–2033
Base Year
2023
Market Size in 2023
$15.7 Billion
Market Size in 2033
$68.5 Billion
CAGR
15.4 %
No. of Pages in Report
324
Segments covered
Type, Deployment, Solution and Region.
Drivers 
Increase in demand for defense IT expenditure to drive the market growth.
Opportunities
Adoption of IoT in Cyber Security Technology
Restraints
Limited awareness related to cybersecurity is restricting the market growth
Procure Complete Report (323 Pages PDF with Insights, Charts, Tables, and Figures)https://www.alliedmarketresearch.com/checkout-final/military-cybersecurity-market-A323349
The endpoint security solutions segment to maintain its leadership status throughout the forecast period
Based on type, the endpoint security solutions segment held the highest market share in 2023, accounting for more than two-fifths of the global military cybersecurity market revenue and is estimated to maintain its leadership status throughout the forecast period.
Endpoint security solutions are undergoing continuous evolution to combat the ever-changing landscape of cybersecurity threats. One prominent trend is the widespread adoption of Endpoint Detection and Response (EDR) solutions. EDR offers real-time monitoring of endpoint activities, allowing for swift detection and response to advanced threats.
The on-premises segment to maintain its leadership status throughout the forecast period
Based on deployment, the on-premises segment held the highest market share in 2023, accounting for more than half of the global military cybersecurity market and is estimated to maintain its leadership status throughout the forecast period. However, the cloud segment is projected to manifest the highest CAGR of 15.88% from 2023 to 2033. Moreover, cloud computing offers advanced security features and capabilities that strengthen military cybersecurity defense. Leading cloud service providers invest heavily in robust security measures, such as encryption, identity and access management, and threat detection, to protect data and applications hosted in the cloud.
The identity and access management segment to maintain its leadership status throughout the forecast period
Based on solution, the identity and access management segment held the highest market share in 2023, accounting for nearly one-fifth of the global military cybersecurity market and is estimated to maintain its leadership status throughout the forecast period. Moreover,
Identity and access management (IAM) plays a crucial role in military cybersecurity by ensuring that only authorized personnel can access sensitive information and critical systems. IAM encompasses processes, policies, and technologies designed to manage digital identities, control access to resources, and protect against unauthorized access and insider threats.
North America to maintain its dominance by 2033
Based on region, North America held the highest market share in terms of revenue in 2023, accounting for more than half of the global military cybersecurity market revenue and is likely to dominate the market during the forecast period. The advancements in sensor technology, artificial intelligence, and communication systems have contributed to the evolution of military cybersecurity, enabling greater autonomy, flexibility, and effectiveness in engaging both stationary and moving targets with reduced collateral damage.
To Talk With Our Industry Expert @ https://www.alliedmarketresearch.com/connect-to-analyst/A323349
Leading Market Players:
AT&TBAE SystemsBoeingCisco Systems, Inc.DXC Technology CompanyEclecticIQ B.V.IBM CorporationIntel CorporationLockheed Martin CorporationNorthrop Grumman CorporationPrivacera, Inc.SentineIOneSecureworks, Inc.Thales GroupThe report provides a detailed analysis of these key players in the global military cybersecurity market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 USA.USA/Canada (Toll Free):+1-800-792-5285UK: +44-845-528-1300Hong Kong: +852-301-84916India (Pune): +91-20-66346060Fax: [email protected] Web: www.alliedmarketresearch.com AMR Resource Center: https://www.alliedmarketresearch.com/resource-center
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Artificial Intelligence

Dahua Network Camera Series Obtains CC EAL 3+ Certificate

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HANGZHOU, China, May 20, 2024 /PRNewswire/ — Dahua Technology, a world-leading video-centric AIoT solution and service provider, is proud to announce that its network cameras have successfully obtained Common Criteria (CC) EAL 3+ certificate. This achievement demonstrates Dahua’s dedication to delivering secure and reliable solutions that comply with the industry’s highest information security standards and best practices.

The Evaluation Assurance Level (EAL) 3+ certificate, issued by the Common Criteria for Information Technology Security Evaluation (CC), represents a widely used industry standard for evaluating the security features of IT products and systems. It has been recognized by 31 member countries of the Common Criteria Recognition Arrangement (CCRA) organization, which consists of the United States, Germany, the United Kingdom, the Netherlands, Japan, etc.
As the most authoritative and influential information security standard worldwide, obtaining the CC EAL 3+ certificate verifies Dahua’s robust measures against potential security threats throughout the entire R&D, production, and delivery processes. This also signifies that Dahua’s information security management capabilities meet internationally recognized industry standards.
The certification process involves comprehensive testing and evaluation of Dahua’s development environment, production environment, supply chain, vulnerability assessment, personnel security, as well as many other aspects. The security evaluation is completed by SGS Brightsight, a globally renowned security assessment laboratory in the Netherlands and approved by the Netherlands Scheme for Certification in the Area of IT Security (NSCIB).
“At Dahua, we prioritize the security needs and trust of our customers above all else. With the addition of CC EAL 3+ certificate, customers can be confident that they are investing in a secure and reliable solution that delivers unparalleled peace of mind, safeguarding their assets and ensuring uninterrupted operations,” stated Max Xiang, IPC Product Director at Dahua Technology.
Dahua always follows best industry practices and maintains the highest standards of security across all aspects of the company’s operations. In addition to product security and privacy protection, Dahua implements strict quality control measures to strengthen supply chain security. Forging ahead, Dahua will remain dedicated to advancing the security industry through innovative and secure solutions, further enhancing its cybersecurity and data protection capabilities, and working with industry partners to build a trustworthy AIoT environment.
For more in-depth insights into Dahua’s cybersecurity practices, please visit www. dahuasecurity.com 
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AGI to Debut at COMPUTEX 2024

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TAIPEI, May 20, 2024 /PRNewswire/ — AGI Technology, a pioneering provider of high-performance storage solutions from Taiwan, will make its inaugural appearance at COMPUTEX 2024. This grant event will take place from June 4 to June 7 at the Taipei Nangang Exhibition Center, where AGI will be showcasing its latest innovations at Booth #J0218.

Event DetailsDate: June 4 – 7, 2024Time: 9:30 a.m. – 5:30 p.m.Location: Taipei Nangang Exhibition Center, Hall 1Booth: #J0218
AGI will present cutting-edge technology across three main themes:
Spotlight Innovations
– Supreme Pro TF138 2TB microSD: The world’s first 2TB microSD card, exclusively produced by AGI, sets a new standard in mass production and storage capacity.
– TURBOJET RGB DDR5 Series: This DDR5 series, featuring RGB lighting and a heat sink for overclocking, delivers exceptional performance.
– EDM38 Portable SSD for Mobile: A portable SSD with MagSafe-compatible magnetic attachment that offers lightweight portability.
Ultra-Spec Solutions
– SATA 8TB SSD: This 8TB SATA SSD is pushing the limits of consumer-grade storage, setting a new benchmark for capacity.
– PCIe 16TB SSD: A 16TB PCIe SSD that leads in the HMB domain, providing unmatched performance.
Customization Zone
AGI will showcase tailored storage solutions that meet unique customer needs.
We welcome you to visit AGI at Booth #J0218 to discover these innovations and explore collaboration opportunities.
About AGI
AGI is a leading provider of high-performance storage solutions, offering a range of innovative products that meet the evolving needs of its customers. With a commitment to delivering cutting-edge storage capacities and superior performance, AGI empowers its customers to achieve exceptional digital experiences.
Contact Information
Sales [email protected]+8862-27937256www.agi-gear.com 
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