The global ear health market is anticipated to grow at a considerable CAGR of 7.2% during the forecast period (2024-2031). Adults are more prone to ear problems and hearing loss as it increases gradually with an increase in age. According to WHO, around 80% of people with disabling hearing loss live in low- and middle-income countries. The companies are continuously researching, making new products, and doing major acquisitions and mergers to be competitive which further contribute to the growth of the ear market across the globe, for instance-
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- In February 2020, Starkey Laboratories, Inc. released Livio Edge AI, a next-generation sound with the help of Artificial Intelligence which provides improved sensors best quality sound, the world’s first 2.4 GHz lithium-ion ITC and ITE custom rechargeable hearing aids.
- In February 2022 Oticon A/S, launched the first pediatric hearing aid to give children access to the proper hearing environment named Oticon More has a deep neural network that has 12 million sounds from real-life which and can easily recognize sounds the same way child’s brains work.
- In August 2021, Medtronic plc acquired Intersect Ent, this acquisition will expand the former company’s portfolio of products used during ear, nose, and throat procedures and can provide better facilities to the patients in the healthcare sector.
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Market Coverage
- Segment Covered-
o By Devices
o By Supplements
o BY Drugs
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Sonova Holdings AG, Olympus Corp., Cochlear Ltd., Medtronic Plc, Johnson & Johnson Service, Inc., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Ear Health Market Report Segment
By Devices
- Diagnostic Devices
- Surgical Devices
- Hearing Aids
- Hearing Implants
- CO2 Lasers
- Image-Guided Surgery Systems
By Drugs
- Analgesics
- Antibiotics
- Nonsteroidal anti-inflammatory
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