SONOVA HLDNG AG UNSP/ADR

The global hearing aid devices market is expected to grow at a CAGR of 5.45% from 2024 to 2030, driven by the rising burden of hearing loss, increased exposure to high-intensity sounds, and growing awareness and screening programs. Digital hearing aids are expected to hold a significant market share, with advancements in technology and features.

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The U.S. hearing aids market is expected to reach $3.01 billion by 2030, driven by the increasing adoption of advanced hearing aids and the rising prevalence of hearing loss among the aging population. The FDA's new guidelines for over-the-counter hearing aids are also expected to boost market growth.

Related tickers: SONVY, GNNDY.