Medical Fair India is the international exhibition and conference for clinics, hospitals and health centers in India. It takes place once a year, alternating between Mumbai and New Delhi and offers the latest range of products and solutions for medical, hospital and laboratory technology. Furniture and furnishings, diagnostic equipment, orthopedic products, surgical instruments, as well as many other medical devices and solutions for pharmacies, hospitals, diagnostics, pharmacy, medicine and rehabilitation and for the care in old age can be found here and thus provide a complete picture of the product line of the industry. Additionally, Medical Fair India brings together the entire industry to discuss innovative ideas, current issues, daily challenges and future goals. Therefore the trade fair is the most important information and communication platform whose status is supported by the accompanying conferences and workshops and underlines the leading character of the fair in India.
Medical Fair India takes place annually, and therefore for the twenty-fifth time previsibly in March 2019 in Mumbai. Jinghao’s hearing aids are very popular in this activity.
Global hearing aid market to reach USD 12.1 billion by 2025.
Global hearing aid market is valued at approximately USD 7.0 billion in 2017 and is anticipated to grow with a healthy growth rate of more than 7.0 % over the forecast period 2018-2025. Key trends for the global hearing aids market are technological advancements such as noise reduction circuits, wireless and bluetooth technology and feedback reduction, aesthetically appealing miniature devices. Moreover, factors such rising genetic factors, noise pollution levels, birth complications and ear infections are also expected to supplement the growth the hearing aid market across the globe.
Global hearing aid market is significantly driven by the rising aging population. For instance: according to the Population Reference Bureau, in United States people aged 65 years or above in 2016 were around 46 million which is projected to get double near approx. 98 million by 2060. However, the geriatric population rate will rise from 15 % to nearly around 24 % by 2060. Thus, rapid increase in geriatric population would increase the demand for hearing aid devices owing to gradual hearing loss thereby, supplementing the growth of the hearing aid market over the forecast period. However, low penetration rate of hearing aid is expected to hinder the growth of the market during the forecast period.
Link：India Medical Fair
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