Reports
Sale
Global Hearing Aid Devices Market Size, Share, Trends, Forecast: By Product Type: Hearing Aid Devices, Hearing Implants; By Device Type: Prescription-Based, Over the Counter; By Type of Hearing Loss: Sensorineural, Conductive; By Technology; By Patient Type; By Distribution Channel; Regional Analysis; Supplier Landscape; 2024-2032
Global Hearing Aid Devices Market Outlook
The global hearing aid devices market size was valued at USD 10.30 billion in 2023, driven by the increasing prevalence of hearing disorders and increasing aging population across the globe. The market is anticipated to grow at a CAGR of 6.2% during the forecast period of 2024-2032 to achieve a value of USD 17.65 billion by 2032.
Hearing Aid Devices: Introduction
Hearing aid devices are developed with the use of advanced technologies to help people with hearing disorders. These technical solutions are uniquely designed to enhance hearing ability and treat hearing loss. These devices amplify the sound and enhance the overall listening experience of people who are suffering from hearing disorders due to occurrence of some disease or due to some unfortunate life events.
Hearing aid devices come in several different types, including behind-the-ear (BTE), in-the-ear (ITE), and in-the-canal (ITC) devices, among others. These devices are embedded with microphones, amplifiers, and speakers to process and deliver sound effectively to the user. The market for hearing aid devices is driven by several key factors, including the increasing prevalence of hearing loss, technological advancements, and changing consumer preferences. This presence of hearing aid devices has revolutionized the way people with hearing loss communicate and interact with other people in public or at home with friends and family.
Global Hearing Aid Devices Market Analysis
The market for hearing aids has recorded substantial technological advancements, leading to the development of more advanced and complex devices. These advancements in hearing aid devices include digital signal processing, wireless connectivity, and artificial intelligence (AI) integration. These technologies enhance sound quality, comes with active noise cancellation feature, and provide personalized hearing experiences. The rising demand for these technologically advanced products has been aiding the global hearing aid devices market growth.
The increasing awareness among people about their appearance and aesthetics has also been propelling the market growth. People want their hearing aid devices to be updated with today’s lifestyle and want them to appear aesthetic. The rapidly increasing demand for hearing devices to be designed and developed in smaller versions as they will feel more comfortable, convenient and aesthetic has been continuously contributing to the market growth. This trend is highly contributing to the global hearing aid devices market expansion.
Global Hearing Aid Devices Market Segmentations
Market Breakup by Product Type
- Hearing Aid Devices
- Hearing Implants
Market Breakup by Device Type
- Prescription-Based
- Over the Counter
Market Breakup by Type of Hearing Loss
- Sensorineural
- Conductive
Market Breakup by Technology
- Conventional Hearing Aids
- Digital Hearing Aids
Market Breakup by Patient Type
- Adults
- Pediatrics and Children
Market Breakup by Distribution Channel
- Online
- Offline
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Global Hearing Aid Devices Market Overview
The increasing prevalence of hearing loss and the growing demand for advanced hearing aid devices is primarily driving the growth of the market. Hearing aids are medical devices designed to improve hearing ability and enhance the quality of life for individuals with hearing issues or disorders. Other factors aiding the growth include the rising geriatric population, increased awareness about hearing health, and technological advancements. The key players in the market are constantly putting efforts in developing more advanced hearing aid devices that offer improved sound quality, better comfort, and enhanced user experience.
The market for hearing aid devices is expected to keep growing in coming years driven by the technological advancements and evolving consumer preferences along with the manufacturers trying to bring innovative hearing solutions in the market.
Global Hearing Aid Devices Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- Sonova Holding AG
- Demant A/S
- GN Store Nord A/S
- Cochlear Limited
- Starkey Hearing Technologies
- Rion Co., Ltd.
- WS Audiology A/S
- Medtronic Plc.
- Amplifon SpA
- MED-EL
- Eargo, Inc.
- Horentek
- Nano Hearing Aids
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Device Type |
|
| Breakup by Type of Hearing Loss |
|
| Breakup by Technology |
|
| Breakup by Patient Type |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Hearing Aid Devices Market Overview
3.1 Global Hearing Aid Devices Market Historical Value (2017-2023)
3.2 Global Hearing Aid Devices Market Forecast Value (2024-2032)
4 Global Hearing Aid Devices Market Landscape
4.1 Global Hearing Aid Devices Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Hearing Aid Devices Product Landscape
4.2.1 Analysis by Product Type
4.2.2 Analysis by Device Type
4.2.3 Analysis by Type of Hearing Loss
4.2.4 Analysis by Technology
4.2.5 Analysis by Patient Type
5 Global Hearing Aid Devices Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Hearing Aid Devices Market Segmentation
6.1 Global Hearing Aid Devices Market by Product Type
6.1.1 Market Overview
6.1.2 Hearing Aid Devices
6.1.3 Hearing Implants
6.2 Global Hearing Aid Devices Market by Device Type
6.2.1 Market Overview
6.2.2 Prescription-Based
6.2.3 Over the Counter
6.3 Global Hearing Aid Devices Market by Type of Hearing Loss
6.3.1 Market Overview
6.3.2 Sensorineural
6.3.3 Conductive
6.4 Global Hearing Aid Devices Market by Technology
6.4.1 Market Overview
6.4.2 Conventional Hearing Aids
6.4.3 Digital Hearing Aids
6.5 Global Hearing Aid Devices Market by Patient Type
6.5.1 Market Overview
6.5.2 Adults
6.5.3 Pediatrics and children
6.6 Global Hearing Aid Devices Market by Distribution Channel
6.6.1 Market Overview
6.6.2 Online
6.6.3 Offline
6.7 Global Hearing Aid Devices Market by Region
6.7.1 Market Overview
6.7.2 North America
6.7.3 Europe
6.7.4 Asia Pacific
6.7.5 Latin America
6.7.6 Middle East and Africa
7 North America Hearing Aid Devices Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Hearing Aid Devices Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Hearing Aid Devices Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Hearing Aid Devices Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Hearing Aid Devices Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Sonova Holding AG
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Demant A/S
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 GN Store Nord A/S
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Cochlear Limited
17.4.1 Financial Analysis
17.4.2 Financial Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Starkey Hearing Technologies
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Rion Co., Ltd.
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 WS Audiology A/S
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 Medtronic Plc.
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Amplifon SpA
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 MED-EL
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 Eargo, Inc.
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
17.12 Horentek
17.12.1 Financial Analysis
17.12.2 Product Portfolio
17.12.3 Demographic Reach and Achievements
17.12.4 Mergers and Acquisitions
17.12.5 Certifications
17.13 Nano Hearing Aids
17.13.1 Financial Analysis
17.13.2 Product Portfolio
17.13.3 Demographic Reach and Achievements
17.13.4 Mergers and Acquisitions
17.13.5 Certifications
18 Global Hearing Aid Devices Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
The market attained a value of about USD 10.30 billion in 2023 driven by the increasing prevalence of hearing disorders.
The market is anticipated to grow at a CAGR of 6.2% during the forecast period of 2024-2032, likely to reach a market value of USD 17.65 billion by 2032.
The key factors aiding the market growth include increasing prevalence of hearing disorders and the increasing geriatric population.
The increasing awareness among people towards the overall appearance of hearing aid devices is a major key trend driving the market growth.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America is currently leading the global market.
The different types of products in the market are hearing aid devices and hearing implants.
The different types of hearing aid devices in the market are prescription-based and over the counter.
The different types of hearing loss are sensorineural and conductive.
The different technologies in the market include conventional hearing aids and digital hearing aids.
The different type of patients includes adults, pediatrics, and children.
The different distribution channels in the market include online, and offline channels.
Key players involved in the market are Sonova Holding AG, Demant A/S, GN Store Nord A/S, Cochlear Limited, Starkey Hearing Technologies, Rion Co., Ltd., WS Audiology A/S, Medtronic Plc., Amplifon SpA, MED-EL, Eargo, Inc., Horentek, and Nano Hearing Aids.
Purchase Options 10% off
Call us
Purchase Full Report
Mini Report
$ 2969
$2699
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 5499
$4999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 6599
$5999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 7699
$6999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER