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Global Hearing Aids Market Size, Share, Growth, Forecast: By Product Type: In-the-Ear Hearing Aids, Receiver-in-the-Ear Hearing Aids, Behind-the-Ear Hearing Aids, Canal Hearing Aids; By Technology Type; By Distribution Channel; By Patient Type; Regional Analysis; Competitive Landscape; Industry Events and Developments; 2022-2027

Global Hearing Aids Market Outlook

The global hearing aids market is expected to grow at a CAGR of 5.9% during the period 2022-2027. North America, Europe and Asia are likely to be key markets.

 

Global Market Likely to be Driven by Rising Number of Cases Related to Hearing Loss

It is estimated that approximately 2.5 billion people across the globe would experience some degree of hearing loss by 2050; at the minimum, approximately 700 million of such people might need access to ear and hearing care and other rehabilitation facilities. Only in the USA, hearing loss that interferes with quality of life affects over forty-seven million people. By 2050, approximately 666 million people are estimated to experience some type of hearing loss in South-East Asia. While cost and complexity of treatment may prove to be barriers to getting help for a group of individuals, leading companies are helping owners set up and customize their hearing aids from home. Such advancements are expected to boost the global hearing aids market.

 

Hearing aids are small electronic devices worn behind the ear; these amplify some sounds to enable a person with hearing loss to listen, communicate, and participate to a greater degree in everyday activities. Hearing aids enable better hearing in noisy as well as noisy conditions. These devices also assist in enhancing hearing and speech comprehension when hearing loss is the result of damage to small sensory cells in the inner ear. The damage could be a result of disease, ageing, or injury from noise or some medicines.

 

Variety of Hearing Aids Available and Additional Features Offered Likely to Boost Market Growth

There are various types of hearing aids, including:

 

Behind-the-ear (BTE) – Such systems are made up of a solid plastic case that is worn behind the ear and connected to a plastic earmold fitting within the outer ear. The electronic components are contained in the casing behind the ear. Open-fit is a new kind of small fit  BTE aid that  fits well behind the ear; a thin tube is put into the ear canal which lets the canal to remain open.

 

In-the-ear (ITE) – Used by people experiencing mild to severe hearing loss. ITE aids completely fit inside the outer ear. The case holding electronic components is made of solid plastic. Several ITE aids offer additional features like telecoil which enables easy hearing of conversations over the phone.

 

Canal aids – These are available in two types and both are employed for mild to moderately severe hearing loss- in-the-canal (ITC) hearing aid and completely-in-canal (CIC) hearing aid.

 

Analogue aids change sound waves to amplified electrical signals. Analogue/adjustable hearing aids are custom built to fulfil user needs. Some analogue hearing aids are programmable and have several programs or settings; the program may be altered for different listening environments.

 

Digital aids change sound waves to numerical codes. The code carries data about a sound’s pitch or loudness, thus, the aid may be programmed to strengthen some frequencies over others. Digital aids can also can be programmed to concentrate on sounds coming from a particular direction.

 

Additional features offered by hearing aids to enhance hearing ability in particular situations include reduction in noise, rechargeable batteries, telecoils, remote controls, directional microphones, direct audio input, variable programming, wireless connectivity, synchronization, etc. Such variety of hearing aids available and additional features offered are likely to drive the global hearing aids market.

 

Market Segmentation

By product type, the market is classified into:

  • In-the-Ear Hearing Aids
  • Receiver-in-the-Ear Hearing Aids
  • Behind-the-Ear Hearing Aids
  • Canal Hearing Aids

 

By technology type, the market is divided into:

  • Analog Hearing Aids
  • Digital Hearing Aids

 

By distribution channel, the market is classified into:

  • Government Purchases
  • Retail
  • Online

 

By patient type, the market is segmented into:

  • Paediatrics/Children
  • Adults

 

By region, the market is classified into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 

Key Industry Players in the Market

The report presents a detailed analysis of the following key players in the global hearing aids market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Sonova AG
  • SeboTek Hearing Systems, LLC.
  • Eargo Inc.
  • Elkon Pvt Ltd.
  • RION Co, Ltd.
  • Others

 

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Technology Type
  • Distribution Channel
  • Patient Type
  • Region
Breakup by Product Type
  • In-the-Ear Hearing Aids
  • Receiver-in-the-Ear Hearing Aids
  • Behind-the-Ear Hearing Aids
  • Canal Hearing Aids
Breakup by Technology Type
  • Analog Hearing Aids
  • Digital Hearing Aids
Breakup by Distribution Channel
  • Government Purchases
  • Retail
  • Online
Breakup by Patient Type
  • Paediatrics/Children
  • Adults
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Price Analysis
  • Historical Price Trends
  • Forecast Price Trends
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Sonova AG
  • SeboTek Hearing Systems, LLC.
  • Eargo Inc.
  • Elkon Pvt Ltd.
  • RION Co, Ltd.
  • Others

 

*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Hearing Aids Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Hearing Aids Historical Market (2017-2021) 
    8.3    Global Hearing Aids Market Forecast (2022-2027)
    8.4    Global Hearing Aids Market by Product Type
        8.4.1    In-the-Ear Hearing Aids
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Receiver-in-the-Ear Hearing Aids
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Behind-the-Ear Hearing Aids
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Canal Hearing Aids
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
    8.5    Global Hearing Aids Market by Technology Type
        8.5.1    Analogue Hearing Aids
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Digital Hearing Aids
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
    8.6    Global Hearing Aids Market by Distribution Channel
        8.6.1    Government Purchases
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Retail
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Online
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
    8.7    Global Hearing Aids Market by Patient Type
        8.7.1    Paediatrics/Children
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2017-2021)
            8.7.1.3    Forecast Trend (2022-2027)
        8.7.2    Adults
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2017-2021)
            8.7.2.3    Forecast Trend (2022-2027)
    8.8    Global Hearing Aids Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Trade Data Analysis (HS Code- 902140)
    11.1    Major Exporting Countries
        11.1.1    By Value
        11.1.2    By Volume
    11.2    Major Importing Countries
        11.2.1    By Value
        11.2.2    By Volume 
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    Sonova AG
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    SeboTek Hearing Systems, LLC.
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    Eargo Inc.
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    Elkon Pvt Ltd.
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    RION Co, Ltd.
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certifications
        13.2.6    Others
14    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Hearing Aids Market: Key Industry Highlights, 2017 and 2027
2.    Global Hearing Aids Historical Market: Breakup by Product Type (USD Million), 2017-2021
3.    Global Hearing Aids Market Forecast: Breakup by Product Type (USD Million), 2022-2027
4.    Global Hearing Aids Historical Market: Breakup by Technology Type (USD Million), 2017-2021
5.    Global Hearing Aids Market Forecast: Breakup by Technology Type (USD Million), 2022-2027
6.    Global Hearing Aids Historical Market: Breakup by Distribution Channels (USD Million), 2017-2021
7.    Global Hearing Aids Market Forecast: Breakup by Distribution Channels (USD Million), 2022-2027
8.    Global Hearing Aids Historical Market: Breakup by Patient Type (USD Million), 2017-2021
9.    Global Hearing Aids Market Forecast: Breakup by Patient Type (USD Million), 2022-2027
10.    Global Hearing Aids Historical Market: Breakup by Region (USD Million), 2017-2021
11.    Global Hearing Aids Market Forecast: Breakup by Region (USD Million), 2022-2027
12.    North America Hearing Aids Historical Market: Breakup by Country (USD Million), 2017-2021
13.    North America Hearing Aids Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Europe Hearing Aids Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Europe Hearing Aids Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Asia Pacific Hearing Aids Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Asia Pacific Hearing Aids Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Latin America Hearing Aids Historical Market: Breakup by Country (USD Million), 2017-2021
19.    Latin America Hearing Aids Market Forecast: Breakup by Country (USD Million), 2022-2027
20.    Middle East and Africa Hearing Aids Historical Market: Breakup by Country (USD Million), 2017-2021
21.    Middle East and Africa Hearing Aids Market Forecast: Breakup by Country (USD Million), 2022-2027
22.    Major Exporting Countries by Value
23.    Major Importing Countries by Value
24.    Major Exporting Countries by Volume
25.    Major Importing Countries by Volume
26.    Global Hearing Aids Market Structure

Key Questions Answered in the Report

The market is estimated to grow at a CAGR of 5.9% between 2022 and 2027.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major drivers of the market include the increasing prevalence of hearing loss, owing to the heightened exposure to loud noises, ototoxic medications and head injuries, rising healthcare expenditure, and growing awareness among the geriatric population about the product.

The increasing incorporation of Bluetooth and Wi-Fi technology and increasing sales volume of hearing devices are the key trends in the market.

A hearing aid comes with adjustable volume system and can be turned-off and on easily.

Hearing aids receive the sound of the noise present in the environment and amplifies them. This amplified sound is sent to the ear through a speaker.

In-the-ear hearing aids, receiver-in-the-ear hearing aids, behind-the-ear hearing aids, and canal hearing aids are the different segments based on product type in the market.

Analogue hearing aids and digital hearing aids are the segmentations of the market based on technology type.

The several distribution channels in the market are government purchases, retail and online.

Paediatrics/children and adults are the different patient types included in the market report.

The major players in the industry are Sonova AG, SeboTek Hearing Systems, LLC., Eargo Inc., Elkon Pvt Ltd., and RION Co, Ltd., among others.

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