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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; 2023-2028
Global Hearing Aids Market Outlook
The global hearing aids market is expected to grow at a CAGR of 5.9% during the period 2023-2028. 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 | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Technology Type |
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| Breakup by Distribution Channel |
|
| Breakup by Patient Type |
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| Breakup by Region |
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| Market Dynamics |
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| Trade Data Analysis |
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| Price Analysis |
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| Competitive Landscape |
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| Companies Covered |
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*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
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 Opportunities and Challenges in the Market
8 Global Hearing Aids Market Analysis
8.1 Key Industry Highlights
8.2 Global Hearing Aids Historical Market (2018-2022)
8.3 Global Hearing Aids Market Forecast (2023-2028)
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 (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Receiver-in-the-Ear Hearing Aids
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Behind-the-Ear Hearing Aids
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Canal Hearing Aids
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
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 (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Digital Hearing Aids
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
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 (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Retail
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Online
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
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 (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Adults
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.8 Global Hearing Aids Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2022)
8.8.5.3 Forecast Trend (2023-2028)
9 North America Hearing Aids Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Hearing Aids Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Hearing Aids Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Hearing Aids Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Hearing Aids Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code - 902140)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Price Analysis
16.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
16.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Merck KGaA
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Solvay SA
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Columbus Chemical Industries (CCI)
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 LANXESS AG
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Honeywell International Inc.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Hearing Aids Market: Key Industry Highlights, 2018 and 2028
2. Global Hearing Aids Historical Market: Breakup by Product Type (USD Million), 2018-2022
3. Global Hearing Aids Market Forecast: Breakup by Product Type (USD Million), 2023-2028
4. Global Hearing Aids Historical Market: Breakup by Technology Type (USD Million), 2018-2022
5. Global Hearing Aids Market Forecast: Breakup by Technology Type (USD Million), 2023-2028
6. Global Hearing Aids Historical Market: Breakup by Distribution Channels (USD Million), 2018-2022
7. Global Hearing Aids Market Forecast: Breakup by Distribution Channels (USD Million), 2023-2028
8. Global Hearing Aids Historical Market: Breakup by Patient Type (USD Million), 2018-2022
9. Global Hearing Aids Market Forecast: Breakup by Patient Type (USD Million), 2023-2028
10. Global Hearing Aids Historical Market: Breakup by Region (USD Million), 2018-2022
11. Global Hearing Aids Market Forecast: Breakup by Region (USD Million), 2023-2028
12. North America Hearing Aids Historical Market: Breakup by Country (USD Million), 2018-2022
13. North America Hearing Aids Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Europe Hearing Aids Historical Market: Breakup by Country (USD Million), 2018-2022
15. Europe Hearing Aids Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Asia Pacific Hearing Aids Historical Market: Breakup by Country (USD Million), 2018-2022
17. Asia Pacific Hearing Aids Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Latin America Hearing Aids Historical Market: Breakup by Country (USD Million), 2018-2022
19. Latin America Hearing Aids Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Middle East and Africa Hearing Aids Historical Market: Breakup by Country (USD Million), 2018-2022
21. Middle East and Africa Hearing Aids Market Forecast: Breakup by Country (USD Million), 2023-2028
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 2023 and 2028.
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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