Reports
Sale
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; By Type of Hearing Loss; By Population Type; By Treatment Channel; By End User; Regional Analysis; Supplier Landscape; 2024-2032
Global Hearing Aids Market Outlook
The global hearing aids market size attained a value of USD 8.7 billion in 2023. The market is anticipated to grow at a CAGR of 5.9% during the forecast period of 2024-2032, likely to attain a value of USD 14.6 billion by 2032.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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 | 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 Technology |
|
| Breakup by Type of Hearing Loss |
|
| Breakup by Population Type |
|
| Breakup by Treatment Channel |
|
| Breakup by End User |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Supplier 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 Aids Market Overview
3.1 Global Hearing Aids Market Historical Value (2017-2023)
3.2 Global Hearing Aids Market Forecast Value (2024-2032)
4 Global Hearing Aids Market Landscape
4.1 Global Hearing Aids 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 Aids Product Landscape
4.2.1 Analysis by Product Type
4.2.2 Analysis by Technology
4.2.3 Analysis by End User
5 Global Hearing Aids 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 Aids Market Segmentation
6.1 Global Hearing Aids Market by Product Type
6.1.1 Market Overview
6.1.2 In-the-Ear Hearing Aids
6.1.3 Receiver-In-the-Ear Hearing Aids
6.1.4 Behind-the-Ear Hearing Aids
6.1.5 Canal Hearing Aids
6.2 Global Hearing Aids Market by Technology
6.2.1 Market Overview
6.2.2 Digital Hearing Aids
6.2.3 Analog Hearing Aids
6.3 Global Hearing Aids Market by Type of Hearing Loss
6.3.1 Market Overview
6.3.2 Sensorineural Hearing Loss
6.3.3 Conductive Hearing Loss
6.3.4 Mix Hearing Loss
6.4 Global Hearing Aids Market by Population Type
6.4.1 Market Overview
6.4.2 Children
6.4.3 Adults
6.4.3.1 Male
6.4.3.2 Female
6.4.4 Geriatrics
6.4.4.1 Male
6.4.4.2 Female
6.5 Global Hearing Aids Market by Treatment Channel
6.5.1 Market Overview
6.5.2 Public
6.5.3 Private
6.6 Global Hearing Aids Market by End User
6.6.1 Market Overview
6.6.2 Hospitals
6.6.3 Otology Clinics
6.6.4 Ambulatory Clinics
6.6.5 Others
6.7 Global Hearing Aids 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 Aids Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Hearing Aids 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 Aids 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 Aids 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 Aids 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 Clinical Trials Analysis
14.1 Analysis by Trial Registration Year
14.2 Analysis by Trial Status
14.3 Analysis by Trial Phase
14.4 Analysis by Therapeutic Area
14.5 Analysis by Geography
15 Funding Analysis
15.1 Analysis by Funding Instances
15.2 Analysis by Type of Funding
15.3 Analysis by Funding Amount
15.4 Analysis by Leading Players
15.5 Analysis by Leading Investors
15.6 Analysis by Geography
16 Partnership and Collaborations Analysis
16.1 Analysis by Partnership Instances
16.2 Analysis by Type of Partnership
16.3 Analysis by Leading Players
16.4 Analysis by Geography
17 Regulatory Framework
17.1 Regulatory Overview
17.1.1 US FDA
17.1.2 EU EMA
17.1.3 INDIA CDSCO
17.1.4 JAPAN PMDA
17.1.5 Others
18 Supplier Landscape
18.1 Abbott
18.1.1 Financial Analysis
18.1.2 Product Portfolio
18.1.3 Demographic Reach and Achievements
18.1.4 Mergers and Acquisitions
18.1.5 Certifications
18.2 WIDEX A/S
18.2.1 Financial Analysis
18.2.2 Product Portfolio
18.2.3 Demographic Reach and Achievements
18.2.4 Mergers and Acquisitions
18.2.5 Certifications
18.3 GN Store Nord A/S
18.3.1 Financial Analysis
18.3.2 Product Portfolio
18.3.3 Demographic Reach and Achievements
18.3.4 Mergers and Acquisitions
18.3.5 Certifications
18.4 Sonova
18.4.1 Financial Analysis
18.4.2 Product Portfolio
18.4.3 Demographic Reach and Achievements
18.4.4 Mergers and Acquisitions
18.4.5 Certifications
18.5 Sivantos
18.5.1 Financial Analysis
18.5.2 Product Portfolio
18.5.3 Demographic Reach and Achievements
18.5.4 Mergers and Acquisitions
18.5.5 Certifications
18.6 Microson
18.6.1 Financial Analysis
18.6.2 Product Portfolio
18.6.3 Demographic Reach and Achievements
18.6.4 Mergers and Acquisitions
18.6.5 Certifications
18.7 Horentek
18.7.1 Financial Analysis
18.7.2 Product Portfolio
18.7.3 Demographic Reach and Achievements
18.7.4 Mergers and Acquisitions
18.7.5 Certifications
18.8 RION CO. Ltd
18.8.1 Financial Analysis
18.8.2 Product Portfolio
18.8.3 Demographic Reach and Achievements
18.8.4 Mergers and Acquisitions
18.8.5 Certifications
18.9 Demant A/S
18.9.1 Financial Analysis
18.9.2 Product Portfolio
18.9.3 Demographic Reach and Achievements
18.9.4 Mergers and Acquisitions
18.9.5 Certifications
18.10 Amplifon
18.10.1 Financial Analysis
18.10.2 Product Portfolio
18.10.3 Demographic Reach and Achievements
18.10.4 Mergers and Acquisitions
18.10.5 Certifications
18.11 Starkey
18.11.1 Financial Analysis
18.11.2 Product Portfolio
18.11.3 Demographic Reach and Achievements
18.11.4 Mergers and Acquisitions
18.11.5 Certifications
18.12 MED-EL Medical Electronics
18.12.1 Financial Analysis
18.12.2 Product Portfolio
18.12.3 Demographic Reach and Achievements
18.12.4 Mergers and Acquisitions
18.12.5 Certifications
18.13 Cochlear Ltd.
18.13.1 Financial Analysis
18.13.2 Product Portfolio
18.13.3 Demographic Reach and Achievements
18.13.4 Mergers and Acquisitions
18.13.5 Certifications
18.14 SeboTek Hearing Systems, LLC.
18.14.1 Financial Analysis
18.14.2 Product Portfolio
18.14.3 Demographic Reach and Achievements
18.14.4 Mergers and Acquisitions
18.14.5 Certifications
18.15 Audina Hearing Instruments, Inc.
18.15.1 Financial Analysis
18.15.2 Product Portfolio
18.15.3 Demographic Reach and Achievements
18.15.4 Mergers and Acquisitions
18.15.5 Certifications
18.16 Arphi Electronics Private Limited
18.16.1 Financial Analysis
18.16.2 Product Portfolio
18.16.3 Demographic Reach and Achievements
18.16.4 Mergers and Acquisitions
18.16.5 Certifications
18.17 Sound One India
18.17.1 Financial Analysis
18.17.2 Product Portfolio
18.17.3 Demographic Reach and Achievements
18.17.4 Mergers and Acquisitions
18.17.5 Certifications
18.18 Amplicon
18.18.1 Financial Analysis
18.18.2 Product Portfolio
18.18.3 Demographic Reach and Achievements
18.18.4 Mergers and Acquisitions
18.18.5 Certifications
18.19 MED-EL Medical Electronics (Austria)
18.19.1 Financial Analysis
18.19.2 Product Portfolio
18.19.3 Demographic Reach and Achievements
18.19.4 Mergers and Acquisitions
18.19.5 Certifications
19 Global Hearing Aids Market- Distribution Model (Additional Insight)
19.1 Overview
19.2 Potential Distributors
19.3 Key Parameters for Distribution Partner Assessment
20 Key Opinion Leaders (KOL) Insights (Additional Insight)
21 Company Competitiveness Analysis (Additional Insight)
21.1 Very Small Companies
21.2 Small Companies
21.3 Mid-Sized Companies
21.4 Large Companies
21.5 Very Large Companies
22 Payment Methods (Additional Insight)
22.1 Government Funded
22.2 Private Insurance
22.3 Out-of-Pocket
23 Pricing Models and Strategies (Additional Insight)
23.1 Overview
23.2 Cost Model
23.3 Pricing Strategies
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
The global Hearing Aids Market was valued at USD 8.7 billion in 2023.
The market is expected to grow at a CAGR of 5.9% from 2024 to 2032 to reach a value of USD 14.6 billion by 2032.
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.
Purchase Options
Call us on
Purchase Full Report
Mini Report
$ 3499
$1999
-
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
$ 5999
$2999
-
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
$ 7999
$3999
-
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
$ 9999
$5999
-
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