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Hearing Aids Market

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 9.21 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 15.43 billion by 2032.

 

hearing-aids-market

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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.

 

hearing-aids-market-by-segmentation

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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

 

hearing-aids-market-by-region

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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:

  • Product Type
  • Technology
  • Type of Hearing Loss
  • Population Type
  • Treatment Channel
  • End User
  • 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
  • Digital Hearing Aids
  • Analog Hearing Aids
Breakup by Type of Hearing Loss
  • Sensorineural Hearing Loss
  • Conductive Hearing Loss
  • Mix Hearing Loss
Breakup by Population Type
  • Children
  • Adults
  • Geriatrics
Breakup by Treatment Channel
  • Public
  • Private
Breakup by End User
  • Hospitals
  • Otology Clinics
  • Ambulatory Clinics
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • Abbott
  • WIDEX A/S
  • GN Store Nord A/S
  • Sonova
  • Sivantos
  • Microson
  • Horentek
  • RION CO. Ltd
  • Demant A/S
  • Amplifon
  • Starkey
  • MED-EL Medical Electronics
  • Cochlear Ltd.
  • SeboTek Hearing Systems, LLC.
  • Audina Hearing Instruments, Inc.
  • Arphi Electronics Private Limited
  • Sound One India
  • Amplicon
  • MED-EL Medical Electronics (Austria)

 

*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 9.21 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 15.43 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.

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