Market Overview:
The global batteries for hearing aids market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of hearing loss, rising demand for advanced and portable hearing aids, and growing awareness about the benefits of using batteries for hearing aids. The global batteries for hearing aids market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into 312 type, 675 type, 13 type, and other types. The 312 type segment is expected to hold a major share in the global battery for hearing aid market owing to its high performance and long life span as compared to other types of batteries available in the market.
Product Definition:
Batteries for Hearing Aid is a type of battery that is specifically designed to be used in hearing aids. These batteries are typically small and lightweight, which makes them easy to carry around. They also have a long lifespan, which means they can be used for an extended period of time.
312 Type:
The 312 type is used in hearing aid batteries and finds its usage in the market for two major reasons, firstly it has a higher energy density than other battery types such as lithium ion or lithium polymer which are used in hearing aids. The second reason is that this battery type can be recycled more easily than others.
Factors like growing demand from end-use industries such as medical & healthcare, consumer electronics.
675 Type:
675 is a type of electrolytic cell that uses zinc anode and copper cathode. It has two electrodes with a separator between them. The anode is positively charged while the cathode is negatively charged. When the battery discharges, it goes through oxidation/reduction cycle where Zn2+ ions move from cathode to Anodic side and Cu2+ ions move from Anodic side to Cathodic side due to presence of electrolyte in between them.
Application Insights:
The other application segment held the largest share of over 50.0% in 2017. The growth can be attributed to growing demand for hearing aids from developing countries, such as India, China and Brazil. In addition, increasing disposable income has enabled more people to purchase a hearing aid than before. This is expected to drive the market over the forecast period.
Hearing loss is one of the most common medical conditions that affects adults around the world and it becomes increasingly prevalent with age group 60+. According to data published by World Health Organization (WHO) in 2016, nearly 1 billion people are affected by hearing loss globally which accounts for 15% of all prevalence among adults worldwide while another study states that around 40 million Americans aged between 65 and 74 years have some degree of hearing difficulty due to aging ears or noise exposure which amounts to 20%.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to high disposable income, technological advancements, and a rise in consumer awareness about audiology devices. The region is expected to maintain its dominance throughout the forecast period owing to increasing R&D investments by manufacturers and increased adoption of advanced hearing aids. Europe followed North America in terms of share and accounted for over 25% of the overall revenue share in 2017 due to growing demand from countries such as Germany, France, Italy, U.K.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising disposable income coupled with increasing healthcare expenditure by governments & private sectors especially due it’s low-cost treatment options offered by government hospitals & clinics which are preferred by many patients suffering from MHLW Hearing Loss or Tinnitus ( ringing ears).
Growth Factors:
- Increasing demand for hearing aids owing to the growing geriatric population
- Rising disposable income of consumers, which is resulting in an increase in the adoption of premium hearing aids
- Proliferation of digital technologies and their increasing use in portable electronic devices such as smartphones and tablets is driving the demand for batteries for hearing aids
- Growing awareness about the benefits of using hearing aids among people with mild to moderate hearing loss is propelling the growth of this market
- Technological advancements that are resulting in smaller, sleeker, and more powerful batteries are providing a boost to this market
Scope Of The Report
Report Attributes
Report Details
Report Title
Batteries for Hearing Aid Market Research Report
By Type
312 Type, 675 Type, 13 Type, Other
By Application
Behind-the-ear (BTE) Hearing Aids, ITE Hearing Aid, Other
By Companies
Energizer Holdings, Montana Tech, Duracell, Panasonic, Sony, Toshiba, ZeniPower, Swatch, Kodak, NANFU, NEXcell
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
134
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Batteries for Hearing Aid Market Report Segments:
The global Batteries for Hearing Aid market is segmented on the basis of:
Types
312 Type, 675 Type, 13 Type, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Behind-the-ear (BTE) Hearing Aids, ITE Hearing Aid, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Energizer Holdings
- Montana Tech
- Duracell
- Panasonic
- Sony
- Toshiba
- ZeniPower
- Swatch
- Kodak
- NANFU
- NEXcell
Highlights of The Batteries for Hearing Aid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 312 Type
- 675 Type
- 13 Type
- Other
- By Application:
- Behind-the-ear (BTE) Hearing Aids
- ITE Hearing Aid
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Batteries for Hearing Aid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Batteries for hearing aids are small, rechargeable devices that help people with hearing loss hear better. They work by converting sound into electrical signals that the person can understand.
Some of the major players in the batteries for hearing aid market are Energizer Holdings, Montana Tech, Duracell, Panasonic, Sony, Toshiba, ZeniPower, Swatch, Kodak, NANFU, NEXcell.
The batteries for hearing aid market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Batteries for Hearing Aid Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Batteries for Hearing Aid Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Batteries for Hearing Aid Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Batteries for Hearing Aid Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Batteries for Hearing Aid Market Size & Forecast, 2020-2028
4.5.1 Batteries for Hearing Aid Market Size and Y-o-Y Growth
4.5.2 Batteries for Hearing Aid Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 312 Type
5.2.2 675 Type
5.2.3 13 Type
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Behind-the-ear (BTE) Hearing Aids
6.2.2 ITE Hearing Aid
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Batteries for Hearing Aid Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Batteries for Hearing Aid Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 312 Type
9.6.2 675 Type
9.6.3 13 Type
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Behind-the-ear (BTE) Hearing Aids
9.10.2 ITE Hearing Aid
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 312 Type
10.6.2 675 Type
10.6.3 13 Type
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Behind-the-ear (BTE) Hearing Aids
10.10.2 ITE Hearing Aid
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 312 Type
11.6.2 675 Type
11.6.3 13 Type
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Behind-the-ear (BTE) Hearing Aids
11.10.2 ITE Hearing Aid
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 312 Type
12.6.2 675 Type
12.6.3 13 Type
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Behind-the-ear (BTE) Hearing Aids
12.10.2 ITE Hearing Aid
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 312 Type
13.6.2 675 Type
13.6.3 13 Type
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Behind-the-ear (BTE) Hearing Aids
13.10.2 ITE Hearing Aid
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Batteries for Hearing Aid Market: Competitive Dashboard
14.2 Global Batteries for Hearing Aid Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Energizer Holdings
14.3.2 Montana Tech
14.3.3 Duracell
14.3.4 Panasonic
14.3.5 Sony
14.3.6 Toshiba
14.3.7 ZeniPower
14.3.8 Swatch
14.3.9 Kodak
14.3.10 NANFU
14.3.11 NEXcell
