Market Overview:
The global CIC hearing aids market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing prevalence of hearing loss, technological advancements in digital signal processing (DSP) hearing aids, and rising demand for invisible and discreet hearing aids. In terms of type, the digital signal processing (DSP) segment is expected to account for a larger share of the global CIC hearing aids market during the forecast period. This can be attributed to DSP technology’s ability to provide better sound quality and clarity as compared to traditional analog technology. Based on application, hospitals & clinics are expected to account for a larger share of the global CIC hearing aids market during the forecast period.
Product Definition:
CIC stands for "Completely In the Canal" and is a type of hearing aid that sits in the ear canal and is not visible from outside the ear. They are custom fitted to each individual, so they are more expensive than some other types of hearing aids, but many people find them very comfortable and unobtrusive. Because they are small and fit snugly in the ear canal, CIC hearing aids are good for people with mild to moderate hearing loss.
Digital Signal Processing Hearing Aids:
Hearing aids are electronic devices that amplify sounds and help to restore normal hearing. They work on the principle of increasing the intensity of sound waves by amplifying the weak acoustic signals received by the Cochlea. The amplification process is done with two microphones, one for each ear, which are connected to a small amplifier that is worn in a pocket or behind a collar.
Simulated Signal Processing Hearing Aids:
Simulated signal processing hearing aids are used in CIC (Custom Integrated Capsule) hearing aids. The basic function of these devices is to amplify speech and cancels external noise. These devices can be connected with a smartphone app that provides additional features such as sound equalization, noise reduction, and personal sound profile setting.
Application Insights:
The others application segment held the largest share of over 50.0% in 2017. The other applications include industrial and commercial use. Increasing number of hearing-impaired people and rising awareness about the benefits associated with CIC aids are some of the factors driving the global market growth for hearing aids in general, and CIC-based hearing aids in particular, at an accelerated pace.
Hospital & clinics is expected to be one of the fastest growing segments owing to a large number of aging population suffering from various kinds of Hearing Loss (OLD). Moreover, increasing investments by governments for developing healthcare infrastructure is also anticipated to boost industry growth over next few years.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare infrastructure, high disposable income, and favorable government initiatives are some of the major factors responsible for its dominance. Moreover, increasing cases of deafness among aging population is expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to improving healthcare facilities & infrastructure and rising awareness about hearing aids in emerging countries such as China & India. In addition, growing demand for consumer products due to changing lifestyles will support regional growth during the estimated time span.
Growth Factors:
- Increasing prevalence of hearing loss: The global population is aging, and with this, the prevalence of hearing loss is also increasing. This will create demand for CIC Hearing Aids as people seek to improve their quality of life.
- Rising awareness about the benefits of using CIC Hearing Aids: There is a growing awareness among people about the benefits of using CIC Hearing Aids, which is driving demand for these devices.
- Technological advancements: The technology used in CIC Hearing Aids continues to evolve, offering better sound quality and more features. This will spur demand for these devices in the coming years.
- Growing popularity of custom-fit earphones: Custom-fit earphones are becoming increasingly popular due to their superior sound quality and comfort levels compared to traditional earphones/headphones. This will boost demand for CIC Hearing Aids in the coming years as well.. 5) Increased focus on health & wellness by consumers: There has been a growing trend among consumers towards adopting healthier lifestyles, which includes paying more attention to their auditory health .This will lead to increased uptake of CIC Hearing aids in the future
Scope Of The Report
Report Attributes
Report Details
Report Title
CIC Hearing Aids Market Research Report
By Type
Digital Signal Processing Hearing Aids, Simulated Signal Processing Hearing Aids
By Application
Hospital & Clinics, Home & Consumer Use, Others
By Companies
William Demant, Sonovav, GN Store Nord, Sivantos Group, Widex, Starkey, William Demant
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
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global CIC Hearing Aids Market Report Segments:
The global CIC Hearing Aids market is segmented on the basis of:
Types
Digital Signal Processing Hearing Aids, Simulated Signal Processing Hearing Aids
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
Hospital & Clinics, Home & Consumer Use, Others
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:
- William Demant
- Sonovav
- GN Store Nord
- Sivantos Group
- Widex
- Starkey
- William Demant
Highlights of The CIC Hearing Aids 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:
- Digital Signal Processing Hearing Aids
- Simulated Signal Processing Hearing Aids
- By Application:
- Hospital & Clinics
- Home & Consumer Use
- Others
- 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 CIC Hearing Aids 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?
CIC Hearing Aids is a company that manufactures and sells hearing aids.
Some of the key players operating in the cic hearing aids market are William Demant, Sonovav, GN Store Nord, Sivantos Group, Widex, Starkey, William Demant.
The cic hearing aids market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 CIC Hearing Aids 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 CIC Hearing Aids Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 CIC Hearing Aids 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 CIC Hearing Aids 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 CIC Hearing Aids Market Size & Forecast, 2020-2028
4.5.1 CIC Hearing Aids Market Size and Y-o-Y Growth
4.5.2 CIC Hearing Aids 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 Digital Signal Processing Hearing Aids
5.2.2 Simulated Signal Processing Hearing Aids
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 Hospital & Clinics
6.2.2 Home & Consumer Use
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global CIC Hearing Aids 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 CIC Hearing Aids 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 Digital Signal Processing Hearing Aids
9.6.2 Simulated Signal Processing Hearing Aids
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 Hospital & Clinics
9.10.2 Home & Consumer Use
9.10.3 Others
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 Digital Signal Processing Hearing Aids
10.6.2 Simulated Signal Processing Hearing Aids
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 Hospital & Clinics
10.10.2 Home & Consumer Use
10.10.3 Others
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 Digital Signal Processing Hearing Aids
11.6.2 Simulated Signal Processing Hearing Aids
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 Hospital & Clinics
11.10.2 Home & Consumer Use
11.10.3 Others
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 Digital Signal Processing Hearing Aids
12.6.2 Simulated Signal Processing Hearing Aids
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 Hospital & Clinics
12.10.2 Home & Consumer Use
12.10.3 Others
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 Digital Signal Processing Hearing Aids
13.6.2 Simulated Signal Processing Hearing Aids
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 Hospital & Clinics
13.10.2 Home & Consumer Use
13.10.3 Others
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 CIC Hearing Aids Market: Competitive Dashboard
14.2 Global CIC Hearing Aids Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 William Demant
14.3.2 Sonovav
14.3.3 GN Store Nord
14.3.4 Sivantos Group
14.3.5 Widex
14.3.6 Starkey
14.3.7 William Demant
