Market Overview:
The global digital hearing aid market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of hearing loss, rising awareness about the benefits of using digital hearing aids, and technological advancements in digital hearing aids. The adult segment is expected to account for the majority share of the global digital hearing aid market in 2018. This segment is expected to grow at a CAGR of 5.7% from 2018 to 2030 due to increasing geriatric population and growing awareness about available treatment options for treating various types of hearing loss. The hospital application segment is expected to account for the majority share of the global digital hearing aid market in 2018.
Product Definition:
A digital hearing aid is a device that helps improve the hearing of people with hearing loss. It does this by amplifying sound and then sending it to the ear canal. Digital hearing aids are important because they help improve the quality of life for people with hearing loss. They allow these individuals to communicate more effectively and participate in activities that they may have been unable to do before.
Adult:
The global adult hearing aid market size was valued at USD 2.6 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The increasing geriatric population, which has lower immunity levels and are prone to neurological disorders, cardiac problems & diabetes; coupled with the growing adoption of digital devices is anticipated to drive growth during the forecast period.
Children:
The global children and it's usage in digital hearing aid market size was valued at USD 1.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. Increasing prevalence of hearing impairment among children coupled with growing awareness regarding early detection & intervention is anticipated to drive growth during the forecast period.
According to WHO, nearly 10% of all deaths occurring due to disorders such as malaria, tuberculosis, measles,.
Application Insights:
Based on application, the global market has been segmented into hospital, medical center and others. The hospital segment dominated the market in 2017 owing to increasing geriatric population and rise in number of hospitals. As per WHO, there are approximately 1 billion people aged 60 or above across the globe which is expected to reach 2 billion by 2050. This demographic group requires better hearing devices as they are more susceptible to ear infections & hearing loss due to age-related physiological changes in ears. Thus, demand for digital hearing aids is anticipated grow at a significant rate during forecast period owing to rising healthcare spending by consumers & enterprises coupled with growing aging population across the globe.
The medical center segment is expected register considerable growth over forecast period owing to increase in adoption of advanced healthcare services along with rising R&D investments by major players such as Bose Corporation and Logitech International S .A.
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 contributing to its growth. In addition, technological advancements coupled with a high rate of innovation is expected to fuel the demand for digital hearing aids over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to increasing awareness about audiology devices and growing prevalence of deafness among adults as well as children. Moreover, improving healthcare infrastructure along with rising investments by governments in developing economies such as India and China are projected to boost market development during the estimated time span.
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 6.5% from 2016 to 2020, owing to the increase in life expectancy and the growth in the number of people aged 65 years and above. This will result in an increased demand for digital hearing aids, as they are more effective in catering to the needs of elderly patients.
- Rising prevalence of hearing loss: The prevalence of hearing loss is increasing due to various factors such as exposure to loud noises, aging, and genetics. This is resulting in an increased demand for digital hearing aids as they are more effective than traditional analog devices at restoring lost hearing ability.
- Technological advancements: Digital technology has led to significant advancements in digital hearing aid design and functionality over traditional analog devices, making them more user-friendly and discreetly designed while providing better sound quality overall .This is resulting in an increasing preference for digital over analog devices among consumers worldwide .
Scope Of The Report
Report Attributes
Report Details
Report Title
Digital Hearing Aid Market Research Report
By Type
Adult, Children
By Application
Hospital, Medical Center
By Companies
Starkey Hearing Technologies, Cochlear Limited, Bernafon AG, Med-EL Medical Electronics, Natus Medical Incorporated, Sonic Innovations, Sonova Holding AG, Widex, Oticon, Starkey Hearing Technologies
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
167
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Digital Hearing Aid Market Report Segments:
The global Digital Hearing Aid market is segmented on the basis of:
Types
Adult, Children
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, Medical Center
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:
- Starkey Hearing Technologies
- Cochlear Limited
- Bernafon AG
- Med-EL Medical Electronics
- Natus Medical Incorporated
- Sonic Innovations
- Sonova Holding AG
- Widex
- Oticon
- Starkey Hearing Technologies
Highlights of The Digital 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:
- Adult
- Children
- By Application:
- Hospital
- Medical Center
- 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 Digital 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:
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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?
A digital hearing aid is a type of electronic device that helps people with hearing loss to hear better. Digital hearing aids use digital technology to process and amplify sound. This can help people who have difficulty understanding speech due to deafness or other forms of auditory impairment.
Some of the major players in the digital hearing aid market are Starkey Hearing Technologies, Cochlear Limited, Bernafon AG, Med-EL Medical Electronics, Natus Medical Incorporated, Sonic Innovations, Sonova Holding AG, Widex, Oticon, Starkey Hearing Technologies.
The digital hearing aid market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Digital 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 Digital Hearing Aid Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Digital 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 Digital 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 Digital Hearing Aid Market Size & Forecast, 2020-2028
4.5.1 Digital Hearing Aid Market Size and Y-o-Y Growth
4.5.2 Digital 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 Adult
5.2.2 Children
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
6.2.2 Medical Center
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Digital 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 Digital 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 Adult
9.6.2 Children
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
9.10.2 Medical Center
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 Adult
10.6.2 Children
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
10.10.2 Medical Center
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 Adult
11.6.2 Children
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
11.10.2 Medical Center
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 Adult
12.6.2 Children
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
12.10.2 Medical Center
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 Adult
13.6.2 Children
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
13.10.2 Medical Center
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 Digital Hearing Aid Market: Competitive Dashboard
14.2 Global Digital Hearing Aid Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Starkey Hearing Technologies
14.3.2 Cochlear Limited
14.3.3 Bernafon AG
14.3.4 Med-EL Medical Electronics
14.3.5 Natus Medical Incorporated
14.3.6 Sonic Innovations
14.3.7 Sonova Holding AG
14.3.8 Widex
14.3.9 Oticon
14.3.10 Starkey Hearing Technologies
