Market Overview:
The global hearing aid devices market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing prevalence of hearing loss, rising awareness about the benefits of using hearing aids, and technological advancements in the field of hearing aid devices. The global hearing aid devices market is segmented on the basis of type into in-the-ear (ITE), in-the-canal (ITC), behind-the-ear (BTE), and receiverin canal (RIC) Hearing Aid Devices. The BTE segment is expected to account for the largest share of the global market in 2018 owing to its low cost and easy availability. However, ITC Hearing Aid Devices are projected to grow at a higher CAGR during the forecast period as they are discreet and provide better sound quality than other types of Hearing Aid Devices. On the basis of application, congenital deafness accounts for majority share followed by acquired trauma deafness which will continue through 2030 with highest growth rate due aging population across globe .
Product Definition:
A hearing aid is a small electronic device that helps people with hearing loss to hear better. They are worn in or behind the ear.
In the Ear Hearing Aids (ITE):
Hearing aids are devices that assist people with impaired hearing to hear. They amplify sounds and help in improving the audio quality of speech. The market for ITE is expected to grow at a lucrative rate during the forecast period owing to factors such as increasing geriatric population, rising prevalence of deafness, technological advancements in ITE and growing awareness about its usage among consumers.
In the Canal (ITC):
The International Tinnitus Map, or ITM is a research project that aims at mapping the prevalence of tinnitus across the globe. The data collected through this project will be used to evaluate the impact of various interventions and to develop effective treatment strategies for tinnitus.
The participants can fill out an online survey about their experience with noise pollution.
Application Insights:
The acquired trauma segment dominated the global hearing aid devices market in 2017. The growing prevalence of noise-induced hearing loss and other acoustic trauma disorders is anticipated to drive demand for these devices over the forecast period. According to a study published by NCBI, it is estimated that around 1% - 2% of people above 60 years suffer from some kind of traumatic ear injury every year.
In addition, according to data published by CDC in 2018, it has been reported that around 42 million adults aged 65 or older suffered from hearing loss in 2016 due to age-related conditions such as listening/hearing difficulty and ear infections. Furthermore, this number is expected to increase by 2030 with about 54 million people aged 65 or older suffering from some form of hearing impairment compared with 39 million elderly adults currently suffering from impaired hearing across the globe.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-developed healthcare infrastructure, high disposable income, and favorable government initiatives are some of the major factors responsible for its dominance. According to WHO data published in May 2018 issue of Journal of American Medical Association (JAMA), hearing impairment affects nearly 50 million people in U.S., aged 12 and older. This number is expected to increase significantly over the coming years due to various factors such as aging population, technological advancements, urbanization etc.
Asia Pacific is expected to grow at a lucrative rate during the forecast period owing to increasing disposable income levels coupled with growing awareness about available treatment options for deafness among patients from developing countries such as India & China & Indonesia etc.
Growth Factors:
- Increasing prevalence of hearing loss: The global prevalence of hearing loss is expected to increase from 5% in 2010 to 10% by 2050. This will create a large pool of potential patients for the Hearing Aid Devices market.
- Growing awareness about the benefits of using Hearing Aid Devices: There is a growing awareness among people about the benefits of using Hearing Aid Devices, which is likely to drive demand for these devices in the coming years.
- Technological advancements: The development and commercialization of new and innovative technologies are helping to drive growth in the Hearing Aid Devices market. For instance, recent advancements such as digital signal processing (DSP) and automatic gain control (AGC) are making these devices more effective and user-friendly than ever before.
- Rising geriatric population: The global geriatric population is increasing at a rapid pace, creating significant opportunities for players operating in the Hearin
Scope Of The Report
Report Attributes
Report Details
Report Title
Hearing Aid Devices Market Research Report
By Type
In the Ear Hearing Aids (ITE), In the Canal (ITC), Behind the Ear (BTE), Receiver in Canal (RIC)
By Application
Congenital, Hearing Loss in Elderly, Acquired Trauma
By Companies
Sonova, William Demant, Siemens, ReSound, Starkey, Widex, Hansaton, Beltone, Interton, Audina, Sonova, Audio Service, AST Hearing, Lisound, New Sound, Hui’er, Banglijian
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
142
Number of Tables & Figures
100
Customization Available
Yes, the report can be customized as per your need.
Global Hearing Aid Devices Market Report Segments:
The global Hearing Aid Devices market is segmented on the basis of:
Types
In the Ear Hearing Aids (ITE), In the Canal (ITC), Behind the Ear (BTE), Receiver in Canal (RIC)
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
Congenital, Hearing Loss in Elderly, Acquired Trauma
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:
- Sonova
- William Demant
- Siemens
- ReSound
- Starkey
- Widex
- Hansaton
- Beltone
- Interton
- Audina
- Sonova
- Audio Service
- AST Hearing
- Lisound
- New Sound
- Hui’er
- Banglijian
Highlights of The Hearing Aid Devices 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:
- In the Ear Hearing Aids (ITE)
- In the Canal (ITC)
- Behind the Ear (BTE)
- Receiver in Canal (RIC)
- By Application:
- Congenital
- Hearing Loss in Elderly
- Acquired Trauma
- 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 Hearing Aid Devices 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Hearing aids devices are electronic or mechanical devices that help people with hearing loss to hear better. They can be used in combination with other assistive listening devices, such as captioning services, to make it easier for people who have difficulty understanding spoken language.
Some of the major players in the hearing aid devices market are Sonova, William Demant, Siemens, ReSound, Starkey, Widex, Hansaton, Beltone, Interton, Audina, Sonova, Audio Service, AST Hearing, Lisound, New Sound, Hui’er, Banglijian.
The hearing aid devices market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hearing Aid Devices 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 Hearing Aid Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hearing Aid Devices 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 Hearing Aid Devices 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 Hearing Aid Devices Market Size & Forecast, 2020-2028
4.5.1 Hearing Aid Devices Market Size and Y-o-Y Growth
4.5.2 Hearing Aid Devices 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 In the Ear Hearing Aids (ITE)
5.2.2 In the Canal (ITC)
5.2.3 Behind the Ear (BTE)
5.2.4 Receiver in Canal (RIC)
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 Congenital
6.2.2 Hearing Loss in Elderly
6.2.3 Acquired Trauma
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hearing Aid Devices 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 Hearing Aid Devices 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 In the Ear Hearing Aids (ITE)
9.6.2 In the Canal (ITC)
9.6.3 Behind the Ear (BTE)
9.6.4 Receiver in Canal (RIC)
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 Congenital
9.10.2 Hearing Loss in Elderly
9.10.3 Acquired Trauma
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 In the Ear Hearing Aids (ITE)
10.6.2 In the Canal (ITC)
10.6.3 Behind the Ear (BTE)
10.6.4 Receiver in Canal (RIC)
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 Congenital
10.10.2 Hearing Loss in Elderly
10.10.3 Acquired Trauma
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 In the Ear Hearing Aids (ITE)
11.6.2 In the Canal (ITC)
11.6.3 Behind the Ear (BTE)
11.6.4 Receiver in Canal (RIC)
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 Congenital
11.10.2 Hearing Loss in Elderly
11.10.3 Acquired Trauma
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 In the Ear Hearing Aids (ITE)
12.6.2 In the Canal (ITC)
12.6.3 Behind the Ear (BTE)
12.6.4 Receiver in Canal (RIC)
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 Congenital
12.10.2 Hearing Loss in Elderly
12.10.3 Acquired Trauma
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 In the Ear Hearing Aids (ITE)
13.6.2 In the Canal (ITC)
13.6.3 Behind the Ear (BTE)
13.6.4 Receiver in Canal (RIC)
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 Congenital
13.10.2 Hearing Loss in Elderly
13.10.3 Acquired Trauma
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 Hearing Aid Devices Market: Competitive Dashboard
14.2 Global Hearing Aid Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sonova
14.3.2 William Demant
14.3.3 Siemens
14.3.4 ReSound
14.3.5 Starkey
14.3.6 Widex
14.3.7 Hansaton
14.3.8 Beltone
14.3.9 Interton
14.3.10 Audina
14.3.11 Sonova
14.3.12 Audio Service
14.3.13 AST Hearing
14.3.14 Lisound
14.3.15 New Sound
14.3.16 Hui’er
14.3.17 Banglijian
