Market Overview:
The global hearing amplifiers 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 impairment and old age population. In addition, growing awareness about the benefits of using hearing amplifiers is also propelling the growth of this market. Based on type, the global hearing amplifiers market can be segmented into on-the-ear and in-the-ear devices. On account of their ease of use and comfort, on-the-ear devices are expected to witness higher demand than in-the ear devices during the forecast period. By application, the global hearing amplifiers market can be segmented into old people and Hearing Impaired Persons (HIPs).
Product Definition:
A hearing amplifier is a device that helps people with hearing loss amplify the sounds they are unable to hear clearly. This device can be worn in or out of the ear, and it comes in a variety of sizes and styles. Many people use hearing amplifiers to help them hear better during conversations, on the phone, or when listening to music.
On the ear:
On the ear, it's usage and growth factor in Hearing Amplifiers market is expected to witness significant growth over the forecast period. The major drivers for this market are increasing prevalence of hearing disorders such as age-related hearing loss (ARHL), noise pollution, and growing adoption of technologically advanced devices. According to a study conducted by the World Health Organization (WHO) in 2012, around 1 billion people were affected with noise pollution across the globe which leads to increase in cases of ARHL.
In the ear:
In the ear (ITE) is a hearing aid device that delivers sound to the user by contracting its diaphragm and creating an electrical signal that travels through the cochlear into the brain. ITE devices are small, battery-powered, and come in two forms: behind-the-ear (BTE) or in-the-ear (ITE).
Application Insights:
The hearing impaired persons segment held the largest share of over 50.0% in 2017. The rising prevalence of hearing impairment is expected to drive this application segment over the forecast period. According to a study conducted by WHO, it was found that nearly 40% of adults are suffering from some form of hearing loss and this number is growing at a rate of 6-8% every year globally, thus presenting a huge potential market for the industry players.
The old people's application segment is expected to witness significant growth during the forecast period owing to increasing geriatric population base across various regions including Asia Pacific, Europe and North America which increases susceptibility towards various diseases including Alzheimer¢â‚¬â„¢s disease and other forms whole body vibration syndrome etc., which results in disability and requires amplification devices for better listening experience.
Regional Analysis:
North America dominated the global market in 2017. The growing prevalence of hearing loss and the presence of major players are some factors attributing to its largest share. According to an article published by WebMD, around 50% Americans will experience hearing loss at least once by age 65 years. Moreover, technological advancements coupled with high disposable income is also expected to drive the regional growth over the forecast period.
Asia Pacific is expected to witness significant growth over the forecast period owing to increasing disposable income and awareness about early diagnosis among people aged 50 years and above for noise-induced hearing loss as well as other chronic conditions such as cardiovascular diseases, diabetes, etc., which can be prevented through timely treatment or rehabilitation measures such as amplification devices or assistive listening systems (ALAS).
Growth Factors:
- Increasing geriatric population: The global hearing amplifier market is expected to grow at a CAGR of 5.8% during the forecast period, owing to the increasing geriatric population. This is because as people age, their ability to hear decreases, which leads to the use of hearing amplifiers for better sound clarity.
- Rising prevalence of hearing loss: The rising prevalence of hearing loss is another major factor that is expected to drive the growth of the global market for hearing amplifiers during the forecast period. According to a study by Johns Hopkins University, around 360 million people across the globe suffer from some form of disabling hearing loss and this number is estimated to increase significantly in coming years due to various factors such as aging and exposureto noise pollution.
- Growing demand for technologically advanced products: The demand for technologically advanced products such as digital Hearing Amplifiers with features such as Bluetooth connectivity and noise cancellation are growing rapidly, which is drivingthe growthofhearingamplifiermarketduringtheforecastperiod .Thisisthusexpectedtobenefittheglobalmarketforhearingamplifiersinther near future .
Scope Of The Report
Report Attributes
Report Details
Report Title
Hearing Amplifiers Market Research Report
By Type
On the ear, In the ear
By Application
Old People, Hearing Impaired Persons
By Companies
SoundHawk, Resound, Foshan Vohom Technology, Sound World Solutions, Shenzhen LA Lighting, Austar Hearing, Huizhou Jinghao Electronics, ZipHearing, SoundHawk
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
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Hearing Amplifiers Market Report Segments:
The global Hearing Amplifiers market is segmented on the basis of:
Types
On the ear, In the ear
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
Old People, Hearing Impaired Persons
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:
- SoundHawk
- Resound
- Foshan Vohom Technology
- Sound World Solutions
- Shenzhen LA Lighting
- Austar Hearing
- Huizhou Jinghao Electronics
- ZipHearing
- SoundHawk
Highlights of The Hearing Amplifiers 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:
- On the ear
- In the ear
- By Application:
- Old People
- Hearing Impaired Persons
- 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 Amplifiers 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?
Hearing amplifiers are devices that amplify sound waves so people with hearing impairments can better hear. They come in a variety of shapes and sizes, and can be worn on the ear or attached to a belt.
Some of the major companies in the hearing amplifiers market are SoundHawk, Resound, Foshan Vohom Technology, Sound World Solutions, Shenzhen LA Lighting, Austar Hearing, Huizhou Jinghao Electronics, ZipHearing, SoundHawk.
The hearing amplifiers market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hearing Amplifiers 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 Amplifiers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hearing Amplifiers 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 Amplifiers 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 Amplifiers Market Size & Forecast, 2020-2028
4.5.1 Hearing Amplifiers Market Size and Y-o-Y Growth
4.5.2 Hearing Amplifiers 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 On the ear
5.2.2 In the ear
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 Old People
6.2.2 Hearing Impaired Persons
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hearing Amplifiers 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 Amplifiers 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 On the ear
9.6.2 In the ear
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 Old People
9.10.2 Hearing Impaired Persons
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 On the ear
10.6.2 In the ear
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 Old People
10.10.2 Hearing Impaired Persons
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 On the ear
11.6.2 In the ear
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 Old People
11.10.2 Hearing Impaired Persons
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 On the ear
12.6.2 In the ear
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 Old People
12.10.2 Hearing Impaired Persons
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 On the ear
13.6.2 In the ear
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 Old People
13.10.2 Hearing Impaired Persons
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 Amplifiers Market: Competitive Dashboard
14.2 Global Hearing Amplifiers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SoundHawk
14.3.2 Resound
14.3.3 Foshan Vohom Technology
14.3.4 Sound World Solutions
14.3.5 Shenzhen LA Lighting
14.3.6 Austar Hearing
14.3.7 Huizhou Jinghao Electronics
14.3.8 ZipHearing
14.3.9 SoundHawk
