Market Overview:
The global hearing loss treatment device market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The market growth is attributed to the increasing prevalence of hearing loss, technological advancements in hearing aids and rising awareness about the benefits of using hearing aids. The ear-based hearing aids segment is expected to dominate the global market during the forecast period owing to their low cost and easy availability. However, the bone-anchored hearing aids segment is projected to grow at a higher CAGR due its advantages such as improved sound quality and directional perception over traditional ear-based devices. However, children are also increasingly being diagnosed with various forms of Hearing Loss (HL) which would fuel demand for pediatric devices overthe forecastperiod .
Product Definition:
A hearing loss treatment device is a tool that helps people with hearing loss to improve their ability to hear. This can be done through various methods, such as increasing the volume of sound, helping to better focus sound waves, or by providing electrical stimulation to help improve communication. For some people, using a hearing loss treatment device can be the difference between being able to hear and not being able to hear at all.
Ear-Based Hearing Aids:
Ear-based hearing aids are devices that are used to assist the individual with normal listening. They consist of a small electronic device, which is inserted into the ear canal and connected by an audio cable to a loudspeaker or sound processor. The amplified sound then travels through the cochlear nerve to enable the person to hear normally.
Global Ear-Based Hearing Aids, it's usage.
Bone-Anchored Hearing Aids:
Bone-anchored hearing aids are devices that are fixed to the skull with a titanium implant. The bone-anchored system is different from the headband systems as it uses screws and implants to secure the hearing aid in place.
Global Bone-Anchored Hearing Aids.
Application Insights:
Based on the application, the market is segmented into adult and child. The adult segment held a major share in 2017 owing to higher prevalence of hearing loss in this population. According to data published by WHO, around 40% of adults are suffering from hearing loss and about 60 million people are living with severe hearing impairment worldwide. Moreover, according to American Association of Neurological Surgeons (AANS), around 250,000 surgical procedures are performed annually for ear-related problems among adults. This factor is anticipated to drive demand over the forecast period.
The child segment is expected to witness significant growth over the forecast period due largely unmet needs in this population group regarding access to effective devices.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the high prevalence of hearing loss, better healthcare facilities for hearing-impaired people, and technological advancements. For instance, Baha Audiology offers digital audiometers free of charge to patients from clinics at Massachusetts Eye & Ear Infirmary and Harvard Medical School. Such initiatives are expected to boost product penetration in this region over the forecast period.
Asia Pacific is expected to witness lucrative growth during the forecast period owing to a large population base with increasing disposable income levels that will lead towards an increase in demand for advanced devices such as bone anchored or hybrid ear aids that are easier to use and offer better results than conventional models.
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 treatment device market.
- Growing awareness about the benefits of treatment devices: There is growing awareness among people about the benefits of using treatment devices for hearing loss. This is driving demand for such devices and creating opportunities for growth in the market.
- Technological advancements: The development of new and innovative technologies has led to the introduction of advanced and more effective treatment devices in the market, which is benefiting growth prospects for this market segment.
- Rising disposable income: A rise in disposable income levels among consumers is enabling them to afford expensive but effective treatment devices, thereby propelling growth prospects for this market segment .
Scope Of The Report
Report Attributes
Report Details
Report Title
Hearing Loss Treatment Device Market Research Report
By Type
Ear-Based Hearing Aids, Bone-Anchored Hearing Aids, Cochlear Implants, Others
By Application
Adult, Child
By Companies
Sonova, William Demant, WS Audiology, GN ReSound, Cochlear, Starkey, MED-EL, Rion, Audina Hearing Instruments, Sebotek Hearing Systems, Microson, Horentek, Audicus, Arphi Electronics
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
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Hearing Loss Treatment Device Market Report Segments:
The global Hearing Loss Treatment Device market is segmented on the basis of:
Types
Ear-Based Hearing Aids, Bone-Anchored Hearing Aids, Cochlear Implants, Others
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
Adult, Child
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
- WS Audiology
- GN ReSound
- Cochlear
- Starkey
- MED-EL
- Rion
- Audina Hearing Instruments
- Sebotek Hearing Systems
- Microson
- Horentek
- Audicus
- Arphi Electronics
Highlights of The Hearing Loss Treatment Device 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:
- Ear-Based Hearing Aids
- Bone-Anchored Hearing Aids
- Cochlear Implants
- Others
- By Application:
- Adult
- Child
- 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 Loss Treatment Device 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 loss treatment device is a medical device that helps to improve hearing. It can be used in people who have lost some hearing or who are at risk of losing more hearing.
Some of the key players operating in the hearing loss treatment device market are Sonova, William Demant, WS Audiology, GN ReSound, Cochlear, Starkey, MED-EL, Rion, Audina Hearing Instruments, Sebotek Hearing Systems, Microson, Horentek, Audicus, Arphi Electronics.
The hearing loss treatment device 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 Hearing Loss Treatment Device 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 Loss Treatment Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hearing Loss Treatment Device 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 Loss Treatment Device 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 Loss Treatment Device Market Size & Forecast, 2018-2028
4.5.1 Hearing Loss Treatment Device Market Size and Y-o-Y Growth
4.5.2 Hearing Loss Treatment Device Market Absolute $ Opportunity
Chapter 5 Global Hearing Loss Treatment Device 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 Hearing Loss Treatment Device Market Size Forecast by Type
5.2.1 Ear-Based Hearing Aids
5.2.2 Bone-Anchored Hearing Aids
5.2.3 Cochlear Implants
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hearing Loss Treatment Device 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 Hearing Loss Treatment Device Market Size Forecast by Applications
6.2.1 Adult
6.2.2 Child
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hearing Loss Treatment Device 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 Loss Treatment Device 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 Hearing Loss Treatment Device Analysis and Forecast
9.1 Introduction
9.2 North America Hearing Loss Treatment Device 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 Hearing Loss Treatment Device Market Size Forecast by Type
9.6.1 Ear-Based Hearing Aids
9.6.2 Bone-Anchored Hearing Aids
9.6.3 Cochlear Implants
9.6.4 Others
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 Hearing Loss Treatment Device Market Size Forecast by Applications
9.10.1 Adult
9.10.2 Child
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 Hearing Loss Treatment Device Analysis and Forecast
10.1 Introduction
10.2 Europe Hearing Loss Treatment Device 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 Hearing Loss Treatment Device Market Size Forecast by Type
10.6.1 Ear-Based Hearing Aids
10.6.2 Bone-Anchored Hearing Aids
10.6.3 Cochlear Implants
10.6.4 Others
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 Hearing Loss Treatment Device Market Size Forecast by Applications
10.10.1 Adult
10.10.2 Child
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 Hearing Loss Treatment Device Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hearing Loss Treatment Device 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 Hearing Loss Treatment Device Market Size Forecast by Type
11.6.1 Ear-Based Hearing Aids
11.6.2 Bone-Anchored Hearing Aids
11.6.3 Cochlear Implants
11.6.4 Others
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 Hearing Loss Treatment Device Market Size Forecast by Applications
11.10.1 Adult
11.10.2 Child
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 Hearing Loss Treatment Device Analysis and Forecast
12.1 Introduction
12.2 Latin America Hearing Loss Treatment Device 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 Hearing Loss Treatment Device Market Size Forecast by Type
12.6.1 Ear-Based Hearing Aids
12.6.2 Bone-Anchored Hearing Aids
12.6.3 Cochlear Implants
12.6.4 Others
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 Hearing Loss Treatment Device Market Size Forecast by Applications
12.10.1 Adult
12.10.2 Child
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) Hearing Loss Treatment Device Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hearing Loss Treatment Device 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) Hearing Loss Treatment Device Market Size Forecast by Type
13.6.1 Ear-Based Hearing Aids
13.6.2 Bone-Anchored Hearing Aids
13.6.3 Cochlear Implants
13.6.4 Others
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) Hearing Loss Treatment Device Market Size Forecast by Applications
13.10.1 Adult
13.10.2 Child
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 Loss Treatment Device Market: Competitive Dashboard
14.2 Global Hearing Loss Treatment Device 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 WS Audiology
14.3.4 GN ReSound
14.3.5 Cochlear
14.3.6 Starkey
14.3.7 MED-EL
14.3.8 Rion
14.3.9 Audina Hearing Instruments
14.3.10 Sebotek Hearing Systems
14.3.11 Microson
14.3.12 Horentek
14.3.13 Audicus
14.3.14 Arphi Electronics
