Market Overview:
The global wired hearing-aid devices market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The growth in this market can be attributed to the increasing prevalence of hearing loss, rising geriatric population, and technological advancements in wired hearing aids. Based on type, the global wired hearing-aid devices market is segmented into digital type and analog type. The digital type segment is expected to register a higher CAGR during the forecast period as compared to the analog type segment. This can be attributed to its superior features such as noise cancellation and automatic volume control that help improve sound quality for users with mild or moderate hearing loss. Based on application, the global Wired Hearing Aids Devices Market is divided into hospital and home segments.
Product Definition:
Wired hearing-aid devices are a type of assistive listening device that helps people with hearing loss to hear better in noisy environments. These devices are plugged into an electronic device, such as a television, computer, or stereo, and the sound is transmitted wirelessly to the hearing-aid device. This allows the person with hearing loss to hear the audio more clearly than if they were just using the electronic device's speakers.
Digital Type:
Digital type is a system to represent text and numbers in digital form. It's primary function is to provide clear, smooth, and legible output from computer systems. In addition, it serves as input for printing devices such as laser printers and photocopiers. The emergence of new applications in wireless hearing aids has led the market growth over the last few years; this trend is expected to continue over the forecast period due to technological advancements coupled with increasing acceptance of these devices by consumers globally.
Analog Type:
Analog type is the oldest and most commonly used technology for delivering sound to a hearing aid. It uses continuous variations in voltage (impedance) to modulate the acoustic sound waves into an electrical signal that can be processed by the brain. The advantage of this system is that it does not require any special processing chip or software, like many other digital systems do; it's just a straight-up conversion from analog to digital and back again as needed.
Application Insights:
Based on application, the market is segmented into hospital, home and others. The hospital segment dominated the overall industry in terms of revenue in 2017. This high share is attributable to factors such as increasing geriatric population and rising number of patients suffering from hearing loss due to accidents or trauma that require surgical intervention for restoring hearing ability. Moreover, technological advancements coupled with growing R&D investments by various players are further expected to drive the demand for advanced wired & wireless hearing-aid devices over the forecast period.
The home application segment is anticipated to witness significant growth over the forecast period owing to rising awareness about better quality of life among older people along with increasing disposable income among consumers globally. Furthermore, easy availability of loans and higher spending capacity among older adults have also played an important role in driving this market at global level over recent years ¢â‚¬Ëœ especially in developed economies like U.S.
Regional Analysis:
North America dominated the global market in 2017 owing to high disposable income, technological advancements, and increasing cases of deafness. The region is expected to maintain its dominance over the forecast period due to factors such as favorable reimbursement policies for hearing aids and better access to healthcare facilities. Europe followed North America in terms of market share in 2017 owing to high demand for technologically advanced devices coupled with rising geriatric population base. Asia Pacific is anticipated to witness lucrative growth over the forecast period due towards growing awareness about various available options for improving hearing ability coupled with increasing disposable income levels especially in developing countries such as India and China.
Major players operating in this industry include Bose Corporation; Logitech International Inc.; American Hearing Research LLC; Shure Inc.; Phonak GmbH & Co., Ltd.
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 increase in demand for hearing-aid devices, as a large portion of this population suffers from hearing loss.
- Rising prevalence of deafness: According to the World Health Organization (WHO), there are approximately 360 million people worldwide who suffer from some form of hearing loss, out of which 34 million are deaf. This number is expected to rise due to various factors such as increasing exposure to noise pollution and aging populations. This will create a high demand for advanced wired hearing-aid devices that can cater specifically to deaf patients' needs.
- Growing awareness about ear health: There has been an increasing awareness among people about ear health and its importance over the past few years, which is resulting in more people seeking treatment for their auditory problems at an early stage itself rather than waiting until it becomes too late or unmanageable .This growing awareness will lead more people towards using wired hearing-aid devices as they offer better sound quality than traditional aids like headphones or earphones .
Scope Of The Report
Report Attributes
Report Details
Report Title
Wired Hearing-Aid Devices Market Research Report
By Type
Digital Type, Analog Type
By Application
Hospital, Home
By Companies
Sonova Holding, Demant, GN Store Nord, Cochlear Limited, Starkey Hearing Technologies, RION, WS Audiology, Medtronic, Amplifon, Eargo, Sonova Holding
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
137
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Wired Hearing-Aid Devices Market Report Segments:
The global Wired Hearing-Aid Devices market is segmented on the basis of:
Types
Digital Type, Analog Type
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, Home
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 Holding
- Demant
- GN Store Nord
- Cochlear Limited
- Starkey Hearing Technologies
- RION
- WS Audiology
- Medtronic
- Amplifon
- Eargo
- Sonova Holding
Highlights of The Wired 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:
- Digital Type
- Analog Type
- By Application:
- Hospital
- Home
- 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 Wired 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?
Wired hearing-aid devices are electronic devices that help people with hearing loss to hear better. They work by sending sound waves directly into the ear, bypassing the middle and outer ear. This can help people to hear sounds that are difficult to hear or too faint for other types of hearing aids. Wired hearing-aid devices can be worn in either the ears or on a headband, and come in a variety of styles and sizes.
Some of the major companies in the wired hearing-aid devices market are Sonova Holding, Demant, GN Store Nord, Cochlear Limited, Starkey Hearing Technologies, RION, WS Audiology, Medtronic, Amplifon, Eargo, Sonova Holding.
The wired hearing-aid devices 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 Wired 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 Wired Hearing-Aid Devices Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Wired 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 Wired 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 Wired Hearing-Aid Devices Market Size & Forecast, 2018-2028 4.5.1 Wired Hearing-Aid Devices Market Size and Y-o-Y Growth 4.5.2 Wired Hearing-Aid Devices Market Absolute $ Opportunity
Chapter 5 Global Wired Hearing-Aid Devices 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 Wired Hearing-Aid Devices Market Size Forecast by Type
5.2.1 Digital Type
5.2.2 Analog Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wired Hearing-Aid Devices 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 Wired Hearing-Aid Devices Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Home
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wired 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 Wired 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 Wired Hearing-Aid Devices Analysis and Forecast
9.1 Introduction
9.2 North America Wired Hearing-Aid Devices 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 Wired Hearing-Aid Devices Market Size Forecast by Type
9.6.1 Digital Type
9.6.2 Analog Type
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 Wired Hearing-Aid Devices Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Home
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 Wired Hearing-Aid Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Wired Hearing-Aid Devices 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 Wired Hearing-Aid Devices Market Size Forecast by Type
10.6.1 Digital Type
10.6.2 Analog Type
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 Wired Hearing-Aid Devices Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Home
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 Wired Hearing-Aid Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wired Hearing-Aid Devices 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 Wired Hearing-Aid Devices Market Size Forecast by Type
11.6.1 Digital Type
11.6.2 Analog Type
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 Wired Hearing-Aid Devices Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Home
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 Wired Hearing-Aid Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Wired Hearing-Aid Devices 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 Wired Hearing-Aid Devices Market Size Forecast by Type
12.6.1 Digital Type
12.6.2 Analog Type
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 Wired Hearing-Aid Devices Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Home
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) Wired Hearing-Aid Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wired Hearing-Aid Devices 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) Wired Hearing-Aid Devices Market Size Forecast by Type
13.6.1 Digital Type
13.6.2 Analog Type
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) Wired Hearing-Aid Devices Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Home
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 Wired Hearing-Aid Devices Market: Competitive Dashboard
14.2 Global Wired Hearing-Aid Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sonova Holding
14.3.2 Demant
14.3.3 GN Store Nord
14.3.4 Cochlear Limited
14.3.5 Starkey Hearing Technologies
14.3.6 RION
14.3.7 WS Audiology
14.3.8 Medtronic
14.3.9 Amplifon
14.3.10 Eargo
14.3.11 Sonova Holding