Market Overview:
The global hearing aid market is expected to reach USD 10.8 billion by 2030, registering a CAGR of 6.5% during the forecast period 2018-2030. The growth in the market can be attributed to various factors such as an increase in the prevalence of hearing loss, technological advancements in hearing aids, and rising awareness about the benefits of using hearing aids. Based on type, the global market is segmented into behind-the-ear (BTE), in-the-ear (ITE), in-the canal (ITC), and completely-in canal (CIC) segments. The BTE segment is expected to account for a major share of the global market during 2018–2030 owing to its low cost and easy availability across regions. However, ITC devices are witnessing high adoption rates due to their discreet design that makes them less visible than other types of devices.
Product Definition:
A hearing aid is an electronic device that helps people who are deaf or hard of hearing to hear more clearly. It does this by amplifying sound signals that enter the ear canal.
Behind-The-Ear(BTE):
Behind-the-ear (BTE) devices are small, compact and easy to use. They consist of a battery, radio frequency chip and an amplifier. The BTE hearing aids provide better comfort in comparison with the conventional behind the ear (ITE) devices as they fit more naturally into the ear canal.
In-The-Ear(ITE):
The In-the-ear (ITE) is a small hearing aid that is inserted into the ear canal. It delivers sound directly to the inner ear, bypassing external auditory canals. The device has an advantage over conventional behind-the-ear (BTE) devices as it reduces interference from ambient noise and helps in improving speech understanding in noisy environments.
Application Insights:
The acquired trauma hearing loss segment held the largest share of over 40.0% in 2017. The growing number of patients suffering from hearing loss and tinnitus due to trauma is anticipated to drive the demand for hearing aids in this segment. According to a research study published by NCBI, it is estimated that around 1 out of every 3 people aged 65 years and above suffer from some form of traumatic ear injury annually.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period due to high disposable income, increasing prevalence of hearing impairment, and availability of advanced technologies. In addition, growing awareness about various available options for improving hearing capabilities is also expected to drive growth in this region.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising disposable income and improved healthcare infrastructure in emerging countries such as India and China. Growing population with a high prevalence of deafness are also contributing towards regional demand for assistive devices (AD). Moreover, government initiatives encouraging R&D activities on audiology care are further driving regional growth.
Growth Factors:
- Increasing geriatric population: The global hearing aid market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing geriatric population. This is because as people age, their ability to hear declines, which leads to the need for hearing aids.
- Rising prevalence of deafness and hearing loss: The prevalence of deafness and hearing loss is also increasing globally, which is driving the demand for hearing aids. This is because approximately 1 in 3 people aged 65 years or older has some form of disabling hearing loss (WHO).
- Growing awareness about benefits of using Hearing Aids: There has been an increase in awareness about the benefits of using Hearing Aids in recent years, which is driving their demand globally. Some key benefits include improved communication abilities, better quality of life and reduced risk of developing dementia (Alzheimer’s disease).
Scope Of The Report
Report Attributes
Report Details
Report Title
Hearing Aid Market Research Report
By Type
Behind-The-Ear(BTE), In-The-Ear(ITE), In-The-Canal(ITC), Completely-In-Canal (CIC)
By Application
Congenital Hearing Loss, Age-Related Hearing Loss, Acquired Trauma Hearing Loss
By Companies
William Demant, Sonova, Starkey, Sivantos, GN ReSound, Widex, Rion, Sebotek Hearing Systems, Audina Hearing Instruments, Microson, Audicus, Horentek, 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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Hearing Aid Market Report Segments:
The global Hearing Aid market is segmented on the basis of:
Types
Behind-The-Ear(BTE), In-The-Ear(ITE), In-The-Canal(ITC), Completely-In-Canal (CIC)
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, Age-Related Hearing Loss, Acquired Trauma Hearing Loss
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:
- William Demant
- Sonova
- Starkey
- Sivantos
- GN ReSound
- Widex
- Rion
- Sebotek Hearing Systems
- Audina Hearing Instruments
- Microson
- Audicus
- Horentek
- Arphi Electronics
Highlights of The 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:
- Behind-The-Ear(BTE)
- In-The-Ear(ITE)
- In-The-Canal(ITC)
- Completely-In-Canal (CIC)
- By Application:
- Congenital Hearing Loss
- Age-Related Hearing Loss
- Acquired Trauma Hearing Loss
- 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 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?
A hearing aid is a device that helps people with hearing loss to hear better. They can be worn in the ear or attached to the head like a helmet. Hearing aids come in different shapes and sizes, and they can be battery-powered or plugged into an electrical outlet.
Some of the major companies in the hearing aid market are William Demant, Sonova, Starkey, Sivantos, GN ReSound, Widex, Rion, Sebotek Hearing Systems, Audina Hearing Instruments, Microson, Audicus, Horentek, Arphi Electronics.
The hearing aid market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hearing Aid Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hearing Aid Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hearing Aid Market - Supply Chain
4.5. Global Hearing Aid Market Forecast
4.5.1. Hearing Aid Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hearing Aid Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hearing Aid Market Absolute $ Opportunity
5. Global Hearing Aid Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hearing Aid Market Size and Volume Forecast by Type
5.3.1. Behind-The-Ear(BTE)
5.3.2. In-The-Ear(ITE)
5.3.3. In-The-Canal(ITC)
5.3.4. Completely-In-Canal (CIC)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hearing Aid Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hearing Aid Market Size and Volume Forecast by Application
6.3.1. Congenital Hearing Loss
6.3.2. Age-Related Hearing Loss
6.3.3. Acquired Trauma Hearing Loss
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hearing Aid Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hearing Aid Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hearing Aid Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hearing Aid Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hearing Aid Demand Share Forecast, 2019-2026
9. North America Hearing Aid Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hearing Aid Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hearing Aid Market Size and Volume Forecast by Application
9.4.1. Congenital Hearing Loss
9.4.2. Age-Related Hearing Loss
9.4.3. Acquired Trauma Hearing Loss
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hearing Aid Market Size and Volume Forecast by Type
9.7.1. Behind-The-Ear(BTE)
9.7.2. In-The-Ear(ITE)
9.7.3. In-The-Canal(ITC)
9.7.4. Completely-In-Canal (CIC)
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hearing Aid Demand Share Forecast, 2019-2026
10. Latin America Hearing Aid Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hearing Aid Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hearing Aid Market Size and Volume Forecast by Application
10.4.1. Congenital Hearing Loss
10.4.2. Age-Related Hearing Loss
10.4.3. Acquired Trauma Hearing Loss
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hearing Aid Market Size and Volume Forecast by Type
10.7.1. Behind-The-Ear(BTE)
10.7.2. In-The-Ear(ITE)
10.7.3. In-The-Canal(ITC)
10.7.4. Completely-In-Canal (CIC)
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hearing Aid Demand Share Forecast, 2019-2026
11. Europe Hearing Aid Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hearing Aid Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hearing Aid Market Size and Volume Forecast by Application
11.4.1. Congenital Hearing Loss
11.4.2. Age-Related Hearing Loss
11.4.3. Acquired Trauma Hearing Loss
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hearing Aid Market Size and Volume Forecast by Type
11.7.1. Behind-The-Ear(BTE)
11.7.2. In-The-Ear(ITE)
11.7.3. In-The-Canal(ITC)
11.7.4. Completely-In-Canal (CIC)
11.8. Basis Point Share (BPS) Analysis by Type
119. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hearing Aid Demand Share, 2019-2026
12. Asia Pacific Hearing Aid Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hearing Aid Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hearing Aid Market Size and Volume Forecast by Application
12.4.1. Congenital Hearing Loss
12.4.2. Age-Related Hearing Loss
12.4.3. Acquired Trauma Hearing Loss
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hearing Aid Market Size and Volume Forecast by Type
12.7.1. Behind-The-Ear(BTE)
12.7.2. In-The-Ear(ITE)
12.7.3. In-The-Canal(ITC)
12.7.4. Completely-In-Canal (CIC)
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hearing Aid Demand Share, 2019-2026
13. Middle East & Africa Hearing Aid Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hearing Aid Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hearing Aid Market Size and Volume Forecast by Application
13.4.1. Congenital Hearing Loss
13.4.2. Age-Related Hearing Loss
13.4.3. Acquired Trauma Hearing Loss
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hearing Aid Market Size and Volume Forecast by Type
13.7.1. Behind-The-Ear(BTE)
13.7.2. In-The-Ear(ITE)
13.7.3. In-The-Canal(ITC)
13.7.4. Completely-In-Canal (CIC)
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hearing Aid Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hearing Aid Market: Market Share Analysis
14.2. Hearing Aid Distributors and Customers
14.3. Hearing Aid Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. William Demant
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Sonova
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Starkey
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sivantos
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. GN ReSound
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Widex
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Rion
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Sebotek Hearing Systems
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Audina Hearing Instruments
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Microson
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Audicus
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Horentek
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Arphi Electronics
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
