Market Overview:
The global hearing care devices market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of hearing loss, rising awareness about the benefits of using hearing care devices, and technological advancements in the field of hearing care devices. The global hearing care devices market is segmented on the basis of type into behind-the-ear (BTE) aids, in-the-ear aids, receiver-in-the ear (RITE), and canal hearings aids. The BTE aids segment is expected to account for the largest share of the global market in 2018 owing to their high demand among users with mild or moderate hearing loss. However, RITE aids are expected to witness higher growth during the forecast period due to their growing popularity among users with severe or profound hearing loss.
Product Definition:
The term "hearing care devices" refers to a range of products that are used to improve or maintain hearing function. This includes everything from basic earplugs and headphones to more sophisticated devices like hearing aids and cochlear implants. The importance of these devices cannot be overstated; they can help people with all levels of hearing loss regain their quality of life by restoring some or even all of their ability to hear.
Behind-the-Ear (BTE) Aids:
Hearing aids are electronic devices that amplify sounds and help people with hearing disorders. They can be classified into two types: behind-the-ear (BTE) and in the ear (ITE). BTE aids are small, compact, lightweight devices worn like a hearing aid. They consist of a battery-powered amplifier, an antenna for radio transmissions or listening to MP3 players through Bluetooth or Wi-Fi connectivity, and an internal sound card.
In-the-Ear Aids:
In-the-ear aids or in the ear (ITE) aids are devices that assist people with hearing problems. They consist of a small electronic device, which is inserted into the ear canal and then connected to a listening device. The most common type of ITE aid is an analog loop system, which consists of a small battery-powered radio transmitter/receiver that sends sound signals to an external receiver worn on the wrist or neck.
Global In-the Ear Aids.
Application Insights:
Based on application, the market is segmented into hospitals and clinics, home settings, ambulatory surgical centers (ASCs), and others. Hospitals and clinics held the largest share in 2017 owing to increasing prevalence of hearing loss coupled with a growing geriatric population that requires amplification for communication.
The home setting segment is expected to witness significant growth over the forecast period due to rising awareness about early detection of hearing loss among individuals aged 50 years or above. Furthermore, an increase in incidence rate of tinnitus along with aging increases demand for amplification devices at homes thus driving growth over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the rising prevalence of hearing loss, high awareness levels about available options, and availability of advanced devices. According to a study published by National Institute on Deafness and Other Communication Disorders (NIDCD), approximately 30 million people in U.S. suffer from some level of deafness caused by exposure to excessive noise or ototoxic drugs during their lifetime.
Asia Pacific is expected to grow at a lucrative rate over the forecast period owing to increasing disposable income levels.
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 Care Devices market.
- Growing awareness about the benefits of using Hearing Care Devices: There is a growing awareness among people about the benefits of using Hearing Care Devices, which is likely to drive demand for these devices in the coming years.
- Technological advancements: The development and launch of new and innovative products in the Hearing Care Devices market are likely to fuel its growth in the coming years.
- Rising disposable income: A rise in disposable income will lead to an increase in spending on health care, including devices such as Hearing Care Devices, thereby driving market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hearing Care Devices Market Research Report
By Type
Behind-the-Ear (BTE) Aids, In-the-Ear Aids, Receiver-in-the-Ear (RITE), Canal Hearing Aids
By Application
Hospitals & Clinics, Home Settings, Ambulatory Surgical Centers (ASCs)
By Companies
American Hearing Aids, Amplifon, Cochlear, IntriCon, MED-EL, Sivantos Pte, Sonova, Starkey, William Demant
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Hearing Care Devices Market Report Segments:
The global Hearing Care Devices market is segmented on the basis of:
Types
Behind-the-Ear (BTE) Aids, In-the-Ear Aids, Receiver-in-the-Ear (RITE), Canal Hearing Aids
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
Hospitals & Clinics, Home Settings, Ambulatory Surgical Centers (ASCs)
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:
- American Hearing Aids
- Amplifon
- Cochlear
- IntriCon
- MED-EL
- Sivantos Pte
- Sonova
- Starkey
- William Demant
Highlights of The Hearing Care 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:
- Behind-the-Ear (BTE) Aids
- In-the-Ear Aids
- Receiver-in-the-Ear (RITE)
- Canal Hearing Aids
- By Application:
- Hospitals & Clinics
- Home Settings
- Ambulatory Surgical Centers (ASCs)
- 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 Care 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
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- 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 devices are medical devices that help people with hearing loss to hear better. They can be used in a variety of ways, including as earplugs, cochlear implants, or hearing aids.
Some of the major companies in the hearing care devices market are American Hearing Aids, Amplifon, Cochlear, IntriCon, MED-EL, Sivantos Pte, Sonova, Starkey, William Demant.
The hearing care devices market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hearing Care Devices 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 Care Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hearing Care Devices Market - Supply Chain
4.5. Global Hearing Care Devices Market Forecast
4.5.1. Hearing Care Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hearing Care Devices Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hearing Care Devices Market Absolute $ Opportunity
5. Global Hearing Care Devices 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 Care Devices Market Size and Volume Forecast by Type
5.3.1. Behind-the-Ear (BTE) Aids
5.3.2. In-the-Ear Aids
5.3.3. Receiver-in-the-Ear (RITE)
5.3.4. Canal Hearing Aids
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hearing Care Devices 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 Care Devices Market Size and Volume Forecast by Application
6.3.1. Hospitals & Clinics
6.3.2. Home Settings
6.3.3. Ambulatory Surgical Centers (ASCs)
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hearing Care Devices 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 Care Devices 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 Care Devices 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 Care Devices 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 Care Devices Demand Share Forecast, 2019-2026
9. North America Hearing Care Devices 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 Care Devices 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 Care Devices Market Size and Volume Forecast by Application
9.4.1. Hospitals & Clinics
9.4.2. Home Settings
9.4.3. Ambulatory Surgical Centers (ASCs)
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hearing Care Devices Market Size and Volume Forecast by Type
9.7.1. Behind-the-Ear (BTE) Aids
9.7.2. In-the-Ear Aids
9.7.3. Receiver-in-the-Ear (RITE)
9.7.4. Canal Hearing Aids
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 Care Devices Demand Share Forecast, 2019-2026
10. Latin America Hearing Care Devices 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 Care Devices 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 Care Devices Market Size and Volume Forecast by Application
10.4.1. Hospitals & Clinics
10.4.2. Home Settings
10.4.3. Ambulatory Surgical Centers (ASCs)
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hearing Care Devices Market Size and Volume Forecast by Type
10.7.1. Behind-the-Ear (BTE) Aids
10.7.2. In-the-Ear Aids
10.7.3. Receiver-in-the-Ear (RITE)
10.7.4. Canal Hearing Aids
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 Care Devices Demand Share Forecast, 2019-2026
11. Europe Hearing Care Devices 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 Care Devices 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 Care Devices Market Size and Volume Forecast by Application
11.4.1. Hospitals & Clinics
11.4.2. Home Settings
11.4.3. Ambulatory Surgical Centers (ASCs)
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hearing Care Devices Market Size and Volume Forecast by Type
11.7.1. Behind-the-Ear (BTE) Aids
11.7.2. In-the-Ear Aids
11.7.3. Receiver-in-the-Ear (RITE)
11.7.4. Canal Hearing Aids
11.8. Basis Point Share (BPS) Analysis by Type
11.9. 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 Care Devices Demand Share, 2019-2026
12. Asia Pacific Hearing Care Devices 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 Care Devices 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 Care Devices Market Size and Volume Forecast by Application
12.4.1. Hospitals & Clinics
12.4.2. Home Settings
12.4.3. Ambulatory Surgical Centers (ASCs)
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hearing Care Devices Market Size and Volume Forecast by Type
12.7.1. Behind-the-Ear (BTE) Aids
12.7.2. In-the-Ear Aids
12.7.3. Receiver-in-the-Ear (RITE)
12.7.4. Canal Hearing Aids
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 Care Devices Demand Share, 2019-2026
13. Middle East & Africa Hearing Care Devices 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 Care Devices 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 Care Devices Market Size and Volume Forecast by Application
13.4.1. Hospitals & Clinics
13.4.2. Home Settings
13.4.3. Ambulatory Surgical Centers (ASCs)
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hearing Care Devices Market Size and Volume Forecast by Type
13.7.1. Behind-the-Ear (BTE) Aids
13.7.2. In-the-Ear Aids
13.7.3. Receiver-in-the-Ear (RITE)
13.7.4. Canal Hearing Aids
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 Care Devices Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hearing Care Devices Market: Market Share Analysis
14.2. Hearing Care Devices Distributors and Customers
14.3. Hearing Care Devices Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. American Hearing Aids
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Amplifon
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Cochlear
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. IntriCon
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. MED-EL
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sivantos Pte
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sonova
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Starkey
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. William Demant
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
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
