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Hearing Aids Market Size, Share, and Analysis, By Product (Hearing Devices (Behind-the-Ear (BTE), In-the-Ear (ITE), Receiver-in-the-Ear (RIE), Completely-in-the-Canal (CIC), and Others), By Implants (Cochlear Implants and Bone-anchored Implants) By Patien

Publisher Fatpos Global
Published Aug 01, 2024
Length 508 Pages
SKU # FAGL19312075

Description

Hearing Aids Market Size, Share, and Analysis, By Product (Hearing Devices (Behind-the-Ear (BTE), In-the-Ear (ITE), Receiver-in-the-Ear (RIE), Completely-in-the-Canal (CIC), and Others), By Implants (Cochlear Implants and Bone-anchored Implants) By Patients Type (Adult and Pediatric), By Distribution Channel (Hearing Aid Dispensaries, Online Retailers, and Healthcare providers), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034


Hearing Aids Market Size, Share, and Analysis, By Product (Hearing Devices (Behind-the-Ear (BTE), In-the-Ear (ITE), Receiver-in-the-Ear (RIE), Completely-in-the-Canal (CIC), and Others), By Implants (Cochlear Implants and Bone-anchored Implants) By Patients Type (Adult and Pediatric), By Distribution Channel (Hearing Aid Dispensaries, Online Retailers, and Healthcare providers), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034

PRODUCT OVERVIEW

Hearing Aids Market is anticipated to grow at a CAGR of 6.7% in the forecast period (2024-2034), with the market size valued at USD 11.6 billion in 2023 and projected to reach USD 23.8 billion by 2034.

Hearing aids are modern electronic devices that are specifically built to address hearing loss issues by enhancing sound. It consists of a microphone, amplifier, and speaker, which can be easily modified to meet the accurate demands of the individual or patient. Hearing aids include features such as digital signal processing, along with bluetooth connectivity and noise suppression. These devices can filter out background noise while focusing on speech frequencies for better audio clarity. In addition, hearing aids are available in different styles, like behind-the-ear, in-the-ear, and completely-in-the-canal, which cater to different choices and degrees of hearing impairment. Furthermore, their primary objective is to improve communication, elevate quality of life, and ease the impact of hearing loss by making sounds more understandable to the user.

MARKET HIGHLIGHTS

Hearing Aids Market is anticipated to reach USD 23.8 billion, growing at a CAGR of 6.7% during the forecast period, due to demographic changes like an aging population and high awareness of hearing impairment. Innovations in technology are playing a crucial role in expanding the market as digital hearing aids with advanced capabilities like noise reduction and wireless connectivity are gaining popularity. Moreover, emerging economies are witnessing a high demand for hearing healthcare services, which has led to increased market penetration. Besides, major players in the industry are focusing on research and development efforts to introduce innovative products, which will enhance competition and promote the adoption of hearing aids. Therefore, the outlook for the hearing aid market remains positive and is expected to provide opportunities for manufacturers and healthcare providers to address the needs of individuals with hearing loss.

Hearing Aids Market Segments:
  • By Product
  • Behind-the-Ear (BTE)
  • In-the-Ear (ITE)
  • Receiver-in-the-Ear (RIE)
  • Completely-in-the-Canal (CIC)
  • Others
  • By Implant
  • Cochlear Implants
  • Bone-anchored Implants
  • By Patients Type
  • Adult
  • Paediatric
  • By Distribution Channel
  • Hearing Aid Dispensaries
  • Online Retailers
  • Healthcare providers
MARKET DYNAMICS

Growth Drivers

Increased Elderly Population Contributes to Market Development

Improvements in Technology in Hearing Aid Devices are Playing an Important Role in the Market

Restraint

Higher Costs in the Hearing Aid Markets are Acting as a Barrier to Vast Usage of Hearing Aid

Key Players
  • Sonova Holding AG
  • Demant A/S
  • Cochlear Ltd.
  • Amplifon S.p.A.
  • Starkey Hearing Technologies
  • GN Hearing A/S
  • Widex A/S
  • Eargo
  • MED-EL Electronics GmbH
  • NN Hearing
  • Oticon A/S
  • HANSATON GmbH
  • ReSound
  • Rexton Inc.
  • Signia GmbH
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons to Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 3-month post-sales analyst support.
*Please Note: The report will be delivered in 2-3 business days upon order confirmation*

Table of Contents

508 Pages
1.Executive Summary
1.1. Regional Market Share
1.2.Business Trends
1.3. Hearing Aids Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. Research Methodology
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. Market Characteristics
3.1.Market Definition
3.2.Hearing Aids Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4.Hearing Aids Market – Industry Insights
4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability
5. Macroeconomic Indicators
6. Recent Developments
7. Market Dynamics
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.Risk Analysis
9. Market Analysis
9.1.Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.Hearing Aids Market
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. Hearing Aids Market Size & Forecast 2024A-2034F
11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1.By Product
11.3.1.1.1.Behind-the-Ear (BTE)
11.3.1.1.1.1. By Value (USD Million) 2024-2034F
11.3.1.1.1.2.Market Share (%) 2024-2034F
11.3.1.1.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.1.2. In-the-Ear (ITE)
11.3.1.1.2.1.By Value (USD Million) 2024-2034F
11.3.1.1.2.2. Market Share (%) 2024-2034F
11.3.1.1.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.1.3. Receiver-in-the-Ear (RIE)
11.3.1.1.3.1.By Value (USD Million) 2024-2034F
11.3.1.1.3.2. Market Share (%) 2024-2034F
11.3.1.1.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.1.4. Completely-in-the-Canal (CIC)
11.3.1.1.4.1.By Value (USD Million) 2024-2034F
11.3.1.1.4.2. Market Share (%) 2024-2034F
11.3.1.1.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.1.5. Others
11.3.1.1.5.1.By Value (USD Million) 2024-2034F
11.3.1.1.5.2. Market Share (%) 2024-2034F
11.3.1.1.5.3. Y-o-Y Growth (%) 2024-2034F
11.3.2. By Implants
11.3.2.1.Cochlear Implants
11.3.2.1.1. By Value (USD Million) 2024-2034F
11.3.2.1.2.Market Share (%) 2024-2034F
11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Bone-anchored Implants
11.3.2.2.1.By Value (USD Million) 2024-2034F
11.3.2.2.2. Market Share (%) 2024-2034F
11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.By Patients Type
11.3.3.1.Adult
11.3.3.1.1. By Value (USD Million) 2024-2034F
11.3.3.1.2.Market Share (%) 2024-2034F
11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.2. Pediatric
11.3.3.2.1.By Value (USD Million) 2024-2034F
11.3.3.2.2. Market Share (%) 2024-2034F
11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.By Distribution Channel
11.3.4.1.Hearing Aid Dispensaries
11.3.4.1.1. By Value (USD Million) 2024-2034F
11.3.4.1.2.Market Share (%) 2024-2034F
11.3.4.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.4.2. Online Retailers
11.3.4.2.1.By Value (USD Million) 2024-2034F
11.3.4.2.2. Market Share (%) 2024-2034F
11.3.4.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.3. Healthcare providers
11.3.4.3.1.By Value (USD Million) 2024-2034F
11.3.4.3.2. Market Share (%) 2024-2034F
11.3.4.3.3. Y-o-Y Growth (%) 2024-2034F
12.North America Hearing Aids Market Size & Forecast 2024A-2034F
12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1.By Product
12.3.2. By Implants
12.3.3. By Patients Type
12.3.4. By Distribution Channel
12.4. Country
12.4.1. United States
12.4.2. Canada
13.Europe Hearing Aids Market Size & Forecast 2024A-2034F
13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Product
13.3.2. By Implants
13.3.3. By Patients Type
13.3.4. By Distribution Channel
13.4.Country
13.4.1.Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.Asia-Pacific Hearing Aids Market Size & Forecast 2024A-2034F
14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
14.3.1.By Product
14.3.2. By Implants
14.3.3. By Patients Type
14.3.4. By Distribution Channel
14.4. Country
14.4.1.India
14.4.2. China
14.4.3. South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.Middle East and Africa Hearing Aids Market Size & Forecast 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Product
15.3.2. By Implants
15.3.3. By Patients Type
15.3.4. By Distribution Channel
15.4.Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. Latin America Hearing Aids Market Size & Forecast 2024A-2034F
16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1.By Product
16.3.2. By Implants
16.3.3. By Patients Type
16.3.4. By Distribution Channel
16.4.Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. Competitive Landscape
17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders
18. Company Profiles
18.1.Sonova Holding AG
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.GN Hearing A/S
18.3.Demant A/S
18.4.Cochlear Ltd.
18.5.Amplifon S.p.A.
18.6.Starkey Hearing Technologies
18.7.Widex A/S
18.8.Eargo
18.9.MED-EL Electronics GmbH
18.10.NN Hearing
18.11. Oticon A/S
18.12.HANSATON GmbH
18.13.ReSound
18.14.Rexton Inc.
18.15.Signia GmbH
18.16.Other Prominent Players
19. Appendix
20.Consultant Recommendation

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