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Global Hearing Aids Market 2016-2020

Global Hearing Aids Market 2016-2020

About Hearing Aids

Technological advancements have led to the introduction of certain innovative products in the market. Battery-operated conventional devices have been replaced with advanced wireless hearing aid devices. The rise in prevalent cases of hearing loss and the transition in demographics have contributed to the increased use of hearing aids.

Technavio’s analysts forecast the global hearing aids market to grow at a CAGR of 5.50% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global hearing aids market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales hearing aids that are used to provide assistance with hearing and other related problems.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Hearing Aids Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • William Demant
  • Sonova
  • Cochlear
  • MED-EL
Other prominent vendors
  • Beltone
  • Eartone
  • GN ReSound
  • Medtechnica Orthophone
  • Miracle Hearing Aid Clinic
  • Persona
  • Shenzhen Sunsky Technology
  • Siemens Healthcare
  • Starkey Hearing Aids
  • Union Hearing Aid Centre
Market driver
  • Rising incidence rate of hearing loss
  • For a full, detailed list, view our report
Market challenge
  • Battery challenges and decibel adjustments hindering adoption
  • For a full, detailed list, view our report
Market trend
  • IT application enabled devices are the next big trend
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Hearing Aids Market 2016-2020

Technavio recognizes the following companies as the key players in the global hearing aids market: William Demant, Sonova, Cochlear, and MED-EL.

Other Prominent Vendors in the market are: Beltone, Eartone, GN ReSound, Medtechnica Orthophone, Miracle Hearing Aid Clinic, Persona, Shenzhen Sunsky Technology, Siemens Healthcare, Starkey Hearing Aids, and Union Hearing Aid Centre.

Commenting on the report, an analyst from Technavio’s team said: “With the advancement in the technology, the market of hearing aid devices has seen a transformation. The new technologies have been helpful in diagnosis and treatment, and can help in improving the quality of life and communication in the patients. The hearing aid devices are developed and modified to keep the patients in sync with the latest IT powered world.”

According to the report, patients who suffer from bilateral hearing loss (i.e., suffering from hearing loss in both the ears) are recommended the use of binaural fittings. These binaural hearing aids result in natural hearing for the individual. These devices are associated with numerous advantages in comparison with single hearing aid devices. These binaural devices help with better sound hearing from all directions. These devices help in speech recognition in noisy environments.

Further, the report states that some technical and consumer challenges have been reported according to studies. With these electronic hearing aid devices, the battery has been one of the major points of concern in most brands.

Companies Mentioned

William Demant, Sonova, Cochlear, MED-EL, Beltone, Eartone, GN ReSound, Medtechnica Orthophone, Miracle Hearing Aid Clinic, Persona, Shenzhen Sunsky Technology, Siemens Healthcare, Starkey Hearing Aids, Union Hearing Aid Centre.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Comparison of product features between hearing aids and hearing implants
  • Market landscape
    • Market overview
      • Table Global hearing aids market segmentation
      • Table Impact assessment of global hearing aids market
    • Market size and forecast
      • Table Global hearing aids market 2015-2020 ($ billions)
      • Table Government guidelines and support in developed countries
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Table Global hearing aids market by product 2015
    • Table Global hearing aids market by product 2020
    • Hearing aid devices
      • Table Features and benefits of hearing aid devices: Market impact
      • Table Hearing aid devices: Market overview
      • Table Global hearing aid devices market 2015
      • Table Global hearing aid devices market: Metrics analysis
      • Table Global hearing aid devices market 2015-2020 ($ billions)
      • Table Factors affecting the hearing aid devices market
    • Hearing implants
      • Table Global hearing implants: Market segmentation
      • Table Global hearing implant market by implant type 2015
      • Table Global hearing implants market overview
      • Table Global hearing implant market 2015-2020 ($ billions)
      • Table Factors affecting the hearing implants market
  • Market segmentation by end-user
    • Table Global hearing aids market by end-user 2015
    • Hospitals
    • Clinics
    • Individuals
  • Geographical segmentation
    • Table Global hearing aids market 2015
    • Table Global hearing aids market 2020
    • Hearing aids market in Americas
      • Table Americas: Market overview of hearing aids
      • Table Key takeaway: Hearing aids market in US
      • Table Hearing aids market in Americas 2015-2020 ($ billions)
      • Table Americas: Market metrics in various countries
    • Hearing aids market in EMEA
      • Table EMEA: Market overview of hearing aids market
      • Table Key takeaway: Hearing aids market in the UK
      • Table Hearing aids market in EMEA 2015-2020 ($ billions)
      • Table EMEA: Market metrics in various countries
    • Hearing aids market in APAC
      • Table Market overview of hearing aids
      • Table Hearing aids market in APAC 2015-2020 ($ billions)
      • Table APAC: Market metrics in various countries
  • Market drivers
    • Rising incidence rate of hearing loss
    • Increased use of binaural fittings
      • Table Growth drivers and unmet market needs: Monaural and binaural hearing aids
    • Rise in the number of hearing impairment and related disorders
      • Table Future outlook: Reasons for the rise in professionals
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Battery challenges and decibel adjustments hindering adoption
      • Table Growth drivers and unmet market needs of hearing aid devices
    • Heterogeneous reimbursement policy restrictions for different age groups
      • Table Reimbursement benefits and drawbacks of hearing aids
    • High procedure cost for hearing implants
      • Table Services and cost comparison for hearing impairment
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • IT application enabled devices are the next big trend
      • Table New technology and product line in hearing aid devices
    • 3D printing technology aids in the customization of new devices
    • Increasing demand for direct services
  • Vendor landscape
    • Competitive scenario
      • Table Competitive structure analysis of global hearing aids market 2015
      • Table Competitive landscape analysis of global hearing aids market
      • Table Global market penetration of various hearing aids manufacturers (2015)
      • Table Strategic success factors of companies in global hearing aids market
  • Key vendor analysis
    • Geographic presence: Key vendor analysis
      • Table Regional analysis of key vendors
    • William Demant
      • Table William Demant: Profile
      • Table William Demant: Strength analysis
      • Table William Demant; Growth strategy matrix
      • Table William Demant: Opportunity assessment
    • Sonova
      • Table Sonova: Profile
      • Table Sonova: Strength analysis
      • Table Sonova: Growth strategy matrix
      • Table Sonova: Opportunity assessment
    • Cochlear
      • Table Cochlear: Profile
      • Table Cochlear: Strength analysis
      • Table Cochlear: Growth strategy matrix
      • Table Cochlear Limited: Opportunity assessment
    • MED-EL
      • Table MED-EL: Profile
      • Table MED-EL: Strength analysis
      • Table MED-EL: Growth strategy matrix
      • Table MED-EL: Growth opportunity assessment
    • Other prominent vendors
      • Table Other prominent vendors: Global hearing aids market
    • Key news
  • Appendix
    • List of abbreviations
  • Explore Technavio

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