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Global Hearing Aids Market Forecast 2019-2027

Global Hearing Aids Market Forecast 2019-2027
KEY FINDINGS

The global hearing aid market is expected to rise with a CAGR of 5.42% over the forecast period of 2019-2027. The market is prospering on account of factors like global increase in the elderly population, increased use of binaural fittings and technological advancements in hearing aids.

MARKET INSIGHTS

The global hearing aid market segmentation is done on the basis of patient types, hearing loss types and products. The patients in this market are generally adults and paediatrics. The hearing loss can be a sensorineural hearing loss or a conductive hearing loss. The product segment of the market is sub-divided into hearing aid devices and hearing implants. Opportunities like the incorporation of lithium-ion batteries in hearing aids and high prevalence of hearing loss in emerging countries are propelling this market’s growth. However, the market is facing challenges in terms of competition from cochlear implants and reimbursement issues.

REGIONAL INSIGHTS

North America, Europe, Asia-Pacific and rest of the world are the regions on the basis of which the global hearing aid market has been geographically segmented. By the end of the forecast period, the European hearing aid market is expected to dominate the global scene in terms of market share. The region is progressing because of technological advancements in the market. However, the North American market is likely to exhibit the highest CAGR by the end of 2027. The Department of Veteran Affairs, the US government program for military veterans, and the private sector is the main end-user of the hearing aid market in this region.

COMPETITIVE INSIGHTS

The leading companies in this market are Amplifon Hearing Health Care, Arphi Electronics Pvt. Ltd, Audina Hearing Instruments, Cochlear Ltd, Gn Store Nord, Horentek, Med-El, Microson, Rion Co., Ltd., Sebotek Hearing Systems, Siemens Ag, Sonova Holding Ag, Starkey Hearing Technologies, William Demant Holding A/S and Zounds Hearing Inc.


1. Research Scope
1.1. Study Goals
1.2. Scope Of The Market Study
1.3. Who Will Find This Report Useful?
1.4. Study And Forecasting Years
2. Research Methodology
2.1. Sources Of Data
2.1.1. Secondary Data
2.1.2. Primary Data
2.2. Top Down Approach
2.3. Bottom-up Approach
2.4. Data Triangulation
3. Executive Summary
3.1. Market Summary
3.2. Key Findings
3.2.1. Surging Aging Population
3.2.2. Hearing Aid Devices Holds The Largest Market Share In Terms Of Products
3.2.3. Sensorineural Hearing Loss Is A Major Type Of Hearing Loss
4. Market Determinants
4.1. Market Drivers
4.1.1. Rising Aging Population
4.1.2. Increased Use Of Binaural Fittings
4.1.3. Technological Advancements
4.1.4. Increasing Prevalence Of Hearing Loss
4.2. Market Restraints
4.2.1. Low Penetration Rate Of Hearing Aids
4.2.2. Significant Cost Of Hearing Aids Devices
4.2.3. Lack Of Awareness And Social Stigma
4.3. Market Opportunities
4.3.1. Incorporation Of Lithium-ion Batteries In Hearing Aids
4.3.2. High Prevalence Of Hearing Loss In Emerging Countries
4.4. Market Challenges
4.4.1. Competition From Cochlear Implants
4.4.2. Reimbursement Issues
5. Market Segmentation
5.1. Market By Types Of Hearing Loss 2019-2027
5.1.1. Sensorineural Hearing Loss
5.1.2. Conductive Hearing Loss
5.2. Market By Patient Type 2019-2027
5.2.1. Adults
5.2.2. Pediatrics
5.3. Market By Products 2019-2027
5.3.1. Hearing Aid Devices
5.3.1.1. Receiver-in-the –ear
5.3.1.2. Behind The Ear
5.3.1.3. Canal
5.3.1.3.1. Cic Hearing Aids Devices
5.3.1.3.2. Itc Hearing Aid Devices
5.3.1.3.3. Iic Hearing Aid Devices
5.3.1.4. In-the-ear
5.3.1.5. Other Hearing Device
5.3.2. Hearing Implants
5.3.2.1. Cochlear Implants
5.3.2.2. Bone-anchored Systems
6. Key Analytics
6.1. Porter’s 5 Forces Model
6.1.1. Threat Of New Entrants
6.1.2. Threat Of Substitute
6.1.3. Bargaining Power Of Buyer
6.1.4. Bargaining Power Of Supplier
6.1.5. Intensity Of Competitive Rivalry
6.2. Key Trends
6.3. Supply Chain Analysis
6.3.1. Suppliers
6.3.2. Research & Development
6.3.3. Assembly & Manufacturing
6.3.4. Retail & Marketing
6.3.5. End Users
6.4. Key Buying Criteria
6.5. Regulatory Framework
7. Geographical Analysis
7.1. North America
7.1.1. The United States
7.1.2. Canada
7.2. Europe
7.2.1. The United Kingdom
7.2.2. France
7.2.3. Germany
7.2.4. Spain
7.2.5. Italy
7.2.6. Rest Of Europe
7.3. Asia Pacific
7.3.1. China
7.3.2. India
7.3.3. Japan
7.3.4. Australia
7.3.5. South Korea
7.3.6. Rest Of Apac
7.4. Rest Of World
7.4.1. Latin America
7.4.2. Middle East & Africa
8. Company Profiles
8.1. Competitive Landscape
8.1.1. Company Market Share
8.2. Amplifon Hearing Health Care
8.2.1. Company Overview
8.2.2. Product Portfolio
8.2.3. Scot Analysis
8.2.4. Strategic Initiatives
8.3. Arphi Electronics Pvt. Ltd.
8.3.1. Company Overview
8.3.2. Product Portfolio
8.3.3. Scot Analysis
8.4. Audina Hearing Instruments
8.4.1. Company Overview
8.4.2. Product Portfolio
8.4.3. Scot Analysis
8.5. Cochlear Ltd
8.5.1. Company Overview
8.5.2. Product Portfolio
8.5.3. Scot Analysis
8.5.4. Strategic Initiatives
8.6. Gn Store Nord
8.6.1. Company Overview
8.6.2. Product Portfolio
8.6.3. Scot Analysis
8.6.4. Strategic Initiatives
8.7. Horentek
8.7.1. Company Overview
8.7.2. Product Portfolio
8.7.3. Scot Analysis
8.8. Med-el
8.8.1. Company Overview
8.8.2. Product Portfolio
8.8.3. Scot Analysis
8.8.4. Strategic Initiatives
8.9. Microson
8.9.1. Company Overview
8.9.2. Product Portfolio
8.9.3. Scot Analysis
8.10. Rion Co., Ltd.
8.10.1. Company Overview
8.10.2. Product Portfolio
8.10.3. Strategic Initiatives
8.11. Sebotek Hearing Systems
8.11.1. Company Overview
8.11.2. Product Portfolio
8.11.3. Scot Analysis
8.12. Siemens Ag
8.12.1. Company Overview
8.12.2. Product Portfolio
8.12.3. Scot Analysis
8.12.4. Strategic Initiative
8.13. Sonova Holding Ag
8.13.1. Company Overview
8.13.2. Product Portfolio
8.13.3. Scot Analysis
8.13.4. Strategic Initiatives
8.14. Starkey Hearing Technologies
8.14.1. Company Overview
8.14.2. Product Portfolio
8.14.3. Scot Analysis
8.14.4. Strategic Initiatives
8.15. William Demant Holding A/S
8.15.1. Company Overview
8.15.2. Product Portfolio
8.15.3. Scot Analysis
8.15.4. Strategic Initiatives
8.16. Zounds Hearing, Inc.
8.16.1. Company Overview
8.16.2. Product Portfolio
8.16.3. Scot Analysis
Table List
Table 1 Global Hearing Aids Market By Geography 2019-2027 ($ Million)
Table 2 Global Hearing Aids Market By Types Of Hearing Loss 2019-2027 ($ Million)
Table 3 Global Hearing Aids Market In Sensorineural Hearing Loss By Geography 2019-2027 ($ Million)
Table 4 Global Hearing Aids Market In Conductive Hearing Loss By Geography 2019-2027 ($ Million)
Table 5 Global Hearing Aids Market By Patient Type 2019-2027 ($ Million)
Table 6 Global Hearing Aids Market In Adults By Geography 2019-2027 ($ Million)
Table 7 Global Hearing Aids Market In Pediatrics By Geography 2019-2027 ($ Million)
Table 8 Global Hearing Aids Market By Products 2019-2027 ($ Million)
Table 9 Global Hearing Aids Market In Hearing Aid Devices By Geography 2019-2027 ($ Million)
Table 10 Global Hearing Aids Market In Hearing Aid Devices By Types 2019-2027 ($ Million)
Table 11 Global Hearing Aid Devices Market In Canal By Types 2019-2027 ($ Million)
Table 12 Global Hearing Aids Market In Hearing Implants By Geography 2019-2027 ($ Million)
Table 13 Prevalence Of Hearing Loss Amongst Population Worldwide For Each Region (2018)
Table 14 Healthcare Spending Among The Nations Worldwide
Table 15 Global Hearing Aids Market By Geography 2019-2027 ($ Million)
Table 16 North America Hearing Aids Market 2019-2027 ($ Million)
Table 17 The United States Hearing Aids Market By Patients Type 2019-2027 ($ Million)
Table 18 Canada Hearing Aids Market By Patients Type 2019-2027 ($ Million)
Table 19 Europe Hearing Aids Market 2019-2027 ($ Million)
Table 20 The United Kingdom Hearing Aids Market By Patient Types 2019-2027 ($ Million)
Table 21 Germany Hearing Aids Market By Patient Types 2019-2027 ($ Million)
Table 22 Spain Hearing Aids Market 2019-2027 By Patient Types ($ Million)
Table 23 Italy Hearing Aids Market By Patient Types 2019-2027 ($ Million)
Table 24 Rest Of Europe Hearing Aids Market By Patient Types 2019-2027 ($ Million)
Table 25 Asia Pacific Hearing Aids Market 2019-2027 ($ Million)
Table 26 China Hearing Aids Market By Patient Types 2019-2027 ($ Million)
Table 27 India Hearing Aids Market By Patient Types 2019-2027 ($ Million)
Table 28 Japan Hearing Aids Market By Patient Types 2019-2027 ($ Million)
Table 29 Australia Hearing Aids Market By Patient Types 2019-2027 ($ Million)
Table 30 South Korea Hearing Aids Market By Patient Types 2019-2027 ($ Million)
Table 31 Rest Of Apac Hearing Aids Market By Patient Types 2019-2027 ($ Million)
Table 32 Rest Of World Hearing Aids Market 2019-2027 ($ Million)
Table 33 Latin America Hearing Aids Market By Patient Types 2019-2027 ($ Million)
Table 34 Middle East & Africa Hearing Aids Market By Patient Types 2019-2027 ($ Million)
Figures List
Figure 1 Global Hearing Aids Market 2019-2027 ($ Million)
Figure 2 Prevalence Of Disabling Hearing Loss Among Adults And Older
Figure 3 Person Aged 60 Years Or Above By Geography (In Million)
Figure 4 Number Of People With Hearing Loss
Figure 5 Global Hearing Aid Devices Market In Receiver-in-the –ear 2019-2027 ($ Million)
Figure 6 Global Hearing Aid Devices Market In Behind The Ear 2019-2027 ($ Million)
Figure 7 Global Hearing Aid Devices Market In Canal 2019-2027 ($ Million)
Figure 8 Global Canal Market In Cic Hearing Aids Devices 2019-2027 ($ Million)
Figure 9 Global Canal Market In Itc Hearing Aid Devices 2019-2027 ($ Million)
Figure 10 Global Canal Market In Iic Hearing Aid Devices 2019-2027 ($ Million)
Figure 11 Global Hearing Aid Devices Market In In-the-ear 2019-2027 ($ Million)
Figure 12 Global Hearing Aid Devices Market In Other Hearing Device 2019-2027 ($ Million)
Figure 13 Global Hearing Implants Market In Cochlear Implants 2019-2027 ($ Million)
Figure 14 Global Hearing Implants Market In Bone-anchored Systems 2019-2027 ($ Million)
Figure 15 Prevalence Of Hearing Loss Among Different Categories Globally 2018 (%)
Figure 16 Global Hearing Impaired Patients In Terms Of Age Group In 2018 (%)
Figure 17 Healthcare Expenditure In Terms Of Purchasing Power Parity 2016 To 2025 ($ Trillion)
Figure 18 Supply Chain Analysis In Hearing Aids Industry
Figure 19 Key Buying Criteria: Global Hearing Aids Market
Figure 20 The United States Hearing Aids Market 2019-2027 ($ Million)
Figure 21 Canada Hearing Aids Market 2019-2027 ($ Million)
Figure 22 The United Kingdom Hearing Aids Market 2019-2027 ($ Million)
Figure 23 France Hearing Aids Market 2019-2027 ($ Million)
Figure 24 France Hearing Aids Market By Patient Types 2019-2027 ($ Million)
Figure 25 Germany Hearing Aids Market 2019-2027 ($ Million)
Figure 26 Spain Hearing Aids Market 2019-2027 ($ Million)
Figure 27 Italy Hearing Aids Market 2019-2027 ($ Million)
Figure 28 Rest Of Europe Hearing Aids Market 2019-2027 ($ Million)
Figure 29 China Hearing Aids Market 2019-2027 ($ Million)
Figure 30 India Hearing Aids Market 2019-2027 ($ Million)
Figure 31 Japan Hearing Aids Market 2019-2027 ($ Million)
Figure 32 Australia Hearing Aids Market 2019-2027 ($ Million)
Figure 33 South Korea Hearing Aids Market 2019-2027 ($ Million)
Figure 34 Rest Of Apac Hearing Aids Market 2019-2027 ($ Million)
Figure 35 Latin America Hearing Aids Market 2019-2027 ($ Million)
Figure 36 Middle East & Africa Hearing Aids Market 2019-2027 ($ Million)
Figure 37 Global Hearing Aids Company Market Share 2017 (% Revenue)

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