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Global Hearing Aids Market Forecast 2022-2030

Publisher Inkwood Research
Published Jan 24, 2022
Length 210 Pages
SKU # INKR16932756

Description

Global Hearing Aids Market Forecast 2022-2030

KEY FINDINGS

The global hearing aids market is set to project a CAGR of 6.74% during the forecast years of 2022 to 2030. The market growth is mainly ascribed to the significant potential of hearing aids in developing economies, the incidence of disabling hearing loss, public awareness and initiatives associated with hearing loss, and technological advancements.

MARKET INSIGHTS

Hearing loss is a medical condition where a person’s ability to hear thresholds of 25 decibels (dB) is compromised. Different types of hearing loss are experienced by an individual, ranging from mild to severe hearing loss. Moreover, the condition is also one of the leading causes of the surging disease burden globally.

Public awareness, as well as initiatives pertaining to hearing loss, are largely introduced across the world for the improvement of healthcare, in addition to the early detection of hearing loss. For instance, the Australian Hearing Hub Members organized several public health initiatives and activities across the country. Similarly, as per the World Health Organization (WHO) report, on World Hearing Day 2018, in India, an ear awareness and screening camp was arranged at the Ministry of Health and Family Welfare, New Delhi, as a collective effort for sound hearing.

REGIONAL INSIGHTS

The global hearing aids market growth assessment comprises the evaluation of North America, Europe, Asia-Pacific, and Rest of World. The Asia-Pacific is set to grow with the highest CAGR over the forecasted years on account of key factors such as the rising incidence of hearing loss among the pediatric and adult population.

COMPETITIVE INSIGHTS

The intensity of industrial rivalry within the global hearing aids market is moderate. The prices of hearing aids are competitive, with companies exploring the possibilities of expansion in emerging markets through direct sales solutions. Furthermore, stable technological progressions are also fueling competition among existing players.

Some of the key companies operating in the market are Cochlear Ltd, Siemens AG, Sonova, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Table of Contents

210 Pages
1. Research Scope & Methodology
1.1. Study Objectives
1.2. Scope Of Study
1.3. Methodology
1.4. Assumptions & Limitations
2. Executive Summary
2.1. Market Size & Estimates
2.2. Market Overview
3. Market Dynamics
3.1. Key Drivers
3.1.1. Significant Potential For Hearing Aids In Emerging Economies
3.1.2. Advancements In Technology
3.1.3. Prevalence Of Disabling Hearing Loss
3.1.4. Public Awareness And Initiatives On Hearing Loss
3.2. Market Restraints
3.2.1. Existence Of Several Cost-effective Alternatives To Hearing Aid Devices
3.2.2. Low Hearing Aid Penetration Rates In Various Regions
3.2.3. Significant Cost Of Hearing Aids Devices
4. Key Analytics
4.1. Impact Of Covid-19 On Hearing Aids Market
4.2. Key Market Trends
4.3. Porter’s Five Forces Analysis
4.3.1. Buyers Power
4.3.2. Suppliers Power
4.3.3. New Entrants
4.3.4. Substitution
4.3.5. Industry Rivalry
4.4. Supply Chain Analysis
4.5. Key Buying Criteria
4.6. Regulatory Framework
4.7. Opportunity Matrix
4.8. Vendor Landscape
5. Market By Product
5.1. Hearing Aid Devices
5.1.1. Behind-the-ear (Bte)
5.1.2. In-the-canal (Itc) And Completely-in-the-canal (Cic)
5.1.3. In-the-ear (Ite)
5.1.4. Other Hearing Aid Devices
5.2. Hearing Implants
5.2.1. Cochlear Implants
5.2.2. Bone-anchored Systems
6. Market By Technology
6.1. Digital Hearing Aids
6.2. Conventional Hearing Aids
7. Market By Types Of Hearing Loss
7.1. Sensorineural Hearing Loss
7.2. Conductive Hearing Loss
8. Market By Patient Type
8.1. Adults
8.2. Pediatrics / Children
9. Market By Distribution Channel
9.1. Audiology And Ent Clinics
9.2. Pharmacies
9.3. Hospitals
10. Geographical Analysis
10.1. North America
10.1.1. Market Size & Estimates
10.1.2. Key Growth Enablers
10.1.3. Key Challenges
10.1.4. Key Players
10.1.5. Country Analysis
10.1.5.1. United States
10.1.5.2. Canada
10.2. Europe
10.2.1. Market Size & Estimates
10.2.2. Key Growth Enablers
10.2.3. Key Challenges
10.2.4. Key Players
10.2.5. Country Analysis
10.2.5.1. Germany
10.2.5.2. France
10.2.5.3. United Kingdom
10.2.5.4. Italy
10.2.5.5. Russia
10.2.5.6. Spain
10.2.5.7. Netherlands
10.2.5.8. Nordic Countries
10.2.5.9. Rest Of Europe
10.3. Asia-pacific
10.3.1. Market Size & Estimates
10.3.2. Key Growth Enablers
10.3.3. Key Challenges
10.3.4. Key Players
10.3.5. Country Analysis
10.3.5.1. China
10.3.5.2. Japan
10.3.5.3. India
10.3.5.4. Australia & New Zealand
10.3.5.5. South Korea
10.3.5.6. Taiwan
10.3.5.7. Indonesia
10.3.5.8. Singapore
10.3.5.9. Rest Of Asia-pacific
10.4. Rest Of World
10.4.1. Market Size & Estimates
10.4.2. Key Growth Enablers
10.4.3. Key Challenges
10.4.4. Key Players
10.4.5. Regional Analysis
10.4.5.1. Latin America
10.4.5.2. Middle East & Africa
11. Competitive Analysis
11.1. Key Strategic Developments
11.1.1. Mergers & Acquisitions
11.1.2. Product Launches & Developments
11.1.3. Partnerships & Agreements
11.1.4. Business Expansions, Announcements, And Divestitures
11.2. Company Profiles
11.2.1. Amplifon
11.2.2. Arphi Electronics Pvt Ltd
11.2.3. Audina Hearing Instruments Inc
11.2.4. Cochlear Ltd
11.2.5. Gn Store Nord A/S
11.2.6. Horentek
11.2.7. Med-el
11.2.8. Microson
11.2.9. Rion Co Ltd
11.2.10. Sebotek Hearing Systems Llc
11.2.11. Siemens Ag
11.2.12. Sonova
11.2.13. Starkey
11.2.14. William Demant
11.2.15. Zounds Hearing

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