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Global Hearing Aid Market Report: Insights, Trends and Forecast (2019-2023)

Global Hearing Aid Market Report: Insights, Trends and Forecast (2019-2023)

The global hearing aid market is estimated to reach US$7.62 billion in 2023, growing at a CAGR of 6.38% for the period spanning from 2019 to 2023. The factors such as escalating diabetic population, increasing aging population, rising prevalence of hearing loss and growing awareness are expected to drive the market. However, growth of the industry will be challenged by high cost of hearing aids, low average selling price and regulatory issues. A few notable trends include digitalization, rechargeable technology and wireless hearing aids.

The global hearing aid market is broadly segmented into four types which are hearing devices, cochlear implants, bone conduction system and diagnostic instruments. The number of advanced technology product launches helped hearing devices to remain at top position amongst all the segments. In the hearing aid market, hearing devices accounted for the highest share in 2018.

The fastest growing regional market is Asia-Pacific due to high noise pollution levels in Asia-Pacific countries, such as India, China, and Japan that have a major impact on the growth of the market. The U.S. and Europe are highly established premium markets that contribute to significant shares in the global market. Rise in the number of people suffering from hearing loss in the U.S. propelled the need for advanced technology in hearing aids. The UK represents one of the largest markets for hearing aid and is already a well-penetrated market.

Scope of the report:

  • The report provides a comprehensive analysis of the global hearing aid market, segmented into hearing devices, cochlear implants, bone conduction system and diagnostic instruments.
  • The major regional markets (The U.S., Europe) have been analyzed, along with country coverage of the UK, Germany and France.
  • The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
  • The competitive landscape of the market, along with the company profiles of leading players (Sonova, William Demant, GN Re Sound, Sivantos Group, Starkey Hearing Technologies & Cochlear Limited) are also presented in detail.
Key Target Audience:
  • Hearing Aid Manufacturers
  • Raw Material/Component Suppliers
  • End Users (Hospitals, Medical Centers & Clinical Institutes)
  • Consulting Firms
  • Investment Banks
  • Government Bodies & Regulating Authorities


1. Market Overview
1.1 Hearing Aid: Introduction
1.2 Degree of Hearing Loss
1.3 Types of Hearing Loss
1.4 Hearing Aid Devices
1.5 Types of Hearing Aids
1.6 Industry Value Chain
Table 1: Hearing Aid Industry Value Chain
2. Global Hearing Aid Market Analysis
2.1 Global Hearing Aid Market
2.1.1 Global Hearing Aid Market by Value
Table 2: Global Hearing Aid Market by Value (2014-2018)
2.1.2 Global Hearing Aid Market Forecast by Value
Table 3: Global Hearing Aid Forecast Market by Value (2019-2023)
2.1.3 Global Hearing Aid Market by Volume
Table 4: Global Hearing Aid Market by Volume (2014-2018)
2.1.4 Global Hearing Aid Market Forecast by Volume
Table 5: Global Hearing Aid Market Forecast by Volume (2019-2023)
2.1.5 Global Hearing Aid Market Volume by Region
Table 6: Global Hearing Aid Market Volume by Region (2014-2018)
2.1.6 Global Hearing Aid Market Volume Forecast by Region
Table 7: Global Hearing Aid Market Volume Forecast by Region (2019-2023)
2.3 Global Hearing Aid Market Share by Segment
Table 8: Global Hearing Aid Market Share by Segment (2018)
2.3.1 Global Hearing Devices Market by Value
Table 9: Global Hearing Devices Market by Value (2014-2018)
2.3.2 Global Hearing Devices Market Forecast by Value
Table 10: Global Hearing Devices Market Forecast by Value (2019-2023)
2.3.3 Global Hearing Devices Market by Region
Table 11: Global Hearing Devices Market by Region (2018)
2.3.4 Global Hearing Diagnostics Market by Value
Table 12: Global Hearing Diagnostics Market by Value (2014-2018)
2.3.5 Global Hearing Diagnostics Market Forecast by Value
Table 13: Global Hearing Diagnostics Market Forecast by Value (2019-2023)
2.3.6 Global Cochlear Implant Market by Value
Table 14: Global Cochlear Implant Market by Value (2014-2018)
2.3.7 Global Cochlear Implant Market Forecast by Value
Table 15: Global Cochlear Implant Market Forecast by Value (2019-2023)
2.3.8 Global Cochlear Implant Market by Volume
Table 16: Global Cochlear Implant Market by Volume (2014-2018)
2.3.9 Global Cochlear Implant Market Forecast by Volume
Table 17: Global Cochlear Implant Market Forecast by Volume (2019-2023)
2.3.10 Global Cochlear Implant Market by Age
Table 18: Global Cochlear Implant Market by Age (2018)
2.3.11 Global Bone Conduction Systems Market by Value
Table 19: Global Bone Conduction Systems Market by Value (2014-2018)
2.3.12 Global Bone Conduction Systems Market Forecast by Value
Table 20: Global Bone Conduction Systems Market Forecast by Value (2019-2023)
2.4 Global Hearing Aid Market Share by Product Type
Table 21: Global Hearing Aid Market Share by Product Type (2018)
2.5 Global Hearing Aid Retail Market Share by Distribution Channels
Table 22: Global Hearing Aid Retail Market Share by Distribution Channels (2018)
2.6 Hearing Aid Penetration Rate in Prominent Countries
Table 23: Hearing Aid Penetration Rate in Prominent Countries (2018)
3. Regional Hearing Aid Market Analysis
3.1 The U.S.
3.1.1 The U.S. Hearing Aid Market by Value
Table 24: The U.S. Hearing Aid Market by Value (2014-2018)
3.1.2 The U.S. Hearing Aid Market Forecast by Value
Table 25: The U.S. Hearing Aid Market Forecast by Value (2019-2023)
3.1.3 The U.S. Hearing Aid Market Share by Product Type
Table 26: The U.S. Hearing Aid Market Share by Product Type (2018)
3.1.4 The U.S. Hearing Aid Market by Product Type
Table 27: The U.S. Hearing Aid Market by Product Type (2014-2018)
3.1.5 The U.S. Hearing Aid Market Forecast by Product Type
Table 28: The U.S. Hearing Aid Market Forecast by Product Type (2019-2023)
3.1.6 The U.S. Hearing Aid Market by Volume
Table 29: The U.S. Hearing Aid Market by Volume (2014-2018)
3.1.7 The U.S. Hearing Aid Market Forecast by Volume
Table 30: The U.S. Hearing Aid Market Forecast by Volume (2019-2023)
3.1.8 The U.S. Hearing Aid Devices Share by Product Type
Table 31: The U.S. Hearing Aid Market Volume Share by Product Type (2018)
3.1.9 The U.S. Hearing Aid Market Volume by Segment
Table 32: The U.S. Hearing Aid Market Volume by Segment (2014-2018)
3.1.10 The U.S. Hearing Aid Market Forecast Volume by Segment
Table 33: The U.S. Hearing Aid Market Forecast Volume by Segment (2019-2023)
3.2 The UK
3.2.1 The UK Hearing Aid Market by Volume
Table 34: The UK Hearing Aid Market by Volume (2014-2018)
3.2.2 The UK Hearing Aid Market Forecast by Volume
Table 35: The UK Hearing Aid Market Forecast by Volume (2019-2023)
3.2.3 The UK Hearing Aid Market Volume by Segment
Table 36: The UK Hearing Aid Market Volume by Segment (2014-2018)
3.2.4 The UK Hearing Aid Market Volume Forecast by Segment
Table 37: The UK Hearing Aid Market Volume Forecast by Segment (2019-2023)
3.2.5 The UK Hearing Aid Market Volume Share by Product Type
Table 38: The UK Hearing Aid Market Volume Share by Product Type (2018)
3.2.6 The UK Hearing Aid Private Market Volume by Product Type
Table 39: The UK Hearing Aid Private Market by Product Type (2014-2018)
3.2.7 The UK Hearing Aid Private Market Volume Forecast by Product Type
Table 40: The UK Hearing Aid Private Market Volume Forecast by Product Type (2019-2023)
3.3 Germany
3.3.1 Germany Hearing Aid Market Volume
Table 41: Germany Hearing Aid Market Volume (2014-2018)
3.3.2 Germany Hearing Aid Market Forecast Volume
Table 42: Germany Hearing Aid Market Forecast by Volume (2019-2023)
3.4 France
3.4.1 France Hearing Aid Market Volume
Table 43: France Hearing Aid Market by Volume (2014-2018)
3.4.2 France Hearing Aid Market Forecast by Volume
Table 44: France Hearing Aid Market Forecast by Volume (2019-2023)
4. Market Dynamics
4.1 Growth Drivers
4.1.1 Increasing Diabetic Population
Table 45: Global Diabetes Population (2017/2045E)
4.1.2 Accelerating Economic Growth
Table 46: Global GDP Per Capita (2014-2018)
4.1.3 Growing Ageing Population
Table 47: Global Ageing Population (2014-2018)
4.1.4 Increasing Life Expectancy
Table 48: Life Expectancy at Birth (2014-2018)
4.1.5 Escalating Healthcare Expenditure
Table 49: Global Healthcare Expenditure (2014-2018)
4.1.6 Rising Prevalence of Hearing Loss
Table 50: Prevalence of Hearing Loss (2018-2023)
4.1.7 Growing Awareness
4.1.8 Increase in the Chronic Kidney Diseases
4.2 Market Trends & Development
4.2.1 Digitalization
4.2.2 Rechargeable Technology
4.2.3 Increasing Use of Lithium Technology
4.2.4 Wireless Hearing Aid
4.3 Challenges
4.3.1 Low Average Selling Price
4.3.2 High Cost of Hearing Aid
4.3.3 Legal Regulations
5. Competitive Landscape
5.1 Global Market
5.1.1 Global Hearing Aid Market by Company
Table 51: Global Hearing Aid Market Share by Company (2018)
5.1.2 Global Private Retail Market by Company
Table 52: Global Private Retail Market by Company (2018)
5.1.3 Global Hearing Aid Direct Retail Sale by Company
Table 53: Global Hearing Aid Direct Retail Sale (As a Proportion of Total Sales) by Company (2018)
5.1.4 Global Organic Growth Rates of Hearing Aid Retail by Company
Table 54: Global Organic Growth Rates of Hearing Aid Retail by Company (2014-2021E)
5.1.5 Global Hearing Instruments Market Share by Company
Table 55: Global Hearing Instruments Market Share by Company (2018)
5.1.6 Global Sales Development of Hearing Instruments by Company
Table 56: Global Sales Development of Hearing Instruments by Company (2014-2021F)
5.1.7 Global Cochlear Implant Market Share by Company
Table 57: Global Cochlear Implant Market Share by Company (2018)
5.1.8 Global Sales Development in Cochlear Implant by Company
Table 58: Global Sales Development in Cochlear Implant by Company (2014-2021F)
5.1.9 Comparison of Key Players by Product Categories and Types
Table 59: Comparison of Key Players by Product Categories and Types
5.1.10 Comparison of Key Players by Developments & Functionalities
Table 60: Comparison of Key Players by Developments & Functionalities
5.2 The U.S. Market
5.2.1 The U.S. Independent Market Share by Company
Table 61: The U.S. Independent Market Share by Company (2018)
5.2.2 The U.S. Veteran Affair Market by Company
Table 62: The U.S. Veteran Affair Market by Company (2018)
5.2.3 The U.S. % Share of Units Sold in Veteran Affair Channel by Company
Table 63: The U.S. % Share of Units Sold in Veteran Affair Channel by Company (2017-2018)
5.2.4 The U.S. Retail Market by Company
Table 64: The U.S. Retail Market by Company (2018)
6. Company Profiles
6.1 Sonova Holding AG
6.1.1 Business Overview
Table 65: Sonova Sales Share by Segments (2018)
6.1.2 Financial Overview
Table 66: Sonova Sales and Net Income (2014-2018)
6.1.3 Business Strategies
6.2 William Demant Holding
6.2.1 Business Overview
Table 67: William Demant Revenue by Segment (2018)
6.2.2 Financial Overview
Table 68: William Demant Revenue and Profit (2014-2018)
6.2.3 Business Strategies
6.3 GN Re Sound
6.3.1 Business Overview
Table 69: GN Re Sound Revenue by Segment (2018)
6.3.2 Financial Overview
Table 70: GN Re Sound’s Revenues and Profit (2014-2018)
6.3.3 Business Strategies
6.4 Sivantos Group/ Widex
6.4.1 Business Overview
6.4.2 Financial Overview
Table 71: Sivantos Group Revenue (2015-2018)
6.4.3 Business Strategies
6.5 Starkey Hearing Technologies, Inc.
6.5.1 Business Overview
6.5.2 Financial Overview
Table 72: Starkey Hearing Technologies, Inc. Revenue (2016-2017)
6.5.3 Business Strategies
6.6 Cochlear Limited
6.6.1 Business Overview
Table 73: Cochlear Limited Sales by Region (2018)
6.6.2 Financial Overview
Table 74: Cochlear Limited Sales and Net Profit (2014-2018)
6.6.3 Business Strategies

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