The global hearing aids market size is expected to reach around US$ 13.54 Bn by 2026 and growing at a CAGR of around 6.9% over the forecast period 2019 to 2026.
A hearing aid is a small electronic device that you wear in or behind your ear. It makes some sounds louder so that a person with hearing loss can listen, communicate, and participate more fully in daily activities. A hearing aid can help people hear more in both quiet and noisy situations. However, only about one out of five people who would benefit from a hearing aid actually uses one.
A hearing aid has three basic parts: a microphone, amplifier, and speaker. The hearing aid receives sound through a microphone, which converts the sound waves to electrical signals and sends them to an amplifier. The amplifier increases the power of the signals and then sends them to the ear through a speaker.
Market Dynamics
The propelling factors for the growth of the global hearing aids market include the rising prevalence of hearing loss, technological advancements in hearing aids, the rise in world geriatric population and growing trend for customized implants. With the increasing ageing population, there has been a rising prevalence of hearing loss. in the united states, hearing loss is additional doubtless to be caused, due to genetic defects. In developing countries, preventable medical problems are typically the foremost factors for causing hearing loss, particularly infections, like German measles or syphilis, which might result in congenital hearing loss. Additionally, pregnancy complications additionally result in hearing loss in infants. Thus, the increasing incidences of hearing disorders and hearing loss problems among the population have led to the sales of a large variety of hearing devices in the market.
Growing noise pollution throughout the globe has additionally a major impact on the hearing abilities of individuals. Noise emission in serious duty industries, additionally as public carnivals, is predicted to wreck the hearing capability of adults, thereby resulting in the increase in the demand for hearing aids devices.
By technology type, digital devices segment are expected to dominate the hearing market
A digital device converts acoustic sound waves into digital form and facilitates exact duplication of sound. The digital signal is then reconverted to a processed analog acoustic signal tailored as per the listener’s demand. Computer chips in digital hearing aids facilitate analyze speech and different surrounding noise. Additionally, these products offer multiple program memories. These more options of those auditory aids are expected to drive its demand over the forecast amount.
Based on product type, Behind- the- ear is expected to dominate during the forecast period
Behind-the-earBTE segment dominated the market in 2018 and is predicted to witness a gradual growth over the forecast amount. BTE hearing aids consist of a small curved case that well fits behind the ear. Modification of these products is possible by connecting them to external sound sources, like infrared listening systems and auditory training equipment. Various BTE models are Bluetooth compatible and that they change higher wireless property, so driving the market. These devices also offer a better sound amplification owing to a powerful amplifier and an over sized battery. Moreover, behind-the-ear (BTE) devices are simple to handle and clean and are a lot of most well-liked by younger population as they'll match into numerous ear molds. Moreover, they don’t would like device replacement because the kid grows. With technological advances, new products like the mini BTE are developed, that are smaller in size and provide a lot of comfort. These factors are responsible for the expansion of those BTE products in the hearing aids market.It is also considered to be ideal for many of the people with hearing problems. BTE products, due to their wide range of applications and wider target patients, are expected to grow at a high rate over the forecast period.
The market research study on “Global Hearing Aids Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”,offers a detailed insight into the global hearing aids market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global hearing aids market, its market type, technology, end user, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global hearing aids market size and volume, and segment markets by market type, technology, end user, and geography along with the information on companies operating in the market. The global hearing aids market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
In 2018, Europe dominated the regional market with a maximum market share
Europe accounted for the high market share of the global hearing aids market and the region is also expected to maintain its dominance over the forecast period.Some major factors contributing to this growth are, increase in the prevalence of deafness and rising awareness about technological advancements. Increase in prevalence of auditory loss and rise in awareness about technological advancements are the key factors driving the demand for these devices in Europe. Additionally, growth of the audiology devices market during this region depends on reimbursement policies of every European nation. According to the European Federation of exhausting of Hearing individuals, in 2015, regarding 51 million individuals suffer from deafness within the European Community. This expected to increase the demand in the domestic market during the forecast period.
The key companies involved in the market includes Phonak, Benson Hearing, GN Store Nord A/S, Starkey, MED-EL, William Demant Holding A/S, Medtronic, Widex USA, Inc., and SivantosPte LTD.
Market Segmentation
Market By Type
- Behind-the-ear
- Canal
- Others
Market By Technology
Market By End User
- Hospitals
- Clinics
- Individuals
- Others
Market By Geography
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table Of Content:
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Hearing Aids
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Hearing Aids Market By Technology
1.2.2.1. Global Hearing Aids Market Revenue and Growth Rate Comparison By Technology(2015-2026)
1.2.2.2. Global Hearing Aids Market Revenue Share By Technology in 2018
1.2.2.3. Digital
1.2.2.4. Analog
1.2.2.5. Others
1.2.3. Hearing Aids Market By Type
1.2.3.1. Global Hearing Aids Market Revenue and Growth Rate Comparison By Type (2015-2026)
1.2.3.2. Global Hearing Aids Market Revenue Share By Type in 2018
1.2.3.3. Behind-the-ear
1.2.3.4. Canal
1.2.4. Hearing Aids Market By End-User
1.2.4.1. Global Hearing Aids Market Revenue and Growth Rate Comparison By End-User(2015-2026)
1.2.4.2. Global Hearing Aids Market Revenue Share By End-Userin 2018
1.2.4.3. Hospitals
1.2.4.4. Clinics
1.2.4.5. Individuals
1.2.4.6. Others
1.2.5. Hearing Aids Market by Geography
1.2.5.1. Global Hearing Aids Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.5.2. North America Hearing Aids Market Revenue and Growth Rate(2015-2026)
1.2.5.3. Europe Hearing Aids Market Revenue and Growth Rate(2015-2026)
1.2.5.4. Asia-Pacific Hearing Aids Market Revenue and Growth Rate(2015-2026)
1.2.5.5. Latin America Hearing Aids Market Revenue and Growth Rate(2015-2026)
1.2.5.6. Middle East and Africa (MEA)Hearing Aids Market Revenue and Growth Rate(2015-2026)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING HEARING AIDSANALYSIS
3.1. Capacity and Commercial Production Date of Global Hearing Aids Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Hearing Aids Major Manufacturers in 2018
3.3. R&D Status and Technology End-User of Global Hearing Aids Major Manufacturers in 2018
3.4. Raw Materials End-Users Analysis of Global Hearing Aids Major Manufacturers in 2018
CHAPTER 4. HEARING AIDS MARKET BY TECHNOLOGY
4.1. Global Hearing Aids Revenue By Technology
4.2. Digital
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Analog
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. Others
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 5. HEARING AIDS MARKET BY TYPE
5.1. Global Hearing Aids Revenue By Type
5.2. Behind-the-ear
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Canal
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 6. HEARING AIDS MARKET BY END-USER
6.1. Global Hearing Aids Revenue By End-User
6.2. Hospitals
6.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.3. Clinics
6.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.4. Individuals
6.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 7. NORTH AMERICA HEARING AIDS MARKET BY COUNTRY
7.1. North America Hearing Aids Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. North America Hearing Aids Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. U.S.
7.3.1. U.S. Hearing Aids Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
7.3.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
7.4.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
CHAPTER 8. EUROPE HEARING AIDS MARKET BY COUNTRY
8.1. Europe Hearing Aids Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Europe Hearing Aids Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.3.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.4.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.5.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.6.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.6.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.7.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.7.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
CHAPTER 9. ASIA-PACIFIC HEARING AIDS MARKET BY COUNTRY
9.1. Asia-Pacific Hearing Aids Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Asia-Pacific Hearing Aids Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.3.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.4.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.5.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.6.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.6.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.7.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.7.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.8.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.8.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
CHAPTER 10. LATIN AMERICA HEARING AIDS MARKET BY COUNTRY
10.1. Latin America Hearing Aids Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Latin America Hearing Aids Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.3.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
10.4. Mexico
10.4.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.4.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.5.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
CHAPTER 11. MIDDLE EAST & AFRICA HEARING AIDS MARKET BY COUNTRY
11.1. Middle East & Africa Hearing Aids Market Revenue and Growth Rate, 2015 - 2026 ($Million)
11.2. Middle East & Africa Hearing Aids Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. GCC
11.3.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
11.3.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
11.3.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
11.4. South Africa
11.4.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
11.4.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
11.4.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
11.5. Rest of Middle East & Africa
11.5.1. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
11.5.2. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
11.5.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
CHAPTER 12. COMPANY PROFILE
12.1. Phonak
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Product Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. Benson Hearing
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Product Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. GN Store Nord A/S
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Product Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. Starkey
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Product Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. MED-EL
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Product Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. William Demant Holding A/S
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Product Portfolio
12.6.5. Key Developments
12.6.6. Strategies
12.7. Medtronic
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Product Portfolio
12.7.5. Key Developments
12.7.6. Strategies
12.8. Widex
12.8.1. Company Snapshot
12.8.2. Overview
12.8.3. Financial Overview
12.8.4. Product Portfolio
12.8.5. Key Developments
12.8.6. Strategies
12.9. SivantosPte Ltd
12.9.1. Company Snapshot
12.9.2. Overview
12.9.3. Financial Overview
12.9.4. Product Portfolio
12.9.5. Key Developments
12.9.6. Strategies
12.10. Building System
12.10.1. Company Snapshot
12.10.2. Overview
12.10.3. Financial Overview
12.10.4. Product Portfolio
12.10.5. Key Developments
12.10.6. Strategies
12.11. Others
12.11.1. Company Snapshot
12.11.2. Overview
12.11.3. Financial Overview
12.11.4. Product Portfolio
12.11.5. Key Developments
12.11.6. Strategies
CHAPTER 13. RESEARCH APPROACH
13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope
