The Global Hearing Care Devices Market Size accounted for USD 8.7 Billion in 2022 and is estimated to achieve a market size of USD 14.8 Billion by 2032 growing at a CAGR of 5.5% from 2023 to 2032.
Hearing Care Devices Market Highlights
- Global hearing care devices market revenue is poised to garner USD 14.8 billion by 2032 with a CAGR of 5.5% from 2023 to 2032
- North America hearing care devices market value occupied almost USD 3.1 billion in 2022
- Asia-Pacific hearing care devices market growth will record a CAGR of over 6% from 2023 to 2032
- Among product, the hearing aids sub-segment generated over US$ 6.2 billion revenue in 2022
- Based on end-user, the home settings sub-segment generated around 40% share in 2022
- Emphasis on personalized hearing care is a popular hearing care devices market trend that fuels the industry demand
Hearing care devices restore hearing function in patients suffering from hearing impairment. Some of these devices (mainly implants) could even restore hearing function in profoundly deaf individuals. Hearing loss is an unfortunate injury that occurs from the destruction caused to small sensory cells in the inner ear, usually known as hair cell damage. The speaker, amplifier, and microphone are the basic parts used in the hearing device. Hearing devices receive sound through a microphone which is converted into electrical signals. This signal is sent to an amplifier, which amplifies the received audio signals and then sends them through a speaker to the ear.
Global Hearing Care Devices Market Dynamics
Market Drivers
- Increasing prevalence of hearing loss
- Rising awareness about hearing loss
- Growing need to reduce the use of chemical fertilizers
- Surging research and development activities
Market Restraints
- High cost of hearing care devices
- Limited access to hearing care services
- Stigma associated with hearing loss
Market Opportunities
- Advancements in hearing implant technologies
- Increasing adoption of over-the-counter (OTC) hearing aids
- Growing popularity of rechargeable hearing aids
Hearing Care Devices Market Report Coverage
| Market |
Hearing Care Devices Market |
| Hearing Care Devices Market Size 2022 |
USD 8.7 Million |
| Hearing Care Devices Market Forecast 2032 |
USD 14.8 Million |
| Hearing Care Devices Market CAGR During 2023 - 2032 |
5.5% |
| Hearing Care Devices Market Analysis Period |
2020 - 2032 |
| Hearing Care Devices Market Base Year |
2022 |
| Hearing Care Devices Market Forecast Data |
2023 - 2032 |
| Segments Covered |
By Product, By Type of Hearing Loss, By End-User, And By Geography
|
| Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled |
GN Store Nord A/S, Amplifon, Cochlear Ltd., Starkey, American Hearing Aids, Sivantos Pte. Ltd., Sonova, MED-EL, IntriCon Corporation, and Demant A/S.
|
Report Coverage
|
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis |
Hearing Care Devices Market Insights
The growth of the global hearing care devices market is impacted by factors such as a rise in the incidence of hearing disorders due to the rise in the geriatric population and demographics & lifestyle changes. In addition, the development of miniaturized hearing aids and advanced hearing implants fuels the demand for hearing care devices. However, numerous factors such as the high cost of devices and high drop-out rates of patients are expected to hamper the market growth. Lucrative opportunities in emerging economies and increasing penetration rate are expected to boost this market in the next years.
On the basis of technology, the market is bifurcated into the digital hearing aid and analog hearing aid. The digital hearing aid segment was the highest contributor to the global hearing aid market in 2022 and is estimated to maintain its dominance in terms of both revenue and volume during the forecast period. Digital hearing aids function by converting sound waves to digital signals to produce an exact duplication of sound rather than amplifying it. Digital technology improves the performance of hearing aids in certain environments by reducing background noise. These digital hearing aids are preferred the most nowadays as they are flexible and adjustable for specific user needs. Hence, the demand among the population for digital hearing aids is expected to boost the growth of this market in the coming years.
Hearing Care Devices Market, By Segmentation
The worldwide market for hearing care devices is split based on product, type of hearing loss, end-user, and geography.
Hearing Care Device Market, By Product
- Hearing Aids
- By Type
- Behind-the-Ear (BTE) Aids
- In-the-Ear Aids
- Receiver-in-the-Ear (RITE)
- Canal Hearing Aids
- By Technology
- Analog Hearing Aids
- Digital Hearing Aids
- Hearing Implants
- Cochlear Implants
- Bone-Anchored Hearing Systems (BAHS)
- Auditory Brainstem Implants
- Middle Ear Implants
As per the hearing care devices industry analysis, hearing aids dominate the hearing care devices market. This is due to the fact that hearing aids are more widely used and less expensive than hearing implants. Hearing aids are intended to improve hearing in people who have mild to moderate hearing loss. They are available in a variety of styles, including behind-the-ear, in-the-ear, and completely in-the-canal, and can be tailored to the individual's specific hearing requirements.
Hearing implants, on the other hand, are typically used for people who do not benefit from hearing aids and have severe or profound hearing loss. They are more expensive, and they must be implanted surgically. Cochlear implants, bone-anchored hearing aids, and auditory brainstem implants are all types of hearing implants.
Hearing Care Device Market, By Type of Hearing Loss
- Sensorineural Hearing Loss
- Conductive Hearing Loss
Sensorineural hearing loss currently dominates the market for hearing aids. This type of hearing loss occurs when the inner ear or the nerve pathways that transmit sound from the inner ear to the brain are damaged. The most common type of hearing loss is caused by ageing, noise exposure, or genetics.
The most common treatment for sensorineural hearing loss is hearing aids. They are intended to improve hearing and amplify sound for people who have mild to moderate sensorineural hearing loss. Cochlear implants may be recommended in some cases for people who have severe or profound sensorineural hearing loss.
Conductive hearing loss, on the other hand, occurs when an issue with the outer or middle ear prevents sound from being properly conducted to the inner ear. This is a less common type of hearing loss than sensorineural hearing loss and is usually caused by ear infections, blockages, or structural abnormalities.
Hearing Care Device Market, By End-User
- Hospitals & Clinics
- Home Settings
- Ambulatory Surgical Centers (ASCs)
According to the hearing care device market forecast, the hospitals and clinics have traditionally dominated the market. This is due to well-established audiology departments and trained professionals who can diagnose and treat hearing loss in hospitals and clinics. Furthermore, many people prefer to seek hearing care services in a clinical setting because they believe it is more dependable and professional.
However, there has been a shift in recent years towards home settings as a preferred end-user for hearing care devices. This is due to the advancement of more advanced hearing care devices, including prescription hearing aids that can be fitted and adjusted in the patient's home. Additionally, for patients with mobility or transportation issues, home settings are a more convenient and accessible option.
Hearing Care Device Market Regional Outlook
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
Hearing Care Devices Market Regional Analysis
North America is the largest market for hearing care devices because of the high prevalence of hearing loss in the ageing population and the availability of advanced hearing care technologies. The United States is the region's largest market, followed by Canada.
Europe is also a significant market for hearing care devices due to the high prevalence of hearing loss and the availability of advanced hearing care technologies. The largest markets in this region are the United Kingdom, Germany, and France.
The Asia-Pacific region is expected to experience significant growth in the hearing care devices market due to the increasing prevalence of hearing loss and growing awareness of hearing health,. China and India are expected to be the region's largest markets.
Hearing Care Devices Market Players
Some of the top hearing care devices companies offered in the professional report includes GN Store Nord A/S, Amplifon, Cochlear Ltd., Starkey, American Hearing Aids, Sivantos Pte. Ltd., Sonova, MED-EL, IntriCon Corporation, and Demant A/S.
CHAPTER 1. Industry Overview of Hearing Care Devices Market
1.1. Definition and Scope
1.1.1. Definition of Hearing Care Devices
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Hearing Care Devices Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Hearing Care Devices Market By Product
1.2.3. Hearing Care Devices Market By Type of Hearing Loss
1.2.4. Hearing Care Devices Market By End-User
1.2.5. Hearing Care Devices Market By Region
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restraint 1
3.2.2. Restraint 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Conductive Hearing Loss of Suppliers
3.4.2. Bargaining Conductive Hearing Loss of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Hearing Care Devices Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Hearing Care Devices Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Cost Structure Analysis
3.8.1. Price Trend of Key Raw Materials
3.8.2. Raw Material Suppliers
3.8.3. Proportion of Manufacturing Cost Structure
3.8.3.1. Raw Material
3.8.3.2. Labor Cost
3.8.3.3. Manufacturing Expense
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2022
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2022
4.2. R&D Status of Major Manufacturers in 2022
CHAPTER 5. Hearing Care Devices Market By Product
5.1. Introduction
5.2. Hearing Care Devices Revenue By Product
5.2.1. Hearing Care Devices Revenue (USD Billion) and Forecast, By Product, 2020-2032
5.2.2. Hearing Aids
5.2.2.1. Hearing Aids Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.2.2. By Type
5.2.2.2.1. By Type Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.2.2.2. Behind-the-Ear (BTE) Aids
5.2.2.2.2.1. Behind-the-Ear (BTE) Aids Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.2.2.3. In-the-Ear Aids
5.2.2.2.3.1. In-the-Ear Aids Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.2.2.4. Receiver-in-the-Ear (RITE)
5.2.2.2.4.1. Receiver-in-the-Ear (RITE) Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.2.2.5. Canal Hearing Aids
5.2.2.2.5.1. Canal Hearing Aids Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.2.3. By Technology
5.2.2.3.1. By Technology Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.2.3.2. Analog Hearing Aids
5.2.2.3.2.1. Analog Hearing Aids Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.2.3.3. Digital Hearing Aids
5.2.2.3.3.1. Digital Hearing Aids Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.3. Hearing Implants
5.2.3.1. Hearing Implants Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.3.2. Cochlear Implants
5.2.3.2.1. Cochlear Implants Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.3.3. Bone-Anchored Hearing Systems (BAHS)
5.2.3.3.1. Bone-Anchored Hearing Systems (BAHS) Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.3.4. Auditory Brainstem Implants
5.2.3.4.1. Auditory Brainstem Implants Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.3.5. Middle Ear Implants
5.2.3.5.1. Middle Ear Implants Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
CHAPTER 6. Hearing Care Devices Market By Type of Hearing Loss
6.1. Introduction
6.2. Hearing Care Devices Revenue By Type of Hearing Loss
6.2.1. Hearing Care Devices Revenue (USD Billion) and Forecast, By Type of Hearing Loss, 2020-2032
6.2.2. Sensorineural Hearing Loss
6.2.2.1. Sensorineural Hearing Loss Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
6.2.3. Conductive Hearing Loss
6.2.3.1. Conductive Hearing Loss Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
CHAPTER 7. Hearing Care Devices Market By End-User
7.1. Introduction
7.2. Hearing Care Devices Revenue By End-User
7.2.1. Hearing Care Devices Revenue (USD Billion) and Forecast, By End-User, 2020-2032
7.2.2. Hospitals & Clinics
7.2.2.1. Hospitals & Clinics Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
7.2.3. Home Settings
7.2.3.1. Home Settings Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
7.2.4. Ambulatory Surgical Centers (ASCs)
7.2.4.1. Ambulatory Surgical Centers (ASCs) Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
7.2.5. Others
7.2.5.1. Others Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
CHAPTER 8. North America Hearing Care Devices Market By Country
8.1. North America Hearing Care Devices Market Overview
8.2. U.S.
8.2.1. U.S. Hearing Care Devices Revenue (USD Billion) and Forecast By Product, 2020-2032
8.2.2. U.S. Hearing Care Devices Revenue (USD Billion) and Forecast By Type of Hearing Loss, 2020-2032
8.2.3. U.S. Hearing Care Devices Revenue (USD Billion) and Forecast By End-User, 2020-2032
8.3. Canada
8.3.1. Canada Hearing Care Devices Revenue (USD Billion) and Forecast By Product, 2020-2032
8.3.2. Canada Hearing Care Devices Revenue (USD Billion) and Forecast By Type of Hearing Loss, 2020-2032
8.3.3. Canada Hearing Care Devices Revenue (USD Billion) and Forecast By End-User, 2020-2032
8.4. North America PEST Analysis
CHAPTER 9. Europe Hearing Care Devices Market By Country
9.1. Europe Hearing Care Devices Market Overview
9.2. U.K.
9.2.1. U.K. Hearing Care Devices Revenue (USD Billion) and Forecast By Product, 2020-2032
9.2.2. U.K. Hearing Care Devices Revenue (USD Billion) and Forecast By Type of Hearing Loss, 2020-2032
9.2.3. U.K. Hearing Care Devices Revenue (USD Billion) and Forecast By End-User, 2020-2032
9.3. Germany
9.3.1. Germany Hearing Care Devices Revenue (USD Billion) and Forecast By Product, 2020-2032
9.3.2. Germany Hearing Care Devices Revenue (USD Billion) and Forecast By Type of Hearing Loss, 2020-2032
9.3.3. Germany Hearing Care Devices Revenue (USD Billion) and Forecast By End-User, 2020-2032
9.4. France
9.4.1. France Hearing Care Devices Revenue (USD Billion) and Forecast By Product, 2020-2032
9.4.2. France Hearing Care Devices Revenue (USD Billion) and Forecast By Type of Hearing Loss, 2020-2032
9.4.3. France Hearing Care Devices Revenue (USD Billion) and Forecast By End-User, 2020-2032
9.5. Spain
9.5.1. Spain Hearing Care Devices Revenue (USD Billion) and Forecast By Product, 2020-2032
9.5.2. Spain Hearing Care Devices Revenue (USD Billion) and Forecast By Type of Hearing Loss, 2020-2032
9.5.3. Spain Hearing Care Devices Revenue (USD Billion) and Forecast By End-User, 2020-2032
9.6. Rest of Europe
9.6.1. Rest of Europe Hearing Care Devices Revenue (USD Billion) and Forecast By Product, 2020-2032
9.6.2. Rest of Europe Hearing Care Devices Revenue (USD Billion) and Forecast By Type of Hearing Loss, 2020-2032
9.6.3. Rest of Europe Hearing Care Devices Revenue (USD Billion) and Forecast By End-User, 2020-2032
9.7. Europe PEST Analysis
CHAPTER 10. Asia Pacific Hearing Care Devices Market By Country
10.1. Asia Pacific Hearing Care Devices Market Overview
10.2. China
10.2.1. China Hearing Care Devices Revenue (USD Billion) and Forecast By Product, 2020-2032
10.2.2. China Hearing Care Devices Revenue (USD Billion) and Forecast By Type of Hearing Loss, 2020-2032
10.2.3. China Hearing Care Devices Revenue (USD Billion) and Forecast By End-User, 2020-2032
10.3. Japan
10.3.1. Japan Hearing Care Devices Revenue (USD Billion) and Forecast By Product, 2020-2032
10.3.2. Japan Hearing Care Devices Revenue (USD Billion) and Forecast By Type of Hearing Loss, 2020-2032
10.3.3. Japan Hearing Care Devices Revenue (USD Billion) and Forecast By End-User, 2020-2032
10.4. India
10.4.1. India Hearing Care Devices Revenue (USD Billion) and Forecast By Product, 2020-2032
10.4.2. India Hearing Care Devices Revenue (USD Billion) and Forecast By Type of Hearing Loss, 2020-2032
10.4.3. India Hearing Care Devices Revenue (USD Billion) and Forecast By End-User, 2020-2032
10.5. Australia
10.5.1. Australia Hearing Care Devices Revenue (USD Billion) and Forecast By Product, 2020-2032
10.5.2. Australia Hearing Care Devices Revenue (USD Billion) and Forecast By Type of Hearing Loss, 2020-2032
10.5.3. Australia Hearing Care Devices Revenue (USD Billion) and Forecast By End-User, 2020-2032
10.6. South Korea
10.6.1. South Korea Hearing Care Devices Revenue (USD Billion) and Forecast By Product, 2020-2032
10.6.2. South Korea Hearing Care Devices Revenue (USD Billion) and Forecast By Type of Hearing Loss, 2020-2032
10.6.3. South Korea Hearing Care Devices Revenue (USD Billion) and Forecast By End-User, 2020-2032
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Hearing Care Devices Revenue (USD Billion) and Forecast By Product, 2020-2032
10.7.2. Rest of Asia-Pacific Hearing Care Devices Revenue (USD Billion) and Forecast By Type of Hearing Loss, 2020-2032
10.7.3. Rest of Asia-Pacific Hearing Care Devices Revenue (USD Billion) and Forecast By End-User, 2020-2032
10.8. Asia Pacific PEST Analysis
CHAPTER 11. Latin America Hearing Care Devices Market By Country
11.1. Latin America Hearing Care Devices Market Overview
11.2. Brazil
11.2.1. Brazil Hearing Care Devices Revenue (USD Billion) and Forecast By Product, 2020-2032
11.2.2. Brazil Hearing Care Devices Revenue (USD Billion) and Forecast By Type of Hearing Loss, 2020-2032
11.2.3. Brazil Hearing Care Devices Revenue (USD Billion) and Forecast By End-User, 2020-2032
11.3. Mexico
11.3.1. Mexico Hearing Care Devices Revenue (USD Billion) and Forecast By Product, 2020-2032
11.3.2. Mexico Hearing Care Devices Revenue (USD Billion) and Forecast By Type of Hearing Loss, 2020-2032
11.3.3. Mexico Hearing Care Devices Revenue (USD Billion) and Forecast By End-User, 2020-2032
11.4. Rest of Latin America
11.4.1. Rest of Latin America Hearing Care Devices Revenue (USD Billion) and Forecast By Product, 2020-2032
11.4.2. Rest of Latin America Hearing Care Devices Revenue (USD Billion) and Forecast By Type of Hearing Loss, 2020-2032
11.4.3. Rest of Latin America Hearing Care Devices Revenue (USD Billion) and Forecast By End-User, 2020-2032
11.5. Latin America PEST Analysis
CHAPTER 12. Middle East & Africa Hearing Care Devices Market By Country
12.1. Middle East & Africa Hearing Care Devices Market Overview
12.2. GCC
12.2.1. GCC Hearing Care Devices Revenue (USD Billion) and Forecast By Product, 2020-2032
12.2.2. GCC Hearing Care Devices Revenue (USD Billion) and Forecast By Type of Hearing Loss, 2020-2032
12.2.3. GCC Hearing Care Devices Revenue (USD Billion) and Forecast By End-User, 2020-2032
12.3. South Africa
12.3.1. South Africa Hearing Care Devices Revenue (USD Billion) and Forecast By Product, 2020-2032
12.3.2. South Africa Hearing Care Devices Revenue (USD Billion) and Forecast By Type of Hearing Loss, 2020-2032
12.3.3. South Africa Hearing Care Devices Revenue (USD Billion) and Forecast By End-User, 2020-2032
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Hearing Care Devices Revenue (USD Billion) and Forecast By Product, 2020-2032
12.4.2. Rest of Middle East & Africa Hearing Care Devices Revenue (USD Billion) and Forecast By Type of Hearing Loss, 2020-2032
12.4.3. Rest of Middle East & Africa Hearing Care Devices Revenue (USD Billion) and Forecast By End-User, 2020-2032
12.5. Middle East & Africa PEST Analysis
CHAPTER 13. Player Analysis Of Hearing Care Devices Market
13.1. Hearing Care Devices Market Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2. New Product Launches and Product Enhancements
13.2.3. Mergers And Acquisition In Global Hearing Care Devices Market
13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14. Company Profile
14.1. GN Store Nord A/S
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (USD Billion), 2022
14.1.3.2. GN Store Nord A/S 2022 Hearing Care Devices Business Regional Distribution
14.1.4. Product /End-User and Specification
14.1.5. Recent Developments & Business Strategy
14.2. Amplifon
14.3. Cochlear Ltd.
14.4. Starkey
14.5. American Hearing Aids
14.6. Sivantos Pte. Ltd.
14.7. Sonova
14.8. MED-EL
14.9. IntriCon Corporation
14.10. Demant A/S
