GLOBAL HEARING AIDS MARKET 2020-2028

Lifesciences | Medical Devices & Consumables

GLOBAL HEARING AIDS MARKET 2020-2028

Market By Types Of Hearing Loss, Types Of Patient, Product, And Geography | Forecast 2020-2028

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The detailed analysis of the global hearing aids market by Triton Market Research shows that in terms of revenue, the industry is estimated to grow at a CAGR of 6.89% during the forecasting years 2020-2028. It is estimated to generate a revenue of $14918.7 million by 2028.



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The rise in the aging population could well spike a number of patients with hearing impairments, thereby augmenting the global hearing aids market growth for the forecast period. Hearing loss can be considered as a medical condition for a person when they are not able to hear above the 25 decibels threshold value. Hearing loss may develop due to exposure to extreme noise, from the usage of the particular drug, genetic causes, chronic ear infections, increasing noise pollution levels, certain infectious diseases, and aging. 

The global hearing aids market is chiefly driven by the rapidly increasing disposable income, growth in the aging population, and technological developments in hearing aids, along with a high incidence rate of hearing loss. The majority of hearing aid users are the aged people, as the incidence of impairment is higher amongst people aged above 60 years, states the American Academy of Family Physicians (AAFP).

The study aims to get an overview of the global hearing aids market in terms of various factors. Within this report, the market definition and the key insights regarding the hearing aids industry have been discussed. Also, Porter's five forces model, supply chain analysis, key insights, key buying criteria, regulatory framework and the market attractiveness index have been studied in detail.

Market drivers like the potential for hearing aids in emerging economies, advancement in technology, and the rising geriatric population are driving the hearing aids market growth. However, the industry is facing market restraints like low penetration & adoption of hearing aids and the high cost of devices associated with hearing aids, which are obstructing the industry growth.

Key opportunities like the adoption of lithium-ion batteries and the growing occurrence of hearing loss can be leveraged by the industry to reach the projected growth. However, challenges such as lack of reimbursement and lack of awareness are being faced by this market.


Geographies covered in the hearing aids market by region are:

           North America: United States and Canada

           Asia-Pacific: Japan, China, India, ASEAN countries, South Korea, Australia & New Zealand and Rest of Asia-Pacific

           Europe: United Kingdom, Germany, Italy, Russia, Spain, France and Rest of Europe

           Middle East and Africa: Turkey, United Arab Emirates, South Africa, Saudi Arabia and Rest of Middle East & Africa

           Latin America: Brazil, Mexico and Rest of Latin America

The hearing aids market has been segmented as follows:

           By Product

O         Hearing aid devices

           Receiver-in-the-ear

           Behind-the-ear

           Canal

O         CIC hearing aid devices

O         ITC hearing aid devices

O         IIC hearing aid devices

           In-the-ear

           Other hearing device

O         Hearing implants

           Cochlear implants

           Bone-anchored systems

           By Types of hearing loss

O         Sensorineural hearing loss

O         Conductive hearing loss

           By Types of patient

O         Adults

O         Pediatrics

The key players engaged in the Hearing Aids market is Rion Co Ltd, Arphi Electronics Pvt Ltd, Cochlear Ltd, Med-El, Starkey, Demant A/S, SeboTek Hearing Systems LLC, Siemens AG, GN Store Nord A/S, Sonova, Amplifon, Audina Hearing Instruments Inc, Microson, Horentek, and Zounds Hearing.

The strategic analysis for each of these companies has been covered in detail. The hearing aids market by company share helps to dive into the information about the key players in this industry and how much hold they have on the market.

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Table of Content

1.    GLOBAL HEARING AIDS MARKET - SUMMARY

2.    INDUSTRY OUTLOOK

2.1. PORTER’S FIVE FORCES MODEL

2.1.1.   THREAT OF NEW ENTRANTS

2.1.2.   THREAT OF SUBSTITUTE

2.1.3.   BARGAINING POWER OF BUYER

2.1.4.   BARGAINING POWER OF SUPPLIER

2.1.5.   INTENSITY OF COMPETITIVE RIVALRY

2.2. SUPPLY CHAIN ANALYSIS

2.3. KEY INSIGHT

2.4. KEY BUYING CRITERIA

2.5. REGULATORY FRAMEWORK

2.6. MARKET ATTRACTIVENESS INDEX

2.7. MARKET DRIVERS

2.7.1.   POTENTIAL FOR HEARING AIDS IN EMERGING ECONOMIES

2.7.2.   ADVANCEMENT IN TECHNOLOGY

2.7.3.   INCREASING GERIATRIC POPULATION

2.8. MARKET RESTRAINTS

2.8.1.   LOW PENETRATION AND ADOPTION OF HEARING AIDS

2.8.2.   HIGH COST OF DEVICES ASSOCIATED WITH HEARING AIDS

2.9. MARKET OPPORTUNITIES

2.9.1.   ADOPTION OF LITHIUM-ION BATTERIES

2.9.2.   GROWING OCCURRENCE OF HEARING LOSS

2.10. MARKET CHALLENGES

2.10.1.   LACK OF REIMBURSEMENT

2.10.2.   LACK OF AWARENESS

3.    HEARING AIDS MARKET OUTLOOK - BY TYPES OF HEARING LOSS

3.1. SENSORINEURAL HEARING LOSS

3.2. CONDUCTIVE HEARING LOSS

4.    HEARING AIDS MARKET OUTLOOK - BY TYPES OF PATIENT

4.1. ADULTS

4.2. PEDIATRICS

5.    HEARING AIDS MARKET OUTLOOK - BY PRODUCT

5.1. HEARING AID DEVICES

5.1.1.   RECEIVER-IN-THE-EAR

5.1.2.   BEHIND-THE-EAR

5.1.3.   CANAL

5.1.3.1.      CIC HEARING AID DEVICES

5.1.3.2.      ITC HEARING AID DEVICES

5.1.3.3.      IIC HEARING AID DEVICES

5.1.4.   IN-THE-EAR

5.1.5.   OTHER HEARING DEVICES

5.2. HEARING IMPLANTS

5.2.1.   COCHLEAR IMPLANTS

5.2.2.   BONE-ANCHORED SYSTEMS

6.    HEARING AIDS MARKET – REGIONAL OUTLOOK

6.1. NORTH AMERICA

6.1.1.   MARKET BY TYPES OF HEARING LOSS

6.1.2.   MARKET BY TYPES OF PATIENT

6.1.3.   MARKET BY PRODUCT

6.1.4.   COUNTRY ANALYSIS

6.1.4.1.      THE UNITED STATES

6.1.4.2.      CANADA

6.2. EUROPE

6.2.1.   MARKET BY TYPES OF HEARING LOSS

6.2.2.   MARKET BY TYPES OF PATIENT

6.2.3.   MARKET BY PRODUCT

6.2.4.   COUNTRY ANALYSIS

6.2.4.1.      THE UNITED KINGDOM

6.2.4.2.      FRANCE

6.2.4.3.      GERMANY

6.2.4.4.      SPAIN

6.2.4.5.      ITALY

6.2.4.6.      RUSSIA

6.2.4.7.      REST OF EUROPE

6.3. ASIA-PACIFIC

6.3.1.   MARKET BY TYPES OF HEARING LOSS

6.3.2.   MARKET BY TYPES OF PATIENT

6.3.3.   MARKET BY PRODUCT

6.3.4.   COUNTRY ANALYSIS

6.3.4.1.      CHINA

6.3.4.2.      INDIA

6.3.4.3.      JAPAN

6.3.4.4.      AUSTRALIA & NEW ZEALAND

6.3.4.5.      SOUTH KOREA

6.3.4.6.      ASEAN COUNTRIES

6.3.4.7.      REST OF APAC

6.4. LATIN AMERICA

6.4.1.   MARKET BY TYPES OF HEARING LOSS

6.4.2.   MARKET BY TYPES OF PATIENT

6.4.3.   MARKET BY PRODUCT

6.4.4.   COUNTRY ANALYSIS

6.4.4.1.      BRAZIL

6.4.4.2.      MEXICO

6.4.4.3.      REST OF LATIN AMERICA

6.5. MIDDLE EAST AND AFRICA

6.5.1.   MARKET BY TYPES OF HEARING LOSS

6.5.2.   MARKET BY TYPES OF PATIENT

6.5.3.   MARKET BY PRODUCT

6.5.4.   COUNTRY ANALYSIS

6.5.4.1.      SAUDI ARABIA

6.5.4.2.      TURKEY

6.5.4.3.      UNITED ARAB EMIRATES

6.5.4.4.      SOUTH AFRICA

6.5.4.5.      REST OF MIDDLE EAST & AFRICA

7.    COMPANY PROFILES

7.1. AMPLIFON

7.2. ARPHI ELECTRONICS PVT LTD

7.3. AUDINA HEARING INSTRUMENTS INC

7.4. COCHLEAR LTD

7.5. GN STORE NORD A/S

7.6. HORENTEK

7.7. MED-EL

7.8. MICROSON

7.9. RION CO LTD

7.10.  SEBOTEK HEARING SYSTEMS LLC

7.11.  SIEMENS AG

7.12.  SONOVA

7.13.  STARKEY

7.14.  DEMANT A/S

7.15.  ZOUNDS HEARING

8.    RESEARCH METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE & DELIVERABLES

8.1.1.   OBJECTIVES OF STUDY

8.1.2.   SCOPE OF STUDY

8.2. SOURCES OF DATA

8.2.1.   PRIMARY DATA SOURCES

8.2.2.   SECONDARY DATA SOURCES

8.3. RESEARCH METHODOLOGY

8.3.1.   EVALUATION OF PROPOSED MARKET

8.3.2.   IDENTIFICATION OF DATA SOURCES

8.3.3.   ASSESSMENT OF MARKET DETERMINANTS

8.3.4.   DATA COLLECTION

8.3.5.   DATA VALIDATION & ANALYSIS

List of table

TABLE 1        GLOBAL HEARING AIDS MARKET, BY REGION, 2020-2028 ($ MILLION)

TABLE 2        GLOBAL HEARING AIDS MARKET, BY TYPES OF HEARING LOSS, 2020-2028 ($ MILLION)

TABLE 3        GLOBAL HEARING AIDS MARKET, BY TYPES OF PATIENT, 2020-2028 ($ MILLION)

TABLE 4        GLOBAL HEARING AIDS MARKET, BY PRODUCTS, 2020-2028 ($ MILLION)

TABLE 5        GLOBAL HEARING AID DEVICES, BY TYPES, 2020-2028 ($ MILLION)

TABLE 6        GLOBAL CANAL MARKET, BY TYPE, 2020-2028 ($ MILLION)

TABLE 7        GLOBAL HEARING AIDS MARKET BY REGION 2020-2028 ($ MILLION)

TABLE 8        NORTH AMERICA HEARING AIDS MARKET, BY TYPES OF HEARING LOSS, 2020-2028 ($ MILLION)

TABLE 9        NORTH AMERICA HEARING AIDS MARKET, BY TYPES OF PATIENT, 2020-2028 ($ MILLION)

TABLE 10      NORTH AMERICA HEARING AIDS MARKET, BY PRODUCT, 2020-2028 ($ MILLION)

TABLE 11      NORTH AMERICA HEARING AIDS MARKET, BY COUNTRY, 2020-2028 ($ MILLION)

TABLE 12      EUROPE HEARING AIDS MARKET, BY TYPES OF HEARING LOSS, 2020-2028 ($ MILLION)

TABLE 13      EUROPE HEARING AIDS MARKET, BY TYPES OF PATIENT, 2020-2028 ($ MILLION)

TABLE 14      EUROPE HEARING AIDS MARKET, BY PRODUCT, 2020-2028 ($ MILLION)

TABLE 15      EUROPE HEARING AIDS MARKET, BY COUNTRY, 2020-2028 ($ MILLION)

TABLE 16      ASIA-PACIFIC HEARING AIDS MARKET, BY TYPES OF HEARING LOSS, 2020-2028 ($ MILLION)

TABLE 17      ASIA-PACIFIC HEARING AIDS MARKET, BY TYPES OF PATIENT, 2020-2028 ($ MILLION)

TABLE 18      ASIA-PACIFIC HEARING AIDS MARKET, BY PRODUCT, 2020-2028 ($ MILLION)

TABLE 19      ASIA-PACIFIC HEARING AIDS MARKET, BY COUNTRY, 2020-2028 ($ MILLION)

TABLE 20      REST OF APAC HEARING AIDS MARKET, BY PATIENT TYPES, 2020-2028 ($ MILLION)

TABLE 21      LATIN AMERICA HEARING AIDS MARKET, BY TYPES OF HEARING LOSS, 2020-2028 ($ MILLION)

TABLE 22      LATIN AMERICA HEARING AIDS MARKET, BY TYPES OF PATIENT, 2020-2028 ($ MILLION)

TABLE 23      LATIN AMERICA HEARING AIDS MARKET, BY PRODUCT, 2020-2028 ($ MILLION)

TABLE 24      LATIN AMERICA HEARING AIDS MARKET, BY COUNTRY, 2020-2028 ($ MILLION)

TABLE 25      MIDDLE EAST AND AFRICA HEARING AIDS MARKET, BY TYPES OF HEARING LOSS, 2020-2028 ($ MILLION)

TABLE 26      MIDDLE EAST AND AFRICA HEARING AIDS MARKET, BY TYPES OF PATIENT, 2020-2028 ($ MILLION)

TABLE 27      MIDDLE EAST AND AFRICA HEARING AIDS MARKET, BY PRODUCT, 2020-2028 ($ MILLION)

TABLE 28      MIDDLE EAST AND AFRICA HEARING AIDS MARKET, BY COUNTRY, 2020-2028 ($ MILLION)

List of Figures

FIGURE 1      GLOBAL HEARING AIDS MARKET 2020-2028 ($ MILLION)

FIGURE 2      SUPPLY CHAIN ANALYSIS IN HEARING AIDS INDUSTRY

FIGURE 3      KEY BUYING CRITERIA

FIGURE 4      PERSON AGED 60 YEARS OR ABOVE BY REGION (MILLION)

FIGURE 5      NUMBER OF PEOPLE WITH HEARING LOSS IN DIFFERENT REGION (MILLION)

FIGURE 6      GLOBAL HEARING AIDS MARKET, BY SENSORINEURAL HEARING LOSS, 2020-2028 ($ MILLION)

FIGURE 7      GLOBAL HEARING AIDS MARKET, BY CONDUCTIVE HEARING LOSS, 2020-2028 ($ MILLION)

FIGURE 8      GLOBAL HEARING AIDS MARKET, BY ADULTS, 2020-2028 ($ MILLION)

FIGURE 9      GLOBAL HEARING AIDS MARKET, BY PEDIATRICS, 2020-2028 ($ MILLION)

FIGURE 10   GLOBAL HEARING AIDS MARKET, BY HEARING AID DEVICES, 2020-2028 ($ MILLION)

FIGURE 11   GLOBAL HEARING AID DEVICES MARKET, BY RECEIVER-IN-THE-EAR, 2020-2028 ($ MILLION)

FIGURE 12   GLOBAL HEARING AID DEVICES MARKET, BY BEHIND-THE-EAR, 2020-2028 ($ MILLION)

FIGURE 13   GLOBAL HEARING AID DEVICES MARKET, BY CANAL, 2020-2028 ($ MILLION)

FIGURE 14   GLOBAL CANAL MARKET, BY CIC HEARING AID DEVICES, 2020-2028 ($ MILLION)

FIGURE 15   GLOBAL CANAL MARKET, BY ITC HEARING AID DEVICES, 2020-2028 ($ MILLION)

FIGURE 16   GLOBAL CANAL MARKET, BY IIC HEARING AID DEVICES, 2020-2028 ($ MILLION)

FIGURE 17   GLOBAL HEARING AID DEVICES MARKET, BY IN-THE-EAR, 2020-2028 ($ MILLION)

FIGURE 18   GLOBAL HEARING AID DEVICES MARKET, BY OTHER HEARING DEVICES, 2020-2028 ($ MILLION)

FIGURE 19   GLOBAL HEARING AIDS MARKET, BY HEARING IMPLANTS, 2020-2028 ($ MILLION)

FIGURE 20   GLOBAL HEARING IMPLANTS MARKET, BY COCHLEAR IMPLANTS, 2020-2028 ($ MILLION)

FIGURE 21   GLOBAL HEARING IMPLANTS MARKET, BY BONE-ANCHORED SYSTEMS, 2020-2028 ($ MILLION)

FIGURE 22   THE UNITED STATES HEARING AIDS MARKET 2020-2028 ($ MILLION)

FIGURE 23   CANADA HEARING AIDS MARKET 2020-2028 ($ MILLION)

FIGURE 24   THE UNITED KINGDOM HEARING AIDS MARKET 2020-2028 ($ MILLION)

FIGURE 25   FRANCE HEARING AIDS MARKET 2020-2028 ($ MILLION)

FIGURE 26   GERMANY HEARING AIDS MARKET 2020-2028 ($ MILLION)

FIGURE 27   SPAIN HEARING AIDS MARKET 2020-2028 ($ MILLION)

FIGURE 28   ITALY HEARING AIDS MARKET 2020-2028 ($ MILLION)

FIGURE 29   RUSSIA HEARING AIDS MARKET 2020-2028 ($ MILLION)

FIGURE 30   REST OF EUROPE HEARING AIDS MARKET 2020-2028 ($ MILLION)

FIGURE 31   CHINA HEARING AIDS MARKET 2020-2028 ($ MILLION)

FIGURE 32   INDIA HEARING AIDS MARKET 2020-2028 ($ MILLION)

FIGURE 33   JAPAN HEARING AIDS MARKET 2020-2028 ($ MILLION)

FIGURE 34   AUSTRALIA & NEW ZEALAND HEARING AIDS MARKET 2020-2028 ($ MILLION)

FIGURE 35   SOUTH KOREA HEARING AIDS MARKET 2020-2028 ($ MILLION)

FIGURE 36   ASEAN COUNTRIES HEARING AIDS MARKET 2020-2028 ($ MILLION)

FIGURE 37   REST OF APAC HEARING AIDS MARKET 2020-2028 ($ MILLION)

FIGURE 38   BRAZIL HEARING AIDS MARKET 2020-2028 ($ MILLION)

FIGURE 39   MEXICO HEARING AIDS MARKET 2020-2028 ($ MILLION)

FIGURE 40   REST OF LATIN AMERICA HEARING AIDS MARKET 2020-2028 ($ MILLION)

FIGURE 41   SAUDI ARABIA HEARING AIDS MARKET 2020-2028 ($ MILLION)

FIGURE 42   TURKEY HEARING AIDS MARKET 2020-2028 ($ MILLION)

FIGURE 43   UNITED ARAB EMIRATES HEARING AIDS MARKET 2020-2028 ($ MILLION)

FIGURE 44   SOUTH AFRICA HEARING AIDS MARKET 2020-2028 ($ MILLION)

FIGURE 45   REST OF MIDDLE EAST AND AFRICA HEARING AIDS MARKET 2020-2028 ($ MILLION)      

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