PUBLISHER: Arizton Advisory & Intelligence | PRODUCT CODE: 1421547
PUBLISHER: Arizton Advisory & Intelligence | PRODUCT CODE: 1421547
Global Hearing Aids Market - Focused Insights 2024-2029
REPORT OVERVIEW
This report offers market size & forecast data for the global hearing aids market. The revenue generated from the sale of commercial hearing aids is included in the report. The procedural cost for hearing aids is excluded from the report's scope. This report provides a comprehensive and current market scenario of the global hearing aids market, including the global hearing aids market size, anticipated market forecast, relevant market segmentations, and industry trends.
The study considers a detailed scenario of the present global hearing aids market and its market dynamics for 2024-2029. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent players operating in the market.
MARKET DEFINITION
A hearing aid is a small electronic device designed to improve hearing by making sound audible to a person with hearing loss. Hearing aids differ by design, technology used to achieve amplification (analog or digital), and features such as wireless connectivity and software applications.
KEY HIGHLIGHTS
- The global hearing aids market is expected to reach $8.55 billion by 2029, growing at a CAGR of 4.25%. The market growth can be attributed to the growing incidence/ prevalence of hearing disorders and the rising need for treating such disorders worldwide.
- By Product type, the global hearing aids market by behind-the-ear (BTE) hearing aids segment was valued at $4.64 billion in 2023 and is expected to reach $5.86 billion by 2029, growing at a CAGR of 3.97%. The global rise in the prevalence of hearing loss is a significant factor contributing to the growth of this segment. These are the most commonly used hearing aids compared to other available hearing aids in the market since they are robust, easy-to-use, and appropriate for all types of hearing loss.
- By Hearing Loss type, the sensorineural hearing loss segment was valued at $5.25 billion in 2023 and is expected to reach $6.83 billion by 2029, growing at a CAGR of 4.48%. The segment accounted for the largest share mainly due to the rising incidence of hearing loss, specifically sensorineural hearing loss, in the pediatric and adult population.
- By patient group, the global hearing aids market by the adult segment was valued at $4.92 billion in 2023 and is expected to reach $6.42 billion by 2029, growing at a CAGR of 4.53%. The segment is dominating the market due to the higher incidence and prevalence of hearing loss among the elderly population worldwide.
- Sonova, WS Audiology, Demant A/S, GN Store A/S, and Starkey Corp are some leading players currently dominating the global hearing aids market. The major players focus on strategic acquisitions and collaborations with emerging players to enter the hearing aids market and access commercially launched products.
Vendors List
- Sonova
- WS Audiology
- Demant A/S
- GN Store A/S
- Starkey
- Century Hearing Aids
- Arphi Electronics
- Audina Hearing Instruments
- EarTechnic
- Eargo Hearing Aids
- ExSilent
- Horentek
- IN4 Technology
- InnerScope Hearing Technologies
- Intricon
- Loreca Hearing Aids
- NewSound Hearing Aids
- RION Co., Ltd.
- SeboTek Heraing Aids
- ZOUNDS Hearing
- Cochlear Ltd
- Nurotron Biotech
- MED-EL
- Rexton Hearing Aids
- BHM-Tech
- Earlens
REPORT HIGHLIGHTS
PRODUCT SEGMENTATION & FORECAST
- Product type
Behind-the-Ear
In-the-Ear
- Hearing Loss type
Sensorineural Hearing Loss
Conductive Hearing Loss
Mixed Hearing Loss
- Age group
Adults
Pediatrics
- Technology type
Digital Hearing Aids
Analog Hearing Aids
- Distribution Channel
Retailers
Independent Practices
Buying Groups
Government Purchases
MARKET STRUCTURE
- Market Dynamics
- Competitive Landscape of Hearing Aids Market
- Key Vendors
- Other Prominent Vendors
APPENDIX
- Research Methodology
- Abbreviations
- About Arizton
TABLE OF CONTENTS
CHAPTER - 1: Hearing Aids Market Overview
- Executive Summary
- Key Findings
CHAPTER - 2: Hearing Aids Market
- GLOBAL: Projected Revenue of Hearing Aids Market (2023-2029; $Billions)
CHAPTER - 3: Hearing Aids Market Segmentation Data
- GLOBAL: Projected Revenue by Product type (2023-2029; $Billions)
- Behind-the-Ear
- In-the-Ear
- GLOBAL: Projected Revenue by Hearing Loss (2023-2029; $Billions)
- Sensorineural Hearing loss
- Conductive Hearing Loss
- Mixed Hearing Loss
- GLOBAL: Projected Revenue by Patient Group (2023-2029; $Billions)
- Adults
- Pediatrics
- GLOBAL: Projected Revenue by Technology (2023-2029; $Billions)
- Digital Hearing Aids
- Analog Hearing Aids
- GLOBAL: Projected Revenue by End-users (2023-2029; $Billions)
- Retailers
- Independent Practices
- Buying Groups
- Government Purchases
CHAPTER - 4: Key Regions Overview
- North America: Projected Revenue of Hearing Aids Market (2023-2029; $Billions)
- Projected Revenue of the Hearing Aids Market in the US
- Projected Revenue of Hearing Aids Market in Canada
- Europe: Projected Revenue of Hearing Aids Market (2023-2029; $Billions)
- Projected Revenue of the Hearing Aids Market in the UK
- Projected Revenue of Hearing Aids Market in Germany
- Projected Revenue of Hearing Aids Market in France
- Projected Revenue of Hearing Aids Market in Italy
- Projected Revenue of Hearing Aids Market in Spain
- APAC: Projected Revenue of Hearing Aids Market (2023-2029; $Billions)
- Projected Revenue of Hearing Aids Market in Japan
- Projected Revenue of Hearing Aids Market in China
- Projected Revenue of Hearing Aids Market in Australia
- Latin America: Projected Revenue of Hearing Aids Market (2023-2029; $Billions)
- Projected Revenue of Hearing Aids Market in Brazil
- Projected Revenue of Hearing Aids Market in Mexico
- Projected Revenue of Hearing Aids Market in Argentina
- Middle East & Africa: Projected Revenue of Hearing Aids Market (2023-2029; $Billions)
- Projected Revenue of Hearing Aids Market in Turkey
- Projected Revenue of Hearing Aids Market in South Africa
- Projected Revenue of Hearing Aids Market in Saudi Arabia
CHAPTER - 5: Hearing Aids Market Prospects & Opportunities
- Hearing Aids Market Opportunities & Trends
- Hearing Aids Market Drivers
- Hearing Aids Market Constraints
CHAPTER - 6: Hearing Aids Industry Overview
- Hearing Aids Market - Competitive Landscape
- Hearing Aids Market - Key Vendor Profiles
- Hearing Aids Market - Other Prominent Vendors
- Hearing Aids Market - Key Strategic Recommendations
CHAPTER - 7: Appendix
- Research Methodology
- Abbreviations
- About Arizton
List Of Exhibits
LIST OF EXHIBITS
Exhibit 1: Projected Revenues of Hearing Aids in Global ($ Bn)
Exhibit 2: Market Size & Forecast - Behind-the-Ear Hearing Aids ($ Bn)
Exhibit 3: Market Size & Forecast - In-the-Ear Hearing Aids ($ Bn)
Exhibit 4: Market Size & Forecast - Sensorineural Hearing Loss ($ Bn)
Exhibit 5: Market Size & Forecast - Conductive Hearing Loss ($ Bn)
Exhibit 6: Market Size & Forecast - Mixed Hearing Loss ($ Bn)
Exhibit 7: Market Size & Forecast - Adults ($ Bn)
Exhibit 8: Market Size & Forecast - Pediatrics ($ Bn)
Exhibit 9: Market Size & Forecast - Digital Hearing Aids ($ Bn)
Exhibit 10: Market Size & Forecast - Analog Hearing Aids ($ Bn)
Exhibit 11: Market Size & Forecast - Retailers ($ Bn)
Exhibit 12: Market Size & Forecast - Independent Practices ($ Bn)
Exhibit 13: Market Size & Forecast - Buying Group ($ Bn)
Exhibit 14: Market Size & Forecast - Government Purchases ($ Bn)
Exhibit 15: Market Size & Forecast - Men ($ Bn)
Exhibit 16: Market Size & Forecast - Women ($ Bn)
Exhibit 17: Projected Revenues of Hearing Aids in North America ($ Bn)
Exhibit 18: Projected Revenues of Hearing Aids in US ($ Bn)
Exhibit 19: Projected Revenues of Hearing Aids in Canada ($ Bn)
Exhibit 20: Projected Revenues of Hearing Aids in Europe ($ Bn)
Exhibit 21: Projected Revenues of Hearing Aids in UK ($ Bn)
Exhibit 22: Projected Revenues of Hearing Aids in Germany ($ Bn)
Exhibit 23: Projected Revenues of Hearing Aids in France ($ Bn)
Exhibit 24: Projected Revenues of Hearing Aids in Italy ($ Bn)
Exhibit 25: Projected Revenues of Hearing Aids in Spain ($ Bn)
Exhibit 26: Projected Revenues of Hearing Aids in APAC ($ Bn)
Exhibit 27: Projected Revenues of Hearing Aids in Japan ($ Bn)
Exhibit 28: Projected Revenues of Hearing Aids in China ($ Bn)
Exhibit 29: Projected Revenues of Hearing Aids in Australia ($ Bn)
Exhibit 30: Projected Revenues of Hearing Aids in Latin America ($ Bn)
Exhibit 31: Projected Revenues of Hearing Aids in Brazil ($ Bn)
Exhibit 32: Projected Revenues of Hearing Aids in Mexico ($ Bn)
Exhibit 33: Projected Revenues of Hearing Aids in Argentina ($ Bn)
Exhibit 34: Projected Revenues of Hearing Aids in Middle East & Africa ($ Bn)
Exhibit 35: Projected Revenues of Hearing Aids in Saudi Arabia ($ Bn)
Exhibit 36: Projected Revenues of Hearing Aids in Turkey ($ Bn)
Exhibit 37: Projected Revenues of Hearing Aids in South Africa ($ Bn)
List Of Tables
LIST OF TABLES
Table 1: Key Market Trends in Hearing Aids Market
Table 2: Key Market Enablers in Hearing Aids Market
Table 3: Key Market Constraints in Hearing Aids Market
Table 4: Strategic Recommendations in Hearing Aids Market
