Global Hearing Aids Market to Reach $14 Billion by 2030
The global market for Hearing Aids estimated at US$7.7 Billion in the year 2022, is projected to reach a revised size of US$14 Billion by 2030, growing at a CAGR of 7.8% over the analysis period 2022-2030. Behind-the-Ear, one of the segments analyzed in the report, is projected to record 9.9% CAGR and reach US$6.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Receiver in-the-Ear segment is readjusted to a revised 7.8% CAGR for the next 8-year period.The U.S. Market is Estimated at $2.1 Billion, While China is Forecast to Grow at 12.3% CAGR
The Hearing Aids market in the U.S. is estimated at US$2.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2030 trailing a CAGR of 12.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 6.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.Select Competitors (Total 42 Featured) -
- Arphi Electronics
- Audina Hearing Instruments
- Cochlear
- Gn Store Nord
- Horentek
- Med-El
- Microson
- Rion
- Sebotek Hearing Systems
- Sivantos
- Sonova
- Starkey
- Widex
- William Demant
- Zounds Hearing
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Arphi Electronics
- Audina Hearing Instruments
- Cochlear
- Gn Store Nord
- Horentek
- Med-El
- Microson
- Rion
- Sebotek Hearing Systems
- Sivantos
- Sonova
- Starkey
- Widex
- William Demant
- Zounds Hearing
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 93 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 7.7 Billion |
Forecasted Market Value ( USD | $ 14 Billion |
Compound Annual Growth Rate | 7.8% |
Regions Covered | Global |