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Over-The-Counter (OTC) Hearing Aids Market Size, Share & Trends Analysis Report By Product, By Technology (Digital Hearing Aids, Analog Hearing Aids), By Distribution Channel, By Region, And Segment Forecasts, 2023-2030

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    Report

  • 190 Pages
  • June 2023
  • Region: Global
  • Grand View Research
  • ID: 5702258
Description Jump to:
The global over-the-counter hearing aids market size is expected to reach USD 1.74 billion by 2030, according to this report., expanding at a CAGR of 6.60% over the forecast period. The key factors driving the market growth include the rise in the prevalence of auditory impairment, technological advancements, and the launch of new products.

Favorable government initiatives undertaken by governments to increase awareness about the devices is expected to further drive the demand for the devices during the forecast period. In October 2021, FDA passed an order wherein the FDA approved a new class of over-the-counter (OTC) hearing aids for patients suffering from mild to moderate impairment. Under this law, consumers will be able to buy these devices from stores or online retailers without the need for prescriptions. The law is also expected to reduce the prices of the devices. The FDA has established regulations and guidelines for the manufacturers wherein the manufacturers need to ensure the devices are safe and effective for people with the condition.

The increase in the prevalence of hearing loss is one of the major factors driving the demand in Europe. The WHO predicted that 196 million people in WHO European region have some degree of hearing loss, with 57.3 million, or 6.2% of the population, having moderate or higher-grade hearing loss. In Europe, 236 million people are expected to suffer from hearing loss by 2050. According to the EuroTrak Surveys conducted in multiple European nations, 35% of those who have hearing loss wear hearing aids. The usage and adoption of audiology devices are directly proportional to an increase in age & severity. However, 65% of Europeans with auditory impairments do not wear them.

Moreover, partnerships and other initiatives undertaken by the key players are expected to drive the market's growth during the forecast period. Several players in the market entered the new segment of the devices by launching innovative products. For instance, in October 2022, Lucid Hearing launched a range of behind-the-ear OTC hearing aids available in various styles, fits, and battery options while catering to a range of budgets.

Over-The-Counter Hearing Aids Market Report Highlights

  • Based on product type, the canal hearing aids segment held the largest market share in 2022. Enhanced performance, new product approvals, and advantages, such as compact design, are factors driving the market
  • Based on technology, the digital segment dominated the market in 2022 and is expected to remain dominating throughout the forecast period. High R&D investment, higher efficiency in sound amplification in difficult conditions, and availability of multiple program settings which improve the performance of the device are driving the segment growth
  • Based on distribution channels, the retail stores segment dominated the in 2022. This can be attributed to higher profit margins in retail stores and increase in availability in retail stores
  • North America dominated the market in 2022. Government initiatives to increase awareness about hearing disorders and higher disposable income of the population are some of the factors driving the growth of the market


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Table of Contents

Chapter 1 Methodology And Scope
1.1 Market Segmentation
1.2 Market Definitions
1.3 Research Methodology
1.4 Information Procurement
1.4.1 Purchased Database
1.4.2 Gvr’s Internal Database
1.4.3 Secondary Sources
1.4.4 Primary Research
1.5 Information Or Data Analysis
1.5.1 Data Analysis Models
1.6 Market Formulation & Validation
1.7 Model Details
1.7.1 Volume Price Analysis
1.8 List Of Secondary Sources
1.9 List Of Abbreviations
1.10 Objectives
1.10.1 Objective 1
1.10.2 Objective 2
1.10.3 Objective 3
Chapter 2 Executive Summary
2.1 Market Outlook
2.1.1 Segment Outlook
2.1.2 Regional Insights
2.1.3 Competitive Landscape
2.2 Market Snapshot
2.3 Market Segmentation
2.4 Competitive Landscape
Chapter 3 Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Parent Market Outlook
3.1.2 Related/Ancillary Market Outlook
3.2 Market Dynamics
3.2.1 Market Driver Analysis
3.2.1.1 Low Cost Compared To Prescription Hearing Aids
3.2.1.2 Increasing Number Of People With Hearing Loss
3.2.1.3 Technological Advancements
3.2.2 Market Restraint Analysis
3.2.2.1 Presence Of Social Stigma
3.2.2.2 Limitations Of Otc Hearing Aids
3.3 Pricing Analysis
3.4 Impact Of Covid-19 Pandemic
3.5 Regulatory Framework
3.6 Industry Analysis Tools
3.6.1 Porter’s Five Forces Analysis
3.6.2 Pestle Analysis
Chapter 4 Over-The-Counter Hearing Aids Market: Product Type Analysis
4.1 Otc Hearing Aids Market Product Type Movement Analysis, 2022 & 2030
4.2 Segment Dashboard
4.3 Otc Hearing Aids Market Estimates & Forecasts, By Product Type (USD Million)
4.3.1 In-The-Ear Hearing Aids
4.3.1.1 In-The-Ear Hearing Aids Market, 2018 - 2030 (USD Million)
4.3.2 Receiver-In-The-Ear Hearing Aids
4.3.2.1 Receiver-In-The-Ear Hearing Aids Market, 2018 - 2030 (USD Million)
4.3.3 Behind-The-Ear Hearing Aids
4.3.3.1 Behind-The-Ear Hearing Aids Market, 2018 - 2030 (USD Million)
4.3.4 Canal Hearing Aids
4.3.4.1 Canal Hearing Aids Market, 2018 - 2030 (USD Million)
Chapter 5 Over-The-Counter Hearing Aids Market: Technology Analysis
5.1 Otc Hearing Aids Market Technology Movement Analysis, 2022 & 2030
5.2 Segment Dashboard
5.3 Otc Hearing Aids Market Estimates & Forecasts, By Technology (USD Million)
5.3.1 Digital Hearing Aids
5.3.1.1 Digital Hearing Aids Market, 2018 - 2030 (USD Million)
5.3.2 Analog Hearing Aids
5.3.2.1 Analog Hearing Aids Market, 2018 - 2030 (USD Million)
Chapter 6 Over-The-Counter Hearing Aids Market: Distribution Channels Analysis
6.1 Otc Hearing Aids Market Distribution Channels Movement Analysis, 2022 & 2030
6.2 Segment Dashboard
6.3 Otc Hearing Aids Market Estimates & Forecasts, By Distribution Channels (USD Million)
6.3.1 Online
6.3.1.1 Online Market, 2018 - 2030 (USD Million)
6.3.2 Retail Stores
6.3.2.1 Retail Stores Market, 2018 - 2030 (USD Million)
6.3.3 Audiology Offices
6.3.3.1 Audiology Offices Market, 2018 - 2030 (USD Million)
Chapter 7 Over-The-Counter Hearing Aids Market: Regional Analysis
7.1 Otc Hearing Aids Regional Market Share Analysis, 2022 & 2030
7.2 Regional Market Snapshot (Market Size, Cagr)
7.3 North America
7.3.1 North America Over-The-Counter Hearing Aids Market, 2018 - 2030 (USD Million)
7.3.2 U.S.
7.3.2.1 Key Country Dynamics
7.3.2.2 Estimated Prevalence Of Hearing Loss Among Adult Population
7.3.2.3 Competitive Scenario
7.3.2.4 U.S. Over-The-Counter Hearing Aids Market, 2018 - 2030 (USD Million)
7.3.3 Canada
7.3.3.1 Key Country Dynamics
7.3.3.2 Estimated Prevalence Of Hearing Loss Among Adult Population
7.3.3.3 Competitive Scenario
7.3.3.4 Canada Over-The-Counter Hearing Aids Market, 2018 - 2030 (USD Million)
7.4 Europe
7.4.1 Europe Over-The-Counter Hearing Aids Market, 2018 - 2030 (USD Million)
7.4.2 Germany
7.4.2.1 Key Country Dynamics
7.4.2.2 Estimated Prevalence Of Hearing Loss Among Adult Population
7.4.2.3 Competitive Scenario
7.4.2.4 Germany Over-The-Counter Hearing Aids Market, 2018 - 2030 (USD Million)
7.4.3 Uk
7.4.3.1 Key Country Dynamics
7.4.3.2 Estimated Prevalence Of Hearing Loss Among Adult Population
7.4.3.3 Competitive Scenario
7.4.3.4 Uk Over-The-Counter Hearing Aids Market, 2018 - 2030 (USD Million)
7.4.4 France
7.4.4.1 Key Country Dynamics
7.4.4.2 Estimated Prevalence Of Hearing Loss Among Adult Population
7.4.4.3 Competitive Scenario
7.4.4.4 France Over-The-Counter Hearing Aids Market, 2018 - 2030 (USD Million)
7.4.5 Italy
7.4.5.1 Key Country Dynamics
7.4.5.2 Estimated Prevalence Of Hearing Loss Among Adult Population
7.4.5.3 Competitive Scenario
7.4.5.4 Italy Over-The-Counter Hearing Aids Market, 2018 - 2030 (USD Million)
7.4.6 Spain
7.4.6.1 Key Country Dynamics
7.4.6.2 Estimated Prevalence Of Hearing Loss Among Adult Population
7.4.6.3 Competitive Scenario
7.4.6.4 Spain Over-The-Counter Hearing Aids Market, 2018 - 2030 (USD Million)
7.4.7 Denmark
7.4.7.1 Key Country Dynamics
7.4.7.2 Estimated Prevalence Of Hearing Loss Among Adult Population
7.4.7.3 Competitive Scenario
7.4.7.4 Denmark Over-The-Counter Hearing Aids Market, 2018 - 2030 (USD Million)
7.5 Asia Pacific
7.5.1 Asia Pacific Over-The-Counter Hearing Aids Market, 2018 - 2030 (USD Million)
7.5.2 Japan
7.5.2.1 Key Country Dynamics
7.5.2.2 Estimated Prevalence Of Hearing Loss Among Adult Population
7.5.2.3 Competitive Scenario
7.5.2.4 Japan Over-The-Counter Hearing Aids Market, 2018 - 2030 (USD Million).
7.5.3 China
7.5.3.1 Key Country Dynamics
7.5.3.2 Estimated Prevalence Of Hearing Loss Among Adult Population
7.5.3.3 Competitive Scenario
7.5.3.4 China Over-The-Counter Hearing Aids Market, 2018 - 2030 (USD Million)
7.5.4 India
7.5.4.1 Key Country Dynamics
7.5.4.2 Estimated Prevalence Of Hearing Loss Among Adult Population
7.5.4.3 Competitive Scenario
7.5.4.4 India Over-The-Counter Hearing Aids Market, 2018 - 2030 (USD Million)
7.5.5 Australia
7.5.5.1 Key Country Dynamics
7.5.5.2 Estimated Prevalence Of Hearing Loss Among Adult Population
7.5.5.3 Competitive Scenario
7.5.5.4 Australia Over-The-Counter Hearing Aids Market, 2018 - 2030 (USD Million)
7.5.6 South Korea
7.5.6.1 Key Country Dynamics
7.5.6.2 Estimated Prevalence Of Hearing Loss Among Adult Population
7.5.6.3 Competitive Scenario
7.5.6.4 Estimated Prevalence Of Hearing Loss Among Adult Population
7.6 Latin America
7.6.1 Latin America Over-The-Counter Hearing Aids Market, 2018 - 2030 (USD Million)
7.6.2 Brazil
7.6.2.1 Key Country Dynamics
7.6.2.2 Estimated Prevalence Of Hearing Loss Among Adult Population
7.6.2.3 Competitive Scenario
7.6.2.4 Brazil Over-The-Counter Hearing Aids Market, 2018 - 2030 (USD Million)
7.6.3 Mexico
7.6.3.1 Key Country Dynamics
7.6.3.2 Estimated Prevalence Of Hearing Loss Among Adult Population
7.6.3.3 Competitive Scenario
7.6.3.4 Mexico Over-The-Counter Hearing Aids Market, 2018 - 2030 (USD Million)
7.6.4 Argentina
7.6.4.1 Key Country Dynamics
7.6.4.2 Estimated Prevalence Of Hearing Loss Among Adult Population
7.6.4.3 Competitive Scenario
7.6.4.4 Argentina Over-The-Counter Hearing Aids Market, 2018 - 2030 (USD Million)
7.7 Middle East & Africa
7.7.1 Middle East & Africa Over-The-Counter Hearing Aids Market, 2018 - 2030 (USD Million)
7.7.2 South Africa
7.7.2.1 Key Country Dynamics
7.7.2.2 Estimated Prevalence Of Hearing Loss Among Adult Population
7.7.2.3 Competitive Scenario
7.7.2.4 South Africa Over-The-Counter Hearing Aids Market, 2018 - 2030 (USD Million)
7.7.3 Saudi Arabia
7.7.3.1 Key Country Dynamics
7.7.3.2 Estimated Prevalence Of Hearing Loss Among Adult Population
7.7.3.3 Competitive Scenario
7.7.3.4 Saudi Arabia Over-The-Counter Hearing Aids Market, 2018 - 2030 (USD Million)
7.7.4 UAE
7.7.4.1 Key Country Dynamics
7.7.4.2 Estimated Prevalence Of Hearing Loss Among Adult Population
7.7.4.3 Competitive Scenario
7.7.4.4 UAE Over-The-Counter Hearing Aids Market, 2018 - 2030 (USD Million)
Chapter 8 Competitive Analysis
8.1 Participant’s Overview
8.2 Financial Performance
8.3 Participant Categorization
8.3.1 Strategy Mapping
8.3.1.1 New Product Launch
8.3.1.2 Partnerships
8.4 Companies
8.4.1 Eargo Inc.
8.4.1.1 Company Overview
8.4.1.2 Financial Performance
8.4.1.3 Product Benchmarking
8.4.1.4 Strategc Initiatives
8.4.2 Jabra
8.4.2.1 Company Overview
8.4.2.2 Financial Performance
8.4.2.3 Product Benchmarking
8.4.2.4 Strategc Initiatives
8.4.3 Mdhearing
8.4.3.1 Company Overview
8.4.3.2 Financial Performance
8.4.3.3 Product Benchmarking
8.4.3.4 Strategc Initiatives
8.4.4 Audicus
8.4.4.1 Company Overview
8.4.4.2 Financial Performance
8.4.4.3 Product Benchmarking
8.4.4.4 Strategc Initiatives
8.4.5 Sony Corporation
8.4.5.1 Company Overview
8.4.5.2 Financial Performance
8.4.5.3 Product Benchmarking
8.4.5.4 Strategc Initiatives
8.4.6 Start Hearing
8.4.6.1 Company Overview
8.4.6.2 Financial Performance
8.4.6.3 Product Benchmarking
8.4.6.4 Strategc Initiatives
8.4.7 Lexie (Hearx Ip (Pty) Ltd.)
8.4.7.1 Company Overview
8.4.7.2 Financial Performance
8.4.7.3 Product Benchmarking
8.4.7.4 Strategc Initiatives
List of Tables
Table 1: List of secondary sources
Table 2: List of abbreviation
Table 3: Average price of OTC hearing aids (USD)
Table 4: Global over-the-counter hearing aids market, by product, 2018-2030 (USD Million)
Table 5: Global over-the-counter hearing aids market, by technology, 2018-2030 (USD Million)
Table 6: Global over-the-counter hearing aids market, by distribution channel, 2018-2030
Table 7: North America over-the-counter hearing aids market, by country, 2018-2030 (USD Million)
Table 8: North America over-the-counter hearing aids market, by product, 2018-2030 (USD Million)
Table 9: North America over-the-counter hearing aids market, by technology, 2018-2030 (USD Million)
Table 10: North America over-the-counter hearing aids market, by distribution channel, 2018-2030 (USD Million)
Table 11: U.S. over-the-counter Hearing Aids market, by product, 2018-2030 (USD Million)
Table 12: U.S. over-the-counter Hearing Aids market, by technology, 2018-2030 (USD Million)
Table 13: U.S. over-the-counter Hearing Aids market, by distribution channel, 2018-2030 (USD Million)
Table 14: Canada over-the-counter Hearing Aids market, by product, 2018-2030 (USD Million)
Table 15: Canada over-the-counter Hearing Aids market, by technology, 2018-2030 (USD Million)
Table 16: Canada over-the-counter Hearing Aids market, by distribution channel, 2018-2030 (USD Million)
Table 17: Europe over-the-counter Hearing Aids market, by country, 2018-2030 (USD Million)
Table 18: Europe over-the-counter Hearing Aids market, by product, 2018-2030 (USD Million)
Table 19: Europe over-the-counter Hearing Aids market, by technology, 2018-2030 (USD Million)
Table 20: Europe over-the-counter Hearing Aids market, by distribution channel, 2018-2030 (USD Million)
Table 21: UK over-the-counter Hearing Aids market, by product, 2018-2030 (USD Million)
Table 22: UK over-the-counter Hearing Aids market, by technology, 2018-2030 (USD Million)
Table 23: UK over-the-counter Hearing Aids market, by distribution channel, 2018-2030 (USD Million)
Table 24: Germany over-the-counter Hearing Aids market, by product, 2018-2030 (USD Million)
Table 25: Germany over-the-counter Hearing Aids market, by technology, 2018-2030 (USD Million)
Table 26: Germany over-the-counter Hearing Aids market, by distribution channel, 2018-2030 (USD Million)
Table 27: France over-the-counter Hearing Aids market, by product, 2018-2030 (USD Million)
Table 28: France over-the-counter Hearing Aids market, by technology, 2018-2030 (USD Million)
Table 29: France over-the-counter Hearing Aids market, by distribution channel, 2018-2030 (USD Million)
Table 30: Italy over-the-counter Hearing Aids market, by product, 2018-2030 (USD Million)
Table 31: Italy over-the-counter Hearing Aids market, by technology, 2018-2030 (USD Million)
Table 32: Italy over-the-counter Hearing Aids market, by distribution channel, 2018-2030 (USD Million)
Table 33: Spain over-the-counter Hearing Aids market, by product, 2018-2030 (USD Million)
Table 34: Spain over-the-counter Hearing Aids market, by technology, 2018-2030 (USD Million)
Table 35: Spain over-the-counter Hearing Aids market, by distribution channel, 2018-2030 (USD Million)
Table 36: Denmark over-the-counter Hearing Aids market, by product, 2018-2030 (USD Million)
Table 37: Denmark over-the-counter Hearing Aids market, by technology, 2018-2030 (USD Million)
Table 38: Denmark over-the-counter Hearing Aids market, by distribution channel, 2018-2030 (USD Million)
Table 39: Asia Pacific over-the-counter Hearing Aids market, by country, 2018-2030 (USD Million)
Table 40: Asia Pacific over-the-counter Hearing Aids market, by product, 2018-2030 (USD Million)
Table 41: Asia Pacific over-the-counter Hearing Aids market, by technology, 2018-2030 (USD Million)
Table 42: Asia Pacific over-the-counter Hearing Aids market, by distribution channel, 2018-2030 (USD Million)
Table 43: China over-the-counter Hearing Aids market, by product, 2018-2030 (USD Million)
Table 44: China over-the-counter Hearing Aids market, by technology, 2018-2030 (USD Million)
Table 45: China over-the-counter Hearing Aids market, by distribution channel, 2018-2030 (USD Million)
Table 46: Japan over-the-counter Hearing Aids market, by product, 2018-2030 (USD Million)
Table 47: Japan over-the-counter Hearing Aids market, by technology, 2018-2030 (USD Million)
Table 48: Japan over-the-counter Hearing Aids market, by distribution channel, 2018-2030 (USD Million)
Table 49: India over-the-counter Hearing Aids market, by product, 2018-2030 (USD Million)
Table 50: India over-the-counter Hearing Aids market, by technology, 2018-2030 (USD Million)
Table 51: India over-the-counter Hearing Aids market, by distribution channel, 2018-2030 (USD Million)
Table 52: Australia over-the-counter Hearing Aids market, by product, 2018-2030 (USD Million)
Table 53: Australia over-the-counter Hearing Aids market, by technology, 2018-2030 (USD Million)
Table 54: Australia over-the-counter Hearing Aids market, by distribution channel, 2018-2030 (USD Million)
Table 55: South Korea over-the-counter Hearing Aids market, by product, 2018-2030 (USD Million)
Table 56: South Korea over-the-counter Hearing Aids market, by technology, 2018-2030 (USD Million)
Table 57: South Korea over-the-counter Hearing Aids market, by distribution channel, 2018-2030 (USD Million)
Table 58: Latin America over-the-counter Hearing Aids market, by country, 2018-2030 (USD Million)
Table 59: Latin America over-the-counter Hearing Aids market, by product, 2018-2030 (USD Million)
Table 60: Latin America over-the-counter Hearing Aids market, by technology, 2018-2030 (USD Million)
Table 61: Latin America over-the-counter Hearing Aids market, by distribution channel, 2018-2030 (USD Million)
Table 62: Brazil over-the-counter Hearing Aids market, by product, 2018-2030 (USD Million)
Table 63: Brazil over-the-counter Hearing Aids market, by technology, 2018-2030 (USD Million)
Table 64: Brazil over-the-counter Hearing Aids market, by distribution channel, 2018-2030 (USD Million)
Table 65: Mexico over-the-counter Hearing Aids market, by product, 2018-2030 (USD Million)
Table 66: Mexico over-the-counter Hearing Aids market, by technology, 2018-2030 (USD Million)
Table 67: Mexico over-the-counter Hearing Aids market, by distribution channel, 2018-2030 (USD Million)
Table 68: Argentina over-the-counter Hearing Aids market, by product, 2018-2030 (USD Million)
Table 69: Argentina over-the-counter Hearing Aids market, by technology, 2018-2030 (USD Million)
Table 70: Argentina over-the-counter Hearing Aids market, by distribution channel, 2018-2030 (USD Million)
Table 71: MEA over-the-counter Hearing Aids market, by country, 2018-2030 (USD Million)
Table 72: MEA over-the-counter Hearing Aids market, by product, 2018-2030 (USD Million)
Table 73: MEA over-the-counter Hearing Aids market, by technology, 2018-2030 (USD Million)
Table 74: MEA over-the-counter Hearing Aids market, by distribution channel, 2018-2030 (USD Million)
Table 75: South Africa over-the-counter Hearing Aids market, by product, 2018-2030 (USD Million)
Table 76: South Africa over-the-counter Hearing Aids market, by technology, 2018-2030 (USD Million)
Table 77: South Africa over-the-counter Hearing Aids market, by distribution channel, 2018-2030 (USD Million)
Table 78: Saudi Arabia over-the-counter Hearing Aids market, by product, 2018-2030 (USD Million)
Table 79: Saudi Arabia over-the-counter Hearing Aids market, by technology, 2018-2030 (USD Million)
Table 80: Saudi Arabia over-the-counter Hearing Aids market, by distribution channel, 2018-2030 (USD Million)
Table 81: UAE over-the-counter Hearing Aids market, by product, 2018-2030 (USD Million)
Table 82: UAE over-the-counter Hearing Aids market, by technology, 2018-2030 (USD Million)
Table 83: UAE over-the-counter Hearing Aids market, by distribution channel, 2018-2030 (USD Million)
List of Figures
Fig. 1: OTC hearing aids market segmentation
Fig. 2: Market research process
Fig. 3: Information procurement
Fig. 4: Primary research pattern
Fig. 5: Market research approaches
Fig. 6: Value chain-based sizing & forecasting
Fig. 7: QFD modeling for market share assessment
Fig. 8: Market formulation & validation
Fig. 9: Market snapshot
Fig. 10: Market segmentation (USD Million)
Fig. 11: Competitive landscape
Fig. 12: OTC hearing aids market lineage
Fig. 13: Related market outlook
Fig. 14: OTC hearing aids market dynamics
Fig. 15: OTC hearing aid market: Porter’s five forces analysis
Fig. 16: OTC hearing aid market: PESTLE analysis
Fig. 17: OTC hearing aid market: Product type movement share analysis, (USD Million)
Fig. 18: OTC hearing aids product type market outlook: Key takeaways
Fig. 19: In-the-ear hearing aids market, 2018-2030 (USD Million)
Fig. 20: Receiver-in-the-ear hearing aids market 2018-2030 (USD Million)
Fig. 21: Behind-the-ear hearing aids market 2018-2030 (USD Million)
Fig. 22: Canal hearing aids market 2018-2030 (USD Million)
Fig. 23: OTC hearing aids market: Technology movement analysis, (USD Million)
Fig. 24: OTC hearing aids technology market outlook: Key takeaways
Fig. 25: Digital hearing aids market, 2018-2030 (USD Million)
Fig. 26: Analog hearing aids market 2018-2030 (USD Million)
Fig. 27: OTC hearing aids market: Distribution channels movement analysis, (USD Million)
Fig. 28: OTC hearing aids distribution channels market outlook: Key takeaways
Fig. 29: Online aids market, 2018-2030 (USD Million)
Fig. 30: Retail stores market 2018-2030 (USD Million)
Fig. 31: Audiology offices market 2018-2030 (USD Million)
Fig. 32: Regional marketplace: Key takeaways
Fig. 33: Regional marketplace: Key takeaways
Fig. 34: Regional marketplace: Key takeaways
Fig. 35: North America OTC hearing aids market, 2018-2030 (USD Million)
Fig. 36: Key country dynamics
Fig. 37: Estimated prevalence of hearing loss among adult population, 2021-2030 (Million)
Fig. 38: U.S. OTC hearing aids market, 2018-2030 (USD Million)
Fig. 39: Key country dynamics
Fig. 40: Estimated prevalence of hearing loss among adult population, 2021-2030 (Million)
Fig. 41: Canada over-the-counter hearing aids market, 2018-2030 (USD Million)
Fig. 42: Europe over-the-counter hearing aids market, 2018-2030 (USD Million)
Fig. 43: Key country dynamics
Fig. 44: Estimated prevalence of hearing loss among adult population, 2021-2030 (Million)
Fig. 45: Germany over-the-counter hearing aids market, 2018-2030 (USD Million)
Fig. 46: Key country dynamics
Fig. 47: Estimated prevalence of hearing loss among adult population, 2021-2030 (Million)
Fig. 48: UK over-the-counter hearing aids market, 2018-2030 (USD Million)
Fig. 49: Key country dynamics
Fig. 50: Estimated prevalence of hearing loss among adult population, 2021-2030 (Million)
Fig. 51: France over-the-counter hearing aids market, 2018-2030 (USD Million)
Fig. 52: Key country dynamics
Fig. 53: Estimated prevalence of hearing loss among adult population, 2021-2030 (Million)
Fig. 54: Italy over-the-counter hearing aids market, 2018-2030 (USD Million)
Fig. 55: Key country dynamics
Fig. 56: Estimated prevalence of hearing loss among adult population, 2021-2030 (Million)
Fig. 57: Spain over-the-counter hearing aids market, 2018-2030 (USD Million)
Fig. 58: Key country dynamics
Fig. 59: Estimated prevalence of hearing loss among adult population, 2021-2030 (Million)
Fig. 60: Denmark over-the-counter hearing aids market, 2018-2030 (USD Million)
Fig. 61: Asia Pacific over-the-counter hearing aids market, 2018-2030 (USD Million)
Fig. 62: Key country dynamics
Fig. 63: Estimated prevalence of hearing loss among adult population, 2021-2030 (Million)
Fig. 64: Japan over-the-counter hearing aids market, 2018-2030 (USD Million)
Fig. 65: Key country dynamics
Fig. 66: Estimated prevalence of hearing loss among adult population, 2021-2030 (Million)
Fig. 67: China over-the-counter hearing aids market, 2018-2030 (USD Million)
Fig. 68: Key country dynamics
Fig. 69: Estimated prevalence of hearing loss among adult population, 2021-2030 (Million)
Fig. 70: India over-the-counter hearing aids market, 2018-2030 (USD Million)
Fig. 71: Key country dynamics
Fig. 72: Estimated prevalence of hearing loss among adult population, 2021-2030 (Million)
Fig. 73: Australia over-the-counter hearing aids market, 2018-2030 (USD Million)
Fig. 74: Key country dynamics
Fig. 75: Estimated prevalence of hearing loss among adult population, 2021-2030 (Million)
Fig. 76: South Korea over-the-counter hearing aids market, 2018-2030 (USD Million)
Fig. 77: Latin America over-the-counter hearing aids market, 2018-2030 (USD Million)
Fig. 78: Key country dynamics
Fig. 79: Estimated prevalence of hearing loss among adult population, 2021-2030 (Million)
Fig. 80: Brazil over-the-counter hearing aids market, 2018-2030 (USD Million)
Fig. 81: Key country dynamics
Fig. 82: Estimated prevalence of hearing loss among adult population, 2021-2030 (Million)
Fig. 83: Mexico over-the-counter hearing aids market, 2018-2030 (USD Million)
Fig. 84: Key country dynamics
Fig. 85: Estimated prevalence of hearing loss among adult population, 2021-2030 (Million)
Fig. 86: Argentina over-the-counter hearing aids market, 2018-2030 (USD Million)
Fig. 87: Middle East & Africa over-the-counter hearing aids market, 2018-2030 (USD Million)
Fig. 88: Key country dynamics
Fig. 89: Estimated prevalence of hearing loss among adult population, 2021-2030 (Million)
Fig. 90: South Africa over-the-counter hearing aids market, 2018-2030 (USD Million)
Fig. 91: Key country dynamics
Fig. 92: Estimated prevalence of hearing loss among adult population, 2021-2030 (Million)
Fig. 93: Saudi Arabia over-the-counter hearing aids market, 2018-2030 (USD Million)
Fig. 94: Key country dynamics
Fig. 95: Estimated prevalence of hearing loss among adult population, 2021-2030 (Million)
Fig. 96: UAE over-the-counter hearing aids market, 2018-2030 (USD Million)
Fig. 97: Company/competition categorization
Fig. 98: Company market position analysis
Fig. 99: Strategy mapping

Companies Mentioned

  • Eargo Inc.
  • Jabra
  • Mdhearing
  • Audicus
  • Sony Corporation
  • Start Hearing
  • Lexie (Hearx Ip (Pty) Ltd.)

Methodology

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Table Information

Report AttributeDetails
No. of Pages190
PublishedJune 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 1.06 Billion
Forecasted Market Value ( USD ) by 2030 $ 1.74 Billion
Compound Annual Growth Rate6.6%
Regions CoveredGlobal
No. of Companies Mentioned7

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About the OTC Hearing Aids Market

The Over-the-Counter (OTC) Hearing Aids market is a subset of the larger Hearing Aids and Implants market. OTC Hearing Aids are devices that are designed to improve hearing without the need for a prescription from a medical professional. These devices are typically smaller and less expensive than traditional hearing aids, and are available for purchase without a prescription. OTC Hearing Aids are designed to be used by individuals with mild to moderate hearing loss, and are typically used to supplement existing hearing aids or to provide a more affordable alternative to traditional hearing aids. OTC Hearing Aids are becoming increasingly popular due to their affordability and convenience. They are often used by individuals who are not eligible for traditional hearing aids due to cost or other factors. Some companies in the OTC Hearing Aids market include ReSound, Starkey, Widex, Phonak, and Oticon. Show Less Read more

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