Hearing Aids Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Competitive Scenario And Forecasts, 2012 To 2020

  • ID: 3067713
  • Report
  • 87 pages
  • Hexa Research
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Industry Insights
As per the statistics of WHO, approximately 33% of geriatric population suffer from some degree of hearing loss. The hearing aids market thus, has gone through a sharp hike owing to the expanding geriatric population base globally. Rising prevalence of hearing loss such as congenital hearing problem and nerve deafness coupled with the full or partial reimbursement for these by the governments of various countries has contributed to the spurred demand of these worldwide. Rapid technological advancements are taking place in this market. The most recent innovations being the incorporation of Bluetooth and the introduction of aesthetically appealing, 100% undetectable, waterproof hearing aids. All these advancements have been optimistic for the growth of the market as the new enhanced, cost effective product features are augmenting number of users of these devices.

The key players in global hearing aids market are William Demant Holding A/S, Sonova Holding AG, Siemens AG, Widex A/S, and GN Resound. The companies in this market have to face stringent regulatory compliances and also have to indulge themselves in new product development as a significant amount of consolidation in the manufacturing capabilities has taken place. Companies are thus entering into mergers & acquisitions, and joint ventures to enhance their product features and quality.

Product Insights
Key products analyzed in the hearing aids market include Canal Hearing Aids: Completely-In-Canal (CIC), Invisible-In-Canal (IIC), and In-The-Canal (ITC) and In-The-Ear Aids (ITE), Completely-In-Canal (CIC), Behind-The-Ear Aids (BTE) Receiver-In-The-Ear Aids (RITE). The ITE and BTE hearing aids are more popular owing to connectivity, ease to use, high comfort they provide to patients and their efficiency for hearing impairment or deafness. BTE dominated the overall hearing aids market in terms of share at more than 55.0% in 2013. These are used for treating the profound hearing loss and are more preferred for the treatment of hearing loss in children. The canal hearing aids are expected to rise at the highest CAGR during the forecast period. Rising demand for aesthetically appealing and invisible hearing aids owing to the changing lifestyle patterns of people is affecting the growth of this segment positively. Increasing R&D initiatives to improve the performance of these hearing aids are also accounting for the lucrative CAGR.

Technology Insights

Analog and digital are major technologies in the hearing aids market. Digital hearing aid technology accounted for the largest revenue share in 2013. Higher relative efficiency and the use of upgraded technology such as Bluetooth and wireless, are the affecting this segment positively. The advantages such as digital speech enhancement and digital noise reduction that digital hearing aids provide over the traditional analog hearing aids have also led to spurred use of them.

Regional Insights
Europe emerged as the largest regional market in 2013 holding over 42% of revenue share. Increasing prevalence of hearing impairment and deafness and high purchasing power of patients in the developed countries of Western Europe accounted for the growth of this market. Effective reimbursement policy in each European nation is also the major driver for Europe’s market. The Asia Pacific market during the forecast period is expected to grow at the highest CAGR of over 4.0%. Improvement in the distribution network of global market players coupled with increasing prevalence of age associated hearing problems in geriatric population, are the major drivers for the hearing aids market. Constantly improving healthcare infrastructure, rising patient disposable incomes and increasing awareness levels of patients, increasing adoption of technologically advanced hearing aids in emerging countries such as China and India and growing health care expenditures is a high growth rendering driver for this market.
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Note: Product cover images may vary from those shown
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Table of Contents

Chapter 1. Executive Summary

1.1. Hearing Aids – Industry Summary and Critical Success Factors (CSFs)

Chapter 2. Hearing Aids Industry Outlook

2.1. Market Segmentation

2.2. Market Size and Growth Prospects

2.3. Hearing Aid devices Market Dynamics

2.3.1. Market Driver Analysis

2.3.2. Market Restraint Analysis

2.4. Key Opportunities Prioritized

2.5. Industry Analysis – Porter’s

2.6. Hearing Aids Market PESTEL Analysis, 2012

Chapter 3. Hearing Aids Product Outlook

3.1. In-The-Ear-Aids( ITE)

3.1.1.In-The-Ear Aids (ITE)Market Estimates and Forecasts, 2012 – 2020 (USD Million)

3.2. Receiver-In-The-Ear Aids (RITE)

3.2.1.Receiver-In-The-Ear Aids (RITE) Market Estimates and Forecasts, 2012 – 2020 (USD Million)

3.3. Behind-The-Ear Aids (BTE)

3.3.1.Behind-The-Ear Aids (BTE)Market Estimates and Forecasts, 2012 – 2020 (USD Million)

3.4. Canal Hearing Aids: In-The-Canal (ITC), Invisible-In-Canal (IIC), Completely-In-Canal (CIC)

3.4.1. In-The-Canal, Invisible-In-Canal, Completely-In-Canal and Forecasts, 2012 – 2020 (USD Million)

Chapter 4. Hearing Aids Technology Outlook

4.1. Digital Hearing Aids

4.1.1.Digital Hearing Aids Market Estimates and Forecasts, 2012 – 2020 (USD Million)

4.2. Analog Hearing Aids

4.2.1.Analog Hearing Aids Market Estimates and Forecasts, 2012 – 2020 (USD Million)

Chapter 5. Hearing Aids Regional Outlook

5.1. North America

5.1.1.Hearing Aid Market Estimates and Forecasts, by Product, 2012 – 2020 (USD Million)

5.1.2.Hearing Aid Market Estimates and Forecasts, by Technology, 2012 – 2020 (USD Million)

5.2. Europe

5.2.1.Hearing Aid Market Estimates and Forecasts, by Product, 2012 – 2020 (USD Million)

5.2.2.Hearing Aid Market Estimates and Forecasts, by Technology, 2012 – 2020 (USD Million)

5.3. Asia Pacific

5.3.1.Hearing Aid Market Estimates and Forecasts, by Product, 2012 – 2020 (USD Million)

5.3.2.Hearing Aid Market Estimates and Forecasts, by Technology, 2012 – 2020 (USD Million)

5.4. RoW

5.4.1.Hearing Aid Market Estimates and Forecasts, by Product, 2012 – 2020 (USD Million)

5.4.2.Hearing Aid Market Estimates and Forecasts, by Technology, 2012 – 2020 (USD Million)

Chapter 6. Competitive Landscape

6.1. Revenue Analysis

6.2. Product Benchmarking

6.3. Strategic Development

Chapter 7. Methodology and Scope

7.1. Research Methodology

7.2. Research Scope & Assumption

7.3. List of Data Sources

Companies analyzed in the competitive landscape

William Demant Holdings A/S
GN ReSound Grou
Sonova Holdings AG
Starkey Hearing Technologies
Siemens Healthcare
Widex A/S.
Maico
MedRx
Advanced Bionics
MED-EL
Trmetrics
Benson
Sophono
Phonak
Deco
Ambco
Inmedico
Micro-tech
InSound Medicla

List of Tables

Hearing Aids– Industry summary & Critical Success Factors (CSFs)
Global Hearing Aids revenue, 2012 – 2020
Global Hearing Aids market revenue by region, (USD million), 2012 – 2020
Global Hearing Aids market revenue by products, (USD million), 2012 – 2020
Global In-The-Ear Aids (ITE) market, 2012 to 2020 (USD million)
Global Receiver-In-The-Ear Aids (RITE) market, 2012 to 2020 (USD million)
Global Behind-The-Ear Aids (BTE) market, 2012 to 2020 (USD million)
Global Canal Hearing Aids: In-The-Canal (ITC), Invisible-In-Canal (IIC), Completely-In-Canal (CIC) market, 2012 to 2020 (USD million)
Global Hearing Aids market revenue by technology, (USD million), 2012 – 2020
Global Digital Hearing Aids market, 2012 to 2020 (USD million)
Global Analog Hearing Aids market, 2012 to 2020 (USD million)
Global audiology devices market, by region, 2012 to 2020 (USD million)
North America Hearing Aids demand, by products, (USD million), 2012 – 2020
Europe Hearing Aids demand, by products, (USD million), 2012 – 2020
Asia Pacific Hearing Aids demand, by products, (USD million), 2012 – 2020
RoW Hearing Aids demand, by products, (USD million), 2012 – 2020
Global Hearing Aids Market – Competitive Landscape

List of Figures

Hearing Aids Market Segmentation
Global Hearing Aids Market Revenue, 2012 – 2020
Hearing Aids Market Dynamics
Hearing Aids Company Market Share Analysis, 2012
Key Opportunities Prioritized
Industry Analysis – Porter’s
Hearing Aids PESTEL Analysis, 2012
Hearing Aids market, by products, (USD million), 2012 – 2020
Global In-The-Ear Aids (ITE) market, by region, (USD million), 2012 – 2020
Global Receiver-In-The-Ear Aids (RITE) market, by region, (USD million), 2012 – 2020
Global Behind-The-Ear Aids (BTE) market, by region, (USD million), 2012 – 2020
Global Canal Hearing Aids: In-The-Canal (ITC), Invisible-In-Canal (IIC), Completely-In-Canal (CIC) market, by region, (USD million), 2012 – 2020
Hearing Aids market, by technology, (USD million), 2012 – 2020
Global Digital Hearing Aids market, by region, (USD million), 2012 – 2020
Global Analog Hearing Aids market, by region, (USD million), 2012 – 2020
Global Hearing aids market, by region, (USD million), 2012 – 2020
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