FEATURED COMPANIES
- Benson Hearing
- GN Store Nord A/S
- MED-EL
- Medtronic
- Phonak
- Sivantos Pte. Ltd
- MORE
Behind-the-ear hearing aids was the largest product type segment in 2018 and is expected to grow at a lucrative rate over the forecast period. This is because they are easy to handle and clean and are more preferred by younger population. Moreover, they can fit into various ear molds and don't need device replacement as the child grows. With technological advances, new products such as the Mini BTE have been developed, which are smaller in size and provide more comfort.
The digital technology dominated the market in 2018 and is expected to retain its position over the forecast period. Digital technology hearing aids are technologically advanced and can be programmed according to the external environment to amplify sound and reduce noise, thus providing an enhanced auditory experience.
The retail sales channel segment dominated the market in 2018 and is expected to grow at a lucrative rate over the forecast period. This can be attributed to higher profit margin in retail stores and increasing number of companies investing in company-owned retail stores to gain higher revenue share. In addition, companies such as William Demant Holding A/S, Starkey, and GN Hearing are undertaking expansion strategies to increase the number of company-owned retail stores.
Europe dominated the market in 2018 with a revenue of USD 2.2 billion and is expected to grow at a lucrative rate over the forecast period. This is owing to increase in prevalence of auditory loss, growing awareness about various treatment options, and rising adoption of hearing aids. Asia Pacific is anticipated to exhibit the fastest growth, due to large population base, coupled with increasing geriatric population, easy availability and accessibility of hearing aids.
Some of the key market players in the market are Phonak; Benson Hearing; GN Store Nord A/S; Starkey; MED-EL.; William Demant Holding A/S; Medtronic; WIDEX USA, INC.; and Sivantos Pte. Ltd. These companies focus on technological innovations, new product launches, and regional expansion to gain a competitive edge.
Further key findings from the study suggest:
- Behind-the-ear hearing aids was the largest product segment and is expected to grow at a lucrative rate over the forecast period due to ease of handling and technological advances
- The digital technology dominated the market in 2018 owing to technological advancements and additional advantages over its analog counterparts, including amplified sound and reduced external noise
- Retail sales channel dominated the hearing aids market in 2018 with a revenue of USD 3.9 billion due to high profit margins in retail sales and increasing number of companies investing in company-owned retail stores
- Asia Pacific is anticipated to witness the fastest growth with a CAGR of 7.3% owing to high population base, coupled with increasing geriatric population, and easy availability and accessibility of hearing aids
- Some of the key players are Phonak; Benson Hearing; GN Store Nord A/S; Starkey; MED-EL.; William Demant Holding A/S; Medtronic; WIDEX USA, INC.; and Sivantos Pte. Ltd.
FEATURED COMPANIES
- Benson Hearing
- GN Store Nord A/S
- MED-EL
- Medtronic
- Phonak
- Sivantos Pte. Ltd
- MORE
Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Market Definition
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 GVR's Internal Database
1.3.3 Secondary Sources & Third Party perspectives
1.3.4 Primary Research
1.4 Information Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation & Data Visualization
1.6 Data Validation & Publishing
Chapter 2 Executive Summary
2.1 Hearing Aids Market Outlook, By Revenue (USD Million)
2.2 Hearing Aids Segment Outlook, By Revenue (USD Million)
2.3 Competititve Insights
Chapter 3 Hearing Aids Market Variables, Trends and Scope
3.1 Market Lineage Outlook
3.1.1 Parent market outlook
3.1.2 Related/ancillary market outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Product Pipeline Analysis, by Stage
3.4 Industry Value Chain Analysis
3.4.1 User perspective analysis
3.4.1.1 Consumer behaviour analysis
3.4.1.2 Market influencer analysis
3.4.2 Cost structure analysis
3.4.3 List of key end-users, by region/by product/by country
3.5 Technology Overview
3.5.1 Technology timeline
3.6 Regulatory Framework
3.6.1 Reimbursement framework
3.6.2 Standards & compliances
3.7 Market Dynamics
3.7.1 Market driver analysis
3.7.1.1 Increasing number of people suffering from hearing loss
3.7.1.2 Increasing initiatives foccused at improving healthcare access
3.7.1.3 Introduction of technologically advanced products
3.7.2 Market restraint analysis
3.7.2.1 Presence of social stigmas
3.7.2.2 Availability of substitutes
3.7.3 Industry challenges
3.8 Hearing Aids ASPs by Brand
3.9 China Hearing Aids Manufacturing Landscape
3.9.1 Business enviornment analysis
3.9.2 Manufacturing cost analysis
3.9.3 China hearing aids PESTEL by factor analysis
3.9.4 China hearing aids manufacturers
3.10 Hearing Aids Market Analysis Tools
3.10.1 Industry analysis - Porter's
3.10.1.1 Supplier power
3.10.1.2 Buyer power
3.10.1.3 Substitution threat
3.10.1.4 New entrants threat
3.10.1.5 Competitive rivalry
3.10.2 PESTEL Analysis
3.10.2.1 Political landscape
3.10.2.2 Economic landscape
3.10.2.3 Social landscape
3.10.2.4 Technology landscape
3.10.3 Major deals and strategic alliances analysis
3.10.4 Market entry strategies
3.10.5 Hearing Loss Prevalance, by Country
Chapter 4 Hearing Aids Market - Competitive Analysis
4.1 Recent Developments & Impact Analysis, by Key Market Participants
4.2 Company/Competition Categorization
4.3 Public Companies
4.3.1 Company market position analysis
4.3.2 Company market share/ranking, by region
4.4 Private Companies
4.4.1 List of key emerging companies/technology disruptors/innovators
4.4.2 Regional network map
4.4.3 Company market position analysis
4.4.4 Supplier ranking
Chapter 5 Hearing Aids Market: Product Type Estimates & Trend Analysis
5.1 Definitions & Scope
5.2 Hearing Aids Market Share by Product Type, 2018 & 2025
5.3 Segment Dashboard
5.4 In-the-Ear Hearing Aids
5.4.1 In-the-ear hearing aids market estimates and forecasts, 2014 - 2025 (USD Million)
5.4.2 In-the-ear hearing aids market estimates and forecasts, 2014 - 2025 ('000 units)
5.4.3 In-the-ear hearing aids grafts market estimates and forecasts, by technology, 2014 - 2025 (USD Million)
5.5 Reciever-in-the-Ear Hearing Aids
5.5.1 Reciever-in-the-ear hearing aids market estimates and forecasts, 2014 - 2025 (USD Million)
5.5.2 Reciever-in-the-ear hearing aids market estimates and forecasts, 2014 - 2025 ('000 units)
5.5.3 Reciever-in-the-ear hearing aids market estimates and forecasts, by technology, 2014 - 2025 (USD Million)
5.6 Behind-the-Ear Hearing Aids
5.6.1 Behind-the-ear hearing aids market estimates and forecasts, 2014 - 2025 (USD Million)
5.6.2 Behind-the-ear hearing aids market estimates and forecasts, 2014 - 2025 ('000 units)
5.6.3 Behind-the-ear hearing aids market estimates and forecasts, 2014 - 2025 by technology (USD Million)
5.7 Canal Hearing Aids
5.7.1 Canal hearing aids market estimates and forecasts, 2014 - 2025 (USD Million)
5.7.2 Canal hearing aids market estimates and forecasts, 2014 - 2025 ('000 units)
5.7.3 Canal hearing aids market estimates and forecasts, 2014 - 2025 by technology (USD Million)
Chapter 6 Hearing Aids Market: Technology Type Estimates & Trend Analysis
6.1 Definitions & Scope
6.2 Hearing Aids Market Share by Technology Type, 2018 & 2025
6.3 Segment Dashboard
6.4 Digital Hearing Aids
6.4.1 Digital hearing aids market estimates and forecasts, 2014 - 2025 (USD Million)
6.4.2 Digital hearing aids market estimates and forecasts, 2014 - 2025 ('000 units)
6.5 Analog Hearing Aids
6.5.1 Analog hering aids market estimates and forecasts, 2014 - 2025 (USD Million)
6.5.2 Analog hearing aids market estimates and forecasts, 2014 - 2025 ('000 units)
Chapter 7 Hearing Aids Market: Sales Channel Estimates & Trend Analysis
7.1 Definitions & Scope
7.2 Hearing Aids Market Share by Sales Channel, 2018 & 2025
7.3 Segment Dashboard
7.4 Retail Sales
7.4.1 Retail sales market estimates and forecasts, 2014 - 2025 (USD Million)
7.5 Government Purchases
7.5.1 Government purchases market estimates and forecasts, 2014 - 2025 (USD Million)
7.6 E-Commerce
7.6.1 E-Commerce market estimates and forecasts, 2014 - 2025 (USD Million)
Chapter 8 Hearing Aids Market: Regional Estimates & Trend Analysis, by Product
8.1 Regional Market Snapshot
8.2 Regional Market Share and Leading Players, 2018
8.2.1 North America
8.2.2 Europe
8.2.3 Asia Pacific
8.2.4 Latin America
8.2.5 Middle East & Africa
8.3 SWOT Analysis, by Factor (Political & Legal, Economic and Technological)
8.3.1 North America
8.3.2 Europe
8.3.3 Asia Pacifc
8.3.4 Latin America
8.4.5 Middle East & Africa
8.4 Market Size, & Forecasts, and Trend Analysis, 2018 to 2025:
8.4.1 North America
8.4.1.1 Market estimates and forecasts, by product 2014 - 2025 (USD Million)
8.4.1.2 Market estimates and forecasts, by technology 2014 - 2025 (USD Million)
8.4.1.3 Market estimates and forecasts, by sales channel 2014 - 2025 (USD Million)
8.4.1.4 Market estimates and forecasts, 2014 - 2025 ('000 units)
8.4.1.5 U.S.
8.4.1.5.1 Market estimates and forecasts, by product 2014 - 2025 (USD Million)
8.4.1.5.2 Market estimates and forecasts, by technology 2014 - 2025 (USD Million)
8.4.1.5.3 Market estimates and forecasts, by sales channel 2014 - 2025 (USD Million)
8.4.1.5.4 Market estimates and forecasts, 2014 - 2025 ('000 units)
8.4.1.6 Canada
8.4.1.6.1 Market estimates and forecasts, by product 2014 - 2025 (USD Million)
8.4.1.6.2 Market estimates and forecasts, by technology 2014 - 2025 (USD Million)
8.4.1.6.3 Market estimates and forecasts, by sales channel 2014 - 2025 (USD Million)
8.4.1.6.4 Market estimates and forecasts, 2014 - 2025 ('000 units)
8.4.2 Europe
8.4.2.1 Market estimates and forecasts, by product 2014 - 2025 (USD Million)
8.4.2.2 Market estimates and forecasts, by technology 2014 - 2025 (USD Million)
8.4.2.3 Market estimates and forecasts, by sales channel 2014 - 2025 (USD Million)
8.4.2.4 Market estimates and forecasts, 2014 - 2025 ('000 units)
8.4.2.5 U.K.
8.4.2.5.1 Market estimates and forecasts, by product 2014 - 2025 (USD Million)
8.4.2.5.2 Market estimates and forecasts, by technology 2014 - 2025 (USD Million)
8.4.2.5.3 Market estimates and forecasts, by sales channel 2014 - 2025 (USD Million)
8.4.2.5.4 Market estimates and forecasts, 2014 - 2025 ('000 units)
8.4.2.6 Germany
8.4.2.6.1 Market estimates and forecasts, by product 2014 - 2025 (USD Million)
8.4.2.6.2 Market estimates and forecasts, by technology 2014 - 2025 (USD Million)
8.4.2.6.3 Market estimates and forecasts, by sales channel 2014 - 2025 (USD Million)
8.4.2.6.4 Market estimates and forecasts, 2014 - 2025 ('000 units)
8.4.2.7 Spain
8.4.2.7.1 Market estimates and forecasts, by product 2014 - 2025 (USD Million)
8.4.2.7.2 Market estimates and forecasts, by technology 2014 - 2025 (USD Million)
8.4.2.7.3 Market estimates and forecasts, by sales channel 2014 - 2025 (USD Million)
8.4.2.7.4 Market estimates and forecasts, 2014 - 2025 ('000 units)
8.4.2.8 France
8.4.2.8.1 Market estimates and forecasts, by product 2014 - 2025 (USD Million)
8.4.2.8.2 Market estimates and forecasts, by technology 2014 - 2025 (USD Million)
8.4.2.8.3 Market estimates and forecasts, by sales channel 2014 - 2025 (USD Million)
8.4.2.8.4 Market estimates and forecasts, 2014 - 2025 ('000 units)
8.4.2.9 Italy
8.4.2.9.1 Market estimates and forecasts, by product 2014 - 2025 (USD Million)
8.4.2.9.2 Market estimates and forecasts, by technology 2014 - 2025 (USD Million)
8.4.2.9.3 Market estimates and forecasts, by sales channel 2014 - 2025 (USD Million)
8.4.2.9.4 Market estimates and forecasts, 2014 - 2025 ('000 units)
8.4.2.10 Russia
8.4.2.10.1 Market estimates and forecasts, by product 2014 - 2025 (USD Million)
8.4.2.10.2 Market estimates and forecasts, by technology 2014 - 2025 (USD Million)
8.4.2.10.3 Market estimates and forecasts, by sales channel 2014 - 2025 (USD Million)
8.4.2.10.4 Market estimates and forecasts, 2014 - 2025 ('000 units)
8.4.3 Asia Pacific
8.4.3.1 Market estimates and forecasts, by product 2014 - 2025 (USD Million)
8.4.3.2 Market estimates and forecasts, by technology 2014 - 2025 (USD Million)
8.4.3.3 Market estimates and forecasts, by sales channel 2014 - 2025 (USD Million)
8.4.3.4 Market estimates and forecasts, 2014 - 2025 ('000 units)
8.4.3.5 China
8.4.3.5.1 Market estimates and forecasts, by product 2014 - 2025 (USD Million)
8.4.3.5.2 Market estimates and forecasts, by technology 2014 - 2025 (USD Million)
8.4.3.5.3 Market estimates and forecasts, by sales channel 2014 - 2025 (USD Million)
8.4.3.5.4 Market estimates and forecasts, 2014 - 2025 ('000 units)
8.4.3.6 Japan
8.4.3.6.1 Market estimates and forecasts, by product 2014 - 2025 (USD Million)
8.4.3.6.2 Market estimates and forecasts, by applciation 2014 - 2025 (USD Million)
8.4.3.6.3 Market estimates and forecasts, by sales channel 2014 - 2025 (USD Million)
8.4.3.6.4 Market estimates and forecasts, 2014 - 2025 ('000 units)
8.4.3.7 India
8.4.3.7.1 Market estimates and forecasts, by product 2014 - 2025 (USD Million)
8.4.3.7.2 Market estimates and forecasts, by technology 2014 - 2025 (USD Million)
8.4.3.7.3 Market estimates and forecasts, by sales channel 2014 - 2025 (USD Million)
8.4.3.7.4 Market estimates and forecasts, 2014 - 2025 ('000 units)
8.4.3.8 South Korea
8.4.3.8.1 Market estimates and forecasts, by product 2014 - 2025 (USD Million)
8.4.3.8.2 Market estimates and forecasts, by technology 2014 - 2025 (USD Million)
8.4.3.8.3 Market estimates and forecasts, by sales channel 2014 - 2025 (USD Million)
8.4.3.8.4 Market estimates and forecasts, 2014 - 2025 ('000 units)
8.4.3.9 Singapore
8.4.3.9.1 Market estimates and forecasts, by product 2014 - 2025 (USD Million)
8.4.3.9.2 Market estimates and forecasts, by technology 2014 - 2025 (USD Million)
8.4.3.9.3 Market estimates and forecasts, by sales channel 2014 - 2025 (USD Million)
8.4.3.9.4 Market estimates and forecasts, 2014 - 2025 ('000 units)
8.4.3.10 Australia
8.4.3.10.1 Market estimates and forecasts, by product 2014 - 2025 (USD Million)
8.4.3.10.2 Market estimates and forecasts, by applciation 2014 - 2025 (USD Million)
8.4.3.10.3 Market estimates and forecasts, by sales channel 2014 - 2025 (USD Million)
8.4.3.10.4 Market estimates and forecasts, 2014 - 2025 ('000 units)
8.4.4 Latin America
8.4.4.1 Market estimates and forecasts, by product 2014 - 2025 (USD Million)
8.4.4.2 Market estimates and forecasts, by technology 2014 - 2025 (USD Million)
8.4.4.3 Market estimates and forecasts, by sales channel 2014 - 2025 (USD Million)
8.4.4.4 Market estimates and forecasts, 2014 - 2025 ('000 units)
8.4.4.5 Brazil
8.4.4.5.1 Market estimates and forecasts, by product 2014 - 2025 (USD Million)
8.4.4.5.2 Market estimates and forecasts, by technology 2014 - 2025 (USD Million)
8.4.4.5.3 Market estimates and forecasts, by sales channel 2014 - 2025 (USD Million)
8.4.4.5.4 Market estimates and forecasts, 2014 - 2025 ('000 units)
8.4.4.6 Mexico
8.4.4.6.1 Market estimates and forecasts, by product 2014 - 2025 (USD Million)
8.4.4.6.2 Market estimates and forecasts, by technology 2014 - 2025 (USD Million)
8.4.4.6.3 Market estimates and forecasts, by sales channel 2014 - 2025 (USD Million)
8.4.4.6.4 Market estimates and forecasts, 2014 - 2025 ('000 units)
8.4.4.7 Argentina
8.4.4.7.1 Market estimates and forecasts, by product 2014 - 2025 (USD Million)
8.4.4.7.2 Market estimates and forecasts, by technology 2014 - 2025 (USD Million)
8.4.4.7.3 Market estimates and forecasts, by sales channel 2014 - 2025 (USD Million)
8.4.4.7.4 Market estimates and forecasts, 2014 - 2025 ('000 units)
8.4.5 Middle East & Africa (MEA)
8.4.5.1 Market estimates and forecasts, by product 2014 - 2025 (USD Million)
8.4.5.2 Market estimates and forecasts, by technology 2014 - 2025 (USD Million)
8.4.5.3 Market estimates and forecasts, by sales channel 2014 - 2025 (USD Million)
8.4.5.4 Market estimates and forecasts, 2014 - 2025 ('000 units)
8.4.5.5 South Africa
8.4.5.5.1 Market estimates and forecasts, by product 2014 - 2025 (USD Million)
8.4.5.5.2 Market estimates and forecasts, by applciation 2014 - 2025 (USD Million)
8.4.5.5.3 Market estimates and forecasts, by sales channel 2014 - 2025 (USD Million)
8.4.5.5.4 Market estimates and forecasts, 2014 - 2025 ('000 units)
8.4.5.6 Saudi Arabia
8.4.5.6.1 Market estimates and forecasts, by product 2014 - 2025 (USD Million)
8.4.5.6.2 Market estimates and forecasts, by technology 2014 - 2025 (USD Million)
8.4.5.6.3 Market estimates and forecasts, by sales channel 2014 - 2025 (USD Million)
8.4.5.6.4 Market estimates and forecasts, 2014 - 2025 ('000 units)
8.4.5.7 UAE
8.4.5.7.1 Market estimates and forecasts, by product 2014 - 2025 (USD Million)
8.4.5.7.2 Market estimates and forecasts, by technology 2014 - 2025 (USD Million)
8.4.5.7.3 Market estimates and forecasts, by sales channel 2014 - 2025 (USD Million)
8.4.5.7.4 Market estimates and forecasts, 2014 - 2025 ('000 units)
Chapter 9 Competitive Landscape
9.1 Company Profiles
9.1.1 Phonak
9.1.1.1 Company Overview
9.1.1.2 Financial Performance
9.1.1.3 Product Benchmarking
9.1.1.4 Strategic Initiatives
9.1.2 Benson Hearing
9.1.2.1 Company Overview
9.1.2.2 Financial Performance
9.1.2.3 Product Benchmarking
9.1.2.4 Strategic Initiatives
9.1.3 GN Store Nord A/S
9.1.3.1 Company Overview
9.1.3.2 Financial Performance
9.1.3.3 Product Benchmarking
9.1.3.4 Strategic Initiatives
9.1.4 Starkey
9.1.4.1 Company Overview
9.1.4.2 Financial Performance
9.1.4.3 Product Benchmarking
9.1.4.4 Strategic Initiatives
9.1.5 MED-EL
9.1.5.1 Company Overview
9.1.5.2 Financial Performance
9.1.5.3 Product Benchmarking
9.1.5.4 Strategic Initiatives
9.1.6 William Demant Holding A/S
9.1.6.1 Company Overview
9.1.6.2 Financial Performance
9.1.6.3 Product Benchmarking
9.1.6.4 Strategic Initiatives
9.1.7 Medtronic
9.1.7.1 Company Overview
9.1.7.2 Financial Performance
9.1.7.3 Product Benchmarking
9.1.7.4 Strategic Initiatives
9.1.8 WIDEX USA, Inc.
9.1.8.1 Company Overview
9.1.8.2 Financial Performance
9.1.8.3 Product Benchmarking
9.1.8.4 Strategic Initiatives
9.1.9 Sivantos Pte. Ltd
9.1.9.1 Company Overview
9.1.9.2 Financial Performance
9.1.9.3 Product Benchmarking
9.1.9.4 Strategic Initiatives
9.2 List of Other Manufacturers
- Phonak
- Benson Hearing
- GN Store Nord A/S
- Starkey
- MED-EL
- William Demant Holding A/S
- Medtronic
- WIDEX USA, Inc.
- Sivantos Pte. Ltd
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