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Hearing Aids Market Size, Share & Trends Analysis Report by Product Type (Behind-the-Ear, Canal), by Technology Type (Digital, Analog), by Sales Channel, by Region, and Segment Forecasts, 2022-2030

  • ID: 3972865
  • Report
  • April 2022
  • Region: Global
  • 136 Pages
  • Grand View Research

FEATURED COMPANIES

  • Benson Hearing
  • Gn Store Nord A/S
  • Med-El
  • Medtronic
  • Phonak
  • Sivantos Pte. Ltd.
The global hearing aids market size is expected to reach USD 15.5 billion by 2030. It is expected to expand at a CAGR of 4.9% from 2022 to 2030. Increasing adoption of hearing aids, the growing awareness regarding technologically advanced products for the treatment of auditory loss, and the rising prevalence of auditory loss are some of the factors contributing to the market growth. The World Health Organization estimates that by 2050, the number of individuals living with severe hearing loss would approach 900 million. Besides that, physiological ear aging, hereditary vulnerability, increasing noise exposure, vascular illness, and chronic inflammation are factors that will contribute to the growing need for hearing aid. Hearing aid support items are also benefiting from government-funded projects. The majority of nations with greater penetration rates have government-funded hearing aid and accessory programs, subsidies, or full or partial reimbursements.



Covid-19 has adversely affected the healthcare industry. As a result of the COVID-19 pandemic, more people are opting for remote monitoring. The crisis has brought a new paradigm in hearing healthcare that mandates a revolutionary reconsideration of audiology service delivery. Low- and no-touch therapies are becoming increasingly important for audiology patients, who have been at the greatest risk for COVID-19 morbidity and death due to their old age. Hearing aid manufacturers have started to prioritize the use of mobile audiometry and digital hearing care solutions for remote troubleshooting, fine-tuning, counseling, and device monitoring.

Furthermore, rising public awareness regarding hearing impairment and hearing aid devices is anticipated to create an opportunity for the growth of the market. Increased public awareness regarding hearing loss and the benefits of devices to people with hearing impairment are expected to increase the product demand, which will positively impact the market growth. For example, the World Health Organization (WHO) and its respective nations commemorate World Hearing Day on March 3rd each year to promote awareness regarding hearing loss and safe listening and the WHO provides a specific grant to anyone who wants to organize a program on these issues.

Increased noise pollution across the world has a substantial influence on people's hearing capacities. Adults' hearing capacity is projected to be harmed as a result of noise pollution in heavy-duty businesses and public carnivals, leading to an increase in demand for hearing aids. Furthermore, key companies in the sector are improving their products via technical innovation and the debut of new gadgets, which is likely to boost the market growth throughout the forecast period. For instance, Oticon, Inc. is extending its hearing aid range to make Oticon's innovative BrainHearing technology accessible to more hearing impairment. Two new Oticon More miniBTE models have been added to meet the demand for consumers who want compact, inconspicuous behind-the-ear (BTE) choices.

Hearing Aids Market Report Highlights

  • The behind-the-ear hearing aids segment was the largest product type segment in 2021 and is expected to grow at a lucrative rate over the forecast period due to the ease of handling and technological advances.
  • The digital technology type segment dominated the market in 2021 owing to technological advancements and additional advantages over its analog counterparts, including amplified sound and reduced external noise.
  • Retail sales channel dominated the market in 2021 due to high-profit margins in retail sales and an increasing number of companies investing in company-owned retail stores.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 2021 and is expected to grow at a lucrative rate over the forecast period. This is attributed to an increase in the prevalence of deafness and rising awareness regarding technological advancements. North America held the second-largest revenue share in 2021.
  • In September 2021, Audientes, a firm that provides low-cost hearing aids to low-income nations, partnered with Hearing Wellness Clinic, a network of hearing facilities in South India, to deliver its self-adjusting hearing aids to the Indian market.
Frequently Asked Questions about the Global Hearing Aids Market

What is the estimated value of the Global Hearing Aids Market?

The Global Hearing Aids Market was estimated to be valued at $10.6 Billion in 2022.

What is the growth rate of the Global Hearing Aids Market?

The growth rate of the Global Hearing Aids Market is 4.9%, with an estimated value of $15.5 Billion by 2030.

What is the forecasted size of the Global Hearing Aids Market?

The Global Hearing Aids Market is estimated to be worth $15.5 Billion by 2030.

Who are the key companies in the Global Hearing Aids Market?

Key companies in the Global Hearing Aids Market include Phonak, Benson Hearing, Gn Store Nord A/S, Starkey, Med, El, William Demant Holding A/S, Medtronic and Sivantos Pte. Ltd..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Benson Hearing
  • Gn Store Nord A/S
  • Med-El
  • Medtronic
  • Phonak
  • Sivantos Pte. Ltd.

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 Competitive 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 behavior 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 focused on 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 environment 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 Prevalence, 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, 2021 & 2030
5.3 Segment Dashboard
5.4 In-the-Ear Hearing Aids
5.4.1 In-the-ear hearing aids market estimates and forecasts, 2017-2030 (USD Million)
5.4.2 In-the-ear hearing aids market estimates and forecasts, 2017-2030 (‘000 units)
5.4.3 In-the-ear hearing aids grafts market estimates and forecasts, by technology, 2017-2030 (USD Million)
5.5 Receiver-in-the-Ear Hearing Aids
5.5.1 Receiver-in-the-ear hearing aids market estimates and forecasts, 2017-2030 (USD Million)
5.5.2 Receiver-in-the-ear hearing aids market estimates and forecasts, 2017-2030 (‘000 units)
5.5.3 Receiver-in-the-ear hearing aids market estimates and forecasts, by technology, 2017-2030 (USD Million)
5.6 Behind-the-Ear Hearing Aids
5.6.1 Behind-the-ear hearing aids market estimates and forecasts, 2017-2030 (USD Million)
5.6.2 Behind-the-ear hearing aids market estimates and forecasts, 2017-2030 (‘000 units)
5.6.3 Behind-the-ear hearing aids market estimates and forecasts, 2017-2030 by technology (USD Million)
5.7 Canal Hearing Aids
5.7.1 Canal hearing aids market estimates and forecasts, 2017-2030 (USD Million)
5.7.2 Canal hearing aids market estimates and forecasts, 2017-2030 (‘000 units)
5.7.3 Canal hearing aids market estimates and forecasts, 2017-2030 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, 2021 & 2030
6.3 Segment Dashboard
6.4 Digital Hearing Aids
6.4.1 Digital hearing aids market estimates and forecasts, 2017-2030 (USD Million)
6.4.2 Digital hearing aids market estimates and forecasts, 2017-2030 (‘000 units)
6.5 Analog Hearing Aids
6.5.1 Analog hearing aids market estimates and forecasts, 2017-2030 (USD Million)
6.5.2 Analog hearing aids market estimates and forecasts, 2017-2030 (‘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, 2021 & 2030
7.3 Segment Dashboard
7.4 Retail Sales
7.4.1 Retail sales market estimates and forecasts, 2017-2030 (USD Million)
7.5 Government Purchases
7.5.1 Government purchases market estimates and forecasts, 2017-2030 (USD Million)
7.6 E-Commerce
7.6.1 E-Commerce market estimates and forecasts, 2017-2030 (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, 2021
8.2.1 North America
8.2.2 Europe
8.2.3 Asia Pacific
8.2.4 Latin America
8.2.5 the 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 Pacific
8.3.4 Latin America
8.4.5 the Middle East & Africa
8.4 Market Size, & Forecasts, and Trend Analysis, 2017 to 2030
8.4.1 North America
8.4.1.1 Market estimates and forecasts, by product 2017-2030 (USD Million)
8.4.1.2 Market estimates and forecasts, by technology 2017-2030 (USD Million)
8.4.1.3 Market estimates and forecasts, by sales channel 2017-2030 (USD Million)
8.4.1.4 Market estimates and forecasts, 2017-2030 (‘000 units)
8.4.1.5 U.S.
8.4.1.5.1 Market estimates and forecasts, by product 2017-2030 (USD Million)
8.4.1.5.2 Market estimates and forecasts, by technology 2017-2030 (USD Million)
8.4.1.5.3 Market estimates and forecasts, by sales channel 2017-2030 (USD Million)
8.4.1.5.4 Market estimates and forecasts, 2017-2030 (‘000 units)
8.4.1.6 Canada
8.4.1.6.1 Market estimates and forecasts, by product 2017-2030 (USD Million)
8.4.1.6.2 Market estimates and forecasts, by technology 2017-2030 (USD Million)
8.4.1.6.3 Market estimates and forecasts, by sales channel 2017-2030 (USD Million)
8.4.1.6.4 Market estimates and forecasts, 2017-2030 (‘000 units)
8.4.2 Europe
8.4.2.1 Market estimates and forecasts, by product 2017-2030 (USD Million)
8.4.2.2 Market estimates and forecasts, by technology 2017-2030 (USD Million)
8.4.2.3 Market estimates and forecasts, by sales channel 2017-2030 (USD Million)
8.4.2.4 Market estimates and forecasts, 2017-2030 (‘000 units)
8.4.2.5 U.K.
8.4.2.5.1 Market estimates and forecasts, by product 2017-2030 (USD Million)
8.4.2.5.2 Market estimates and forecasts, by technology 2017-2030 (USD Million)
8.4.2.5.3 Market estimates and forecasts, by sales channel 2017-2030 (USD Million)
8.4.2.5.4 Market estimates and forecasts, 2017-2030 (‘000 units)
8.4.2.6 Germany
8.4.2.6.1 Market estimates and forecasts, by product 2017-2030 (USD Million)
8.4.2.6.2 Market estimates and forecasts, by technology 2017-2030 (USD Million)
8.4.2.6.3 Market estimates and forecasts, by sales channel 2017-2030 (USD Million)
8.4.2.6.4 Market estimates and forecasts, 2017-2030 (‘000 units)
8.4.2.7 Spain
8.4.2.7.1 Market estimates and forecasts, by product 2017-2030 (USD Million)
8.4.2.7.2 Market estimates and forecasts, by technology 2017-2030 (USD Million)
8.4.2.7.3 Market estimates and forecasts, by sales channel 2017-2030 (USD Million)
8.4.2.7.4 Market estimates and forecasts, 2017-2030 (‘000 units)
8.4.2.8 France
8.4.2.8.1 Market estimates and forecasts, by product 2017-2030 (USD Million)
8.4.2.8.2 Market estimates and forecasts, by technology 2017-2030 (USD Million)
8.4.2.8.3 Market estimates and forecasts, by sales channel 2017-2030 (USD Million)
8.4.2.8.4 Market estimates and forecasts, 2017-2030 (‘000 units)
8.4.2.9 Italy
8.4.2.9.1 Market estimates and forecasts, by product 2017-2030 (USD Million)
8.4.2.9.2 Market estimates and forecasts, by technology 2017-2030 (USD Million)
8.4.2.9.3 Market estimates and forecasts, by sales channel 2017-2030 (USD Million)
8.4.2.9.4 Market estimates and forecasts, 2017-2030 (‘000 units)
8.4.2.10 Russia
8.4.2.10.1 Market estimates and forecasts, by product 2017-2030 (USD Million)
8.4.2.10.2 Market estimates and forecasts, by technology 2017-2030 (USD Million)
8.4.2.10.3 Market estimates and forecasts, by sales channel 2017-2030 (USD Million)
8.4.2.10.4 Market estimates and forecasts, 2017-2030 (‘000 units)
8.4.3 Asia Pacific
8.4.3.1 Market estimates and forecasts, by product 2017-2030 (USD Million)
8.4.3.2 Market estimates and forecasts, by technology 2017-2030 (USD Million)
8.4.3.3 Market estimates and forecasts, by sales channel 2017-2030 (USD Million)
8.4.3.4 Market estimates and forecasts, 2017-2030 (‘000 units)
8.4.3.5 China
8.4.3.5.1 Market estimates and forecasts, by product 2017-2030 (USD Million)
8.4.3.5.2 Market estimates and forecasts, by technology 2017-2030 (USD Million)
8.4.3.5.3 Market estimates and forecasts, by sales channel 2017-2030 (USD Million)
8.4.3.5.4 Market estimates and forecasts, 2017-2030 (‘000 units)
8.4.3.6 Japan
8.4.3.6.1 Market estimates and forecasts, by product 2017-2030 (USD Million)
8.4.3.6.2 Market estimates and forecasts, by application 2017-2030 (USD Million)
8.4.3.6.3 Market estimates and forecasts, by sales channel 2017-2030 (USD Million)
8.4.3.6.4 Market estimates and forecasts, 2017-2030 (‘000 units)
8.4.3.7 India
8.4.3.7.1 Market estimates and forecasts, by product 2017-2030 (USD Million)
8.4.3.7.2 Market estimates and forecasts, by technology 2017-2030 (USD Million)
8.4.3.7.3 Market estimates and forecasts, by sales channel 2017-2030 (USD Million)
8.4.3.7.4 Market estimates and forecasts, 2017-2030 (‘000 units)
8.4.3.8 South Korea
8.4.3.8.1 Market estimates and forecasts, by product 2017-2030 (USD Million)
8.4.3.8.2 Market estimates and forecasts, by technology 2017-2030 (USD Million)
8.4.3.8.3 Market estimates and forecasts, by sales channel 2017-2030 (USD Million)
8.4.3.8.4 Market estimates and forecasts, 2017-2030 (‘000 units)
8.4.3.9 Singapore
8.4.3.9.1 Market estimates and forecasts, by product 2017-2030 (USD Million)
8.4.3.9.2 Market estimates and forecasts, by technology 2017-2030 (USD Million)
8.4.3.9.3 Market estimates and forecasts, by sales channel 2017-2030 (USD Million)
8.4.3.9.4 Market estimates and forecasts, 2017-2030 (‘000 units)
8.4.3.10 Australia
8.4.3.10.1 Market estimates and forecasts, by product 2017-2030 (USD Million)
8.4.3.10.2 Market estimates and forecasts, by application 2017-2030 (USD Million)
8.4.3.10.3 Market estimates and forecasts, by sales channel 2017-2030 (USD Million)
8.4.3.10.4 Market estimates and forecasts, 2017-2030 (‘000 units)
8.4.4 Latin America
8.4.4.1 Market estimates and forecasts, by product 2017-2030 (USD Million)
8.4.4.2 Market estimates and forecasts, by technology 2017-2030 (USD Million)
8.4.4.3 Market estimates and forecasts, by sales channel 2017-2030 (USD Million)
8.4.4.4 Market estimates and forecasts, 2017-2030 (‘000 units)
8.4.4.5 Brazil
8.4.4.5.1 Market estimates and forecasts, by product 2017-2030 (USD Million)
8.4.4.5.2 Market estimates and forecasts, by technology 2017-2030 (USD Million)
8.4.4.5.3 Market estimates and forecasts, by sales channel 2017-2030 (USD Million)
8.4.4.5.4 Market estimates and forecasts, 2017-2030 (‘000 units)
8.4.4.6 Mexico
8.4.4.6.1 Market estimates and forecasts, by product 2017-2030 (USD Million)
8.4.4.6.2 Market estimates and forecasts, by technology 2017-2030 (USD Million)
8.4.4.6.3 Market estimates and forecasts, by sales channel 2017-2030 (USD Million)
8.4.4.6.4 Market estimates and forecasts, 2017-2030 (‘000 units)
8.4.4.7 Argentina
8.4.4.7.1 Market estimates and forecasts, by product 2017-2030 (USD Million)
8.4.4.7.2 Market estimates and forecasts, by technology 2017-2030 (USD Million)
8.4.4.7.3 Market estimates and forecasts, by sales channel 2017-2030 (USD Million)
8.4.4.7.4 Market estimates and forecasts, 2017-2030 (‘000 units)
8.4.5 Middle East & Africa (MEA)
8.4.5.1 Market estimates and forecasts, by product 2017-2030 (USD Million)
8.4.5.2 Market estimates and forecasts, by technology 2017-2030 (USD Million)
8.4.5.3 Market estimates and forecasts, by sales channel 2017-2030 (USD Million)
8.4.5.4 Market estimates and forecasts, 2017-2030 (‘000 units)
8.4.5.5 South Africa
8.4.5.5.1 Market estimates and forecasts, by product 2017-2030 (USD Million)
8.4.5.5.2 Market estimates and forecasts, by application 2017-2030 (USD Million)
8.4.5.5.3 Market estimates and forecasts, by sales channel 2017-2030 (USD Million)
8.4.5.5.4 Market estimates and forecasts, 2017-2030 (‘000 units)
8.4.5.6 Saudi Arabia
8.4.5.6.1 Market estimates and forecasts, by product 2017-2030 (USD Million)
8.4.5.6.2 Market estimates and forecasts, by technology 2017-2030 (USD Million)
8.4.5.6.3 Market estimates and forecasts, by sales channel 2017-2030 (USD Million)
8.4.5.6.4 Market estimates and forecasts, 2017-2030 (‘000 units)
8.4.5.7 UAE
8.4.5.7.1 Market estimates and forecasts, by product 2017-2030 (USD Million)
8.4.5.7.2 Market estimates and forecasts, by technology 2017-2030 (USD Million)
8.4.5.7.3 Market estimates and forecasts, by sales channel 2017-2030 (USD Million)
8.4.5.7.4 Market estimates and forecasts, 2017-2030 (‘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
Note: Product cover images may vary from those shown
  • Phonak
  • Benson Hearing
  • Gn Store Nord A/S
  • Starkey
  • Med-El
  • William Demant Holding A/S
  • Medtronic
  • Widex Usa, Inc.
  • Sivantos Pte. Ltd.
Note: Product cover images may vary from those shown

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