Global Hearing Aids Market 2016-2020

  • ID: 3985302
  • Report
  • Region: Global
  • 86 pages
  • TechNavio
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FEATURED COMPANIES

  • Beltone
  • Eartone
  • MED-EL
  • Persona
  • Sonova
  • Union Hearing Aid Centre
  • MORE
About Hearing Aids

Technological advancements have led to the introduction of certain innovative products in the market. Battery-operated conventional devices have been replaced with advanced wireless hearing aid devices. The rise in prevalent cases of hearing loss and the transition in demographics have contributed to the increased use of hearing aids.

The analysts forecast the global hearing aids market to grow at a CAGR of 5.50% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global hearing aids market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales hearing aids that are used to provide assistance with hearing and other related problems.

The market is divided into the following segments based on geography:

- Americas
- APAC
- EMEA

The report, Global Hearing Aids Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- William Demant
- Sonova
- Cochlear
- MED-EL

Other prominent vendors
- Beltone
- Eartone
- GN ReSound
- Medtechnica Orthophone
- Miracle Hearing Aid Clinic
- Persona
- Shenzhen Sunsky Technology
- Siemens Healthcare
- Starkey Hearing Aids
- Union Hearing Aid Centre

Market drivers
- Rising incidence rate of hearing loss
- For a full, detailed list, view the full report

Market challenges
- Battery challenges and decibel adjustments hindering adoption
- For a full, detailed list, view the full report

Market trends
- IT application enabled devices are the next big trend
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Beltone
  • Eartone
  • MED-EL
  • Persona
  • Sonova
  • Union Hearing Aid Centre
  • MORE
Part 01: Executive summary
  • Highlights
Part 02: Scope of the report
  • Market overview
  • Top-vendor offerings
Part 03: Market research methodology
  • Research methodology
  • Economic indicators
Part 04: Introduction
  • Key market highlights
Part 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
Part 06: Market segmentation by product
  • Hearing aid devices
  • Hearing implants
Part 07: Market segmentation by end-user
  • Hospitals
  • Clinics
  • Individuals
Part 08: Geographical segmentation
  • Hearing aids market in Americas
  • Hearing aids market in EMEA
  • Hearing aids market in APAC
Part 09: Market drivers
  • Rising incidence rate of hearing loss
  • Increased use of binaural fittings
  • Rise in the number of hearing impairment and related disorders
Part 10: Impact of drivers

Part 11: Market challenges
  • Battery challenges and decibel adjustments hindering adoption
  • Heterogeneous reimbursement policy restrictions for different age groups
  • High procedure cost for hearing implants
Part 12: Impact of drivers and challenges

Part 13: Market trends
  • IT application enabled devices are the next big trend
  • 3D printing technology aids in the customization of new devices
  • Increasing demand for direct services
Part 14: Vendor landscape
  • Competitive scenario
Part 15: Key vendor analysis
  • Geographic presence: Key vendor analysis
  • William Demant
  • Sonova
  • Cochlear
  • MED-EL
  • Other prominent vendors
  • Key news
Part 16: Appendix
  • List of abbreviations
Part 17: About the Author

List of Exhibits

Exhibit 01: Product offerings
Exhibit 02: Comparison of product features between hearing aids and hearing implants
Exhibit 03: Global hearing aids market segmentation
Exhibit 04: Impact assessment of global hearing aids market
Exhibit 05: Global hearing aids market 2015-2020 ($ billions)
Exhibit 06: Government guidelines and support in developed countries
Exhibit 07: Five forces analysis
Exhibit 08: Global hearing aids market by product 2015
Exhibit 09: Global hearing aids market by product 2020
Exhibit 10: Features and benefits of hearing aid devices: Market impact
Exhibit 11: Hearing aid devices: Market overview
Exhibit 12: Global hearing aid devices market 2015
Exhibit 13: Global hearing aid devices market: Metrics analysis
Exhibit 14: Global hearing aid devices market 2015-2020 ($ billions)
Exhibit 15: Factors affecting the hearing aid devices market
Exhibit 16: Global hearing implants: Market segmentation
Exhibit 17: Global hearing implant market by implant type 2015
Exhibit 18: Global hearing implants market overview
Exhibit 19: Global hearing implant market 2015-2020 ($ billions)
Exhibit 20: Factors affecting the hearing implants market
Exhibit 21: Global hearing aids market by end-user 2015
Exhibit 22: Global hearing aids market 2015
Exhibit 23: Global hearing aids market 2020
Exhibit 24: Americas: Market overview of hearing aids
Exhibit 25: Key takeaway: Hearing aids market in US
Exhibit 26: Hearing aids market in Americas 2015-2020 ($ billions)
Exhibit 27: Americas: Market metrics in various countries
Exhibit 28: EMEA: Market overview of hearing aids market
Exhibit 29: Key takeaway: Hearing aids market in the UK
Exhibit 30: Hearing aids market in EMEA 2015-2020 ($ billions)
Exhibit 31: EMEA: Market metrics in various countries
Exhibit 32: Market overview of hearing aids
Exhibit 33: Hearing aids market in APAC 2015-2020 ($ billions)
Exhibit 34: APAC: Market metrics in various countries
Exhibit 35: Growth drivers and unmet market needs: Monaural and binaural hearing aids
Exhibit 36: Future outlook: Reasons for the rise in professionals
Exhibit 37: Impact of drivers
Exhibit 38: Growth drivers and unmet market needs of hearing aid devices
Exhibit 39: Reimbursement benefits and drawbacks of hearing aids
Exhibit 40: Services and cost comparison for hearing impairment
Exhibit 41: Impact of drivers and challenges
Exhibit 42: New technology and product line in hearing aid devices
Exhibit 43: Competitive structure analysis of global hearing aids market 2015
Exhibit 44: Competitive landscape analysis of global hearing aids market
Exhibit 45: Global market penetration of various hearing aids manufacturers (2015)
Exhibit 46: Strategic success factors of companies in global hearing aids market
Exhibit 47: Regional analysis of key vendors
Exhibit 48: William Demant: Profile
Exhibit 49: William Demant: Strength analysis
Exhibit 50: William Demant; Growth strategy matrix
Exhibit 51: William Demant: Opportunity assessment
Exhibit 52: Sonova: Profile
Exhibit 53: Sonova: Strength analysis
Exhibit 54: Sonova: Growth strategy matrix
Exhibit 55: Sonova: Opportunity assessment
Exhibit 56: Cochlear: Profile
Exhibit 57: Cochlear: Strength analysis
Exhibit 58: Cochlear: Growth strategy matrix
Exhibit 59: Cochlear Limited: Opportunity assessment
Exhibit 60: MED-EL: Profile
Exhibit 61: MED-EL: Strength analysis
Exhibit 62: MED-EL: Growth strategy matrix
Exhibit 63: MED-EL: Growth opportunity assessment
Exhibit 64: Other prominent vendors: Global hearing aids market
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Beltone
  • Eartone
  • MED-EL
  • Persona
  • Sonova
  • Union Hearing Aid Centre
  • MORE
New Report Released: - Global Hearing Aids Market 2016-2020

The author of the report recognizes the following companies as the key players in the global hearing aids market: William Demant, Sonova, Cochlear, and MED-EL.

Other Prominent Vendors in the market are: Beltone, Eartone, GN ReSound, Medtechnica Orthophone, Miracle Hearing Aid Clinic, Persona, Shenzhen Sunsky Technology, Siemens Healthcare, Starkey Hearing Aids, and Union Hearing Aid Centre.

Commenting on the report, an analyst from the research team said: “With the advancement in the technology, the market of hearing aid devices has seen a transformation. The new technologies have been helpful in diagnosis and treatment, and can help in improving the quality of life and communication in the patients. The hearing aid devices are developed and modified to keep the patients in sync with the latest IT powered world.”

According to the report, patients who suffer from bilateral hearing loss (i.e., suffering from hearing loss in both the ears) are recommended the use of binaural fittings. These binaural hearing aids result in natural hearing for the individual. These devices are associated with numerous advantages in comparison with single hearing aid devices. These binaural devices help with better sound hearing from all directions. These devices help in speech recognition in noisy environments.

Further, the report states that some technical and consumer challenges have been reported according to studies. With these electronic hearing aid devices, the battery has been one of the major points of concern in most brands.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • William Demant
  • Sonova
  • Cochlear
  • MED-EL
  • Beltone
  • Eartone
  • GN ReSound
  • Medtechnica Orthophone
  • Miracle Hearing Aid Clinic
  • Persona
  • Shenzhen Sunsky Technology
  • Siemens Healthcare
  • Starkey Hearing Aids
  • Union Hearing Aid Centre
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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