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Hearing Care Devices Market by Product, Type of Hearing Loss, and End User - Global Opportunity Analysis and Industry Forecast, 2017-2023

  • ID: 4612676
  • Report
  • Region: Global
  • 150 pages
  • Allied Analytics LLP
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Hearing care devices restore hearing function in patients suffering from hearing impairment. Some of these devices (mainly implants) could even restore hearing function in profoundly deaf individuals.

High incidence of hearing disorders, new technological advancements in hearing systems, growth in geriatric population, and increase in binaural fitting rate are expected to drive the global hearing care devices market. However, high cost of the devices and rise in drop-out rate of the patients are expected to impede the market growth. The growth opportunities in emerging countries of Asia-Pacific and LAMEA are expected to provide numerous opportunities for the market growth during the forecast period.

The report segments the market based on product, type of hearing loss, end user, and region. Based on product, it is divided into hearing aids and hearing implants. Hearing aids are further bifurcated into analog- and digital hearing aids on the basis of technology. On the basis of type, these are classified into behind-the-ear (BTE) aids, in-the-ear aids, and receiver-in-the-ear (RITE), and canal hearing aids. On the basis of hearing loss, hearing care devices are bifurcated into sensorineural and conductive hearing loss. The end-user segment is categorized into hospitals & clinics, home settings, and ambulatory surgical centers (ASCs). Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global hearing care devices market is highly competitive and is lucrative in nature. The key market players have adopted various developmental strategies, such as product launch and approval, strategic acquisitions, and mergers to strengthen their market position.

KEY BENEFITS FOR STAKEHOLDERS

The study provides an in-depth analysis of the market with current trends and future estimations to elucidate the imminent investment pockets.
It offers a quantitative analysis from 2016 to 2023, to enable the stakeholders capitalize on the prevailing market opportunities.
Extensive analysis by product helps to understand the various types of devices used for the treatment of hearing loss.
Comprehensive analysis of all geographical regions is provided, which helps determine the prevailing opportunities.
Key players are profiled and their strategies are analyzed thoroughly, which elucidates the competitive outlook of the global market.

Hearing Care Devices Market key Segments:

By Product

Hearing Aids
By Type
Behind-the-Ear (BTE) Aids
In-the-Ear Aids
Receiver-in-the-Ear (RITE)
Canal Hearing Aids
By Technology
Analog Hearing Aids
Digital Hearing Aids
Hearing Implants
Cochlear Implants
Bone-Anchored Hearing Systems (BAHS)
Auditory Brainstem Implants
Middle Ear Implants

By Type of Hearing Loss

Sensorineural Hearing Loss
Conductive Hearing Loss

By End User

Hospitals & Clinics
Home Settings
Ambulatory Surgical Centers (ASCs)

By Region

North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
Rest of LAMEA

The major companies profiled in the report include

American Hearing Aids
Amplifon
Cochlear Ltd.
GN Store Nord A/S
IntriCon Corporation
MED-EL
Sivantos Pte. Ltd.
Sonova
Starkey
WIDEX USA, INC.
William Demant Holding A/S
Note: Product cover images may vary from those shown
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CHAPTER 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY
2.1. KEY FINDINGS OF THE STUDY
2.2. CXO PERSPECTIVE

CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.2.2.1. Competitive intelligence of companies and their strategies
3.3. MARKET SHARE ANALYSIS, 2016
3.4. MARKET DYNAMICS
3.4.1. Drivers
3.4.1.1. Growing incidence of hearing disorders
3.4.1.2. Technological advancements
3.4.1.3. Growing geriatric population
3.4.1.4. Increasing binaural fitting rate
3.4.2. Restraints
3.4.2.1. High cost of devices
3.4.2.2. Increasing drop-out rates
3.4.3. Opportunities
3.4.3.1. Lucrative opportunities in the emerging economies
3.4.3.2. Increasing penetration rate
3.4.4. Impact analysis
3.5. CLINICAL TRIALS

CHAPTER 4 GLOBAL HEARING CARE DEVICES MARKET, BY PRODUCT
4.1. OVERVIEW
4.1.1. Market size and forecast
4.2. HEARING AIDS
4.2.1. Key market trends
4.2.2. Growth factors and opportunities
4.2.3. Market size and forecast
4.2.4. By type
4.2.4.1. Behind-the-ear (BTE) aids
4.2.4.1.1. Market size and forecast
4.2.4.2. In-the-ear aids
4.2.4.2.1. Market size and forecast
4.2.4.3. Receiver-in-the-ear (RITE)
4.2.4.3.1. Market size and forecast
4.2.4.4. Canal hearing aids
4.2.4.4.1. Market size and forecast
4.2.5. By technology
4.2.5.1. Analog hearing aids
4.2.5.1.1. Market size and forecast
4.2.5.2. Digital hearing aids
4.2.5.2.1. Market size and forecast
4.3. HEARING IMPLANTS
4.3.1. Key market trends
4.3.2. Growth factors and opportunities
4.3.3. Market trends and forecast
4.3.4. Cochlear implants
4.3.4.1. Market size and forecast
4.3.5. Bone-anchored hearing systems (BAHS)
4.3.5.1. Market size and forecast
4.3.6. Auditory brainstem implants
4.3.6.1. Market size and forecast
4.3.7. Middle ear implants
4.3.7.1. Market size and forecast

CHAPTER 5 GLOBAL HEARING CARE DEVICES MARKET, BY TYPE OF HEARING LOSS
5.1. OVERVIEW
5.1.1. Market size and forecast
5.2. CONDUCTIVE HEARING LOSS
5.2.1. Market size and forecast
5.3. SENSORINEURAL HEARING LOSS
5.3.1. Market size and forecast

CHAPTER 6 GLOBAL HEARING CARE DEVICES MARKET, BY END USER
6.1. OVERVIEW
6.1.1. Market size and forecast
6.2. HOSPITALS & CLINICS
6.2.1. Market size and forecast
6.3. HOME-USE
6.3.1. Market size and forecast
6.4. AMBULATORY SURGICAL CENTERS (ASCS)
6.4.1. Market size and forecast

CHAPTER 7 GLOBAL HEARING CARE DEVICES MARKET, BY REGION
7.1. OVERVIEW
7.1.1. Market size and forecast
7.2. NORTH AMERICA
7.2.1. Key market trends
7.2.2. Key growth factors and opportunities
7.2.3. Market size and forecast
7.2.4. Canada
7.2.5. Mexico
7.3. EUROPE
7.3.1. Key market trends
7.3.2. Key growth factors and opportunities
7.3.3. Market size and forecast
7.3.4. Germany
7.3.5. France
7.3.6. UK
7.3.7. Italy
7.3.8. Spain
7.3.9. Rest of Europe
7.4. ASIA-PACIFIC
7.4.1. Key market trends
7.4.2. Key growth factors and opportunities
7.4.3. Market size and forecast
7.4.4. Japan
7.4.5. China
7.4.6. India
7.4.7. South Korea
7.4.8. Australia
7.4.9. Rest of Asia-Pacific
7.5. LAMEA
7.5.1. Key market trends
7.5.2. Key growth factors and opportunities
7.5.3. Market size and forecast
7.5.4. Brazil
7.5.5. South Africa
7.5.6. Saudi Arabia
7.5.7. Rest of LAMEA

CHAPTER 8 COMPANY PROFILES
8.1. AMERICAN HEARING AIDS
8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Operating business segments
8.1.4. Business performance
8.1.5. Key strategic moves and developments
8.1.6. Strategy share (%)
8.2. AMPLIFON
8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Business performance
8.2.5. Key strategic moves and developments
8.2.6. Strategy share (%)
8.3. COCHLEAR LTD.
8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.3.4. Business performance
8.3.5. Key strategic moves and developments
8.3.6. Strategy share (%)
8.4. GN STORE NORD A/S
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.4.4. Business performance
8.4.5. Key strategic moves and developments
8.4.6. Strategy share (%)
8.5. INTRICON CORPORATION
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Business performance
8.5.5. Key strategic moves and developments
8.5.6. Strategy share (%)
8.6. MED-EL
8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Operating business segments
8.6.4. Business performance
8.6.5. Key strategic moves and developments
8.6.6. Strategy share (%)
8.7. SIVANTOS PTE. LTD.
8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Business performance
8.7.5. Key strategic moves and developments
8.7.6. Strategy share (%)
8.8. SONOVA
8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.8.4. Business performance
8.8.5. Key strategic moves and developments
8.8.6. Strategy share (%)
8.9. STARKEY
8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Operating business segments
8.9.4. Business performance
8.9.5. Key strategic moves and developments
8.9.6. Strategy share (%)
8.10. WIDEX USA, INC.
8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Operating business segments
8.10.4. Business performance
8.10.5. Key strategic moves and developments
8.10.6. Strategy share (%)
8.11. WILLIAM DEMANT HOLDING A/S
8.11.1. Company overview
8.11.2. Company snapshot
8.11.3. Operating business segments
8.11.4. Business performance
8.11.5. Key strategic moves and developments
8.11.6. Strategy share (%)
Note: Product cover images may vary from those shown
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Hearing Care Devices Market Report, projects that the global market was valued at $ 6,423 million in 2016, and is projected to reach at $9,729 million by 2023, growing at a CAGR of 6.1% from 2017 to 2023. The hearing aids segment accounted for more than two-thirds share of the total market in 2016.

Hearing care devices restore hearing function in patients suffering from hearing impairment. The market has witnessed significant growth in the recent past due to development of new types of hearing aids and implants.

Growth in geriatric population susceptible to hearing disorders, rise in prevalence of hearing loss, and increase in biural fitting rate are expected to drive the market growth. Moreover, rise in adoption of technically advanced hearing care devices, such as cochlear implants supplement the market growth. However, high cost of the devices and surge in drop-out rates of the patients are expected to hamper the market growth.

The hearing aids segment is expected to domite the market during the alysis period, owing to its advantages, such as incorporated computerized electroacoustic systems, which transform the surrounding sound waves into digital sigls and thus increase audibility.

The home care settings segment, generated the highest revenue, accounting for nearly two-thirds of the global market in 2016. Conversely, the ambulatory surgical segment is expected to grow at the highest CAGR of 11.4% during the forecast period.

Key findings of the Hearing Care Devices Market Study:

The hearing implants segment is expected to grow at a significant CAGR of 10.5%, owing to various benefits, such as used by patients uble to hear even after the employment of hearing aid.
The ambulatory surgical center segment is projected to grow at a CAGR of 11.4% during the forecast period.
The sensorineural hearing loss segment is expected to grow at a significant CAGR of 10.4%.
France and Germany collectively contributed for more than one-third share of the European hearing care devices market in 2016.
Japan is the major shareholder, accounting for almost one-fourth share of the Asia-Pacific hearing care devices market in 2016.

Asia-Pacific is projected to grow at the highest CAGR of 7.0% during the forecast period, owing to improvement in healthcare infrastructures and rise in expenditures in the emerging markets (such as India and Chi) to cater to the unmet medical needs. Technological advancements to develop cost-effective devices offer lucrative opportunities for the market growth.

The major companies profiled in the report include are American Hearing Aids, Amplifon, Cochlear Ltd., GN Store Nord A/S, IntriCon Corporation, MED-EL, Sivantos Pte. Ltd., Sonova, Starkey, and William Demant Holding A/S.
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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