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Global Hearing Aids Market 2020-2028

  • ID: 5010983
  • Report
  • April 2020
  • Region: Global
  • 132 pages
  • Triton Market Research
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FEATURED COMPANIES

  • Amplifon
  • Cochlear Ltd
  • GN Store Nord A/S
  • Med-El
  • Rion Co Ltd
  • Sonova
  • MORE
MARKET OUTLOOK

The publisher has predicted the global market for hearing aids to accelerate at a CAGR of 6.89% during the forecast period 2020-2028. The rising demand for hearing aids in emerging economies is driving the growth of this market. The geriatric population forms a huge consumer base for these products, as one’s hearing ability tends to decline with age. Besides, technological advancements in this field are aiding the market growth.

Also, lithium-ion batteries are increasingly being incorporated in hearing aid devices, which is expected to open up substantial growth opportunities for the market during the forecast period. Moreover, the growing incidence of hearing loss indicates that the large need for the development of these devices. The market growth is, however, being hindered due to the low awareness & adoption of hearing aids and the high costs associated with these devices. Besides, the lack of reimbursement provided for these devices affects the buyers’ decision, which is creating challenges for market growth.

REGIONAL OUTLOOK

The global hearing aids market covers the regions of North America, Latin America, Europe, the Asia-Pacific, and the Middle East and Africa.

The Europe market is estimated to grow at the fastest rate over the forecast period, accounting for the largest share of the overall market by 2028. The healthcare industry is the primary end-user of this market. The market for hearing aids in Europe is expected to showcase a positive growth trend owing to the supportive programs by the government raise awareness about hearing loss and minimize the intensity of this condition. The government in this region also provides reimbursement facilities to those buying these devices. Further, advancements in technology will also provide a major boost to the European market for hearing aids over the projected period.

COMPETITIVE OUTLOOK

The renowned players in this market include Microson, Amplifon, Starkey, Siemens AG, Sonova, Med-El, Audina Hearing Instruments Inc, Demant A/S, Cochlear Ltd, Horentek, SeboTek Hearing Systems LLC, Rion Co Ltd, Zounds Hearing, Arphi Electronics Pvt Ltd, and GN Store Nord A/S.

GN Store Nord A/S provides smart audio solutions. The company is engaged in manufacturing headsets, hearing instruments, and audiological diagnostics equipment. GN’s intelligent & innovative audio solutions are marketed by brands like Interton, Jabra ReSound in more than 100 countries across the globe. Founded in 1869, the company, today, employs more than 10,000 employees over the world. GN Store Nord has operations in Europe, North America, the Middle East, Asia-Pacific, Africa, and Latin America. In 2017, the company generated revenues worth $1.49 billion.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Amplifon
  • Cochlear Ltd
  • GN Store Nord A/S
  • Med-El
  • Rion Co Ltd
  • Sonova
  • MORE
1. Global Hearing Aids Market - Summary

2. Industry Outlook
2.1. Porter’s Five Forces Model
2.1.1. Threat of New Entrants
2.1.2. Threat of Substitute
2.1.3. Bargaining Power of Buyer
2.1.4. Bargaining Power of Supplier
2.1.5. Intensity of Competitive Rivalry
2.2. Supply Chain Analysis
2.3. Key Insight
2.4. Key Buying Criteria
2.5. Regulatory Framework
2.6. Market Attractiveness Index
2.7. Market Drivers
2.7.1. Potential For Hearing Aids in Emerging Economies
2.7.2. Advancement in Technology
2.7.3. Increasing Geriatric Population
2.8. Market Restraints
2.8.1. Low Penetration and Adoption of Hearing Aids
2.8.2. High Cost of Devices Associated With Hearing Aids
2.9. Market Opportunities
2.9.1. Adoption of Lithium-Ion Batteries
2.9.2. Growing Occurrence of Hearing Loss
2.10. Market Challenges
2.10.1. Lack of Reimbursement
2.10.2. Lack of Awareness

3. Hearing Aids Market Outlook - by Types of Hearing Loss
3.1. Sensorineural Hearing Loss
3.2. Conductive Hearing Loss

4. Hearing Aids Market Outlook - by Types of Patient
4.1. Adults
4.2. Pediatrics

5. Hearing Aids Market Outlook - by Product
5.1. Hearing Aid Devices
5.1.1. Receiver-In-The-Ear
5.1.2. Behind-The-Ear
5.1.3. Canal
5.1.3.1. Cic Hearing Aid Devices
5.1.3.2. Itc Hearing Aid Devices
5.1.3.3. Iic Hearing Aid Devices
5.1.4. In-The-Ear
5.1.5. Other Hearing Devices
5.2. Hearing Implants
5.2.1. Cochlear Implants
5.2.2. Bone-Anchored Systems

6. Hearing Aids Market – Regional Outlook
6.1. North America
6.1.1. Market by Types of Hearing Loss
6.1.2. Market by Types of Patient
6.1.3. Market by Product
6.1.4. Country Analysis
6.1.4.1. The United States
6.1.4.2. Canada
6.2. Europe
6.2.1. Market by Types of Hearing Loss
6.2.2. Market by Types of Patient
6.2.3. Market by Product
6.2.4. Country Analysis
6.2.4.1. The United Kingdom
6.2.4.2. France
6.2.4.3. Germany
6.2.4.4. Spain
6.2.4.5. Italy
6.2.4.6. Russia
6.2.4.7. Rest of Europe
6.3. Asia-Pacific
6.3.1. Market by Types of Hearing Loss
6.3.2. Market by Types of Patient
6.3.3. Market by Product
6.3.4. Country Analysis
6.3.4.1. China
6.3.4.2. India
6.3.4.3. Japan
6.3.4.4. Australia & New Zealand
6.3.4.5. South Korea
6.3.4.6. Asean Countries
6.3.4.7. Rest of Apac
6.4. Latin America
6.4.1. Market by Types of Hearing Loss
6.4.2. Market by Types of Patient
6.4.3. Market by Product
6.4.4. Country Analysis
6.4.4.1. Brazil
6.4.4.2. Mexico
6.4.4.3. Rest of Latin America
6.5. Middle East and Africa
6.5.1. Market by Types of Hearing Loss
6.5.2. Market by Types of Patient
6.5.3. Market by Product
6.5.4. Country Analysis
6.5.4.1. Saudi Arabia
6.5.4.2. Turkey
6.5.4.3. United Arab Emirates
6.5.4.4. South Africa
6.5.4.5. Rest of Middle East & Africa

7. Company Profiles
7.1. Amplifon
7.2. Arphi Electronics Pvt Ltd
7.3. Audina Hearing Instruments Inc
7.4. Cochlear Ltd
7.5. GN Store Nord A/S
7.6. Horentek
7.7. Med-El
7.8. Microson
7.9. Rion Co Ltd
7.10. Sebotek Hearing Systems Llc
7.11. Siemens AG
7.12. Sonova
7.13. Starkey
7.14. Demant A/S
7.15. Zounds Hearing

8. Research Methodology & Scope
8.1. Research Scope & Deliverables
8.1.1. Objectives of Study
8.1.2. Scope of Study
8.2. Sources of Data
8.2.1. Primary Data Sources
8.2.2. Secondary Data Sources
8.3. Research Methodology
8.3.1. Evaluation of Proposed Market
8.3.2. Identification of Data Sources
8.3.3. Assessment of Market Determinants
8.3.4. Data Collection
8.3.5. Data Validation & Analysis

List of Tables
Table 1 Global Hearing Aids Market, by Region, 2020-2028 ($ Million)
Table 2 Global Hearing Aids Market, by Types of Hearing Loss, 2020-2028 ($ Million)
Table 3 Global Hearing Aids Market, by Types of Patient, 2020-2028 ($ Million)
Table 4 Global Hearing Aids Market, by Products, 2020-2028 ($ Million)
Table 5 Global Hearing Aid Devices, by Types, 2020-2028 ($ Million)
Table 6 Global Canal Market, by Type, 2020-2028 ($ Million)
Table 7 Global Hearing Aids Market by Region 2020-2028 ($ Million)
Table 8 North America Hearing Aids Market, by Types of Hearing Loss, 2020-2028 ($ Million)
Table 9 North America Hearing Aids Market, by Types of Patient, 2020-2028 ($ Million)
Table 10 North America Hearing Aids Market, by Product, 2020-2028 ($ Million)
Table 11 North America Hearing Aids Market, by Country, 2020-2028 ($ Million)
Table 12 Europe Hearing Aids Market, by Types of Hearing Loss, 2020-2028 ($ Million)
Table 13 Europe Hearing Aids Market, by Types of Patient, 2020-2028 ($ Million)
Table 14 Europe Hearing Aids Market, by Product, 2020-2028 ($ Million)
Table 15 Europe Hearing Aids Market, by Country, 2020-2028 ($ Million)
Table 16 Asia-Pacific Hearing Aids Market, by Types of Hearing Loss, 2020-2028 ($ Million)
Table 17 Asia-Pacific Hearing Aids Market, by Types of Patient, 2020-2028 ($ Million)
Table 18 Asia-Pacific Hearing Aids Market, by Product, 2020-2028 ($ Million)
Table 19 Asia-Pacific Hearing Aids Market, by Country, 2020-2028 ($ Million)
Table 20 Rest of APAC Hearing Aids Market, by Patient Types, 2020-2028 ($ Million)
Table 21 Latin America Hearing Aids Market, by Types of Hearing Loss, 2020-2028 ($ Million)
Table 22 Latin America Hearing Aids Market, by Types of Patient, 2020-2028 ($ Million)
Table 23 Latin America Hearing Aids Market, by Product, 2020-2028 ($ Million)
Table 24 Latin America Hearing Aids Market, by Country, 2020-2028 ($ Million)
Table 25 Middle East and Africa Hearing Aids Market, by Types of Hearing Loss, 2020-2028 ($ Million)
Table 26 Middle East and Africa Hearing Aids Market, by Types of Patient, 2020-2028 ($ Million)
Table 27 Middle East and Africa Hearing Aids Market, by Product, 2020-2028 ($ Million)
Table 28 Middle East and Africa Hearing Aids Market, by Country, 2020-2028 ($ Million)

List of Figures
Figure 1 Global Hearing Aids Market 2020-2028 ($ Million)
Figure 2 Supply Chain Analysis in Hearing Aids Industry
Figure 3 Key Buying Criteria
Figure 4 Person Aged 60 Years Or Above by Region (Million)
Figure 5 Number of People With Hearing Loss in Different Region (Million)
Figure 6 Global Hearing Aids Market, by Sensorineural Hearing Loss, 2020-2028 ($ Million)
Figure 7 Global Hearing Aids Market, by Conductive Hearing Loss, 2020-2028 ($ Million)
Figure 8 Global Hearing Aids Market, by Adults, 2020-2028 ($ Million)
Figure 9 Global Hearing Aids Market, by Pediatrics, 2020-2028 ($ Million)
Figure 10 Global Hearing Aids Market, by Hearing Aid Devices, 2020-2028 ($ Million)
Figure 11 Global Hearing Aid Devices Market, by Receiver-In-The-Ear, 2020-2028 ($ Million)
Figure 12 Global Hearing Aid Devices Market, by Behind-The-Ear, 2020-2028 ($ Million)
Figure 13 Global Hearing Aid Devices Market, by Canal, 2020-2028 ($ Million)
Figure 14 Global Canal Market, by Cic Hearing Aid Devices, 2020-2028 ($ Million)
Figure 15 Global Canal Market, by Itc Hearing Aid Devices, 2020-2028 ($ Million)
Figure 16 Global Canal Market, by Iic Hearing Aid Devices, 2020-2028 ($ Million)
Figure 17 Global Hearing Aid Devices Market, by In-The-Ear, 2020-2028 ($ Million)
Figure 18 Global Hearing Aid Devices Market, by Other Hearing Devices, 2020-2028 ($ Million)
Figure 19 Global Hearing Aids Market, by Hearing Implants, 2020-2028 ($ Million)
Figure 20 Global Hearing Implants Market, by Cochlear Implants, 2020-2028 ($ Million)
Figure 21 Global Hearing Implants Market, by Bone-Anchored Systems, 2020-2028 ($ Million)
Figure 22 The United States Hearing Aids Market 2020-2028 ($ Million)
Figure 23 Canada Hearing Aids Market 2020-2028 ($ Million)
Figure 24 The United Kingdom Hearing Aids Market 2020-2028 ($ Million)
Figure 25 France Hearing Aids Market 2020-2028 ($ Million)
Figure 26 Germany Hearing Aids Market 2020-2028 ($ Million)
Figure 27 Spain Hearing Aids Market 2020-2028 ($ Million)
Figure 28 Italy Hearing Aids Market 2020-2028 ($ Million)
Figure 29 Russia Hearing Aids Market 2020-2028 ($ Million)
Figure 30 Rest of Europe Hearing Aids Market 2020-2028 ($ Million)
Figure 31 China Hearing Aids Market 2020-2028 ($ Million)
Figure 32 India Hearing Aids Market 2020-2028 ($ Million)
Figure 33 Japan Hearing Aids Market 2020-2028 ($ Million)
Figure 34 Australia & New Zealand Hearing Aids Market 2020-2028 ($ Million)
Figure 35 South Korea Hearing Aids Market 2020-2028 ($ Million)
Figure 36 Asean Countries Hearing Aids Market 2020-2028 ($ Million)
Figure 37 Rest of APAC Hearing Aids Market 2020-2028 ($ Million)
Figure 38 Brazil Hearing Aids Market 2020-2028 ($ Million)
Figure 39 Mexico Hearing Aids Market 2020-2028 ($ Million)
Figure 40 Rest of Latin America Hearing Aids Market 2020-2028 ($ Million)
Figure 41 Saudi Arabia Hearing Aids Market 2020-2028 ($ Million)
Figure 42 Turkey Hearing Aids Market 2020-2028 ($ Million)
Figure 43 United Arab Emirates Hearing Aids Market 2020-2028 ($ Million)
Figure 44 South Africa Hearing Aids Market 2020-2028 ($ Million)
Figure 45 Rest of Middle East and Africa Hearing Aids Market 2020-2028 ($ Million)
Note: Product cover images may vary from those shown
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  • Amplifon
  • Arphi Electronics PVT Ltd
  • Audina Hearing Instruments Inc
  • Cochlear Ltd
  • GN Store Nord A/S
  • Horentek
  • Med-El
  • Microson
  • Rion Co Ltd
  • Sebotek Hearing Systems Llc
  • Siemens Ag
  • Sonova
  • Starkey
  • Demant A/S
  • Zounds Heari
Note: Product cover images may vary from those shown
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