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Hearing Aids Market - Growth, Trends, and Forecasts (2020 - 2025)

  • ID: 5176072
  • Report
  • August 2020
  • Region: Global
  • 116 pages
  • Mordor Intelligence
until Dec 31st 2020

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  • Amplifon SpA
  • Cochlear Ltd
  • Demant AS
  • Eargo Inc.
  • Sonova Holding AG
  • Starkey Laboratories
  • MORE
The propelling factors for the growth of the hearing aids market include the rising prevalence of hearing loss, technological advancements in hearing aids, the rise in the global geriatric population, and growing trend for customized implants.
  • With the increasing aging population, there has been a rising prevalence of hearing loss. In the United States, hearing loss is more likely to be caused, owing to genetic defects. In developing countries, preventable medical issues are often the major factors for hearing loss, especially infections, such as rubella or syphilis, which can lead to congenital hearing loss. In addition, pregnancy complications also lead to hearing loss in infants. Thus, the increasing incidences of hearing disorders and hearing loss problems among the population have led to the sales of a large number of hearing devices in the market.
  • Growing noise pollution throughout the world has also a significant impact on the hearing abilities of people. Noise emission in heavy-duty industries, as well as public carnivals, is expected to damage the hearing capacity of adults, thereby resulting in the increasing demand for hearing aids devices.
  • There are various opportunities, like the incorporation of lithium-ion batteries in hearing aids, which help in propelling this market's growth. Furthermore, technological developments related to the products that combine cochlear implants and hearing aid technology to overcome the high-frequency hearing loss in patients, are also found creating new opportunities for the players in the market.
Key Market Trends

The Behind the Ear (BTE) Segment is Expected to Grow the Fastest Over the Forecast Period

The behind-the-ear hearing aid device segment held the largest market share, in terms of revenue, owing to better connectivity, high efficiency, and easy usage. It is also considered to be ideal for most people with hearing problems. BTE products, because of their wide range of applications and wider target patients, are expected to grow at a high rate over the forecast period.

The canal hearing aids segment is also likely to record a good CAGR during the forecast period, due to the growing demand for aesthetic and invisible appealing devices and the rising need for an enhanced listening experience.

Asia-Pacific Holds the Fastest Growth and is Expected to Follow the Same Trend Over the Forecast Period

The Asia-Pacific region is expected to experience the fastest growth rate for hearing aid devices over the forecast period. There are factors, such as high noise pollution levels in countries, such as India, China, and Japan, that have a major impact on the growth of this market. According to hearit.org, among people living in the Delhi area in India, the overall prevalence of hearing loss was 26.9% among persons aged 5 years and over, for 2019. Other contributing factors are a large patient pool, an upsurge in the aging population, and increasing healthcare infrastructure due to the involvement of private companies in research funding and services.

Competitive Landscape

The leading manufacturers of the hearing aids market are focused on market consolidation and expansion of their product portfolios. Due to the increased number of benefits, companies are also found focusing on providing advanced hearing aid devices with lithium-ion batteries.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Note: Product cover images may vary from those shown


  • Amplifon SpA
  • Cochlear Ltd
  • Demant AS
  • Eargo Inc.
  • Sonova Holding AG
  • Starkey Laboratories
  • MORE
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study



4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Burden of Hearing Loss
4.2.2 Technological Advancements in Hearing Aid Devices
4.2.3 Growing Awareness and Initiatives About Hearing Aid Devices
4.3 Market Restraints
4.3.1 High Cost of Hearing Aids Devices
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5.1 By Product Type
5.1.1 Behind the Ear (BTE)
5.1.2 Receiver in the Ear (RITE)/ Receiver in Canal (RIC)
5.1.3 In the Ear (ITE)
5.1.4 Completely-in canal (CIC)
5.1.5 Other Hearing Aid Devices
5.2 By Type of Hearing Loss
5.2.1 Sensorineural Hearing Loss
5.2.2 Conductive Hearing Loss
5.3 By Technology
5.3.1 Conventional Hearing Aids
5.3.2 Digital Hearing Aids
5.4 By Patient Type
5.4.1 Adults
5.4.2 Pediatrics/Children
5.5 Geography
5.5.1 North America United States Canada Mexico
5.5.2 Europe Germany United Kingdom France Italy Spain Rest of Europe
5.5.3 Asia-Pacific China Japan India Australia South Korea Rest of Asia-Pacific
5.5.4 Middle-East and Africa GCC South Africa Rest of Middle-East and Africa
5.5.5 South America Brazil Argentina Rest of South America

6.1 Company Profiles
6.1.1 Amplifon SpA
6.1.2 Audina Hearing Instruments, Inc.
6.1.3 Cochlear Ltd
6.1.4 Demant AS
6.1.5 Eargo Inc.
6.1.6 GN Hearing AS (GN Store Nord)
6.1.7 Horentek Hearing Diagnostics
6.1.8 SeboTek Hearing Systems LLC
6.1.9 Sivantos Group (WS Audiology)
6.1.10 Sonova Holding AG
6.1.11 Starkey Laboratories

Note: Product cover images may vary from those shown


  • Amplifon SpA
  • Audina Hearing Instruments, Inc.
  • Cochlear Ltd
  • Demant AS
  • Eargo Inc.
  • GN Hearing AS (GN Store Nord)
  • Horentek Hearing Diagnostics
  • SeboTek Hearing Systems LLC
  • Sivantos Group (WS Audiology)
  • Sonova Holding AG
  • Starkey Laboratories
Note: Product cover images may vary from those shown