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Global Hearing Aids Market by Product Type [Aids (Receiver, Behind the Ear, In the Canal, In the Ear Aids), Implants (Cochlear, Bone-anchored)], Type of Hearing Loss (Sensorineural, Conductive), Patient Type (Adults, Pediatrics), and Region - Forecast to 2026

  • ID: 5398200
  • Report
  • July 2021
  • Region: Global
  • 230 Pages
  • Markets and Markets

FEATURED COMPANIES

  • Audifon GmbH & Co. KG
  • Demant A/S
  • Earlens Corporation
  • GN Store Nord A/S
  • LORECas.R.O.
  • Nano Hearing Aids

The global hearing aids market is projected to reach USD 10.2 billion by 2026 from USD 7.5 billion in 2021, at a CAGR of 6.4% during the forecast period.


Market growth is driven by factors such as the increasing adoption of smart hearing aids due to the rising incidence of noise-induced hearing loss, the growing prevalence of hearing loss, and technological advancements in hearing aids. On the other hand, the high cost of hearing aids and the requirement of high capital investments are the major factors hampering the growth of this market.



The hearing implants segment accounted for the highest growth rate in the hearing aids market, by product, during the forecast period

The hearing aids market is segmented into hearing aid devices and hearing implants based on product. In 2020, the hearing implants segment accounted for the highest growth rate in the hearing aids market. The high incidence of hearing disorders, technological advancements in hearing implants, and growth in the geriatric population are the major factors contributing to the growth of this segment. However, the high cost of these implants and the low awareness about hearing implants in emerging countries are some of the major factors that are hindering the growth of this market segment.


Sensorineural hearing loss segment accounted for the highest CAGR

Based on the type of hearing loss, the hearing aids market is segmented into sensorineural hearing loss and conductive hearing loss. In 2020, the sensorineural hearing loss segment accounted for the highest growth rate. This can be attributed to the high prevalence of sensorineural hearing loss, coupled with the growing geriatric patient pool.


Asia Pacific: The fastest-growing region hearing aids market

The global hearing aids market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific region is projected to register the highest CAGR during the forecast period. Factors such as the increasing prevalence of hearing loss, increasing healthcare spending, growing per capita income, and the presence of several high-growth markets are driving the growth of the hearing aids market in this region. The low labor costs and the favorable regulatory environment in this region are also expected to propel the market growth.


Research Coverage

This report provides a detailed picture of the global hearing aids market. It aims at estimating the size and future growth potential of the market across different segments, such as product, type of hearing loss, patient type, and region. The report also includes an in-depth competitive analysis of the key market players, along with their company profiles, recent developments, and key market strategies.


Lists of Companies Profiled


  • Sonova Group (Switzerland)
  • Demant A/S (Denmark)
  • GN Store Nord A/S (Denmark)
  • Cochlear Ltd. (Australia)
  • RION Co. Ltd. (Japan)
  • Starkey (US)
  • Nurotron Biotechnology Co. Ltd. (China)
  • MED-EL (Austria)
  • Audina Hearing Instruments, Inc. (US)
  • ElkonPvt. Ltd. (India)
  • WS Audiology A/S (Denmark)
  • Eargo, Inc. (US)
  • Horentek (Italy)
  • ZOUNDS Hearing Inc. (US)
  • SeboTek Hearing Systems, LLC. (US)
  • Arphi Electronics Private Limited (India)
  • IN4 Technology Corporation (China)
  • BHM-Tech Produktionsgesellschaft MbH (Austria)
  • Nano Hearing Aids (US)
  • LORECas.r.o. (Turkey)
  • Earlens Corporation (US)
  • Austar Hearing Science and Technology (Xiamen) Co. Ltd. (China)
  • Lively Hearing Corporation (US)
  • audifon GmbH & Co. KG (Germany)
  • Foshan Vohom Technology Co. Ltd. (China)

The primary interviews conducted for this report can be categorized as follows:


  • By Company Type: Tier 1 - 40%, Tier 2 - 30%, and Tier 3 -30%
  • By Designation: C-level - 27%, D-level - 18%, and Others - 55%
  • By Region: North America -51%, Europe - 21%, Asia Pacific - 18%, Latin America - 6%, and the Middle East & Africa - 4%

Key Benefits of Buying the Report


The report will help market leaders/new entrants by providing them with the closest approximations of the revenue numbers for the overall hearing aids market and its subsegments. It will also help stakeholders better understand the competitive landscape and gain more insights to better position their business and make suitable go-to-market strategies. This report will enable stakeholders to understand the market's pulse and provide them with information on the key market drivers, restraints, opportunities, and challenges.


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 $7.5 Billion in 2021.

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

The growth rate of the Global Hearing Aids Market is 6.4%, with an estimated value of $10.2 Billion by 2026.

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

The Global Hearing Aids Market is estimated to be worth $10.2 Billion by 2026.

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

Key companies in the Global Hearing Aids Market include Arphi Electronics Private Limited, Audifon GmbH & Co. KG, Audina Hearing Instruments, Inc., Austar Hearing Science and Technology (Xiamen) Co. Ltd., BHM, Tech Produktionsgesellschaft MbH, Cochlear Ltd., Demant A/S and Earlens Corporation.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Audifon GmbH & Co. KG
  • Demant A/S
  • Earlens Corporation
  • GN Store Nord A/S
  • LORECas.R.O.
  • Nano Hearing Aids

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.2.1 Inclusions & Exclusions of the Study
1.2.2 Markets Covered
Figure 1 Hearing Aids Market Segmentation
1.2.3 Years Considered for the Study
1.3 Currency
1.4 Limitations
1.5 Stakeholders
1.6 Summary of Changes


2 Research Methodology
2.1 Research Data
2.2 Research Approach
Figure 2 Hearing Aids Market: Research Design
2.2.1 Secondary Data
2.2.1.1 Key Data from Secondary Sources
2.2.2 Primary Data
2.2.2.1 Primary Sources
2.2.2.2 Key Data from Primary Sources
2.2.2.3 Key Industry Insights
2.2.2.4 Breakdown of Primary Interviews
Figure 3 Breakdown of Primary Interviews: Supply-Side and Demand-Side Participants (Hearing Aids Market)
Figure 4 Breakdown of Primary Interviews: by Company Type, Designation, and Region
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.1.1 Approach 1: Company Revenue Estimation Approach
Figure 5 Bottom-Up Approach: Company Revenue Estimation Approach
2.3.1.2 Approach 2: Market Estimation from the Parent Market
Figure 6 Bottom-Up Approach: Market Estimation from the Parent Market
2.3.1.3 Approach 3: Presentations of Companies and Primary Interviews
2.3.1.4 Growth Rate Assumptions
2.3.1.5 CAGR Projections
Figure 7 CAGR Projections: Supply-Side Analysis
2.3.2 Top-Down Approach
Figure 8 Hearing Aids Market: Top-Down Approach
2.4 Market Breakdown & Data Triangulation
Figure 9 Data Triangulation Methodology
2.5 Assumptions for the Study
2.6 Limitations
2.7 Risk Assessment
Table 1 Risks Assessment
2.8 COVID-19 Health Assessment
2.9 COVID-19 Economic Assessment
Figure 10 Recovery Scenario of the Global Economy
2.10 Assessment of the Impact of COVID-19 on the Hearing Aids Market


3 Executive Summary
Figure 11 Hearing Aids Market, by Product, 2021 vs. 2026 (USD Million)
Figure 12 Hearing Aids Market, by Type of Hearing Loss, 2021 vs. 2026 (USD Million)
Figure 13 Hearing Aids Market, by Patient Type, 2021 vs. 2026 (USD Million)
Figure 14 Hearing Aids Market, by Region, 2021 vs. 2026 (USD Million)


4 Premium Insights
4.1 Hearing Aids Market Overview
Figure 15 Rising Prevalence of Hearing Loss to Drive the Market Growth
4.2 Hearing Aids Market Share, by Product, 2021 vs. 2026
Figure 16 Hearing Aid Devices Segment Will Continue to Dominate the Market in 2026
4.3 Hearing Aids Market Share, by Type of Hearing Loss, 2021 vs. 2026
Figure 17 Sensorineural Hearing Loss Segment to Dominate the Market During the Forecast Period
4.4 Hearing Aids Market Share, by Patient Type, 2021 vs. 2026
Figure 18 Adult Patients Segment to Continue to Dominate the Market in 2026
4.5 Hearing Aids Market: Geographic Growth Opportunities
Figure 19 Asia-Pacific to Register the Highest Growth Rate in the Hearing Aids Market During the Forecast Period


5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 20 Hearing Aids Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Growing Prevalence of Hearing Loss
Figure 21 Estimated Number of People with Disabling Hearing Loss, Globally
Figure 22 Prevalence of Hearing Loss, by Region, 2019
5.2.1.1.1 Growth in the Geriatric Population
Figure 23 Share of the Global Population Aged 65 and Above (2015-2019)
5.2.1.2 Technological Advancements in Hearing Aids
5.2.1.3 Increasing Adoption of Smart Hearing Aids due to the Rising Incidence of Noise-Induced Hearing Loss
5.2.2 Restraints
5.2.2.1 High Cost of Hearing Aids
5.2.3 Opportunities
5.2.3.1 Emerging Markets Offer Lucrative Opportunities
5.2.4 Challenges
5.2.4.1 Shortage of Trained Professionals
5.3 Epidemiology Data on Hearing Loss and the Adoption of Hearing Aid Devices
Table 2 Global Number of People Suffering from Hearing Loss in 2020, by Age Group
Table 3 Global Number of People Suffering from Hearing Loss in 2020, by Age Group (10-Year Range)
Table 4 Global Number of People Using Hearing Aid Devices, by Age Group
5.4 Impact of COVID-19 on the Hearing Aids Market
5.5 Case Study Analysis
5.5.1 Case Study 1: Finding a New Way to Listen to Customers
5.5.2 Case Study 2: Effective Service Delivery Models and Regulations Can Improve Access to Hearing Aids
5.5.3 Case Study 3: Over-The-Counter Hearing Aid Delivery Can Improve Accessibility and Affordability
5.6 Pessimistic and Optimistic Scenarios
5.6.1 Hearing Aids Market
Figure 24 Pessimistic Scenario
Figure 25 Optimistic Scenario
5.7 Pricing Analysis
Table 5 Price of Hearing Aids (2021)
5.8 Patent Analysis
5.8.1 Patent Analysis of Cochlear Implants
5.9 Trade Analysis
5.9.1 Trade Analysis for Hearing Aids
Table 6 Import Data for Hearing Aids, by Country, 2016-2020 (USD Million)
Table 7 Export Data for Hearing Aids, by Country, 2016-2020 (USD Million)
5.10 Value Chain Analysis
Figure 26 Major Value is Added During the Manufacturing & Assembly Phase
5.10.1 Hearing Aid Devices Value Chain in the Private Sector
Table 8 Hearing Aid Devices Value Chain in the Private Sector
5.11 Supply Chain Analysis
Figure 27 Hearing Aids Market: Supply Chain Analysis
5.12 Ecosystem Analysis of the Hearing Aids Market
Figure 28 Hearing Aids Market: Ecosystem Analysis
5.12.1 Role in Ecosystem
5.13 Porter's Five Forces Analysis
Table 9 Hearing Aids Market: Porter's Five Forces Analysis
5.13.1 Threat of New Entrants
5.13.2 Threat of Substitutes
5.13.3 Bargaining Power of Buyers
5.13.4 Bargaining Power of Suppliers
5.13.5 Degree of Competition
5.14 Regulatory Landscape
5.14.1 North America
5.14.1.1 US
5.14.1.2 Canada
5.14.2 Europe
5.14.3 Asia-Pacific
5.14.3.1 Japan
5.14.3.2 India
5.14.4 Latin America
5.14.4.1 Brazil
5.14.4.2 Mexico
5.14.5 Middle East
5.15 Technology Analysis
5.16 Trends/Disruptions Impacting the Business of Customers
5.16.1 Revenue Sources are Shifting Toward More Technology-Based Solutions due to the COVID-19 Pandemic
5.16.2 Revenue Shift for the Hearing Aids Market


6 Hearing Aids Market, by Product
6.1 Introduction
Table 10 Hearing Aids Market, by Product, 2016-2019 (USD Million)
Table 11 Hearing Aids Market, by Product, 2020-2026 (USD Million)
6.2 Hearing Aid Devices
Table 12 Key Products in the Hearing Aid Devices Market
Table 13 Hearing Aid Devices Market, by Region, 2016-2019 (USD Million)
Table 14 Hearing Aid Devices Market, by Region, 2020-2026 (USD Million)
Table 15 Hearing Aid Devices Market, by Region, 2016-2019 (Million Units)
Table 16 Hearing Aid Devices Market, by Region, 2020-2026 (Million Units)
Table 17 North America: Hearing Aid Devices Market, by Country, 2016-2019 (Million Units)
Table 18 North America: Hearing Aid Devices Market, by Country, 2020-2026 (Million Units)
Table 19 Europe: Hearing Aid Devices Market, by Country, 2016-2019 (Million Units)
Table 20 Europe: Hearing Aid Devices Market, by Country, 2020-2026 (Million Units)
Table 21 APAC: Hearing Aid Devices Market, by Country, 2016-2019 (Million Units)
Table 22 APAC: Hearing Aid Devices Market, by Country, 2020-2026 (Million Units)
Table 23 Hearing Aid Devices Market, by Type, 2016-2019 (USD Million)
Table 24 Hearing Aid Devices Market, by Type, 2020-2026 (USD Million)
Table 25 Hearing Aid Devices Market, by Type, 2016-2019 (Million Units)
Table 26 Hearing Aid Devices Market, by Type, 2020-2026 (Million Units)
6.2.1 Receiver-In-The-Ear Hearing Aids
6.2.1.1 Rite Hearing Aid Devices are Suitable for the Treatment of Mild-To-Severe Hearing Loss
Table 27 Key Products in the Receiver-In-The-Ear Hearing Aids Market
Table 28 Receiver-In-The-Ear Hearing Aids Market, by Region, 2016-2019 (USD Million)
Table 29 Receiver-In-The-Ear Hearing Aids Market, by Region, 2020-2026 (USD Million)
Table 30 Europe: Receiver-In-The-Ear Hearing Aids Market, by Country, 2016-2019 (USD Million)
Table 31 Europe: Receiver-In-The-Ear Hearing Aids Market, by Country, 2020-2026 (USD Million)
Table 32 North America: Receiver-In-The-Ear Hearing Aids Market, by Country, 2016-2019 (USD Million)
Table 33 North America: Receiver-In-The-Ear Hearing Aids Market, by Country, 2020-2026 (USD Million)
Table 34 APAC: Receiver-In-The-Ear Hearing Aids Market, by Country, 2016-2019 (USD Million)
Table 35 APAC: Receiver-In-The-Ear Hearing Aids Market, by Country, 2020-2026 (USD Million)
6.2.2 Behind-The-Ear Hearing Aids
6.2.2.1 Low Cost of BTE Devices to Support the Market Growth
Table 36 Key Products in the Behind-The-Ear Hearing Aids Market
Table 37 Behind-The-Ear Hearing Aids Market, by Region, 2016-2019 (USD Million)
Table 38 Behind-The-Ear Hearing Aids Market, by Region, 2020-2026 (USD Million)
Table 39 APAC: Behind-The-Ear Hearing Aids Market, by Country, 2016-2019 (USD Million)
Table 40 APAC: Behind-The-Ear Hearing Aids Market, by Country, 2020-2026 (USD Million)
Table 41 North America: Behind-The-Ear Hearing Aids Market, by Country, 2016-2019 (USD Million)
Table 42 North America: Behind-The-Ear Hearing Aids Market, by Country, 2020-2026 (USD Million)
Table 43 Europe: Behind-The-Ear Hearing Aids Market, by Country, 2016-2019 (USD Million)
Table 44 Europe: Behind-The-Ear Hearing Aids Market, by Country, 2020-2026 (USD Million)
6.2.3 Canal Hearing Aids
6.2.3.1 Technological Advancements in Canal Hearing Aids to Propel Market Growth
Table 45 Key Products in the Canal Hearing Aids Market
Table 46 Canal Hearing Aids Market, by Region, 2016-2019 (USD Million)
Table 47 Canal Hearing Aids Market, by Region, 2020-2026 (USD Million)
Table 48 North America: Canal Hearing Aids Market, by Country, 2016-2019 (USD Million)
Table 49 North America: Canal Hearing Aids Market, by Country, 2020-2026 (USD Million)
Table 50 Europe: Canal Hearing Aids Market, by Country, 2016-2019 (USD Million)
Table 51 Europe: Canal Hearing Aids Market, by Country, 2020-2026 (USD Million)
Table 52 APAC: Canal Hearing Aids Market, by Country, 2016-2019 (USD Million)
Table 53 APAC: Canal Hearing Aids Market, by Country, 2020-2026 (USD Million)
6.2.4 In-The-Ear Hearing Aids
6.2.4.1 Longer Battery Life of ITE Hearing Devices to Support the Market Growth
Table 54 In-The-Ear Hearing Aids Market, by Region, 2016-2019 (USD Million)
Table 55 In-The-Ear Hearing Aids Market, by Region, 2020-2026 (USD Million)
Table 56 Europe: In-The-Ear Hearing Aids Market, by Country, 2016-2019 (USD Million)
Table 57 Europe: In-The-Ear Hearing Aids Market, by Country, 2020-2026 (USD Million)
Table 58 APAC: In-The-Ear Hearing Aids Market, by Country, 2016-2019 (USD Million)
Table 59 APAC: In-The-Ear Hearing Aids Market, by Country, 2020-2026 (USD Million)
Table 60 North America: In-The-Ear Hearing Aids Market, by Country, 2016-2019 (USD Million)
Table 61 North America: In-The-Ear Hearing Aids Market, by Country, 2020-2026 (USD Million)
6.2.5 Other Hearing Aid Devices
Table 62 Other Hearing Aid Devices Market, by Region, 2016-2019 (USD Million)
Table 63 Other Hearing Aid Devices Market, by Region, 2020-2026 (USD Million)
Table 64 Europe: Other Hearing Aid Devices Market, by Country, 2016-2019 (USD Million)
Table 65 Europe: Other Hearing Aid Devices Market, by Country, 2020-2026 (USD Million)
Table 66 North America: Other Hearing Aid Devices Market, by Country, 2016-2019 (USD Million)
Table 67 North America: Other Hearing Aid Devices Market, by Country, 2020-2026 (USD Million)
Table 68 APAC: Other Hearing Aid Devices Market, by Country, 2016-2019 (USD Million)
Table 69 APAC: Other Hearing Aid Devices Market, by Country, 2020-2026 (USD Million)
6.3 Hearing Implants
Table 70 Hearing Implants Market, by Region, 2016-2019 (USD Million)
Table 71 Hearing Implants Market, by Region, 2020-2026 (USD Million)
Table 72 Europe: Hearing Implants Market, by Country, 2016-2019 (USD Million)
Table 73 Europe: Hearing Implants Market, by Country, 2020-2026 (USD Million)
Table 74 North America: Hearing Implants Market, by Country, 2016-2019 (USD Million)
Table 75 North America: Hearing Implants Market, by Country, 2020-2026 (USD Million)
Table 76 APAC: Hearing Implants Market, by Country, 2016-2019 (USD Million)
Table 77 APAC: Hearing Implants Market, by Country, 2020-2026 (USD Million)
Table 78 Hearing Implants Market, by Type, 2016-2019 (USD Million)
Table 79 Hearing Implants Market, by Type, 2020-2026 (USD Million)
6.3.1 Cochlear Implants
6.3.1.1 Cochlear Implants Segment to Dominate the Hearing Implants Market
Table 80 Key Products in the Cochlear Implants Market
Table 81 Cochlear Implants Market, by Region, 2016-2019 (USD Million)
Table 82 Cochlear Implants Market, by Region, 2020-2026 (USD Million)
Table 83 Europe: Cochlear Implants Market, by Country, 2016-2019 (USD Million)
Table 84 Europe: Cochlear Implants Market, by Country, 2020-2026 (USD Million)
Table 85 North America: Cochlear Implants Market, by Country, 2016-2019 (USD Million)
Table 86 North America: Cochlear Implants Market, by Country, 2020-2026 (USD Million)
Table 87 APAC: Cochlear Implants Market, by Country, 2016-2019 (USD Million)
Table 88 APAC: Cochlear Implants Market, by Country, 2020-2026 (USD Million)
6.3.2 Bone-Anchored Systems
6.3.2.1 Baha Implants are Gaining Traction Among Children and Adults with Single-Sided Deafness and Conductive Hearing Loss
Table 89 Bone-Anchored Systems Market, by Region, 2016-2019 (USD Million)
Table 90 Bone-Anchored Systems Market, by Region, 2020-2026 (USD Million)
Table 91 Europe: Bone-Anchored Systems Market, by Country, 2016-2019 (USD Million)
Table 92 Europe: Bone-Anchored Systems Market, by Country, 2020-2026 (USD Million)
Table 93 North America: Bone-Anchored Systems Market, by Country, 2016-2019 (USD Million)
Table 94 North America: Bone-Anchored Systems Market, by Country, 2020-2026 (USD Million)
Table 95 APAC: Bone-Anchored Systems Market, by Country, 2016-2019 (USD Million)
Table 96 APAC: Bone-Anchored Systems Market, by Country, 2020-2026 (USD Million)


7 Hearing Aids Market, by Type of Hearing Loss
7.1 Introduction
Table 97 Hearing Aids Market, by Type of Hearing Loss, 2016-2019 (USD Million)
Table 98 Hearing Aids Market, by Type of Hearing Loss, 2020-2026 (USD Million)
7.2 Sensorineural Hearing Loss
7.2.1 Growing Geriatric Patient Pool to Support the Growth of this Market Segment
7.2.1.1 Primary Notes
7.2.1.1.1 Key Industry Insights
Table 99 Hearing Aids Market for Sensorineural Hearing Loss, by Region, 2016-2019 (USD Million)
Table 100 Hearing Aids Market for Sensorineural Hearing Loss, by Region, 2020-2026 (USD Million)
7.3 Conductive Hearing Loss
7.3.1 Technological Advancements in Hearing Aids and Increasing Product Approvals to Propel Market Growth
Table 101 Hearing Aids Market for Conductive Hearing Loss, by Region, 2016-2019 (USD Million)
Table 102 Hearing Aids Market for Conductive Hearing Loss, by Region, 2020-2026 (USD Million)


8 Hearing Aids Market, by Patient Type
8.1 Introduction
Table 103 Hearing Aids Market, by Patient Type, 2016-2019 (USD Million)
Table 104 Hearing Aids Market, by Patient Type, 2020-2026 (USD Million)
8.2 Adults
8.2.1 Higher Susceptibility to Hearing Loss Makes Adults a Key Segment of the Overall Patient Pool
8.2.1.1 Primary Notes
8.2.1.1.1 Key Industry Insights
Table 105 Hearing Aids Market for Adult Patients, by Region, 2016-2019 (USD Million)
Table 106 Hearing Aids Market for Adult Patients, by Region, 2020-2026 (USD Million)
8.3 Pediatrics
8.3.1 Technological Advancements to Drive the Growth of this Market Segment
Table 107 Hearing Aids Market for Pediatric Patients, by Region, 2016-2019 (USD Million)
Table 108 Hearing Aids Market for Pediatric Patients, by Region, 2020-2026 (USD Million)


9 Hearing Aids Market, by Region
9.1 Introduction
Table 109 Hearing Aids Market, by Region, 2016-2019 (USD Million)
Table 110 Hearing Aids Market, by Region, 2020-2026 (USD Million)
9.2 Europe
Figure 29 Europe: Hearing Aids Market Snapshot
Table 111 Europe: Hearing Aids Market, by Country, 2016-2019 (USD Million)
Table 112 Europe: Hearing Aids Market, by Country, 2020-2026 (USD Million)
Table 113 Europe: Hearing Aids Market, by Product, 2016-2019 (USD Million)
Table 114 Europe: Hearing Aids Market, by Product, 2020-2026 (USD Million)
Table 115 Europe: Hearing Aids Market, by Type of Hearing Loss, 2016-2019 (USD Million)
Table 116 Europe: Hearing Aids Market, by Type of Hearing Loss, 2020-2026 (USD Million)
9.2.1 Germany
9.2.1.1 Growth in Healthcare Expenditure in Germany to Drive the Demand for Technologically Advanced Hearing Aids
Figure 30 Prevalence of Hearing Loss in Germany, 2015 vs. 2018
Figure 31 Adoption Rate of Hearing Aids by Hearing-Impaired People in Germany, 2012 vs. 2015 vs. 2018
Table 117 Germany: Key Macroindicators
Table 118 Germany: Hearing Aids Market, by Product, 2016-2019 (USD Million)
Table 119 Germany: Hearing Aids Market, by Product, 2020-2026 (USD Million)
Table 120 Germany: Hearing Aids Market, by Type of Hearing Loss, 2016-2019 (USD Million)
Table 121 Germany: Hearing Aids Market, by Type of Hearing Loss, 2020-2026 (USD Million)
Table 122 Germany: Hearing Aids Market, by Patient Type, 2016-2019 (USD Million)
Table 123 Germany: Hearing Aids Market, by Patient Type, 2020-2026 (USD Million)
9.2.2 UK
9.2.2.1 High and Growing Prevalence of Hearing Loss to Drive Market Growth in the UK
Table 124 UK: Key Macroindicators
Table 125 UK: Hearing Aids Market, by Product, 2016-2019 (USD Million)
Table 126 UK: Hearing Aids Market, by Product, 2020-2026 (USD Million)
Table 127 UK: Hearing Aids Market, by Type of Hearing Loss, 2016-2019 (USD Million)
Table 128 UK: Hearing Aids Market, by Type of Hearing Loss, 2020-2026 (USD Million)
Table 129 UK: Hearing Aids Market, by Patient Type, 2016-2019 (USD Million)
Table 130 UK: Hearing Aids Market, by Patient Type, 2020-2026 (USD Million)
9.2.3 France
9.2.3.1 Rising R&D Expenditure in France to Drive the Market Growth
Figure 32 Adoption Rate of Hearing Aids by Hearing-Impaired People in France, 2012 vs. 2015 vs. 2018
Table 131 France: Key Macroindicators
Table 132 France: Hearing Aids Market, by Product, 2016-2019 (USD Million)
Table 133 France: Hearing Aids Market, by Product, 2020-2026 (USD Million)
Table 134 France: Hearing Aids Market, by Type of Hearing Loss, 2016-2019 (USD Million)
Table 135 France: Hearing Aids Market, by Type of Hearing Loss, 2020-2026 (USD Million)
Table 136 France: Hearing Aids Market, by Patient Type, 2016-2019 (USD Million)
Table 137 France: Hearing Aids Market, by Patient Type, 2020-2026 (USD Million)
9.2.4 Spain
9.2.4.1 Increasing Life Expectancy and Growing Geriatric Population to Drive Market Growth in Spain
Figure 33 Spain: Prevalence of Hearing Loss in 2020, by Age Group
Table 138 Spain: Hearing Aids Market, by Product, 2016-2019 (USD Million)
Table 139 Spain: Hearing Aids Market, by Product, 2020-2026 (USD Million)
Table 140 Spain: Hearing Aids Market, by Type of Hearing Loss, 2016-2019 (USD Million)
Table 141 Spain: Hearing Aids Market, by Type of Hearing Loss, 2020-2026 (USD Million)
Table 142 Spain: Hearing Aids Market, by Patient Type, 2016-2019 (USD Million)
Table 143 Spain: Hearing Aids Market, by Patient Type, 2020-2026 (USD Million)
9.2.5 Italy
9.2.5.1 Unfavorable Reimbursement Scenario to Restrain Market Growth in Italy to a Certain Extent
Figure 34 Prevalence of Hearing Loss in Italy, 2012 vs. 2015 vs. 2018
Figure 35 Hearing Aids Adoption Rate in Italy, 2012 vs. 2015 vs. 2018
Table 144 Italy: Hearing Aids Market, by Product, 2016-2019 (USD Million)
Table 145 Italy: Hearing Aids Market, by Product, 2020-2026 (USD Million)
Table 146 Italy: Hearing Aids Market, by Type of Hearing Loss, 2016-2019 (USD Million)
Table 147 Italy: Hearing Aids Market, by Type of Hearing Loss, 2020-2026 (USD Million)
Table 148 Italy: Hearing Aids Market, by Patient Type, 2016-2019 (USD Million)
Table 149 Italy: Hearing Aids Market, by Patient Type, 2020-2026 (USD Million)
9.2.6 Rest of Europe
Table 150 Roe: Healthcare Expenditure, by Country, 2010 vs. 2018 (% of Gdp)
Table 151 Roe: Hearing Aids Market, by Product, 2016-2019 (USD Million)
Table 152 Roe: Hearing Aids Market, by Product, 2020-2026 (USD Million)
Table 153 Roe: Hearing Aids Market, by Type of Hearing Loss, 2016-2019 (USD Million)
Table 154 Roe: Hearing Aids Market, by Type of Hearing Loss, 2020-2026 (USD Million)
Table 155 Roe: Hearing Aids Market, by Patient Type, 2016-2019 (USD Million)
Table 156 Roe: Hearing Aids Market, by Patient Type, 2020-2026 (USD Million)
9.3 North America
Table 157 North America: Hearing Aids Market, by Country, 2016-2019 (USD Million)
Table 158 North America: Hearing Aids Market, by Country, 2020-2026 (USD Million)
Table 159 North America: Hearing Aids Market, by Product, 2016-2019 (USD Million)
Table 160 North America: Hearing Aids Market, by Product, 2020-2026 (USD Million)
Table 161 North America: Hearing Aids Market, by Type of Hearing Loss, 2016-2019 (USD Million)
Table 162 North America: Hearing Aids Market, by Type of Hearing Loss, 2020-2026 (USD Million)
9.3.1 US
9.3.1.1 The Us Dominated the North American Hearing Aids Market in 2020
Figure 36 Number of Audiologists in the US
Table 163 US: Key Macroindicators
Table 164 US: Hearing Aids Market, by Product, 2016-2019 (USD Million)
Table 165 US: Hearing Aids Market, by Product, 2020-2026 (USD Million)
Table 166 US: Hearing Aids Market, by Type of Hearing Loss, 2016-2019 (USD Million)
Table 167 US: Hearing Aids Market, by Type of Hearing Loss, 2020-2026 (USD Million)
Table 168 US: Hearing Aids Market, by Patient Type, 2016-2019 (USD Million)
Table 169 US: Hearing Aids Market, by Patient Type, 2020-2026 (USD Million)
9.3.2 Canada
9.3.2.1 Conferences, Webinars, and Symposia to Provide Impetus to the Market Growth
Table 170 Canada: Hearing Aids Market, by Product, 2016-2019 (USD Million)
Table 171 Canada: Hearing Aids Market, by Product, 2020-2026 (USD Million)
Table 172 Canada: Hearing Aids Market, by Type of Hearing Loss, 2016-2019 (USD Million)
Table 173 Canada: Hearing Aids Market, by Type of Hearing Loss, 2020-2026 (USD Million)
Table 174 Canada: Hearing Aids Market, by Patient Type, 2016-2019 (USD Million)
Table 175 Canada: Hearing Aids Market, by Patient Type, 2020-2026 (USD Million)
9.4 Asia-Pacific
Figure 37 Asia-Pacific: Hearing Aids Market Snapshot
Table 176 APAC: Hearing Aids Market, by Country, 2016-2019 (USD Million)
Table 177 APAC: Hearing Aids Market, by Country, 2020-2026 (USD Million)
Table 178 APAC: Hearing Aids Market, by Product, 2016-2019 (USD Million)
Table 179 APAC: Hearing Aids Market, by Product, 2020-2026 (USD Million)
Table 180 APAC: Hearing Aids Market, by Type of Hearing Loss, 2016-2019 (USD Million)
Table 181 APAC: Hearing Aids Market, by Type of Hearing Loss, 2020-2026 (USD Million)
9.4.1 China
9.4.1.1 China Dominated the APAC Market for Hearing Aids in 2020
Table 182 China: Key Macroindicators
Table 183 China: Hearing Aids Market, by Product, 2016-2019 (USD Million)
Table 184 China: Hearing Aids Market, by Product, 2020-2026 (USD Million)
Table 185 China: Hearing Aids Market, by Type of Hearing Loss, 2016-2019 (USD Million)
Table 186 China: Hearing Aids Market, by Type of Hearing Loss, 2020-2026 (USD Million)
Table 187 China: Hearing Aids Market, by Patient Type, 2016-2019 (USD Million)
Table 188 China: Hearing Aids Market, by Patient Type, 2020-2026 (USD Million)
9.4.2 India
9.4.2.1 Healthcare Infrastructure Improvements to Drive Market Growth in India
Table 189 India: Key Macroindicators
Table 190 India: Hearing Aids Market, by Product, 2016-2019 (USD Million)
Table 191 India: Hearing Aids Market, by Product, 2020-2026 (USD Million)
Table 192 India: Hearing Aids Market, by Type of Hearing Loss, 2016-2019 (USD Million)
Table 193 India: Hearing Aids Market, by Type of Hearing Loss, 2020-2026 (USD Million)
Table 194 India: Hearing Aids Market, by Patient Type, 2016-2019 (USD Million)
Table 195 India: Hearing Aids Market, by Patient Type, 2020-2026 (USD Million)
9.4.3 Japan
9.4.3.1 Rising Adoption of Hearing Aids in the Country to Support Market Growth
Figure 38 Hearing Aids Adoption Rate in Japan, 2012 vs. 2015 vs. 2018
Table 196 Japan: Key Macroindicators
Table 197 Japan: Hearing Aids Market, by Product, 2016-2019 (USD Million)
Table 198 Japan: Hearing Aids Market, by Product, 2020-2026 (USD Million)
Table 199 Japan: Hearing Aids Market, by Type of Hearing Loss, 2016-2019 (USD Million)
Table 200 Japan: Hearing Aids Market, by Type of Hearing Loss, 2020-2026 (USD Million)
Table 201 Japan: Hearing Aids Market, by Patient Type, 2016-2019 (USD Million)
Table 202 Japan: Hearing Aids Market, by Patient Type, 2020-2026 (USD Million)
9.4.4 Australia
9.4.4.1 Rising Geriatric Population to Drive Market Growth in Australia
Figure 39 Distributive Share of Population in Australia, by Age Group, 2016 vs. 2019
Table 203 Australia: Hearing Aids Market, by Product, 2016-2019 (USD Million)
Table 204 Australia: Hearing Aids Market, by Product, 2020-2026 (USD Million)
Table 205 Australia: Hearing Aids Market, by Type of Hearing Loss, 2016-2019 (USD Million)
Table 206 Australia: Hearing Aids Market, by Type of Hearing Loss, 2020-2026 (USD Million)
Table 207 Australia: Hearing Aids Market, by Patient Type, 2016-2019 (USD Million)
Table 208 Australia: Hearing Aids Market, by Patient Type, 2020-2026 (USD Million)
9.4.5 Rest of Asia-Pacific
Figure 40 Distributive Share of Population in Taiwan, by Age Group, 2016 vs. 2019
Table 209 RoAPAC: Hearing Aids Market, by Product, 2016-2019 (USD Million)
Table 210 RoAPAC: Hearing Aids Market, by Product, 2020-2026 (USD Million)
Table 211 RoAPAC: Hearing Aids Market, by Type of Hearing Loss, 2016-2019 (USD Million)
Table 212 RoAPAC: Hearing Aids Market, by Type of Hearing Loss, 2020-2026 (USD Million)
Table 213 RoAPAC: Hearing Aids Market, by Patient Type, 2016-2019 (USD Million)
Table 214 RoAPAC: Hearing Aids Market, by Patient Type, 2020-2026 (USD Million)
9.5 Latin America
9.5.1 Increasing Efforts to Implement Universal Health Coverage in the Region to Support Market Growth
Figure 41 Number of People with Disabling Hearing Loss in Brazil and Mexico, 2008 vs. 2018
Table 215 Latin America: Hearing Aids Market, by Product, 2016-2019 (USD Million)
Table 216 Latin America: Hearing Aids Market, by Product, 2020-2026 (USD Million)
Table 217 Latin America: Hearing Aids Market, by Type of Hearing Loss, 2016-2019 (USD Million)
Table 218 Latin America: Hearing Aids Market, by Type of Hearing Loss, 2020-2026 (USD Million)
Table 219 Latin America: Hearing Aids Market, by Patient Type, 2016-2019 (USD Million)
Table 220 Latin America: Hearing Aids Market, by Patient Type, 2020-2026 (USD Million)
9.6 Middle East & Africa
9.6.1 Healthcare Infrastructure Improvements in the Region to Drive Market Growth
Table 221 Middle East & Africa: Hearing Aids Market, by Product, 2016-2019 (USD Million)
Table 222 Middle East & Africa: Hearing Aids Market, by Product, 2020-2026 (USD Million)
Table 223 Middle East & Africa: Hearing Aids Market, by Type of Hearing Loss, 2016-2019 (USD Million)
Table 224 Middle East & Africa: Hearing Aids Market, by Type of Hearing Loss, 2020-2026 (USD Million)
Table 225 Middle East & Africa: Hearing Aids Market, by Patient Type, 2016-2019 (USD Million)
Table 226 Middle East & Africa: Hearing Aids Market, by Patient Type, 2020-2026 (USD Million)


10 Competitive Landscape
10.1 Overview
10.2 Key Player Strategies/Right to Win
10.2.1 Overview of Strategies Deployed by Players in the Hearing Aids Market
Table 227 Overview of Strategies Deployed by Key Hearing Aids Manufacturing Companies
10.3 Revenue Share Analysis of Top Market Players
Figure 42 Revenue Share Analysis of the Top Players in the Hearing Aids Market
10.4 Market Share Analysis
Figure 43 Hearing Aids Market Share, by Key Player (2020)
Table 228 Hearing Aids Market: Degree of Competition
10.5 Company Evaluation Quadrant
10.5.1 List of Evaluated Vendors
10.5.2 Stars
10.5.3 Emerging Leaders
10.5.4 Pervasive Players
10.5.5 Participants
Figure 44 Hearing Aids Market: Competitive Leadership Mapping, 2020
10.6 Competitive Leadership Mapping for Startups/SMEs (2020)
10.6.1 Progressive Companies
10.6.2 Starting Blocks
10.6.3 Responsive Companies
10.6.4 Dynamic Companies
Figure 45 Hearing Aids Market: Competitive Leadership Mapping for Startups/SMEs, 2020
10.7 Competitive Benchmarking
10.7.1 Product and Geographic Footprint Analysis
Figure 46 Product and Geographic Footprint Analysis of Top Players in the Hearing Aids Market
Table 229 Product Footprint of Companies
Table 230 Regional Footprint of Companies
10.8 Competitive Scenario
10.8.1 Product Launches & Regulatory Approvals
Table 231 Key Product Launches & Regulatory Approvals
10.8.2 Deals
Table 232 Key Deals


11 Company Profiles
11.1 Key Players
(Business Overview, Products Offered, Recent Developments, and Analyst's View)*
11.1.1 Sonova Group
Table 233 Sonova Group: Business Overview
Figure 47 Sonova Group: Company Snapshot (2020)
11.1.2 Demant A/S
Table 234 Demant A/S: Business Overview
Figure 48 Demant A/S: Company Snapshot (2020)
11.1.3 GN Store Nord A/S
Table 235 GN Store Nord A/S: Business Overview
Figure 49 GN Store Nord A/S: Company Snapshot (2020)
11.1.4 Cochlear Ltd.
Table 236 Cochlear Ltd.: Business Overview
Figure 50 Cochlear Ltd.: Company Snapshot (2020)
11.1.5 RION Co. Ltd.
Table 237 RION Co. Ltd.: Business Overview
Figure 51 RION Co. Ltd.: Company Snapshot (2020)
11.1.6 Starkey
Table 238 Starkey: Business Overview
11.1.7 WS Audiology A/S
Table 239 WS Audiology A/S: Business Overview
11.1.8 Nurotron Biotechnology Co. Ltd.
Table 240 Nurotron Biotechnology Co. Ltd.: Business Overview
11.1.9 MED-EL
Table 241 MED-EL: Business Overview
11.1.10 Audina Hearing Instruments, Inc.
Table 242 Audina Hearing Instruments, Inc.: Business Overview
11.1.11 Elkon Pvt. Ltd.
Table 243 Elkon Pvt. Ltd.: Business Overview
*Business Overview, Products Offered, Recent Developments, and Analyst's View Might Not be Captured in Case of Unlisted Companies
11.2 Other Players
11.2.1 Eargo, Inc.
11.2.2 Horentek
11.2.3 ZOUNDS Hearing Inc.
11.2.4 Sebotek Hearing Systems, LLC
11.2.5 Arphi Electronics Private Limited
11.2.6 IN4 Technology Corporation
11.2.7 BHM-Tech Produktionsgesellschaft MbH
11.2.8 Nano Hearing Aids
11.2.9 LORECas.R.O.
11.2.10 Earlens Corporation
11.2.11 Austar Hearing Science and Technology (Xiamen) Co. Ltd.
11.2.12 Lively Hearing Corporation
11.2.13 Audifon GmbH & Co. KG
11.2.14 Foshan Vohom Technology Co. Ltd.


12 Appendix
12.1 Discussion Guide
12.2 Knowledge Store: The Subscription Portal
12.3 Available Customizations


Note: Product cover images may vary from those shown
  • Arphi Electronics Private Limited
  • Audifon GmbH & Co. KG
  • Audina Hearing Instruments, Inc.
  • Austar Hearing Science and Technology (Xiamen) Co. Ltd.
  • BHM-Tech Produktionsgesellschaft MbH
  • Cochlear Ltd.
  • Demant A/S
  • Eargo, Inc.
  • Earlens Corporation
  • Elkon Pvt. Ltd.
  • Foshan Vohom Technology Co. Ltd.
  • GN Store Nord A/S
  • Horentek
  • IN4 Technology Corporation
  • Lively Hearing Corporation
  • LORECas.R.O.
  • MED-EL
  • Nano Hearing Aids
  • Nurotron Biotechnology Co. Ltd.
  • RION Co. Ltd.
  • Sebotek Hearing Systems, LLC
  • Sonova Group
  • Starkey
  • WS Audiology A/S
  • ZOUNDS Hearing Inc.
Note: Product cover images may vary from those shown

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