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Hearing Aids Market, by Product Type, by Type of Hearing Loss, by Patient Type, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

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    Report

  • 150 Pages
  • December 2021
  • Region: Global
  • Coherent Market Insights Pvt Ltd.
  • ID: 5523286
A hearing aid is a battery-powered electrical device that is used for better hearing in hearing-impaired patients. Hearing aids function by boosting sound in three stages: the microphone absorbs sound and turns it into a digital signal, the amplifier amplifies the digital signal, and the speaker sends the amplified sound into the ear. A hearing aid amplifies sound waves as they reach the ear. There are different types of hearing aids available such as Behind-the-ear (BTE), In-the-ear (ITE), and In-the-canal (ITC) aids among others. In case of Behind-the-ear (BTE) hearing aids, most of the part cotained in a small plastic case that rests behind the ear. In-the-ear (ITE) aids are contained in a shell in the outer part of the ear. The basic common features of hearing aids include the presence of a directional microphone, ‘T-coil’ setting for eliminating environmental sounds for better hearing of sound picked up from the telephone, and feedback suppression (FS).



Market Dynamics


Key market players are focusing on new product launches, which is expected to drive the global hearing aids market growth during the forecast period. For instance, in August 2020, Sonova Holding AG, a leading provider of hearing solutions, announced the introduction of Phonak Audeo Paradise, a multifunctional hearing aid. It delivers an enhanced hearing performance and speech understanding. The new platform Paradise has been designed with a clear focus on delivering an excellent sound experience for consumers. Phonak Paradise hearing aid helps consumers in natural hearing experience in different environments.

Key features of the study:

  • This report provides an in-depth analysis of the global hearing aids market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2021-2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global hearing aids market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, strategies
  • Key companies covered as a part of this study include Sonova, Starkey Laboratories, Inc., GN Hearing, Oticon, Demant A/S, Cochlear Ltd., Eargo Inc., WS Audiology A/S, RION Co., Ltd., MED-EL (Medical Electronics), Amplifon S.p.A, Audina Hearing Instruments, Inc., Sonic Innovations, Inc., and Zounds Hearing
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global hearing aids market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have an ease in decision-making through various strategy matrices used in analyzing the global hearing aids market

Detailed Segmentation:


Global Hearing Aids Market, By Product Type:

  • Hearing Aid Devices
  • Behind-The-Ear (BTE) Hearing Aids
  • Receiver-In-Canal (RIC) Hearing Aids
  • In-The-Ear (ITE) Hearing Aids
  • In-The-Canal (ITC) Hearing Aids
  • Completely-In-Canal (CIC) Hearing Aids
  • Others
  • Hearing Implants
  • Cochlear Implants
  • Bone-anchored Systems

Global Hearing Aids Market, By Type of Hearing Loss:

  • Conductive Hearing Loss
  • Sensorineural Hearing Loss
  • Mixed Hearing Loss

Global Hearing Aids Market, By Patient Type:

  • Adults
  • Pediatrics

Global Hearing Aids Market, By Region:

  • North America
  • By Country
  • U.S.
  • Canada
  • Latin America
  • By Country
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
  • Europe
  • By Country
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
  • Asia Pacific
  • By Country
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
  • Middle East
  • By Country
  • GCC
  • Israel
  • Rest of Middle East
  • Africa
  • By Country/Region
  • South Africa
  • Central Africa
  • North Africa

Company Profiles

  • Sonova
  • Starkey Laboratories, Inc.
  • GN Hearing
  • Oticon
  • Demant A/S
  • Cochlear Ltd.
  • Eargo Inc.
  • WS Audiology A/S
  • RION Co., Ltd.
  • MED-EL (Medical Electronics)
  • Amplifon S.p.A,
  • Audina Hearing Instruments, Inc.
  • Sonic Innovations, Inc.
  • Zounds Hearing
Frequently Asked Questions about the Hearing Aids Market

What is the estimated value of the Hearing Aids Market?

The Hearing Aids Market was estimated to be valued at $9473.1 Million in 2021.

What is the growth rate of the Hearing Aids Market?

The growth rate of the Hearing Aids Market is 7.6%, with an estimated value of $15821.9 Million by 2028.

What is the forecasted size of the Hearing Aids Market?

The Hearing Aids Market is estimated to be worth $15821.9 Million by 2028.

Who are the key companies in the Hearing Aids Market?

Key companies in the Hearing Aids Market include Sonova, Starkey Laboratories, Inc., GN Hearing, Oticon, Demant A/S, Cochlear Ltd., Eargo Inc., WS Audiology A/S and MED.

Table of Contents

1. Research Objectives and Assumptions
  • Research Objectives
  • Assumptions
  • Abbreviations

2. Market Purview
  • Report Description
  • Market Definition and Scope
  • Executive Summary
  • Market Snapshot, By Product Type
  • Market Snapshot, By Type of Hearing Loss
  • Market Snapshot, By Patient Type
  • Market Snapshot, By Region
  • Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis
  • Market Dynamics
  • Drivers
  • Restraints
  • Opportunity
  • Impact Analysis
  • Pipeline Analysis
  • Regulatory Scenario
  • Market Trends
  • Key Developments
  • Epidemiology
  • PEST Analysis
  • Brand Analysis

4. Global Hearing Aids Market- Impact of Coronavirus (COVID-19) Pandemic
  • COVID-19 Epidemiology
  • Supply and Demand Analysis
  • Key Developments

5. Global Hearing Aids Market, By Product Type, 2017 - 2028, (US$ Mn)
  • Introduction
  • Market Share Analysis, 2021 and 2028 (%)
  • Y-o-Y Growth Analysis, 2017 - 2028
  • Segment Trends
  • Hearing Aid Devices
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)
  • Behind-The-Ear (BTE) Hearing Aids
  • Receiver-In-Canal (RIC) Hearing Aids
  • In-The-Ear (ITE) Hearing Aids
  • In-The-Canal (ITC) Hearing Aids
  • Completely-In-Canal (CIC) Hearing Aids
  • Others
  • Hearing Implants
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)
  • Cochlear Implants
  • Bone-anchored System

6. Global Hearing Aids Market, By Type of Hearing Loss, 2017 - 2028, (US$ Mn)
  • Introduction
  • Market Share Analysis, 2021 and 2028 (%)
  • Y-o-Y Growth Analysis, 2017 - 2028
  • Segment Trends
  • Conductive Hearing Loss
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)
  • Sensorineural Hearing Loss
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)
  • Mixed Hearing Loss
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)

7. Global Hearing Aids Market, By Patient Type, 2017 - 2028, (US$ Mn)
  • Introduction
  • Market Share Analysis, 2021 and 2028 (%)
  • Y-o-Y Growth Analysis, 2017 - 2028
  • Segment Trends
  • Adults
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)
  • Pediatrics
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Mn)

8. Global Hearing Aids Market, By Region, 2017 - 2028, (US$ Mn)
  • Introduction
  • Market Share Analysis, 2021 and 2028 (%)
  • Y-o-Y Growth Analysis, 2017 - 2028
  • Segment Trends
  • North America
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, and Y-o-Y Growth, By Type of Hearing Loss, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, and Y-o-Y Growth, By Patient Type, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, and Y-o-Y Growth, By Countries, 2017 - 2028, (US$ Mn)
  • U.S.
  • Canada
  • Latin America
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, and Y-o-Y Growth, By Type of Hearing Loss, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, and Y-o-Y Growth, By Patient Type, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, and Y-o-Y Growth, By Countries, 2017 - 2028, (US$ Mn)
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
  • Europe
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, and Y-o-Y Growth, By Type of Hearing Loss, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, and Y-o-Y Growth, By Patient Type, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, and Y-o-Y Growth, By Countries, 2017 - 2028, (US$ Mn)
  • U.K.
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
  • Asia Pacific
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, and Y-o-Y Growth, By Type of Hearing Loss, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, and Y-o-Y Growth, By Patient Type, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, and Y-o-Y Growth, By Countries, 2017 - 2028, (US$ Mn)
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
  • Middle East
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, and Y-o-Y Growth, By Type of Hearing Loss, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, and Y-o-Y Growth, By Patient Type, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, and Y-o-Y Growth, By Countries, 2017 - 2028, (US$ Mn)
  • GCC
  • Israel
  • Rest of Middle East
  • Africa
  • Introduction
  • Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, and Y-o-Y Growth, By Type of Hearing Loss, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, and Y-o-Y Growth, By Patient Type, 2017 - 2028, (US$ Mn)
  • Market Size and Forecast, and Y-o-Y Growth, By Countries/Region, 2017 - 2028, (US$ Mn)
  • North Africa
  • Central Africa
  • South Africa

9. Competitive Landscape
  • Heat Map Analysis
  • Market Share Analysis
  • Sonova
  • Company Highlights
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Strategies
  • Starkey Laboratories, Inc.
  • Company Highlights
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Strategies
  • GN Hearing
  • Company Highlights
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Strategies
  • Oticon
  • Company Highlights
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Strategies
  • Demant A/S
  • Company Highlights
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Strategies
  • Cochlear Ltd.
  • Company Highlights
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Strategies
  • Eargo Inc.
  • Company Highlights
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Strategies
  • WS Audiology A/S
  • Company Highlights
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Strategies
  • RION Co., Ltd.
  • Company Highlights
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Strategies
  • MED-EL (Medical Electronics)
  • Company Highlights
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Strategies
  • Amplifon S.p.A
  • Company Highlights
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Strategies
  • Audina Hearing Instruments, Inc.
  • Company Highlights
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Strategies
  • Sonic Innovations, Inc.
  • Company Highlights
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Strategies
  • Zounds Hearing
  • Company Highlights
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Strategies
  • Analyst Views

10. Section
  • Research Methodology

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Sonova
  • Starkey Laboratories, Inc.
  • GN Hearing
  • Oticon
  • Demant A/S
  • Cochlear Ltd.
  • Eargo Inc.
  • WS Audiology A/S
  • RION Co., Ltd.
  • MED-EL (Medical Electronics)
  • Amplifon S.p.A,
  • Audina Hearing Instruments, Inc.
  • Sonic Innovations, Inc.
  • Zounds Hearing