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Global Hearing Aid Devices And Equipment Market Report 2022

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    Report

  • 175 Pages
  • May 2022
  • Region: Global
  • The Business Research Company
  • ID: 5589731
Hearing Aid Devices And Equipment Global Market Report 2022 provides strategists, marketers and senior management with the critical information they need to assess the global hearing aid devices and equipment market as it emerges from the COVID-19 shut down.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates
  • Create regional and country strategies on the basis of local data and analysis
  • Identify growth segments for investment
  • Outperform competitors using forecast data and the drivers and trends shaping the market
  • Understand customers based on the latest market research findings
  • Benchmark performance against key competitors
  • Utilize the relationships between key data sets for superior strategizing
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the hearing aid devices and equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Hearing Aid Devices And Equipment Market Global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

  • The Market Characteristics section of the report defines and explains the market
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery
  • Market segmentations break down market into sub markets
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers

Scope


Markets Covered:

1) By Product: Receiver-In-The-Ear Hearing Aids; Behind-The-Ear Hearing Aids
2) By Distribution Channel: Audiology and ENT Clinics; Pharmacies; Online Sales; Other Distribution Channels
3) By Technology: Conventional Hearing Aid; Digital Hearing Aid
4) By Patient: Adult; Pediatrics
5) By Type of Hearing Loss: Conductive Hearing Loss; Sensorineural Hearing Loss

Companies Mentioned: Starkey; Sonova; Widex; Siemens; GN ReSound

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.


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Frequently Asked Questions about the Global Hearing Aid Devices and Equipment Market

What is the estimated value of the Global Hearing Aid Devices and Equipment Market?

The Global Hearing Aid Devices and Equipment Market was estimated to be valued at $13.8 billion in 2022.

What is the growth rate of the Global Hearing Aid Devices and Equipment Market?

The growth rate of the Global Hearing Aid Devices and Equipment Market is 11.2%, with an estimated value of $21.08 billion by 2026.

What is the forecasted size of the Global Hearing Aid Devices and Equipment Market?

The Global Hearing Aid Devices and Equipment Market is estimated to be worth $21.08 billion by 2026.

Who are the key companies in the Global Hearing Aid Devices and Equipment Market?

Key companies in the Global Hearing Aid Devices and Equipment Market include Starkey, Sonova, Widex, Siemens, GN ReSound, Oticon, Unitron, Hansaton, William Demant and Beltone.

Table of Contents

1. Executive Summary2. Hearing Aid Devices And Equipment Market Characteristics3. Hearing Aid Devices And Equipment Market Trends And Strategies4. Impact Of COVID-19 On Hearing Aid Devices And Equipment
5. Hearing Aid Devices And Equipment Market Size And Growth
5.1. Global Hearing Aid Devices And Equipment Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Hearing Aid Devices And Equipment Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Hearing Aid Devices And Equipment Market Segmentation
6.1. Global Hearing Aid Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Receiver-In-The-Ear Hearing Aids
  • Behind-The-Ear Hearing Aids
6.2. Global Hearing Aid Devices And Equipment Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Audiology and ENT Clinics
  • Pharmacies
  • Online Sales
  • Other Distribution Channels
6.3. Global Hearing Aid Devices And Equipment Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Conventional Hearing Aid
  • Digital Hearing Aid
6.4. Global Hearing Aid Devices And Equipment Market, Segmentation By Patient, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Adult
  • Pediatrics
6.5. Global Hearing Aid Devices And Equipment Market, Segmentation By Type of Hearing Loss, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Conductive Hearing Loss
  • Sensorineural Hearing Loss

7. Hearing Aid Devices And Equipment Market Regional And Country Analysis
7.1. Global Hearing Aid Devices And Equipment Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Hearing Aid Devices And Equipment Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Hearing Aid Devices And Equipment Market
8.1. Asia-Pacific Hearing Aid Devices And Equipment Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Hearing Aid Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Hearing Aid Devices And Equipment Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Hearing Aid Devices And Equipment Market
9.1. China Hearing Aid Devices And Equipment Market Overview
9.2. China Hearing Aid Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Hearing Aid Devices And Equipment Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Hearing Aid Devices And Equipment Market
10.1. India Hearing Aid Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Hearing Aid Devices And Equipment Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Hearing Aid Devices And Equipment Market
11.1. Japan Hearing Aid Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Hearing Aid Devices And Equipment Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Hearing Aid Devices And Equipment Market
12.1. Australia Hearing Aid Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Hearing Aid Devices And Equipment Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Hearing Aid Devices And Equipment Market
13.1. Indonesia Hearing Aid Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Hearing Aid Devices And Equipment Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Hearing Aid Devices And Equipment Market
14.1. South Korea Hearing Aid Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Hearing Aid Devices And Equipment Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Hearing Aid Devices And Equipment Market
15.1. Western Europe Hearing Aid Devices And Equipment Market Overview
15.2. Western Europe Hearing Aid Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Hearing Aid Devices And Equipment Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Hearing Aid Devices And Equipment Market
16.1. UK Hearing Aid Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Hearing Aid Devices And Equipment Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Hearing Aid Devices And Equipment Market
17.1. Germany Hearing Aid Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Hearing Aid Devices And Equipment Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Hearing Aid Devices And Equipment Market
18.4. France Hearing Aid Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.5. France Hearing Aid Devices And Equipment Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Hearing Aid Devices And Equipment Market
19.1. Eastern Europe Hearing Aid Devices And Equipment Market Overview
19.2. Eastern Europe Hearing Aid Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Hearing Aid Devices And Equipment Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Hearing Aid Devices And Equipment Market
20.1. Russia Hearing Aid Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Hearing Aid Devices And Equipment Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Hearing Aid Devices And Equipment Market
21.1. North America Hearing Aid Devices And Equipment Market Overview
21.2. North America Hearing Aid Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Hearing Aid Devices And Equipment Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Hearing Aid Devices And Equipment Market
22.1. USA Hearing Aid Devices And Equipment Market Overview
22.2. USA Hearing Aid Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Hearing Aid Devices And Equipment Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Hearing Aid Devices And Equipment Market
23.1. South America Hearing Aid Devices And Equipment Market Overview
23.2. South America Hearing Aid Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Hearing Aid Devices And Equipment Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Hearing Aid Devices And Equipment Market
24.1. Brazil Hearing Aid Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Hearing Aid Devices And Equipment Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Hearing Aid Devices And Equipment Market
25.1. Middle East Hearing Aid Devices And Equipment Market Overview
25.2. Middle East Hearing Aid Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Hearing Aid Devices And Equipment Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Hearing Aid Devices And Equipment Market
26.1. Africa Hearing Aid Devices And Equipment Market Overview
26.2. Africa Hearing Aid Devices And Equipment Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Hearing Aid Devices And Equipment Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Hearing Aid Devices And Equipment Market Competitive Landscape And Company Profiles
27.1. Hearing Aid Devices And Equipment Market Competitive Landscape
27.2. Hearing Aid Devices And Equipment Market Company Profiles
27.2.1. Starkey
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Sonova
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Widex
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Siemens
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. GN ReSound
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Hearing Aid Devices And Equipment Market29. Hearing Aid Devices And Equipment Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright and Disclaimer

Executive Summary

Major players in the hearing aid devices and equipment market are Starkey, Sonova, Widex, Siemens, GN ReSound, Oticon, Unitron, Hansaton, William Demant, and Beltone

The global hearing aid devices and equipment market is expected to grow from $12.3 billion in 2021 to $13.8 billion in 2022 at a compound annual growth rate (CAGR) of 12.2%. The market is expected to grow to $21.08 billion in 2026 at a compound annual growth rate (CAGR) of 11.2%.

The hearing aid devices and equipment market consist of sales of hearing aid devices and equipment and related services. Hearing aids are devices and equipment designed and developed to improve the hearing of people affected by hearing loss.

The main products of hearing aid devices and equipment are receiver-in-the-ear hearing aids, and behind-the-ear hearing aids. A hearing aid receiver works as the ears’ speaker system. It plays the amplified sounds received from the microphone in your ear, and the brain gives the context of the sound. The patients are adults and pediatrics. The adults and pediatric patients with conductive hearing loss and sensorineural hearing loss are treated using technologies such as conventional hearing aid and digital hearing aid. The distribution channels are audiology and ENT clinics, pharmacies, online sales, and others.

Asia Pacific was the largest region in hearing aid devices and equipment market in 2021. North America was the second-largest region in the hearing aid devices and equipment market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The growing prevalence of hearing loss is a major driver for hearing aid devices & equipment market growth. In the United States, more than 35 million children and adults have some degree of hearing loss. Also, around 900 million people across the globe are expected to suffer from hearing disabilities by 2050 due to the rise in noise pollution levels, genetic factors, ear infections, and other complications. A high number of people suffering from hearing loss would result in huge demand for hearing aid devices across the globe.

The high cost of hearing aid devices is acting as a major restraint in the hearing aid devices and equipment market. Good quality hearing aids come at a high price and are not fully covered by insurance companies. About one-third of Americans above 55 years use hearing aid devices due to various reasons. Hearing aid devices range between $1500 to $3500 per piece, thus making them quite expensive. The average price is $2,300 per unit according to the President’s Council for Science & Technology. Thus due to high cost, there has been low penetration of hearing aid devices in the market.

The use of 3D Printing is a trend that is prevalent in the hearing aid devices & equipment market. 3D printing is a technology that produces 3D objects from the 2D models which enable the manufacturing of better fitting, more comfortable, and customized hearing aid devices. The 3D printing enables the shape of the ear shell to be customized according to the customer's ear canal and degree of hearing loss. For example, Sonova uses advanced 3D printing technology to produce customized hearing aid devices especially suited for each customer's specific requirements. Examples of 3D hearing aid devices include EnvisionTEC’s E-Shell 200 Series, E-Shell 300 3D Printer Material series, and EnvisionTEC E-Clear series.

As of today, the hearing aids fall under the restricted devices category, the sales of these restricted devices must comply with federal and state requirements. The US FDA approach to improve hearing aid accessibility may lead to the availability of these restricted devices as OTC devices. However, according to the FDA Reauthorization Act (FDARA), the category of OTC hearing aids needs to be established and no manufacturer can label their devices as OTC until a separate category is established. Thus, the introduction of these innovative and easily accessible OTC hearing aids may impact the growth of the hearing aid devices market positively in the forecast period.

The countries covered in the hearing aid devices and equipment market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Starkey
  • Sonova
  • Widex
  • Siemens
  • GN ReSound
  • Oticon
  • Unitron
  • Hansaton
  • William Demant
  • Beltone
  • Interton
  • Cochlear
  • Zound Hearing
  • Amplifon
  • Audina Hearing Instruments inc.
  • Rion
  • WS Audiology
  • Sivantos
  • Med-EI
  • Horentek

Methodology

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