GLOBAL HEARING AIDS MARKET FORECAST 2019-2027

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GLOBAL HEARING AIDS MARKET FORECAST 2019-2027

The global hearing aids market was valued at $6887.26 million in 2018 & is estimated to generate net revenue of approximately $11088.11 million by 2027, growing at a CAGR of 5.42%. Hearing aids market is primarily driven by rapid growth in the aging population, increasing disposable income, technological advancements in hearing aids, coupled with a high prevalence rate of hearing loss.

GLOBAL HEARING AIDS MARKET FORECAST 2019-2027

Global Hearing Aids Market by Types of Hearing Loss (Sensorineural Hearing Loss, Conductive Hearing Loss) by Patient Type (Adults, Pediatrics) by Products (Hearing Aid Devices, Receiver-in-the –ear, Behind the Ear, Canal, in-the-ear, Other Hearing Device) by Hearing Implants (Cochlear Implants, Bone-anchored Systems) & by Geography.

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The global hearing aids market was valued at $6887.26 million in 2018 & is estimated to generate net revenue of approximately $11088.11 million by 2027, growing at a CAGR of 5.42%. Hearing aids market is primarily driven by rapid growth in the aging population, increasing disposable income, technological advancements in hearing aids, coupled with a high prevalence rate of hearing loss. The Hearing aids market is primarily driven by the following factors:

  • Rising aging population
  • Increased use of binaural fittings
  • Technological advancements
  • Increasing prevalence of hearing loss

Global Hearing Aids Market Report | Inkwood Research

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The important driver increasing growth in the global hearing aids market is the increasing prevalence of hearing loss. Hearing loss may result from exposure to excessive noise, from the use of any particular drug, chronic ear infections, genetic causes, certain infectious diseases, increasing noise pollution levels and aging. The increasing prevalence of hearing loss is expected to highly boost the adoption of hearing aid devices thereby aiding growth in the market.

The applications of hearing aids market products are extensively used for ear treatment. The hearing aid devices market is primarily driven by rising prevalence of hearing ailments across the world and technological advancements in hearing aid devices. Hearing aid devices market comprises of Behind-The-Ear (BTE) hearing aids, Receiver-In-The-Ear (RITE) Hearing Aids, In-The-Ear (ITE) hearing aids, canal hearing aids, and other hearing aid devices. Hearing implants market is primarily driven by rising prevalence of hearing disorders and the introduction of innovative hearing implants, along with the increased R&D activities in this area. Various types of implants include bone-anchored systems and cochlear implants. Cochlear implants are surgically implantable neuroprosthetic devices that are implanted into the cochlea, replacing the normal acoustic hearing process with electric hearing. Bone-anchored systems or bone anchored hearing aid (BAHA) are surgically implantable devices that are designed to help people with hearing loss.

The significant cost of hearing aids devices, lack of awareness, and social stigma are the major factors hindering the hearing aids market.  The overall cost of the hearing aid also includes the cost of the hearing test, consultation, initial fitting, routine cleanings, etc. Individuals with hearing loss are concerned about the social stigma they might have to face from the general public on using hearing aids.

The Global Hearing aids market segments include products, hearing loss types and patient types.

Products are segmented into:

  • Hearing aid devices
    • Canal
      • CIC hearing aids devices
      • ITC hearing aid devices
      • IIC hearing aid devices
    • Receiver-in-the-ear
    • In-the-ear
    • Behind the ear
    • Other hearing device
  • Hearing implants
    • Cochlear implants
    • Bone-anchored systems
  • Hearing loss types are segmented into:
    • Sensorineural hearing loss
    • Conductive hearing loss
  • Patient types are segmented into:
    • Adults
    • Pediatrics

This report covers the present market conditions and the growth prospects of the global hearing aids market for 2019-2027 and considered the revenue generated through the sales of hearing aids for products, hearing loss types and patient types. The report calculates the market size by considering 2018 as the base year.

Geographically, the global hearing aids market has been segmented on the basis of four major regions, which include:

  • North America: The United States & Canada
  • Asia-Pacific: China, India, Japan, Australia, South Korea & Rest of APAC
  • Europe: The United Kingdom, France, Germany, Spain, Italy & Rest of Europe
  • Rest of World: Latin America & Middle East and Africa

The Hearing aids market in Europe is expected to hold the largest share by 2027 owing to the supportive government programs to minimize the hearing loss, high prevalence of hearing loss along with the government reimbursement schemes. Moreover, technological advancements in hearing aid technology are also expected to augment the growth of the hearing aid market in Europe during the forecast period. On the other hand, the North American market is anticipated to be the fastest-growing region for the Hearing aids market. North America hearing aid market will be on the surging trend owing to the ongoing research to develop novel hearing aid technologies, the high prevalence of hearing loss along with the rapid growth in aging population. The largest buyers of hearing aids in the US are the Department of Veteran Affairs, the US government program for military veterans, and the private sector.

The Hearing aids market is segmented based on hearing loss types which are sub-divided into sensorineural hearing loss & conductive hearing loss; and also on the basis of patient types which are sub-divided into adults & paediatrics. There has been a high prevalence of sensorineural hearing loss across the globe due to viral infections, autoimmune illness, etc. The conductive hearing loss is more common in children as well as in adult populations. The high prevalence of hearing loss is expected to increase the demand as well as the adoption of hearing aid devices and implants in adults. There have been various programs across the globe regarding newborn hearing, for the detection of hearing loss in newborns.

The major market players of the global hearing aids market are:

  • Cochlear Ltd
  • Amplifon Hearing Health Care
  • Horentek
  • Sebotek Hearing Systems
  • Siemens Ag

Company Profiles covers the analysis of important players.

Cochlear Ltd’s product portfolio includes bionic ear, cochlear implants, hearing implants, medical devices, bone conduction solutions. The company operates through three geographical segments: the EMEA region, the Americas, and the APAC region.   SIEMENS AG’s Healthineers segment provides clinical consulting and training and medical technology and software solutions. Furthermore, Siemens is considered as a co-brand with Sivantos’ Signia, which provides hearing aid solutions across the world.

Key Findings of the global hearing aids market:

  • Surging aging population
  • Hearing aid devices hold the largest market share in terms of products
  • Sensorineural hearing loss is a major type of hearing loss
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • SURGING AGING POPULATION
      • HEARING AID DEVICES HOLDS THE LARGEST MARKET SHARE IN TERMS OF PRODUCTS
      • SENSORINEURAL HEARING LOSS IS A MAJOR TYPE OF HEARING LOSS
  1. MARKET DETERMINANTS
    • MARKET DRIVERS
      • RISING AGING POPULATION
      • INCREASED USE OF BINAURAL FITTINGS
      • TECHNOLOGICAL ADVANCEMENTS
      • INCREASING PREVALENCE OF HEARING LOSS
    • MARKET RESTRAINTS
      • LOW PENETRATION RATE OF HEARING AIDS
      • SIGNIFICANT COST OF HEARING AIDS DEVICES
      • LACK OF AWARENESS AND SOCIAL STIGMA
    • MARKET OPPORTUNITIES
      • INCORPORATION OF LITHIUM-ION BATTERIES IN HEARING AIDS
      • HIGH PREVALENCE OF HEARING LOSS IN EMERGING COUNTRIES
    • MARKET CHALLENGES
      • COMPETITION FROM COCHLEAR IMPLANTS
      • REIMBURSEMENT ISSUES
  1. MARKET SEGMENTATION
    • MARKET BY TYPES OF HEARING LOSS 2019-2027
      • SENSORINEURAL HEARING LOSS
      • CONDUCTIVE HEARING LOSS
    • MARKET BY PATIENT TYPE 2019-2027
      • ADULTS
      • PEDIATRICS
    • MARKET BY PRODUCTS 2019-2027
      • HEARING AID DEVICES
        • RECEIVER-IN-THE –EAR
        • BEHIND THE EAR
        • CANAL
          • CIC HEARING AIDS DEVICES
          • ITC HEARING AID DEVICES
          • IIC HEARING AID DEVICES
        • IN-THE-EAR
        • OTHER HEARING DEVICE
      • HEARING IMPLANTS
        • COCHLEAR IMPLANTS
        • BONE-ANCHORED SYSTEMS
  1. KEY ANALYTICS
    • PORTER’S 5 FORCES MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF BUYER
      • BARGAINING POWER OF SUPPLIER
      • INTENSITY OF COMPETITIVE RIVALRY
    • KEY TRENDS
    • SUPPLY CHAIN ANALYSIS
      • SUPPLIERS
      • RESEARCH & DEVELOPMENT
      • ASSEMBLY & MANUFACTURING
      • RETAIL & MARKETING
      • END USERS
    • KEY BUYING CRITERIA
    • REGULATORY FRAMEWORK
  2. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • THE UNITED STATES
      • CANADA
    • EUROPE
      • THE UNITED KINGDOM
      • FRANCE
      • GERMANY
      • SPAIN
      • ITALY
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • INDIA
      • JAPAN
      • AUSTRALIA
      • SOUTH KOREA
      • REST OF APAC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA
  1. COMPANY PROFILES
    • COMPETITIVE LANDSCAPE
      • COMPANY MARKET SHARE
    • AMPLIFON HEARING HEALTH CARE
      • COMPANY OVERVIEW
      • PRODUCT PORTFOLIO
      • SCOT ANALYSIS
      • STRATEGIC INITIATIVES
    • ARPHI ELECTRONICS PVT. LTD.
      • COMPANY OVERVIEW
      • PRODUCT PORTFOLIO
      • SCOT ANALYSIS
    • AUDINA HEARING INSTRUMENTS
      • COMPANY OVERVIEW
      • PRODUCT PORTFOLIO
      • SCOT ANALYSIS
    • COCHLEAR LTD
      • COMPANY OVERVIEW
      • PRODUCT PORTFOLIO
      • SCOT ANALYSIS
      • STRATEGIC INITIATIVES
    • GN STORE NORD
      • COMPANY OVERVIEW
      • PRODUCT PORTFOLIO
      • SCOT ANALYSIS
      • STRATEGIC INITIATIVES
    • HORENTEK
      • COMPANY OVERVIEW
      • PRODUCT PORTFOLIO
      • SCOT ANALYSIS
    • MED-EL
      • COMPANY OVERVIEW
      • PRODUCT PORTFOLIO
      • SCOT ANALYSIS
      • STRATEGIC INITIATIVES
    • MICROSON
      • COMPANY OVERVIEW
      • PRODUCT PORTFOLIO
      • SCOT ANALYSIS
    • RION CO., LTD.
      • COMPANY OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC INITIATIVES
    • SEBOTEK HEARING SYSTEMS
      • COMPANY OVERVIEW
      • PRODUCT PORTFOLIO
      • SCOT ANALYSIS
    • SIEMENS AG
      • COMPANY OVERVIEW
      • PRODUCT PORTFOLIO
      • SCOT ANALYSIS
      • STRATEGIC INITIATIVE
    • SONOVA HOLDING AG
      • COMPANY OVERVIEW
      • PRODUCT PORTFOLIO
      • SCOT ANALYSIS
      • STRATEGIC INITIATIVES
    • STARKEY HEARING TECHNOLOGIES
      • COMPANY OVERVIEW
      • PRODUCT PORTFOLIO
      • SCOT ANALYSIS
      • STRATEGIC INITIATIVES
    • WILLIAM DEMANT HOLDING A/S
      • COMPANY OVERVIEW
      • PRODUCT PORTFOLIO
      • SCOT ANALYSIS
      • STRATEGIC INITIATIVES
    • ZOUNDS HEARING, INC.
      • COMPANY OVERVIEW
      • PRODUCT PORTFOLIO
      • SCOT ANALYSIS

LIST OF TABLES

TABLE  1      GLOBAL HEARING AIDS MARKET BY GEOGRAPHY 2019-2027 ($ MILLION)

TABLE  2      GLOBAL HEARING AIDS MARKET BY TYPES OF HEARING LOSS 2019-2027 ($ MILLION)

TABLE  3      GLOBAL HEARING AIDS MARKET IN SENSORINEURAL HEARING LOSS BY GEOGRAPHY 2019-2027 ($ MILLION)

TABLE  4      GLOBAL HEARING AIDS MARKET IN CONDUCTIVE HEARING LOSS BY GEOGRAPHY 2019-2027 ($ MILLION)

TABLE  5      GLOBAL HEARING AIDS MARKET BY PATIENT TYPE 2019-2027 ($ MILLION)

TABLE  6      GLOBAL HEARING AIDS MARKET IN ADULTS BY GEOGRAPHY 2019-2027 ($ MILLION)

TABLE  7      GLOBAL HEARING AIDS MARKET IN PEDIATRICS BY GEOGRAPHY 2019-2027 ($ MILLION)

TABLE  8      GLOBAL HEARING AIDS MARKET BY PRODUCTS 2019-2027 ($ MILLION)

TABLE  9      GLOBAL HEARING AIDS MARKET IN HEARING AID DEVICES BY GEOGRAPHY 2019-2027 ($ MILLION)

TABLE  10    GLOBAL HEARING AIDS MARKET IN HEARING AID DEVICES BY TYPES 2019-2027 ($ MILLION)

TABLE  11    GLOBAL HEARING AID DEVICES MARKET IN CANAL BY TYPES 2019-2027 ($ MILLION)

TABLE  12    GLOBAL HEARING AIDS MARKET IN HEARING IMPLANTS BY GEOGRAPHY 2019-2027 ($ MILLION)

TABLE  13    PREVALENCE OF HEARING LOSS AMONGST POPULATION WORLDWIDE FOR EACH REGION (2018)

TABLE  14    HEALTHCARE SPENDING AMONG THE NATIONS WORLDWIDE

TABLE  15    GLOBAL HEARING AIDS MARKET BY GEOGRAPHY 2019-2027 ($ MILLION)

TABLE  16    NORTH AMERICA HEARING AIDS MARKET 2019-2027 ($ MILLION)

TABLE  17    THE UNITED STATES HEARING AIDS MARKET BY PATIENTS TYPE 2019-2027 ($ MILLION)

TABLE  18    CANADA HEARING AIDS MARKET BY PATIENTS TYPE 2019-2027 ($ MILLION)

TABLE  19    EUROPE HEARING AIDS MARKET 2019-2027 ($ MILLION)

TABLE  20    THE UNITED KINGDOM HEARING AIDS MARKET BY PATIENT TYPES 2019-2027 ($ MILLION)

TABLE  21    GERMANY HEARING AIDS MARKET BY PATIENT TYPES 2019-2027 ($ MILLION)

TABLE  22    SPAIN HEARING AIDS MARKET 2019-2027 BY PATIENT TYPES ($ MILLION)

TABLE  23    ITALY HEARING AIDS MARKET BY PATIENT TYPES 2019-2027 ($ MILLION)

TABLE  24    REST OF EUROPE HEARING AIDS MARKET BY PATIENT TYPES 2019-2027 ($ MILLION)

TABLE  25    ASIA PACIFIC  HEARING AIDS MARKET 2019-2027 ($ MILLION)

TABLE  26    CHINA HEARING AIDS MARKET BY PATIENT TYPES 2019-2027 ($ MILLION)

TABLE  27    INDIA HEARING AIDS MARKET BY PATIENT TYPES 2019-2027 ($ MILLION)

TABLE  28    JAPAN HEARING AIDS MARKET BY PATIENT TYPES 2019-2027 ($ MILLION)

TABLE  29    AUSTRALIA HEARING AIDS MARKET BY PATIENT TYPES 2019-2027 ($ MILLION)

TABLE  30    SOUTH KOREA HEARING AIDS MARKET BY PATIENT TYPES 2019-2027 ($ MILLION)

TABLE  31    REST OF APAC HEARING AIDS MARKET BY PATIENT TYPES 2019-2027 ($ MILLION)

TABLE  32    REST OF WORLD HEARING AIDS MARKET 2019-2027 ($ MILLION)

TABLE  33    LATIN AMERICA HEARING AIDS MARKET BY PATIENT TYPES 2019-2027 ($ MILLION)

TABLE  34    MIDDLE EAST & AFRICA HEARING AIDS MARKET BY PATIENT TYPES 2019-2027 ($ MILLION)

LIST OF FIGURES

FIGURE  1    GLOBAL HEARING AIDS MARKET 2019-2027 ($ MILLION)

FIGURE  2    PREVALENCE OF DISABLING HEARING LOSS AMONG ADULTS AND OLDER

FIGURE  3    PERSON AGED 60 YEARS OR ABOVE BY GEOGRAPHY (IN MILLION)

FIGURE  4    NUMBER OF PEOPLE WITH HEARING LOSS

FIGURE  5    GLOBAL HEARING AID DEVICES MARKET IN RECEIVER-IN-THE –EAR 2019-2027 ($ MILLION)

FIGURE  6    GLOBAL HEARING AID DEVICES MARKET IN BEHIND THE EAR 2019-2027 ($ MILLION)

FIGURE  7    GLOBAL HEARING AID DEVICES MARKET IN CANAL 2019-2027 ($ MILLION)

FIGURE  8    GLOBAL CANAL MARKET IN CIC HEARING AIDS DEVICES 2019-2027 ($ MILLION)

FIGURE  9    GLOBAL CANAL MARKET IN ITC HEARING AID DEVICES 2019-2027 ($ MILLION)

FIGURE  10  GLOBAL CANAL MARKET IN IIC HEARING AID DEVICES 2019-2027 ($ MILLION)

FIGURE  11  GLOBAL HEARING AID DEVICES MARKET IN IN-THE-EAR 2019-2027 ($ MILLION)

FIGURE  12  GLOBAL HEARING AID DEVICES MARKET IN OTHER HEARING DEVICE 2019-2027 ($ MILLION)

FIGURE  13  GLOBAL HEARING IMPLANTS MARKET IN COCHLEAR IMPLANTS 2019-2027 ($ MILLION)

FIGURE  14  GLOBAL HEARING IMPLANTS MARKET IN BONE-ANCHORED SYSTEMS  2019-2027 ($ MILLION)

FIGURE  15  PREVALENCE OF HEARING LOSS AMONG DIFFERENT CATEGORIES GLOBALLY 2018 (%)

FIGURE  16  GLOBAL HEARING IMPAIRED PATIENTS IN TERMS OF AGE GROUP IN 2018 (%)

FIGURE  17  HEALTHCARE EXPENDITURE IN TERMS OF PURCHASING POWER PARITY 2016 TO 2025 ($ TRILLION)

FIGURE  18  SUPPLY CHAIN ANALYSIS IN HEARING AIDS INDUSTRY

FIGURE  19  KEY BUYING CRITERIA: GLOBAL HEARING AIDS MARKET

FIGURE  20  THE UNITED STATES HEARING AIDS MARKET 2019-2027 ($ MILLION)

FIGURE  21  CANADA HEARING AIDS MARKET 2019-2027 ($ MILLION)

FIGURE  22  THE UNITED KINGDOM HEARING AIDS MARKET 2019-2027 ($ MILLION)

FIGURE  23  FRANCE HEARING AIDS MARKET 2019-2027 ($ MILLION)

FIGURE  24  FRANCE HEARING AIDS MARKET BY PATIENT TYPES 2019-2027 ($ MILLION)

FIGURE  25  GERMANY HEARING AIDS MARKET 2019-2027 ($ MILLION)

FIGURE  26  SPAIN HEARING AIDS MARKET 2019-2027 ($ MILLION)

FIGURE  27  ITALY HEARING AIDS MARKET 2019-2027 ($ MILLION)

FIGURE  28  REST OF EUROPE HEARING AIDS MARKET 2019-2027 ($ MILLION)

FIGURE  29  CHINA HEARING AIDS MARKET 2019-2027 ($ MILLION)

FIGURE  30  INDIA HEARING AIDS MARKET 2019-2027 ($ MILLION)

FIGURE  31  JAPAN HEARING AIDS MARKET 2019-2027 ($ MILLION)

FIGURE  32  AUSTRALIA  HEARING AIDS MARKET 2019-2027 ($ MILLION)

FIGURE  33  SOUTH KOREA HEARING AIDS MARKET 2019-2027 ($ MILLION)

FIGURE  34  REST OF APAC HEARING AIDS MARKET 2019-2027 ($ MILLION)

FIGURE  35  LATIN AMERICA HEARING AIDS MARKET 2019-2027 ($ MILLION)

FIGURE  36  MIDDLE EAST & AFRICA HEARING AIDS MARKET 2019-2027 ($ MILLION)

FIGURE  37  GLOBAL HEARING AIDS COMPANY MARKET SHARE  2017 (% REVENUE)

  1. MARKET SEGMENTATION
    • MARKET BY TYPES OF HEARING LOSS 2019-2027
      • SENSORINEURAL HEARING LOSS
      • CONDUCTIVE HEARING LOSS
    • MARKET BY PATIENT TYPE 2019-2027
      • ADULTS
      • PEDIATRICS
    • MARKET BY PRODUCTS 2019-2027
      • HEARING AID DEVICES
        • RECEIVER-IN-THE –EAR
        • BEHIND THE EAR
        • CANAL
          • CIC HEARING AIDS DEVICES
          • ITC HEARING AID DEVICES
          • IIC HEARING AID DEVICES
        • IN-THE-EAR
        • OTHER HEARING DEVICE
      • HEARING IMPLANTS
        • COCHLEAR IMPLANTS
        • BONE-ANCHORED SYSTEMS
  1. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • THE UNITED STATES
      • CANADA
    • EUROPE
      • THE UNITED KINGDOM
      • FRANCE
      • GERMANY
      • SPAIN
      • ITALY
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • INDIA
      • JAPAN
      • AUSTRALIA
      • SOUTH KOREA
      • REST OF APAC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA

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