Hearing Aids Market Research Report: By Product (Devices, Implants, Accessories), By Product Type (Wired, Wireless), Type of Hearing Loss (Sensorineural, Conductive, Others), Technology Type (Digital Hearing Aids, Analog Hearing Aids) and Distribution Channel (Retail Stores, E-Commerce, Others) - Forecast to 2030
ID: MRFR/HC/6892-HCR | February 2021 | Region: Global | 111 Pages
Table of Contents
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
Chapter 5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of New Entrants
5.1.4 Threat of Substitutes
5.1.5 Intensity of Rivalry
5.2 Value Chain Analysis
Chapter 6. Global Hearing Aids Market, by Product
6.1 Overview
6.2 Devices
6.2.1 In the Ear (ITE) Aids
6.2.2 Behind the Ear (BTE) Aids
6.2.2.1 Receiver in the Ear (RITE)/ Receiver in Canal (RIC)
6.2.2.2 Behind the Ear with Earmold
6.2.3 Canal Hearing Aids
6.2.3.1 Invisible in the Canal (IIC) Aids
6.2.3.2 Completely in Canal (CIC) Aids
6.2.3.3 In the Canal (ITC) Aids
6.3 Implants
6.3.1 Cochlear Implants
6.3.2 Acoustic Implants
6.4 Accessories
Chapter 7. Global Hearing Aids Market, by Product Type
7.1 Introduction
7.2 Wired
7.3 Wireless
Chapter 8. Global Hearing Aids Market, by Type of Hearing Loss
8.1 Introduction
8.2 Sensorineural
8.3 Conductive
8.4 Others
Chapter 9. Global Hearing Aids Market, by Technology Type
9.1 Introduction
9.2 Digital Hearing Aids
9.3 Analog Hearing Aids
Chapter 10. Global Hearing Aids Market, by Distribution Channel
10.1 Introduction
10.2 Retail Stores
10.3 E-Commerce
10.4 Others
Chapter 11. Global Hearing Aids Market, by Region
11.1 Introduction
11.2 Americas
11.2.1 North America
11.2.1.1 US
11.2.1.2 Canada
11.2.2 Latin America
11.3 Europe
11.3.1 Western Europe
11.3.1.1 Germany
11.3.1.2 France
11.3.1.3 Italy
11.3.1.4 Spain
11.3.1.5 UK
11.3.1.6 Rest of Western Europe
11.3.2 Eastern Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 South Korea
11.4.6 Rest of Asia-Pacific
11.5 Middle East & Africa
Chapter 12. Competitive Landscape
12.1 Overview
12.2 Competitive Analysis
12.3 Market Share Analysis
12.4 Major Growth Strategy in the Global Cough & Cold Treatment Market
12.5 Competitive Benchmarking
12.6 Leading Player in terms of Number of Developments in Global Cough & Cold Treatment Market
12.7 Key Developments & Growth Strategies
12.7.1 New Product Launch/Service Deployment
12.7.2 Merger & Acquisition
12.7.3 Joint Ventures
12.8 Major Players Financial Matrix & Market Ratio
12.8.1 Sales & Operating Income 2020
12.8.2 Major Players R&D Expenditure 2020
12.8.3 Major Players Capital Market Ratio
Chapter 13 Company Profiles
13.1 Sonova
13.1.1. Company Overview
13.1.2. Financial Overview
13.1.3. Treatments Offered
13.1.4. Key Developments
13.1.5. SWOT Analysis
13.1.6. Key Strategies
13.2 Cochlear Ltd.
13.2.1 Company Overview
13.2.2 Financial Overview
13.2.3 Treatments Offered
13.2.4 Key Developments
13.2.5 SWOT Analysis
13.2.6 Key Strategies
13.3 GN Store Nord A/S
13.3.1 Company Overview
13.3.2 Financial Overview
13.3.3 Treatments Offered
13.3.4 Key Developments
13.3.5 SWOT Analysis
13.3.6 Key Strategies
13.4 Sivantos Pte. Ltd.
13.4.1 Company Overview
13.4.2 Financial Overview
13.4.3 Treatments Offered
13.4.4 Key Developments
13.4.5 SWOT Analysis
13.4.5 Key Strategies
13.5 Arphi Electronics Private Limited
13.5.1 Company Overview
13.5.2 Financial Overview
13.5.3 Treatments Offered
13.5.4 Key Developments
13.5.5 SWOT Analysis
13.5.6 Key Strategies
13.6 Demant A/S
13.6.1 Company Overview
13.6.2 Financial Overview
13.6.3 Treatments Offered
13.6.4 Key Developments
13.6.5 SWOT Analysis
13.6.6 Key Strategies
13.7 Starkey
13.7.1 Company Overview
13.7.2 Financial Overview
13.7.3 Treatments Offered
13.7.4 Key Developments
13.7.5 SWOT Analysis
13.7.6 Key Strategies
13.8 WIDEX INDIA PRIVATE LIMITED
13.8.1 Company Overview
13.8.2 Financial Overview
13.8.3 Treatments Offered
13.8.4 Key Developments
13.8.5 SWOT Analysis
13.8.6 Key Strategies
13.9 Zounds Hearing
13.9.1 Company Overview
13.9.2 Financial Overview
13.9.3 Treatments Offered
13.9.4 Key Developments
13.9.5 SWOT Analysis
13.9.6 Key Strategies
13.10 SeboTek Hearing Systems, LLC
13.10.1 Company Overview
13.10.2 Financial Overview
13.10.3 Treatments Offered
13.10.4 Key Developments
13.10.5 SWOT Analysis
13.10.6 Key Strategies
13.11 Audina Hearing Instruments, Inc.
13.11.1 Company Overview
13.11.2 Financial Overview
13.11.3 Treatments Offered
13.11.4 Key Developments
13.11.5 SWOT Analysis
13.11.5 Key Strategies
13.12 Microson
13.12.1 Company Overview
13.12.2 Financial Overview
13.12.3 Treatments Offered
13.12.4 Key Developments
13.12.5 SWOT Analysis
13.12.6 Key Strategies
13.13 Others
13.13.1 Company Overview
13.13.2 Financial Overview
13.13.3 Treatments Offered
13.13.4 Key Developments
13.13.5 SWOT Analysis
13.13.6 Key Strategies
Chapter 14. Appendix
14.1. References
14.2. Related Reports
LIST OF TABLES
Table 1 Global Hearing Aids Synopsis, 2020-2027
Table 2 Global Hearing Aids Market Estimates & Forecast, 2020-2027, (USD Million)
Table 3 Global Hearing Aids Market, by Region, 2020-2027(USD Million)
Table 4 Global Hearing Aids Market, by Product, 2020-2027(USD Million)
Table 5 Global Hearing Aids Market, by Product Type, 2020-2027(USD Million)
Table 6 Global Hearing Aids Market, by Type of Hearing Loss, 2020-2027(USD Million)
Table 7 Global Hearing Aids Market, by Technology Type, 2020-2027(USD Million)
Table 8 Global Hearing Aids Market, by Distribution Channel, 2020-2027(USD Million)
Table 9 Americas: Hearing Aids Market, by Product, 2020-2027(USD Million)
Table 10 Americas: Hearing Aids Market, by Product Type, 2020-2027(USD Million)
Table 11 Americas: Hearing Aids Market, by Type of Hearing Loss, 2020-2027(USD Million)
Table 12 Americas: Hearing Aids Market, by Technology Type, 2020-2027(USD Million)
Table 13 Americas: Hearing Aids Market, by Distribution Channel, 2020-2027(USD Million)
Table 14 Americas: Hearing Aids Market, by Region, 2020-2027(USD Million)
Table 15 North America: Hearing Aids Market, by Product, 2020-2027(USD Million)
Table 16 North America: Hearing Aids Market, by Product Type, 2020-2027(USD Million)
Table 17 North America: Hearing Aids Market, by Type of Hearing Loss, 2020-2027(USD Million)
Table 18 North America: Hearing Aids Market, by Technology Type, 2020-2027(USD Million)
Table 19 North America: Hearing Aids Market, by Distribution Channel, 2020-2027(USD Million)
Table 20 Latin America: Hearing Aids Market, by Product, 2020-2027(USD Million)
Table 21 Latin America: Hearing Aids Market, by Product Type, 2020-2027(USD Million)
Table 22 Latin America: Hearing Aids Market, by Type of Hearing Loss, 2020-2027(USD Million)
Table 23 Latin America: Hearing Aids Market, by Technology Type, 2020-2027(USD Million)
Table 24 Latin America: Hearing Aids Market, by Distribution Channel, 2020-2027(USD Million)
Table 25 Europe: Hearing Aids Market, by Product, 2020-2027(USD Million)
Table 26 Europe: Hearing Aids Market, by Product Type, 2020-2027(USD Million)
Table 27 Europe: Hearing Aids Market, by Type of Hearing Loss, 2020-2027(USD Million)
Table 28 Europe: Hearing Aids Market, by Technology Type, 2020-2027(USD Million)
Table 29 Europe: Hearing Aids Market, by Distribution Channel, 2020-2027(USD Million)
Table 30 Europe: Hearing Aids Market, by Region, 2020-2027(USD Million)
Table 31 Western Europe: Hearing Aids Market, by Product, 2020-2027(USD Million)
Table 32 Western Europe: Hearing Aids Market, by Product Type, 2020-2027(USD Million)
Table 33 Western Europe: Hearing Aids Market, by Type of Hearing Loss, 2020-2027(USD Million)
Table 34 Western Europe: Hearing Aids Market, by Technology Type, 2020-2027(USD Million)
Table 35 Western Europe: Hearing Aids Market, by Distribution Channel, 2020-2027(USD Million)
Table 36 Eastern Europe: Hearing Aids Market, by Product, 2020-2027(USD Million)
Table 37 Eastern Europe: Hearing Aids Market, by Product Type, 2020-2027(USD Million)
Table 38 Eastern Europe: Hearing Aids Market, by Type of Hearing Loss, 2020-2027(USD Million)
Table 39 Eastern Europe: Hearing Aids Market, by Technology Type, 2020-2027(USD Million)
Table 40 Eastern Europe: Hearing Aids Market, by Distribution Channel, 2020-2027(USD Million)
Table 41 Asia-Pacific: Hearing Aids Market, by Product, 2020-2027(USD Million)
Table 42 Asia-Pacific: Hearing Aids Market, by Product Type, 2020-2027(USD Million)
Table 43 Asia-Pacific: Hearing Aids Market, by Type of Hearing Loss, 2020-2027(USD Million)
Table 44 Asia-Pacific: Hearing Aids Market, by Technology Type, 2020-2027(USD Million)
Table 45 Asia-Pacific: Hearing Aids Market, by Distribution Channel, 2020-2027(USD Million)
Table 46 Middle East & Africa: Hearing Aids Market, by Product, 2020-2027(USD Million)
Table 47 Middle East & Africa: Hearing Aids Market, by Product Type, 2020-2027(USD Million)
Table 48 Middle East & Africa: Hearing Aids Market, by Type of Hearing Loss, 2020-2027(USD Million)
Table 49 Middle East & Africa: Hearing Aids Market, by Technology Type, 2020-2027(USD Million)
Table 50 Middle East & Africa: Hearing Aids Market, by Distribution Channel, 2020-2027(USD Million)
LIST OF FIGURES
Figure 1 Research Process
Figure 2 Segmentation of the Global Hearing Aids Market
Figure 3 Market Dynamics for the Global Hearing Aids Market
Figure 4 Global Hearing Aids Market Share, by Product, 2020
Figure 5 Global Hearing Aids Market Share, by Product Type, 2020
Figure 6 Global Hearing Aids Market Share, by Type of Hearing Loss, 2020
Figure 7 Global Hearing Aids Market Share, by Technology Type, 2020
Figure 8 Global Hearing Aids Market Share, by Distribution Channel, 2020
Figure 9 Global Hearing Aids Market Share, by Region, 2020
Figure 10 Americas: Hearing Aids Market Share, by Region, 2020
Figure 11 North America: Hearing Aids Market Share, by Country, 2020
Figure 12 Latin America: Hearing Aids Market Share, by Country, 2020
Figure 13 Europe: Hearing Aids Market Share, by Country, 2020
Figure 14 Asia-Pacific: Hearing Aids Market Share, by Country, 2020
Figure 15 Middle East & Africa: Hearing Aids Market Share, by Country, 2020
Figure 16 Global Hearing Aids Market: Company Share Analysis, 2020 (%)
Figure 17 Sonova: Key Financials
Figure 18 Sonova: Segmental Revenue
Figure 19 Sonova: Regional Revenue
Figure 20 Cochlear Ltd.: Key Financials
Figure 21 Cochlear Ltd.: Segmental Revenue
Figure 22 Cochlear Ltd.: Regional Revenue
Figure 23 GN Store Nord A/S: Key Financials
Figure 24 GN Store Nord A/S: Segmental Revenue
Figure 25 GN Store Nord A/S: Regional Revenue
Figure 26 Sivantos Pte. Ltd.: Key Financials
Figure 27 Sivantos Pte. Ltd.: Segmental Revenue
Figure 28 Sivantos Pte. Ltd.: Regional Revenue
Figure 29 Arphi Electronics Private Limited: Key Financials
Figure 30 Arphi Electronics Private Limited: Regional Revenue
Figure 31 Arphi Electronics Private Limited: Key Financials
Figure 32 Demant A/S: Segmental Revenue
Figure 33 Demant A/S: Regional Revenue
Figure 34 Demant A/S: Key Financials
Figure 35 Starkey: Segmental Revenue
Figure 36 Starkey: Regional Revenue
Figure 37 Starkey: Key Financials
Figure 38 WIDEX INDIA PRIVATE LIMITED: Segmental Revenue
Figure 39 WIDEX INDIA PRIVATE LIMITED: Regional Revenue
Figure 40 WIDEX INDIA PRIVATE LIMITED: Key Financials
Figure 41 Zounds Hearing: Segmental Revenue
Figure 42 Zounds Hearing: Regional Revenue
Figure 43 Zounds Hearing: Key Financials
Figure 44 SeboTek Hearing Systems, LLC: Segmental Revenue
Figure 45 SeboTek Hearing Systems, LLC: Regional Revenue
Figure 46 SeboTek Hearing Systems, LLC: Key Financials
Figure 47 Audina Hearing Instruments, Inc.: Segmental Revenue
Figure 48 Audina Hearing Instruments, Inc.: Regional Revenue
Figure 49 Audina Hearing Instruments, Inc.: Key Financials
Figure 50 Microson: Segmental Revenue
Figure 51 Microson: Regional Revenue
Figure 52 Microson: Key Financials
Hearing Aids Market
Hearing Aids Market is expected to reach USD 15.32 Billion by 2030 at 8% CAGR during the forecast period (2022-2030)
$15.32 Billion
Market Size
8%
CAGR
Europe
Dominating Region
2022-2030
Forecast Period
Segmentation
Key Players
- Sonova (Switzerland)
- Cochlear Ltd (Australia)
- GN Store Nord A/S (Denmark)
- Sivantos Pte. Ltd (Singapore)
- Arphi Electronics Private Limited (India)
- Demant A/S (Denmark)
- Starkey (US)
- WIDEX INDIA PRIVATE LIMITED (Denmark)
- Zounds Hearing (US)
- SeboTek Hearing Systems
Drivers
- Increasing incidence of hearing loss
- Rising awareness about hearing loss treatment
Hearing Aids Market Overview
The Hearing Aids Market is predicted to meet at USD 15.32 Billion by 2030 at 8% CAGR during the forecast period (2022-2030). A hearing aid is a device that has been developed for people who are unable to hear for specific reasons. The recent technological advancement in the hearing aid device is fueling the customers' demand and increasing the demand of the Hearing Aids Market.
In the Hearing Aids Market, the device segment generates the largest Hearing Aids Market Size for the research period. In 2016, hearing aids were dispensed to nearly 3.65 million in the US region. Moreover, the accessories segment includes the products like hearing aid domes, batteries, and wireless streaming devices essential for developing the hearing aid experience and its maintenance. The wireless technology segment is considered the fastest and the largest segment due to its better efficiency and its easy methods to use. In the US region, 91.6% of the total hearing aids were contributed by the wireless hearing aids for 2018.
The Hearing Aids Market Forecast report has explained that analog hearing aids have dominated over the digital hearing aids, and the analog has predicted to decline the Hearing Aids Market Share for the assessment period due to the drawbacks such as the large size, lack of automatic adjustment, and single listening mode. Moreover, the global key players and manufacturers are adopting promotional methods and technological advancement to enhance the growth of the Hearing Aids Industry. Therefore, the global market growth has been expected to grow higher in the upcoming years.
COVID-19 Impact Analysis
The ongoing COVID-19 pandemic has changed the process of medical care delivery across various countries. Even many important appointments related to patient health have been canceled due to the limited capacities and resources. Therefore, the Hearing Aids Industry has been affected for a certain period of time.
However, the Hearing Aids Market Forecastreport has explained that the global key players and manufacturers played an important role in bringing new offers and promotional ideas to enhance the growth of the Hearing Aids Industry. Further, it is predicted that the global market will generate a higher market value for the forecast period.
Market Overview
- Major Drivers of the Market
The Hearing Aids Market is driving its growth due to several factors such as the launch of new products in the industry, increasing awareness about hearing loss treatment, the growing geriatric population worldwide, and the growing incidence of hearing loss.
According to World Health Organization (WHO) 2017 report, nearly 360 million people worldwide are suffering from hearing loss, and they belong to low and middle-income countries. Further, it is predicted that nearly 466 million people have disabling hearing loss till March 2019, and it will increase to 900 million by the end of the year 2050.
- Opportunity for the Global Market
The Hearing Aids Industry Trendshas lucrative opportunities for the market players due to the emerging economies of countries like South Korea, India, Vietnam, Malaysia, Israel, the UAE, and Saudi Arabia
Moreover, the global market has more growth opportunities due to the improvements in healthcare infrastructure, low regulatory barriers, rising healthcare expenditure, and a growing patient population.
- Market Restraints
The Hearing Aids Market Trends might face market restraints due to the low penetration of hearing aids and product recalls
Moreover, the Hearing Aids Industry growth might face market restraints due to the higher cost of hearing aid devices like bone-anchored systems and cochlear implants. This market restraint might arise in specific regions like Latin America, Asia Pacific, and Africa.
- Market Growth Challenges
The Global Hearing Aids Industry might face challenges due to the shortage of trained or skilled professionals to perform effectively with theENT procedures in various countries. The presence of a large target patient population can bring more challenges to the Hearing Aids Market. Along with that, the COVID-19 pandemic has also brought more challenges to the global market.
- Cumulative Growth Analysis
The American Hearing Aids Market is taking up the second-largest position in generating the Hearing Aids Industry Value due to the presence of key market players in the region and the high healthcare expenditure in the region. Moreover, the Asia-Pacific region is expected to be the fastest-growing market due to the growing affected cases of hearing disorders population and growing awareness about hearing aids.
Hence, the continuous growth of the global market in the various region has expected to enhance the Hearing Aids Industry Growth in the upcoming years.
Market segment Overview
- By Product:
The global Hearing Aids Industry has been classified into Implants, Devices, and accessories based on product segment.
Among these, the implant segment is the fastest-growing segment because of i5rts advancement in the technological field.
- By Product Type:
Based on product type segment, the global Hearing Aids Industry has been classified into wired and wireless.
The wireless segment has dominated the wired segment and is expected to generate a higher Hearing Aids Industry Share for the research period. Here, the declination of the wired segment has been evident.
- By Technology Type:
Based on the technology type segment, the global Hearing Aids Market has been classified into Analog Hearing Aids and Digital Hearing Aids.
Digital hearing aids are considered the fastest and largest growing segment for the forecast period. In The US region, nearly 90% of the total hearing aids were contributed by digital hearing aids.
- By Type of Hearing Loss:
Based on the type of hearing loss segment, the global Hearing Aids Market has been classified into Conductive, Sensorineural, and others
The sensorineural hearing loss incidence rises according to age. Accordingly, nearly 16/100000 are between 50 to 60, and nearly 5/100000 people are between20 to 30 years. On the other hand, the conductive type of hearing loss occurs when the current issue is in the sound waves transfer between the outer ear to the inner ear part.Moreover, other segments type can be auditory processing disorders and mixed types of hearing loss.
- By Distribution Channel:
Based on the distribution channel segment, the global Hearing Aids Market has been segmented into E-Commerce, Retail Stores, and others (senior citizen centers and research centers).
The retail stores are expected to generate the largest Hearing Aids Industry Size for the research period because it is considered the primary distribution point. Moreover, the E-commerce segment is predicted to be the second-largest segment for the research period.
Regional Analysis
The global Hearing Aids Market has been classified into various regions such as America, Asia-Pacific, Middle-East & Africa, and Europe.
Among these, the European market is predicted to generate the largest Hearing Aids Industry Value due to the increasingly sophisticated healthcare infrastructure and the increasing incidence of hearing loss. Moreover, the Middle East & Africa region is considered the smallest hearing aids Industry due to a lack of awareness about the hearing impairment treatment options and limited healthcare infrastructure in the region.
Competitive Landscape Analysis
According to the Hearing Aids Market Outlookreport, the global market has significant growth potential due to the innovative and productive ideas of the global key players such as:
- Sonova (Switzerland)
- Sivantos Pte. Ltd (Singapore)
- GN Store Nord A/S (Denmark)
- Cochlear Ltd (Australia)
- WIDEX INDIA PRIVATE LIMITED (Denmark)
- Microson (Spain)
- Arphi Electronics Private Limited (India)
- Zounds Hearing (US)
- Audina Hearing Instruments, Inc. (US)
- Demant A/S (Denmark)
- Starkey (US)
- SeboTek Hearing Systems, LLC (US)
The above-mentioned key players are playing an essential role in the Hearing Aids Industry Growth for future development. Out of all, the Sonova (Switzerland) groupoperates with the brands Unitron,Hansaton, Phonak, and Advanced Bionics.
Recent Development
- In February 2021, ReSound Key was launched by GN Hearing (Denmark). It is a hearing aid line-up that offers potential access to its award-winning and proven hearing technology across the globe.
Report Overview
According to the Hearing Aids Market Analysisreport, the global market has involved primary and secondary research methods to understand the global market conditions. Through this methods, many interviews and data collection process has been conducted. This report has gathered the data related to the market overview, market segments, market dynamics, regional analysis, and competitive landscape analysis.
Along with that, theHearing Aids Industry Analysisreport has also highlighted the recent growth and development of the global market. In addition, the report has also given the focus on the market size, market value, and market share for the forecast period.
Segmental Table:
By Product:
- Implants,
- Devices,
- Accessories
By Product Type:
- Wired
- Wireless
By Technology Type:
- Analog Hearing Aids,
- Digital Hearing Aids
By Type of Hearing Loss:
- Conductive,
- Sensorineural,
- others
By Distribution Channels:
- E-Commerce,
- Retail Stores,
- others (senior citizen centers and research centers)
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | USD 15.32 Billion |
| CAGR | 8% |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Data | 2021 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product, Product Type, Type of Hearing Loss, Technology Type, Distribution Channel |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Sonova (Switzerland) – The group operates through its brands Phonak, Advanced Bionics, Unitron, and Hansaton, Cochlear Ltd (Australia), GN Store Nord A/S (Denmark), Sivantos Pte. Ltd (Singapore), Arphi Electronics Private Limited (India), Demant A/S (Denmark), Starkey (US), WIDEX INDIA PRIVATE LIMITED (Denmark), Zounds Hearing (US), SeboTek Hearing Systems, LLC (US), Audina Hearing Instruments, Inc. (US), Microson (Spain) |
| Key Market Opportunities | New product launches and R&D Amongst major key Players |
| Key Market Drivers |
|
Frequently Asked Questions (FAQ) :
Technological advancements for the development of products by hearing aids manufacturers which along with improved hearing experience also have sleek appearance promoting the use of hearing aids.
The hearing aids market is projected to reach a valuation of USD 15.32 Billion by 2030
The hearing aids market is projected to grow at approximately at 8% CAGR by 2030
Increasing incidences of hearing impairments.
North America holds the largest share in the hearing aids market followed by Europe and Asia Pacific, respectively.
Cochlear Ltd. (Australia), Sonova (Switzerland), GN Store Nord A/S (Denmark), Arphi Electronics Private Limited (India), Sivantos Pte. Ltd. (Singapore), Demant A/S (Denmark), Widex India Private Limited (Denmark), Starkey (US), SeboTek Hearing Systems, LLC (US), Zounds Hearing (US), Microson (Spain), and Audina Hearing Instruments, Inc. (US), are some of the major players operating in the hearing aids market.
