Hearing Aids Market Research Report - Forecast till 2027

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)

Segmentation

By Product Devices Implants Accessories
By Product Type Wired Wireless
Type of Hearing Loss Sensorineural Conductive
Technology Type Digital Hearing Aids Analog Hearing Aids
Distribution Channel Retail Stores E Commerce

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
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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

  • Increasing incidence of hearing loss
  • Launch of new products
  • Increasing geriatric population
  • Rising awareness about hearing loss treatment


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    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

    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.