HOME Top Market Reports Hearing Aids Market by Product (Receiver-In-The-Ear, Behind-The-Ear, In-The-Ear, Canal Hearing Aids, Cochlear Implants, Bone Anchored Systems), Hearing Loss (Sensorineural, Conductive), End-User (Adults, Pediatrics) - Global Forecasts to 2020

Hearing Aids Market by Product (Receiver-In-The-Ear, Behind-The-Ear, In-The-Ear, Canal Hearing Aids, Cochlear Implants, Bone Anchored Systems), Hearing Loss (Sensorineural, Conductive), End-User (Adults, Pediatrics) - Global Forecasts to 2020

By: marketsandmarkets.com
Publishing Date: November 2015
Report Code: MD 3864

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The global hearing aids market is expected to reach USD 8,373.9 Million by 2020 from USD 6,183.3 Million in 2015, at a CAGR of 6.3%. The global market is broadly classified into hearing aid devices and hearing implants. The hearing aid devices segment is expected to account for the largest share of the global hearing aids products market in 2015.

On the basis of type of hearing loss, the market is segmented into sensorineural and conductive. The sensorineural segment is expected to account for the largest share of the global market in 2015. On the basis of end-users, the market has been segmented into adult and pediatric. The adult segment is expected to account for the largest share of the global hearing aids market in 2015.

Geographically, the hearing aid market is dominated by Europe, followed by North America, Asia, and the Rest of the World (RoW). Growth in the European segment is primarily driven by high prevalence of hearing loss, increasing aging population, and technological advancements in the European countries.

The major players in the hearing aids market are Cochlear Limited (Australia), GN Store Nord A/S (Denmark), MED-EL (Austria), SeboTek Hearing Systems, LLC (U.S.), Sivantos Pte. Ltd. (Singapore), Sonova (Switzerland), Starkey Hearing Technologies, Inc. (U.S.), Widex (Denmark), William Demant Holding A/S (Denmark), and Zounds Hearing, Inc. (U.S.).

Target Audience for this Report:

  • Hearing Aids Device Manufacturers
  • Healthcare Institutions (Hospitals and Clinics)
  • Hearing aids Service Providers
  • Research Institutions
  • Research and Consulting Firms
  • Audiology centers

Value Addition for the Buyer:

This report aims to provide insights into the global hearing aids market. It provides valuable information on the products, type of hearing loss, and end-users in the market. Furthermore, the information for these segments, by region, is also presented in this report. Leading players in the market are profiled to study their product offerings and understand the strategies undertaken by them to be competitive in this market.

The above-mentioned information would benefit the buyer by helping them understand the market dynamics. In addition, the forecasts provided in the report will enable firms to understand the trends in this market and better position themselves to capitalize the growth opportunities.

Scope of the Report:

This report categorizes the hearing aids market into the following segments:

Hearing Aids Market, by Products

  • Hearing Aid Devices
    • Receiver-in-the-ear
    • Behind-the-ear
    • In-the-ear
    • Canal Hearing Aids
    • Others
  • Hearing Implants
    • Cochlear Implants
    • Bone Anchored Systems

Hearing Aids Market, by Type of Hearing Loss

  • Sensorineural
  • Conductive

Hearing Aids Market, by End-user

  • Adult
  • Pediatric

Hearing Aids Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • RoE
  • Asia
    • Japan
    • China
    • India
    • Rest of Asia (RoA)
  • Rest of the World (RoW)

Customization Options:

  • Company Information: Detailed company profiles of five or more market players
  • Opportunities Assessment: A detailed report underlining the various growth opportunities presented in the market

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitation
    1.6 Market Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Market Size Estimation
    2.2 Market Breakdown and Data Triangulation
    2.3 Market Share Estimation
    2.4 Key Data From Secondary Sources
    2.5 Key Data From Primary Sources
    2.6 Key Industry Insights
    2.7 Assumptions for the Study

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 34)
    4.1 Hearing AIDS Market Overview
    4.2 Hearing AID Devices Market, By Type
    4.3 Geographical Snapshot of the Hearing AIDS Market
    4.4 Hearing Implants Market, By Type
    4.5 Geographic Analysis: Market, By Type of Hearing Loss
    4.6 Geographic Analysis: Market, By End User
    4.7 Lifecycle Analysis, By Region

5 Market Overview (Page No. - 42)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Market Segmentation, By Product
           5.2.2 Market Segmentation, By Type of Hearing Loss
           5.2.3 Market Segmentation, By End User
           5.2.4 Market Segmentation, By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Rapid Growth in Aging Population
                    5.3.1.2 High Prevalence of Hearing Loss
                    5.3.1.3 Technological Advancements in Hearing AIDS
           5.3.2 Restraints
                    5.3.2.1 High Cost of Hearing AIDS
                    5.3.2.2 Low Penetration Rate of Hearing AIDS
           5.3.3 Opportunities
                    5.3.3.1 Growth Potential Offered By Emerging Countries
           5.3.4 Challenges
                    5.3.4.1 Unfavorable Reimbursement Scenario

6 Hearing AIDS Market, By Product (Page No. - 50)
    6.1 Introduction
    6.2 Hearing AID Devices
           6.2.1 Receiver-In-The-Ear (RITE) Hearing AIDS
           6.2.2 Behind-The-Ear (BTE) Hearing AIDS
           6.2.3 Canal Hearing AIDS
           6.2.4 In-The-Ear (ITE) Hearing AIDS
           6.2.5 Other Hearing AIDS
    6.3 Hearing Implants
           6.3.1 Cochlear Implants
           6.3.2 Bone-Anchored Systems

7 Hearing AIDS Market, By Type of Hearing Loss (Page No. - 70)
    7.1 Introduction
    7.2 Sensorineural Hearing Loss
    7.3 Conductive Hearing Loss

8 Hearing AIDS Market, By End User (Page No. - 77)
    8.1 Introduction
    8.2 Adults
    8.3 Pediatrics

9 Hearing AIDS Market, By Region (Page No. - 85)
    9.1 Introduction
    9.2 Europe
           9.2.1 Germany
           9.2.2 France
           9.2.3 U.K.
           9.2.4 Italy
           9.2.5 Spain
           9.2.6 RoE
    9.3 North America
           9.3.1 U.S.
           9.3.2 Canada
    9.4 Asia
           9.4.1 Japan
           9.4.2 China
           9.4.3 India
           9.4.4 Rest of Asia
    9.5 Rest of the World (RoW)

10 Competitive Landscape (Page No. - 128)
     10.1 Overview
     10.2 Market Share Analysis
             10.2.1 Global Hearing AIDS Market Share Analysis, By Key Player, 2014
                        10.2.1.1 North America: Market Share Analysis, By Key Player, 2014
                        10.2.1.2 Europe: Market Share Analysis, By Key Player, 2014
                        10.2.1.3 Asia: Market Share Analysis, By Key Player, 2014
             10.2.2 Global Hearing Implants Market Share Analysis, By Key Player, 2014
                        10.2.2.1 North America: Hearing Implants Market Share Analysis, By Key Player, 2014
                        10.2.2.2 Europe: Hearing Implants Market Share Analysis, By Key Player, 2014
                        10.2.2.3 Asia: Hearing Implants Market Share Analysis, By Key Player, 2014
     10.3 Competitive Situation and Trends
             10.3.1 New Product Launches
             10.3.2 Regulatory Approvals
             10.3.3 Agreements, Partnerships, and Collaborations
             10.3.4 Acquisitions
             10.3.5 Other Developments

11 Company Profiles (Page No. - 138)
     11.1 Introduction
     11.2 Sonova Holding Ag
             11.2.1 Business Overview
             11.2.2 Products Offered
             11.2.3 Recent Developments
             11.2.4 MnM View
     11.3 William Demant Holding A/S
             11.3.1 Business Overview
             11.3.2 Products Offered
             11.3.3 Recent Developments
             11.3.4 MnM View
     11.4 GN Store Nord A/S
             11.4.1 Business Overview
             11.4.2 Products Offered
             11.4.3 Recent Developments
             11.4.4 MnM View
     11.5 Cochlear Limited
             11.5.1 Business Overview
             11.5.2 Products Offered
             11.5.3 Recent Developments
             11.5.4 MnM View
     11.6 Sivantos Pte. Ltd.
             11.6.1 Business Overview
             11.6.2 Products Offered
             11.6.3 Recent Developments
     11.7 Starkey Hearing Technologies, Inc.
             11.7.1 Business Overview
             11.7.2 Products Offered
             11.7.3 Recent Developments
     11.8 Widex
             11.8.1 Business Overview
             11.8.2 Products Offered
             11.8.3 Recent Developments
     11.9 Med-El
             11.9.1 Business Overview
             11.9.2 Products Offered
             11.9.3 Recent Developments
     11.10 Zounds Hearing, Inc.
             11.10.1 Business Overview
             11.10.2 Products Offered
             11.10.3 Recent Developments
     11.11 Sebotek Hearing Systems, Llc
             11.11.1 Business Overview
             11.11.2 Products Offered
             11.11.3 Recent Developments

12 Appendix (Page No. - 165)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Available Customizations
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Related Reports


List of Tables (140 Tables)

Table 1 Incidence of Hearing Loss, By Region, 2012 (Million)
Table 2 Growth in Aging Population and High Prevalence of Hearing Loss to Drive Market Growth
Table 3 High Cost of Hearing AIDS to Restrain Market Growth
Table 4 Emerging Countries to Provide Opportunities for Market Growth
Table 5 Unfavorable Reimbursement Scenario is A Major Challenge in the Market
Table 6 Hearing AIDS Market Size, By Type, 2013-2020 (USD Million)
Table 7 Hearing AIDS Devices Market Size, By Region, 2013-2020 (USD Million)
Table 8 Hearing AIDS Devices Market Size, By Region, 2013-2020 (Thousand Units)
Table 9 Hearing AIDS Devices Market Size, By Product, 2013-2020 (USD Million)
Table 10 Hearing AID Devices Market Size, By Product, 2013-2020 (Thousand Units)
Table 11 North America: Hearing AID Devices Market Size, By Country, 2013-2020 (USD Million)
Table 12 North America: Hearing AIDS Devices Market Size, By Country, 2013-2020 (Thousand Units)
Table 13 Europe: Hearing AID Devices Market Size, By Country, 2013-2020 (USD Million)
Table 14 Europe: Hearing AID Devices Market Size, By Country, 2013-2020 (Thousand Units)
Table 15 Asia: Hearing AID Devices Market Size, By Country, 2013-2020 (USD Million)
Table 16 Asia: Hearing AID Devices Market Size, By Country, 2013-2020 (Thousand Units)
Table 17 Receiver-In-The-Ear Market Size, By Region, 2013-2020 (USD Million)
Table 18 North America: Receiver-In-The-Ear Market Size, By Country, 2013-2020 (USD Million)
Table 19 Europe: Receiver-In-The-Ear Market Size, By Country, 2013-2020 (USD Million)
Table 20 Asia: Receiver-In-The-Ear Market Size, By Country, 2013-2020 (USD Million)
Table 21 Behind-The-Ear Market Size, By Region, 2013-2020 (USD Million)
Table 22 North America: Behind-The-Ear Market Size, By Country, 2013-2020 (USD Million)
Table 23 Europe: Behind-The-Ear Market Size, By Country, 2013-2020 (USD Million)
Table 24 Asia: Behind-The-Ear Market Size, By Country, 2013-2020 (USD Million)
Table 25 Canal Hearing AID Devices Market Size, By Region, 2013-2020 (USD Million)
Table 26 North America: Canal Hearing AID Devices Market Size, By Country, 2013-2020 (USD Million)
Table 27 Europe: Canal Hearing AID Devices Market Size, By Country, 2013-2020 (USD Million)
Table 28 Asia: Canal Hearing AID Devices Market Size, By Country, 2013-2020 (USD Million)
Table 29 In-The-Ear Hearing AIDS Market Size, By Region, 2013-2020 (USD Million)
Table 30 North America: In-The-Ear Hearing AID Market Size, By Country, 2013-2020 (USD Million)
Table 31 Europe: In-The-Ear Hearing AID Market Size, By Country, 2013-2020 (USD Million)
Table 32 Asia: In-The-Ear Hearing AIDS Market Size, By Country, 2013-2020 (USD Million)
Table 33 Other Hearing AID Devices Market Size, By Region, 2013-2020 (USD Million)
Table 34 North America: Other Hearing AID Devices Market Size, By Country, 2013-2020 (USD Million)
Table 35 Europe: Other Hearing AID Devices Market Size, By Country, 2013-2020 (USD Million)
Table 36 Asia: Other Hearing AID Devices Market Size, By Country, 2013-2020 (USD Million)
Table 37 Hearing Implants Market Size, By Region, 2013-2020 (USD Million)
Table 38 Hearing Implants Market Size, By Type, 2013-2020 (USD Million)
Table 39 North America: Hearing Implants Market Size, By Country, 2013-2020 (USD Million)
Table 40 Europe: Hearing Implants Market Size, By Country, 2013-2020 (USD Million)
Table 41 Asia: Hearing Implants Market Size, By Country, 2013-2020 (USD Million)
Table 42 Cochlear Implants Market Size, By Region, 2013-2020 (USD Million)
Table 43 Bone-Anchored Systems Market Size, By Region, 2013-2020 (USD Million)
Table 44 Hearing AIDS Market Size, By Type of Hearing Loss, 2013-2020 (USD Million)
Table 45 Sensorineural Hearing Loss Market Size, By Region, 2013-2020 (USD Million)
Table 46 North America: Sensorineural Hearing Loss Market Size, By Country, 2013-2020 (USD Million)
Table 47 Europe: Sensorineural Hearing Loss Market Size, By Country, 2013-2020 (USD Million)
Table 48 Asia: Sensorineural Hearing Loss Market Size, By Country, 2013-2020 (USD Million)
Table 49 Conductive Hearing Loss Market Size, By Region, 2013-2020 (USD Million)
Table 50 North America: Conductive Hearing Loss Market Size, By Country, 2013-2020 (USD Million)
Table 51 Europe: Conductive Hearing Loss Market Size, By Country, 2013-2020 (USD Million)
Table 52 Asia: Conductive Hearing Loss Market Size, By Country, 2013-2020 (USD Million)
Table 53 Hearing AIDS Market Size, By End User, 2013-2020 (USD Million)
Table 54 Hearing AIDS Market Size for Adult End Users, By Region, 2013-2020 (USD Million)
Table 55 North America: Hearing Aids Market Size for Adult End Users, By Country, 2013-2020 (USD Million)
Table 56 Europe: Hearing Aids Market Size for Adult End Users, By Country, 2013-2020 (USD Million)
Table 57 Asia: Hearing Aids Market Size for Adult End Users, By Country, 2013-2020 (USD Million)
Table 58 Hearing Aids Market Size for Pediatric End Users, By Region, 2013-2020 (USD Million)
Table 59 North America: Hearing Aids Market Size for Pediatric End Users, By Country, 2013-2020 (USD Million)
Table 60 Europe: Market Size for Pediatric End Users, By Country, 2013-2020 (USD Million)
Table 61 Asia: Market Size for Pediatric End Users, By Country, 2013-2020 (USD Million)
Table 62 Global Market Size, By Region, 2013-2020 (USD Million)
Table 63 Europe: Market Size, By Country, 2013-2020 (USD Million)
Table 64 Europe: Market Size, By Type, 2013-2020 (USD Million)
Table 65 Europe: Hearing AIDS Devices Market Size, By Type, 2013-2020 (USD Million)
Table 66 Europe: Hearing Implants Market Size, By Type, 2013-2020 (USD Million)
Table 67 Europe: Market Size, By Type of Hearing Loss, 2013-2020 (USD Million)
Table 68 Europe: Market Size, By End User, 2013-2020 (USD Million)
Table 69 Germany: Market Size, By Type, 2013-2020 (USD Million)
Table 70 Germany: Hearing AIDS Devices Market Size, By Type, 2013-2020 (USD Million)
Table 71 Germany: Market Size, By Type of Hearing Loss, 2013-2020 (USD Million)
Table 72 Germany: Market Size, By End User, 2013-2020 (USD Million)
Table 73 France: Market Size, By Type, 2013-2020 (USD Million)
Table 74 France: Hearing AID Devices Market Size, By Type, 2013-2020 (USD Million)
Table 75 France: Market Size, By Type of Hearing Loss, 2013-2020 (USD Million)
Table 76 France: Market Size, By End User, 2013-2020 (USD Million)
Table 77 U.K.: Market Size, By Type, 2013-2020 (USD Million)
Table 78 U.K.: Hearing AID Devices Market Size, By Type, 2013-2020 (USD Million)
Table 79 U.K.: Market Size, By Type of Hearing Loss, 2013-2020 (USD Million)
Table 80 U.K.: Market Size, By End User, 2013-2020 (USD Million)
Table 81 Italy: Market Size, By Type, 2013-2020 (USD Million)
Table 82 Italy: Hearing AIDS Devices Market Size, By Type, 2013-2020 (USD Million)
Table 83 Italy: Market Size, By Type of Hearing Loss, 2013-2020 (USD Million)
Table 84 Italy: Market Size, By End User, 2013-2020 (USD Million)
Table 85 Spain: Market Size, By Type, 2013-2020 (USD Million)
Table 86 Spain: Hearing AID Devices Market Size, By Type, 2013-2020 (USD Million)
Table 87 Spain: Market Size, By Type of Hearing Loss, 2013-2020 (USD Million)
Table 88 Spain: Market Size, By End User, 2013-2020 (USD Million)
Table 89 RoE: Market Size, By Type, 2013-2020 (USD Million)
Table 90 RoE: Hearing AID Devices Market Size, By Type, 2013-2020 (USD Million)
Table 91 RoE: Market Size, By Type of Hearing Loss, 2013-2020 (USD Million)
Table 92 RoE: Market Size, By End User, 2013-2020 (USD Million)
Table 93 North America: Market Size, By Country, 2013-2020 (USD Million)
Table 94 North America: Market Size, By Type, 2013-2020 (USD Million)
Table 95 North America: Hearing AID Devices Market Size, By Type, 2013-2020 (USD Million)
Table 96 North America: Hearing Implants Market Size, By Type, 2013-2020 (USD Million)
Table 97 North America: Market Size, By Type of Hearing Loss, 2013-2020 (USD Million)
Table 98 North America: Market Size, By End User, 2013-2020 (USD Million)
Table 99 U.S.: Market Size, By Type, 2013-2020 (USD Million)
Table 100 U.S.: Hearing AID Devices Market Size, By Type, 2013-2020 (USD Million)
Table 101 U.S.: Market Size, By Type of Hearing Loss, 2013-2020 (USD Million)
Table 102 U.S.: Market Size, By End User, 2013-2020 (USD Million)
Table 103 Canada: Market Size, By Type, 2013-2020 (USD Million)
Table 104 Canada: Hearing AID Devices Market Size, By Type, 2013-2020 (USD Million)
Table 105 Canada: Market Size, By Type of Hearing Loss, 2013-2020 (USD Million)
Table 106 Canada: Market Size, By End User, 2013-2020 (USD Million)
Table 107 Asia: Market Size, By Country, 2013-2020 (USD Million)
Table 108 Asia: Market Size, By Type, 2013-2020 (USD Million)
Table 109 Asia: Hearing AIDS Devices Market Size, By Type, 2013-2020 (USD Million)
Table 110 Asia: Hearing Implants Market Size, By Type, 2013-2020 (USD Million)
Table 111 Asia: Market Size, By Type of Hearing Loss, 2013-2020 (USD Million)
Table 112 Asia: Market Size, By End User, 2013-2020 (USD Million)
Table 113 Japan: Hearing AIDS Market Size, By Type, 2013-2020 (USD Million)
Table 114 Japan: Hearing AID Devices Market Size, By Type, 2013-2020 (USD Million)
Table 115 Japan: Hearing AIDS Market Size, By Type of Hearing Loss, 2013-2020 (USD Million)
Table 116 Japan: Hearing AIDS Market Size, By End User, 2013-2020 (USD Million)
Table 117 China: Hearing AIDS Market Size, By Type, 2013-2020 (USD Million)
Table 118 China: Hearing AID Devices Market Size, By Type, 2013-2020 (USD Million)
Table 119 China: Hearing AIDS Market Size, By Type of Hearing Loss, 2013-2020 (USD Million)
Table 120 China: Hearing AIDS Market Size, By End User, 2013-2020 (USD Million)
Table 121 India: Hearing AIDS Market Size, By Type, 2013-2020 (USD Million)
Table 122 India: Hearing AID Devices Market Size, By Type, 2013-2020 (USD Million)
Table 123 India: Hearing AIDS Market Size, By Type of Hearing Loss, 2013-2020 (USD Million)
Table 124 India: Hearing AIDS Market Size, By End User, 2013-2020 (USD Million)
Table 125 RoA: Hearing AIDS Market Size, By Type, 2013-2020 (USD Million)
Table 126 RoA: Hearing AID Devices Market Size, By Type, 2013-2020 (USD Million)
Table 127 RoA: Hearing AIDS Market Size, By Type of Hearing Loss, 2013-2020 (USD Million)
Table 128 RoA: Hearing AIDS Market Size, By End User, 2013-2020 (USD Million)
Table 129 RoW: Hearing AIDS Market Size, By Type, 2013-2020 (USD Million)
Table 130 RoW: Hearing AID Devices Market Size, By Type, 2013-2020 (USD Million)
Table 131 RoW: Hearing Implants Market Size, By Type, 2013-2020 (USD Million)
Table 132 RoW: Hearing AIDS Market Size, By Type of Hearing Loss, 2013-2020 (USD Million)
Table 133 RoW: Hearing AIDS Market, By End User, 2013-2020 (USD Million)
Table 134 New Product Launches, 2012–2015
Table 135 Regulatory Approvals, 2012–2015
Table 136 Agreements, Partnerships, and Collaborations, 2012–2015
Table 137 Acquisitions, 2012–2015
Table 138 Other Developments, 2012–2015
Table 139 Exchange Rates Utilized for the Conversion of Chf to USD
Table 140 Exchange Rates (Used for the Conversion of Eur to USD)


List of Figures (34 Figures)

Figure 1 Research Design
Figure 2 Top-Down Approach
Figure 3 Bottom-Up Approach
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Data Triangulation Methodology
Figure 6 Market Snapshot (2015 vs 2020): Hearing AID Devices to Dominate the Market From 2015 to 2020
Figure 7 Receiver-In-The-Ear Segment to Witness Highest Growth in the Hearing AIDS Market During the Forecast Period
Figure 8 Europe to Dominate the Hearing Implants Market From 2015 to 2020
Figure 9 Hearing AIDS Market for Adults to Witness Highest Growth in the Forecast Period
Figure 10 Hearing AIDS Market: Geographic Analysis, 2015
Figure 11 Hearing AIDS Market to Showcase High Growth Opportunities in the Forecast Period
Figure 12 Receiver in the Ear Segment to Account for the Largest Market Share in 2015
Figure 13 U.S. to Command One-Third of the Market in 2015
Figure 14 Cochlear Implants Segment to Witness Highest Growth Rate in the Forecast Period Market
Figure 15 Sensorineural Segment to Grow at the Highest Rate During the Forecast Period
Figure 16 Adults Segment Will Continue to Lead the Market in the Forecast Period
Figure 17 Asia to Witness the Highest Growth Rate in the Hearing AIDS Market During the Forecast Period
Figure 18 Hearing AIDS Market: Drivers, Restraints, Opportunities, and Challenges
Figure 19 Hearing Implants Market to Grow at the Highest CAGR During the Forecast Period
Figure 20 Cochlear Implants Segment Will Dominate the Hearing Implants Market From 2015 to 2020
Figure 21 Sensorineural Hearing Loss Segment to Dominate the Market During the Forecast Period (2015 to 2020)
Figure 22 Adult End-Users Segment to Dominate the Hearing AIDS Market in the Forecast Period (2015 to 2020)
Figure 23 Geographic Snapshot (2014): Emerging Markets Hold Significant Growth Opportunities
Figure 24 Asia—An Attractive Market for Hearing AIDS
Figure 25 Germany to Hold the Largest Share of the European Hearing AID Market (2015)
Figure 26 Rising Geriatric Population and High Prevalence of Hearing Loss are Driving Market Growth in the North American Region
Figure 27 Asia: Market Snapshot
Figure 28 New Product Launches Was the Major Strategy Adopted By Players in the Hearing AIDS Market
Figure 29 Battle for Market Share: New Product Launches Was the Key Strategy Adopted By Market Players
Figure 30 Product Benchmarking for Top 4 Market Players
Figure 31 Company Snapshot: Sonova Holding Ag
Figure 32 Company Snapshot : William Demant Holding A/S
Figure 33 GN Store Nord A/S: Company Snapshot
Figure 34 Company Snapshot : Cochlear Limited

The global hearing aids market consists of various products that are used in cases of hearing loss. This market is driven by several factors such as high prevalence of hearing loss, rising aging population and technological advancements. High potential growth in emerging markets have opened an array of opportunities for the market. However, low penetration rate of hearing aids is hampering the growth of the global market.

The hearing aids market is expected to reach USD 8,373.9 Million by 2020 from USD 6,183.3 Million in 2015, at a CAGR of 6.3%. This market is segmented based on products, type of hearing loss, end-user, and regions.

Based on products, the hearing aids market is segmented into hearing aid devices and hearing implants. The hearing aid devices segment is expected to account for the largest share of the market in 2015. Increasing technological advancements and regulatory approvals will drive the growth of this market segment.

Based on type of hearing loss, the market is segmented into sensorineural and conductive. The sensorineural segment is expected to account for the largest share of this market. Growth in this segment can be attributed to the high prevalence of hearing loss.

Based on end-users, the hearing aids market is segmented into adult and pediatric. The adult segment is expected to account for the largest share of the market in 2015. Increase in aging population will drive the growth of this market.

Hearing Aids Market

The global hearing aids market is dominated by Europe, followed by North America, Asia, and the Rest of the World (RoW). Europe will continue to dominate the global market in the forecast period. However, Asia is expected to witness the highest CAGR, with the growth in this market centered at China and India.

The major players in this market include Cochlear Limited (Australia), GN Store Nord A/S (Denmark), MED-EL (Austria), SeboTek Hearing Systems, LLC (U.S.), Sivantos Pte. Ltd. (Singapore), Sonova (Switzerland), Starkey Hearing Technologies, Inc. (U.S.), Widex (Denmark), William Demant Holding A/S (Denmark), and Zounds Hearing, Inc. (U.S.).

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