Hearing Aids Market by Product Type [Aids (Receiver, Behind the Ear, In the Canal, In the Ear Aids), Implants (Cochlear, Bone-anchored)], Type of Hearing Loss (Sensorineural, Conductive), Patient Type (Adults, Pediatrics) & Region - Global Forecast to 2026
Updated on : March 28, 2023
The global hearing aids market in terms of revenue was estimated to be worth $7.5 billion in 2021 and is poised to grow at a CAGR of 6.4% from 2021 to 2026.
Growth of this market is driven by the rising geriatric population, the growing prevalence of hearing loss, and the rising incidence of noise-induced hearing loss. Hearing aids, which are designed to amplify sound, are widely used to help restore hearing in people who have sensorineural hearing loss. Moreover, technological advancements in hearing aids, such as digital hearing aids, have enabled better sound amplification and improved the user experience. This is further projected to drive the market's growth over the forecast period.
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Hearing Aids Market Dynamics
Drivers: Technological advancements in hearing aids
Technologically advanced hearing aids that offer a better quality of hearing, improved sound processing, and wireless options are in high demand. Currently, various hearing aid companies are investing heavily in R&D to develop advanced hearing aids with improved performance and efficiency.
Opportunities: Emerging markets offer lucrative opportunities.
The competitive surgical procedure costs (including for ENT procedures involving the implantation of cochlear implants) offered by prominent healthcare facilities are a key factor driving the medical tourism sector in developing countries. Thus, the growth in the medical tourism sector, coupled with rising healthcare expenditure and improving healthcare infrastructure, is expected to drive the demand for hearing aids across emerging markets during the forecast period.
Restraints: high cost of hearing aids.
Extensive research and development activities are required to develop technologically advanced hearing aids. This results in a significant increase in the cost of manufacturing and the end price for customers. This makes associated surgical interventional procedures and diagnostic tests correspondingly expensive for patients. Therefore, due to high pricing, high maintenance costs, and expensive surgical procedures, the adoption of such hearing aids is impacted.
Challenges: shortage of trained professionals
Several countries are facing a shortage of skilled professionals who are capable of effectively performing ENT procedures. Underdeveloped countries and regions face this problem on a much wider scale. The dearth of skilled ENT surgeons in these countries is expected to limit the number of ENT procedures performed per year, including cochlear implantation, despite the presence of a large target patient population. This is a major challenge for the growth of the hearing aid market.
Hearing aid devices are expected to dominate the hearing aids market.
The growth of the hearing aid device segment can be attributed to the increasing number of technological advancements. Currently, many companies are investing in the development of novel hearing aid devices and launching hearing aids equipped with advanced features. However, a lack or inadequacy of reimbursements for hearing aid devices is challenging the growth of this market segment.
The sensorineural hearing loss segment is expected to dominate the hearing aids market.
The higher susceptibility of the elderly population to sensorineural hearing loss makes geriatrics a key segment of the overall patient pool. Therefore, the high prevalence of sensorineural hearing loss, coupled with the growing geriatric patient pool, are driving the growth of this segment. Hearing aids can help the geriatric patient pool overcome mild-to-moderate SNHS in both ears. People with intense hearing loss who do not benefit from using hearing aids can opt for hearing implants such as cochlear implants.
The hearing aids market will be dominated by adult patients.
The higher susceptibility to hearing loss makes adults a key segment of the overall patient pool. Hearing aids are considered a front-line treatment for hearing loss disorders. As a result, the growth of this population segment will ensure a continued and intensified demand for hearing aids.
The Asia Pacific hearing aids market is expected to grow at the fastest rate.
The Asia-Pacific market is expected to grow at the highest CAGR during the forecast period. Emerging markets have become an integral part of the global economy as growth has slowed in developed markets across North America and Europe. The research industry in APAC has grown significantly over the years, and manufacturers are now focusing on providing established technologies to ensure sustainable revenue growth in this region. This is expected to further support market growth in APAC.
The major players in this market includes are Sonova Group (Switzerland), Demant A/S (Denmark), GN Store Nord A/S (Denmark), Cochlear Ltd. (Australia), RION Co., Ltd. (Japan), Starkey (US), Nurotron Biotechnology Co., Ltd. (China), MED-EL (Austria), Audina Hearing Instruments, Inc. (US), Elkon Pvt. Ltd. (India), WS Audiology A/S (Denmark), Eargo, Inc. (US), Horentek (Italy), ZOUNDS Hearing Inc. (US), SeboTek Hearing Systems, LLC. (US), Arphi Electronics Private Limited (India), IN4 Technology Corporation (China), BHM-Tech Produktionsgesellschaft mbH (Austria), Nano Hearing Aids (US), LORECa s.r.o. (Turkey), Earlens Corporation (US), Austar Hearing Science and Technology (Xiamen) Co., Ltd. (China), Lively Hearing Corporation (US), audifon GmbH & Co. KG (Germany), and Foshan Vohom Technology Co., Ltd. (China).
Hearing Aids Market Report Scope
|
Report Metric |
Details |
|
Market Revenue in 2021 |
$7.5 billion |
|
Estimated Value by 2026 |
$10.2 billion |
|
Growth Rate |
Poised to grow at a CAGR of 6.4 % |
|
Largest Share Segments |
Hearing aid devices, Sensorineural hearing loss, Adult patients |
|
Market Report Segmentation |
By Product, Type of Hearing Loss, Patient Type, and Region |
|
Growth Drivers |
|
|
Growth Opportunities |
|
|
Geographies covered |
North America, Europe, APAC, MEA, and Latin America |
This research report categorizes the hearing aids market into following segments & sub-segments:
By Product
-
Hearing Aid Devices
- Receiver-in-the-ear Hearing Aids
- Behind-the-ear Hearing Aids
- Canal Hearing Aids
- In-the-ear Hearing Aids
- Other Hearing Aid Devices
-
Hearing Implants
- Cochlear Implants
- Bone-anchored Systems
By Type of Hearing Loss
- Sensorineural Hearing Loss
- Conductive Hearing Loss
By Patient Type
- Adults
- Pediatrics
By Region
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- Rest of Asia Pacific
- Latin America
- Middle East & Africa
Recent Developments:
- In February 2021, GN Hearing (Denmark) launched ReSound Key, a hearing aid line-up that provides greater access to its proven and award-winning hearing technology worldwide.
- In October 2020, Starkey (US) partnered with OrCam Technologies (Israel) to provide assistive technologies to hearing and visually impaired people. This partnership enhanced OrCam's ability to apply the advanced computer vision and machine learning methods that they had developed to transmit the visual world through audio, in collaboration with Starkey's Livio Edge AI hearing aids.
- In July 2020, Cochlear Ltd. (Australia) received US FDA approval for its Cochlear Nucleus Kanso 2 Sound Processor, Nucleus 7 Sound Processor for Nucleus 22 Implant recipients, and Custom Sound Pro fitting software.
Frequently Asked Questions (FAQs):
What is the projected market value of the global Hearing Aids Market?
The global market of Hearing Aids is projected to reach USD 10.2 billion.
What is the estimated growth rate (CAGR) of the global Hearing Aids Market for the next five years?
The global hearing aids market has an estimated annual growth rate of 6.4% and had a revenue size of approximately $7.5 billion in 2021.
What are the major revenue pockets in the Hearing Aids Market currently?
The Asia-Pacific market is expected to grow at the highest CAGR during the forecast period. Emerging markets have become an integral part of the global economy as growth has slowed in developed markets across North America and Europe. The research industry in APAC has grown significantly over the years, and manufacturers are now focusing on providing established technologies to ensure sustainable revenue growth in this region. This is expected to further support market growth in APAC.
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 32)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS & EXCLUSIONS OF THE STUDY
1.2.2 MARKETS COVERED
FIGURE 1 HEARING AIDS MARKET SEGMENTATION
1.2.3 YEARS CONSIDERED FOR THE STUDY
1.3 CURRENCY
1.4 LIMITATIONS
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 36)
2.1 RESEARCH DATA
2.2 RESEARCH APPROACH
FIGURE 2 GLOBAL MARKET: RESEARCH DESIGN
2.2.1 SECONDARY DATA
2.2.1.1 Key data from secondary sources
2.2.2 PRIMARY DATA
2.2.2.1 Primary sources
2.2.2.2 Key data from primary sources
2.2.2.3 Key industry insights
2.2.2.4 Breakdown of primary interviews
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: SUPPLY-SIDE AND DEMAND-SIDE PARTICIPANTS (GLOBAL MARKET)
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
2.3 MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
2.3.1.1 Approach 1: Company revenue estimation approach
FIGURE 5 BOTTOM-UP APPROACH: COMPANY REVENUE ESTIMATION APPROACH
2.3.1.2 Approach 2: Market estimation from the parent market
FIGURE 6 BOTTOM-UP APPROACH: MARKET ESTIMATION FROM THE PARENT MARKET
2.3.1.3 Approach 3: Presentations of companies and primary interviews
2.3.1.4 Growth rate assumptions
2.3.1.5 CAGR projections
FIGURE 7 CAGR PROJECTIONS: SUPPLY-SIDE ANALYSIS
2.3.2 TOP-DOWN APPROACH
FIGURE 8 GLOBAL MARKET: TOP-DOWN APPROACH
2.4 MARKET BREAKDOWN & DATA TRIANGULATION
FIGURE 9 DATA TRIANGULATION METHODOLOGY
2.5 ASSUMPTIONS FOR THE STUDY
2.6 LIMITATIONS
2.7 RISK ASSESSMENT
TABLE 1 RISKS ASSESSMENT
2.8 COVID-19 HEALTH ASSESSMENT
2.9 COVID-19 ECONOMIC ASSESSMENT
FIGURE 10 RECOVERY SCENARIO OF THE GLOBAL ECONOMY
2.10 ASSESSMENT OF THE IMPACT OF COVID-19 ON THE GLOBAL MARKET
3 EXECUTIVE SUMMARY (Page No. - 49)
FIGURE 11 GLOBAL MARKET FOR HEARING AIDS, BY PRODUCT, 2021 VS. 2026
FIGURE 12 GLOBAL MARKET, BY TYPE OF HEARING LOSS, 2021 VS. 2026
FIGURE 13 GLOBAL MARKET, BY PATIENT TYPE, 2021 VS. 2026
FIGURE 14 GLOBAL MARKET, BY REGION, 2021 VS. 2026
4 PREMIUM INSIGHTS (Page No. - 52)
4.1 HEARING AIDS MARKET OVERVIEW
FIGURE 15 RISING PREVALENCE OF HEARING LOSS TO DRIVE THE MARKET GROWTH
4.2 GLOBAL MARKET SHARE, BY PRODUCT, 2021 VS. 2026
FIGURE 16 HEARING AID DEVICES SEGMENT WILL CONTINUE TO DOMINATE THE MARKET IN 2026
4.3 GLOBAL MARKET SHARE, BY TYPE OF HEARING LOSS, 2021 VS. 2026
FIGURE 17 SENSORINEURAL HEARING LOSS SEGMENT TO DOMINATE THE MARKET DURING THE FORECAST PERIOD
4.4 GLOBAL MARKET SHARE, BY PATIENT TYPE, 2021 VS. 2026
FIGURE 18 ADULT PATIENTS SEGMENT TO CONTINUE TO DOMINATE THE MARKET IN 2026
4.5 GLOBAL MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES
FIGURE 19 ASIA PACIFIC TO REGISTER THE HIGHEST GROWTH RATE IN THE GLOBAL MARKET DURING THE FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 55)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 20 GLOBAL MARKET FOR HEARING AIDS: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Growing prevalence of hearing loss
FIGURE 21 ESTIMATED NUMBER OF PEOPLE WITH DISABLING HEARING LOSS, GLOBALLY
FIGURE 22 PREVALENCE OF HEARING LOSS, BY REGION, 2019
5.2.1.1.1 Growth in the geriatric population
FIGURE 23 SHARE OF THE GLOBAL POPULATION AGED 65 AND ABOVE (2015–2019)
5.2.1.2 Technological advancements in hearing aids
5.2.1.3 Increasing adoption of smart hearing aids due to the rising incidence of noise-induced hearing loss
5.2.2 RESTRAINTS
5.2.2.1 High cost of hearing aids
5.2.3 OPPORTUNITIES
5.2.3.1 Emerging markets offer lucrative opportunities
5.2.4 CHALLENGES
5.2.4.1 Shortage of trained professionals
5.3 EPIDEMIOLOGY DATA ON HEARING LOSS AND THE ADOPTION OF HEARING AID DEVICES
TABLE 2 GLOBAL NUMBER OF PEOPLE SUFFERING FROM HEARING LOSS IN 2020, BY AGE GROUP
TABLE 3 GLOBAL NUMBER OF PEOPLE SUFFERING FROM HEARING LOSS IN 2020, BY AGE GROUP (10-YEAR RANGE)
TABLE 4 GLOBAL NUMBER OF PEOPLE USING HEARING AID DEVICES, BY AGE GROUP
5.4 IMPACT OF COVID-19 ON THE GLOBAL MARKET
5.5 CASE STUDY ANALYSIS
5.5.1 CASE STUDY 1: FINDING A NEW WAY TO LISTEN TO CUSTOMERS
5.5.2 CASE STUDY 2: EFFECTIVE SERVICE DELIVERY MODELS AND REGULATIONS CAN IMPROVE ACCESS TO HEARING AIDS
5.5.3 CASE STUDY 3: OVER-THE-COUNTER HEARING AID DELIVERY CAN IMPROVE ACCESSIBILITY AND AFFORDABILITY
5.6 PESSIMISTIC AND OPTIMISTIC SCENARIOS
5.6.1 HEARING AIDS MARKET
FIGURE 24 PESSIMISTIC SCENARIO
FIGURE 25 OPTIMISTIC SCENARIO
5.7 PRICING ANALYSIS
TABLE 5 PRICE OF HEARING AIDS (2021)
5.8 PATENT ANALYSIS
5.8.1 PATENT ANALYSIS OF COCHLEAR IMPLANTS
5.9 TRADE ANALYSIS
5.9.1 TRADE ANALYSIS FOR HEARING AIDS
TABLE 6 IMPORT DATA FOR HEARING AIDS, BY COUNTRY, 2016–2020
TABLE 7 EXPORT DATA FOR HEARING AIDS, BY COUNTRY, 2016–2020
5.10 VALUE CHAIN ANALYSIS
FIGURE 26 MAJOR VALUE IS ADDED DURING THE MANUFACTURING & ASSEMBLY PHASE
5.10.1 HEARING AID DEVICES VALUE CHAIN IN THE PRIVATE SECTOR
TABLE 8 HEARING AID DEVICES VALUE CHAIN IN THE PRIVATE SECTOR
5.11 SUPPLY CHAIN ANALYSIS
FIGURE 27 GLOBAL MARKET: SUPPLY CHAIN ANALYSIS
5.12 ECOSYSTEM ANALYSIS OF THE GLOBAL MARKET
FIGURE 28 GLOBAL MARKET: ECOSYSTEM ANALYSIS
5.12.1 ROLE IN ECOSYSTEM
5.13 PORTER’S FIVE FORCES ANALYSIS
TABLE 9 GLOBAL MARKET: PORTER’S FIVE FORCES ANALYSIS
5.13.1 THREAT OF NEW ENTRANTS
5.13.2 THREAT OF SUBSTITUTES
5.13.3 BARGAINING POWER OF BUYERS
5.13.4 BARGAINING POWER OF SUPPLIERS
5.13.5 DEGREE OF COMPETITION
5.14 REGULATORY LANDSCAPE
5.14.1 NORTH AMERICA
5.14.1.1 US
5.14.1.2 Canada
5.14.2 EUROPE
5.14.3 ASIA PACIFIC
5.14.3.1 Japan
5.14.3.2 India
5.14.4 LATIN AMERICA
5.14.4.1 Brazil
5.14.4.2 Mexico
5.14.5 MIDDLE EAST
5.15 TECHNOLOGY ANALYSIS
5.16 TRENDS/DISRUPTIONS IMPACTING THE BUSINESS OF CUSTOMERS
5.16.1 REVENUE SOURCES ARE SHIFTING TOWARD MORE TECHNOLOGY-BASED SOLUTIONS DUE TO THE COVID-19 PANDEMIC
5.16.2 REVENUE SHIFT FOR THE GLOBAL MARKET
6 HEARING AIDS MARKET, BY PRODUCT (Page No. - 75)
6.1 INTRODUCTION
TABLE 10 GLOBAL MARKET, BY PRODUCT, 2016–2019
TABLE 11 GLOBAL MARKET, BY PRODUCT, 2020–2026
6.2 HEARING AID DEVICES
TABLE 12 KEY PRODUCTS IN THE HEARING AID DEVICES MARKET
TABLE 13 HEARING AID DEVICES MARKET, BY REGION, 2016–2019
TABLE 14 HEARING AID DEVICES MARKET, BY REGION, 2020–2026
TABLE 15 HEARING AID DEVICES MARKET, BY REGION, 2016–2019 (MILLION UNITS)
TABLE 16 HEARING AID DEVICES MARKET, BY REGION, 2020–2026 (MILLION UNITS)
TABLE 17 NORTH AMERICA: HEARING AID DEVICES MARKET, BY COUNTRY, 2016–2019 (MILLION UNITS)
TABLE 18 NORTH AMERICA: HEARING AID DEVICES MARKET, BY COUNTRY, 2020–2026 (MILLION UNITS)
TABLE 19 EUROPE: HEARING AID DEVICES MARKET, BY COUNTRY, 2016–2019 (MILLION UNITS)
TABLE 20 EUROPE: HEARING AID DEVICES MARKET, BY COUNTRY, 2020–2026 (MILLION UNITS)
TABLE 21 APAC: HEARING AID DEVICES MARKET, BY COUNTRY, 2016–2019 (MILLION UNITS)
TABLE 22 APAC: HEARING AID DEVICES MARKET, BY COUNTRY, 2020–2026 (MILLION UNITS)
TABLE 23 HEARING AID DEVICES MARKET, BY TYPE, 2016–2019
TABLE 24 HEARING AID DEVICES MARKET, BY TYPE, 2020–2026
TABLE 25 HEARING AID DEVICES MARKET, BY TYPE, 2016–2019 (MILLION UNITS)
TABLE 26 HEARING AID DEVICES MARKET, BY TYPE, 2020–2026 (MILLION UNITS)
6.2.1 RECEIVER-IN-THE-EAR HEARING AIDS
6.2.1.1 RITE hearing aid devices are suitable for the treatment of mild-to-severe hearing loss
TABLE 27 KEY PRODUCTS IN THE RECEIVER-IN-THE-EAR HEARING AIDS MARKET
TABLE 28 RECEIVER-IN-THE-EAR MARKET FOR HEARING AIDS, BY REGION, 2016–2019
TABLE 29 GLOBAL MARKET, BY REGION, 2020–2026
TABLE 30 EUROPE: MARKET, BY COUNTRY, 2016–2019
TABLE 31 EUROPE: MARKET, BY COUNTRY, 2020–2026
TABLE 32 NORTH AMERICA: MARKET, BY COUNTRY, 2016–2019
TABLE 33 NORTH AMERICA: MARKET, BY COUNTRY, 2020–2026
TABLE 34 APAC: MARKET, BY COUNTRY, 2016–2019
TABLE 35 APAC: MARKET, BY COUNTRY, 2020–2026
6.2.2 BEHIND-THE-EAR HEARING AIDS
6.2.2.1 Low cost of BTE devices to support the market growth
TABLE 36 KEY PRODUCTS IN THE BEHIND-THE-EAR HEARING AIDS MARKET
TABLE 37 BEHIND-THE-EAR MARKET FOR HEARING AIDS, BY REGION, 2016–2019
TABLE 38 GLOBAL MARKET, BY REGION, 2020–2026
TABLE 39 APAC: MARKET, BY COUNTRY, 2016–2019
TABLE 40 APAC: MARKET, BY COUNTRY, 2020–2026
TABLE 41 NORTH AMERICA: MARKET, BY COUNTRY, 2016–2019
TABLE 42 NORTH AMERICA: MARKET, BY COUNTRY, 2020–2026
TABLE 43 EUROPE: MARKET, BY COUNTRY, 2016–2019
TABLE 44 EUROPE: MARKET, BY COUNTRY, 2020–2026
6.2.3 CANAL HEARING AIDS
6.2.3.1 Technological advancements in canal hearing aids to propel market growth
TABLE 45 KEY PRODUCTS IN THE CANAL HEARING AIDS MARKET
TABLE 46 CANAL MARKET FOR HEARING AIDS, BY REGION, 2016–2019
TABLE 47 GLOBAL MARKET, BY REGION, 2020–2026
TABLE 48 NORTH AMERICA: MARKET, BY COUNTRY, 2016–2019
TABLE 49 NORTH AMERICA: MARKET, BY COUNTRY, 2020–2026
TABLE 50 EUROPE: MARKET, BY COUNTRY, 2016–2019
TABLE 51 EUROPE: MARKET, BY COUNTRY, 2020–2026
TABLE 52 APAC: MARKET, BY COUNTRY, 2016–2019
TABLE 53 APAC: MARKET, BY COUNTRY, 2020–2026
6.2.4 IN-THE-EAR HEARING AIDS
6.2.4.1 Longer battery life of ITE hearing devices to support the market growth 97
TABLE 54 IN-THE-EAR HEARING AIDS MARKET, BY REGION, 2016–2019
TABLE 55 GLOBAL MARKET, BY REGION, 2020–2026
TABLE 56 EUROPE: MARKET, BY COUNTRY, 2016–2019
TABLE 57 EUROPE: MARKET, BY COUNTRY, 2020–2026
TABLE 58 APAC: MARKET, BY COUNTRY, 2016–2019
TABLE 59 APAC: MARKET, BY COUNTRY, 2020–2026
TABLE 60 NORTH AMERICA: MARKET, BY COUNTRY, 2016–2019
TABLE 61 NORTH AMERICA: MARKET, BY COUNTRY, 2020–2026
6.2.5 OTHER HEARING AID DEVICES
TABLE 62 OTHER HEARING AID DEVICES MARKET, BY REGION, 2016–2019
TABLE 63 OTHER HEARING AID DEVICES MARKET, BY REGION, 2020–2026
TABLE 64 EUROPE: OTHER HEARING AID DEVICES MARKET, BY COUNTRY, 2016–2019
TABLE 65 EUROPE: OTHER HEARING AID DEVICES MARKET, BY COUNTRY, 2020–2026
TABLE 66 NORTH AMERICA: OTHER HEARING AID DEVICES MARKET, BY COUNTRY, 2016–2019
TABLE 67 NORTH AMERICA: OTHER HEARING AID DEVICES MARKET, BY COUNTRY, 2020–2026
TABLE 68 APAC: OTHER HEARING AID DEVICES MARKET, BY COUNTRY, 2016–2019
TABLE 69 APAC: OTHER HEARING AID DEVICES MARKET, BY COUNTRY, 2020–2026
6.3 HEARING IMPLANTS
TABLE 70 HEARING IMPLANTS MARKET, BY REGION, 2016–2019
TABLE 71 HEARING IMPLANTS MARKET, BY REGION, 2020–2026
TABLE 72 EUROPE: HEARING IMPLANTS MARKET, BY COUNTRY, 2016–2019
TABLE 73 EUROPE: HEARING IMPLANTS MARKET, BY COUNTRY, 2020–2026
TABLE 74 NORTH AMERICA: HEARING IMPLANTS MARKET, BY COUNTRY, 2016–2019
TABLE 75 NORTH AMERICA: HEARING IMPLANTS MARKET, BY COUNTRY, 2020–2026
TABLE 76 APAC: HEARING IMPLANTS MARKET, BY COUNTRY, 2016–2019
TABLE 77 APAC: HEARING IMPLANTS MARKET, BY COUNTRY, 2020–2026
TABLE 78 HEARING IMPLANTS MARKET, BY TYPE, 2016–2019
TABLE 79 HEARING IMPLANTS MARKET, BY TYPE, 2020–2026
6.3.1 COCHLEAR IMPLANTS
6.3.1.1 Cochlear implants segment to dominate the hearing implants market
TABLE 80 KEY PRODUCTS IN THE COCHLEAR IMPLANTS MARKET
TABLE 81 COCHLEAR IMPLANTS MARKET, BY REGION, 2016–2019
TABLE 82 COCHLEAR IMPLANTS MARKET, BY REGION, 2020–2026
TABLE 83 EUROPE: COCHLEAR IMPLANTS MARKET, BY COUNTRY, 2016–2019
TABLE 84 EUROPE: COCHLEAR IMPLANTS MARKET, BY COUNTRY, 2020–2026
TABLE 85 NORTH AMERICA: COCHLEAR IMPLANTS MARKET, BY COUNTRY, 2016–2019
TABLE 86 NORTH AMERICA: COCHLEAR IMPLANTS MARKET, BY COUNTRY, 2020–2026
TABLE 87 APAC: COCHLEAR IMPLANTS MARKET, BY COUNTRY, 2016–2019
TABLE 88 APAC: COCHLEAR IMPLANTS MARKET, BY COUNTRY, 2020–2026
6.3.2 BONE-ANCHORED SYSTEMS
6.3.2.1 BAHA implants are gaining traction among children and adults with single-sided deafness and conductive hearing loss
TABLE 89 BONE-ANCHORED SYSTEMS MARKET, BY REGION, 2016–2019
TABLE 90 BONE-ANCHORED SYSTEMS MARKET, BY REGION, 2020–2026
TABLE 91 EUROPE: BONE-ANCHORED SYSTEMS MARKET, BY COUNTRY, 2016–2019
TABLE 92 EUROPE: BONE-ANCHORED SYSTEMS MARKET, BY COUNTRY, 2020–2026
TABLE 93 NORTH AMERICA: BONE-ANCHORED SYSTEMS MARKET, BY COUNTRY, 2016–2019
TABLE 94 NORTH AMERICA: BONE-ANCHORED SYSTEMS MARKET, BY COUNTRY, 2020–2026
TABLE 95 APAC: BONE-ANCHORED SYSTEMS MARKET, BY COUNTRY, 2016–2019
TABLE 96 APAC: BONE-ANCHORED SYSTEMS MARKET, BY COUNTRY, 2020–2026
7 HEARING AIDS MARKET, BY TYPE OF HEARING LOSS (Page No. - 115)
7.1 INTRODUCTION
TABLE 97 GLOBAL MARKET, BY TYPE OF HEARING LOSS, 2016–2019
TABLE 98 GLOBAL MARKET, BY TYPE OF HEARING LOSS, 2020–2026
7.2 SENSORINEURAL HEARING LOSS
7.2.1 GROWING GERIATRIC PATIENT POOL TO SUPPORT THE GROWTH OF THIS MARKET SEGMENT
7.2.1.1 Primary notes
7.2.1.1.1 Key industry insights
TABLE 99 GLOBAL MARKET FOR SENSORINEURAL HEARING LOSS, BY REGION, 2016–2019
TABLE 100 GLOBAL MARKET FOR SENSORINEURAL HEARING LOSS, BY REGION, 2020–2026
7.3 CONDUCTIVE HEARING LOSS
7.3.1 TECHNOLOGICAL ADVANCEMENTS IN HEARING AIDS AND INCREASING PRODUCT APPROVALS TO PROPEL MARKET GROWTH
TABLE 101 GLOBAL MARKET FOR CONDUCTIVE HEARING LOSS, BY REGION, 2016–2019
TABLE 102 GLOBAL MARKET FOR CONDUCTIVE HEARING LOSS, BY REGION, 2020–2026
8 HEARING AIDS MARKET, BY PATIENT TYPE (Page No. - 120)
8.1 INTRODUCTION
TABLE 103 GLOBAL MARKET, BY PATIENT TYPE, 2016–2019
TABLE 104 GLOBAL MARKET, BY PATIENT TYPE, 2020–2026
8.2 ADULTS
8.2.1 HIGHER SUSCEPTIBILITY TO HEARING LOSS MAKES ADULTS A KEY SEGMENT OF THE OVERALL PATIENT POOL
8.2.1.1 Primary notes
8.2.1.1.1 Key industry insights
TABLE 105 GLOBAL MARKET FOR ADULT PATIENTS, BY REGION, 2016–2019
TABLE 106 GLOBAL MARKET FOR ADULT PATIENTS, BY REGION, 2020–2026
8.3 PEDIATRICS
8.3.1 TECHNOLOGICAL ADVANCEMENTS TO DRIVE THE GROWTH OF THIS MARKET SEGMENT
TABLE 107 GLOBAL MARKET FOR PEDIATRIC PATIENTS, BY REGION, 2016–2019
TABLE 108 GLOBAL MARKET FOR PEDIATRIC PATIENTS, BY REGION, 2020–2026
9 HEARING AIDS MARKET, BY REGION (Page No. - 126)
9.1 INTRODUCTION
TABLE 109 GLOBAL MARKET, BY REGION, 2016–2019
TABLE 110 GLOBAL MARKET, BY REGION, 2020–2026
9.2 EUROPE
FIGURE 29 EUROPE: MARKET FOR HEARING AIDS SNAPSHOT
TABLE 111 EUROPE: MARKET, BY COUNTRY, 2016–2019
TABLE 112 EUROPE: MARKET, BY COUNTRY, 2020–2026
TABLE 113 EUROPE: MARKET, BY PRODUCT, 2016–2019
TABLE 114 EUROPE: MARKET, BY PRODUCT, 2020–2026
TABLE 115 EUROPE: MARKET, BY TYPE OF HEARING LOSS, 2016–2019
TABLE 116 EUROPE: MARKET, BY TYPE OF HEARING LOSS, 2020–2026
9.2.1 GERMANY
9.2.1.1 Growth in healthcare expenditure in Germany to drive the demand for technologically advanced hearing aids
FIGURE 30 PREVALENCE OF HEARING LOSS IN GERMANY, 2015 VS. 2018
FIGURE 31 ADOPTION RATE OF HEARING AIDS BY HEARING-IMPAIRED PEOPLE IN GERMANY, 2012 VS. 2015 VS. 2018
TABLE 117 GERMANY: KEY MACROINDICATORS
TABLE 118 GERMANY: MARKET, BY PRODUCT, 2016–2019
TABLE 119 GERMANY: MARKET, BY PRODUCT, 2020–2026
TABLE 120 GERMANY: MARKET, BY TYPE OF HEARING LOSS, 2016–2019
TABLE 121 GERMANY: MARKET, BY TYPE OF HEARING LOSS, 2020–2026
TABLE 122 GERMANY: MARKET, BY PATIENT TYPE, 2016–2019
TABLE 123 GERMANY: MARKET, BY PATIENT TYPE, 2020–2026
9.2.2 UK
9.2.2.1 High and growing prevalence of hearing loss to drive market growth in the UK
TABLE 124 UK: KEY MACROINDICATORS
TABLE 125 UK: HEARING AIDS MARKET, BY PRODUCT, 2016–2019
TABLE 126 UK: MARKET, BY PRODUCT, 2020–2026
TABLE 127 UK: MARKET, BY TYPE OF HEARING LOSS, 2016–2019
TABLE 128 UK: MARKET, BY TYPE OF HEARING LOSS, 2020–2026
TABLE 129 UK: MARKET, BY PATIENT TYPE, 2016–2019
TABLE 130 UK: MARKET, BY PATIENT TYPE, 2020–2026
9.2.3 FRANCE
9.2.3.1 Rising R&D expenditure in France to drive the market growth
FIGURE 32 ADOPTION RATE OF HEARING AIDS BY HEARING-IMPAIRED PEOPLE IN FRANCE, 2012 VS. 2015 VS. 2018
TABLE 131 FRANCE: KEY MACROINDICATORS
TABLE 132 FRANCE: MARKET, BY PRODUCT, 2016–2019
TABLE 133 FRANCE: MARKET, BY PRODUCT, 2020–2026
TABLE 134 FRANCE: MARKET, BY TYPE OF HEARING LOSS, 2016–2019
TABLE 135 FRANCE: MARKET, BY TYPE OF HEARING LOSS, 2020–2026
TABLE 136 FRANCE: MARKET, BY PATIENT TYPE, 2016–2019
TABLE 137 FRANCE: MARKET, BY PATIENT TYPE, 2020–2026
9.2.4 SPAIN
9.2.4.1 Increasing life expectancy and growing geriatric population to drive market growth in Spain
FIGURE 33 SPAIN: PREVALENCE OF HEARING LOSS IN 2020, BY AGE GROUP
TABLE 138 SPAIN: MARKET FOR HEARING AIDS, BY PRODUCT, 2016–2019
TABLE 139 SPAIN: MARKET, BY PRODUCT, 2020–2026
TABLE 140 SPAIN: MARKET, BY TYPE OF HEARING LOSS, 2016–2019
TABLE 141 SPAIN: MARKET, BY TYPE OF HEARING LOSS, 2020–2026
TABLE 142 SPAIN: MARKET, BY PATIENT TYPE, 2016–2019
TABLE 143 SPAIN: MARKET, BY PATIENT TYPE, 2020–2026
9.2.5 ITALY
9.2.5.1 Unfavorable reimbursement scenario to restrain market growth in Italy to a certain extent
FIGURE 34 PREVALENCE OF HEARING LOSS IN ITALY, 2012 VS. 2015 VS. 2018
FIGURE 35 HEARING AIDS ADOPTION RATE IN ITALY, 2012 VS. 2015 VS. 2018
TABLE 144 ITALY: MARKET, BY PRODUCT, 2016–2019
TABLE 145 ITALY: MARKET, BY PRODUCT, 2020–2026
TABLE 146 ITALY: MARKET, BY TYPE OF HEARING LOSS, 2016–2019
TABLE 147 ITALY: MARKET, BY TYPE OF HEARING LOSS, 2020–2026
TABLE 148 ITALY: MARKET, BY PATIENT TYPE, 2016–2019
TABLE 149 ITALY: MARKET, BY PATIENT TYPE, 2020–2026
9.2.6 REST OF EUROPE
TABLE 150 ROE: HEALTHCARE EXPENDITURE, BY COUNTRY, 2010 VS. 2018 (% OF GDP)
TABLE 151 ROE: HEARING AIDS MARKET, BY PRODUCT, 2016–2019
TABLE 152 ROE: MARKET, BY PRODUCT, 2020–2026
TABLE 153 ROE: MARKET, BY TYPE OF HEARING LOSS, 2016–2019
TABLE 154 ROE: MARKET, BY TYPE OF HEARING LOSS, 2020–2026
TABLE 155 ROE: MARKET, BY PATIENT TYPE, 2016–2019
TABLE 156 ROE: MARKET, BY PATIENT TYPE, 2020–2026
9.3 NORTH AMERICA
TABLE 157 NORTH AMERICA: MARKET, BY COUNTRY, 2016–2019
TABLE 158 NORTH AMERICA: MARKET, BY COUNTRY, 2020–2026
TABLE 159 NORTH AMERICA: MARKET, BY PRODUCT, 2016–2019
TABLE 160 NORTH AMERICA: MARKET, BY PRODUCT, 2020–2026
TABLE 161 NORTH AMERICA: MARKET, BY TYPE OF HEARING LOSS, 2016–2019
TABLE 162 NORTH AMERICA: MARKET, BY TYPE OF HEARING LOSS, 2020–2026
9.3.1 US
9.3.1.1 The US dominated the North American hearing aids market in 2020
FIGURE 36 NUMBER OF AUDIOLOGISTS IN THE US
TABLE 163 US: KEY MACROINDICATORS
TABLE 164 US: MARKET, BY PRODUCT, 2016–2019
TABLE 165 US: MARKET, BY PRODUCT, 2020–2026
TABLE 166 US: MARKET, BY TYPE OF HEARING LOSS, 2016–2019
TABLE 167 US: MARKET, BY TYPE OF HEARING LOSS, 2020–2026
TABLE 168 US: MARKET, BY PATIENT TYPE, 2016–2019
TABLE 169 US: MARKET, BY PATIENT TYPE, 2020–2026
9.3.2 CANADA
9.3.2.1 Conferences, webinars, and symposia to provide impetus to the market growth
TABLE 170 CANADA: MARKET, BY PRODUCT, 2016–2019
TABLE 171 CANADA: MARKET, BY PRODUCT, 2020–2026
TABLE 172 CANADA: MARKET, BY TYPE OF HEARING LOSS, 2016–2019
TABLE 173 CANADA: MARKET, BY TYPE OF HEARING LOSS, 2020–2026
TABLE 174 CANADA: MARKET, BY PATIENT TYPE, 2016–2019
TABLE 175 CANADA: MARKET, BY PATIENT TYPE, 2020–2026
9.4 ASIA PACIFIC
FIGURE 37 ASIA PACIFIC: HEARING AIDS MARKET SNAPSHOT
TABLE 176 APAC: MARKET, BY COUNTRY, 2016–2019
TABLE 177 APAC: MARKET, BY COUNTRY, 2020–2026
TABLE 178 APAC: MARKET, BY PRODUCT, 2016–2019
TABLE 179 APAC: MARKET, BY PRODUCT, 2020–2026
TABLE 180 APAC: MARKET, BY TYPE OF HEARING LOSS, 2016–2019
TABLE 181 APAC: MARKET, BY TYPE OF HEARING LOSS, 2020–2026
9.4.1 CHINA
9.4.1.1 China dominated the APAC market for hearing aids in 2020
TABLE 182 CHINA: KEY MACROINDICATORS
TABLE 183 CHINA: MARKET, BY PRODUCT, 2016–2019
TABLE 184 CHINA: MARKET, BY PRODUCT, 2020–2026
TABLE 185 CHINA: MARKET, BY TYPE OF HEARING LOSS, 2016–2019
TABLE 186 CHINA: MARKET, BY TYPE OF HEARING LOSS, 2020–2026
TABLE 187 CHINA: MARKET, BY PATIENT TYPE, 2016–2019
TABLE 188 CHINA: MARKET, BY PATIENT TYPE, 2020–2026
9.4.2 INDIA
9.4.2.1 Healthcare infrastructure improvements to drive market growth in India
TABLE 189 INDIA: KEY MACROINDICATORS
TABLE 190 INDIA: MARKET FOR HEARING AIDS, BY PRODUCT, 2016–2019
TABLE 191 INDIA: MARKET, BY PRODUCT, 2020–2026
TABLE 192 INDIA: MARKET, BY TYPE OF HEARING LOSS, 2016–2019
TABLE 193 INDIA: MARKET, BY TYPE OF HEARING LOSS, 2020–2026
TABLE 194 INDIA: MARKET, BY PATIENT TYPE, 2016–2019
TABLE 195 INDIA: MARKET, BY PATIENT TYPE, 2020–2026
9.4.3 JAPAN
9.4.3.1 Rising adoption of hearing aids in the country to support market growth
FIGURE 38 HEARING AIDS ADOPTION RATE IN JAPAN, 2012 VS. 2015 VS. 2018
TABLE 196 JAPAN: KEY MACROINDICATORS
TABLE 197 JAPAN: MARKET, BY PRODUCT, 2016–2019
TABLE 198 JAPAN: MARKET, BY PRODUCT, 2020–2026
TABLE 199 JAPAN: MARKET, BY TYPE OF HEARING LOSS, 2016–2019
TABLE 200 JAPAN: MARKET, BY TYPE OF HEARING LOSS, 2020–2026
TABLE 201 JAPAN: MARKET, BY PATIENT TYPE, 2016–2019
TABLE 202 JAPAN: MARKET, BY PATIENT TYPE, 2020–2026
9.4.4 AUSTRALIA
9.4.4.1 Rising geriatric population to drive market growth in Australia
FIGURE 39 DISTRIBUTIVE SHARE OF POPULATION IN AUSTRALIA, BY AGE GROUP, 2016 VS. 2019
TABLE 203 AUSTRALIA: HEARING AIDS MARKET, BY PRODUCT, 2016–2019
TABLE 204 AUSTRALIA: MARKET, BY PRODUCT, 2020–2026
TABLE 205 AUSTRALIA: MARKET, BY TYPE OF HEARING LOSS, 2016–2019
TABLE 206 AUSTRALIA: MARKET, BY TYPE OF HEARING LOSS, 2020–2026
TABLE 207 AUSTRALIA: MARKET, BY PATIENT TYPE, 2016–2019
TABLE 208 AUSTRALIA: MARKET, BY PATIENT TYPE, 2020–2026
9.4.5 REST OF ASIA PACIFIC
FIGURE 40 DISTRIBUTIVE SHARE OF POPULATION IN TAIWAN, BY AGE GROUP, 2016 VS. 2019
TABLE 209 ROAPAC: MARKET, BY PRODUCT, 2016–2019
TABLE 210 ROAPAC: MARKET, BY PRODUCT, 2020–2026
TABLE 211 ROAPAC: MARKET, BY TYPE OF HEARING LOSS, 2016–2019
TABLE 212 ROAPAC: MARKET, BY TYPE OF HEARING LOSS, 2020–2026
TABLE 213 ROAPAC: MARKET, BY PATIENT TYPE, 2016–2019
TABLE 214 ROAPAC: MARKET, BY PATIENT TYPE, 2020–2026
9.5 LATIN AMERICA
9.5.1 INCREASING EFFORTS TO IMPLEMENT UNIVERSAL HEALTH COVERAGE IN THE REGION TO SUPPORT MARKET GROWTH
FIGURE 41 NUMBER OF PEOPLE WITH DISABLING HEARING LOSS IN BRAZIL AND MEXICO, 2008 VS. 2018
TABLE 215 LATIN AMERICA: HEARING AIDS MARKET, BY PRODUCT, 2016–2019
TABLE 216 LATIN AMERICA: MARKET, BY PRODUCT, 2020–2026
TABLE 217 LATIN AMERICA: MARKET, BY TYPE OF HEARING LOSS, 2016–2019
TABLE 218 LATIN AMERICA: MARKET, BY TYPE OF HEARING LOSS, 2020–2026
TABLE 219 LATIN AMERICA: MARKET, BY PATIENT TYPE, 2016–2019
TABLE 220 LATIN AMERICA: MARKET, BY PATIENT TYPE, 2020–2026
9.6 MIDDLE EAST & AFRICA
9.6.1 HEALTHCARE INFRASTRUCTURE IMPROVEMENTS IN THE REGION TO DRIVE MARKET GROWTH
TABLE 221 MIDDLE EAST & AFRICA: MARKET, BY PRODUCT, 2016–2019
TABLE 222 MIDDLE EAST & AFRICA: MARKET, BY PRODUCT, 2020–2026
TABLE 223 MIDDLE EAST & AFRICA: MARKET, BY TYPE OF HEARING LOSS, 2016–2019
TABLE 224 MIDDLE EAST & AFRICA: MARKET, BY TYPE OF HEARING LOSS, 2020–2026
TABLE 225 MIDDLE EAST & AFRICA: MARKET, BY PATIENT TYPE, 2016–2019
TABLE 226 MIDDLE EAST & AFRICA: MARKET, BY PATIENT TYPE, 2020–2026
10 COMPETITIVE LANDSCAPE (Page No. - 182)
10.1 OVERVIEW
10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
10.2.1 OVERVIEW OF STRATEGIES DEPLOYED BY PLAYERS IN THE HEARING AIDS MARKET
TABLE 227 OVERVIEW OF STRATEGIES DEPLOYED BY KEY HEARING AIDS MANUFACTURING COMPANIES
10.3 REVENUE SHARE ANALYSIS OF TOP MARKET PLAYERS
FIGURE 42 REVENUE SHARE ANALYSIS OF THE TOP PLAYERS IN THE GLOBAL MARKET
10.4 MARKET SHARE ANALYSIS
FIGURE 43 GLOBAL MARKET SHARE, BY KEY PLAYER (2020)
TABLE 228 GLOBAL MARKET: DEGREE OF COMPETITION
10.5 COMPANY EVALUATION QUADRANT
10.5.1 LIST OF EVALUATED VENDORS
10.5.2 STARS
10.5.3 EMERGING LEADERS
10.5.4 PERVASIVE PLAYERS
10.5.5 PARTICIPANTS
FIGURE 44 GLOBAL MARKET: COMPETITIVE LEADERSHIP MAPPING, 2020
10.6 COMPETITIVE LEADERSHIP MAPPING FOR STARTUPS/SMES (2020)
10.6.1 PROGRESSIVE COMPANIES
10.6.2 STARTING BLOCKS
10.6.3 RESPONSIVE COMPANIES
10.6.4 DYNAMIC COMPANIES
FIGURE 45 GLOBAL MARKET: COMPETITIVE LEADERSHIP MAPPING FOR STARTUPS/SMES, 2020
10.7 COMPETITIVE BENCHMARKING
10.7.1 PRODUCT AND GEOGRAPHIC FOOTPRINT ANALYSIS
FIGURE 46 PRODUCT AND GEOGRAPHIC FOOTPRINT ANALYSIS OF TOP PLAYERS IN THE GLOBAL MARKET
TABLE 229 PRODUCT FOOTPRINT OF COMPANIES
TABLE 230 REGIONAL FOOTPRINT OF COMPANIES
10.8 COMPETITIVE SCENARIO
10.8.1 PRODUCT LAUNCHES & REGULATORY APPROVALS
TABLE 231 KEY PRODUCT LAUNCHES & REGULATORY APPROVALS
10.8.2 DEALS
TABLE 232 KEY DEALS
11 COMPANY PROFILES (Page No. - 194)
11.1 KEY PLAYERS
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
11.1.1 SONOVA GROUP
TABLE 233 SONOVA GROUP: BUSINESS OVERVIEW
FIGURE 47 SONOVA GROUP: COMPANY SNAPSHOT (2020)
11.1.2 DEMANT A/S
TABLE 234 DEMANT A/S: BUSINESS OVERVIEW
FIGURE 48 DEMANT A/S: COMPANY SNAPSHOT (2020)
11.1.3 GN STORE NORD A/S
TABLE 235 GN STORE NORD A/S: BUSINESS OVERVIEW
FIGURE 49 GN STORE NORD A/S: COMPANY SNAPSHOT (2020)
11.1.4 COCHLEAR LTD.
TABLE 236 COCHLEAR LTD.: BUSINESS OVERVIEW
FIGURE 50 COCHLEAR LTD.: COMPANY SNAPSHOT (2020)
11.1.5 RION CO., LTD.
TABLE 237 RION CO., LTD.: BUSINESS OVERVIEW
FIGURE 51 RION CO., LTD.: COMPANY SNAPSHOT (2020)
11.1.6 STARKEY
TABLE 238 STARKEY: BUSINESS OVERVIEW
11.1.7 WS AUDIOLOGY A/S
TABLE 239 WS AUDIOLOGY A/S: BUSINESS OVERVIEW
11.1.8 NUROTRON BIOTECHNOLOGY CO., LTD.
TABLE 240 NUROTRON BIOTECHNOLOGY CO., LTD.: BUSINESS OVERVIEW
11.1.9 MED-EL
TABLE 241 MED-EL: BUSINESS OVERVIEW
11.1.10 AUDINA HEARING INSTRUMENTS, INC.
TABLE 242 AUDINA HEARING INSTRUMENTS, INC.: BUSINESS OVERVIEW
11.1.11 ELKON PVT. LTD.
TABLE 243 ELKON PVT. LTD.: BUSINESS OVERVIEW
11.2 OTHER PLAYERS
11.2.1 EARGO, INC.
11.2.2 HORENTEK
11.2.3 ZOUNDS HEARING INC.
11.2.4 SEBOTEK HEARING SYSTEMS, LLC.
11.2.5 ARPHI ELECTRONICS PRIVATE LIMITED
11.2.6 IN4 TECHNOLOGY CORPORATION
11.2.7 BHM-TECH PRODUKTIONSGESELLSCHAFT MBH
11.2.8 NANO HEARING AIDS
11.2.9 LORECA S.R.O.
11.2.10 EARLENS CORPORATION
11.2.11 AUSTAR HEARING SCIENCE AND TECHNOLOGY (XIAMEN) CO., LTD.
11.2.12 LIVELY HEARING CORPORATION
11.2.13 AUDIFON GMBH & CO. KG
11.2.14 FOSHAN VOHOM TECHNOLOGY CO., LTD.
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
12 APPENDIX (Page No. - 232)
12.1 DISCUSSION GUIDE
12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
12.3 AVAILABLE CUSTOMIZATIONS
12.4 RELATED REPORTS
12.5 AUTHOR DETAILS
This study involved four major activities in estimating the current size of the hearing aid market. Exhaustive secondary research was carried out to collect information on the market, its peer markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation procedures were used to estimate segments' and subsegments' market sizes.
Secondary Research
In the secondary research process, various secondary sources such as annual reports, press releases and investor presentations of companies, white papers, certified publications, articles by recognised authors, gold- and silver-standard websites, regulatory bodies, and databases (such as D&B Hoovers, Bloomberg Business, and Factiva) were referred to identify and collect information for this study.
Primary Research
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Primary sources were mainly industry experts from the core and related industries and preferred suppliers, manufacturers, distributors, service providers, technology developers, researchers, and organisations related to all segments of this industry's value chain. In-depth interviews were conducted with various primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, to obtain and verify the critical qualitative and quantitative information as well as assess future prospects.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the hearing aid market's total size. These methods were also extensively used to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry have been identified through extensive secondary research.
- The revenues generated by leading players operating in the hearing aid market have been determined through primary and secondary research.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources
Market Size: Top-Down Approach
Data Triangulation
After arriving at the overall market size using the process mentioned above, the total market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Report Objectives
- To define, describe, segment, and forecast the global hearing aids market by product, type of hearing loss, patient type, and region
- To provide detailed information regarding the major factors influencing the market growth (such as drivers, restraints, opportunities, and challenges)
- To analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall hearing aids market
- To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
- To forecast the size of the market segments with respect to five regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa
- To profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies2
- To track and analyze company developments such as product launches, regulatory approvals, agreements, partnerships, and acquisitions in the hearing aids market.
- To benchmark players within the market using the proprietary "Competitive Leadership Mapping" framework, which analyzes market players on various parameters within the broad categories of business and product strategy.
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for this report:
Country Information
- Hearing aids market size and growth rate estimates for countries in the Rest of Europe, the Rest of Asia Pacific, Latin America, and Middle East & Africa
Company profiles
- Additional five company profiles of players operating in the hearing aids market
Growth opportunities and latent adjacency in Hearing Aids Market
What are the growth estimates for Hearing Aids Market till 2026?
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