Hearing Aids Market

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Hearing Aids Market Size 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

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Report Code: MD 3864 Jul, 2021, by marketsandmarkets.com

The global size of hearing aids market in terms of revenue was estimated to be worth USD 7.5 billion in 2021 and is poised to reach USD 10.2 billion by 2026, growing at a CAGR of 6.4% from 2021 to 2026. The research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market.

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.

Hearing Aids Market

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Hearing Aids Market Dynamics

Driver: 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.

Opportunity: 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.

Restraint: 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.

Challenge: 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 industry.

The growth of the hearing aid device segment of the hearing aids market 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 industry.

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 of the hearing aids market. 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 industry 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 of the hearing aids market will ensure a continued and intensified demand for hearing aids.

The Asia Pacific hearing aids industry is expected to grow at the fastest rate.

The Asia-Pacific hearing aids 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).

Scope of the Hearing Aids Industry

Report Metric	Details
Market Revenue in 2021	$7.5 billion
Projected Revenue by 2026	$10.2 billion
Revenue Rate	Poised to grow at a CAGR of 6.4 %
Market Driver	Technological advancements in hearing aids
Market Opportunity	Emerging markets offer lucrative opportunities

This research report categorizes the hearing aids market to forecast revenue and analyze trends in each of the following submarkets:

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 of Hearing Aids Industry

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 (FAQ):

What is the projected market revenue value of the global hearing aids market?

The global hearing aids market boasts a total revenue value of $10.2 billion by 2026.

What is the estimated growth rate (CAGR) of the global hearing aids market?

The global hearing aids market has an estimated compound annual growth rate (CAGR) of 6.4% and a revenue size in the region of $7.5 billion in 2021.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 32)
    1.1 OBJECTIVES OF THE STUDY
    1.2 HEARING AIDS INDUSTRY 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 HEARING AIDS INDUSTRY: 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 HEARING AIDS 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 HEARING AIDS INDUSTRY 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 HEARING AIDS 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 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 HEARING AIDS INDUSTRY, BY PRODUCT, 2016–2019
          TABLE 11 GLOBAL HEARING AIDS 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 HEARING AIDS INDUSTRY, BY TYPE OF HEARING LOSS, 2016–2019
          TABLE 98 GLOBAL HEARING AIDS 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 HEARING AIDS INDUSTRY, 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 HEARING AIDS INDUSTRY, 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: HEARING AIDS 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: HEARING AIDS INDUSTRY, 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: HEARING AIDS INDUSTRY, 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: HEARING AIDS 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: HEARING AIDS MARKET, 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: HEARING AIDS INDUSTRY, 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: HEARING AIDS 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: HEARING AIDS INDUSTRY, 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: HEARING AIDS INDUSTRY, BY PATIENT TYPE, 2020–2026
    9.3 NORTH AMERICA
          TABLE 157 NORTH AMERICA: HEARING AIDS 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 market in 2020
                                FIGURE 36 NUMBER OF AUDIOLOGISTS IN THE US
                                TABLE 163 US: KEY MACROINDICATORS
                                TABLE 164 US: HEARING AIDS 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: HEARING AIDS INDUSTRY, 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: HEARING AIDS 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: HEARING AIDS INDUSTRY, 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: HEARING AIDS INDUSTRY, 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: HEARING AIDS 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: HEARING AIDS 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: HEARING AIDS INDUSTRY, 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: HEARING AIDS 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: HEARING AIDS INDUSTRY, 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: HEARING AIDS 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: HEARING AIDS 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 HEARING AIDS INDUSTRY
     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 HEARING AIDS 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 HEARING AIDS INDUSTRY: 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 HEARING AIDS 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.

Hearing Aids Market Size

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

Hearing Aids Market Size

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

Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.